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    DraftKings Lost Up to $50M on World Cup Group Stage Matches, Say Analysts

    DraftKings reportedly lost up to $50 million on World Cup group stage matches due to bettors winning big, according to Bank of America analysts. This significant payout represents a substantial portion of their estimated $1.1 billion total betting handle for the tournament. The losses highlight the volatility and potential financial impact of major sporting events on sportsbook operators.

    Summary based on reporting by Casino Beats, which retains all rights to its text and images.

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    Casino Pauma opens sportsbook on California tribal reservation

    Casino Pauma opens sportsbook on California tribal reservation

    Casino Pauma has launched a retail sportsbook on the Pauma Indian Reservation in California, permitting guests aged 18 and older to place wagers via self-service kiosks. The opening ceremony featured Pauma Band of Luiseño Indians leadership and former NFL player Shawne Merriman, who placed the venue's first bet. The facility introduces on-reservation sports betting within the state's tribal gaming landscape.