Betting News – Page 38

May 13, 2024

Tennessee sports betting records further year-on-year gains

Gross mobile sports betting wagers in Tennessee increased 20.7% year-on-year to $384.2m (€356.5/£306.6m) in April.

In April, Tennessee sports betting saw a year-on-year rise that was almost identical to the 20.6% recorded in March. However, wagers collected in April were well down on the $473.6m collected in March, which enjoys a busy sports schedule.

With some $3.3m of income attributed as adjustments, overall gross handle was recorded as $380.9m. This compared to $472.0m in March, with no comparable figure released in April 2023.

In terms of privilege tax from sports betting, the state collected a total of $7.0m. This was up 9.4% compared to last year.

The Tennessee Sports Wagering Council does not publish data regarding monthly revenue, nor any information on individual operator performances.

Who is active in Tennessee sports betting?

While data on Tennessee sports betting is limited, the Volunteer State does feature some of the leading names in US sports betting. BetMGM, FanD..

May 13, 2024

Betano named sponsor and betting partner of top Argentina football league

Betano will be the new sponsor of the top football league in Argentina after Kaizen Gaming and the Argentina Football Association (AFA) announced a partnership.

The top division in Argentina will now be known as Torneo Betano commencing from the opening of the season this past weekend. Meanwhile, the cup competition Copa de la Liga Profesional will be renamed Copa Betano from next season onwards.

Betano will also be the league’s exclusive betting partner following its launch in Argentina earlier this year.

AFA president Claudio Tapia is excited for the potential of the new deal.

“The Liga Profesional de Fútbol is, without a doubt, one of the most important and popular sports competitions in Argentina,” Tapia said. “This agreement with Betano strengthens our vision and confirms, once again, the massive reach of Argentine football.”

Kaizen’s chief commercial officer, Julio Iglesias, added: “Our new partnership with the AFA reinforces our growing dedication to the Argentinian footbal..

May 13, 2024

ITIA bans two tennis players for corruption linked to Belgian syndicate

The International Tennis Integrity Agency (ITIA) has banned two tennis players for corruption linked to a syndicate in Belgium.

The ITIA has issued Alejandro Mendoza Crespo with the maximum penalty of a lifetime ban from tennis for 20 offences. Meanwhile, Jorge Panta Herreros has been suspended for three years for four infringements.

The sanctions were handed down by independent anti-corruption hearing officer Professor Richard McLaren. This came after a formal hearing in early March, with the suspensions effective from 4 April onwards.

Mendoza and Panta were also issued with fines of $250,000 (£199,619/€231,942) and $10,000 respectively. The pair will be banned from playing, coaching or attending any event sanctioned by ITIA members, including the ATP and WTA.

Last week, Eduardo Agustín Torre was suspended for five years following 35 breaches of the Tennis Anti-Corruption Programme (TACP). Torre was also fined $35,000.

New ITIA sanctions follow syndicate-related tennis bans

The ..

May 13, 2024

Iowa posts year-on-year sports betting market growth in April

Sports betting handle in Iowa increased 21.4% year-on-year to $209.5m (£167.2m/€194.5m) in April, while the state also reported higher revenue for the month.

Player spending in April is comfortably clear of the $172.6m wagered in Iowa in the same month last year. However, the April total fell short of March’s total spend of $272.4m and also behind the $220.6m bet in February.

Of the total wagered in April, $196.6m was bet online and $12.9m via retail sportsbooks across Iowa.

An increase in player spending helped push revenue to $16.5m. This is 17.0% more than last year but a drop of 9.3% from $18.2m in March.

Online sports betting generated $15.7m in revenue during April, while retail drew $812,305.

Total player winnings for the month reached $192.3m, including $180.9m from online and $12.1m retail. As for tax, this amounted to $1.1m.

Who is winning in Iowa?

As has been the case for some time, FanDuel and partner Diamond Jo Dubuque remain out in front in Iowa. During April, the ..

May 13, 2024

Indiana sports betting handle and revenue up in April

Indiana reported a year-on-year increase in both handle and revenue for its regulated sports betting market in April, although the state also posted month-on-month declines.

Total handle in Indiana in April amounted to $393.9m (£314.4m/€365.7m). This is 22.6% ahead of $321.4m last year but 21.4% short of March’s $500.8m figure.

Basketball was once again the sport of choice for bettors in the state, attracting $121.5m in total wagers. Indiana is home to NBA franchise the Indiana Pacers and Indiana Fever of the WNBA, as well as a raft of college teams.

Meanwhile, players spent $67.7m betting on baseball during April and a further $2.9m on American football. Some $84.8m was bet across other sports while parlay betting totalled $116.8m.

In terms of revenue, taxable adjusted gross revenue for April hit $37.1m. This is 26.2% up from $29.4m in April 2023 but 5.8% less than $39.4m in March of this year.

Indiana does not publish a sport-by-sport breakdown for monthly revenue. However, it w..

May 13, 2024

New York online sports betting handle tops $1.96bn in April

Players in New York spent $1.96bn (£1.56bn/€1.82bn) betting on sports online in April, one of the highest monthly figures since the state’s legal market launched in January 2022.

Handle is 27.3% higher than $1.54bn in April last year and 6.0% up from $1.85bn in March of this year. It is also the fifth highest monthly spend total on record in New York.

As for gross gaming revenue from sports wagering, April’s total hit $183.8m. This is 32.4% up from $138.8m in April 2023 and 21.2% ahead of March’s $151.7m haul.

The all-time monthly revenue record in New York stands at $211.5m, set in January this year. As for handle, players bet an all-time high of $2.11bn in November 2023.

FanDuel still the one to beat

Flutter Entertainment-owned FanDuel continues to hold a healthy lead in New York. During April, the operator posted $91.0m in revenue off $780.5m, both some way clear of the chasing pack.

