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Daily Archives: August 23, 2022

August 23, 2022

Kambi pens multi-channel sportsbook deal with Oaklawn Racing Casino Resort

Kambi Group has entered into a multi-channel sportsbook agreement with Oaklawn Racing Casino Resort in the US state of Arkansas.

Under the deal, Kambi will provide its on-property and online sportsbook solutions direct to the thoroughbred racetrack and casino.

Kambi will support Oaklawn with the launch of its online sportsbook operations under the brand “Oaklawn Sports”, subject to Arkansas passing the relevant laws. Online gambling of any kind is not yet legal in the state.

In addition, Kambi will continue to provide its retail sports betting solution to Oaklawn. The venue has been offering sports wagering through Kambi’s retail sportsbook since last year, with the new, multi-channel deal replacing the existing agreement.

“Oaklawn has been one of the most trusted brands in Arkansas for more than 100 years and we are excited to now offer our loyal customers yet another great amenity with our much-anticipated mobile wagering platform,” Oaklawn general manager Wayne Smith said.

Kamb..

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August 23, 2022

New Hampshire sports betting handle falls to 11-month low in July

Consumers in New Hampshire wagered $42.7m (£36.3m/€43.0m) on sports in July, the lowest monthly figure since August of last year.

July’s handle was 16.4% higher than $36.7m in July 2021 but 20.3% behind the $53.6m bet by players in June this year, according to figures published by the New Hampshire Lottery.

Of this total, $33.1m was wagered online with DraftKings, while the remaining $9.5m was spent at retail sportsbooks across the US state. DraftKings secured exclusive rights to offer sports betting online via the New Hampshire Lottery in November 2019.

In terms of revenue, gross gaming revenue from sports betting in July amounted to $4.5m, which was 45.2% ahead of $3.1m in the same month last year and only 6.3% lower than $4.8m in June 2021, despite the difference in handle.

Some $3.7m of gross gaming revenue was generated online, while $768,211 came from retail sports betting facilities.

The New Hampshire Lottery also reported that the state was able to generate $2.1m in tax fr..

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August 23, 2022

SuperBook to launch retail sportsbook at Orioles stadium

Sports betting operator SuperBook Sports has announced a new partnership with MLB team the Baltimore Orioles that will involve the building of a retail sportsbook sports lounge at the club’s Oriole Park at Camden Yards ballpark.

SuperBook does not currently have a Maryland sports wagering licence and the deal will be the operator’s first foray into the state’s regulated sports betting market. As such, the partnership will be subject to the relevant approvals from the Maryland Lottery & Gaming Control Commission (MLGCC).

Active in Nevada since 1986, SuperBook’s online brand has expanded as sports betting has grown to other states. In June, the operator expanded into Tennessee through a platform partnership with International Game Technology (IGT).

TJ Brightman, Orioles chief revenue officer lauded the deal in a statement: “The Orioles are thrilled to partner with SuperBook to enhance our gameday experience with the introduction of their first-ever on-premise sports lounge,” he said.
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August 23, 2022

Rush Street Interactive: the exception that proves the rule

At a time when US sports betting operators are shifting focus to profitability rather than expansion, Rush Street Interactive believes it is a step ahead of the competition. Chief executive Richard Schwartz explains how a disciplined approach, online casino and its pan-American ambitions, will achieve this.

The early stages of the US betting and igaming market have been typified by a race to build as big a customer database as possible, at whatever cost. Each state that launches experiences advertising shock and awe, as operators bankroll vast campaigns to use each rollout as a land-grab for new sign-ups.

Rush Street Interactive (RSI), the business that listed on the New York Stock Exchange in December 2020, has looked to take a different approach. At a time when there is greater scrutiny of company spending, and investors query how long hefty losses can be sustained, it has managed to keep its spending in check.

While the push for profitability is still relatively new to the wide..

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