May 17, 2024 – Bookielink

May 17, 2024

In first full month, bettors wager $649m in North Carolina

On Friday (17 May) the North Carolina State Lottery issued its first full-month legal online sports betting report. Bettors in the state wagered nearly $649m in April and gross gaming revenue (GGR) was $105.3m.

Operators went live in North Carolina on 11 March, ahead of the NCAA men’s and women’s basketball tournaments. Consumers wagered $659.3m during the three-week span in the opening month. But during that time, three North Carolina teams – Duke, NC State and UNC – were all playing in March Madness. Across the US, sports betting handle often dips in April, after the NCAA’s marquee event comes to a close.

Operators had a higher hold in April versus March, paying out $538.4m in winnings on the $649m handle versus $590.8m on $659.3m handle in March. North Carolina taxes digital operators at 18% of GGR, but the state did not release a number for tax revenue.

Promos down

Promotional betting dropped significantly in April, according to the report. Operators wrote off $79.7m in promo..

May 17, 2024

State of the Union: A look back at the week that was in North America

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Nevada to Dave & Buster’s: No betting

The Nevada Independent reported that Nevada is the latest state to take notice of Dave & Buster’s plan to offer betting among friends. Gaming Control Board agents met with Dave & Buster’s executives to say betting at the amusement centres wouldn’t be allowed.

Board chair Kirk Hendrick said in a statement on Monday (13 May) that the board “opposes activities that could promote underage gambling, as well as wagering activities by businesses catering to a significant number of minor clientele.” Other states have reacted as well. An Illinois lawmaker filed a bill that would prohibit the idea and regulators in Ohio and Pennsylvania are considering action.

Date set for Mizuhara plea change

On Wednesday (15 May) the US Attorney’s office said that Ippei Mizuhara’s change-of-..

May 17, 2024

Pennsylvania gaming again breaks $500m milestone

The Pennsylvania gaming industry generated revenue of more than $500m in April but fell just short of the previous month’s record.

Some $504.6m (€464.8m/£398.1m) of revenue was recorded for the month, according to figures published by the Pennsylvania Gaming Control Board (PGCB). That was up 5.9% compared to April 2023.

The figure was down on the record $554.6m registered in March 2024. However, the figures were close on a day-by-day basis considering the extra day in March.

Pennsylvania gaming’s biggest segment stalls

Retail slots remains the biggest generator of gaming revenue, although the $205.4m was down 3.5% compared to April 2023. The number of slot machines in operation in April 2024 was 24,890 compared to 25,555 at the casinos in April 2023. Parx Casino, the state’s most popular venue, saw a 4.9% decrease to $31.6m.

Igaming slot revenue was the second biggest segment within Pennsylvania gaming at $126.0m, which was up 31.8%.

Sports betting back to growth

Igaming tables ..

May 17, 2024

US April round-up: Kansas revenue rises, DC reports decline

Taking a look at some of the latest monthly US state sports betting results, iGB analyses a year-on-year revenue increase in Kansas in April and a decline in Washington DC despite handle holding steady.

Total market revenue in Kansas increased 13.0% to $10.4m (£8.2m/€9.6m). However, April was not so positive for DC, with revenue down 59.5% to $526,689 from last year.

Starting in Kansas, not only was revenue up year-on-year, it was also 46.5% ahead of $7.1m in March this year. Online betting accounted for $10.3m of all revenue, with retail’s share at just $79,989.

In terms of spending, total handle for Kansas in April hit $192.1m. This is 44.4% more than last year but behind March’s state-wide handle of $252.9m.

Players spent $185.9m betting online during the month, with a further $6.2m wagered at retail sportsbooks.

Total tax for the month reached $1.0m, with almost all of this coming from online betting.

DraftKings and Boot Hill out in front in Kansas

Taking a look at each op..

May 17, 2024

Australian A-League footballers charged over alleged betting corruption

Police in New South Wales (NSW) have charged three footballers playing in the Australian A-League with alleged betting corruption linked to yellow card manipulation.

The A-League footballers, who have not been named, all play for a team located in south-west Sydney. The players have been bailed and will appear in court soon to hear more on the corruption charges.

In a statement confirming the news, the NSW police force says the arrests were made following an investigation by the organised crime squad. The investigation is into alleged betting corruption under Strike Force Beaconview.

Established in December, Strike Force Beaconview is focusing on yellow card manipulation. The State Crime Command’s Organised Crime Squad is being assisted by Great Britain’s Gambling Commission.

Investigators found a senior player was allegedly taking instructions from a man to organise for yellow cards to occur during certain games in exchange for profit. The man in question is believed to be locate..

May 17, 2024

New Jersey gambling revenue up in April despite land-based decline

Gambling revenue in New Jersey hiked 10.4% year-on-year to $510.9m (£403.7m/€470.6m) in April with increases across the igaming and sports betting segments more than offsetting a decline in the land-based market.

Total revenue was comfortably higher than $462.7m in April last year. However, the figure fell 3.0% short of the $526.6m reported in New Jersey in March this year.

Beginning with land-based casino, this remains the primary source of gambling revenue in the Garden State. However, the $216.8m generated in April is 6.3% behind $231.5m last year.

Physical slot machine revenue declined by 6.4% to $158.8m while land-based table games revenue also fell 6.1% to $58.1m.

Further igaming success for New Jersey

Turning to the igaming sector, the situation is very different. Revenue from all igaming in April hit $187.9m, up 18.2% year-on-year. This means igaming was only $28.9m behind the long-established land-based segment in April.

Some $185.6m of all igaming revenue was attributed..

May 2024
Mon	Tue	Wed	Thu	Fri	Sat	Sun
		1	2	3	4	5
6	7	8	9	10	11	12
13	14	15	16	17	18	19
20	21	22	23	24	25	26
27	28	29	30	31

Daily Archives: May 17, 2024