More Information on a Possible DraftKings-Entain Merge has Surfaced

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  • DraftKings and Entain are two of the most powerful sports betting companies in the world. 
  • More information on a possible DraftKings-Entain merge has begun to surface this week. 
  • MGM Resorts International will need to give its approval for this merger to move forward. 

DraftKings continues working to expand. The major sports betting operator has been seeing impressive revenue figures lately. Today, we’ll discuss some of the details surrounding the possible DraftKings-Entain merge.

This would be one of the biggest moves in the history of the US sports betting industry. It would likely give DraftKings a major advantage in this industry.

Here’s what you need to know about this possible deal!

Reports on a Possible DraftKings-Entain Merge Begin to Surface

DraftKings was founded back in 2012 in Boston, Massachusetts. It initially offered only daily fantasy sports options before eventually breaking into the emerging US sports betting market. Today, it operates sports betting operations in several different states.

The past few years have turned DraftKings into a true powerhouse in the US gambling industry. Unsurprisingly, this company continues working to expand at a rapid pace. This week, reports on a possible DraftKings-Entain merge started to surface.

Officials at Entain have confirmed a takeover bid from DraftKings worth more than $20 billion. DraftKings appears interested in gaining control over the company’s numerous land-based sportsbooks around the world. It will also take control of Entain’s online gaming operations.

This news comes less than a year after MGM Resorts International’s $11 billion bid to take control of Entain. At the moment, MGM and Entain are partnered in US online sports betting operations. An official within MGM Resorts commented on the possible DraftKings-Entain deal to the media this week.

“MGM will engage with Entain and DraftKings, as appropriate, to find a solution to the exclusivity arrangements which meets all parties’ objectives,” the company said.

Many steps will need to be taken for this deal to get approved. We’ll be sure to offer updates on this possible situation over the next couple of months!

Sports Betting Revenue Continues to Increase

The US sports betting industry has expanded rapidly over the past couple of years. Half the country now has regulated sportsbooks up and running. Revenue from this industry has been steadily increasing since it began to expand in 2018.

The start of the 2021/2022 NFL season seems to be bringing in a massive surge of revenue from this industry. Tens of millions of bets were placed on the first week of games. Millions more have since been placed on the season.

September is expected to be the most successful month in history for the US sports betting industry. This is particularly true now that several more states formally launched their first sportsbooks. More are now preparing to do the same over the next few months.

Lawmakers in Florida and Connecticut are working to get their state’s sports betting industries operational. Several legal issues remain in the way of getting this done. Reports indicate both will have their first sportsbooks up and running within the next few months.

There are a huge number of popular online sportsbooks currently available throughout the entire country. Here’s a quick look at some of the best football betting options being provided online right now.

Best Week 3 NFL Betting Options Available Online Right Now

Many have been amazed to see the expansion of sports betting around the US. Not every state has a regulated sports betting industry set in place, though. Fortunately, there are some incredible online sports betting sites that are still available throughout the entire country.

Bovada is without a doubt one of the best around. It launched a decade ago and is well-known for providing a huge range of different football betting options. This online sportsbook is providing some fantastic odds on week three of the season.

Thursday’s game between the Carolina Panthers and Houston Texans is expected to be a good one. The Panthers (-400) are expected to get the win here by most analysts. The Texans (+290) continue working to improve their defense, however, and could end up pulling off the upset here.

Sunday’s game between the Tampa Bay Buccaneers and Los Angeles Rams is expected to be a good one. Tom Brady will be looking to bring the Buccaneers (-130) to a third-straight win. The Rams (+110) are also undefeated and some feel they are poised to pull off the upset.

Are you excited to hear about a possible DraftKings-Entain merge? Do you expect this deal to move forward? Let us know in the comments section below.

Kevin Oldroyd

A longtime sports and gambling enthusiast, Kevin looks to present up-to-date and reliable information for readers. If he’s not writing, he’s probably watching MMA or playing blackjack. ...

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