Betting News – Page 183

October 24, 2022

Online slots boost German gambling tax revenue to €596.1m in Q3

German gambling tax revenue came to €596.1m in the third quarter of 2022, a year-on-year increase driven mostly by growth of online slots.

The total German gambling tax take was up by 15.5% year-on-year.

Of this total, €123.2m came from online slots. This was up drastically from Q3 of 2021, when operators paid only €32.7m in taxes during the first quarter under Germany’s new Fourth State Treaty on Gambling.

As part of the new regime, online slot operators must pay 5.3% of stakes in taxes, which has been a major source of controversy.

Only a small number of operators were licensed to offer online slots in Germany in Q3, but a transition period is in place which means that operators will not face enforcement action as long as they keep to the rules of the State Treaty and pay gambling taxes.

Online poker tax income was €8.0m, slightly more than double the total from a year earlier. Like slots, online poker is also subject to a 5.3% tax on stakes, and – with no licensees yet – the en..

October 21, 2022

A natural evolution for player props

It makes sense that increased availability of player prop bets and integration of insights into betting would converge. Daniel O’Boyle speaks to Henry Newman, CEO of Sporting Risk, about his business’ combined pricing and facts tool for player props.

Two rising forces in sports betting lately have been – in terms of purely trading and markets – an effort to include more player proposition bets and, from a more user-experience-led perspective, a greater effort to integrate insights into the product.

So it only makes sense that these two products would converge.

Henry Newman, CEO, Sporting Risk

Still, it may be surprising to see who has brought a product combining player prop trading and facts for consumers to market first. It wasn’t from one of the data giants or a widely known sportsbook provider, though it was from a group that has made its living from bookmakers for some time.

Henry Newman, chief executive of Sporting Risk, notes that his company’s history in running a successfu..

October 21, 2022

Great Canadian to launch sportsbooks at its casinos with Kambi deal

Land-based gaming and entertainment company Great Canadian Entertainment is set to launch sports betting at its venues, thanks to a new deal with Kambi.

As part of the deal, Kambi will provide its retail sportsbook product to ten of Great Canadian Entertainment’s Ontario-based casinos.

This includes Kambi’s sportsbook solution, as well as betting kiosks.

Read the full story on iGB North America

October 21, 2022

Initial 29 applicants register interest in Massachusetts sports betting licences

The Massachusetts Gaming Commission (MGC) has revealed 29 potential applicants have registered an interest in securing new sports betting licences in the US state.

On 7 October the state’s regulator released a scoping survey, a required prerequisite of a sports wagering operator application in Massachusetts. Parties interested in applying were required to submit the survey by 17 October so that the MGC could begin reviewing those that plan to apply.

The MGC said that it received 29 operators scoping surveys from potential applicants for Category 1, 2 and 3 Sports Wagering Licences by the deadline. Three were in relation to Category 1 Licences, three from parties interested in Category 2 Licences, and 23 came from potential Category 3 Licence applicants.

Read the full story on iGB North America

October 21, 2022

Belgium’s €200 loss limit comes into force

Belgium’s new €200 weekly loss limit has officially come into effect, three months after a royal decree on the subject was published.

The lower limit was announced in July by a royal decree, having been put forward by minister of justice Vincent Van Quickenborne.

Previously, net deposits were limited to €500 per week, after an April 2020 decree.

The limit will continue to apply on a per-site basis, after attempts to introduce a “global” limit – to apply across all operators – fell through.

Players may request to have their limit raised, but only if they are not registered as defaulters with the Central Individual Credit Register of the National Bank.

“It is always possible for players to request a lower personal limit from the operators,” the Belgian Gaming Commission said. “To keep gambling fun, it is recommended to spend no more than 5% of income on gambling.”

Belgium is also hoping to implement a complete ban on all non-lottery gambling ads, a measure that has been the source ..

October 21, 2022

UFC bans fighters from betting on matches

Mixed martial arts (MMA) series the Ultimate Fighting Championship (UFC) has amended its rules and regulations to ban fighters from betting on UFC fights.

Fighters will be prohibited from placing bets on any UFC match, including those in which they are competing. This applies to athletes wagering directly or through a third party.

The UFC noted that most states in the US already have a ban in place on UFC fighters betting on official UFC matches, with any breaches of this rule being deemed illegal and may result in some form of criminal sanction.

In the majority of states, this ban extends to some or all relatives living in the same household as an athlete, as well as an athlete’s coaches, managers, handlers, athletic trainers, medical professionals and staff, or any other person with access to non-public information regarding the UFC.

In addition, the UFC’s rules and regulations now read that any athlete who becomes aware or has knowledge of any breach of its rules should reportin..

October 20, 2022

Gibraltar to replace one-size-fits-all licence fees with tiered system

Gibraltar is set to implement a new, tiered system for gambling licence fees, meaning that larger operators will pay more and smaller ones less, as part of a package of reforms for the point-of-supply market.

The British Overseas Territory launched a consultation on new licence fees, following its earlier proposal for a new Gambling Act.

Previously, operators of remote betting, remote gaming, other remote products, land-based gaming and retail betting each had to pay a £100,000 licence fee every year. B2B suppliers, meanwhile, were required to pay an £85,000 annual fee.

However, in its consultation, the government said that “licensing fees for startup operators and small operators who are building for growth can be a disproportionate cost in the early stages of the life cycle of the business”.

As a result, it opted for a new, tiered system for remote betting and gaming licences, based on annual gross gambling yield (GGY).

As operators need to apply for a separate licence for each..

October 20, 2022

Mississippi reveals year-on-year sports betting handle decline in September

Player spending on sports betting in Mississippi fell 21.4% year-on-year during September, though revenue in the US state remained level.

Wagering handle for the month amounted to $43.1m (£38.3m/€44.0m), down from $54.8m in September 2021, but more than double the $21.2m spent by consumers in August of this year.

However, despite the decline in spending, revenue was level year-on-year at $8.8m, with this figure also 225.9% higher than $2.7m in August.

Coastal casinos remained the most popular venues to place bets on sports in Mississippi, with players wagering a total of $28.1m and the casinos turning a revenue of $5.5m.

Handle for central casinos was $8.2m, with revenue at $1.8m, while spending at northern casinos totalled $6.9m and revenue $1.6m.

Football overtook baseball to become the sport of choice among players, with $16.5m bet at coastal casinos, $3.1m at central casinos and $4.4m at northern casinos.

Win percentage for the month was 20.4%, an increase from 16.1% in Septe..

October 20, 2022

Oregon reveals further sports betting growth in September

Sports betting revenue and handle in Oregon both increased year-on-year in September, while the US state also reported month-on-month growth across the market.

Player spending for the month amounted to $39.3m (£34.9m/€40.0m), up 57.2% from $25.0m in September 2021 and also 39.4% higher than the $28.2 wagered by consumers in August of this year.

Gross gaming revenue for the month reached $5.5m, an increase of 358.3% on last year and more than double the $2.7m generated in August.

Almost all revenue came from DraftKings, with just $163 generated by Scoreboard. The Oregon Lottery’s Scoreboard online sportsbook has been phased out and replaced by DraftKings, but still pays out on bets placed before this process began.

Football overtook baseball to become the most popular sport among consumers in Oregon, attracting $14.8m in wagers and producing $3.3m in revenue.

Baseball slipped to second with a $11.2m handle and $1.1m in revenue, then soccer with $4.6m in bets and $300,293 in revenue..