Retail sports betting – Page 33

November 3, 2022

World Series of Politics episode 7: Election preview special

The World Series of Politics returns just in time for the 2022 US midterm elections, with analysis of a number of key races across the US.

Ahead of the elections, Brendan and Brandt take a look across the US, including a final examination of whether there’s any hope of the people of California voting to legalise sports betting.

In Texas, there may be less clarity as the industry may have to consider whether to prioritise betting or casinos, while Brandt is “optimistic” that sports betting legislation could be passed in Georgia once a new legislature is elected.

There’s also a look at Washington DC’s efforts to fix what has been a struggling sports wagering regime, and at efforts to get legal betting up and running in Massachusetts.

The pair look further afield as well, pondering the impact of Lula da Silva defeating Jair Bolsonaro in Brazil’s presidential election while, in the UK, Brandt throws his name into the ring as a prime ministerial candidate, but Brendan has other ideas.
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November 3, 2022

HOFV among latest to secure sports betting approval in Ohio

Hall of Fame Resort & Entertainment Company (HOFV) has become one of the latest operators to secure conditional approval for new online and retail sports betting licences in Ohio.

HOFV will operate in the state through its partnerships with Rush Street Interactive (RSI) and Betr, the new micro-betting business founded by Simplebet co-founder Joey Levy and social media personality Jake Paul.

The HOFV/Betr mobile sportsbook will allow consumers in Ohio to wager on sports online. The app will feature a new micro-betting option, whereby users can bet on a wide range of actions in a live sporting event such as pitches in baseball and shots in soccer.

The new HOFV/RSI retail sportsbook, operating as BetRivers Sportsbook, will open at the Hall of Fame Village’s Fan Engagement Zone in Canton, Ohio.

The Ohio Casino Control Commission approved both licences ahead of the state opening its legal sports wagering market on 1 January 2023.

“The legalisation of sports betting in Ohio, opens up a ..

November 2, 2022

William Hill scores in-stadium betting partnership with Celtic

Bookmaker William Hill has entered an in-stadium retail betting partnership with Scottish Premiership football club Celtic.

Under the deal, William Hill will become the team’s official in-stadium betting partner and operate retail betting facilities inside the club’s Celtic Park home.

The arrangement will run for two years, with fans able to place a range of bets and also take advantage of exclusive offers and promotions on Celtic home matchdays.

“We are delighted to partner up with Celtic at their iconic home and deliver our unrivalled retail betting experience to the Celtic faithful,” William Hill’s director of media, sponsorships and UK creative, Liam McKee, said. It promises to be another exciting season at Paradise, and we are thrilled to be along for the journey.”

Celtic’s commercial director Adrian Filby added: “We are very pleased to be partnering with an industry leader in William Hill. We are certain that supporters who use this service will benefit from an enhanced stad..

November 1, 2022

UK gaming tax intake rises in H1 of 2022-23, but remote duty down

UK provisional betting and gaming tax intake for the six months to 30 September has risen 11.0% from £1.46bn to £1.62bn ($1.85bn/ €1.88bn) compared to the same period the previous year.

The largest contributors to this figure is the Lottery Duty, which represents 30% of the total, and the Remote Gaming Duty which contributes 28% of the total. However, both the duties declined both in absolute terms and percentage of the total from same period the previous year.

The 2022 figures had a high degree of variability month to month, demonstrating both seasonal variation and a decreased month-to-month stability in the figures post-pandemic – as commented on by HRMC.

“Since the 2020-21 financial year, monthly receipts have been more unpredictable and, instead, receipts across each quarter are now more representative,” it said.

As a result, the figures had a large range. At the high end, almost £500m of the total was gathered in April alone – while in September, just £93m was received by th..

October 31, 2022

Rhode Island falls just short of revenue record in September

Sports betting revenue in Rhode Island reached $6.4m (£5.6m/€6.5m) in September, the second-highest monthly total on record.

Revenue was 60.0% higher than the $4.0m recorded in September 2021 and also 113.3% up from $3.0m in August this year.

The total was also just short of the monthly record of $6.7m posted in November 2021.

Mobile betting accounted for $3.6m of all revenue during the month, with Twin River’s retail sportsbook contributing $1.6m and the Tiverton Casino posting $1.1m from its land-based sports betting facility.

In terms of player spending, handle for the month was $41.7m, up 1.2% from $41.2m in the same month last year and 50.5% ahead of $27.7m in August this year. This was helped by the start of the new NFL season, which kicked off at the start of September.

Consumers wagered $26.8m online in September, while $14.8m was spent at the two retail sportsbooks. Twin River’s facility drew $9.9m in bets and Tiverton Casino’s $4.9m.

For the state’s financial year to da..

October 28, 2022

World Cup could be make-or-break for industry marketing

iGB op-ed: Many will be paying close attention to how the industry markets its products during the 2022 Fifa World Cup. Daniel O’Boyle writes that the industry’s actions during the tournament may be the difference between fuel for a further crackdown or a chance to change the tide of the debate on gambling.

Yesterday, France announced a series of new rules and recommendations on bonuses. The contents of the regulations published by regulator l’Autorité Nationale des Jeux (ANJ) are interesting for sure, but there may be more to think about beyond that.

The new rules on transparency are good, and other markets would largely benefit from requiring operators to make the terms surrounding bonuses as clear as possible.

Other rules, particularly the ban on sending bonuses to “excessive” gamblers, are clearly well-meaning but likely too vague to be implemented in the way that is hoped.

The non-binding “recommendations”, meanwhile, are hard to judge without knowing how motivated operators..

