Online sports betting – Page 59

March 29, 2023

Italy’s igaming revenue dominated by casino and slots in December

Italy's igaming revenue continued its slow decline, even with casino and slots experiencing a big increase at the end of 2022.

Italy’s igaming revenue experienced a subtle decline, with December’s revenue of €315.8m showing a 2% decrease compared to the previous month. Despite this, there was a 1.2% increase year-on-year, indicating a stable increase in the industry.

Both retail sports betting and online sports were reflected in this decline, but the remaining products picked up from the previous month.

The stand out of the sectors was casino & slots, which witnessed an impressive 17% increase by reaching €206.1m revenue in December, compared to its €176.1m revenue in November.

In terms of market share, casino & slots dominated with the largest increase in market share, and online sports betting lost almost a third of its market share from November. Meanwhile, Lottomatica/Goldbet maintained its position as the leader in the online casino industry with a 12.4% market share, wh..

March 28, 2023

BetConstruct to enter Denmark with new licence

Online gaming and betting solutions provider BetConstruct has secured a new licence from the Danish Gambling Authority (Spillemyndigheden).

The licence will enable BetConstruct to offer the majority of its services and solutions to approved operators in the Danish market.

Content and solutions available in the country from BetConstruct will include online casino games, sports betting and live casino, as well as retail solutions for betting shops.

BetConstruct said it plans to work with operators, software providers, payment processors and marketing affiliates as part of the expansion.

“Obtaining a licence from the Danish Gambling Authority is a sublime advantage for businesses to widen their game offerings, enter a new, less saturated market in Europe and provide safe and engaging services to players,” BetConstruct said.

“Hence, BetConstruct is proud to become one of the first providers to receive this prestigious licence.”

In related news, igaming content developer PopOK Gaming ..

March 28, 2023

Rhode Island sports betting revenue level in February

Revenue from sports betting in Rhode Island remained level year-on-year in February, while the state reported only a marginal increase in handle.

Wagering revenue for the month amounted to $3.6m, equalling the amount generated in the same month last year, but down 30.8% from $5.2m in January of this year.

Online betting accounted for $2.0m of revenue in February, while combined retail revenue from Twin River and Tiverton Casino reached $1.6m. Twin River retail revenue hit $1.9m, while Tiverton Casino posted $420,795 for the month.

Read the full story on iGB North America

March 28, 2023

RSI and Connecticut Lottery to wind down sports betting partnership

Rush Street Interactive (RSI) and the Connecticut Lottery Corporation (CLC) have announced a joint plan to wind down their online and in-person sports betting partnership in the state.

Under the arrangement, RSI will continue to operate sports betting in Connecticut on behalf of the CLC until a replacement is selected, with the CLC to issue a request for proposals in the coming days.

Wagers placed on PlaySugarHouse.com or at any of the nine Connecticut retail locations will remain valid and all wins will continue to be paid out appropriately, with RSI saying it will work with the CLC to minimise any disruptions to players or business partners.

Read the full story on iGB North America

March 28, 2023

Mississippi governor signs sports betting study bill

Mississippi sports betting task force given all clear after governor Tate Reeves signed House Bill 606 into law.

The law – introduced by Republican representatives Casey Eure and Kevin Felsher – initially had a far more expansive goal of legalising mobile sports betting state-wide by allowing each of the state’s 26 land-based casinos to partner with an online sportsbook, but was significantly cut down in committee.

While in 2018 the state became one of the first in the country to legalise in-person sports betting following the Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA) – which paved the way for sports betting authorisation – mobile sports betting has faced a much slower route to completion.

In 2018, Mississippi became one of the first states to legalise in-person sports betting after the Supreme Court struck down PASPA

As of 2023, only one online operator – BetMGM – has launched their app in the state. Players can only access the applicat..

March 27, 2023

NH sports betting market grows year-on-year in February

Sports wagering handle and revenue in New Hampshire both increased year-on-year in February, although the state also reported month-on-month declines.

Player spending for the month amounted to $87.0m, which was 22.7% more than $70.9m in February 2022 but 10.5% lower than $97.2m in January this year.

Of this total, $75.5m was wagered online, while the remaining $11.5m was spent betting at retail sportsbooks.

