Online sports betting – Page 29

April 26, 2024

Kambi pens sportsbook deal with the Choctaw Nation of Oklahoma

Kambi Group has entered into a multi-state sportsbook agreement with Choctaw Nation of Oklahoma, one of the largest Indian Nations in the US.

Under the deal, Kambi will provide its sports betting technology and services to the Choctaw Nation’s gaming entities. This covers both online and retail sports betting.

The Choctaw Nation operates Choctaw Casinos & Resorts, which owns a network of gaming and hospitality destinations throughout south-eastern Oklahoma. Properties include its flagship casino location near to the Texas border.

The deal comes despite Oklahoma having not yet legalised sports betting and the placing of bets, either in person or online, remains illegal. This is despite the state having more than 130 Native American gaming and casino facilities.

Kambi, however, notes that the new agreement includes scope to expand into other states, both across online and retail, pending regulatory approvals.

“Landmark” sports betting deal for Kambi

Kambi’s CEO and co-founder Krist..

April 25, 2024

NHL Coyotes leave Arizona. What will happen to their event wagering licence?

Salt Lake City welcomed the NHL team that was formerly the Arizona Coyotes on Wednesday (24 April) night. When the team boarded a plane headed north, it would seem that it had vacated an event wagering licence in Arizona. But SaharaBets is still live and the situation might not be as clear as it appears.

The Arizona Department of Gaming told iGB via email that neither the team nor SaharaBets had been in contact. The NHL is calling the Coyotes franchise “inactive” and the sale to a Utah-based group is a bit unusual, as current owner Alex Meruelo retained rights to the name, team IP, records and the AHL Roadrunners affiliate franchise.

It appears that unless the Coyotes or SaharaBets makes formal contact with ADOG, the site will remain live. In this situation, ADOG doesn’t appear to have a way to take action. Rather, the state legislature could clarify language saying that a team must be active to have an Arizona event wagering licence.

“The department is aware of the recent reports ..

April 25, 2024

CFL suspends three-time Grey Cup champion Lemon for betting on own team

Shawn Lemon has become the third professional athlete playing for a Canadian team to be suspended for breaking sports betting rules.

On Wednesday (24 April), the Canadian Football League (CFL) announced that it is suspending Lemon – who played on three Grey Cup winning teams during his career – indefinitely.

Lemon, a South Carolina native, unexpectedly announced his retirement on 10 April, which would coincide with the time during which the league was conducting its inquiry.

The CFL suspension comes a week after the NBA banned Toronto Raptor Jontay Porter for sharing confidential information and betting on the league. The Ottawa Senators’ Shane Pinto was also suspended for 41 games for violating league betting rules.

According to a CFL press release, the league found “clear and irrefutable evidence” that Lemon violated league policy, but it says there is no indication of match fixing.

Integrity of the game “of the utmost importance”

The CFL discovered that Lemon bet on league ..

April 25, 2024

IBIA reports 64.7% increase in Q1 suspicious betting alerts

The International Betting Integrity Association (IBIA) received 56 alerts of suspicious betting during Q1, up 64.7% on the final quarter of 2023.

Additionally, the IBIA’s Q1 figure was 12.0% above the revised total of 50 alerts from the same quarter last year. The alerts came from six sports across 21 countries and five continents.

The IBIA looks at suspicious betting activity to establish potential sports corruption. The IBIA’s members include over 50 companies and more than 125 betting brands. This makes it the largest integrity monitor of its type across the globe.

IBIA chief executive Khalid Ali believes the rising number of alerts is another indicator of ongoing match-fixing problems.

“The first quarter saw an increase in reported alerts highlighting the ongoing challenge our members, sports and regulatory authorities face from corrupt activity,” Ali said. “IBIA’s alerts are supported by detailed global customer account data only available to IBIA and its membership, which con..

April 25, 2024

Time running short for Alabama gambling expansion

Alabama lawmakers told the media earlier this week that a conference committee brokering a deal for an expansion of gambling would meet on Wednesday (24 April) at 2pm local time. But as early as Wednesday morning, the meeting had fallen off the legislative calendar for the day.

A call to the Alabama house of representatives confirmed that the meeting was off for Wednesday (24 April) with no reschedule date. The legislature is now scheduled to close on 5 May. This will leave lawmakers a little more than a week to reach a deal for an Alabama gambling expansion. It will then require approval from the house and senate.

If approved, the decision to approve any gambling expansion would go to the voters. The house version of the bill would put the issue on the November ballot. The senate version would create a special election in September.

Historically with gambling, precious few bills that don’t have consensus relatively early in a session make it to a governor’s desk. Just this year, ..

April 15, 2024

New Hampshire sports betting handle halts decline in March

New Hampshire’s sports betting handle reached $72.6m (£58.2m/€68.2m) in March, ending a run of three straight months of decline.

In March, New Hampshire reported a 16.5% month-on-month increase in sports betting handle, likely boosted by the March Madness NCAA tournament.

New Hampshire had previously seen its handle drop for three consecutive months, even with the Super Bowl in early February.

New Hampshire’s March figures were aided by its mobile sector, with online accounting for $65.0m in bets taken, or 89.5% of the monthly total, having recorded a handle of $55.9m in February.

Retail handle also increased, jumping 18.8% to $7.6m from February’s figure of $6.4m.

New Hampshire revenue down despite handle rise

Although New Hampshire’s handle ended its slide, revenue continues to falter in the Granite State.

