iBET ETF Insights: During a conference call to report 4th quarter results, Churchill Downs officials said the company will discontinue its online sports betting and internet gaming operations. However, Churchill Downs will still offer retail, and brick-and-mortar sportsbooks. Churchill Downs CEO Bill Carstanjen said, “continued efforts in online sports betting and iGaming by the company […]
Day: March 1, 2022
Caesars Sportsbook pulling back from advertisementCaesars Sportsbook pulling back from advertisement
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iBET ETF Insights: Caesars executives have stated that they will pull back from advertising and look more toward profitability. CEO Tom Reeg said, “You’re going to see our commercials largely disappear from your screens.” they still have some March Madness slots they could not get out of. Reeg also stated, “We have accomplished what we […]
Bill announced to legalize sports betting in KentuckyBill announced to legalize sports betting in Kentucky
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iBET ETF Insights: Bill makers in Kentucky are taking another shot at passing a proposal for legal sports betting, adding a package of gambling-related measures that will hopefully finally allow for legalization. Supporters of the previous bill estimated that legalization would bring in about $22 million in yearly revenue. The bill brought forward Monday looks […]
California Voters leaning towards Sports Betting LegalizationCalifornia Voters leaning towards Sports Betting Legalization
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iBET ETF Insights: A recent poll showed that 45% of voters would support legalization, with 33% who are opposed, and 22% of people who are undecided on the matter. The effort to legalize sports betting in California has been in the works since 2018, when the Supreme Court amended the federal law that banned all […]