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PointsBet (OTC: PBTHF) announced investors overwhelmingly voted in favor of $225 million all-cash takeover offer for its US operations from Fanatics. Fanatics CEO Michael Rubin. The company is officially acquiring PointsBet US. (Image: Yahoo Sports) At the Australian company extraordinary group meeting (EGM) earlier today, 99.16% of PointsBet shareholders voted for the bid, which privately held Fanatics revised earlier this week, tacking on 50% to its original offer. The vote caps a tumultuous two weeks that saw DraftKings (NASDAQ: DKNG) enter the fray for PointsBet US, bidding $195 million in cash for the business. While DraftKings made an offer that was initially higher than what was proposed by Fanatics and …

All-Star guard Damian Lillard stated multiple times that he hasn’t requested a trade from the Portland Trail Blazers, but that hasn’t stopped the Miami Heat from relentlessly pursuing him, which in turn, has fueled trade rumors. Portland Trail Blazers guard Damian Lillard has been the subject of constant trade rumors over the past two seasons, including with the Miami Heat. (Image: Getty) Lillard signed a super-max contract extension with a no-trade clause, and he stated he intends to finish his career in Portland. He turns 33 in July and will earn $45.6 million this upcoming season. In the 2024-25 season, Lillard will earn $48.8 million. He gets a huge pay …

A potential doubling of the tax rate on sports betting is among the issues Ohio lawmakers are working to hash out as they aim to approve a new budget by the end of next week. Ohio Gov. Mike Dewine, pictured, above.DeWine is pushing for a tax increase on sportsbooks in the state after high performance in the first few weeks of operation this year.  (Image: Getty) Whether to increase the current tax rate from 10% to 20% is among hundreds of areas of disagreement between the state House and Senate in budget bills that passed each chamber this month. Republican Gov. Mike DeWine is pushing for the tax hike after …

News that crypto gamblers were placing bets on the website Polymarket on whether the lost Titan submersible would be found has caused outrage on social media. Debris from the OceanGate Titan submersible was found by the US Coastguard on Thursday, suggesting the vessel imploded shortly after it went missing. (Image: The Telegraph) Polymarket users had wagered more than $220k on whether or not the sub would be found in time, as first reported by Gizmodo on Thursday afternoon. Polymarket is a prediction site on the Ethereum blockchain that enables users to buy and trade “shares” in the outcomes of future events. Once the market has been resolved, users can cash …

The New Orleans are keen on guard prospect Scoot Henderson, which is why they’re rumored to trade up in the upcoming 2023 NBA Draft. The goal is to secure the #2 pick from the Charlotte Hornets in exchange for either small forward Brandon Ingram or power forward Zion Williamson. Forwards Brandon Ingram (14) and Zion Williamson (1) from the New Orleans Pelicans were linked in trade rumors with the Charlotte Hornets, who are exploring options to trade the #2 pick in the 2023 NBA Draft. (Image: Getty) The NBA Draft takes place on Thursday in Chicago. The Pelicans currently have the #14 pick, but would have to work out an …

DraftKings (NASDAQ: DKNG) on Friday unveiled a $195 million all-cash offer for PointsBet’s (OTC: PBTHF) US unit, topping a $150 million bid submitted by Fanatics a month ago. DraftKings stock is highlighted at the Nasdaq market site. The company made an offer for PointsBet US, besting a bid by rival Fanatics. (Image: Nasdaq) In terms of percentage, the DraftKings proposal bests the Fanatics offer sheet by 30%. The new bid was publicized nine days after eight of the top 10 institutional holders of PointsBet equity, which combine to control 44.58% of the shares outstanding, voted in favor of the Fanatics proposal. In a letter to PointsBet CEO Sam Swanell and …

Tax revenue from New York online sports betting has officially topped $1 billion. Taxes collected from the state’s online sports betting market hit $1,068,795,916 after The New York State Gaming Commission reported May numbers. The Empire State Building, above. The Empire State is raking in revenue from legalized sports betting. (Image: Getty) The Empire State took in more than $77.5 million in taxes last month, bringing current totals where they are today. New York launched online sports betting in January 2022 and hasn’t looked back. The Gaming Commission releases reports weekly and says gross gaming dollars have never dropped below $149.7 million in any week. The sports betting tax rate …

A brand new batch of 3,000 tickets is now on sale for the Mirage Zone grandstand at the Las Vegas Grand Prix, taking place Thursday to Friday, Nov. 16-18, 2023. The price is $2,200 plus taxes and fees per seat. A rendering of the Mirage Zone grandstands at F1’s Las Vegas Grand Prix. (Image: The Mirage Hotel & Casino Las Vegas) “Fans seated in the Mirage grandstands will have unrivaled views of the track on the Las Vegas Strip as the drivers come out of Turn 12 into Turn 13 during the race weekend. The Mirage and Hard Rock look forward to giving 3,000 attendees an unmatched hospitality experience as …

There’s a slew of NBA novelty bets for the Finals. But one that hasn’t surfaced is odds on whether Carmelo Anthony will have his jersey number retired with the Nuggets, Knicks, both, or neither. Nikola Jokic poses for a publicity photo (left). Carmelo Anthony looks to shoot a basket (right). (Image: Casino.org via Twitter) Before the Nuggets’ burly center, Nikola Jokic, emerged in his “15” jersey to become arguably the league’s best player, odd were if Anthony were to see his “15” jersey rise to the rafters, it would be the Nuggets doing the honors. Not so anymore, with Jokic now laying claim to 15, and finally landing on the …

New York Yankees starting pitcher Nestor Cortes is headed to the IL with a left shoulder injury. New York Yankees pitcher Nestor Cortes winds up against the Seattle Mariners at T-Mobile Park. (Image: Getty) The Yankees recently completed a six-game road trip on the West Coast. Cortes will undergo an MRI on Monday or Tuesday to gauge the severity of his shoulder injury, and he’s expected to miss a few starts. We don’t think it’s anything too major,” said manager Aaron Boone. “The last couple of times recovering in between, he’s had that achiness. That’s the trainers sense, that this is probably not surgery. But then again, we’re speculating there.” …