Sports betting – Page 6

August 21, 2024

Sports betting and igaming continue to offset Pennsylvania retail decline in July

Pennsylvania posted further year-on-year declines in land-based gambling revenue in July, although the state saw total market revenue increase on the back of ongoing growth across igaming and sports betting.
Revenue from gambling in Pennsylvania in July hit $500.8m (£384.2m/€450.2m), according to the state’s Gaming Control Board. This is 7.2% higher than last year and also 6.1% more than $472.0m in June this year.

Despite revenue from retail slots declining 4.8% year-on-year to $204.3m, this remains the biggest source of gambling revenue in Pennsylvania. Land-based table revenue also fell 4.8% to $79.4m but still ranked third in terms of total revenue generated.

Igaming revenue tops $174.3m in July
Turning to online gambling, there is seemingly no stopping growth within the igaming sector in Pennsylvania. For July, total revenue from igaming was $174.3m, a rise of 31.2% from last year.

Of this total, $125.4m came from online slots, up 32.2%. Internet table games revenue was also up ..

August 21, 2024

ACMA orders blocking of more illegal affiliate websites in Australia

The Australia Communications and Media Authority (ACMA) has asked internet service providers (ISPs) to block access to a further four illegal gambling sites.
Casino Australia Online, Pokies.bet, Pokiesman and Smart Pokies were all identified as targeting consumers illegally earlier today (21 August). The four affiliate sites promote illegal online gambling in Australia, in breach of the 2001 Interactive Gambling Act.

The Act bans products such as online casinos, online slots and in-play sports betting.

Websites may also face action for offering online gambling without an operating licence in Australia. ACMA can also block sites publishing adverts for prohibited or unlicensed gambling services.

Ongoing effort to combat illegal online gambling in Australia
ACMA began making blocking requests in November 2019. Since then it has blocked 1,026 illegal gambling and affiliate websites.

In addition to this, 220 services have exited Australia since ACMA began enforcing illegal offshore gam..

August 21, 2024

Michigan online gambling, sports betting AGR up YoY and month over month

Michigan's online gambling industry continues to grow, as July igaming and digital sports betting adjusted gross receipts (AGR) grew a combined 3.2% over June.
In addition, compared to July 2023, online gambling AGR was up 24.7% and sports betting was up 5.2%, according to the Michigan Gaming Control Board (MGCB), which released results on Tuesday (20 August).

But the big news was wagering hold. Digital sports betting operators recorded an 11.3% win rate in July, the fourth consecutive month of double-digit hold, according to the Sports Handle revenue database. That’s the second-highest hold since digital operators went live in January 2021.

The operators’ most successful month for hold was September 2022 – the second football season during which digital betting was live. That month, operators kept 13.15% of handle.

Overall, Michigan online gambling commercial and tribal operators reported a combined $220.9m (£169.4m/€198.4m) in gross receipts. Michigan has three land-based ..

August 20, 2024

As SEC considers mandating injury report, a look at how betting has changed college sports

Six years into legal sports betting in many US jurisdictions, changes to sports are apparent. Student-athletes and professional athletes get gambling education, fans heckling players about bets are punished in some locales and the NCAA last spring began asking states to ban college-player prop bets.
But the most recent change heading into the college football season is the injury report. Required in the NFL, injury reports were previously not a part of the college football landscape. The Big Ten last year became the first Power Five conference to mandate them. This year, it appears the Southeastern Conference (SEC) will follow suit. The SEC opens its season on 29 August when Arkansas hosts Arkansas-Pine Bluff and No 11 Missouri hosts Murray State.

The broader college football season officially kicks off on Friday (24 August) when No 10 Florida State plays at Georgia Tech.

So far the SEC has not announced that it will require injury reporting. But a decision is expected before the se..

August 20, 2024

Last chance for US gambling expansion in 2024 dies in Nebraska

Seventeen days into its special session, on Tuesday (20 August), the Nebraska legislature adjourned sine die, leaving legal digital sports betting and many other issues unresolved. Governor Jim Pillen called the special session with the goal of addressing property tax relief.
The Nebraska special session likely represented the last opportunity for digital wagering or online casino expansion in the US in 2024. This year marks the first time since the Professional and Amateur Sports Protection Act (PASPA) fell in 2018 that no state has legalised some form of sports betting.

Legal wagering would have played a significant role in cutting back property taxes in Nebraska. Unlike in other US states, property tax proceeds are used to fund public education. Nebraska is among the top 10 states in the US in terms of property-tax burden. Homeowners are charged a median 1.61%. Some 90% of wagering tax revenue in Senator Eliot Bostar’s bill package was earmarked for property tax relief.

Still n..

August 20, 2024

KTO targeting 10% market share in Brazil’s regulated betting market

Speaking to iGB, KTO founder and CEO Andreas Bardun is aiming to capture a 10% market share of the licensed Brazilian betting market. He is confident the group's hard work and prolific localisation strategy will pay off.
KTO has been active in Brazil since 2019, when it initially launched in a single state. Prolific expansion and various regional and national sports sponsorships have helped it gain a foothold in the market.

“I believe anyone should aim to have at least 10% market share in Brazil long term and we aim to be a market leader,” Bardun explains. “To be considered among the top brands, I think you need to have at least 10%.

“To be considered among the top brands, I think you need to have at least 10% [market share],” says KTO CEO ANdreas bardun
“We know we’re probably far off that at the moment, but if you consider pound for pound what we have done in Brazil because we are coming from very humble backgrounds with very small investment into the company and to be able ..

