Posts From: August 2025

Novig secures $18 million in funding to scale peer-to-peer sports prediction market

Novig, the leading peer-to-peer sports prediction market in the United States, today announced the successful close of an $18 million Series A funding round. The round was led by Forerunner,...

Finance News
Flutter Entertainment reports Q2 revenue of $4.19 billion

Flutter Entertainment, the Dublin-headquartered owner of Paddy Power, has upgraded its forecast for full-year profit growth following a turnaround in US betting fortunes during the second quarter. After a six-month...

Finance News
North Carolina sports handle tops $6 billion

North Carolina sports betting reached approximately $6.4 billion in total wagers for the last fiscal year, according to the North Carolina State Lottery Commission, putting the total handle at almost $8.4...

Finance News
Virginia Lottery announces record revenues, payouts

The Virginia Lottery pulled in more than $901 million for public schools in fiscal year 2025, Gov. Glenn Youngkin announced this week. That money, which by law goes straight to...

Finance News
Penn Entertainment exceeds Q2 expectations

PENN Entertainment, Inc. reported strong financial results for the second quarter of 2025, with significant contributions from its interactive segment, which achieved record gaming revenue. The company highlighted stable customer...

Finance News
Former Prime Minister Gordon Brown backs gambling tax reform 

Gordon Brown has urged ministers to hike taxes on online casinos and slot machines to cover the cost of lifting children out of poverty. Reforms to gambling taxes could generate...

Finance News
DraftKings stock rallies after Q2 earnings report

DraftKings rose in post market trading after posting mixed Q2 results and revising its full-year guidance. Revenue increased 37.3% year-over-year in Q2 to $1.51 billion, driven primarily by continued healthy...

Finance News
Super Group report a 30% increase in revenue to $579 million

Super Group, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced its second quarter 2025 unaudited consolidated financial...

Finance News
Dutch gambling market sees drop in tax revenue after tax increase

The Netherlands Gambling Authority (Ksa) has conducted an impact assessment of the increase in gambling tax. Effective January 1, 2025, the gambling tax was increased from 30.5% to 34.2%. This...

Finance News
Banijay Gaming first half revenue tops €784 million  

Banijay Gaming’s H1 online sports betting & gaming revenue was up +12.3% to €785m, reflecting strong progression across all products and geographies,vs very high H1 2024 comparison base. Unique Active...

Finance News