Posts From: August 2025

Levr Bet secures $3m to build leveraged sports betting platform 

Levr Bet, has announced it has completed a $3 million round led by Blockchain Capital and Maven 11 for the world’s first leveraged sports betting platform. Building on Monad, the seed round...

Finance News
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
New York mobile sports betting revenue tops $330 million

The New York State Gaming Commission reported revenues of $330,165,964 in total online sports betting for the week ending August 3. New York sports betting launched in the Empire State in...

Finance News
Flutter upgrades full-year forecast as FanDuel steals the show

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

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