#Penn Entertainment

We aren't far away from legalized sports betting launching in the state of Massachusetts. Right now, the plan is for to launch in three casinos at the end of January. Then, in March, the plan is for mobile sports betting to launch, just ahead of the NCAA March Madness Tournament although that date is still tentative. One of the that is set to…

Legalized online and mobile sports betting got off to a fast start in Ohio. The state, which launched legal sports betting Jan. 1, recorded 11.3 million transactions over the course of New Year's weekend, according to GeoComply, which provides geolocation and anti-fraud solutions to the U.S. iGaming industry. Cincinnati saw the most legal mobile…

Penn Sports Interactive (PSI), which operates Barstool Sportsbook, received preliminary approval from the Mass. Gaming Commission (MGC) for a temporary mobile sports betting license on Wednesday following a lengthy suitability review. The final vote was carried unanimously, though only after it was initially delayed from December and several…

COLUMBUS, Ohio (WCMH) - Sports gambling in Ohio has been legal for just four days and Gov. Mike DeWine is already sounding some alarms. "The companies that are doing the massive advertising need to be aware that they're being looked at very closely by the governor and the casino control commission," DeWine said. The Casino Control Commission said…

Members of the Massachusetts Gaming Commission have voiced concerns about the links between Barstool Sportsbook and Barstool Sports, which representatives from owner PENN have sought to address in their bids for sports-betting licenses. The Massachusetts Gaming Commission has approved Barstool Sportsbook for an online sports betting license, albeit…

The Barstool Sportsbook betting platform was unanimously approved for a temporary sports betting license by the Massachusetts Gaming Commission (MGC) Wednesday, according to an MGC press release. The gaming commission vote came from a two-week delay spurred by concerns about allegations against Barstool Sports and its founder David…

Legal sports betting goes live in Ohio this weekend, and the state's sports betting regulator, the Ohio Casino Control Commission (OCCC), wants to ensure that operators take responsible gambling seriously. The OCCC sent a memo to gaming stakeholders last week, asking that responsible gambling measures be reviewed after notable violations in the…

Some retail operators even have gala-like openings planned for the start of legal sports betting in Ohio. There will be several ways to get down a wager over the internet when legal sports betting goes live in the Buckeye State on January 1 - but the state's brick-and-mortar casinos and other licensed gaming spots will also be ready as well. Retail…

Prior to the Jan. 1, 12:01 a.m. Ohio sports betting launch, the casino control commission is giving all stakeholders a warning to adhere to its marketing and advertising restrictions to not target individual under the age of 21. The Ohio Casino Control Commission has already seen consistent violations from stakeholders that allegedly targeted…

Sports gambling, in many ways, has been a lifeboat for the sports media industry. From online to radio to TV to inside arenas and stadiums, it has been nearly impossible for fans to avoid exposure to sports betting advertisements or promotions - even for an hour or two - for a couple of years now. In this week's newsletter, we will evaluate the…

Tuesday's work by the MGC now means that the state's three casinos have key approvals for their sports-betting licenses in hand, keeping them on track to start taking in-person wagers at their properties in late January. The regulator of sports betting in Massachusetts has made its peace - to an extent - with the gaming company tied to a…

The Ohio Casino Control Commission (OCCC) fined Barstool Sports for illegally marketing its Barstool Sportsbook during a November 15 campus event at the University of Toledo. violated two gambling regulations regarding to whom and where it can advertise According to the commission, Barstool violated two gambling regulations regarding to whom and…

Wednesday continued a tumultuous stretch for PENN Entertainment and its Barstool Sportsbook, as the Ohio Casino Control Commission (OCCC) brought up a notice of violation against the company for allegedly targeting college students in advertising. Last week, the Massachusetts Gaming Commission (MGC) delayed a decision regarding a retail sports…

The Ohio Casino Control Commission was also told Wednesday of administrative actions taken against Barstool Sportsbook and PlayUp, albeit over different allegations. The timing of a huge college football game won't be enough to move the start date for legal sports betting in Ohio. Fourth-seeded Ohio State will play first-seeded Georgia in a College…

Penn Entertainment, the parent company of Barstool Sports, is facing a $250000 fine after an alleged violation of Ohio sports betting regulations against advertising on or targeting a college campus and/or individuals under the age of 21. The alleged violation still needs to be voted on by the Ohio Casino Control Commission before the fine is…

