Betting News – Page 111

September 12, 2023

West Flagler mulls Supreme Court appeal after rehearing denied

After the DC Circuit Court of Appeals denied West Flagler's rehearing motion, the plaintiff will weigh up whether to appeal the matter to the Supreme Court.

In a one-sentence response to West Flagler’s petition the court denied the motion, in the latest twist for the two pari-mutuel betting operators seeking to challenge the Seminole Tribe of Florida’s compact with the State of Florida.

“Upon consideration of appellees’ petition for rehearing en banc, the response thereto, and the absence of a request by any member of the court for a vote, it is ORDERED that the petition be denied,” read the court’s statement.

West Flagler had been seeking an en banc rehearing, meaning the case would be heard by the entire bench of the court, as opposed to the panel of three that ruled in the original case, West Flagler Associates Ltd vs Haaland.

The outcome of the case saw the Seminoles permitted to offer mobile sports betting statewide by confirming the federal legality of the state’s “hu..

September 12, 2023

2023 NFL Odds Tracker powered by Kambi

September 11, 2023

Missouri sports betting fight could be reignited as new petitions filed

Lawmakers in Missouri are set to again consider plans to legalise sports betting after a series of new petitions were filed in the US state.

Several efforts to launch legal wagering in the state have fallen by the wayside in recent years. However new petitions suggest further proposals and bills could be on the way in Missouri.

Missouri’s secretary of state, John Ashcroft, is accepting comments on four petitions. All filed by Alixandra Cossette, an attorney at Stinson LLP, they relate to legalising sports betting in Missouri in some form.

Petitions propose legal sports betting in Missouri

The four petitions – 2024-135, 2024-136, 2024-137 and 2024-138 – all map out plans for online and land-based gambling.

Each of the petitions refers to the same set of proposed rules for sports betting.

Operators may only hold one licence, with retail permits costing up to $250,000 and online $500,000. Licensees will pay tax at a rate of 10% of gross gambling revenue from sports betting.

If the..

September 11, 2023

Iowa betting revenue down year-on-year in August despite handle jump

Sports wagering revenue in Iowa fell 6.2% year-on-year to $13.5m (£10.8m/€12.6m) during August despite an increase in player spending.

Revenue in Iowa for August was down from $14.4m in August 2022 but 27.4% ahead of $10.6m in July this year.

Breaking this down, the state attributes $11.6m of monthly revenue to online wagering. The remaining $1.9m came from retail betting in August.

In terms of spending, Iowa consumers wagered a total of $141.2m on sports during August. This was 15.2% more than $12.6m in August last year and 28.7% higher than $109.7m in July 2023.

Online betting wagers amounted to $131.9m, while retail spend reached $9.4m.

Diamond Jo Dubuque continues to lead the way in Iowa

As for individual operators, Diamond Jo in Dubuque and its FanDuel sportsbook remain the market leaders in Iowa. Revenue from the partnership in August hit $3.6m and handle $27.6m.

Wild Rose in Jefferson and DraftKings were second with $1.8m in revenue and a $20.1m handle. Diamond Jo in Wort..

September 11, 2023

IBIA pens betting integrity deal with Buenos Aires regulator

The International Betting Integrity Association (IBIA) has entered into a partnership with the Lotería de la Ciudad, the public entity that regulates sports betting in the Argentine capital of Buenos Aires.

Under the memorandum of understanding, IBIA will support Lotería de la Ciudad with sports betting integrity in its regulated market.

The two parties will exchange technical knowledge and information related to the integrity of sports and betting. This will be used to improve fraud control and prevention in the city’s market.

Buenos Aires opened its legal internet sports betting market in December 2021. The city also launched legal online gambling at the same time.

“IBIA is delighted to have reached an agreement with the Lotería de la Ciudad to work collaboratively to protect sports, consumers and the regulated betting market from match-fixing,” IBIA CEO Khalid Ali said.

“The association and its members will analyse the betting on their global markets. We will also work closely ..

