All articles tagged with #online sportsbook
DraftKings stock dropped 5% following Illinois passing a new betting tax that could significantly increase the company's effective tax rate and impact its EBITDA, due to higher fees on high-volume wagers, raising concerns among investors about increased financial burdens for major online sportsbook operators.
ESPN BET, an online sportsbook, is set to launch on November 14 in 17 states in the United States. The platform will provide official odds for ESPN's editorial and other content. The launch will be accompanied by a creative campaign featuring SportsCenter anchors Scott Van Pelt and Elle Duncan. ESPN's Daily Wager program will also rebrand to ESPN BET Live starting November 10. Fans can enter a sweepstakes for a chance to win a trip to ESPN headquarters in Bristol, Connecticut.