February 24, 2021
Almost seven months after launching into Colorado’s newly-legalized sportsbetting market and Canadian digital media innovator Score Media and Gaming Incorporated has now reportedly revealed that it will be going public via a Nasdaq float.
According to a Tuesday report from The Globe and Mail newspaper, the Toronto-headquartered firm has filed preliminary listing documents with the American bourse and plans to offer up to five million initial shares at a price still to be determined. The source detailed that this action could bring in up to $180 million the company intends to exploit so as to help expand its sportsbetting offerings.
Is 2021 Going To Witness A Majestic Rise In The USA Online Casino Market? bitrebels.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitrebels.com Daily Mail and Mail on Sunday newspapers.
Legalization Efforts Prompt the Rise of New Sports Gambling Options
Feb 15, 2021 3:40 PM ET Legal Newswire POWERED BY LAW.COM
More states are now introducing proposals and bills to further expand sports betting under new regulations, making online sports betting legal or removing certain restrictions. As the legal system slowly becomes more friendly towards online sports betting, states around the country turn towards the young and popular industry as a means for generating stronger tax revenue and improve budgets. For example, last year the progress made in Illinois in regards to online sports betting vastly expanded the mobile wagering options available to the state s 12.7 million residents, helping the state to generate millions. According to data from Odds.com, which was published by Forbes, Illinois was poised to generate upwards of USD 73 Million in taxable revenue if the estimates of a USD 488 Million annual market come to fruition. The 15% tax imposed on gaming
The Status of Gambling in the U S - Market Business News marketbusinessnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketbusinessnews.com Daily Mail and Mail on Sunday newspapers.
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Super Bowl LV may have been the biggest event in U.S. sports history in one category: legal sports betting.
This year, as many as 23 million Americans bet on the Kansas City Chiefs or Tampa Bay Buccaneers, according to the American Gaming Association. Bets on the underdog and eventual winners Buccaneers or on the defending champions, the Chiefs and on many other aspects of the game surpassed a staggering $4 billion.