Where is Sports Betting Legal? | DraftKings Sportsbook
Sports betting now legal in Tennessee - WDBJ
is draftkings legal in tennessee
is draftkings legal in tennessee - win
GMBL- UP OVER 50% from my last post 5 days ago
This was given an 11 price target (closed over that today) but I think this will be a good long term hold and here is why. The CEO/founder has been involved with online gambling since 1996(!!!). Also, their CIOJohn Brackens was an Activision Blizzard networks manager. They've been in purchase mode recently and bought ggCircuit, a B2B cloud-based management for LAN centers, a tournament platform, and integrated wallet/point-of-sale solutions for enterprise customers. ggCircuit has over 1,000 connected locations and has worked with enterprises such as GameStop, Dell, Best Buy and Lenovo as well as universities such as Ohio State, Syracuse and North Carolina. Their ggLeap product has over 60 million hours of usage by over two million unique gamers on tens of thousands of public gaming screens inside centers worldwide. Also, they bought Helix esports. Helix eSports owns five esports centers, including two of the five largest centers in the US, where they deliver world-class customer service, esports programming and gaming infrastructure. ALSO, they bought Esports Gaming League (EGL). HAS OVER 350K registered gamers. "EGL is a great addition to our growing operations and further strengthens our ability to execute on our three-pillar strategy," commented Grant Johnson, CEO of Esports Entertainment Group. "EGL technology underpins the esports programs for some of the world's best-known sports franchises, including the LA Kings, Philadelphia Eagles, and Arsenal Football Club. We plan to build on this strong foundation moving forward, driving near-term revenue growth and long-term shareholder value improvement." You see the trend, and there is more companies than I listed purchased in the past twelve months. Another thing to consider: -$4.3 Billion in Bets Placed on Super Bowl LV Online bets skyrocketing up by 63% with no signs of slowing -36 million more Americans can now legally bet compared to one year ago, with the addition of Colorado, Illinois, Michigan, Montana, Tennessee, Virginia and Washington, DC. How does this translate to this company? People are showing a willingness to bet and it's available to a wider audience than ever before. Here is what I posted before: Business: egaming platform for gambling and tournaments. They also have other gambling functions, I believe egames you can gamble on is something they just bought (lucky dino). They also partnered with the Philadelphia eagles to provide esport tournaments, last month I believe, first partnership with a professional team and an egaming gambling site(this was prior to SKLZ). More partnerships could lead to growth as no other professional franchises have a partnership yet for tournaments. Financials: heavy dilution this past year, just started generating revenue in Q3, negative net income. The company they just bought is internet gambling site they just bought had 21M in revenue last year, est 28M for 2021. Company has very low debt, biggest liability is warrant liability of a few million. 8M of cash on hand, could get through at least 2 quarters without any additional positive cash flow (potentially some more dilution i would imagine). Small institutional ownership (1%) but large insider ownership (35%) Financials drop Feb 20th, so some DD on this let me know what you think. This company is worth around 150M(on 2/8), for comparison draftkings is over 46B and cathie wood also entered this sector buying draftkings so this could be on her list also.