DraftKings remains FanDuel’s closest challenger, reporting revenue of $63.2m and a $737.0m ha..

May 10, 2024

State of the Union: A look back at the week that was in North America

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Legal wagering, HHR ban bill combined in Minnesota

On Friday (10 May) Minnesota state representative Zack Stephenson combined his legal wagering and historic horse racing bills. The house ways and means committee moved the bill, now HF 5274, to the house floor. Should it pass, legal digital wagering would be allowed, but HHR machines would be prohibited.

👀 Speaker Hortman told reporters today that odds of getting sports betting done in these dwindling #mnleg days are going up again — currently at 60-40, she said. Cited productive talks. Said HHR ban would need to be part of any deal.
— Torey Van Oot (@toreyvanoot) May 9, 2024

Combining the bills does not solve any of the issues that have held up sports betting legalisation. The state’s two racetracks, who want a slice of the wagering pie, remain opposed. M..

May 10, 2024

Vasco da Gama and Betfair sign biggest sponsorship in club history

Vasco da Gama and Betfair have signed the biggest sponsorship in the club’s history as Brazil prepares to launch its fully regulated sports betting market.

The deal between Vasco, who play in the top-flight football league in Brazil, and Betfair, will run until 31 December 2025.

The agreement, despite being billed as the “biggest”, did not disclose the final price. It is also understood that the sponsorship could be renewed for two additional seasons.

Vasco’s men’s team will feature Betfair’s branding on their kit. Meanwhile, the women’s team will have it on the shoulderblade of their shirts. Vasco will debut the Betfair brand on its shirt in their game against Vitória in the league on 12 May.

The deal will feature extensive cooperation between Vasco and Betfair, with activities also included that will be aimed at the club’s fans. These will see the likes of regular raffles, prizes with VIP tickets and other unique experiences with the team.

Lúcio Barbosa, Vasco chief executive, ..

May 10, 2024

Maryland sports handle up almost 50% in April

Maryland’s sports betting market enjoyed another huge double-digit rise in revenue during April, with more than $480m (€445.3m/£383.4m) generated.

Maryland saw sports betting revenue rise by 48.1% year-on-year to $486.3m during the month. Retail accounted for $11.3m of handle, with around 98% coming from mobile.

The US state recorded hold of 10.4%, with $435.9m paid out in prizes. This was compared to hold of 10.9% in April 2023 on $292.8m. Promo play in Maryland was up from $9.0m to $11.1m.

Taxable win was at $38.0m in April, which was up on $25.8m in the prior period. This led to a 47.1% rise in the contribution to state of $5.7m. This was the fourth-best single-month total since Maryland’s online sports betting market went live in November 2022.

Maryland’s sportsbooks have collected almost twice as much handle as at the same point last year. From July 2023 through April 2024, sports wagering was up 96.7% to $4.6bn. Prizes paid out were more than double at $4.1m compared to $2.0b..

May 10, 2024

Betano goes live in the UK with BVGroup

Global gaming platform Betano has launched in the UK through a partnership between owner Kaizen Gaming and BVGroup.

Betano arrives in the UK having already established its presence in Europe and Latin America. Betano’s move into the UK comes during a year in which it has become an official sponsor of the forthcoming Uefa Euro 2024 and CONMEBOL Copa America 2024.

BetVictor owner BVGroup owns licences in the UK, Republic of Ireland, Gibraltar and Ontario. It services multiple brands across sports betting, casino and bingo.

“The unveiling of Betano in the UK is the latest addition to BVGroup’s extensive track record of successful launches. This further strengthens Betano’s worldwide footprint,” the partners said in a statement.

UK customers will enjoy a full range of features, including bet boosts and the recently released Lucky Dip. BVGroup’s safer gambling tools include Sentinel, which provides automated messaging and risk assessment.

Julio Iglesias Hernando, CCO of Kaizen, said: “..

May 10, 2024

FanDuel TV launches new streaming channel

FanDuel TV, the television network of operator FanDuel, has announced the launch of FanDuel TV Extra, a new free streaming channel.

FanDuel claims its new free ad-supported streaming television (FAST) channel shows more live sports than any other FAST channel currently out there, making it the “premier destination” for sports fans looking to watch and bet concurrently.

FanDuel TV Extra is currently available through streaming platforms such as Pluto TV and the Roku Channel. It’s also accessible through FanDuel’s over-the-top streaming platform FanDuel TV+.

Bettors can access coverage of international basketball from countries such as China and Turkey, as well as football from the South Korean K-League. Also available will be Professional Darts Corporation and PokerStars events.

Having launched FanDuel TV back in September 2022, executive producer and senior vice-president Kevin Grigsby believes the new channel will help with customer acquisition. Grigsby also revealed that it was l..

May 10, 2024

DraftKings to acquire Sports IQ Analytics

DraftKings has agreed a deal to acquire Sports IQ Analytics, a business that uses artificial intelligence and machine learning to provide software solutions to the online sports betting market.

Full details of the agreement have not been disclosed, with the acquisition having only been confirmed on LinkedIn by Sports IQ CEO Omer Dor. DraftKings has yet to comment on the news.

Based in Vancouver in Canada, Sports IQ supports companies with software for online sports betting. Solutions cover more than 12,000 events every year, offering access to hundreds of in-play markets.

“I’m excited for this next chapter in the Sports IQ Analytics journey,” Dor said. “In DraftKings, we join a team whose desire for winning and being the best matches our own.

“I feel privileged for the last six years, working alongside the incredible group of people that make the Sports IQ team. They are hardworking intelligent and passionate and I’m so excited that we get to bring our skills and energy to DraftKin..

February 2025
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