Shares of DraftKings increased 6.61% during February, while the S&P 500 was down 3.12% over the same period. Shares of Caesars Entertainment jumped 10.51% in February.
Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act in 2018, sports-betting companies have jumped in popularity.
DraftKings confirmed that it paid out more than $175 million in Super Bowl bets this February, as this year’s Super Bowl was the most bet on in the history of American sports. But the company would not specify exactly how much was bet on their sportsbook for the big game. “Legal online sports betting is projected to bring hundreds of millions in tax revenue annually to the state to address two of the state’s most pressing issues: homelessness and mental health,” said DraftKings CEO Jason Robins.See also: Bitcoin, ethereum — here’s how crypto prices changed in February
Penn recently disclosed that its 2021 workforce grew by roughly 20% year-over-year, but was still about 22% below 2019 levels.“The retail casinos are performing very well,” Sigdahl told Barron’s, referring to a 13% increase in same-store revenue despite the pandemic still being somewhat of a factor in casinos.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MLB owners poised to postpone opening day, extend lockout as union rejects 'final, best' offerUnion officials took the proposal to their player reps and, according to a source, they all agreed to reject it.
Read more »
S\u0026P 500 Forecast: March 2022Stock markets around the world have had a wild ride over the course of the month of February, so picking where we go next is going to be very difficult
Read more »
MLB cancels opening day, season’s first two series after players turn down final CBA proposalJUPITER, Fla. — Major League Baseball has canceled opening day, with Commissioner Rob Manfred announcing Tuesday the sport will lose regular-season games over...
Read more »
MLB cancels opening day, sides fail to reach lockout dealThe MLB has canceled opening day, with Commissioner Rob Manfred announcing the sport will lose regular-season games over a labor dispute for the first time in 27 years after lockout talks collapsed:
Read more »
Adele in 'talks with new Las Vegas venue' after cancelling Caesars Palace showsAdele is reportedly having conversations about moving her residency in Las Vegas to a bigger venue with better sound quality after she cancelled her shows at Caesars Palace in January.
Read more »
Invest in Gold If You're Unsure About CryptoGold is always a sure bet.
Read more »