Online sports betting – Page 23

June 18, 2024

Arizona posts year-on-year sports betting growth in April

Higher spending on sports betting led to a 26.1% year-on-year rise in adjusted gross revenue (AGR) in Arizona, while the Grand Canyon State also reported a month-on-month increase in revenue.

Starting with handle, total spend in Arizona on April hit $656.3m (£516.9m/€611.6m). This is 22.5% higher than last year but 13.6% behind $759.8m in March this year.

Arizona consumers spent $649.9m betting online in April and $5.0m at retail sportsbooks. A further $1.4m was bet through limited event wagering (LEW) operators during the month.

Players won $591.8m from sports betting, leaving $63.3m in AGR prior to the impact of free bets. This includes $62.9m from online wagers, $298,458 retail and $55,098 LEW operators.

After deducting $19.9m in free bets and promotional credits, this left $43.4m in AGR. This is 26.1% higher than $34.4m last year and also 14.2% more than March’s $38.0m total.

Online betting generated $43.0m in AGR after free bets, with retail’s share at $289,208 and LEW operat..

June 18, 2024

Massachusetts May handle up on last year as DraftKings maintains top spot

Player spending on sports betting in Massachusetts fell for the second consecutive month in May, although the Bay State was able to report a year-on-year rise in handle.

Overall betting handle for the month hit $587.3m (£462.7m/€547.6m), 32.4% higher than May last year, but 2.7% behind the $603.3m wagered in Massachusetts in April this year.

Online handle across the six sites active in the state accounted for 98% of all bets placed.

In terms of revenue, this amounted to $57.0m in taxable betting revenue for May. The monthly total is 4.0% lower than $59.4m last year. However, it is a 16.1% increase on the $49.1m posted in April this year.

Online betting accounted for $56.9m of all taxable revenue during May. In contrast, just $105,629 came from the retail betting sector.

Overall revenue hold across all operators hit 10% in May.

A Deutsche Bank analyst note on the month’s figures noted the calendar in May was favourable for betting and gaming, with nine weekend days in May of 2024..

June 18, 2024

Illinois betting handle up 22.8% to $1.10bn in April

Sports betting handle in Illinois jumped 22.8% year-on-year to $1.10bn (£868.2m/€1.03bn) in April, while revenue also edged up year-on-year.

The Illinois April figure was 22% higher than the $898.6m wagered in the same month last year. However, it was down 12.7% from the $1.26bn bet in Illinois in March of this year.

Of the total amount wagered in April, some $1.07bn was spent betting across the eight online platforms available in the state. The remaining $31.8m was attributed to in-person betting.

Professional sports drew the most wagers at $1.05bn, with $1.02bn being bet online and $29.1m in-person. The data, published by the Illinois Gaming Board, does not include a breakdown by sport.

College sports wagers topped $44.3m, split $41.7m online and $2.6m retail. The other $640,758 was bet on motor racing, including $608,030 online and $32,728 in-person.

FanDuel takes top spot in April

Looking at individual operators in Illinois, FanDuel led the way in terms of revenue. During Apr..

June 17, 2024

US Supreme Court declines to hear Florida sports betting case

It's likely the end of the road for WFA's case as the Seminole tribe can continue operating its sportsbook product in Florida, closing the door for commercial operators.

On Monday (17 June) morning, the US Supreme Court denied the writ of certiorari (court process to seek judicial review of a decision) in the the Florida sports betting case filed by West Flagler and Associates (WFA). The decision means that digital sports betting can remain live in Florida. From here, WFA could again try to pursue its case through the Florida state court system.

In March, the Florida Supreme Court said it would not hear WFA’s quo warranto bid, calling it the wrong “vehicle” for the Florida sports betting case. The decision left the door open for WFA to re-file in a lower Florida court.

The case was first filed in federal court in the second half of 2021. At the federal level, WFA has now exhausted all routes.

“The Seminole tribe of Florida applauds today’s decision by the US Supreme Cour..

June 15, 2024

MLB umpire disciplined for violating gambling policy

On Friday (14 June) Major League Baseball (MLB) announced it had disciplined umpire Pat Hoberg for violating the league's sports gambling policy. Hoberg has appealed the decision, which was first reported by The Athletic.

The exact details of Hoberg’s penalty are unknown, but he has not appeared in a game this season. In its statement on Friday, MLB said Hoberg did not directly manipulate games, but did not rule out him betting on baseball.

Per league rules, betting on baseball is punished with a year-long ban. Betting on games in which one is playing, coaching or officiating results in a lifetime ban.

Hoberg is appealing the decision.

“During this year’s spring training, Major League Baseball commenced an investigation regarding a potential violation of MLB’s sports betting policies by umpire Pat Hoberg,” the statement read. “Mr Hoberg was removed from the field during the pendency of that investigation.”

Despite there not being “any evidence that games worked by Mr Hober..

June 14, 2024

US May round-up: Kansas sports betting growth, Detroit casino revenue rises

Taking a look at some of the latest monthly US state results, iGB analyses a year-on-year rise in sports betting revenue in Kansas during May and growth in the land-based casino market in Detroit, Michigan.

Sports betting revenue in Kansas was 10.1% higher at $9.8m (£7.7m/€9.1m) in May. As for Detroit, revenue from land-based casinos increased 7.2% to $113.2m.

Beginning the analysis in Kansas, despite year-on-year growth, revenue was 5.8% lower than the $10.4m generated in April. Some $9.6m of all sports betting revenue came from online activity, with retail contributing $155,888.

In terms of handle, total player spending in May hit $172.2m, an increase of 43.1%. Of this, $164.1m was wagered online and $8.1m at retail sportsbooks across Kansas.

