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Monthly Archives: July 2022

July 21, 2022

New Hampshire sports betting handle hits $861.1m in FY22

Players in New Hampshire staked $861.1m (£718.1m/€842.8m) on sports betting during the state’s 2022 financial year, while DraftKings generated revenue of $51.6m.

Handle for the 12 months to the end of June 2022 was 65.4% higher than $520.6m in FY21, the first full financial year of legal sports betting in the state following the launch of its regulated market in December 2019.

Of this total, $670.3m was wagered via DraftKings’ online offering and $190.8m at retail sportsbooks across New Hampshire. The operator secured exclusive rights to offer sports betting via the New Hampshire state lottery in November 2019.

Turning to gross gaming revenue and for the 12-month period reached $51.6m, up 32.3% from $39.0m in FY21.

Some $44.0m of total yearly revenue was generated through online sports wagering and the remaining $7.6m came from retail activity.

The NH Lottery reported that the state recouped $23.9m in taxes from sports betting during the 2022 financial year, $20.6m of which was f..

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July 20, 2022

STS revenue declines despite higher stakes in Q2

STS – Poland’s largest bookmaker – reported a drop in net gaming revenue despite an increase in wagers in Q2.

In Q2, wagers were up 1.0% year-on-year to PLN1.11bn, despite Q2 of 2021 including the rescheduled Euro 2020. However, net gaming revenue – which includes gambling taxes as well as winnings – declined by 16.6% to PLN138m.

The business had 375,000 active users during the quarter, down from 417,000 in the same period of 2021. In addition, it reported 92,000 new registrations, down 22.7%, and 66,000 first-time depostors, down 19.2%.

Looking at the first half of 2022, net gaming revenue came to PLN296m, very slightly up from the same period of 2022.

The increase came as total wagers with the operator dipped sightly to PLN2.19bn.

“In the first half of this year, we achieved very good operating results,” STS chief executive Mateusz Juroszek said. “We have slightly improved NGR – the value of amounts staked by the customers, less the winnings paid and gambling and lottery tax – c..

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July 20, 2022

Michigan online gambling revenue declines for third consecutive month in June

Online gambling revenue in Michigan amounted to $136.9m (£114.0m/€133.8m) in June, an increase on last year but the third consecutive month of decline in the US state.

Gross internet gaming and sports betting receipts from commercial and tribal operators were up 19.9% from $114.2m in June 2021, but 14.9% lower than $160.9m in May of this year.

Internet gaming gross receipts were 36.2% higher year-on-year at $121.5m. Sports betting gross receipts amounted to $15.4m, down 38.4% on last year, despite a 14.8% year-on-year increase in handle to $270.0m.

Total adjusted gross receipts, which account for promotional spending, were $114.4m, with $109.4m from igaming and $5.0m sports wagering.

Licensed operators submitted $22.8 million in taxes and payments to the State of Michigan during June including $22.5m in igaming taxes and fees and $328,954 worth of sports betting taxes and fees.

The Michigan Gaming Control Board (MGCB) also noted that aggregate igaming adjusted gross receipts reach..

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July 20, 2022

Italy’s online sports betting revenue dips in May, while casino holds steady

Italy's igaming revenue declined to €276.4m in May from April’s €292.2m, mostly due to a dip in online sports betting.

Online sports betting revenue continued its downward trend, dropping below the €100 million mark for the first time since October 2021. This is compared to €153.5 million from May 2021. This drastic year-on-year drop is partially explained by restrictions that were in place on the retail sector in May last year, prompting more customers to bet online.

However, retail sports betting also suffered a sudden decline on a month-on-month basis after a period of stability, coming down from €83.5 million in April to €66.4 million in May.

In contrast to the betting figures, casino revenue ticked slightly upwards to €161.8 from €155.1 million. As a result, the igaming revenue product split swayed heavily away from sports betting, taking up only 35.3% of the market in May as opposed to 40.7% in April.

The drops in market share that the biggest four online casino operato..

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July 20, 2022

Pennsylvania sets $5.04bn gambling revenue record in FY21-22

Pennsylvania set a new gambling revenue record during its 2021-22 fiscal year, generating a total of $5.04bn (£4.19bn/€4.92bn) in the 12-month period.

