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Most sportsbook operators were pinched by the Super Bowl because the underdog Kansas City Chiefs won outright. But DraftKings’ (NASDAQ: DKNG) first-quarter earnings might prove sturdy due to the operator winning on parlays and some popular proposition wagers. A DraftKings billboard appears in Times Square in New York City. An analyst believes the operator did well with the Super Bowl and could have big iGaming opportunities ahead. (Image: NASDAQ) Following a meeting with several high-ranking DraftKings executives, including cofounder and CEO Jason Robins, JPMorgan analyst Joseph Greff said he came away “incrementally impressed.” Greff added that the operator likely notched decent hold on the Super Bowl because neither Kansas Chiefs …

Shares of DraftKings (NASDAQ: DKNG) surged in early trading Friday, extending a run that’s seen the stock gain more than 10% over the past month. That’s after Barclays analyst Brandt Montour upgraded the gaming equity. A DraftKings Sportsbook advertisement above the Grand Central subway station in New York City. The stock rallied Friday on an upgrade from Barclays. (Image: Crain Communications) In a note to clients today, Montour upgraded DraftKings to “overweight” from “equal weight,” while boosting his price target on the stock to $50 from $41. That new forecast implies upside of 22.4% from the Feb. 22 close. We’re less concerned than we were 3-6 months ago over increased …

Illinois Gov. J.B. Pritzker (D) on Wednesday unveiled a $52.7 billion spending plan for the state’s upcoming fiscal year that begins on July 1. The billionaire governor in his second term plans to partially cover the 2% spending increase by raising taxes on sportsbook operators. Illinois Gov. J.B. Pritzker arrives at the State Capitol to deliver his State of the State and budget address on Wednesday, Feb. 21, 2024. Pritzker wants to more than double the state’s tax rate on sportsbooks. (Image: Getty) Illinois is home to in-person and online sports betting. Bettors last year wagered $11.6 billion at the 11 brick-and-mortar and eight online sportsbooks. Oddsmakers kept about $1 …

DraftKings (NASDAQ: DKNG) spent $700K on private air travel last year for cofounder and CEO Jason Robins. DraftKings CEO Jason Robins. The company spent $700K on private air travel for him last year. (Image: Getty Images) That detail was revealed in the company’s annual report, which was published Thursday in conjunction with the operator’s fourth-quarter earnings release. In the filing with the Securities and Exchange Commission (SEC), DraftKings noted that starting in 2022, it chartered, “without markup,” a private jet owned by the chief executive officer “for the business and personal travel of Mr. Robins and his family.” The Company had no direct or indirect interest in such private plane. …

The Florida Gaming Control Commission has sent cease-and-desist letters to three fantasy sports operators that allow players to bet against the house. Traditional DFS (daily fantasy sports) games are played among pools of players or peer-to-peer. The Florida Gaming Control Commission has sent cease-and-desist orders to three fantasy sports companies that run pick’em contests. State regulators say the prop-like bets violate Florida law. (Image: Casino.org) Known as “pick’em” fantasy sports, players on such apps bet whether a roster of players they assemble will go over or under a point total calculated by the operator. In Florida, three companies have run such games, including PrizePicks, Betr, and Underdog Fantasy. On January …

Nevada oddsmakers came out on top of Sunday’s Super Bowl LVIII, but by a slim margin. Taylor Swift embraces Travis Kelce after his Kansas City Chiefs won Super Bowl LVIII on Sunday, Feb. 11, 2024. Nevada oddsmakers won $6.8 million on the big game. (Image: Getty) The Nevada Gaming Control Board (NGCB) reports that $185.6 million was wagered on the big game between the Kansas City Chiefs and San Francisco 49ers. The handle easily set a new record, eclipsing the previous all-time mark of $179.8 million set in 2022, when the Los Angeles Rams played the Cincinnati Bengals. Despite the historic betting, the two-point underdog Chiefs winning in overtime against …

Britain’s The Daily Mail has leaked the location where America’s most beloved celebrity couple will sleep the night before the Super Bowl. Or at least where Taylor Swift and Travis Kelce will try to sleep. “Villa de Swelce” features four bedrooms and six bathrooms in nearly 9K square feet of living space, with 300 feet of private waterfront. (Image: Zillow) Kansas City Chiefs tight end Travis Kelce rented the opulent villa on Lake Las Vegas because it’s a short distance from the Westin Lake Las Vegas, where his teammates are staying before the big game. While the Chiefs’ hotel is plenty posh, Kelce quite understandably wanted more privacy than it …

FanDuel will make changes to the “Kick of Destiny” commercials that featured actor Carl Weathers, who passed away earlier today at the age of 76. Actor Carl Weathers (driver) and retired NFL star Rob Gronkowski in a FanDuel commercial. Weathers died earlier Friday. (Image: FanDuel) The largest online sportsbook had been running advertisements featuring Weathers and former New England Patriots and Tampa Bay Buccaneers tight end Rob Gronkowski in the run-up to the Super Bowl on Feb. 11. This year’s spots were framed as a sequel to a 2023 campaign in which Gronkowski missed a 25-yard field goal. We are deeply saddened to learn of the passing of Carl Weathers,” …

Super Bowl LVIII will be played on Sunday, February 11, in the gambling capital of the world, Las Vegas. But the big game will feature just three commercials promoting sports betting. The Vince Lombardi Trophy, awarded annually to the winners of the Super Bowl, stands in front of the Welcome to Fabulous Las Vegas sign on the southern end of the Strip. Super Bowl LVIII will go down from Las Vegas’ Allegiant Stadium on Feb. 11, 2024. (Image: NFL) With the cost of a 30-second commercial at about $7 million, only FanDuel and BetMGM are wagering on getting a return on a Super Bowl advert. NFL executives revealed this week …