Sports betting – Page 21

June 5, 2024

ANJ urges RG caution in France ahead of potential €1bn in Euro 2024 bets

L'Autorité Nationale des Jeux (ANJ), the regulator of gambling in France, has launched a new problem gambling prevention campaign ahead of Euro 2024.

Euro 2024 gets under way in Germany on 14 June and the ANJ says close to €1bn (£851.4m/$1.1bn) could be staked in France on the tournament. The ANJ did note the stake amounts will depend on how France, among the favourites to lift the trophy, fare in the competition.

The €1bn figure would surpass the 2022 World Cup’s stakes total of €900m, when France reached the final. The last European Championships, held in 2021, generated €700m in bets.

However, amid the expected increase in betting activity, the ANJ is urging players – particularly younger people – to take notice of legal notices featured on gambling advertising.

The ANJ’s new prevention campaign aims to raise awareness of betting addiction and the resulting problems. The messages highlight a “deliberately disproportionate” section on addiction risks in yellow to tell the “r..

June 5, 2024

Analyst warns Illinois betting tax hike could trigger similar moves in other states

The decision by lawmakers in Illinois to push ahead with an increase in sports betting tax could push other states across the US to take similar action, an analyst from consultancy B Global has warned.

Last week, the Illinois house of representatives passed a progressive wagering tax rate. This will see the state’s most prolific sports betting operators pay tax at 40%, a sharp rise from the current rate of 15%.

The new-look structure sets rates at between 20% and 40%, depending on each operator’s adjusted gaming revenue (AGR). Operators posting more than $200m (£157m/€184m) face the highest rate of 40% – the second-highest tax rate in the US behind New York at 51%.

Other boundaries include a 20% tax rate for operators with an AGR of under $30m, 25% for between 30m and $50m, 30% for AGR ranging from $50m to $100m and 35% for AGR of $100m to $200m.

The proposal, which forms part of the FY2025 budget in Illinois, is now with Illinois’ governor, JB Pritzker, for sign-off. Should Pritzk..

June 5, 2024

Leaving on a jet plane? Man tied to Porter betting scheme busted at JFK

Banned NBA player Jontay Porter intentionally removed himself from games as a way to pay back “large gambling debts” according to a complaint filed in US District Court for the Eastern District of New York. One of Porter's “co-conspirators” was arrested on Monday (3 June) and appeared in court the following day.

Long Phi Pham, also known as “Bruce,” was ordered held in custody until trial, according to a US Attorney’s Office press release. Per the NY Daily News, Pham was identified as one of the top 1% of poker players in the world at his arraignment on Tuesday.

He was arrested at JFK Airport on Monday after booking a one-way ticket to Australia. Pham is being charged with wire fraud. Pham was carrying about $92,000 in cash and cashier’s cheques, three cell phones and betting slips, according to the complaint.

Three more participants at large

Three other co-conspirators have not yet been arrested. Porter is not named in the complaint, although there is reference to a “Playe..

June 5, 2024

Major League Baseball bans Padres’ Marcano for life, suspends four others

On Tuesday (4 June) Major League Baseball became the latest US professional sports league to ban players for violating gambling rules in the post-PASPA era. San Diego Padres infielder Tucupita Marcano was banned for life after it was revealed that he had bet on his own team.

Four other players, including Oakland Athletics pitcher Michael Kelly, were suspended for up to a year, according to MLB.com. Prior to Tuesday, every other major professional sports league had banned at least one player. Marcano becomes the second player in a US pro league to be handed a lifetime ban this year. On 17 April, the NBA banned Jontay Porter for life after it was discovered that he had bet on the NBA and had shared personal health information with another bettor.

Last year, the NFL suspended 10 players for up to a year for various violations of league gambling rules. All have since been reinstated. The NHL suspended Shane Pinto for violating league rules last October. In addition, the PGA Tour last O..

