Ryan Butler(@ButlerBets) 's Twitter Profileg
Ryan Butler

@ButlerBets

iGaming for https://t.co/lEKciewKNF Also sports betting and gaming industry news (plus occasional sports rants). Northern Virginia native, @UF Grad

ID:1074787445135290369

linkhttp://covers.com calendar_today17-12-2018 22:04:30

7,0K Tweets

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Female college athletes experience roughly 75% of the abusive communications tracked by the NCAA, Managing Director of Enforcement Mark Hicks said during a gaming industry conference today

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One reason Amazon has kept its distance from legal sports betting is the licensing regulatory scrutiny its top officials would face, Orrick legal firm Partner Behn Dayanim said during today's SBC Summit; these regulations have deterred other top companies from the gaming industry

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Ontario has the most restrictive regulated gambling advertising requirements in North America, said Cathy Judd-Stein, former Chair of the Massachusetts Gaming Commission, during today's SBC Summit; (most) attendees here would agree...

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Dramatic increases in federal regulation around licensure and advertising in the coming years would be a 'worst case' scenario for US gaming entities, said Lou Rogacki, New Jersey Division of Gaming Enforcement Deputy Director, during an industry conference today.

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What does AI mean for sportsbooks? For now, better pushing data that gets bettors to wager on personalized, higher-margin single-game parlays and prop bets centered on their favorite teams, sports and leagues; this from the consensus of an SBC Summit panel earlier today

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No state is set to pass online casino legislation this calendar year. The likeliest next states, per an industry conference panel today, include:

- Colorado
- Illinois
- Indiana
- Iowa
- Maine
- Maryland
- New York
- Wyoming

[Covers]

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It will be at least a year to 18 months before we see significant action on a new online casino market, Global Gaming Advisors Founder Lauren Seiler said during an industry conference panel Monday Covers

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Caesars is not pursuing a major outside digital gaming acquisition, Caesars Digital President Eric Hession said during a gaming industry panel today, and will instead focus on improving its existing products, including its Caesars Palace Online Casino

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Dug into the hefty partnership obligations that the likes of Caesars, DraftKings, and FanDuel are still reporting.

The Cost of ‘Official’ Sports Betting Partnerships is High, but Getting Lower

covers.com/industry/caesa…

Covers

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Amazon has been a 'great partner,' DraftKings CEO Jason Robins said referencing the company's sponsorship of NFL Thursday Night Football: $AMZN is reportedly pursuing NBA broadcast rights; Robins noted $DKNG has deals with multiple broadcasters & sees potential with any NBA deal

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DraftKings CEO Jason Robins remains bullish on online casino gaming legalization in 2025, he said during today's $DKNG earnings call; the need for new tax revenues is a key factor that will drive legalization, Robins said; no states are set to approve iGaming this calendar year

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Texas will be the big focus for online sports betting legalization in 2025, DraftKings CEO Jason Robins said during today's earnings call

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DraftKings CEO Jason Robins seems to pour cold water on any imminent acquisitions of a major competing sportsbook or iCasino; Robins said two simultaneous deals could be a 'distraction' for organic growth; $DKNG announced the acquisition of Jackpocket in Feb

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DraftKings expects to see 10.5% hold percentage for single-game parlay bets in FY 2024, $DKNG officials said during today's earnings call

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DraftKings is set to offer Single Game Parlay early cash outs, $DKNG CEO Jason Robins said during today's earnings call; Robins again stressed the importance of parlay products to the company's bottom line

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DraftKings expects to see positive contributions from its online sportsbook in North Carolina and Vermont, which both launched earlier this year, by the second half of 2024, $DKNG CEO Jason Robins said during the company's Q1 earnings call

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DraftKings Adjusted EBITDA reconciled to its net loss, per $DKNG Q1 2024 earnings release:

Q1 2023: (221.6m) in losses
Q1 2024: $22.4m in gains

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DraftKings has improved its net revenue losses from nearly ($400m) in Q1 2023 to a loss of under ($150m) in Q1 2024

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