Daily Archives: October 14, 2024

New York sports betting revenue slips despite higher September spend

Mobile sports betting gross gaming revenue (GGR) in New York declined year-on-year in September despite the Empire State reporting an increase in handle.
Total sports betting handle in New York during September was $1.80bn (£1.38bn/€1.65bn). This is 2.3% up on last year and 25.0% ahead of August this year.

Data released by the New York State Gaming Commission this week also shows GGR in September amounted to $159.4m. The monthly total is down 3.7% year-on-year but is 27.5% more than August.

This resulted in a state-wide hold of 8.86% for the month.

DraftKings still the one to beat
Looking at individual operators, DraftKings remains some way out in front. For September, DraftKings generated $69.7m in revenue off a $788.3m handle, leaving an 8.84% hold.

Flutter-owned FanDuel was again second, reporting $52.6m in revenue from $511.6m in total bets. Hold was 10.28%.

Caesars was the next closest challenger with $13.0m off a $147.2m handle, leaving an 8.83% hold. BetMGM was next on $10..

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Tribes acknowledge Oklahoma wagering bill coming but is there a path forward?

At the Global Gaming Expo (G2E) last week Matt Morgan, head of the Oklahoma Indian Gaming Association (OIGA), said that while tribes are open to discussing the future of sports betting, they'll stand still until Governor Kevin Stitt moves on or changes his position.
Stitt, who became Oklahoma’s governor in 2018, has had a difficult relationship with Indian country. He has been sued by lawmakers over compact negotiations and has alienated the tribes by trying to dictate what legal wagering will look like without considering sovereignty or exclusivity.

Oklahoma is the second biggest tribal market in the US behind California and has a robust land-based casino industry. The state’s 39 tribes operate more than 125 gaming locations, including some that draw customers from neighbouring Texas. But legal sports betting remains elusive.

The tribes have exclusivity for gaming in Oklahoma. Despite that, Stitt last year outlined a legal wagering framework that included tribal and commerci..

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Weekend Report: Bet365 enters Peru, South Korean celebrities caught up in illegal betting case

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: Bet365 launches in Peru, a Pakistan cricket legend is under fire for new ambassador role and South Korean celebrities are swept up in illegal gambling.
Pakistan cricket legend faces backlash over betting ambassador role
Starting in Asia, Pakistan cricket captain Wasim Akram has come under fire for taking on a new betting ambassador role with Baji.

India-facing Baji offers online sports betting and casino and has enlisted several celebrities to help promote its services. Akram is among those to come on board despite Pakistan having placed restrictions on promoting gambling.

Fans took to social media to criticise Akram after he shared a promotional video on social media. Questions were also raised as to why Akram is working with an operator that is not licensed in Pakistan.

Bet365 makes Peru move
Meanwhile, in South America, Bet365 has announced the launc..

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