August 20, 2024

Thirteen Nebraska lawmakers speak out against legalising online sports betting

Last week, a proposal to legalise online sports betting in Nebraska withstood rigorous examination by the Unicameral General Affairs Committee and is now poised for a decisive vote by all state lawmakers. The outcome of this vote remains uncertain, however, as a faction of Nebraska lawmakers is determined to thwart the initiative’s progress.
Thirteen senators banded together and made their stance clear through a statement issued on Friday (16 August). They voiced their staunch opposition to the measure. Their primary concern is the potential exacerbation of problem gambling issues that could arise from the legalisation of online sports betting.

These senators also express skepticism regarding the financial benefits of such legislation. They challenged the optimistic revenue projections that proponents have cited based on successes in other states. Senators John Lowe, Ray Aguilar, Joni Albrecht, Robert Clements, Robert Dover, Steve Erdman, Steve Halloran, Brian Hardin, Rick Holdcroft, ..

August 20, 2024

Episode 33: Momentum building for Missouri sports betting?

Last week Secretary of State Jay Ashcroft confirmed voters would have the final say on Missouri sports betting, potentially breaking an impasse that has seen legalisation efforts run into a brick wall in the statehouse.

Path to legal betting isn’t fully cleared
The ballot measure, which tethers online sportsbooks to sports venues, was put forward by Missouri’s professional sports teams with backing from FanDuel and DraftKings but no buy-in from the state’s casinos.

Listen on Apple Podcasts

And early polling suggests voters are not yet on side. A Remington poll in May showed 60% were opposed to legal sports betting. However more recent numbers from Emerson suggest differently; their figures show 38% in favour and 35% against, with a lot of undecideds.

There’s also a highly contentious abortion measure on the ballot, which may drive voter turnout. Could that be beneficial for Missouri sports betting?

August 19, 2024

DC councilmember Trayon White charged with bribery

On Monday (19 August) DC Councilmember Trayon White was charged with bribery after the FBI arrested him on Sunday (18 August). White is accused of taking $156,000 in “kickbacks and cash payment” according to a federal affidavit.
White was a member of the DC Council in 2019 when it agreed to leglalise single-source digital sports betting. DC Lottery partner Intralot got the wagering contract without a bid process. White was absent the day of that vote, but in June 2024 voted to pass a budget that opened the market.

Throughout the 2024 process, however, stakeholders were unsure how White, who was often absent from meetings, would vote. In the end, he lined up in favour and the budget unanimously passed.

According to a federal affidavit filed Friday and unsealed Monday, White took cash and other bribes to convince city government employees to extend contracts for vendors that would benefit at-risk youth. White, from Ward 8, an impoverished part of the District, has been a champion fo..

August 19, 2024

US July round-up: sports betting growth in Louisiana, Kansas and Vermont

Rounding up some of the latest state monthly sports betting reports in the US, iGB looks at year-on-year revenue growth in Louisiana and Kansas and month-on-month improvement in Vermont during July.
Summer lull hits Louisiana sports betting in July
Starting in Louisiana, total handle in the state hit $184.5m, up 37.0% from last year but 13.0% less than June. Online accounted for $172.3m of all wagers, a rise of 40.6%, with retail bets level at $12.3m.

Thanks to a 13% hold, revenue climbed 36.4% year-on-year to $24m (£18.5m/€21.8m). However this is 8.4% lower than June’s total, according to the Louisiana Gaming Control Board.

Of all revenue, $22.5m came from online betting, a 43.1% increase from last year. However, retail wagering revenue slipped 17.9% year-on-year to $1.6m, a 12.7% hold.

Parlay betting was the main source of revenue for Louisiana sportsbooks. For June, revenue from online parlay bets hit $14.7m and $737,540 from retail wagers. In terms of individual sports, basebal..

August 19, 2024

Colombia government credits online gambling for supporting GDP growth in Q2

Colombia’s igaming market revenue reached COP10bn (£1.9bn/€2.2bn/$2.5bn) in Q2, with the sector credited as a key component of the nation’s economic growth over the quarter.
National gross domestic product (GDP) grew by 2.1% over Q2 and the country’s National Administrative Department of Statistics (DANE) pointed to Colombian online gambling as one of the activities that most helped that growth.

DANE director Piedad Urdinola highlighted the impact of recent sporting activities in particular as driving a rise in online betting. In this summer’s Copa América tournament the Colombia national team reached the final.

Marco Emilio Hincapié, president of Colombian gambling regulator Coljuegos, revealed that sports betting was indeed the largest contributor to the online betting sector, accounting for 47% of total gross gaming revenue (GGR) nationally.

Localised games such as bingo and casino were second with 33% of GGR, while lottery games AstroSport and Baloto generated 13% and 7% respect..

August 19, 2024

New Jersey: Sports betting and igaming growth offset land-based decline in July

Year-on-year growth across sports wagering and igaming in New Jersey offset a 6.1% decline in revenue from the Garden State’s land-based market during July.
Total market revenue in July amounted to $547.8m (£423.4m/€496.7m) according to New Jersey Division of Gaming Enforcement figures. This is 8.2% more than $506.2m in New Jersey last year and also 11.6% more than June this year.

Despite the year-on-year decline, land-based gambling remains the main source of revenue. In July, land-based revenue topped $272.3m, down from $290.0m last year. Of this, $207.3m came from slots, a drop of 4.8%, while table games revenue also fell 10.0% to $65.0m.

How far is igaming from overtaking land-based in New Jersey?
The decline in land-based revenue begs the question: could it be surpassed by igaming? For July, igaming revenue hit $195.4m, a 25.9% increase from the same month last year.

Of all igaming revenue, $192.8m was attributed to slots and table games, an increase of 26.4%. The remaining $2…

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Tag: Sports betting