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Shares of DraftKings (NASDAQ: DKNG) spiked in Thursday’s after-hours trading session after the online sportsbook operator delivered its first profitable quarter as a public company. Inside a DraftKings office. The company was profitable in the second quarter and lifted its 2023 guidance. (Image: Wall Street Journal) The Boston-based company said its non-generally accepted accounting principles (non-GAAP) earnings per share in the second quarter were 14 cents, well ahead of the loss of 14 cents analysts expected. Thus, DraftKings generated positive adjusted earnings before, interest, taxes, depreciation, and amortization (EBITDA) in the June quarter as revenue surged 88% to $875 million, blowing past analysts’ estimates of $772.9 million. The gaming company’s …

Sports wagering startup Betr is entering the fantasy sports space with a new “pick ’em” game that, over the long term, could be additive to the company’s sports betting efforts. Social media influencer Jake Paul poses in a Liverpool FC jersey. Betr, the gaming company he co-founded, introduced a real money fantasy picks game. (Image: Jake Paul/Twitter) Betr Picks is a real money game with binary choices, such as “more” or “less.” In essence, Betr Picks is a prop-style daily fantasy sports (DFS) game. The simple and intuitive real money fantasy pick ’em experience allows users to select ‘More’ or ‘Less’ from a wide array of player projections to build …

The Australian greyhound trainer whose kennel is at the center of an animal cruelty investigation was once caught on camera allegedly “stimulating” a dog before a race. Tony Rasmussen, above, and his wife, Lisa, were charged with 12 offenses Friday morning related to footage showing animal abuse at his kennel compound in South Australia. (Image: Greyhound Recorder) In 2016, Tony Rasmussen was seen in Sky Racing footage handling a dog named Crisis Bale “in the vicinity of its genital region,” according to a subsequent inquiry by Racing South Australia (SA). Some commentators at the time suggested the action was designed to make the dog run slower. Sure enough, Crisis Bale …

Josh Jacobs, the All-Pro running back from the Las Vegas Raiders, will hold out of training camp due to a contract dispute. He was spotted leaving Las Vegas and he’s expected to sit out of the entire preseason or, possibly, longer. Las Vegas Raiders running back Josh Jacobs, seen here evading tacklers in a game at Allegiant Stadium, will be a training camp holdout in the preseason. (Image: Getty) Jacobs led the NFL in rushing last season, but the league’s top rusher won’t report to training camp. The Raiders slapped a franchise tag on Jacobs when they were unable to reach a contract extension this offseason. Jacobs doesn’t want to …

New numbers show total wagers on online casino games are beating sports-related betting in Ontario. Data from iGaming Ontario shows Ontarians placed CA$14 billion in total wagers in the second quarter of 2023. About $11.6 billion of that total was casino compared to $2 billion spent on sports. The remaining $350 million was attributed to peer-to-peer poker. Canada’s Ontario Province, home to Toronto (shown above), saw bettors place $14 billion in online igaming and sports betting wagers in the second quarter of 2023. (Image: Trip Advisor) The numbers are beginning to reveal a picture of the competitive market for online casino gambling and online sports betting, particularly because the Ontario …

Regulators in Vermont this week approved rules for newly legal sports betting in the state, setting the stage for sportsbooks to pursue operations. A “Welcome to Vermont” sign greets motorists. Vermont regulators this week approved procedures that will lay the groundwork for sportsbooks to begin operating in the state. (Image: Shutterstock) Vermont last month became the 38th state to legalize sports betting, and sportsbooks are expected to be operational by the end of this year or early next. The Vermont Liquor and Lottery Department voted this week to approve sports wagering procedures establishing requirements for operators. The department’s board of directors on Wednesday unanimously approved the procedures but acknowledged that …

Sure, Frank “Lefty” Rosenthal secretly ran the Stardust, Fremont, Marina, and Hacienda casinos in Las Vegas for the Chicago branch of the mafia from 1974 to 1978. That’s without even possessing a gaming license, ensuring the syndicate a “skim” of at least $1.6 million — and probably many times more. Sure, in the ’50s, he bought contracts to fix sporting events, earning multiple sports-bribery indictments. And sure, he was a suspect in multiple business and car bombings in Miami in the ’60s, which is allegedly why he fled to Las Vegas in 1968 in the first place. Frank Rosenthal testifies in front of a Sept. 8, 1961 Senate Investigations Subcommittee …

Only a few months ago, the UK’s Football Association (FA) handed soccer player Ivan Toney an eight-month ban for violating the organization’s sports betting rules. He faced 232 counts of misconduct, which could be a hint of what’s to come, now that Harry Toffolo potentially faces 375 counts. Harry Toffolo on the soccer field for Nottingham Forest during a game. He has to respond to allegations of multiple violations of the Football Association’s betting rules. (Image: Getty Images) The FA is investigating the Nottingham Forest defender for allegedly placing more than 375 bets between Jan. 22, 2014, and March 18, 2017. During those four years, Toffolo was with Norwich City, …

Vladimir Guerrero Jr. won the 2023 Home Run Derby at T-Mobile Park in Seattle, making the slugger from the Toronto Blue Jays a part of the first father and son duo to win the popular contest. 2023 Home Run Derby champion Vladmir Guerrero, Jr., first baseman from the Toronto Blue Jays, poses with the winner’s trophy in Seattle. (Image: AP) Guerrero Jr. entered this year’s Home Run Derby as the second favorite on DraftKings’ prop betting board at +370 odds. Two-time champion Pete Alonso from the New York Mets was the consensus favorite at +320 odds. When my family pushes me to do something, usually good things happen,” said Guerrero, …

After missing the first half of the season with a back injury, pitcher Carlos Rodon will make his debut with the New York Yankees Friday night. The team hosts the Chicago Cubs at Yankee Stadium in the Bronx. Pitcher Carlos Rodon, seen here during a rehab start with the Hudson Valley Renegades, will make his season debut with the New York Yankees on Friday. (Image: AP) Rodon will take the mound in game #89 of the season. It’s been a long-awaited debut for the lefty veteran. The Yankees are a -175 moneyline favorite against the Cubs, who will send ex-Yankees pitcher Jameson Tallion to the mound. In the off-season, the …