Gambling.com on the Verge of Acquiring OddsJam in Major Sports Betting Move
In a significant development for the online gambling industry, Gambling.com is reportedly close to finalizing a deal to acquire OddsJam, a startup known for its innovative technology in the sports betting landscape. This potential acquisition is poised to enhance Gambling.com’s footprint in the burgeoning sports gambling market, particularly as regulatory changes continue to broaden the landscape for betting in various states across the U.S.
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New Jersey Online Gamblers Embrace Digital Betting in October
In a significant shift towards online gambling, New Jersey saw a notable increase in digital sports betting and casino gaming during the month of October 2024. The state's regulated online gambling market continues to flourish, reflecting changing consumer preferences and advancements in technology that provide easier access to gaming activities.
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FanDuel Owner Flutter Surprises with Strong Sales but Signals Caution Ahead
In a recent earnings report, Flutter Entertainment, the parent company of popular sports betting platform FanDuel, outperformed sales expectations amid a fluctuating landscape for online gambling. The company revealed that its revenue for the recent quarter surged, reflecting Rising participation in online sports betting and gambling, particularly in the U.S. market.
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DraftKings Lowers 2025 Sales and Profit Forecast, Shares Plunge
In a significant turn of events for the online sports betting giant, DraftKings has announced a reduction in its revenue and profit forecasts for the year 2025. This unexpected move has sent shockwaves through the stock market, culminating in a sharp decline in the company’s share prices. The announcement comes as the company grapples with a rapidly evolving landscape in the gaming sector, where competition is intensifying and regulatory hurdles continue to emerge.
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