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MGM Reports Strong Q2 2026 on Digital Growth and Las Vegas Strip Performance
MGM's second-quarter results show consolidated revenue of $4.5 billion, driven by digital expansion and Las Vegas Strip strength, though regional casino performance declined.
Morgan Stanley Cuts DraftKings Price Target on Prediction Market Spending Plans
Morgan Stanley analyst Stephen Grambling lowered his price target on DraftKings to $36 from $39, citing the operator's substantial spending on prediction market expansion and weaker-than-expected second-quarter earnings.
Florida Lottery Reports Three Seven-Figure Winners from April Draw Period
The Florida Lottery has released details on its biggest April winners, including a $5 million Crossword Cash prize and two additional seven-figure payouts across scratch-off games.
New York Public Remains Split on Sports Betting Despite Growing Market Revenue
A Siena poll shows 40% of New Yorkers view online sports betting negatively versus just over 20% positively, even as the state generates over $1 billion in annual tax revenue and participation reaches 25% of residents.
Macquarie Projects Prediction Market Volume to Hit $1.5 Trillion by 2030
Investment bank Macquarie forecasts prediction market turnover will reach $1.5 trillion by 2030, potentially generating $50 billion in annual industry revenue as competition intensifies among sportsbooks and financial platforms.
China's World Cup Betting Surge Masks Deeper Market Realities and Soccer Ambitions
Chinese bettors wagered US$11.6 billion through legal channels during the 2026 World Cup despite their national team's absence, but the figure likely understates actual gambling activity.
Mega Millions Jackpot Approaches $800M After Two Match 5 Winners Emerge
The Mega Millions lottery jackpot continues to climb toward $800 million after no top-prize winner in Tuesday's drawing, though two players secured seven-figure Match 5 prizes.
Alberta's First Week Generates 3.2M Geolocation Checks as 100K+ Residents Register
GeoComply reported over 3.2 million geolocation compliance checks across Alberta's newly regulated iGaming market in its opening week, with World Cup finals driving peak engagement.
Kalshi Valuation Surge Could Push Trump Jr Stake Toward Billion-Dollar Territory
Donald Trump Jr's $300,000 equity stake in prediction market Kalshi has appreciated dramatically as the company's valuation climbed from $2 billion to $22 billion in under 18 months.