Sports betting – Page 67

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 4, 2023

Maine sports wagers surpass $37.0m in opening month

Consumers in Maine spent more than $37.0m (£29.1m/€34.0m) betting on sports during the first month of legal wagering in the Pine Tree State.

Total handle in the month amounted to $37.6m. Maine launched its market on 3 November, with the reporting period covering the 27 days to the end of November.

Players won $32.7m from wagering during the month. After discounting $137,112 in voided bets and $82,342 in federal excise tax, this left adjusted gross receipts of $4.6m.

In addition, the State of Maine Gambling Control Unit says $464,152 was collected in other tax. Operators pay at a rate of 10% of adjusted gross receipts.

DraftKings ahead of Caesars in Maine

Looking at operators active in the opening month, only DraftKings and Caesars were live in November. Both launched in Maine on the market’s opening day on 3 November.

DraftKings performed the better of the two, posting $4.3m in adjusted gross receipts from a $30.5m handle. The operator is working with the Passamaquoddy tribe to o..

December 1, 2023

Connecticut Lottery names Fanatics as sports betting partner

The Connecticut Lottery Corporation has named Fanatics Betting and Gaming (FBG), a subsidiary of Fanatics, as its new sports betting partner in Connecticut.

As part of the deal, the Fanatics Sportsbook will become the Connecticut Lottery’s exclusive sports betting partner, covering both mobile and retail betting. The transition is expected to occur in mid-December.

The Fanatics Sportsbook will be available across ten retail betting locations in Connecticut, as well as on mobile.

Greg Smith, president and CEO of the Connecticut Lottery, said it expects growth in market share as a result of the partnership.

“Fanatics is the only true sports brand in the gaming space and has established itself as an innovator in the industry,” said Smith.

“We have been impressed with the Fanatics team, their aggressive entry into the US sports betting market and we are excited to see how they redefine the sports betting customer experience here in Connecticut.

“CLC anticipates notable market share ..

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..

December 1, 2023

Oddset Sportwetten pledges support to Germany’s DSWV

German sports betting trade body Deutscher Sportwettenverband (DSWV) has welcomed state-owned operator Oddset Sportwetten as its latest member.

Oddset Sportwetten joins DSWV with immediate effect from today (1 December). It means all major private or state-owned operators in Germany are now working with the DSWV.

The operator will join other brands in working with the the DSWV to protect legal sports betting in the country.

“The regulation of sports betting in Germany – in particular important issues of player protection and the fight against the black market – will be the focus of the joint work,” the DSWV said.

Founded in 2014, the DSWV represents the interests of sports betting providers in Germany. The organisation facilitates dialogue between operators, politicians and the media.

Other DSWV members include Admiral Bet, Bet-at-home, Bet365, Betway, Bild Bet, Bwin, Interwetten, Sportwetten.de and Tipico.

DSWV-backed study flags concerns over Germany black market

News of the e..

December 1, 2023

North Carolina approves online sports betting licence applications

The North Carolina State Lottery Commission has approved applications for sports betting licensure, with operators able to begin applying for licences in the state.

Online sports betting operators, as well as associated sports betting suppliers and providers, can now submit applications. The North Carolina State Lottery Commission will review any applications put forward.

The approval takes North Carolina a step closer to launching its legal sports betting market. Governor Roy Cooper signed House Bill 347 into law in June, officially legalising wagering.

However, a launch date for the market has not yet been confirmed. Commission chair Ripley Rand said this will depend on a number of factors, primarily how long the application process takes.

Rand said the Commission will need to review all applications and supporting information. It will also need to complete background checks and analyse all internal control details before it can set a launch date.

The Commission has 60 days to r..

December 1, 2023

Nevada gambling revenue exceeds $1.3bn in October

Gambling revenue in Nevada increased 3.1% year-on-year to $1.32bn (£1.04bn/€1.21bn) in October, helped by growth across multi-denomination slots, baccarat and sports pool betting.

Revenue was ahead of $1.28bn in October 2022 and also 3.9% more than $1.27bn in Nevada in September this year. It was also the best October revenue total in the history of the state’s market.

Slots drew the lion’s share of revenue, generating $894.9m in revenue in October. This was 2.0% higher than in the same month last year.

