October 21, 2024 – Bookielink

October 21, 2024

Michigan falls just short of online betting and igaming records in September

Michigan narrowly missed out on new online sports betting and igaming revenue records in September, with the month proving to be the second-best in the Wolverine State’s history.
Figures from the Michigan Gaming Control Board (MGCB) show combined online betting and igaming revenue in September hit $261.0m (£200.2m/€240.4m). Reported as ‘gross receipts’, this is 24.1% higher than last year and 16.5% ahead of August.

Adjusted gross receipts, which account for promotional spending in Michigan, was $209.9m. This beat last year’s total by 24.6% and was also 2.5% more than August.

Michigan igaming revenue surpasses $200m in September
Igaming accounted for $202.6m of all online gambling revenue in September. The amount is 21.8% more than last year and only the second-highest monthly amount on record behind $215.5m in March.

It was only the second time in the market’s history that monthly revenue surpassed the $200.0m milestone. Adjusted gross receipts from igaming were also 21.7% higher ye..

October 21, 2024

Illinois sports betting handle up in August, but hold declines sharply against July

Sports betting revenue in Illinois increased year-on-year in August despite the impact of new tax laws in the state. Monthly handle was also higher than in 2023.
For August, total ‘completed events’ adjusted gross revenue hit $59.2m (£45.5m/€54.6m) in Illinois. This is 26.2% more than last year but 17.0% lower than July. State-wide hold was 6.74%, down from 9.22% in July.

Figures from the Illinois Gaming Board (IGB) show some $57.8m of all revenue came from online betting. The remaining $1.3m was attributed to wagering through retail sportsbooks across the state.

As for spending, total handle for the month amounted to $877.8m. This surpasses last year by 29.8% and also beats July this year by 13.5%.

August is widely regarded as one of the quieter of the summer months due to fewer major league events, although this year benefited from the Olympic Games in Paris, France. College football also starts in late August, as do NFL pre-season games. Players bet $852.9m online during August ..

October 21, 2024

Weekend Report: US sportsbooks switch up prop bet rules for NBA, row erupts over Betfred shop signage

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: US bettors face new rules on NBA player prop bets, new betting shop signage comes under fire and Conor McGregor loses big-money bet.
US sportsbooks to halt prop betting on lower-paid NBA players
First up, major sportsbooks in the US will no longer allow players to place a prop-style bet on the lowest-earning NBA players, sources have told The Athletic.

Quoting the article, the New York Times reported that the decision comes after months of talks between the NBA and its gambling partners. These include both FanDuel and DraftKings. From now on, no “under” bets will be offered on players on a two-way or 10-day contract.

While NBA players make several million dollars a year, players on shorter contracts earn far less. As such, they potentially face greater threats over match and betting manipulation.

The New York Times highlights one case last year when the ..

October 21, 2024

Fliff CEO: Our customers “not of high value to a sports betting operator”

The social/sweepstakes sports-focused site is proving popular, but potentially polarising.
GK (who is 20 years old), resides in the Los Angeles area. On a recent Sunday, the college student clicked on an app where he maintains an account. He claims to have risked $250 on two NFL games, the same amount on a pair from Major League Baseball and smaller sums on props.

His activity is legal even though California prohibits sports betting. Of states that allow regulated betting, all but four have set the minimum age at 21.

Under current law, what GK does between classes and homework is not considered wagering.

“As a sports management major, I enjoy betting on sports but am not old enough to have accounts with official sportsbooks,” said GK, who asked that his full name not be disclosed. “Fliff is then my best option.”

Fliff company name pulled from short film
In 2019, the founders of the website Fliff, based in Philadelphia and patronised by GK latched on to the hype generated by widespr..

October 2024
Mon	Tue	Wed	Thu	Fri	Sat	Sun
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30	31

Daily Archives: October 21, 2024