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The Peach State currently has several different gambling bills it is looking at. The primary bill is Senate Bill 386, which has already been passed. It still needs approval by the House. Even if the bill were to pass both chambers, it would go before voters as a Constitutional amendment. SB 386 would legalize sports betting through the Georgia Lottery and would tax sports betting revenue at 20%.
Rush Street Interactive reported revenues of $220.4 million, up 33.5% year on year, outperforming analysts’ expectations by 9.4%. The business had an incredible quarter with an impressive beat of analysts’ earnings and operating margin estimates.
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The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Accel Entertainment (NYSE:ACEL) and the rest of the gaming solutions stocks fared in Q2.
DraftKings reported revenues of $1.10 billion, up 26.2% year on year. This number was in line with analysts’ expectations. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ operating margin estimates and full-year revenue guidance exceeding analysts’ expectations.
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