Online Gambling – Bookielink

October 18, 2024

State of the Union: Industry, CFG fight over cannibalisation, Bally Bet launches in TN

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.
iDEA report refutes previous NJ economic impact study
The iDevelopment and Economic Association (iDEA Growth) this week released a report that refutes a 2023 study about the economic impact of online gambling in New Jersey. The previous report, by the NERA Consulting Group, itself questioned findings from a 2019 report on the same topic. At issue is just how much of an impact online gambling has had on the economy in New Jersey. The studies also explore the level of cannibalisation caused by online markets.

The iDEA study raised questions about the methodology NERA used.

The 2019 report by Meister Economic Consulting and Victor Strategies found that online gambling contributed $2bn (£1.5bn/€1.84bn) to the Garden State’s economy between 2013 and 2018. The 2023 NERA report, commissioned by the Campaign for F..

August 27, 2024

Yield Sec report: Illegal US gross gaming revenue continues to significantly outpace legal GGR

A new Yield Sec report shared exclusively with iGB shows that the US gambling market reached $39.9bn (£30bn/€35.7bn) in gross gaming revenue (GGR) in the first half of 2024. The company said $29.1bn of that GGR came from illegal platforms between January and June 2024.
Yield Sec uses predictive analytics in its report. The report is for sports betting and online gambling only and reveals $10.8bn in GGR on legal platforms. According to the report, there were 892 illegal operators working in the US in the first half of 2024. In addition, 651 affiliates were promoting illegal platforms.

In 2023, Yield Sec predicted that the US market was $40.9bn in GGR for the year. It appears the 2024 numbers will easily eclipse that. Two new US states entered the live US market in 2024 – North Carolina and Vermont. No US jurisdictions legalised wagering in 2024. North Carolina is the ninth-biggest US state by population and the sixth-biggest legal betting state by population.

Through its first five ..

June 26, 2024

MGCB’s try at examining legal vs illegal activity causing consternation

A new six-page, six-question attestation form issued by the Michigan Gaming Control Board in late April has left some licensed igaming and sports betting suppliers in a corner, unsure how to respond to the open-ended inquiry that the board itself has revealed is more about “information gathering” at this point.

The “Illegal Gaming Attestation Internet Game Content Providers” form may be well-intentioned to stamp out support for illegal actors siphoning business and taxable revenue from Michigan’s legal market, but many stakeholders are concerned. Relationships and involvement in areas where the legal versus illegal activity of igaming is not cut and dried is common. Those operating globally are especially alarmed by some unclear questions and undefined terms. They believe unintended consequences may follow from the Michigan regulators’ methods.

“The form does not define every single relevant term, such as what constitutes ‘illegal gambling’,” said gaming lawyer Susan Hensel of Hense..

March 28, 2024

Slovaks place €21.4bn in bets over 2023 as online market surges

Slovaks placed €21.4bn (£18.3bn/$23.1bn) in bets during 2023, revealed during a press conference held at the office of the country’s Regulation of Gambling Games.

Martin Bohoš, director general of the regulator, stated players in Slovakia were paid €20.4bn in winnings. Contributions to the state rose by over €50m year-on-year to more than €301m.

In state contributions, the online levy accounted for €93m of the total, while fixed-odds bets were responsible for €80.48m. Land-based casinos, meanwhile, contributed €61.9m to the state.

The online market continues to dominate, with 90% of Slovaks preferring to bet online. For number lotteries, however, online betting accounts for just 14% of bets with Slovaks still preferring to play the lottery at land-based venues.

The tax rate for fixed-odds betting in Slovakia is 22% of gross gaming revenue (GGR) for online operators and 6% of turnover for land-based companies. For casino, meanwhile, the rate is again 22% for online operators. For la..

March 25, 2024

India government cracks down on celebrities advertising offshore gambling

India’s ministry of information and broadcasting has warned celebrities and influencers against advertising offshore online operators on social media, stating they could face penal action for doing so.

The ministry’s advisory explained that those with influence in India are prohibited from advertising illegal gambling operators in a surrogate manner. Those who do risk facing “rigorous scrutiny”.

Under the current system, the Indian government can issue notifications to intermediaries such as social media platforms to remove access to posts advertising illegal operators.

Beyond that, celebrities and influencers could also face proceedings under the 2019 Consumer Protection Act. This could lead to social media accounts being disabled, while further penal action can also be administered under applicable statutes.

The advisory highlighted the “significant financial and socio-economic implications of online betting” as reasons not to promote offshore operators.

CCPA warns celebrities o..

November 10, 2023

Affordability checks: GC chief dismisses black market fears

GC chief executive Andrew Rhodes again dismissed arguments that “intrusive” affordability checks would drive customers towards the black market.

In a bid to quell the gathering storm around affordability checks, Andrew Rhodes, the Gambling Commission’s (GC) chief executive, addressed the largest-ever gathering of industry leaders on the 10 November.

Amid conflicts with stakeholders across the UK betting landscape, Rhodes looked to outline the challenges the industry faces with the implementation of the government’s Gambling Act Review white paper.

Affordability polarisation

Acknowledging the increasing polarisation within the industry, Rhodes looked to re-iterate the Commission’s impartiality as an independent regulator.

“We have clear statutory objectives and responsibilities. We don’t have a commercial interest in what happens, but that doesn’t mean we ignore commercial realities,” he said.

“The debate on gambling has been exceptionally hard to engage in during the past year. ..

August 18, 2023

Italy igaming dashboard

Presenting iGB’s Italy dashboard with data provided by Ficom Leisure. Track all the movements in Italy’s online market since 2019, as well as the shifting revenue shares over the period.

January 5, 2023

Missouri sports betting bill introduced

A bill that would permit sports betting in Missouri has been introduced in the state house as the current legislative session begins.

House Bill 581 was sponsored and introduced on 4 January 2023. It was sponsored by representative Phil Christofanelli.

If passed, the bill would repeal three sections of the current law and enact seventeen new ones related to sports gambling.

The bill would enable land-based casinos to offer sports betting as well as to partner with suppliers to offer sports gambling online.

Number of sports betting operators in Missouri

Each land-based casino can partner up with three online sports gambling brands , with a limit of six online partners for companies that own multiple casinos.

The proposed amendments would also allow Missouri-based sports teams to partner with a digital sports gambling provider to launch an online service. Sports teams to qualify must play in the NFL, MLB, NHL, NBA, MLS, WNBA or NWSL.

The state has multiple sports teams that would..

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Tag: Online Gambling