Revenue was 29.5% higher than the $3.87bn that was reported during FY20-21, which was incidentally also the state’s previous record total.

Land-based gambling drew the highest percentage of revenue during the year, with revenue from retail slots increasing 27.7% year-on-year to $2.41bn, while table games revenue also jumped 40.7% to $1.02bn.

Sports betting revenue edged up 2.2% to $315.8m, though the Pennsylvania Gaming Control Board (PGCB) did not publish a breakdown of online and retail revenue figures for this sector of the market, nor did it disclose handle details.

Valley Forge, along with partner FanDuel, ranked first in the sports wagering sector with $160.1m in revenue, some way ahead of Hollywood Casino at the Meadows’ Barstool Sportsbook on $52.5m and Hollywood Casino at Penn National and DraftKings with $23.8m.

Turning to..

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July 20, 2022

Aspire prepares for a new era

Aspire Global has divested its B2C operations to become a focused B2B business which in turn becomes part of a formidable proposition now NeoGames has acquired the supplier. But that B2C heritage will be vital to ensuring it continues its rapid growth trajectory, says CEO Tsachi Maimon.

Tsachi Maimon was named chief executive of Aspire Global in 2013. At that time the business brought in about €25m (£21.3m) annually. Eight years later, it posted revenue of €213.3m for 2021.

When Maimon joined, he oversaw a B2C business which contributed the bulk of revenue. By the end of 2021, the company had sold off all its consumer-facing operations, which were snapped up by Esports Technologies in a €65.5m deal.

On 17 June, Aspire was then acquired by an even larger entity, with ilottery specialist NeoGames completing a public offer to take charge of the company for €402.3m.

This, Maimon says, is the result of “a series of carefully considered business decisions” that has ultimately taken it..

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July 19, 2022

Key industry players partner for women’s sports research

A group of leading industry groups and businesses have joined forces to carry out long-term research exploring the growth in women’s sports.

Entain, Stats Perform, the International Betting Integrity Association and the All-In Diversity Project will work in collaboration with the German Sports University of Cologne to conduct the research.

The initiative will focus on the links between the popularity of women’s sports, betting on women’s sports and rising numbers of female sports bettors.

The group will work to publish its findings ahead of football’s Fifa Women’s World Cup 2023, which will take place in Australia and New Zealand.

Confirmation of the new research project comes as the 2022 Uefa European Women’s Football Championship is taking place in England.

The tournament is currently at the quarter-final stage, with England, Spain, Germany, Austria, Sweden, Belgium, France and the Netherlands having progressed from the group stage.

The final will take place on 31 July at Londo..

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July 18, 2022

Gambet is a “failed operation”, DC councilmember says

A council meeting in Washington DC has branded Gambet as a “failed operation” after the sports betting monopoly has failed to bring in its projected revenue.

At a meeting on July 13, DC council chairperson Kenyan McDuffie said that Gambet’s issues were present from the time of launch.

“Since its launch in 2020, DC’s sports wagering program has experienced repeated operational challenges,” said McDuffie. “The challenges directly contributed to delays in getting retail locations up and running, as well as the inability to generate a robust customer base for the district’s mobile app, Gambet DC.”

Read the full story on iGB North America.

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July 18, 2022

High school Spire Institute among Ohio betting licence applicants

A number of new organisations have applied for Ohio sports betting licences, including Bet365 and Tipico as online providers, and high school Spire Institute – alongside a number of professional sports teams – for a proprietor licence.

Spire Institute is an Ohio sports-focused high school, with its athletic programs attracting top recruits including basketball star LaMelo Ball. The organisation also offers a general sporting development programs and operates sporting complexes on its grounds, outside of its presence as a high school.

Under Ohio’s sports betting laws, sporting organisations or land-based gaming venues may offer betting in the state, partnering with online operators for an online product.

It has partnered with Out the Gate, a startup sports betting operator that says it uses an in-house trading solution and plans to accept “all action” with lined that “lead the market on US sports”. Out the Gate is led by Christopher Kape and Robbie Manis, formerly of data provider Do..

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