Friday, May 22, 2026
    More
    Quick Hits

    Seizing the Market

    By
    Sep 28, 2020 | 08:09 pm
    UPDATED Sep 28, 2020 | 09:15 pm
    Gary A. Vasquez-USA TODAY NETWORK

    A blockbuster sports betting deal could be in the works as Caesars Entertainment has made a $3.7 billion offer to take over U.K.-based William Hill. Caesars currently owns 20% of the two companies’ joint U.S. venture.

    At the price offered, William Hill’s board of directors said “they would be minded to recommend” the deal to shareholders. The acquisition likely wouldn’t close until the second half of next year, but William Hill’s shares dropped 12.43% since market close Friday.

    William Hill’s online wagering technology, which includes sports betting and virtual casino games, has stayed strong despite European storefronts closing during the pandemic. Caesars’ main goal is to keep William Hill’s U.S. assets and betting technology, but it could sell its international operations.

    Projected Share of $18 Billion U.S. Sports Betting Market in 2025: 

    28% — Flutter Entertainment, owners of FoxBet and FanDuel

    20% — DraftKings

    12% — Caesars

    This field is for validation purposes and should be left unchanged.

    Sign up for
    The Memo Newsletter

    Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    U.S. Senator Richard Blumenthal (D-CT) speaks with the press after the Republican-controlled U.S. House of Representatives passed bipartisan legislation to fund Department of Homeland Security agencies including the Secret Service and Transportation Security Administration in a move to end the partial shutdown that has gripped their operations for nearly 11 weeks, on Capitol Hill in Washington, D.C., U.S., April 30, 2026.
    by

    Critics Warn Kalshi and Polymarket Risk a Juul-Style Reckoning
    Their advertising methods came under fire from lawmakers this week.
    Mark Cuban
    by

    Mark Cuban: ‘Betting Isn’t the Problem’
    These wagers have been behind the recent MLB and NBA gambling scandals.
    Jun 12, 2025; Washington, DC, USA; Gov. Tim Walz (D-MN), left, alongside Gov. JB Pritzker (D-IL), right, and Gov. Kathy Hochul (D-NY), not shown, testify before the House Committee on Oversight and Government Reform during a hearing on state immigration enforcement policy in Washington, D.C., on June 12, 2025.
    by

    Trump Admin Sues Minnesota to Block Prediction-Market Ban
    Minnesota is the sixth state the federal regulator has sued.
    DraftKingsApp
    by

    DraftKings Cofounder: Kalshi Is Years Away From Competitive Product
    Kalshi responded with a gif from the movie “Mean Girls.”

    Featured Today
    by

    Big Money on the Line on Premier League’s Final Day
    Arsenal has won the title, but millions are still at stake.
    Texas State mascot
    May 22, 2026

    Mascot-Reveal Videos Are the Newest College Sports Tradition
    Student mascot unmasking videos are going mega-viral.
    Charlie Pliner and Nikolas Rohrmann
    May 22, 2026

    How 2 Brown Undergrads Became Sports Dealmakers
    An experimental project turned into a permanent course and business deal network.
    May 14, 2026

    NFL Rivalries Are Made on the Field, Mocked in Schedule Release Videos
    Every year, teams find new ways to one-up themselves (and their rivals).

    More in Quick Hits
    patrick_mahomes
    by

    Less Than Super TV Viewership
    CBS Sports’ telecast of the Tampa Bay Buccaneers’ 31-9 victory over the Kansas City Chiefs averaged 91.629 million viewers, down 8%.
    person_playing_cricket
    December 23, 2020

    Prominent Tech Execs Line Up to Back Cricket Growth In the U.S.
    More than 20 investors have now bought into American Cricket Enterprise, parent company oMajor League Cricket.
    man_riding_stationary_bike
    December 28, 2020

    Connected Fitness Company Echelon Lands $65 Million Investment
    The funding came from Goldman Sachs and North Castle Partners, who now own controlling interests in the company.
    Sponsored

    How Microsoft and the Premier League Are Making Fans Feel Closer to the Game
    The Premier League reaches fans in 189 countries. Now, with Microsoft, it is making global fandom more personal through AI.
    woman_holding_hockey_stick
    December 23, 2020

    NBC to Air NWHL Finals, Adds to Banner Year for Women’s Sports
    It will be the first time professional women’s hockey games are shown live on a major national cable network in the U.S.
    antetokounmpo_dribbling_basketball
    December 23, 2020

    ‘Giannis Effect’ Felt by Bucks Following Record-Breaking Extension
    Since he was drafted in 2013, the Bucks’ valuation has jumped from No. 30 in the league at $312 million to No. 19 at $1.58 billion.
    December 22, 2020

    Adam Silver Says NBA Expansion is ‘Manifest Destiny of the League’
    “It’s sort of the manifest destiny of the league that you expand at some point,” NBA Commissioner Adam Silver said Monday.
    December 22, 2020

    Adidas Partners With Jerry Lorenzo, Fear of God Brand
    Lorenzo will lead creative and business strategy for Adidas basketball globally, and launch a Fear of God athletics sub-brand.