happy Monday, everyone. Sports betting was in the news over the weekend for a number of reasons, including a long-awaited new launch.
The start of sports betting in Tennessee It took almost a year and a half, but the state is finally living with the country’s first all-cellular market. The LSR podcast The crew discussed the start and other top stories from the last episode.
Follow us on Twitter @ LSPReport You can also find all the latest updates and latest feature stories here.
Finally, the LSR team humbly asks our US readers to vote if they haven’t already. If you happen to live in Louisiana, Maryland or South DakotaCheck out our sports betting referendums before you take the polls.
Top sports betting news: TN sports betting goes live
After a long wait, Tennessee sports bettors can finally legally bet in the state.
Tennessee became the 20 .. US jurisdiction with sports betting early on Sunday Tomorrow. The market started with four operators, three of which are still pending:
- BetAmerica (pending)
- BetMGM (live)
- DraftKings Sports Betting (live)
- FanDuel Sportsbook (live)
- Tennessee Action 24/7 (live)
- William Hill (pending)
- Wynn (pending)
All eyes will be on Tennessee results over the next few months to see how TN sportsbooks deal with the commitment 10% stop.
There are other reasons to closely monitor what’s going on in the Volunteer state. Many will want to see the impact the lack of retail betting has on customer acquisition. Tennessee could also become a center for sports betting in the southeastern US, as there are no legal sports betting beyond TN.
FanDuel Sportsbook extends the reach of IL, NJ, USA
FanDuel Sportsbook finally seems to have a trading partner Illinois that puts it in competition with its greatest competitor.
Fairmount Park received preliminary approvals from gambling regulators last week to transition to a Racino and offered legal IL sports betting.
Fairmount is just outside of St. Louis, just 15 minutes east of DraftKings at Casino Queen. The track offers a much better personal registration position in the state than FanDuel’s first partner. Par-A-Dice Casino.
FanDuel announced a six-year agreement to expand its reach in the US Entercom to become the official sports betting partner of the company and its portfolio more than 2oo Radio stations across the country.
Finally, FanDuel announced the opening of another one New Jersey Experience with sports betting: on atlantic city Sports betting at Bally.
Genius Sports goes public and announces new deal
Sports betting data provider Genius sport goes public – you guessed it – a SPAC.
The agreement with dMY technology group II appreciates the company $ 1.5 billion and should be trading in the US by Q1. This name should sound familiar: dMY Technology announced in July that this would be necessary Rush Street Interactive Public through another SPAC.
Genius Sports will close the deal with about $ 150 million in cash for growth and “Essentially” no debt. Your rating is Eight times it is $ 190 million in forecast earnings for 2021.
Genius also announced a new deal last week. The company will use the Drone Racing League Develop the first league-approved drone racing product for sports betting.
Penn is happy with Barstool Sportsbook so far
Penn National is content with the early days of his Bar stool sports betting start so far, CEO Jay Snowden said investors last week.
The brand currently only offers PA sports betting $ 78 million up and running in just over a month. Aside from the grip, the customers Penn gained through the brand were the bigger advantage.
Of 48,000 registered customers in Pennsylvania, 95% are new to Penn National. The weathers also seem to enjoy the bar stool contents 39% of bets betting on exclusive content. There were also more than 4.5 million Stream views of the Sportsbook House, where bar stool personalities gather to watch games together.
Stoolies hoping to use the brand for sports betting Colorado was, however, a little prematurely excited. Ameristar Black Hawk is launching its retail Barstool Sportsbook this week, but a launch for mobile betting won’t come until next year.
Nevada leads US to new monthly record
Nevada did not include most of the US sports betting September, but his post was news in its own right.
Sports betting in Nevada has also improved the country’s overall sports betting handle for the month $ 2.5 billionand thus also set a new record in August.
The $ 575.1 million The handle could have been bigger with more mobile betting. Mobile handle only taken into account 54.9% in September from 64.3% in the August. Nevada requires personal registration for sports betting, which puts its mobile portion at the bottom of the US state.
However, that could change due to a public hearing this week. Nevada gambling regulators will consider changing their regulations that would allow weather identities to be confirmed remotely.
Wynn lands a sports betting partnership in Virginia
Wynn finally increased the pace of sports betting.
The last announcement is with NASCAR to become the official online sports betting of two routes in Virginia, pending approval by the regulatory authorities.
VA sports betting I have just completed the application deadline which leads to a stressful part for the operators. The state will only authorize between four and 12th Sports betting applications, no matter how many companies have applied.
If approved, Wynn will build two WynnBET Lounges at Martinsville Speedway and Richmond Raceway. Wynn is also expanding its NASCAR content after becoming an authorized league game operator.