Michigan reported $187.3m in internet gaming revenue for January, a decrease of 7.1% from December, while also reporting record online gaming gross receipts for the fourth consecutive month.
The internet gaming revenue consists of combined online gaming and sports betting revenues for the month.
December’s total revenue was $201.6m.
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Italy's igaming revenue in November dipped slightly to €322.5m in the lead-up to the Fifa World Cup, down from October’s revenue of €331.1m.
Since pushing past the €300m barrier in September 2022, Italy’s igaming revenue has remained relatively stable. Although November’s revenue of €322.5m does represent a 2.6% decline month-on-month, this is still a 6.0% increase year-on-year. The decline was mostly consistent across all verticals, although sports betting’s decline of 4.3% was the biggest drop for November, with revenue of €126.3m.
However, online sports betting still fared better than retail sports betting, which suffered a decline of 16.4% month-on-month, which is a decrease in revenue from €88.6m in October to €74.1m in November.
In contrast to the betting figures, casino revenues only dropped by 2.1% from €180.0m to €176.1m.
The market shares of online casino operators by GGR remained relatively stable in November, with Eurobet being the biggest mover as it was unable to..
Omnichannel gaming operator Penn Entertainment has completed its acquisition of media business Barstool Sports.
The closing of the deal is the latest stage of an acquisition process that began in February 2020, when Penn purchased a 36% stake in Barstool.
Today (17 February), Penn revealed that it has paid approximately $388m (£322.5m/€363m) for the remaining interest in the business, having exercised its option to acquire in August 2022.
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Sports data business Genius Sports has agreed to a new data distribution and fan engagement partnership with minor football league XFL.
As part of the deal, XFL has granted Genius exclusive rights to distribute official data from all XFL games to its media and betting partnerships.
As such, Genius Sports is now XFL’s official betting data distribution partner and free-to-play provider.
Genius Sports’ executive vice-president, Sean Conroy, said that having a comprehensive data policy is an important part of a sports organisation’s financial success.
“For every sports league, an official data strategy that drives both new revenues and fan engagement levels is vitally important,” he said. “We’re thrilled to partner with the XFL, connecting their games with the media and betting sectors while creating meaningful fan interactions through the bespoke XFL Pick’Em solution.”
genius argued that a data strategy is vital to the success of a sporting league
XFL Pick’Em
The deal also saw G..
DraftKings has raised its 2023 revenue guidance to $2.95bn (£2.47bn/€2.77bn), up from $2.90bn, after experiencing “better than expected” sportsbook results – among other successes – in the fourth quarter of 2022.
DraftKings CEO and co-founder Jason Robins pointed to a double effort of increased revenue and reduced costs as reasons for the Q4 growth, along with the sportsbook results.
Revenue for the quarter was $855m in total, a rise of 81% year-on-year.
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France's national lottery operator Française des Jeux (FDJ) reported full-year 2022 revenue of €2.46bn (£2.18bn/$2.62bn), up by 9.1% compared to 2021, as lottery ticked up by 11%.
Stéphane Pallez, chairwoman and CEO of FDJ Group, said that the full-year results were indicative of growth across the business as a whole, as well as a steady balance of retail and online betting activity.
“FDJ recorded very strong results for the year as a whole, marked by an increase in all of our business activities and supported by significant growth in our 30,000 points of sale and sustained momentum online,” said Pallez.
“This good performance benefits all our stakeholders, in particular our employees,
our retailers and our shareholders.”
This growth was seen across the board. Lottery revenue rose by 10.9% year-on-year to €1.91bn. Revenue from sports betting and online gaming activities came to €467m – up by 0.6%.
In addition, FDJ said that 6% of the total revenue for the year was generated ..
An existing partnership between Novo Interactive's AdmiralBet and German football club Hamburger SV – also known as HSV – has been extended until 30 June 2024.
AdmiralBet has been the exclusive sports betting partner of Hamburger SV since 2019.
As part of the extension, AdmiralBet will provide content to Hamburger SV’s digital channels, which will include its AdmiralBet series.
AdmiralBet branding will also be present on video and LED boards at Hamburger SV’s home stadium, Volkparkstadion.
Additionally, during the second half of the club’s season, AdmiralBet and Hamburger SV will operate the AdmiralBet numbers game, an interactive tool where fans can test their knowledge of Hamburger SV on match days and compete with friends.
“It is a great honour for us to continue to be a partner of HSV,” said Florian Hermann, director of marketing and operations at Novo Interactive. “The fans and the passion for football are our focus.
“We are underscoring this with the extension of t..
BetParx has launched mobile sports betting in Ohio through a partnership with a PGA Tour golf tournament, the Memorial Tournament.
Through the deal, patrons in Ohio can wager on BetParx’s sportsbook app.
In addition, for the second consecutive year, BetParx will be the exclusive mobile sports betting sponsor of the Memorial Tournament in Dublin, Ohio.
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Players in Indiana wagered $427.2m on sports in January, down 14.9% year-on-year, although the state still reported an increase in revenue.
Consumer spending was down from $500.1m in January last year but 1.0% up from $431.5m in December 2022.
Basketball proved the most popular sport among players with $155.6m in bets during the month, while football drew $90.6m in wagers. Parlay bets reached $124.7m and other sports $55.6m.
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Consumers in Delaware wagered $8.5m on sports during January, while igaming spend in the state reached $44.1m.
Sports handle was 1.2% higher than $8.4m in January last year and 3.7% ahead of $8.2m in December 2022.
Revenue for the month amounted to $1.6m, which was 114.7% higher year-on-year and 14.3% ahead of December.
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International Game Technology (IGT) has announced its expansion throughout the Nevada sports betting market in a new partnership with Betfred.
Through a multi-year agreement, Betfred will be utilising IGT’s PlaySports technology to support both mobile and retail sports betting at the Mohegan Sun Sportsbook inside Virgin Hotels Las Vegas.
Betfred plans to launch retail betting first and introduce its mobile fixture at a later date.
This partnership marks the first IGT-powered Betfred sportsbook in the US.
“IGT PlaySports’ remarkable reputation and influence in the US sports betting market, coupled with their ability to navigate complex regulatory environments, give Betfred supreme confidence in our choice to partner with IGT in Nevada,” said Bryan Bennett, COO of Betfred USA Sports.
“IGT PlaySports’ experienced, in-market team and proven technology will enable Betfred to scale our operation in parallel with market opportunities, and to establish a competitive and engaging betting..
GeoComply has revealed it conducted a record 100 million geolocation checks for online sports betting during Super Bowl LVII weekend.
The game took place yesterday (12 February), with the Kansas City Chiefs fighting back to beat the Philadelphia Eagles 38-35 and become NFL champions for the second time in four years.
This year also marked the first time the Super Bowl took place in a state with legal online sports betting, with the Chiefs and Eagles having faced off at the State Farm Stadium in Glendale, Arizona.
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