Online Sportsbook news and trends

DraftKings Hits 52-Week High Based on Projected Profitability
Connected Economy // July 10, 2023

Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm’s projected profitability on an adjusted EBITDA basis took the stock up 7.96% to a $28.79 per share, Seeking Alpha reported Monday. Analysts have taken notice of the sports betting stock’s performance, according...

Paysafe Begins Supporting Newly Legal Massachusetts Sports-Betting Market
Payment Methods // March 30, 2023

Paysafe has expanded into Massachusetts to serve the newly legal sports gambling market. The entertainment-focused payment platform is supporting the mobile sports-betting market by enabling players to fund their accounts by debit card, its own alternative payment methods (APMs) and third-party APMs, Paysafe said Thursday (March...

Quick Reads
DraftKings Bringing Online Sportsbook to Washington DC

July 23, 2024
DraftKings says it plans to launch its online sportsbook in Washington, D.C. Assuming it gets the license and regulatory approval it needs, DraftKings would make the nation’s capital its 29th North American market, the company said in a Tuesday (July 23) press release. The launch is part of a partnership with D.C. United, the district’s professional men’s soccer team. […]

DraftKings Hits 52-Week High Based on Projected Profitability

July 10, 2023
Shares of DraftKings soared to a 52-week high Monday (July 10). The Boston-based firm’s projected profitability on an adjusted EBITDA basis took the stock up 7.96% to a $28.79 per...

Paysafe Begins Supporting Newly Legal Massachusetts Sports-Betting Market

March 30, 2023
Paysafe has expanded into Massachusetts to serve the newly legal sports gambling market. The entertainment-focused payment platform is supporting the mobile sports-betting market by enabling players to fund their accounts by...