Sports-betting measures Prop. 26, Prop. 27 on their way to losing big in California

Sports-betting measures Prop. 26, Prop. 27 on their way to losing big in California

Voters in California soundly rejected dueling sports-betting initiatives, which together raised more than $400 million, on Tuesday. Proposition 26, put forth by many of the state‚Äôs Native American tribes, would have allowed for sports betting at tribal casinos and four racetracks in the state. Proposition 27 would have legalized online sports betting in California and…

Flutter Entertainment lifts 2022 guidance for U.S. market

Flutter Entertainment lifts 2022 guidance for U.S. market

Flutter Entertainment PLC said Wednesday that it was upgrading its 2022 guidance for U.S. revenue after strong growth in the country and that group revenue for the third-quarter rose 22%. The Dublin-based gambling group said quarterly group revenue came to 1.89 billion pounds ($2.18 billion) compared with GBP1.44 billion a year earlier after U.S. growth…