October 22, 2024 – Bookielink

October 22, 2024

US fantasy operators sued in Massachusetts

A lawsuit filed in Massachusetts calls out fantasy sports operators and the blurred lines between sports betting and fantasy sports.

Joseph Curran of Gloucester, a suburb of Boston, is suing PrizePicks, Underdog Fantasy and Yahoo! Fantasy Sports. He claims that the companies “intentionally refrained from registering with Massachusetts” to offer the kinds of wagers he placed. Curran is asking that all his bets be refunded.

The lawsuit was filed on 17 October in Essex Superior Court.

Digital and retail sports betting are legal in Massachusetts after the state legislature approved it in August 2022. In-person sports betting went live in January 2023, and digital betting launched in March of that year. With sports betting, consumers can bet on game results or proposition bets. The operators are regulated and taxed by the state.

Nuance of sports betting, traditional fantasy, pick’em

In Massachusetts, traditional fantasy sports games are legal. In these games, players build a team of ..

October 22, 2024

As sports teams, DraftKings and FanDuel up Missouri initiative game, Caesars goes to the people

Just as proponents of the Missouri legal sports betting initiative are beefing up television airtime, opponents are pulling back to focus on “grassroots” efforts and calling proponents' promise of $100m for education “dishonest”.

The initiative, Amendment 2, will go before the voters on the US presidential election ballot on 5 November. Proponents DraftKings and FanDuel have funded the richest campaign in Missouri history, according to the Missouri Independent. The two companies have funded ‘Winning for Missouri Education’ with more than $35m (£27m/€32.4m). DraftKings contributed another $4.6m on 17 October.

Caesars, the only operator to fund the opposition campaign ‘Missourians Against the Deceptive Online Gambling Amendment’, has contributed more than $14m. Combined, both sides have contributed a record sum of nearly $50m. And that’s for an initiative that is on the same ballot as an abortion initiative.

Brooke Foster, spokesperson for the opposition campaign, told ‘Politica..

October 22, 2024

US betting round-up: Connecticut, Louisiana, Mississippi and Wyoming in September

Rounding up some of the latest US monthly sports betting results, iGB takes a closer look at how Connecticut, Louisiana, Mississippi and Wyoming betting operators performed in September.

Betting records tumble in Connecticut

Looking now to Connecticut, the state set new monthly records across sports betting handle and gross gaming revenue (GGR) during September.

Monthly spend on betting hit $214.4m (£164.9m/€198.1m), narrowly beating the previous record of $212.2m in December 2023. This is also up 18.5% from September 2023 and 65.9% above August, according to the Connecticut Department of Consumer Protection.

Of this total, $204.9m was attributed to online betting and $9.5m retail sportsbooks.

As for revenue, GGR from sports betting during September was $26.6m, another new monthly record. This surpasses the $24.9m previous all-time high reported in January, while also beating last year by 41.5% and August by 94.2%.

Online betting drew $25.3m of all revenue in Connecticut, with re..

October 22, 2024

How are personalisation and technology driving NBA in-play betting?

The NBA regular season tips off on Tuesday (22 October) with the reigning champion Boston Celtics hosting the New York Knicks. There’s sure to be fast-paced excitement on the court and operators will look to tap into that with their in-play offerings, which have surged in popularity of late.

In June the provider Simplebet, which specialises in micromarket pricing, revealed it had enjoyed a third straight NBA season of growth (up 75% year-on-year), with nearly 13 million in-play bets placed during the 2023-24 season.

Around $325m was wagered with operators using Simplebet’s microbetting products, with the company offering 86 unique in-play markets during the NBA post-season.

Following Simplebet’s third season of consecutive growth, DraftKings announced it had reached an agreement to acquire the microbetting specialist.

The landscape of sports betting in the US since the 1992 Professional and Amateur Sports Protection Act (PASPA) was repealed in 2018 has been one of constant evolutio..

October 22, 2024

Report: Swedish gambling regulator “not effective enough”, government should clarify black market law

Sweden gambling regulator Spelinspektionen is not doing enough to monitor licensed operators, according to a new report from the National Audit Office (Riksrevisionen). It also calls for the government to improve the law surrounding what is considered an illegal operator.
The report considers the current activities of Spelinspektionen and its performance since Sweden opened its regulated market in 2019. The 97-page publication raises some concerns about the gambling regulator, saying that, at present, it is “not effective enough”.

Primary issues relate to Spelinspektionen’s supervision of the market. According to the report, these efforts are not effective enough to meet the expectations of the government, as it set out when the market was launched in January 2019.

Law on black market is unclear – give regulator more powers
However, the report does not limit its concerns solely to Spelinspektionen. It also raises some criticism over how the government has acted in the period since r..

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Daily Archives: October 22, 2024