Daily Archives: August 15, 2022

NeoGames’ BtoBet enters Ethiopia with UtopBet

BtoBet, the sports betting supplier subsidiary of online lottery platform provider NeoGames, has expanded into Ethiopia after entering into a partnership with UtopBet.

Under the deal, BtoBet will provide its proprietary sportsbook platform and other sports betting services, including risk management, to UtopBet in the East African country.

The Ethiopian online and retail sports betting operator will offer betting on both local and international sports events, while it will also add esports betting to its offering for the first time.

BtoBet’s deal with the UtopBet brand means the supplier has a presence in 28 different jurisdictions around the world.

“We are pleased to further strengthen our presence in Africa, by going live in the highly competitive Ethiopian market,” NeoGames’ chief executive Moti Malul said. “UtopBet is one of the more well-known brands in the local market and I am pleased that the choice to power their retail and online channels fell on our flexible solutions an..

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Indiana sports betting handle decline continues in July

Indiana’s sports betting handle fell for the fourth consecutive month during July, with the $206.6m (£170.9m/€202.5m) wagered by players the lowest monthly total of the calendar year.

July’s total was 19.4% lower than the $256.3m spent by consumers in June, but 6.2% higher than the $194.5m bet during July of last year.

Of this total, $76.1m was spent on baseball betting, with $16.1m on basketball and $2.9m on football. A further $53.5m worth of parlay bets were place in the month, while $56.8m was bet on other sports.

In terms of taxable adjusted gross revenue from sports betting, this amounted to $20.9m, which was 32.3% higher than $15.8m in June this year and also 19.4% up from $17.5m in July 2021

Blue Chip Casino and partner FanDuel retained top spot with $7.4m in revenue off $61.7m in bets ahead of the Ameristar Casino and partner DraftKings with $5.0m in revenue and a $61.3m handle.

Belterra Casino and its FanDuel-operated sportsbook placed third with $3.1m in revenue off a h..

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