September 11, 2023

NY online sports betting revenue slips to 13-month low in August

Online sports betting revenue in New York reached $98.5m (£78.6m/€91.7m) in August, the lowest monthly total since July 2022, although handle improved month-on-month and year-on-year.

Gross gaming revenue (GGR) edged down 1.1% from $99.6m in August 2022, The monthly total was also 6.3% lower than $105.1m in New York in July this year.

In terms of handle, this made for better reading. New York consumers wagered a total of $1.11bn online during August, a 27.6% increase from $872.2m in the same month last year.

The figure was also 15.7% higher than $962.1m in July of this year.

FanDuel pulls clear of DraftKings in New York

Looking at individual operators, Flutter Entertainment-owned FanDuel moved further clear of DraftKings in GGR terms. This came after DraftKings last month significantly narrowed the gap on its long-time rival.

FanDuel posted $41.1m in revenue for August off a handle of $384.6m. GGR at DraftKings hit $35.5m but the operator reported a higher handle than FanDuel at ..

September 8, 2023

Iowa athletes plead guilty to reduced charges

Five current or former Iowa State athletes have submitted guilty pleas to underage gambling as part of a state investigation into sports betting.

The pleas by quarterback Hunter Dekkers and offensive lineman Jake Remsburg, plus former players Dodge Sauser and Aaron Blom and ex-ISU baseball player Gehrig Christensen, were to reduced charges of underage gambling.

The original charge collectively dropped for the quintet – tampering with records – would have carried a maximum penalty of two years in prison. However, each athlete will now pay a $645 fine. None will face further criminal action.

Reduced charges

“The original records tampering charge against these young men never fit this case, either legally or factually,” attorney Mark Weinhardt, who represents Dekkers, Remsburg and Sauser, said in a statement.

“Hunter, Jake and Dodge are not and never were guilty of that charge. The charge has nothing to do with gambling. Other than the fact that Hunter, Jake and Dodge placed some bet..

September 8, 2023

Kansas sports betting wagers reach $94.4m in August

Player spending on sports betting in Kansas increased month-on-month in August to $94.4m (£75.6m/€88.1m), although revenue in the state declined.

Monthly handle was 18.4% higher than the $79.7m reported in July. Of this total, $90.6m came from online betting and $3.8m retail wagering in Kansas.

However, revenue for the month declined to $4.8m. This was 29.4% lower than the $6.8m posted in the previous month.

Online wagering accounted for $4.5m of all revenue in August, with retail’s share amounting to $359,216.

Boot Hill Casino and DraftKings take the lead in August

Breaking down monthly performance by operator, Boot Hill Casino and partner DraftKings led the way in the online segment. The partnership heralded $1.8m in online revenue from $42.9m in bets.

Kansas Star Casino and FanDuel ranked second with $1.6m in revenue and a $27.0m handle. Kansas Crossing Casino and BetMGM rounded off the top three with revenue of $564,204 and $8.0m in player wagers.

In terms of retail, Hollywo..

September 8, 2023

LeoVegas breaks ground with BetMGM UK

The news that BetMGM would be launching in the UK gave its gambling market a much-needed shake. But it was the fact that LeoVegas, not Entain, would be MGM’s launch partner that really set the conversation alight. Gustaf Hagman, CEO of LeoVegas, believes his company is more than ready to take on the challenge.

To say the journey to the launch of BetMGM UK has been complex would be an understatement.

To the uninitiated, an established US-facing brand – a joint venture of two industry giants – has managed to implant itself into the UK market.

But peeling back the layers reveals a different story. BetMGM’s US offering is a joint venture shared between MGM and Entain. But the launch of BetMGM UK doesn’t include Entain at all.

Instead LeoVegas, which was acquired by MGM Resorts last year for $604m, will power BetMGM’s new UK platform. This means that BetMGM UK will be competing directly against Entain’s UK brands, which include the likes of Ladbrokes, Coral and Gala.

Despite the enormi..