Monthly Archives: September 2024

Judge promises swift decision on fate of Missouri digital wagering initiative

An all-day hearing on Thursday (5 September) in a Missouri federal court did not yield a decision about whether or not a sports betting ballot initiative could move forward. But it was good theatre.
Cole County Circuit Judge Daniel R Green did not rule Thursday in Jacqueline Wood et al vs John Ashcroft, but did say to expect a quick decision.

In the lawsuit, Wood and fellow political consultant Blake Lawrence claim the voting districts used by the secretary of state to certify the Missouri wagering initiative are incorrect. In Missouri, a proposal needs verified signatures from 8% of voters in six of the state’s eight voting districts. Lawmakers redrew the congressional districts in 2020.

According to the lawsuit, the secretary of state’s office used old districts to determine if enough verified signatures were collected. It then used the new districts to determine where voters live.

Essentially that means that even if a signature came from a person who remains at the same address..

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FanCash links Fanatics Sportsbook to merch business and gives it a leg up

If you log onto the Fanatics merchandise website, you won't find any mention of a sportsbook. If you search the site for 'Fanatics Sportsbook' you'll land on a page full of gift cards and gear. Why? Because just like how legacy casino companies consider their sportsbooks to be amenities – ways to draw in customers – so does Fanatics.
The difference is Fanatics isn’t so much using sports betting to bring customers to its brick-and-mortar locations. Instead, sports betting can drive consumers to buy more gear.

The company’s core digital business is – and has been since the current iteration was founded in 2011 in Jacksonville, Florida – sports merchandise. Founder Michael Rubin has been capitalising on the fan experience for close to 15 years. And that phrase, “the fan experience”, is as critical to the company’s sportsbook mission as it is to any of its other businesses, whether that be team jerseys, trading cards or collectibles.

“The goal is, I think you have ..

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Ohio: FanDuel continues to hold off DraftKings in wagering revenue in July

FanDuel retained the top spot in the Ohio online sports betting market in July, while the state saw revenue increase month-on-month despite handle falling to a year-low for the second consecutive month.
Players wagered $476.9m (£362.2m/€429.6m) across online and retail sports betting in July. This is 44.0% more than in Ohio last year but 10.0% lower than the previous 2024 low of $529.8m in June.

Figures reported by the Ohio Casino Control Commission show $466.6m was bet online and $10.2m at retail sportsbooks. Operators recorded a double-digit hold approaching 12%, marking the fourth time this year that operators had hold above 10%.

As for total taxable revenue, this totalled $55.3m, up 48.7% from June and also 8.0% higher than July last year. Operators paid the state about $11.1m in taxes on a 20% tax rate. Online revenue for the month topped $53.5m and retail revenue was $1.6m.

July’s total means total revenue year-to-date – covering the seven months to the end of July – is $49..

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Quickness, convenience key themes as US wagering platforms roll out upgrades for start of football season

Whether it's the ability to place a parlay bet faster or from anywhere on a site, US digital sportsbook platforms from Betr to ESPN Bet have new looks and improved user interfaces as the most lucrative season of the year is set to begin.
The NFL season kicks off on Thursday (5 September) when the Baltimore Ravens play at the defending Super Bowl champion Kansas City Chiefs. The first full Sunday of games is 8 September. College football season had its first full Saturday of games on 31 August.

The SEC on ABC debuted with three games and average viewership of 7.6 million. The triple-header was the second-highest rated college football kickoff Saturday in ABC history, according to AwfulAnnouncing. And Sunday’s USC-LSU game drew 9.2 million viewers, including 11.1 million at the peak.

Football season in the US is a key period for customer acquisition. Sportsbooks are running myriad promotions to draw new customers but, in addition, many are offering new features to keep customers..

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Federal Revenue Service to address Brazil sports betting tax concerns at CPI hearing

Special secretary of Brazil’s Federal Revenue Service Robinson Barreirinhas will appear in front of the parliamentary commission inquiry (CPI) on match-fixing to explain how sports betting tax from companies abroad will be kept in Brazil.
The special secretary will appear at the request of Carlos Portinho, who is looking to clarify how tax payments will be made across borders.

Barreirinhas will be heard this Wednesday (4 September) by the CPI on manipulation, which was set up in April to counter match-fixing on sports betting in Brazil.

As set out in Normative Ordinance No 827, operators must have a headquarters on Brazilian soil. Foreign companies are still eligible for a licence, although they must have a local subsidiary of which a Brazilian owns at least 20% of the share capital.

Businesses must also provide a joint certificate from the special secretariat of federal revenue and the attorney-general’s office of the national treasury to show they are registered to pay tax in the ..

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