Daily fantasy sports companies FanDuel and DraftKings went to NY court today over the future of fantasy sports in the state. CNBC's Eric Chemi has the details.» Read More
Revenue from Internet gambling in the United States since 2013:. Fiscal year 2014: $1.4 million. Sources: New Jersey Division of Gaming Enforcement; Delaware State Lottery; Nevada Gaming Control Board.
Online gambling revenue is increasing in at least two of the three states that currently offer it— New Jersey and Delaware. The third, Nevada, doesn't report Internet revenue separately. "Internet gambling revenue in Delaware, Nevada and New Jersey badly missed initial forecasts, which themselves were overly aggressive," said Chris Krafcik, research director...
CNBC's Eric Chemi reports on the stakes of the legal battle for daily fantasy sites, as DraftKings and FanDuel could be shut down in New York immediately.
Eric Fisher, reporter for the Sports Business Journal, talks about fantasy sports games operators Draft Kings and Fan Duel which have been suspended from operating in New York.
GENEVA— Switzerland and the United States have split the take of nearly $50 million following the break-up of an illegal online gambling service. The Swiss Justice Ministry says the assets have been divided up following plea agreements in 2009 between the U.S. government and top executives of BetOnSports facing racketeering and other charges.
ATLANTIC CITY, N.J.— Atlantic City's casinos saw their gross operating profits increase by 61 percent in the third quarter of this year. Figures released Monday by the state Division of Gaming Enforcement show the eight casinos turned a collective profit of $237.4 million in July, August and September. "These results show that casino operations are stabilizing...
TRENTON, N.J.— In a story Nov. 21 about New Jersey's partially privatized lottery, The Associated Press incorrectly reported the lottery's fiscal year 2015 revenue. Lawmakers putting New Jersey's struggling lottery under a microscope. TRENTON, N.J.— The partial privatization of New Jersey's lottery under Gov.
TRENTON, N.J.— The partial privatization of New Jersey's lottery under Gov. The Senate oversight committee is holding a hearing Tuesday on the lottery's performance and the state's contract with Northstar, the vendor hired to oversee sales and marketing. Higher costs associated with the company have cut the state's income for the second straight year,...
CNBC's Eric Chemi looks at how the crackdown on daily fantasy sports sites can even affect Yahoo, but it still could be a positive.
Illinois has not been paying lottery winners of $600 or more since October, due to a state budget impasse between the Republican governor and the Democratic-controlled legislature. Illinois had initially stopped paying winners of $25,000 or more in September. The money is there, "said Thomas Ioppolo, an assistant Illinois attorney general.
SPRINGFIELD, Mass.— The price tag for MGM's planned resort casino in the city continues to climb. Now MGM Resorts International President Bill Hornbuckle says the projected cost of the development has ballooned to more than $950 million despite the company's efforts to propose cost-saving design changes. "The reality is that this project will exceed $950...
Fantasy website FanDuel is shutting down its New York operations, reports CNBC's Sue Herera.
The state's attorney general last week declared the games to be illegal gambling and demanded they stop taking money from New Yorkers.
CNBC's Dom Chu reports the details behind FanDuel and DraftKings failing to get a restraining order.
DraftKings and FanDuel are seeking temporary restraining orders in order to continue operating in New York.
CNBC's Sue Herera reports the latest developments out of FanDuel.
FanDuel has reportedly filed suit against the New York attorney general's office to keep the games going, with CNBC's Eric Chemi. Tom Griffiths, FanDuel co-founder, spoke out at the protest.
FanDuel faithful are gathering outside the offices of the New York attorney general to protest a potential ban in the Empire State.
Joe McKeehen, WSOP Main Event Champion, discusses the big win, and skill versus luck. Of the $7.7 million he won, he says he will keep "a pretty large amount."
Fantasy football falls nowhere near gambling, but instead relates more closely to day time trading or investment, Eaton says.