Sports betting

The big picture

Sports bettors may be a driving force behind the stock market surge

With no live sports, they're looking for another thrill.

Jun 9, 2020
Sports betting, two years later

18 states and counting have legalized it, launching an explosive new industry.

May 14, 2020
The growth of mobile sports betting

The best way to reach the vast majority of average sports fans is through their phones.

May 8, 2020
The states that have legalized sports betting

Colorado will become the 18th state with a regulated sports betting market.

Updated Apr 14, 2020
The NFL's slow embrace of sports betting

Last September the league asked for congress to step in.

Sep 4, 2019
How on-site sportsbooks could transform stadiums

Sports venues are among the most underutilized pieces of real estate on Earth.

Jun 19, 2019

All Sports betting stories

May 28, 2020 - Sports

Sports betting stocks are surging despite the lack of live games

Data: FactSet; Chart: Axios Visuals

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%.

Apr 17, 2020 - Sports

DraftKings inches closer to going public

Illustration: Rebecca Zisser/Axios

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.

Mar 17, 2020 - Sports

Coronavirus sends sports betting scrambling

Illustration: Aïda Amer/Axios

Sportsbooks are flummoxed over what to do about the lack of sports events.

Why it matters: 2020 was supposed to be the year that sports betting really took off, with many more states expected to legalize betting in coming months.

Mar 10, 2020 - Sports

Horse racing rocked by charges against 27 people in doping scandal

Illustration: Eniola Odetunde/Axios

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.

Feb 21, 2020 - Sports

The Deontay Wilder-Tyson Fury fight is the rematch of the century

Illustration: Eniola Odetunde/Axios

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.

Media companies eye sportsbook partnerships to juice engagement

Illustration: Aïda Amer/Axios

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.