[Offer] Draftkings sportsbook $50 and free $100 bet from them + $20 from me
Available in Colorado | Illinois | Indiana | Iowa | New Hampshire | New Jersey | Michigan | Pennsylvania | Tennessee | Virginia | West Virginia New users double their money up to $50 if either team scores a TD in the superbowl, so that's a $50 bet to make $50. Their has never been a superbowl game without a touchdown If you use my link and deposit $100, you'll also get a $100 free bet, this offer has no risk because after you deposit the $100 you can withdraw it immediately and still get the $100 bonus from DraftKings. They also have risk free blackjack for new users. If you are interested $bid and I'll DM you my link to get started. USA only, must be in a state where draftkings sportsbook is legal. If you already have draftkings I have refer a friend offers for other places as well. Such as betfair, tropicana casino, betmgm, FanDuel, etc. I also have various betting offers for various other sites Link: https://sportsbook.draftkings.com/sb/miketheeditoUS-NJ-SB
[Offer] Draftkings sportsbook $50 and free $100 bet from them + $20 from me
Available in Colorado | Illinois | Indiana | Iowa | New Hampshire | New Jersey | Michigan | Pennsylvania | Tennessee | Virginia | West Virginia New users double their money up to $50 if either team scores a TD in the superbowl, so that's a $50 bet to make $50. Their has never been a superbowl game without a touchdown If you use my link and deposit $100, you'll also get a $100 free bet, this offer has no risk because after you deposit the $100 you can withdraw it immediately and still get the $100 bonus from DraftKings. They also have risk free blackjack for new users. If you are interested $bid and I'll DM you my link to get started. USA only, must be in a state where draftkings sportsbook is legal. If you already have draftkings I have refer a friend offers for other places as well. Such as betfair, tropicana casino, betmgm, FanDuel, etc. I also have various betting offers for various other sites Link: https://sportsbook.draftkings.com/sb/miketheeditoUS-NJ-SB
Betting in Tennessee is finally legal and my first bet is on our boys!
First of all if you have issues with gambling please do not use this as a justification to gamble more and seek some help, it can be a very serious issue that ruins people's lives. Today is officially the first day of legal sports book betting in Tennessee and I was building up a good little parlay bet to include our boys when I noticed that Draftkings had a no brainer bet, increased odds to +100 for the Titans to score a touchdown during the game. I couldn't say no to that! I'm not a serious gambler like 10-20 dollars at a time max and when I lose I usually stop for a while to keep myself in check. Looking forward to one more reason to cheer on the boys tomorrow and in the future. Let's get that win and roll to the playoffs!
Tilman Fertitta took his online gaming company Golden Nugget public using a SPAC. There are definitely some question marks surrounding the deal (Tilman owns both companies and received a $30m payout from the deal) but I think the e-commerce/stay-at-home trends and multiple upcoming catalysts will push this stock into the 50's in the short-term. Upcoming catalysts -
Name/ticker change: the company is currently trading as Landcadia Holdings II ("LCA") but will switch to Golden Nugget ("GNOG") any day. The name change will show progress, make it easily recognizable, and will increase investors willingness to buy.
Resumption of professional sports: the NBA starts in 20 days which will boost revenue for GNOG and push the stock higher.
COVID: should expedite the approval of state IGaming and Sports Betting legalization in order to promote social distancing. Older folks will return to casinos slower than the rest of the population due to safety concerns. Additionally, Vegas has started to reclose restaurants/casinos pushing people online.
Michigan and Pennsylvania: GNOG will expand IGaming operations to these two states late 2020/early 2021. Many more states to come.
Other States: Illinois, Michigan, Tennessee, and Virginia have legalized sports betting in the past year while 14 other states are currently considering it. Again, many more states to come.
Net income: stay-at-home trends in combination with continued legalization of sports betting/IGaming will propel net income growth.
CNBC: Tilman is very well known due to his almost weekly "TilmanTuesday" CNBC appearances. I expect this stock to get a lot of press in the coming weeks as a result.
