sportsbook

In its second year as an official partner of the Kentucky Derby, FanDuel experienced increases in key metrics across the board on the first Saturday in May. Highlights include: Double digit year-over-year growth for active account holders, a record for the Kentucky Derby and the biggest day of racing ever for FanDuel Group. Peak bets on Saturday were at Super Bowl levels and the wagering platform performed without interruption. More than 700k customers bet the Kentucky Derby with FanDuel Group (last year was ~500k). Estimated over 200k customers bet on...

FanDuel announced that its customers can access both parimutuel wagering on horse racing and traditional sports book wagering with a single account after a successful soft launch last week. FanDuel Sportsbook becomes the first to offer this feature, as users will be able to wager on and stream racing coverage from FanDuel TV and other related content. In addition to live horse racing, FanDuel Sportsbook customers will also be able to wager on the Kentucky Derby for the first time through the integrated platform in 2023. Prior to this innovation,...

A panel of sportsbook operators was decidedly bullish on the near-future prospect of fixed-odds horse race wagering during a discussion titled "Integrating Horse Racing into the U.S. Sports Betting Environment" during Tuesday's Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program in Tucson. But even though they acknowledged a transition from pari-mutuels would likely take several years and that fixed odds and pari-mutuels could coexist in some hybrid future form, now is the time to start taking baby steps in that direction, largely because America's...

After a months-long $400 million plus war of attrition between the two rival California sports wagering measures on this year's ballot, the endgame was a stalemate, both beat down into the muddy trenches--just as the polling had indicated. The Associated Press made the call that both measures are sunk, though the official tally is far from in. With less than 50% of the ballots counted as of writing, roughly 70% voted against Proposition 26, and some 83% voted against Proposition 27. "Ugly," said Pat Cummings, executive director of the Thoroughbred...

Hawthorne Race Course and PointsBet have been approved by the Illinois Gaming Board to open the state's first off-track and non-casino sportsbook beginning Jan. 27. The newly remodeled Club Hawthorne in suburban Crestwood is part of Hawthorne's off-tracking betting (OTB) network, and is the first of three such OTB locations that will open under Illinois' sports betting law. "Hawthorne is the only gaming company in the Chicagoland area that is able to open sportsbooks at off-track and non-casino locations, so this is an opportunity on which we focused a lot...