Online sports betting – Page 50

October 13, 2023

Indiana sports betting handle surpasses $400m in September

Players in Indiana spent more than $400.0m betting on sports during September, while operators were able to generate in excess of $41.0m in revenue.

Sports betting handle in Indiana reached $404.1m in September. This was 5.7% more than $382.5m last year and also 69.7% ahead of $238.1m in August this year.

The start of the new NFL season meant football was the most popular sport to wager on in September. Indiana bettors wagered a total of $155.4m in football during the month.

Baseball also proved popular with players, drawing $50.3m in bets, and basketball $10.4m. A further $124.8m was spent on parlay bets and $62.9m other sports.

As for taxable adjusted gross revenue, this amounted to $41.1m. This was 19.7% lower than $51.2m in September 2022 but 74.9% higher than $23.5m in August of this year.

Ameristar Casino and DraftKings edge ahead with sports betting in Indiana

Looking at individual operators, Ameristar Casino and DraftKings moved to the front of the state’s market in Septe..

October 13, 2023

Ontario igaming revenue more than doubles in Q2

Online gambling revenue in Ontario more than doubled year-on-year in Q2 to CA$540m (£324m/€375m/US$395m), while player spending in the Canadian province rocketed 132%.

Total igaming revenue in Ontario for the three months to 30 September was up 105% from $267m in Q2 of last year – the second full quarter since the regulated market opened in April 2022.

Of this total, $407m came from online casino activity in Ontario. A further $118m in revenue was generated from internet sports betting and $16m online poker. Revenue covers all cash wagers, rake fees, tournament fees and other fees, minus player winnings.

As for player spending, total igaming wagers in Q2 reached $14.20bn. This was significantly more than the $6.04bn spent during Q2 of last year.

Consumers spent $11.90bn on internet casino games, $1.90bn on sports betting and $397m online poker. Players spending does not include promotional wagers such as bonuses and free bets.

Ontario: an expanding igaming market

The figures, pub..

October 12, 2023

Elys launches new SportBet.com brand in US

Elys Game Technology has announced the launch of its new SportBet online and mobile sports betting brand in the US.

Focusing on the US market, the SportBet.com website will allow players to wager on a range of sports. The launch marks the first solo sports wagering launch by Elys in the US following a number of partnership ventures.

A roll-out of an online sportsbook was mooted earlier this year, with a launch planned in Q3.

It is not clear in which states and markets SportBet.com will be accessible. However Elys says, subject to regulatory approvals, it expects to expand its online sports betting footprint into multiple US jurisdictions. This will be done under direct licensing and through market access partnerships during Q4.

Elys expands US sports betting presence

Elys is already active with sports betting via partnerships in New Jersey and Washington DC. It has been powering the sportsbook at Ocean Casino in Atlantic City, New Jersey since March last year.

The business also j..

October 12, 2023

Best Bookies’ Price halts Australian service after ACMA warning

Best Bookies’ Price has ceased offering a betting odds comparison service in Australia after being issued a formal warning by the Australian Communications and Media Authority (ACMA) over unlicensed activities.

ACMA reprimanded Best Bookies after ruling its comparison service breached national gambling laws in Australia. Best Bookies allowed users to compare odds across licensed operators and place bets with those operators on their behalf.

This, ACMA says, met the definition of a “gambling service” in the Interactive Gambling Act 2001 (IGA).

Best Bookies has certain authorisations from the relevant state-based regulator. However, it does not hold the required wagering licence to provide interactive gambling services under the IGA.

ACMA ruled the Best Bookies service was offered in contravention of the IGA. As such, it was deemed an unlicensed regulated interactive gambling offering, leading to the warning.

“We strongly encourage people who wish to bet online to do so with a lice..

October 11, 2023

Episode 22: A home run for sports betting in Missouri?

On the 22nd episode of the World Series of Politics, Brendan Bussmann and Robin Harrison are joined by Mike Whittle, senior vice-president and general counsel of the St Louis Cardinals, to discuss the development of sports betting in Missouri.

Multiple attempts to legalise sports betting in Missouri have fallen flat over the years. Two of the most recent attempts involved Senate Bill 30 and House Bill 556, which progressed somewhat before being struck down or fizzling out.

But change could be on the horizon. The St Louis Cardinals is part of a coalition of professional sports teams in Missouri that filed new petitions last month to bring sports betting to the Show-Me state.

“We’ve been trying and using our best efforts to move this thing along in the legislative process for some time now,” says Whittle. “It was pretty much on the league level initially to push it in the early years.

The St Louis Cardinals, along with other professional sports teams, filed petitions in Missouri last..

October 11, 2023

NorthStar Gaming to expand reach across Canada

Ontario-based operator NorthStar Gaming is to expand the reach of its online casino and sportsbook across Canada.

Since launching in May 2022, the NorthStar Gaming offering has only been accessible in Ontario. However, this will now be available across all provinces and territories in Canada with the launch of NorthStarBets.com.

The launch is possible following the acquisition of Slapshot Media earlier this year. Slapshot Media delivers marketing and operational management services to sports betting and igaming operators.

As such, NorthStarBets.com is available through a wholly owned subsidiary of NorthStar acquired through the Slapshot Media deal.

NorthStar customers in Ontario can continue to access the platform through the NorthStarBets.ca website.

“We are thrilled to take this ground-breaking step and become a truly national brand,” NorthStar chair and CEO Michael Moskowitz said. “As a Canadian company, we are confident we understand local consumers better than the large inter..

October 10, 2023

Sportradar secures deal to power Taiwan Sports Lottery

Sportradar has secured a long-term contract to serve as the official technology and services solution provider to the Taiwan Sports Lottery.

