Betting News – Page 138

May 9, 2023

NY mobile sports betting revenue and handle up in April

Mobile sports wagering revenue and handle in New York both increased year-on-year during April, although the state experienced month-on-month declines.

Player spending in the month amounted to $1.54bn, which was 10.8% higher than $1.39bn in April 2022 but 14.0% behind the $1.79bn wagered in March of this year.

Gross gaming revenue followed a similar pattern, with the $138.8m generated in April being 33.3% up from $104.1m in the same month last year, but 14.7% lower than $162.8m in March.

Read the full story on iGB North America

May 5, 2023

Betfred to sponsor St Leger Festival

Betfred, the Arena Racing Company (ARC) and Doncaster Racecourse have entered into a new partnership in regards to the St Leger Festival, which will see Betfred become the title sponsor.

This year’s edition of the Betfred St Leger Festival will take place on 14-17 September.

The sponsors will also have branding tied to other races, including the May Hill Stakes, the Doncaster Cup and Champagne Stakes.

“To have the Betfred name attached to the St Leger Festival is not just a sponsorship but a privilege,” said Fred Done, CEO of Betfred. “I am proud to be associated with the world’s oldest classic which is obviously synonymous with great horses like Triple Crown winner Nijinsky, Dunfermline for the Queen and Oh So Sharp for Sir Henry Cecil.”

Martin Cruddace, CEO of ARC, said the company was pleased to have Betfred involved in sponsoring the St Leger Festival.

“We are absolutely delighted to welcome Betfred as the headline sponsors of the St Leger Festival and of the Betfred St Leger ..

May 5, 2023

PointsBet launches horse racing product

Australian-based operator PointsBet has announced the launch of its horse racing product PointsBet Racing.

PointsBet Racing – which is now live in 25 states – was created in partnership with 1/ST Technology, a subsidiary of thoroughbred racing company The Stronach Group.

The app will feature many famous tracks around the world, including content from each branch of the Triple Crown American horse racing championship.

The operator said that over 180 tracks total would be included on the app, from venues in the US, UK, Ireland, Hong Kong, Japan and Australia.

The platform will have in-built live streaming and replay capabilities, single user account sign-on and “deep link” integration across the business’ digital products. Also included will be statistical and factor compilation, new user education tools as well “seamless” deposit and withdrawal services.

PointsBet Racing

The product is a result of an October 2022 agreement between 1/ST Technology and the business, who then announc..

May 5, 2023

Kambi scores sportsbook extension with long-term partner Paf

Sports betting solutions provider Kambi Group has signed an extension to its sportsbook deal with long-term partner, Nordic operator Paf.

Under the agreement, Paf will continue to leverage Kambi’s technology to power its online sports betting offering.

Paf, which began working with Kambi back in 2011, is licensed and controlled by the local government of Åland in Finland. The operator’s Paf brand is live in Finland, Sweden, Spain, Latvia and Estonia.

Swedish-focused sub-brands No Account Bet and Speedy Bet have also been added to the Paf group of brands.

“Kambi has played an important role in our journey as we have continued to establish Paf in regulated European markets,” Paf chief gaming officer Kim Johansson said. “The Kambi betting client, combined with a broad suite of great products have helped us to deliver an excellent experience for our customers, and we are excited at the prospect of building on this in 2023 and beyond.”

Kambi co-founder and chief executive Kristian Nyl..

May 5, 2023

2023 NBA Playoffs Odds Tracker powered by Kambi

May 4, 2023

Genius strikes deal with Chinese Taipei Football Association

Genius Sports has entered into a long-term data, streaming and integrity partnership with the Chinese Taipei Football Association (CTFA), which is the official data rights holder of Taiwan football.

The partnership will cover the CTFA’s premier competitions, including the Taiwan Football Premier League, the Taiwan Mulan Football League and the Second Division Taiwan Football League.

As part of the partnership Genius will provide its data insights and technology to the CTFA with the aim of bolstering fan experiences. Genius will also help the CTFA to commercialise its sports data and promote their streaming content.

“We’re proud to enter this wide-ranging partnership with the Chinese Taipei Football Association, providing our proven official data, streaming, competition management and integrity solutions,” said Jagdish Singh, head of customer success, APAC at Genius. “Our technology will be central to their strategy to drive new revenues, engage fans and protect their competitions.”
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May 4, 2023

New York greenlights $455m racing Belmont development

On 2 May, New York State lawmakers approved the FY2024 budget, which included funding for a $455m (£362.0m/€412.2m) loan to renovate and upgrade the Belmont Park race track.

Non-for-profit racetrack operator the New York Racing Association (NYRA) is charged with developing the project to build the new thoroughbred racing facility at Belmont Park.

The NYRA said that the “significant” construction development would have no cost to tax payers, due to being funded through loans that the operator is obliged to pay back to the state government.

Belmont Park’s existing grandstand and clubhouse are to be replaced with a new building, designed to “reflect the evolution” of racing and wagering since the site was last redeveloped in 1968.

In keeping with the declining popularity of racing in New York, the new construction is to be smaller, with the current 1.25 million square foot facility set to be replaced with a 275,000 square foot structure.

According to the NYRA, the new building is to..

May 4, 2023

Buying and selling the future of US sports betting

WagerWire is taking the simple concept of buying and selling bets and aiming to disrupt the US sports betting industry. As it looks to do away with transactional sportsbook experiences, and operators buy into the vision, chief experience officer Travis Geiger tells iGB there’s a new breed of executives ready to take charge.

“From the bettor’s point of view, it’s like StockX or Coinbase,” chief experience officer Travis Geiger says of WagerWire’s core proposition. “We want to be your central hub for all things sports betting. We’re not just trying to sign you up; we’re trying to be a part of your betting journey.”

It’s a big claim, but WagerWire is entirely different from any other US sportsbook. It holds affiliate vendor licences in 16 US states as well as Washington DC, Puerto Rico and Ontario. Not to mention affiliate partnerships with some of the biggest names in the industry – but the core product feels unique to that sector as well.

Want to understand WagerWire? Think StockX, ..

May 3, 2023

Delaware sports betting handle continues to decline in March

Player spending on sports wagering in Delaware fell to a seven-month low in March, although the state was able to report an increase in igaming wagers.

Betting handle for the month amounted to $3.5m, which was 32.7% lower than $5.2m in the same month last year and 14.6% behind the $4.1m wagered in February this year. This was also the lowest monthly total since August 2022.

However, sports wagering revenue was $544,385, only marginally lower than $553,465 in March 2022 and 77.6% higher than $306,573 in February.

Read the full story on iGB North America