Retail sports betting – Page 28

March 6, 2023

Kambi scores multi-channel sports betting deal with Wisconsin tribal operator

Sports betting technology supplier Kambi Group has agreed a new multi-channel sportsbook partnership with tribal operator Potawatomi Casinos & Hotels in Wisconsin.

Under the deal, Kambi will support Potawatomi Casino Hotel in Milwaukee with the opening of the first land-based sportsbook in the state. The new facility will feature 20 self-service kiosks, while additional kiosks will also open at the Carter Hotel & Casino in Carter.

Kambi’s full suite of sports betting technology and services will be available to customers for Potawatomi Casino Hotel’s initial retail sportsbook launch, with an on-premises mobile roll out, including live odds boards and Bring Your Own Device (BYOD) technology, to follow.

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March 3, 2023

Colorado sports betting revenue edges up in January despite handle dip

Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.

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March 3, 2023

Rhode Island sets new sports betting handle record in January

Players in Rhode Island wagered a record $62.3m on sports in January, although revenue in the US state remained level year-on-year.

Consumer spending was 6.3% ahead of $58.6m in January of last year and 5.2% more than in December 2022, while the total surpassed the existing monthly record of $61.2m set in November 2022 by 1.8%.

Online betting accounted for $37.5m of all wagers placed during January, while retail spend was $24.8m, split $17.2m at Twin River and $7.7m the Tiverton Casino.

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February 27, 2023

DC sports betting market continues to decline in January

Sports betting handle and revenue in Washington DC fell month-on-month again in January, while the market also experienced a year-on-year decline.

Player spending in January amounted to $18.5m, down 0.5% from $18.6m last year and also 1.1% lower than $18.7m in December 2022.

Gross gaming revenue for the month reached $1.5m, a 25.0% drop from $2.0m in January of 2022 and 37.5% behind $2.4m in December.

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February 27, 2023

New Hampshire smashes sports betting revenue record in January

Sports wagering revenue reached an all-time high in New Hampshire in January, while player spending fell just short of the state’s monthly record.

Gross gaming revenue for January amounted to $12.3m, a year-on-year rise of 53.8% from January 2022 and also 47.7% higher than in December of last year.

The January figure surpassed the existing monthly record of $9.1m that was set in October 2022.

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February 23, 2023

Louisiana online betting handle reaches record $245.2m in January

Consumers in Louisiana wagered a record $245.2m on sports in January, although revenue in the market declined month-on-month.

The total spent by players was 505.4% up from $40.5m in January 2022, although the state’s legal online betting market only opened towards the end of that month.

The monthly handle was also 12.1% higher than in December 2022 and 4.9% ahead of the previous record of $233.7m set in November.

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February 21, 2023

Mississippi sports betting revenue and handle decline in January

Sports wagering revenue and handle in Mississippi both declined year-on-year in January, amid ongoing efforts to legalise online betting in the state.

Player spending for the month amounted to $57.2m, down 14.0% from $66.5m in the same month last year and also 23.1% behind the $74.4m wagered in December 2022.

Turning to revenue, this reached $5.1m during January, representing a 21.5% decline from $6.5m in the corresponding month in 2022 and a 54.9% drop from $11.3m in the final month of last year.

Read the full story on iGB North America

February 20, 2023

Kambi scores retail sportsbook deal with New York’s del Lago Resort & Casino

Sports betting supplier Kambi Group has entered into a retail sportsbook partnership with del Lago Resort & Casino in Waterloo, New York.

Under the deal, Kambi will provide the Churchill Downs Incorporated-operated casino with an on-property sportsbook solution.

The new sportsbook will complement the property’s casino gaming floor, which features more than 1,000 square feet of LED video screens.

Read the full story on iGB North America

February 15, 2023

Detroit casino revenue up 2.6% to $103.5m in January

Revenue at the three land-based commercial casinos in Detroit increased 2.6% year-on-year in January despite a sharp drop in sports betting revenue.

Total revenue amounted to $103.5m for the month, up from $100.9m in January 2022 but 5.8% lower than $109.9m in December last year.

Table games and slots accounted for almost all revenue during January, generating $103.4m in total, up 4.4% year-on-year.

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February 14, 2023

Delaware sports betting handle reaches $8.5m in January

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.

Read the full story on iGB North America

February 14, 2023

IGT expands in Nevada via sports betting partnership with Betfred

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..

February 10, 2023

Betfred secures online sports betting licence in Maryland

Betfred has become the eighth operator to secure a licence to offer online sports betting in Maryland, while the group also opened a new retail sportsbook in Nevada.

Issued by the Maryland Lottery and Gaming Control Commission, the licence will enable Betfred to roll out its Betfred Sportsbook mobile wagering app in the state.

Maryland opened its regulated online betting market in November last year, with Barstool, BetRivers, BetMGM, Caesars, DraftKings, FanDuel and PointsBet among the other operators licensed in the state.

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Tag: Retail sports betting