May 13, 2024 – Bookielink

May 13, 2024

Fanatics SVP of trading Wright departs after two years

Andy Wright has announced he has left his role as senior vice-president of trading at Fanatics Betting and Gaming (FBG).

Wright joined Fanatics in May 2022 from his previous position of trading director at KingMakers.

Wright’s time at Fanatics saw the company launch its sportsbook offering in January 2023. With its launch at the then-named FedExField in Maryland, Fanatics became the first sports betting operator to open a retail sportsbook within a National Football League stadium.

Fanatics has since expanded across the US, launching its online casino in November 2023. Additionally during Wright’s tenure, FBG acquired PointsBet’s US business for $225m (£179.2m/€208.5m).

In a Linkedin post, Wright stated he was “incredibly grateful” for his time at Fanatics helping to build its betting and gaming division.

“Now it’s time to recharge the batteries and spend more time with the family before finding a new venture,” Wright said.

“All the best to the team at Fanatics Betting & Gaming. ..

May 13, 2024

Tennessee sports betting records further year-on-year gains

Gross mobile sports betting wagers in Tennessee increased 20.7% year-on-year to $384.2m (€356.5/£306.6m) in April.

In April, Tennessee sports betting saw a year-on-year rise that was almost identical to the 20.6% recorded in March. However, wagers collected in April were well down on the $473.6m collected in March, which enjoys a busy sports schedule.

With some $3.3m of income attributed as adjustments, overall gross handle was recorded as $380.9m. This compared to $472.0m in March, with no comparable figure released in April 2023.

In terms of privilege tax from sports betting, the state collected a total of $7.0m. This was up 9.4% compared to last year.

The Tennessee Sports Wagering Council does not publish data regarding monthly revenue, nor any information on individual operator performances.

Who is active in Tennessee sports betting?

While data on Tennessee sports betting is limited, the Volunteer State does feature some of the leading names in US sports betting. BetMGM, FanD..

May 13, 2024

Betano named sponsor and betting partner of top Argentina football league

Betano will be the new sponsor of the top football league in Argentina after Kaizen Gaming and the Argentina Football Association (AFA) announced a partnership.

The top division in Argentina will now be known as Torneo Betano commencing from the opening of the season this past weekend. Meanwhile, the cup competition Copa de la Liga Profesional will be renamed Copa Betano from next season onwards.

Betano will also be the league’s exclusive betting partner following its launch in Argentina earlier this year.

AFA president Claudio Tapia is excited for the potential of the new deal.

“The Liga Profesional de Fútbol is, without a doubt, one of the most important and popular sports competitions in Argentina,” Tapia said. “This agreement with Betano strengthens our vision and confirms, once again, the massive reach of Argentine football.”

Kaizen’s chief commercial officer, Julio Iglesias, added: “Our new partnership with the AFA reinforces our growing dedication to the Argentinian footbal..

May 13, 2024

ITIA bans two tennis players for corruption linked to Belgian syndicate

The International Tennis Integrity Agency (ITIA) has banned two tennis players for corruption linked to a syndicate in Belgium.

The ITIA has issued Alejandro Mendoza Crespo with the maximum penalty of a lifetime ban from tennis for 20 offences. Meanwhile, Jorge Panta Herreros has been suspended for three years for four infringements.

The sanctions were handed down by independent anti-corruption hearing officer Professor Richard McLaren. This came after a formal hearing in early March, with the suspensions effective from 4 April onwards.

Mendoza and Panta were also issued with fines of $250,000 (£199,619/€231,942) and $10,000 respectively. The pair will be banned from playing, coaching or attending any event sanctioned by ITIA members, including the ATP and WTA.

Last week, Eduardo Agustín Torre was suspended for five years following 35 breaches of the Tennis Anti-Corruption Programme (TACP). Torre was also fined $35,000.

New ITIA sanctions follow syndicate-related tennis bans

The ..

May 13, 2024

Iowa posts year-on-year sports betting market growth in April

Sports betting handle in Iowa increased 21.4% year-on-year to $209.5m (£167.2m/€194.5m) in April, while the state also reported higher revenue for the month.

Player spending in April is comfortably clear of the $172.6m wagered in Iowa in the same month last year. However, the April total fell short of March’s total spend of $272.4m and also behind the $220.6m bet in February.

Of the total wagered in April, $196.6m was bet online and $12.9m via retail sportsbooks across Iowa.

An increase in player spending helped push revenue to $16.5m. This is 17.0% more than last year but a drop of 9.3% from $18.2m in March.

Online sports betting generated $15.7m in revenue during April, while retail drew $812,305.

Total player winnings for the month reached $192.3m, including $180.9m from online and $12.1m retail. As for tax, this amounted to $1.1m.

Who is winning in Iowa?

As has been the case for some time, FanDuel and partner Diamond Jo Dubuque remain out in front in Iowa. During April, the ..

May 13, 2024

Indiana sports betting handle and revenue up in April

Indiana reported a year-on-year increase in both handle and revenue for its regulated sports betting market in April, although the state also posted month-on-month declines.

Total handle in Indiana in April amounted to $393.9m (£314.4m/€365.7m). This is 22.6% ahead of $321.4m last year but 21.4% short of March’s $500.8m figure.

Basketball was once again the sport of choice for bettors in the state, attracting $121.5m in total wagers. Indiana is home to NBA franchise the Indiana Pacers and Indiana Fever of the WNBA, as well as a raft of college teams.

Meanwhile, players spent $67.7m betting on baseball during April and a further $2.9m on American football. Some $84.8m was bet across other sports while parlay betting totalled $116.8m.

In terms of revenue, taxable adjusted gross revenue for April hit $37.1m. This is 26.2% up from $29.4m in April 2023 but 5.8% less than $39.4m in March of this year.

Indiana does not publish a sport-by-sport breakdown for monthly revenue. However, it w..

May 13, 2024

New York online sports betting handle tops $1.96bn in April

Players in New York spent $1.96bn (£1.56bn/€1.82bn) betting on sports online in April, one of the highest monthly figures since the state’s legal market launched in January 2022.

Handle is 27.3% higher than $1.54bn in April last year and 6.0% up from $1.85bn in March of this year. It is also the fifth highest monthly spend total on record in New York.

As for gross gaming revenue from sports wagering, April’s total hit $183.8m. This is 32.4% up from $138.8m in April 2023 and 21.2% ahead of March’s $151.7m haul.

The all-time monthly revenue record in New York stands at $211.5m, set in January this year. As for handle, players bet an all-time high of $2.11bn in November 2023.

FanDuel still the one to beat

Flutter Entertainment-owned FanDuel continues to hold a healthy lead in New York. During April, the operator posted $91.0m in revenue off $780.5m, both some way clear of the chasing pack.

DraftKings remains FanDuel’s closest challenger, reporting revenue of $63.2m and a $737.0m ha..

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