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Daily Archives: June 17, 2024

June 17, 2024

Weekend Report: FanDuel the US leader

Welcome to the Weekend Report, where iGB updates you with the stories you may have missed over the last few days.

FanDuel still the US leader

A new report from Jefferies shows FanDuel is leading the US sports betting market.

Of the 11 states to have reported online sportsbook revenue for May, FanDuel captured 45% gross gaming revenue market share. DraftKings was second with 36%, followed by BetMGM (6%), Fanatics (3%) and ESPN Bet (2%).

Mavericks owner: Patience on Texas gambling

Patrick Dumont, the governor of the NBA’s Dallas Mavericks, is unsure when gambling will be legalised in Texas.

Despite progress seemingly being made last year, Texas remains one of the biggest US states without a legal sports betting market. The state legislature meets only in odd years, so the next opportunity is 2025.

Dallas Stars president says sports betting legalization is still a difficult proposition in Texas… 🌟🌟
Legislators in Texas are still trying to legalize sports betting. It's been a f..

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June 17, 2024

US Supreme Court declines to hear Florida sports betting case

It's likely the end of the road for WFA's case as the Seminole tribe can continue operating its sportsbook product in Florida, closing the door for commercial operators.

On Monday (17 June) morning, the US Supreme Court denied the writ of certiorari (court process to seek judicial review of a decision) in the the Florida sports betting case filed by West Flagler and Associates (WFA). The decision means that digital sports betting can remain live in Florida. From here, WFA could again try to pursue its case through the Florida state court system.

In March, the Florida Supreme Court said it would not hear WFA’s quo warranto bid, calling it the wrong “vehicle” for the Florida sports betting case. The decision left the door open for WFA to re-file in a lower Florida court.

The case was first filed in federal court in the second half of 2021. At the federal level, WFA has now exhausted all routes.

“The Seminole tribe of Florida applauds today’s decision by the US Supreme Cour..

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June 17, 2024

Bet365 gaining NJ market share as May statewide betting handle rises 8%

Bet365 looks to be gaining market share in New Jersey sports betting as it reported $3.5m in gross revenue for May, according to the NJ Division of Gaming Enforcement's monthly revenue figures.

The UK-headquartered operator reported year-to-date betting revenues of $16.6m for the month, coming in at fifth place behind BetMGM with $26.7m, PointsBet’s $88.3m, DraftKings’ $123.1m and FanDuel’s $211.4m.

FanDuel topped the list in May with $36.7m in gross betting revenue for the month, with DraftKings a close second at $22.1m and BetMGM trailling in third place with $5.6m, down 17.1% on last year’s total.

The regulator began publishing monthly numbers by each operator in January, after previously showing only the revenues raised by each master licence, which accounts for multiple operators.

Also of note was ESPNBet’s gross betting revenue of $2.6m and PointsBet’s losses of $201,201 during the month. The former recorded year-to-date revenues of $5.1m and the latter of $88.3m in ..

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