June 4, 2024

Mizuhara pleads guilty to stealing $17m from Ohtani to pay gambling debt

On Tuesday (4 June) morning, former Shohei Ohtani interpreter Ippei Mizuhara pled guilty to two federal counts of stealing $17m from Ohtani. Mizuhara fell hard and fast into gambling debt with an illegal bookmaker. His sentencing is set for 25 October.

Mizuhara, wearing a dark suit with an untucked shirt and no tie, told Judge John A Holcomb: “I worked for Victim A and had access to his accounts. I had fallen into major gambling debt. The only way I could think of to pay that was to send money from Victim A’s account” to the illegal bookmaker.

Mizuhara then pled guilty to one count of bank fraud and one count of subscribing to a fraudulent tax return. The maximum penalty for the charges is 33 years in prison and a $1.5m fine. Tuesday’s proceedings took place at the Ronald Reagan Federal Building and Court House in Santa Ana, California. Previous court appearances were at the Roybal federal complex in downtown Los Angeles.

From here, the court and US Probation Office will put toge..

June 4, 2024

Spain online gambling revenue rises to €350.7m in Q1

Gross online gambling revenue in Spain amounted to €350.7m (£298.6m/$381.6m) during Q1, a 15.1% increase from the opening quarter of last year and 11.2% ahead of Q4.

The Q1 total was comfortably ahead of €313.3m in the same period last year. It is also more than the €315.3m generated in Spain in the final quarter of 2023.

Casino remains the primary source of revenue, generating €167.8m in Q1, or 47.8% of all market revenue. The quarterly total was 17.0% higher than last year but 2.1% behind Q4.

Year-on-year casino growth was helped by a 15.0% rise in slots revenue and 22.2% rise in roulette revenue. Growth was also reported across blackjack and roulette.

Elsewhere, sports betting revenue amounted to €150.3m, representing 42.9% of overall revenue for the quarter. This is 15.4% higher than Q1 last year and also 31.0% ahead of Q4.

Within this market, pre-match betting activity rocketed by 588.8% year-on-year but in-play bets were down 31.7%. Other bet types edged up 1.6% while horse ..

June 4, 2024

MLB investigating Padres player, four minor leaguers for betting on baseball

Major League Baseball (MLB) has opened an investigation into five players thought to have bet on baseball while playing in the league, the Wall Street Journal reported on Monday (3 June). The players face a lifetime ban if the accusations are true.

MLB – and all of the US professional sports leagues – prohibit players from betting on their own sport. MLB players who bet on their own teams face a lifetime suspension. The penalty for betting on other teams is up to one year.

San Diego Padres infielder Tucupita Marcano was named by the WSJ, which also reported four minor leaguers are under investigation. It’s not clear if the players were betting legally or illegally. Marcano is being investigated for betting on baseball and the Pittsburgh Pirates. He was on injured reserve last season.

US professional sports have been under a microscope with regard to gambling of late. Former NBA player Jontay Porter was banned from the league for life on 17 April after violating league gambling ru..

June 3, 2024

What if Ippei Mizuhara had started betting with a legal operator in a legal market?

Shohei Ohtani's former interpreter Ippei Mizuhara bet millions with an illegal bookie. His addiction bloomed fast. Could he have been slowed or helped if he'd been wagering with a legal operator?

US operators have many checkpoints in place that may have indicated Mizuhara had or was developing an addiction problem. And none would have extended Mizuhara credit to gamble.

But the short answer, according to a recovering addict turned addiction counselor, is that none of that would have mattered. The best efforts by legal operators are no match for addiction.

“To a (addicted) bettor, none of those are a deterrent,” said Dave Yeager, who overcame a gambling addiction and is now a recovery counsellor. “In the throes of an addiction, when the addiction is at its highest, when the next bet is so all-consuming, then nothing else matters…. There’s just not a whole lot of things that are going to stop you from doing it.”

At its height, addiction is overpowering

Yeager, who works ..

June 3, 2024

England cricketer Carse banned for betting breach

English fast bowler Brydon Carse will serve a ban from playing cricket after breaching betting rules.