Read the full story on iGB North America

March 27, 2023

Tab NZ pens long-term strategic partnering with Entain

Tab NZ, the sole holder of a betting licence in New Zealand, has entered into a long-term strategic partnership with Entain.

Under the arrangement, which remains subject to ministerial approval, Entain will support Tab NZ with delivering wagering and broadcast functions in the country for a period of 25 years.

Tab NZ said it took the decision to enter such a partnership due to increasing competition, rising costs, capital constraints and other challenges that have impacted its ability to deliver adequate funding to racing and sports.

With these challenges expected to increase, Tab NZ said it had spent the last six months engaging with a range of operators in relation to a strategic partnering arrangement and received a number of proposals, including the successful pitch from Entain.

Specific terms of the deal will remain commercially confidential until approval is granted, but it was confirmed that Entain was selected based on a wide range of criteria, including operational experti..

March 24, 2023

GiG secures Maryland and Pennsylvania licences

Gaming Innovation Group (GiG) has secured an online sports wagering operator licence in Maryland and a full interactive gaming manufacturer licence in Pennsylvania.

The solutions provider said the new licences would allow it to build on its existing presence in North America, with the group already active across New Jersey and Iowa, as well as in Ontario in Canada.

GiG will initially use its Maryland licence to launch the Crab Sports brand in the state, with plans to go live in May this year. Maryland’s online gambling market opened in November and currently features eight mobile sportsbooks.

Read the full story on iGB North America

March 23, 2023

Portuguese online gambling revenue reaches record €195.3m in Q4

Online gambling revenue hit an all-time high of €195.3m (£173.0m/$213.0m) in Portugal during the fourth quarter of 2022, with record performances across both the sports betting and casino sectors.

Gross revenue for the three months to 31 December 2022 was 39.7% higher than €139.8m in the corresponding period of the previous year and also 23.4% more than the previous quarterly record of €158.2m set in Q3 of 2022.

Online casino

Casino was the primary source of revenue during the quarter, generating €109.8m in total revenue, up 48.3% year-on-year and 23.8% quarter-on-quarter, according to regulator the Gaming Regulation and Inspection Service (SRIJ).

Consumers spent €2.98bn playing online casino in Q4, up 42.1% from the previous year’s total and also a new record for the country’s market.

Slot machines were by far the most popular form of online casino, attracting 79.8% of all bets, with French roulette a distant second with 8.5% of bets and blackjack 5.5%.

Sports betting

Turning ..

March 21, 2023

Michigan online gambling revenue reaches $170.8m in February

Online gambling revenue in Michigan increased 17.6% year-on-year in February, although the US state experienced a month-on-month decline.

Total gross receipts from commercial and tribal operators across igaming and online sports betting for the month amounted to $170.8m, which was up from $145.3m in February 2022 but 8.8% behind $187.3m in January this year.

Some $148.2m of this came from online casino activities, up 2.3% on the previous year but 3.6% lower than January.

Read the full story on iGB North America

March 20, 2023

Massachusetts sports betting revenue reaches $2.0m in opening month

Sports betting revenue in Massachusetts amounted to $2.0m during the first full month of regulation in February.

The US state opened its legal sports betting market on 31 January with an initial three land-based operators going live: Encore Boston Harbor, MGM Springfield and Plainridge Park Casino.

Plainridge Park proved the most successful of the three operators with $890,555 in revenue for the opening month, just ahead or Encore Boston Harbor on $857,602. MGM Springfield generated $262,066 in sports betting revenue.

Read the full story on iGB North America

March 20, 2023

Louisiana online sports betting handle slips to seven-month low in February

Consumers in Louisiana spent $175.7m betting on sports online during February, the lowest monthly total since August 2022 and a year-on-year drop of 16.7%.

The total was down from $211.0m in February last year, the first full month of legal online sports betting in the US state, and also 28.3% lower than the record $245.2m wagered in January of this year.

However, revenue from online wagering reached $17.8m, up 6.7% from $16.7m in the same month last year, but 19.1% behind $22.0m in January 2023.

Read the full story on iGB North America

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Tag: Online sports betting