DraftKings Keeps Buy Rating From Needham as Analyst Sees $35 Price Target
Needham kept its Buy rating on DraftKings and set a $35 price target, above the stock’s recent $22.47 close. Broader analyst consensus on DKNG remains Strong Buy.
Posts by Tyler Andrews
Feds say Emmanuel Clase tipped 18 pitches in New York betting case
Federal prosecutors in Brooklyn say they identified 18 pitches thrown by Cleveland closer Emmanuel Clase over 17 games as part of a gambling case tied to advance information for bettors.
Arizona budget proposal would raise sports betting tax to 45% at $75M monthly handle threshold
Arizona Gov. Katie Hobbs has proposed a major sports betting tax increase, though state regulators say the budget language needs clarification because the $75 million trigger refers to monthly handle, not revenue.
New York NFL Week 1 betting handle hits record $594.6 million as hold falls to 2.9%
New York mobile sportsbooks posted a record $594.6 million NFL Week 1 handle, but bettor-friendly results drove the statewide hold down to 2.9% and revenue to $16.96 million.
NFL says sportsbook ads during game broadcasts must promote approved products only
The NFL clarified that even official sportsbook partners cannot air broad brand-awareness ads during game broadcasts, and prediction market promotions remain off-limits across several league settings.
FanDuel departure leads latest gaming-industry executive shuffle as GeoComply, IGT name new leaders
A longtime Flutter executive is exiting, while GeoComply and IGT made major leadership changes in the latest round of gambling-industry hires and promotions.