The punishment from the Cricket Regulator states 13 months of Carse’s 16-month ban will be suspended.

Brydon’s team Durham says he can train during his ban, which will run until 28 August.

The 28-year-old is charged with placing 303 bets on various matches between 2017 and 2019.

Carse did not place any bets on games in which he played. He accepted the charges and “demonstrated significant remorse”, the Cricket Regulator said.

The Cricket Regulator is responsible for monitoring compliance and enforcement of the game’s regulations in England. It was established in December 2023 and is ring-fenced from the rest of the England and Wales Cricket Board (ECB).

Educational example

“We take these matters extremely seriously and do not condone any form of anti-corruption breach in cricket,” the ECB stated.

“We support the Cricket Regulator’s decision and their consideration of the mitiga..

June 3, 2024

Ohio sports betting revenue hikes 15.8% to $73.9m in April

Sports betting revenue in Ohio reached $73.9m (£58m/€68.1m) in April, a 15.8% month-on-month increase.

The April revenue was a sizeable rise on the $63.8m reported in Ohio in March. The figure also takes Ohio to a year-to-date sports betting revenue of $317.1m.

Online accounted for $72.8m in revenue, 98.5% of the total. Retail, meanwhile, was responsible for $1.1m.

The rise in revenue was despite handle dropping 16.7% to $673.2m from March’s figure of $808.2m. Ohio operators paid out $593.1m in winnings, while $20.1m was attributed to promotions.

Year-on-year, handle was up 29.3% while revenue was 16.7% higher than the same month last year.

FanDuel still on top

FanDuel again led the way in April with online handle and revenue of $226.7m and $34m respectively.

DraftKings, meanwhile, reported April online handle of $216.8m and revenue of $20.8m.

Bet365 was third again for handle with a total of $48.9m, generating $5.1m in revenue. BetMGM and ESPN Bet reported handles of $45.2m an..

June 3, 2024

US April round-up: Betting growth in Virginia, mixed month for Colorado

Analysing the latest monthly sports betting results from across the US, iGB takes a look at year-on-year growth in Virginia during April and a month of mixed fortunes in Colorado.

Virginia reported an increase in both sports betting revenue and handle in April. However, while Colorado saw player spending rise year-on-year, total wagering revenue was lower.

Beginning in Virginia with player spending, this amounted to $563.5m (£442.4m/€519.2m. This represents a year-on-year rise of 32.3% but 11.3% less than March’s $635.5m total.

Bettors spent some $559.3m betting online, plus $4.2m at retail sportsbooks in land-based casinos across Virginia.

As for adjusted gross revenue, this hit $54.6m, which is 40.4% higher than April last year and 28.8% more than $42.4m in March this year.

Of this total, $54.5m came from online betting, while just $110,208 was generated in retail revenue.

Adjusted gross revenue is calculated by taking off player winnings, bonuses and promotion and other ded..

June 3, 2024

BetMakers pens market access deals with Bet365 in New Jersey and Colorado

BetMakers Technology Group has entered into market access agreements with Bet365 to supply the operator with its fixed odds horse racing betting offering in New Jersey and Colorado.

Under the agreements, BetMakers will offer fixed-odds bets on thoroughbred horse racing to Bet365 customers across both states. Both deals run for a period of two years.

Bet365 will be licensed to distribute BetMakers’ thoroughbred racing content to players in New Jersey. The arrangement also covers thoroughbred and harness racing in Colorado.

In New Jersey, Bet365 will pay BetMakers a market access fee. This is based on a percentage of all fixed-odds bets placed in the state on thoroughbred racing events. In addition, Bet365 will pay a content fee based on a percentage of fixed-odds bets placed in both New Jersey and Colorado on applicable BetMakers Global Racing Network content.

BetMakers said the deal marks the entrance of the first major operator to New Jersey’s fixed-odds horse racing market. As ..

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Tag: Sports betting