It was 2017 when DraftKings & FanDuel attempted to merge into one, big, happy family. However, it did not take long for that move to be called off, as the Federal Trade Commission (along with a couple of attorneys general) said they would sue to block any merger. The combined companies would have controlled 90%  of the market for daily fantasy sports, which authorities say would have violated antitrust law. Now, two U.S. senators have called for the FTC and the Justice Department to take another look, and to open an  investigation into DraftKings & FanDuel over a similar accusation….

US gambling revenue reached $17.71 billion in Q3 2024, the industry’s highest-grossing Q3 on record, according to the American Gaming Association’s Commercial Gaming Revenue Tracker. This makes Q3 2024 the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue. Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8% ahead of 2023 and putting the industry on track for a fourth straight record revenue year. In Q3 2024, 29 of the 35 US gambling  jurisdictions operational last year saw increased…

F1 returns to Sin City this weekend with hope that the Las Vegas Grand Prix will go down better with the local community than it did last year. The night race down The Strip looked spectacular and drove a $1.5 billion boost to the local economy, but months of construction work and the closure of the vital roadway did not endear it to those who call the city home. The installation of the grandstands along the route that block iconic views like the Bellagio Fountains began later this year, and traffic lane disruptions did not start until early October as…

After several weeks with little eliminations in Circa Survivor, an upset over Kansas City knocked out over 20% of the remaining field leaving the contest down to 151 entries. The contest had 191 remaining entries going into Week 9. With several large favorites on the board, the picks were spread out among nine teams. The most-picked team was Cincinnati to beat Las Vegas, and that hit without a sweat. However, the second-most picked team was New Orleans against Carolina. New Orleans was a 7-point favorite going into the week. During the game, they had more yardage, less turnovers and more…

Not everything will be better about this year’s upcoming Las Vegas F1 race. While construction issues have been greatly reduced, and the process of preparing for the crowds has gone much more smoothly, the financial return for MGM Resorts and Caesars Entertainment is expected to be much less than the inaugural event. During quarterly earnings calls, executives from MGM and Caesars each expressed concerns about the financial returns for this years race to investors and analysts. With expectations of returns for the 2024 Las Vegas F1 race so negative, both companies are now projecting multi-million dollar declines. Despite this, both…

Americans love to gamble, but for years a line has been drawn around betting on US elections. That was until the New York-based startup Kalshi sued the Commodities and Futures Trading Commission over the issue. And in early September, a Judge agreed with the company and overturned the Commission’s prohibition on the activity. Kalshi then began offering election bets before the CFTC  appealed the courts decision. Now the whole matter of betting on US elections is up in the air again, as the federal appeals court heard the case but has yet to make a decision on the issue. However,…