October 25, 2022

NH sports betting revenue reaches nine-month high in September

Sports betting revenue in New Hampshire increased to a nine-month high in September, while the US state also posted year-on-year growth across revenue and handle.

Total gross gaming revenue for September amounted to $7.4m (£.5m/€7.5m), up by 68.2% year-on-year from $4.4m in the same month last year and 76.2% more than $4.2m in August this year. It was also the highest monthly amount since $8.0m was generated in January 2022.

Online sports betting was responsible for $7.7m in revenue for the month, but a $374,088 loss from retail sportsbooks pushed the figure down to $7.4m.

In terms of player spending, handle for the month stood at $78.2m, up 14.8% from $68.1m in September 2021 and also 80.2% higher than $43.4m in August this year.

Consumers wagered a total of $58.5m online during the month, while the remaining $19.8m was spent betting at retail sportsbooks across the state.

Tax generated from sports wagering in September reached $3.2m, with $3.5m coming from online, while retail’s..

October 24, 2022

Kindred expands in US with Unibet tribal launch in Washington

Kindred Group is to launch its Unibet brand in the state of Washington through a partnership with the Swinomish tribe and its Swinomish Casino and Lodge in Anacortes.

Under the deal, which will run for six years and include a five-year right to extend, Kindred and Swinomish will launch a co-branded Unibet and Swinomish retail sportsbook at the land-based casino.

Online betting is currently not legal in Washington, with the exception of mobile-on-property betting while at land-based casinos.

The launch is subject to licensure and regulatory approvals and would mark the seventh US state in which Unibet is offering sports betting.

“We are very excited to expand our footprint in the US, and to do so together with the Swinomish tribe,” Kindred senior vice-president for North America, Manuel Stan, said. “The opening of a sportsbook lounge at the Swinomish Casino and Lodge will allow us to offer best in class sports betting experiences.”

Kindred added that it would continue to invest in ..

October 24, 2022

Arizona sports betting handle reaches $361.0m in August

Player spending on sports betting in Arizona jumped 24.3% month-on-month to $361.0m (£319.3m/€367.6m) in August, while revenue in the state also increased.

Sports wagering handle was ahead of $290.5m in July and also represented the second consecutive month of growth in the state. Some $359.2m was wagered online, with just $1.5m spent at retail sportsbooks.

Players won $323.8m from sports betting in August, leaving $36.3m in revenue for the month, up 65.0% from $22.0m in July.

After accounting for $8.5m in free bets and promotional credits, taxable revenue for the month was $27.8m, an increase of 85.3% from $27.8m in the previous month.

DraftKings led the market in terms of handle, processing $129.8m in bets, all of which were placed online. FanDuel was second with $109.7m in total bets, split $108.7m online and $1.0m at retail locations, then BetMGM on $58.2m in online wagers.

Turning to gross revenue and FanDuel narrowly claimed top spot with $11.7m. DraftKings was second with $..

October 24, 2022

Online slots boost German gambling tax revenue to €596.1m in Q3

German gambling tax revenue came to €596.1m in the third quarter of 2022, a year-on-year increase driven mostly by growth of online slots.

The total German gambling tax take was up by 15.5% year-on-year.

Of this total, €123.2m came from online slots. This was up drastically from Q3 of 2021, when operators paid only €32.7m in taxes during the first quarter under Germany’s new Fourth State Treaty on Gambling.

As part of the new regime, online slot operators must pay 5.3% of stakes in taxes, which has been a major source of controversy.

Only a small number of operators were licensed to offer online slots in Germany in Q3, but a transition period is in place which means that operators will not face enforcement action as long as they keep to the rules of the State Treaty and pay gambling taxes.

Online poker tax income was €8.0m, slightly more than double the total from a year earlier. Like slots, online poker is also subject to a 5.3% tax on stakes, and – with no licensees yet – the en..

October 20, 2022

Mississippi reveals year-on-year sports betting handle decline in September

Player spending on sports betting in Mississippi fell 21.4% year-on-year during September, though revenue in the US state remained level.

Wagering handle for the month amounted to $43.1m (£38.3m/€44.0m), down from $54.8m in September 2021, but more than double the $21.2m spent by consumers in August of this year.

However, despite the decline in spending, revenue was level year-on-year at $8.8m, with this figure also 225.9% higher than $2.7m in August.

Coastal casinos remained the most popular venues to place bets on sports in Mississippi, with players wagering a total of $28.1m and the casinos turning a revenue of $5.5m.

Handle for central casinos was $8.2m, with revenue at $1.8m, while spending at northern casinos totalled $6.9m and revenue $1.6m.

Football overtook baseball to become the sport of choice among players, with $16.5m bet at coastal casinos, $3.1m at central casinos and $4.4m at northern casinos.

Win percentage for the month was 20.4%, an increase from 16.1% in Septe..

October 19, 2022

Sports betting growth drives PA gambling revenue up 7.9% in September

Gambling revenue in Pennsylvania increased by 7.9% year-on-year in September following a 77.7% jump in sports betting revenue.

Total gambling revenue for the month amounted to $448.5m (£399.5m/€459.1m), which was ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year.

Retail slots remained by far the main source of revenue for operators in Pennsylvania during September, though revenue from this area of the market fell 0.2% to $198.5m. Retail table games revenue was also down 2.9% to $81.6m.

However, these declines were more than offset by growth in almost all other sections of the state’s market, including sports betting where revenue rocketed from $28.3m in 2021 to $50.2m this year.

Of this total, $43.0m came from online wagering, with the remaining $7.3m generated at retail sportsbooks. Sports betting handle was also up 11.5% year-on-year to $645.2m.

Valley Forge Casino Resort and FanDuel moved into first place in the sports betting market in..

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Tag: Retail sports betting