Multi-denomination slots were the single highest revenue source with $527.8m for the month, up 16.3%. Incidentally, almost all other slot games reported a decline in revenue, including penny slots, with revenue dropping 11.7% to $271.9m

Baccarat growth continues in Nevada

Figures released by the Nevada Gaming Control Board showed table, counter and card game revenue edged up 4.2% to $420.3m. This was helped by ongoing growth within the baccarat segment, with revenue jumping 35.3% t..

November 29, 2023

Brazil’s Senate plenary to delay final voting on regulation until December

Today's vote in Brazil's Senate plenary has been delayed until December, following more than 100 amendments to the bill.

Originally scheduled to vote for today (29 November), the Senate plenary has agreed to delay the vote until an unconfirmed date in December.

This follows the bill being presented by Senator Angelo Coronel, a key proponent for legalisation in Brazil.

The newly proposed amendments total more than 100, which will now be considered. These include a proposed taxation of fantasy sports on the same level as the 12% for sports betting and online casino, as well as the role of the health sector in the exclusion process.

Due to the requested amends, and there being a lack of of quorum to vote, the vote will now be delayed.

The president of the Brazilian Senate, Rodrigo Pacheco, will now need to decide the next voting date, although this is expected to be in December.

Once the bill is approved, it will need to be returned to the Chamber of Deputies for revie..

November 29, 2023

Penn Entertainment’s ESPN Bet and theScore Bet strike partnerships with NHL

Penn Entertainment has struck a deal for its ESPN Bet and theScore Bet brands to become official sports betting partners of the National Hockey League (NHL).

Under the arrangement, ESPN Bet becomes an NHL partner in the US. Penn also agreed for theScore Bet to partner with the NHL in Ontario, Canada.

Penn said the deal comes into effect immediately. It covers the NHL regular season, Stanley Cup Playoffs, 2024 NHL Winter Classic, 2024 NHL Stadium Series, and 2024 NHL All-Star Weekend.

The agreement will grant ESPN Bet and theScore Bet access to a host of entitlements. These include IP rights and media and marketing integrations across the NHL’s programming and premium NHL experiences. In addition, the partnership includes collaboration for game integrity procedures.

Major partnership for newcomer ESPN Bet

ESPN Bet, a product of Penn’s partnership with Disney-owned ESPN, is among the latest brands to launch in the US. It went live across 17 states on 14 November.

In essence, it ..

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 27, 2023

Brazil’s upcoming vote: Everything you need to know

Brazil's Senate plenary could vote to legalise sports betting and online casino on Wednesday (29 November). Ahead of the vote, we bring you all you need to know about the journey so far.

Before we delve into the complex legal history of sports betting in Brazil, let’s start off with last week’s key step.

Last Tuesday (21 November), the industry was waiting eagerly for Brazil’s Economic Affairs Committee (CAE) to vote on whether to greenlight sports betting and igaming through Bill 3,626/2023. This was delayed by one day on the request of senators, according to Senado Noticias.

The bill will now head to the Senate Plenary this Wednesday (29 November)

The CAE’s eventual approval on Wednesday 22 November gave the thumbs-up for the bill to move to the Senate plenary. This session will now take place this Wednesday (29 November). If the plenary vote goes in the bill’s favour, sports betting and igaming will officially be legal in Brazil.

Importantly, the outcome at the CAE confirm..

November 27, 2023

Brazil Football Confederation appoints Gussem to oversee integrity

The Brazilian Football Confederation (CBF) has appointed Eduardo Gussem, former attorney-general of Rio de Janeiro, as its integrity officer as part of an effort to clamp down on manipulation in the sport.

Gussem will now work with a multidisciplinary team and focus on strengthening integrity functions across football in Brazil. This includes overseeing a new integrity unit within the CBF.

He will also work with partners to help identify and punish criminals in Brazil. These include the International Centre for Sports Security, Global Alliance for Sports Integrity and a private investigative task force.

Gussem joins having previously been attorney-general of justice and president of the Public Ministry Association in Rio de Janeiro.

CBF: Online sports betting increases risk of football manipulation

CBF president Ednaldo Rodrigues said the rising popularity of sports betting has increased the risk of manipulation in football. He added that this is particularly an issue within the ..

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Tag: Sports betting