The state collected a total of $976,764 in sports betting tax, most of which also came from online wagering.

FanDuel and Kansas Star lead the pack

FanDuel, partnered with Kansas Star, took the lead in the Kansas online betting market in Ma..

June 13, 2024

DC betting handle rockets 450% in FanDuel’s first full month

FanDuel generated $4.9m (£3.8m/€4.5m) in revenue during its first full month of running as the official sports wagering platform of the Washington DC Office of Lottery and Gaming (OLG).

In its first full month of operation in Washington DC FanDuel reported it had taken $29.7m in bets during May, some 450.0% more than the $5.4m wagered in the same month last year with previous incumbent GambetDC. Players won a total of $24.9m from betting with FanDuel last month.

FanDuel officially took on its new role in DC on 15 April. This followed the Office of Lottery and Gaming (OLG) completing its transition from Intralot-run GambetDC, its long-term partner for sports betting.

The $4.9m generated by FanDuel this May eclipses the $711,282 posted by GambetDC in the same month last year. Revenue is calculated by taking player winnings off total bets placed during the month.

Incidentally, the amount generated by – and bet with – FanDuel is higher than all operators combined for any previous mont..

June 12, 2024

DC sports betting: Open, competitive market coming? It sure looks like it

On Wednesday (12 June) the DC Council took the first step toward opening the city's sports betting market by approving a FY2025 budget that includes the Sports Wagering Amendment Act of 2024. The council unanimously approved the budget during a legislative meeting. There will be a second vote as early as next week.

The decision to open the market was not without controversy. An amendment that would have removed the new sports betting plan was defeated, 4-9, after heated discussion. Two key issues around DC sports betting were at play on Wednesday. Some council members said they were concerned about the “speed” at which the change has moved forward. Others said small businesses that currently benefit from having wagering kiosks could lose the opportunity.

In the current scenario, the Office of Lottery and Gaming (OLG) has a monopoly on online wagering. As of April, FanDuel was the only operator that could offer digital betting throughout the District. BetMGM and Caesars Sportsb..

June 12, 2024

State regulators tell illegal gambling operator to back off or face legal action

Bovada is one of – if not the – leading black-market sports betting operators taking wagers in the US. Already banned in five states, regulators in Michigan and Connecticut are now taking aim at keeping the platform out of their markets.

Since the US Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in 2018, a key goal for legal US stakeholders is stamping out the black market.

The federal government in 2011 had success in taking down the original Poker Stars, which was operating illegally in the US. The same year, the DoJ settled with Laura Varela and Costa Rican sportsbook 5Dimes, which also operated in the US.

But since then, there has been seemingly little activity in relation to keeping illegal gambling operators out of the American market. In May the Michigan Gaming Control Board (MGCB) became the first US regulator to send a cease-and-desist letter to an offshore operator.

“Bovada, you are out!”

On 29 May, the MGCB gave Curaçao-based Bo..

June 11, 2024

How senate redistricting could make Alabama more gambling friendly

A seemingly unrelated legal battle playing out in a federal courtroom could have an impact on the future of gambling in Alabama. The case, centred on the potential redrawing of state senate districts in Montgomery and Huntsville, may hold the key to whether the state legalises casinos, sports betting, or lottery in 2025.

The backdrop for this potential shift lies in the narrow defeat of gambling legislation in the Alabama senate in April. The bill fell short of passage by a single vote.

Proponents of the legislation, which included both Democrats and Republicans, argued that casinos would generate significant tax revenue for the state, create jobs and boost tourism. The Public Affairs Research Council of Alabama previously reported analysis that showed that gambling could lead to $749m in annual state revenue. Other reports put the total at as much as $1.2 bn.

On the other hand, opponents, primarily on moral grounds, expressed concerns about the potential social ills associated with..

June 11, 2024

US May round-up: Year-on-year growth in Iowa, Maryland and Tennessee

Analysing the latest monthly state sports betting reports in the US, iGB takes a look at year-on-year growth across Iowa, Maryland and Tennessee during May.

Player spending was higher in each state in May. Revenue also increased in both Iowa and Maryland during the month, although Tennessee no longer reports this data.

Beginning the monthly analysis in Maryland, player spending on sports betting in May hit $431.5m (£338.9m/€400.7m). This is 34.8% ahead of last year but 11.3% behind April’s total spend of $486.3m.

Of this total, $419.5m, was bet online, while consumers wagered a further $12.0m at retail facilities.

As for revenue, after deducting prizes, promotional wagers and other amounts, this stood at $46.6m. The monthly total is 50.3% higher than last year and 22.6% more than April, despite a lower handle.

Some $45.7m of all taxable win came from online betting, with retail contributing $875,290.

It was also noted Maryland was able to collect $7.0m in tax, including $6.9m fro..

June 11, 2024

Former Inspired CCO launches Playbook Fusion B2B games studio

Steve Rogers, the former, long-time chief commercial officer of Inspired Entertainment, has launched Playbook Fusion, a new B2B games studio aiming to deliver a new genre of betting products.

Playbook Fusion will seek to combine gambling and video games to develop a new genre of sports-themed betting products. This content will be made available to operators in markets around the world.

Each title, Playbook Fusion says, will offer a deeper and more persistent experience than the games currently available. This, it adds, will require players to use skills and optimise their strategy to impact the outcome of each game.

“Recognising how players of video games enjoy the feeling of ownership and pitting their skills against other players in the global community, Playbook Fusion takes that same desire for connection and community into the sphere of gambling,” Playbook Fusion said.

Playbook Fusion targets immersive experiences

Rogers worked with Santiago Jaramillo to develop and launch..

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Tag: Online sports betting