The agreement runs from 2024 to 2033, with Sportradar being appointed as part of a wider consortium in Taiwan.

The consortium secured the third Sports Lottery Licence from the Taiwan government’s Sports Administration in December 2022. It also includes ADATA Technology as licence holder, Taiwan Sports Lottery Company as the operator and China Trust Bank.

Sportradar will roll out its Orako end-to-end sportsbook and player account management solution across over 2,600 retail outlets in Taiwan. Orako will also be implemented across online and mobile channels as part of an omnichannel approach.

Orako also includes managed trading services, pre-match and live data and odds, audio-visual streaming and marketing services.

The wider agreement covers the delivery of required equipment across all retail stores. This includes customised lottery termina..

October 10, 2023

Colorado bounces back in August as sports betting handle hits $306.1m

Consumers in Colorado spent $306.1m betting on sports in August, an increase on the same month last year, while revenue was also higher.

Handle in Colorado was $15.5m ahead of $290.1m in August 2022. The monthly sports betting spend also surpassed the $281.1m wagered in July this year by 8.9%.

Players bet a total of $304.2m online during August, with the remaining $1.9m wagered via retail sportsbooks.

Baseball remained the most popular sport to wager on in Colorado, drawing $105.5m in bets. The state is home to Major League Baseball franchise the Colorado Rockies.

Tennis ranked second in terms of betting spend, with players wagering a total of $29.9m on the sport. Basketball followed with a $26.4m handle, while $53.5m was spent on parlay wagers in August.

Sports betting revenue remains level in Colorado

Turning to revenue, gross gaming revenue from sports wagering in August reached $25.9m. This was level with the same month last year and 3.6% ahead of the $25.0m generated in July..

October 10, 2023

Iowa sports betting handle jumps to $245.8m in September

Monthly sports betting handle in Iowa increased year-on-year to $245.8m in September but revenue in the Hawkeye State declined.

Players spending on sports betting in Iowa was 22.8% ahead of the $200.2m wagered in September 2022. The monthly handle was also 74.1% higher than $141.2m in August this year.

Of the total bet in September, $222.3m was spent online and $23.4m at retail sportsbooks across Iowa.

As for revenue, sports wagering net receipts for the month amounted to $24.1m. This was 5.1% lower than $25.4m in September last year but 78.5% more than $13.5m in August of 2023.

Online sports betting accounted for $20.9m of revenue in September and retail wagering $3.1m.

Diamond Jo Dubuque retains top spot in Iowa

Looking to individual operators, Diamond Jo in Dubuque and partner FanDuel remain out on front in Iowa. The partnership heralded $6.0m in revenue from $52.6m in total wagers in September.

Wild Rose in Jefferson and partner DraftKings placed second with $3.4m in revenue..

October 9, 2023

New York mobile sports betting revenue hits record $165.6m in September

Mobile sports betting revenue in New York reached a record $165.6m in September while handle hit a six-month high of $1.76bn.

Revenue was up 15.6% from $143.3m in New York in September 2022 and 68.1% more than $98.5m in August this year. This is according to figures published by the New York State Gaming Commission.

Handle also increased year-on-year. The total $1.76bn spent was 39.7% higher than $1.26bn in September 2022 and 58.6% ahead of $1.11bn in August 2023.

Spending reached its highest monthly amount since $1.79bn was wagered in New York in March.

FanDuel remains ahead of DraftKings in New York

Flutter Entertainment-owned FanDuel retained top spot in revenue terms in New York. It posted $76.9m in gross gaming revenue (GGR) in September and processed $682.5m in mobile wagers.

Long-term rival DraftKings placed second with GGR of $61.4m and a superior handle of $710.5m – the highest in the state.

Caesars was next in line with $12.6m in GGR and a $174.0m handle. BetMGM follow..

October 6, 2023

Kambi to power 711’s expansion into Dutch online sports betting market

Sports betting solutions provider Kambi Group has partnered with 711 to support the online gambling operator’s expansion into the Dutch sports wagering market.

Under the deal, Kambi will provide 711 with its Complete sportsbook. This includes a sports betting platform, its Bet Builder offering and AI-powered trading products.

Belgium-based 711 currently only offers online casino to customers in the Netherlands via its internet casino games licence. The operator launched in the Dutch regulated market last year.

However, having partnered with Kambi, 711 will apply to Dutch regulator Kansspelautoriteit to extend this licence to also cover online sports betting.

“711 online casino has achieved strong growth since we debuted in the Netherlands,” 711 COO Gilles de Backer said. “It became clear that sports betting would be an important next step in the brand’s journey.

“By partnering with a leading sportsbook provider like Kambi, we are excited to be in a position to provide our growing..

October 4, 2023

LeoVegas returns to the Netherlands with new website

Online gambling operator LeoVegas Group has returned to the Netherlands with the launch of its new Dutch-facing LeoVegas.nl website.

The site offers a range of online casino games, live casino and sports betting. Customers in the Netherlands can access slot games and live table games with Dutch-speaking croupiers.

The launch comes after LeoVegas secured a new licence in the country in July through its LeoVegas Gaming business. Issued by national regulator Kansspelautoriteit (KSA), the five-year licence covers casino, live casino and sports wagering activities.

“The king of casino is finally home in the orange kingdom,” LeoVegas Group CEO Gustaf Hagman said. “I am delighted that we are taking steps into the Dutch market.

“The combination of a well-known brand, our platform and cutting-edge content will make LeoVegas.nl a contender for the leader’s jersey in the Dutch igaming market.”

LeoVegas back after two years away

LeoVegas previously operated in the Netherlands before the c..

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Tag: Online sports betting