Ryan Butler
@ButlerBets
iCasino, sports betting and gaming industry corporate, legislative and financial news (plus occasional sports rants) for @covers. NoVa native, @UF Grad
Boyd is a regional brick-and-mortar operator firmly in the "pro" online casino gambling camp; despite selling its 5% stake in FanDuel, company officials Thursday reiterated they see an online future and will look to launch iGaming platforms in more markets
In 2018, Boyd Gaming made a $10 million investment in FanDuel that included sports betting & iGaming market access deals along with a 5% ownership stake. Boyd sold that stake for $1.76 billion less than seven years later.
Boyd doesn't plan to make a major M&A move with the $1.76 billion it received for the sale of its 5% FanDuel stake to Flutter in a major acquisition, $BYD CEO Keith Smith said during today's Q2 earnings call; instead, the company will focus on paying off debt
Boyd Gaming reports a roughly 12% year-over-year revenue decline for its Downtown Las Vegas properties from Q2 2024 to Q2 2025 in its most recent earnings report, partially due to an "unusually elevated" Q2 2024; $BYD saw gains in its Vegas "locals" & national regional properties
DraftKings will host its upcoming corporate earnings call at 8:30 am EST on Aug. 7, thirty minutes before ESPN BET operator PENN Entertainment is scheduled to host its earnings call
DraftKings will report its Q2 2025 earnings 8/6 after market close with an earnings call before market opens 8/7, per $DKNG release
MGM and Entain will give a BetMGM business update July 29, the day before $MGM is set to report full corporate earnings
Gambling tax deduction decrease repeal bill sponsor confirms she will be speaking at a Congressional committee hearing in Las Vegas Friday; this will be one of the most high-profile opportunities yet to get the loss deduction back to 100% from 90%
Americans deserve fair tax policy. That’s why I will be making my case for the FAIR BET Act this Friday in front of @WaysMeansCmte in @Vegas, the gambling capital of the country. Both sides of the aisle support this fix, and the Ways and Means Committee is the first hurdle to…
This comes after courts sided with Kalshi in Nevada and New Jersey in lawsuits Kalshi filed; now California tribes are going after the prediction markets in a case that is poised to shape the industry's future
BREAKING: Three federally recognized California Indian tribes have sued Kalshi and Robinhood in CA federal court, alleging that the two companies are unlawfully engaging in sports betting by offering sports-outcome event contracts on the tribes’ Indian lands in violation of IGRA.
DraftKings has the highest "satisfaction benchmarks" among six leading US sportsbooks, per the inaugural American Customer Satisfaction Index survey of sports betting & iGaming released this month: 1) DraftKings 2) BetMGM 3) FanDuel 4) ESPN BET & Fanatics (tie) 6) Caesars
Live Colorado mobile sportsbooks: Bally Bet bet365 Bet Monarch BetMGM BetRivers Caesars Circa DraftKings ESPN BET FanDuel Fanatics Hard Rock Sportrade
Colorado now has 13 live mobile sportsbooks following Monday's Hard Rock launch. It had 26 live books 3 years ago.
👀👀The FAIR BET Act (gambling tax deduction limit repeal bill) note: The House Ways & Means Committee, where the bill now sits, will have a "field hearing" 7/25 in Las Vegas to highlight the "One Big Beautiful Bill" I'm willing to bet the FAIR BET Act will also be discussed...
ICYMI: Hard Rock Sportsbook is now live online in nine states following yesterday's Colorado launch: Arizona Colorado Florida Illinois Indiana New Jersey Ohio Tennessee Virginia
Friendly reminder: you can still get plus odds for the Brewers to win the division over at @potawatomi_mke.
Something to watch for Minnesota's 2026 sports betting efforts: DFL state Sen. Nicole Mitchell will resign next month, creating a tie in the state senate; if Republicans win a special election (which will likely be scheduled later their year) they would control the Senate in 2026
Some notable upcoming gaming company Q2 earnings dates: Boyd - July 24 Caesars - July 29 MGM - July 30 PENN - August 7 Fluter (FanDuel) - August 7 DraftKings - TBA
Sportsbooks that have applied for Missouri licenses and/or announced market access deals: bet365 BetMGM Circa DraftKings FanDuel Underdog Other likely/potential sportsbooks*: Bally Bet BetRivers Caesars ESPN BET Fanatics Hard Rock *Not an exhaustive list
Missouri sports betting latest: no opposition to state's proposed sportsbook rules at a public hearing today, a not-so-surprising (largely perfunctory) development that nevertheless keeps Missouri moving along to its Dec. 1 mobile sports betting launch