online sports betting<\/a> in California in 2023 was scrapped.<\/p>\nEarlier this week, online sportsbook equities, including DrafKings, were dinged when Illinois resumed the requirement of in-person registration for mobile betting sites, a mandate that will force Chicago-area gamblers to drive hundreds of miles to complete that registration.<\/p>\n
Not a Lost Cause<\/h2>\n
The good news for DraftKings, Penn, and others wanting Bay State sports betting licenses is that the issue isn’t dead.<\/p>\n
Morgan Stanley’s Allen believes the recent sports betting effort suffered from bad timing and poor structure in the way it was proposed. That’s not because the Massachusetts Senate opposes the idea. He believes the state will pass sports betting early next year<\/strong>.<\/p>\nOther experts believe its possible sports wagering is approved there later this year, and that it will be spring 2021 when the first legitimate bets are placed.<\/p>\n","protected":false},"excerpt":{"rendered":"
DraftKings (NASDAQ:DKNG) stock traded lower Thursday, extending a slide that’s seen the name give up almost five percent over the past week. That’s after the Massachusetts State Senate balked at the inclusion of a sports wagering proposal included in a broader economic development package. That’s a stinging rebuke for DraftKings in its own backyard. The […]<\/p>\n","protected":false},"author":46,"featured_media":143292,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,1074],"tags":[],"acf":[],"yoast_head":"\n
DraftKings Suffers Setback in Massachusetts, its Home State<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n