March’s gross gaming revenue stood at $5.6m, the third-lowest in its FY2024 and the lowest since August 2023, prior to the NFL season getting underway.

Consequently, the se..

April 15, 2024

FanDuel likely has two-year head start on competition in Washington, DC

Buried in the minutiae of a 10 April budget meeting, Washington DC's Office of Lottery and Gaming (OLG) revealed that it is preparing to ask the DC City Council to approve a two-year extension to its deal with lottery and sports betting operator Intralot.

To recap, the OLG in March alerted the DC Council that it would be unwinding its chronically underperforming sports betting platform, GambetDC. The platform is run by lottery vendor Intralot.

Under its existing contract, the agreement will expire on 14 July. In March, OLG approved Intralot’s request to subcontract online sports betting to FanDuel.

Now the agency will request a two-year extension for the soon-to-expire deal. If approved, the deal could mean that FanDuel would have a two-year head start on digital sports betting in the District.

That two years, lottery chief Frank Suarez told the DC Council’s Committee on Business and Economic Development, would allow it enough time to issue an RFP (request for proposal). This ..

April 15, 2024

Tennessee market bounces back in March as gross wagers hit $473.6m

Gross mobile sports betting wagers in Tennessee increased 20.6% year-on-year to $473.6m (£379.7m/€444.4m) in March, halting three consecutive months of decline.

The monthly total was some way ahead of the $392.7m wagered in Tennessee in March last year. It was also 25.2% more than the $378.2m spent by players in February of this year.

However, the March total was some way short of the record in Tennessee. Players wagered an all-time monthly high in November 2023.

After taking into account $1.6m in adjustments, cross handle for Tennessee in March was $472.0m.

In terms of privilege tax from sports betting, the state collected a total of $8.7m. This was up 24.8% from February’s $7.0m but 0.5% down on the previous year, despite the handle rise.

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

Who is active in Tennessee?

While data on Tennessee is limited, the Volunteer State does feature s..

April 15, 2024

Indiana betting handle falls just short of monthly record in March

Players in Indiana spent $500.8m (£401.9m/€470.1m) betting on sports during March, an improvement on last year and only narrowly lower than the state’s monthly record.

Handle was 15.7% higher than $433.0m in Indiana in March last year and 22.5% more than $408.7m in February. The total was also just 2.5% behind the all-time monthly high of $513.7m posted in November 2023.

Basketball again proved the most popular sport to wager on, drawing a total of $167.9m in total bets in March. The state is home to National Basketball Association team the Indiana Pacers.

In contrast, $9.9m was wagered on baseball and just $1.7m American football. A further $173.0m was bet on other sports and $148.1m parlay bets.

Indiana revenue dips to $39.4m

While handle was higher year-on-year, the same could not be said for revenue. In total for March, taxable adjusted gross revenue amounted to $39.4m.

The monthly revenue total was 7.9% lower than $42.8m in March 2023 and only 3.7% more than $39.0m in Februa..

April 12, 2024

State of the Union: A look 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.

Bally Bet aiming for June Massachusetts launch

Saying “our commitment is strong here”, on Thursday (11 April) representatives from Bally Bet told the Massachusetts Gaming Commission that it is aiming for a late June launch in the Bay State. Bally’s had previously promised a “late Q2” launch, but hadn’t put a date on it. The company has had a temporary sports betting licence in the state since early 2023. When Bally Bet launches it will bring the total number of digital platforms available in Massachusetts to seven after Betr and WynnBet exited the state earlier this year.

“Having someone that we’ve started with the licensing process, a group come in and actually get going, is exciting to us,” interim MGC chair Jordan Maynard said during the meeting.

SCOTUS grants extension in Florida sports betting case

T..

April 12, 2024

ASA reiterates ad guidelines ahead of Euro 2024 and warns against targeting minors

The Advertising Standards Authority (ASA) has warned operators against targeting minors with advertising ahead of the upcoming Euro 2024 tournament.

Euro 2024 gets underway on 14 June, with sports betting activity likely to skyrocket during the tournament in Germany. Ahead of the event, the ASA has reiterated to operators their guidelines on what will be prohibited in their advertising.

The ASA highlighted the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (CAP Code). The CAP Code stipulates that gambling operators must not feature anybody under the age of 25 in their advertising, including footballers. However, there is an exception for websites where bets can be placed directly.

The ASA also warned that ads mustn’t involve any player deemed to have a strong appeal to those under 18.

ASA reiterates other guidelines

The ASA has cautioned that operators shouldn’t mislead audiences by implying official endorsement from players and teams. The ASA did also sta..

April 12, 2024

Charting Nigeria’s online gambling growth amid regulatory battles

One of the most exciting emerging global online gambling markets is Nigeria, boasting a youthful population that H2 Gambling Capital forecasts to lead it to gross gaming revenue (GGR) of €675.1m (£576.8m/$717.2m) by 2025. With a legal battle over regulation ongoing, though, how exactly is it achieving its success?

Firstly, it’s imperative to note the demographics of Nigeria, which is the most populous country in Africa with well over 200 million inhabitants. According to a report from The Economist, that population is predicted to grow to 400 million by 2050, surpassing the US as the third most-populous country on the planet.

Looking closer at Nigeria’s data reveals a hugely youthful population, with figures from the World Factbook outlining that approximately 41% of people in the country are aged between 14 and under, with the average age of a person in Nigeria just 19 years old.

Taking those demographics aspects into account it’s clear to see why there is excitement over how Niger..

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Tag: Online sports betting