Sports betting has grown massively in popularity following a landmark 2018 decision by the Supreme Court which opened the flood gates for betting outside of Nevada. Currently, sports betting is legal in twenty-two states as well as the District of Columbia.
Experts have said they expect sports wagering to achieve legality in an increasing number of states as governors look for other sources of revenue to make up for shortfalls caused by the coronavirus pandemic.
Under U.K. law, Caesars and Apollo have until Oct. 28 to make an offer to William Hill; a date which is rapidly approaching as September comes to a close.
On Monday, Caesars commenced an underwritten public offering of 30 million shares of its common stock. The company also plans to grant the underwriters a 30-day option to buy an additional 4.5 million shares of its common stock. Its plan is to use net proceeds from the offering for general corporate purposes including for its potentials acquisition of William Hill.
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