September 12, 2024 – Bookielink

September 12, 2024

US lawmakers decry sports betting practices while introducing SAFE Bet Act

New York representative Paul Tonko and Connecticut senator Richard Blumenthal lambasted the practices of US sports betting operators on Thursday (12 September) as they introduced the SAFE Bet Act, which would establish a rigorous federal framework around digital sports wagering.
Legal sports betting became a states’ rights issue in 2018, when the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA). Since then, nearly 40 US states and jurisdictions have legalised some form of wagering.

Tonko and Blumenthal outlined the parameters of the bill, which was first announced in March, at a press conference in Washington on Thursday. They were joined by three other speakers.

Mark Gottlieb and Harry Levant, executive director and gambling policy adviser for the Public Health Advocacy Institute (PHAI) at the Northeastern University School of Law, talked about the public health impacts of sports betting. Gordon Douglas gave an emotional account of his son And..

September 12, 2024

Fanatics Sportsbook goes live in Washington, DC

Washington, DC bettors now have a fifth choice for digital wagering, as Fanatics Sportsbook has launched in the nation's capital.
The Fanatics Sportsbook announcement on Thursday (12 September) was the second major one in the US capital this week. On Tuesday, Caesars Sportsbook shared that it will take over the GambetDC kiosks at 53 small-business locations in the District.

Since the DC Council in June decided to open the betting market, Caesars and BetMGM were able to effectively take off the geofences that limited their platforms to special zones and DraftKings and FanDuel have both gone live.

During hearings as the council considered creating a competitive market, Fanatics testified that it was interested in entering the market. The platform is live in neighbouring Maryland and Virginia and Fanatics now has a retail sportsbook at Commanders Field, home of the NFL’s Washington Commanders.

Fanatics’ first deal with a women’s pro team
Fanatics Sportsbook got market access t..

September 12, 2024

Mass Gaming Commission to set hearing about DraftKings’ bungled email

People on the self-exclusion list in Massachusetts received the email about a ‘bonus bet'.
A widespread notification from DraftKings in mid-August about settlement of PGA Tour golf bets mostly was met with harmless bemusement and confusion from those receiving the email.

The recipients consisted of those who have made wagers on golf using the online sportsbook – just not this particular bet. It also included some who don’t even have a DraftKings account.

But it is another group of recipients that may land the Boston-based sports betting giant in hot water with regulators.

DraftKings message was intended for 13 bettors
That’s because during a Massachusetts Gaming Commission hearing on Thursday (12 September), it was revealed that the email was intended to be sent to only 13 bettors whose wagers were relevant to the settlement. But it actually went out to more than a million users. The potential hot water comes from the fact that the commission found that 184 residents on the vol..

September 12, 2024

GSGB H1: UK gambling participation flat as nearly a third of customers play non-lottery verticals

The UK Gambling Commission today published its latest iteration of the Gambling Survey for Great Britain (GSGB), looking at gambling participation across the UK between 15 January and 28 April. Participation remained flat on 2023, as majority of participants gambled to win “big money”.
The data follows the annual GSGB survey published for the first time in July and looks at how much UK adults are gambling.

Participation for the actual survey sample increased 8% as the sample size grew from 4,801 in the GC’s equivalent report last year (January to April), to 5,191 this year.

Gambling participation remains flat across the board
Overall gambling participation between January and April was the same as last year at 48% across the entire sample. This dropped to 27% when excluding lottery.

When taking a deeper look at online gambling rates, 16% of participants had gambled via desktop or mobile apps in the last four weeks (excluding lottery). Broken down by sex, slightly more men (20%) p..

September 12, 2024

Apuesta Total CEO warns against reintroduction of consumption tax on Peru gambling

Apuesta Total CEO Gonzalo Perez has warned the Peru government against the introduction of a consumption tax on gambling operators.
Law no 31557, which looked to regulate online gaming and sports betting in Peru, came into effect on 9 February. This sets out a tax of 12% on gross gaming revenue (GGR), although legislation originally included a 1% tax on the value of every bet, or consumption tax.

That 1% consumption tax was removed from legislation in July 2021. However the Peru congress is now discussing its reintroduction, with the potential rate not yet confirmed.

Perez fears this could be hugely detrimental to the licensed gambling industry and is urging the government to reconsider. “The consumption tax is, depending of course on the percentage they will apply and depending on the base fee, very harmful for us,” Perez tells iGB. “We are trying to reach the government to talk, to explain the possible impact.

“The proposed 1% consumption tax discussed in congress was crazy beca..

September 12, 2024

Flutter’s Olympics betting handle increased threefold at Paris 2024

Flutter Entertainment has revealed its global handle for the Paris 2024 summer Olympic Games more than tripled from the last edition of the Games.
The group did not disclose exactly how much its customers around the world bet on Paris 2024 in its report.

The increase in handle, Flutter said, was due to growth within new markets. It highlighted the US, with 23 states now offering legal sports betting, compared to 10 at the Tokyo Games. However, it also noted the value of bets placed through its FanDuel brand in those 10 states more than doubled.

Flutter said Paris 2024 also benefit from more favourable viewing times for its customers in both Europe and the US. In addition, it noted an “abundance” of dramatic storylines that captured the attention of bettors.

“Many people who aren’t typical sports fans are Olympics fans,” FanDuel sports trader Eric Gerson said. “It’s a unique chance to branch out to new audiences we wouldn’t normally reach.”

Popularity of parlay bets rockets for Flu..

September 12, 2024

Chinese Football Association bans 43 players, officials for match-fixing

The Chinese Football Association (CFA) has imposed lifetime bans on 38 soccer players and five club bosses accused of gambling and match-fixing. A two-year probe found that 120 matches were compromised.
In comments on Tuesday (10 September), Zhang Xiaopeng of the Chinese ministry for public security said the investigation “uncovered a series of online gambling, match-fixing and bribery cases”. They involved 128 suspects and 41 clubs.

Who’s involved?

Among those banned for life are midfielder Jin Jingdao, forward Guo Tianyu and goalkeeper Gu Chao, all of China. They can no longer take part in football or football-related activities. Seventeen others received five-year bans.

In a press conference on Wednesday, South Korea’s Son Jun-Ho protested his innocence. A tearful Son said he was “dumbfounded” by the “ridiculous charges”.

“They threatened that if I didn’t admit to the charges, my wife would be arrested,” he declared. “I said I hadn’t done anything like that.”

China targets spor..

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Daily Archives: September 12, 2024