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz (Note: This will be the last Indy Gaming…

The Massachusetts Gaming Commission has halted sports betting as the agency tasked with establishing the industry's rules began reviewing its first license application. Members of the commission have identified a few concerning details regarding the casino's application for a sports betting license, particularly its owner's ties with Barstool…

Encore Boston Harbor became the first Massachusetts property to get a license for a brick-and-mortar sportsbook when the Massachusetts Gaming Commission unanimously voted Thursday to award one to it. The decision came after the MGC chose to defer decisions on licenses for PENN Entertainment's Plainridge Park and MGM Springfield. On Tuesday, the MGC…

As the Massachusetts Gaming Commission (MGC) begins reviewing the initial batch of sports betting licenses, it has developed concerns over Dave Portnoy's involvement with Penn Entertainment. controlling interest in Barstool Sports, the founder of which is Dave Portnoy The application in question is Plainridge Park Casino's proposal to start…

Why should organized crime have all the fun? In 2018 the U.S. Supreme Court declared that sports gambling was a "states rights" issue, making what had been illegal for many years now able to become legal. This opened the door for "legitimate" businesses to turn what had been dominated by organized crime to go mainstream. Although laws varied from…

Times Insider explains who we are and what we do and delivers behind-the-scenes insights into how our journalism comes together. The Kansas State Capitol is the state's greatest architectural treasure, a towering temple of democracy. Taller than the United States Capitol, the 119-year-old building is filled with reminders of Kansas' outsized role…

After the New York Times published a series of long-form pieces profiling sports betting, the gaming industry responded loudly and proudly that the profiles did not adequately depict how the industry truly works. Kinectify's Director of Business Development Sean Topchi broke down several assertions made across the stories and provided context and…

The 18 retail sportsbooks in Pennsylvania don't get as much attention as the 14 online/mobile sites on which to place sports bets. After all, the bets placed in person at 15 casinos and three off-track betting parlors represent only 8% of the overall wagering volume. These brick-and-mortar venues aren't heavily promoted on television and social…

This week's column comes to you as I prepare to board a flight for a week off in the Hampton Roads region of Virginia, so what better to focus on than the idea of retreating from costly US battles? Maximbet became the latest US operation to shut down, hot on the heels of the Fubo Sportsbook. If it wasn't clear already, it's fair to say now that…

Barstool Sportsbook is coming to Ohio sports betting on January 1, 2023. While Barstool Sportsbook is not in every state that has legal sports betting (e.g. New York), the company made it clear that they will be live with the initial group of sportsbook operators when Ohio launches to start the new year in 2023. Ohio will be the 14th state that…

Since the United States Supreme Court struck down Professional and Amateur Sports Protection Act legislation in 2018, sportsbooks have been scrambling to figure out how to scale operations and win over mainstream bettors. One of the best ways to accomplish this is through partnerships with media companies and personalities, or outright mergers and…

But will profit-conscious sportsbook operators keep putting themselves, and their shareholders, in such pricey positions in the future? Mattress Mack didn't hedge - and that's gotta hurt for several operators of online sports betting sites in the United States, as well as their shareholders. The win by the Houston Astros on Saturday night to clinch…

However, the Barstool Sportsbook-owner is facing a significant liability: Mattress Mack's massive wagering on the World Series. PENN Entertainment Inc. says revenue from its online sports betting sites and internet-based casino gambling shot up in the third quarter - and that its digital segment was in the black in October - as the company eyes…

LOS ANGELES - The giants of mobile sports betting entered California, the final conquest that would clinch an improbable national takeover, with a clear strategy: divide and outspend. DraftKings and FanDuel, the leaders of an exploding industry, had spent their decade of existence forgoing profits in favor of relentless expansion, pouring hundreds…

Sports betting brand PointsBet has shared its financial results for the period that ended September 30. For the first quarter of FY2023, the brand's turnover rose by 18% to AUD1.15 billion ($742.8 million). However, gross win was AUD115.1 million ($74.3 million), down by 1.7% from AUD117.1 million ($75.6 million) in the same period last year. Net…

Tekkorp is no longer looking for a sports betting company to acquire and take public through a SPAC. The blank-check company announced the deal was dead Tuesday after it chose not to seek an extension to the Oct. 26 deadline. Tekkorp was targeting a gaming business with a $1-$2 billion enterprise value, according to its registration…