“On Tuesday, Tennessee Education Lottery (TEL) CEO Rebecca Hargrove said it is aiming to launch the state’s sports betting market by 1 November at the latest. This means that Tennessee residents will be able to legally bet on sports during the upcoming football season. Sports betting became legal in Tennessee in May 2019 and since then, Colorado, Illinois, Iowa, Michigan, Montana and New Hampshire all managed to legalise and launch their sports betting markets. Licensing updates During Tuesday’s Sports Wagering Advisory Council meeting, Hargrove revealed that four operators and approximately 20 vendors and suppliers have applied for licenses. The names of the operators were not disclosed; however, media sources say that BetMGM, DraftKings and FanDuel have applied for a license. The fourth company is Tennessee Action 24/7, a local Tennessee company that offers free-to-play games. On Tennessee Action 24/7’s website, a message says that the TEL is “currently processing our Sports Gaming Operator license application.” In its latest quarterly report, MGM resorts revealed that it currently has market access and plans to launch sports betting operations in Tennessee later this year. Online sports betting only Unlike other states with legal betting, Tennessee’s sports betting laws only permit online and mobile sports betting. Tennessee is the only state to legalise online-only sports wagering, which makes it an outlier in the wider US gambling market.” https://www.compare.bet/news/tennessee-sports-betting-to-go-live-on-1-november
“On Tuesday, Tennessee Education Lottery (TEL) CEO Rebecca Hargrove said it is aiming to launch the state’s sports betting market by 1 November at the latest. This means that Tennessee residents will be able to legally bet on sports during the upcoming football season. Sports betting became legal in Tennessee in May 2019 and since then, Colorado, Illinois, Iowa, Michigan, Montana and New Hampshire all managed to legalise and launch their sports betting markets. Licensing updates During Tuesday’s Sports Wagering Advisory Council meeting, Hargrove revealed that four operators and approximately 20 vendors and suppliers have applied for licenses. The names of the operators were not disclosed; however, media sources say that BetMGM, DraftKings and FanDuel have applied for a license. The fourth company is Tennessee Action 24/7, a local Tennessee company that offers free-to-play games. On Tennessee Action 24/7’s website, a message says that the TEL is “currently processing our Sports Gaming Operator license application.” In its latest quarterly report, MGM resorts revealed that it currently has market access and plans to launch sports betting operations in Tennessee later this year. Online sports betting only Unlike other states with legal betting, Tennessee’s sports betting laws only permit online and mobile sports betting. Tennessee is the only state to legalise online-only sports wagering, which makes it an outlier in the wider US gambling market.” https://www.compare.bet/news/tennessee-sports-betting-to-go-live-on-1-november
DraftKings Sportsbook Tennessee Is Now Live Legal sports betting in Tennessee has finally arrived, and coinciding with the launch of the state’s betting platform is the official unveiling of... Is Sports Betting and DraftKings Legal in Tennessee? Yes. Sports wagering was made legal in the state of Tennessee in 2019. The sportsbook launched on 1 st November 2020. We are regulated by the New Jersey Division of Gaming Enforcement as an Internet gaming operator in accordance with the Casino Control Act N.J.S.A. 5:12-1 and its implementing regulations. DraftKings is a global sports technology and entertainment company whose Daily Fantasy Sports contests are governed by both federal and state law. Federal law specifically exempts fantasy sports contests from the prohibitions of the Unlawful Internet Gambling Enforcement Act, or UIGEA. Online sports gambling became legal in Tennessee, which has no brick-and-mortar gambling venues, on July 1, 2019. The law took effect without the signature of Gov. Bill Lee, who said at the time Sports betting now legal in Tennessee Three of the four initial operators, DraftKings, FanDuel and BetMGM, completed all the requirements to launch Sunday, according to the lottery. Tennessee legalized online-only sports gambling in 2019 and made its industry debut on Nov. 1, 2020 with four sportsbook operators: BetMGM, DraftKings, FanDuel and Action 24/7. DraftKings Sportsbook DraftKings rose to prominence as one of the “big two” in daily fantasy sports, and it leveraged that position into becoming one of the top destinations for bettors in states with legal betting. It was one of the first sportsbooks to launch in Tennessee. Is DraftKings Sportsbook legal? Yes, if you are in a state that has legalized sports betting. In 2018, the Supreme Court struck down a law blocking sports betting, and leaving legality up to individual states. Sports gambling may soon become legal across the United States, but currently, each state is going through the individual legal process. While DraftKings Sportsbook was the first operator to gain approval to operate in Tennessee, it was one of three total sportsbooks to go live with the state’s official rollout on Nov. 1, 2020....
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