Daily Archives: May 22, 2024

Mississippi sports betting revenue drops 8.8% to $3.1m in April

Mississippi reported sports betting revenues of $3.1m (£2.7m/€3.1m) for April, down 8.8% from March’s total.

Sports betting revenue in Mississippi for April fell short of March’s figure of $3.4m, and was 27.9% down on the same month last year, when $4.3m in revenue was reported.

Total handle for the month was $34.3m. This was a 22.9% decrease on the $44.5m in bets taken in March. However, it was 7.9% ahead of April 2023’s figure of $31.8m.

In terms of where bets were placed, Mississippi’s coastal casinos again led the way, reporting $1.5m in revenue and $23.6m in handle.

Central casinos took $6.6m in bets and generated revenue of $1.2m. Northern casinos, meanwhile, reported handle and revenue of $4.1m and $402,880 respectively.

What sports are they betting on in Mississippi?

With the National Football League (NFL) season having ended in February, basketball and baseball were the most popular sports for betting at Mississippi’s coastal casinos over April.

Baseball narrowly led th..

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Horseracing Betting Levy Board expects record £105m in contributions

The Horserace Betting Levy Board (HBLB) has announced it expects to receive a record £105m (€123m/$134m) in levy payments for 2023-24, with the Betting and Gaming Council (BGC) praising the commitment of its member to the scheme.

This contribution, both the BGC and HBLB say, will be £5m more than the previous financial year. It will also be the third consecutive year levy contributions have increased. This total is set to surpass the £100m paid in 2022-23 and £97m in 2021-22.

The additional funding means the HBLB has been able to increase prize money contributions by £3.2m to £70.5m.

“The trend that was seen towards the end of 2022-23 has continued,,” HBLB chairman Paul Darling said. “Betting turnover is lower and bookmakers’ profits higher than recent norms. In the light of reports and analysis from the HBLB executive during the year, the board had been anticipating income of around the total that is expected.

“The effect of this financial outturn gives the board additional comfor..

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Operators jilt Massachusetts regulator in discussion about limiting bettors

The biggest news that came out of the Massachusetts Gaming Commission's (MGC) roundtable on limiting players on Tuesday (21 May) was what wasn't said. And who wasn't there. Every live operator in the state declined to participate.

As the MGC begins to learn about why and how operators set bet limits on players, the only operator representative was Justin Black of Bally’s Interactive. That platform is licensed, but not live in the state.

BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet, Fanatics Betting & Gaming and FanDuel requested executive session for the roundtable. The Massachusetts regulator declined. Most operators cited confidentiality concerns and were ultimately left out of the conversation.

Commissioners didn’t hide their disappointment and anger. Interim Chair Jordan Maynard said that the Massachusetts regulator is required by an open-meeting law to have discussion in public and that is sometimes “uncomfortable”. He also said that integrity and transpar..

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