Last Friday, as the September jobs report dealt a blow to the broader stock market, shares of sports betting site DraftKings (DKNG (opens in new tab), $13.49) jumped more than 3%. Why? Reports surfaced over a potential partnership with Walt Disney's (DIS (opens in new tab)) ESPN. The speculation dates back to summer of 2021, when The Wall Street…

The entry of Fanatics into the legal sports betting fray would add a unique name to the mix and perhaps open up a new front in the battle for players, which could include the possibility of more and more physical swag to go with their digital bets. Forget a free drink at a casino - how about a free hat at an online sportsbook? Fanatics Inc. is…

As Louisiana sports betting approaches the end of its first full year of action, the market is hitting its stride, according its top regulator. Louisiana Gaming Control Board Chairman Ronnie Johns told LSR Tuesday that he expects a significant jump in action when the September revenue report is released later this month. It is the…

A new Los Angeles Times /UC Berkeley Institute of Governmental Studies poll further crushed the spirit of anyone hoping to be able to place a sports bet in California in the near future. According to the poll results released on Tuesday, the tribal-backed retail-only Proposition 26 has the support of 31% of voters while the commercial-backed,…

For several Ohio sports betting license applicants, preparations for New Year's Day 2023 can now begin in earnest. Regulators in Ohio gave their approval to in-person sports betting licenses to eight applicants last week. Among the first to receive the retail confirmations are three of the state's professional sports teams and four casinos. This…

Prop 27 is one of the two ways voters can legalize sports betting in California on this November's ballot. Voters can legalize online California sportsbooks through a vote for Prop 27. Prop 26, meanwhile, would legalize only retail sports betting at tribal casinos and horse tracks. Californians can legalize online sports betting by voting yes on…

Born out of the Penn Gaming acquisition of Barstool Sports in 2020, Barstool Sportsbook is a major player in legalized sports betting in the United States. With the industry's biggest personalities driving engagement around the brand, strong promo offers to attract customers and a very decent user experience on its app, Barstool Sportsbook has…

US sports betting operators are finally starting to focus on profitability, though meaningful profit could still be years away. That analysis comes from Fitch analyst Colin Mansfield, who was one of three analysts discussing sports betting on a panel at the East Coast Gaming Congress held Thursday and Friday at Hard Rock AC: "That's what their…

There's never been a better time to be a U.S. sports betting company. With college football and the NFL underway, this is "Christmas, Hanukkah, New Year's, Thanksgiving, and your birthday all rolled into one," said Patrick Keane, CEO of Action Network. GeoComply reported 103.1 million geolocation verifications performed by sportsbook operators…

Australian online bookmaker PointsBet has announced that it has received approval from the Louisiana Gaming Control Board allowing it to launch its mobile sports betting product in the state immediately. PointsBet's launch in Louisiana is the fourth state that the company has launched in thanks to a partnership deal with Penn Entertainment.…

The Ohio Casino Control Commission approved 10 Ohio sports betting proprietor licenses at its Thursday meeting. There are still plenty of approvals to go before Ohio sportsbooks can launch at midnight on Jan. 1. Executive Director Matt Schuler made it clear those approvals for a day-one launch depend on hitting multiple deadlines. As of two weeks…

BOSTON - Regulators heard from more than 20 would-be Massachusetts sports betting providers on Thursday, with no consensus emerging on how temporary mobile licenses should be awarded or on whether the Bay State should allow all wagering to begin at the same time vs. a staggered start between mobile and/or retail operators. A law permitting sports…

The survey found that 4% of respondents intended to wager using an online sportsbook, 3% expect to place in-person bets at a casino or sporting venue, and 8% expect to do both. An Emerson College poll taken last week suggests that just 15% of voters are planning to place a bet via a legal sportsbook in Ohio when they go live on Jan. 1, 2023. The…

Illinois became the fourth state to surpass $1 billion in sports wagering operator revenue when Illinois Gaming Board Administrator Marcus Fruchter announced Thursday the state's top-line numbers for July during the state agency meeting. The nearly $46.1 million claimed by sportsbooks in July was the ninth-highest total in 27 months of wagering…

Legal online gambling is half the age of the College Football Playoff. Neither has hit double digits in age, but what they each have in common is they both ushered in change. Some online gambling operators have influenced and shaped how we view the US online gambling market. People like Sara Slane, Jason Robins and Jay Snowden have pushed the…