Betting On Fanduel

Happy Monday, everyone. There was plenty of sports betting news last week as legal states continue to hit new heights while others work toward legalization.

The LSR Podcast took a look at the recent US sports bettingmonthly handle record hit in October (we’ll know the final tally whenever results are available from sports betting in Illinois.)

You can legally bet on FanDuel Sportsbook via app and website in Tennessee, Illinois, Iowa, Michigan, New Jersey, Pennsylvania, Indiana, and Colorado. With one of the best sign up offers in the industry and a loyal base of daily fantasy players, FanDuel has already solidified itself as one of the Top 3 mobile betting apps in the US. FanDuel provides a wide range of sports betting options. From Australian Rules Football to Tennis, if you want to bet it, odds are FanDuel Sportsbook has it. Another reason they are a great sportsbook, their. FanDuel Strategy Course 103. FanDuel Players Club-A level system that rewards you based on entered contests. FDPs-FanDuel Points. Rewards-A collection of vouchers or promotions given. Free Agent-Level within the Players Club where you need more than 50 FDP. Practice Squad-Level within the Players Club where you need more than 125 FDP.

While the podcast is a great source of information each week, sometimes it’s finished before the biggest sports betting news of the week breaks as was the case last week. Be sure to follow @LSPReport on Twitter to keep up with the latest breaking news stories.

Top sports betting news: Flutter buys nearly all of FanDuel

Majority FanDuel shareholder Flutter will raise its stake to 95% with a $4.2 billion agreement.

The move could point to an eventual US listing of FanDuel. The deal gives FanDuel an enterprise value of $11.2 billion though it could be valued much higher if listed in New York. DraftKings is valued at $20 billion as its trading at 37 times its expected 2020 revenues.

Using the same multiple, a publicly listed FanDuel in the US could be valued at $31.5 billion.

The remaining 5% is owned by Boyd Gaming as part of a market-access deal.

Live Betting On Fanduel

Single-skin markets proposed in New York, Ohio

Both New York and Ohio are still working to legalize sports betting this year. Both are also looking at single-skin structures.

The latest Senate proposal for Ohio sports betting will include just one skin per casino to avoid the proliferation of gambling throughout the state, Sen. John Eklund said.

In New York, Sen. Joe Addabbo said it’s better to start negotiations at one skin per property given Gov. Andrew Cuomo‘s opposition to mobile betting in the past.

Assemblyman Gary Pretlow is with Addabbo in the fight to legalize mobile NY sports betting but doesn’t agree with a one-skin model:

“I know some of the casinos are advocating just one skin because they’re greedy, they think that they can be their own quote-unquote bookie, I don’t think that’s the case,” Pretlow said on a sports betting panel. “You don’t have to use all [available skins], nothing that says you have to do it but at least you have the opportunity to do it.”

Does anyone know when Michigan will launch online sports betting?

It’s been a tumultuous few weeks for anyone waiting for online sports betting in Michigan to launch.

At its November meeting, Michigan Gaming Control Board Executive Director Richard Kalm warned online sports betting and iGaming might not launch until 2021. That warning was because the Joint Committee on Administrative Rules hadn’t yet approved and returned the rules for both markets to the regulators.

JCAR did just that last week, though, which prompted a board spokesperson to suggest a 2020 launch was possible.

Now, MLive reports Kalm said 2021 is again the expected window:

“With the waive of the rules, I thought we were four weeks out, but we just sent out earlier this week – the same day as the JCAR (meeting) – an inquiry to the platform providers’ operators to give us how ready they are to go and what they’re going to have done. So we might be having to push that back, because we’re now looking at probably six weeks.”

Showing us MO of the same

Three proposals for sports betting in Missouriare already filed. If that seems fast, it’s because they are all bills introduced this year.

Sens. Denny Hoskins and Tony Luetkemeyer pre-filed the same bills for 2021 they did for this session. Sen. Caleb Rowden filed a bill that’s identical to HB 2318 last year.

Rowden’s bill is favorable to the sports betting industry. Penned by Rep. Phil Christofanelli last year, the bill calls for a 6.75% tax rate and an annual license fee of $20,000.

That’s higher than the 6.25% tax and $5,000 annual fee from Luetkemeyer, but his bill calls for a 0.75% integrity fee to leagues. Hoskins’ bill also would pay 0.25% in integrity fees to the leagues.

Projecting winners for single-game Canada sports betting

Sports betting in Canada is ready for a renaissance should its federal ban of single-game betting come to an end.

theScore Bet, operated by Toronto-listed Score Media and Gaming, could be one of the biggest winners. Its media app, which ties directly into its betting app, has 1.4 million users in Ontario alone.

A 10% market share there could add C$100 million in annual betting revenue to the company, Canaccord Genuity said.

Technology providers like DraftKings’ SBTech, GAN, Kambi and Scientific Games could also win big. Media companies like TSN and Rogers Sports might want a partner to convert viewers into sports bettors, Bragg Gaming Chief Strategy Officer Yanic Spielberg said.

Virginia sports betting goes live today with the launching of FanDuel Sportsbook in the state. This means you can now legally bet on sports on your laptop or home computer, as well as from an app on your phone if you’re within state borders.

Here is a quick guide on how to start online sports betting on your phone in Virginia.

Step 1: Sign up for FanDuel Sportsbook

FanDuel Sportsbook is the only show in town at the moment.

FD has a terrific sign up bonus for new users in Virginia, as the sportsbook will give you a $1000 Risk Free bet. If you lose your first wager with FanDuel, the book will give you a refund of up to $1000 in site credit within 72 hours of placing the bet.

To take advantage of this awesome offer and to sign up for the FanDuel Sportsbook app go here.

Step 2: Create a Virginia sports betting account

There is basic information you must provide to sign up for FanDuel Virginia. That includes:

• Name
• Address
• Email address
• Social security number

Step 3: Deposit money into your FanDuel Virginia account

To take advantage of your Risk Free bet offer you will need to deposit funds into your account. The minimum deposit amount is $10 and the maximum amount of money you can put in is $10,000.

• You will have to link your bank account with FanDuel Virginia by either entering your bank account routing number/account number or debit card number. If you have an account with a major US bank you should be all set. You can also link to most major credit cards.

Betting On Fanduel

Step 4: Place your first bet on your phone with FanDuel Virginia

After entering registration info and making a deposit into your account you are ready to bet on the FanDuel Virginia app on your phone!

• Simply open the FanDuel Virginia Sportsbook app on your phone and you will be able to sort through a variety of sports to wager on. These include major US sports offerings like the NFL, NBA, MLB and NHL. You can also bet on sports that aren’t as mainstream, like Australian Rules Football, cricket and even darts!
• When placing a wager, a “bet slip” will pop up on your phone. You can add other games to your bet slip and create a parlay – or you can just do a standard bet.
• Be sure to “Opt in” to any bonus offers FanDuel Virginia throws your way.