Retail sports betting – Page 12

December 13, 2023

Fanatics soft launches sports betting in Connecticut

The Fanatics Betting and Gaming (FBG) subsidiary of Fanatics has announced the soft launch of online and retail sports wagering in Connecticut.

This week, the Fanatics Sportsbook will accept 2,000 online players in the state. A full launch will follow in Connecticut from 18 December.

Players in Connecticut can download the Fanatics Sportsbook to wager online. Consumers can also visit any of 10 retail sports betting locations to bet in person.

The soft launch comes less than two weeks after FBG was named as the new sports betting partner of the Connecticut Lottery Corporation (CLC).

This agreement designates Fanatics Sportsbook as the Connecticut Lottery’s exclusive sports betting partner across mobile and retail betting. The transition had been expected to occur in mid-December.

Fanatics replaces Rush Street Interactive in Connecticut

FBG takes the place of Rush Street Interactive (RSI), the Connecticut Lottery’s former sports betting partner. The two parties announced that they..

December 13, 2023

Colorado sports betting handle tops $554m in October

Players in Colorado spent $554.9m (£442.9m/€514.5m) betting on sports in October, with online wagering accounting for more than $500.0m of this total.

Sports wagering handle in Colorado was 5.4% ahead of $526.6m in October of 2022. The monthly total was also 8.2% more than $512.8m in September this year.

Of the total amount wagered, $550.4m was spent online and $4.4m at retail sportsbooks across the Centennial State.

Turning to gross gaming revenue, Colorado operators generated $46.9m in October. This was 28.5% higher than $36.5m last year and also 3.5% ahead of September’s $45.3m total.

Online betting generated $47.0m in revenue but a $90,005 loss from retail pushed the total figure down slightly.

American football drew the most bets, with players wagering $185.2m across online and retail. Basketball followed with a handle of $63.4m, then college football on $51.8m.

Other stand-out sports in Colorado included baseball with $38.3m in bets and tennis with $32.9m. Meanwhile, parla..

December 12, 2023

Sportradar scores global tennis data and streaming deal with ATP

Sportradar has agreed a global data and streaming rights deal with Tennis Data Innovations (TDI), a joint venture vehicle of the Association of Tennis Professionals (ATP) and ATP Media.

The multi-year deal grants Sportradar data and streaming rights for betting, as well as media data rights. The agreement covers all tennis events on both the ATP Tour and ATP Challenger Tour.

Sportradar said the partnership will focus on driving commercial growth for tennis and also improving fan engagement opportunities. This will include developing new betting and media products.

From this month, Sportradar will use its ATP Service+ suite of solutions to boost engagement with fans by providing value-added products and services. Features in ATP Service+ include augmented streaming, expanded in-play betting markets, video highlights and personalised and targeted betting products.

Sportradar will also work with TDI to create products for media. These, it said, will showcase more in-depth statistical..

December 12, 2023

Iowa sports betting handle rises again in November

Players in Iowa wagered $289.7m (£230.5m/€268.8m) on sports during November, up 17.1% on last year and the highest monthly total since January 2022.

The monthly Iowa handle was higher than $247.5m in November 2022 and 13.5% ahead of $255.3m in October this year.

The total was also the most spent since a record $303.3m was wagered in January 2022, some 22 months ago.

Breaking this down, some $265.8m was spent betting with online operators and $23.9m at retail sportsbooks across Iowa.

As for revenue, operators generated a total of $14.1m in November. This was 143.1% higher than $5.8m last year, although the November 2022 figures were hit by multi-million-dollar winning bet payouts to US businessman Jim “Mattress Mack” McIngvale.

However, the November revenue figure in Iowa was 33.5% behind the $21.2m generated in October this year. This was due to consumers winning significantly more in November ($275.6m) compared to October ($225.3m).

Of the revenue total, $12.6m came from online ..

December 12, 2023

Kentucky online sports wagers reach $323.6m in opening weeks

Consumers in Kentucky spent $323.6m (£257.2m/€300.2m) betting on sports online during the opening weeks of the Bluegrass State’s newly regulated market.

Kentucky launched legal online sports betting on 28 September. This followed the roll out of retail wagering on 7 September, with online delayed as part of a staggered launch.

The Kentucky Horse Racing Commission (KHRC) has now published figures for the opening weeks of the market. This data covers the final three days of September and the whole of October.

During this period, online bets amounted to $323.6m. This included $36.8m across the three days of September and $286.8m in October.

Adjusted gross revenue from online betting for the period reached $54.2m. Some $1.5m was generated in the final days of September, while revenue in October hit $52.7m.

FanDuel edges out DraftKings in Kentucky

Looking at individual operators, FanDuel led the way in the opening period. Partnered with Churchill Downs, FanDuel took $20.3m in revenue ..

December 6, 2023

Amendments submitted for California sports betting ballot

Eagle1 Acquisitions Corp, the group of backers for a proposition to legalise sports betting in California, has made several amendments to its ballot initiative in an effort to gain further tribal support.

Tabled in October, the Sports Wagering Regulation and Tribal Gaming Protection Act, would allow for legal betting. If approved, the ballot would amend Article IV, section 19 of the California constitution. This will grant tribes exclusive rights to offer retail and online betting.

The initial version of the ballot set out several measures. These included tribes submitting 15% of adjusted sports betting gross gaming revenue into a tribal wagering revenue sharing trust fund.

Tribes would also contribute 10% of their adjusted sports wagering GGR into the California homelessness and mental health fund. It was also stated that tribes would need to partner sports betting operators, which would operate as vendors. These will require approval from both the Tribal Gaming Agency and Califor..

December 4, 2023

Rhode Island betting handle and revenue reach 10-month high in October

Sports betting handle and revenue in Rhode Island hit a 10-month high in October, although the Ocean State reported year-on-year declines across both.

