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Colorado will become the 18th state with a regulated sports betting market.Updated Apr 14, 2020
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Despite the lack of live games, sports betting stocks have performed particularly well over the past month, highlighted by fantasy sports/betting platform, DraftKings, and gaming operator, Penn National.
By the numbers: Since going public on April 24, DraftKings' stock is up 82%, while Penn National Gaming — which acquired Barstool Sports in January — is up 130%.
DraftKings is one step closer to going public, after the SEC approved its reverse merger with blank-check acquisition company Diamond Eagle and sports betting enterprise solution SBTech.
What's next: Diamond Eagle's shareholders will vote April 23 on the merger, which is expected to go through.
27 horse racing employees (trainers, veterinarians and others) were charged Monday in a "widespread, corrupt" doping scheme that cheated the betting public and likely contributed to the rise in racetrack fatalities.
The state of play: Among those charged was Jason Servis, the trainer of Maximum Security, the horse that won last year's Kentucky Derby but was disqualified for impeding the path of two other horses.
The weekend's biggest sporting event is Wilder-Fury II, which despite its name is not an action movie sequel starring Jean-Claude Van Damme but, rather, a boxing match starring arguably the two best heavyweights in the world.
The backdrop: In their first meeting in December 2018, Deontay Wilder and Tyson Fury put on a memorable show at Staples Center, with Fury surviving a brutal right hand in the 12th round to earn a split-decision draw.
Almost all major media companies are teaming up with sportsbooks to juice their content offerings.
Why it matters: The partnerships allow media organizations to increase engagement while sportsbooks can acquire more customers.