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The Week In Sports Betting: Penn National Pulls An MGM, DraftKings Sportsbook Gets Lonely

Sports betting news Chernin Group One of the country’s newest gambling providers has been the one seeding all those newsclouds over the last 10 days or so. This week, we found out that DraftKings has an office in San Francisco. Don’t freak out, we had no clue either. That’s its fourth office in the US (Boston, Manhattan, Hoboken), and it wants to open a fifth one in Las Vegas, too. Does that mean DraftKings has plans for Nevada sports betting ? That seemed pretty unlikely not so long ago, but who even knows anymore? It’s also worth noting that DraftKings Sportsbook is still the only mobile option for NJ sports betting . The platform launched on August 1, which seems like ages ago at this pace. To date, it has yet to see a competitor join it in the market.

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Will Sports Betting Drive Gaming Growth in 2018?

Sports book odds. Sports betting is coming to casinos across the country, but it may not be as big a deal as you think. Gaming companies have been extremely excited about the Supreme Court's decision earlier this year to allow sports gambling across the U.S. MGM Resorts ( NYSE:MGM ), Boyd Gaming ( NYSE:BYD ), and Caesars Entertainment ( NASDAQ:CZR ) have already announced sports book expansions, both in casinos and online, and that's just the early movers . While sports betting might be getting attention from the public, it isn't a very big business for casinos yet. In Nevada, sports betting wins for casinos were just $329.1 million, which pales in comparison to games like baccarat and blackjack, which pulled in $1.24 billion and $1.17 billion, respectively.

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