Rhode Island players spent a total of $45.8m (£36.1m/€42.2m) betting on sports in October. This was down 25.2% from $61.2m in October 2022 but 21.8% more than September this year.

It was also the highest monthly total since a record $62.3m was bet in January 2023.

Of this total, $36.4m was wagered online and $9.5m at retail sportsbooks. This includes $6.3m at Twin River and $3.2m at Tiverton Casino.

Rhode Island revenue slips year-on-year

Turning to revenue and it was a similar year-on-year story for Rhode Island. The $4.5m posted in October was 8.2% less than $4.9m in the same month last year but 28.6% more than $3.5m in September.

It was also noted that the October figure was the second highest of the calendar year. The $5.2m generated in January is the only higher monthly figure so far in 2023.

Mobile betting accounted for $3..

December 1, 2023

Gambling Commission figures show land-based gambling surge

Great Britain’s land-based gambling sector has grown by more than 20% in the last year with business now returning to pre-pandemic levels.

The Gambling Commission’s Gambling Industry Statistics show total gross gambling yield (GGY) grew 6.8% year-on-year to £15.1bn ($19.0bn/€17.5bn) for the 12 months from April 2022 to March 2023. This figure, accrued from all licensed remote and land-based gambling operators, was also up 6.6% on the last pre-lockdown period to March 2020.

GGY was up slightly more compared to the prior period when removing reported lotteries from the figures. The £10.9bn total was up 9.3% compared to 2021-22 and 7.6% compared to 2019-20.

Remote gambling remained the biggest revenue generator for the sector, with £6.5bn taken by the remote casino, betting and bingo sector. This was up by a moderate 2.8% year-on-year and by 13.3% compared to pre-lockdown figures. The number of new account registrations with RCBB operators was up 10.6% to 36.4 million.

Online casino g..

November 28, 2023

New Hampshire sports betting handle hits seven-month high in October

Consumer spending on sports wagering in New Hampshire reached its highest level in seven months in October, while monthly revenue was its highest since January.

Handle for October reached $77.8m (£61.7m/€71.1m). This was 14.8% lower than $91.3m in October of 2022 but 16.5% ahead of $66.8m in September of this year. It was also the largest monthly spend in New Hampshire since a record $103.4m was bet in March 2023.

Of this total, $65.9m was bet on mobile and $12.0m at retail sportsbooks located across New Hampshire. This is according to figures published by the New Hampshire Lottery.

DraftKings remains the only operator offering online sports wagering in New Hampshire. It secured exclusive rights for the state in November 2019.

Betting revenue reaches $8.8m in October

Turning to gross gaming revenue, this amounted to $8.8m during October. This was down 3.3% from $9.1m in October last year but 41.9% higher than the $6.2m that was posted in September this year.

The lottery noted the..

November 20, 2023

Louisiana sets sports betting handle and revenue records in October

Players in Louisiana spent a record $308.6m (£247.1m/€282.2m) on sports wagering during October, while revenue also reached a new, all-time monthly high.

Sports betting handle was 20.8% higher than $255.5m in October 2022 and up 10.2% from $280.1m in September this year. It also beat the existing Louisiana record of $282.3m that was reported in January 2023.

Of this total, $276.2m was spent betting on sports online, while $32.4m was bet at retail sportsbooks in Louisiana.

Revenue narrowly exceeds Louisiana monthly record

Turning to gross revenue, this also hiked 63.5% year-on-year to an all-time high of $43.3m in October. This was marginally ahead of the $43.1m existing record posted in September this year.

Online gross revenue in October amounted to $40.1m, with retail’s share at $3.3m.

As for adjusted revenue, which discounts all promotional betting, total market revenue was $42.5m. The $875,871 deducted from the gross revenue figure was from online promotional bets.

Footbal..

November 17, 2023

Washington DC sports betting market declines year-on-year in October

Caesars Entertainment continued to lead the Washington DC sports betting sector during October, although the market as a whole posted a year-on-year decline in handle and revenue.

Players in Washington DC wagered $16.4m (£13.2m/€15.1m) on sports in October. This was 33.9% lower than $24.8m in the same month last year but 13.1% higher than $14.5m in September 2023.

As for gross gaming revenue, this amounted to $2.0m. The total was 35.5% behind last year’s $3.1m and only marginally ahead of $1.9m in September.

Caesars holds first place in October

Breaking down performance by each licensed operator, Caesars remained the market leader. Caesars took the lead back in August and continued to hold off competition in Washington DC during October.

In total, Caesars processed $6.0m in bets and posted $964,606 in revenue for the month.

Gambet, run by the DC Lottery and powered by Intralot, was the previous frontrunner in Washington DC. For October, it took $5.7m in bets and generated $663,57..

November 16, 2023

Mississippi sports betting market shrinks in October

The Mississippi Gaming Commission has posted a year-on-year drop in sports betting handle and revenue for October, while the Magnolia State also reported a month-on-month decline.

Betting handle in Mississippi amounted to $49.5m in October. This was 11.9% lower than the $56.2m posted in October 2022 and also 4.1% behind $51.6m in September this year.

In terms of revenue, this reached $7.3m during October. The Commission said this was down 5.2% from $7.7m last year and 9.9% behind September’s $8.1m.

Mississippi players head to the coast

Coastal casinos remained the most popular venues to place sports bets in Mississippi during October. These casinos took the most wagers and also generated the highest amount of revenue in the month.

Players spent a total of $33.8m at coastal casinos in October, with the venues turning $4.5m in revenue for the month.

Elsewhere, central casinos processed $9.7m in sports bets and reported $2.1m in wagering revenue. A further $6.0m was bet at northern ..

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Tag: Retail sports betting