October 31, 2022

October 31, 2022

DC sports betting handle continues to climb in September

Sports wagering handle in Washington DC increased for the second consecutive month in September but fell 26.2% year-on-year.

Handle for the month amounted to $19.4m (£16.8m/€19.5m), which was 48.1% higher than $13.1m in August of this year, but down 26.2% from $26.3m in September 2021.

Gross gaming revenue was $3.6m, double the $1.8m generated in August and also 125.0% higher than $1.6m in September last year.

Looking at individual operator performances, Caesars retained its grip on top spot in DC with $1.4m in revenue from $7.3m in total bets during September.

Gambet, operated by the DC Lottery and powered by Intralot, placed second with $1.1m in revenue from $6.0m in player spending. BetMGM, which is partnered with MLB team the Washington Nationals in DC, was next with revenue of $678,061 from a $4.0m handle.

Flutter Entertainment’s FanDuel, which runs a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, generated $250,932 in revenue from $1.6m..

October 31, 2022

Rhode Island falls just short of revenue record in September

Sports betting revenue in Rhode Island reached $6.4m (£5.6m/€6.5m) in September, the second-highest monthly total on record.

Revenue was 60.0% higher than the $4.0m recorded in September 2021 and also 113.3% up from $3.0m in August this year.

The total was also just short of the monthly record of $6.7m posted in November 2021.

Mobile betting accounted for $3.6m of all revenue during the month, with Twin River’s retail sportsbook contributing $1.6m and the Tiverton Casino posting $1.1m from its land-based sports betting facility.

In terms of player spending, handle for the month was $41.7m, up 1.2% from $41.2m in the same month last year and 50.5% ahead of $27.7m in August this year. This was helped by the start of the new NFL season, which kicked off at the start of September.

Consumers wagered $26.8m online in September, while $14.8m was spent at the two retail sportsbooks. Twin River’s facility drew $9.9m in bets and Tiverton Casino’s $4.9m.

For the state’s financial year to da..

October 31, 2022

SuperBook launches online sports betting in Iowa

Las Vegas-based sports wagering business SuperBook Sports, owned by Westgate, has launched online sports betting in the state of Iowa.

Players in the state can download the official SuperBook app or place bets on a range of sports and events via the operator’s website.

The launch means SuperBook’s reach now extends to six states, with the operator also live in Arizona, Colorado, Nevada, New Jersey and Tennessee, with further roll-outs planned in other states.

In August, SuperBook also announced it was to open a new retail sportsbook at Oriole Park at Camden Yards ballpark, the home of Maryland-based MLB franchise the Baltimore Orioles.

“From the Cyclones and Hawkeyes to the Field of Dreams, Iowa has one of the best sports traditions in the country,” SuperBook chief executive Mark Lipparelli said. “Many sports fans from Iowa have undoubtedly visited our iconic Las Vegas sportsbook and now they can access those same great betting options from home.”

SuperBook’s vice-president of rac..

October 31, 2022

Nigeria introduces new permit for offshore-licensed operators

Nigeria is set to introduce a new remote operator permit for offshore-licensed operators, allowing businesses to offer online gambling in Nigeria without a local presence.

Businesses will be eligible for a remote operator permit if they already hold a licence in another jurisdiction and wish to offer their services to Nigerian players.

It will allow operators to offer casino games, bingo, slots, sports betting and poker.

The permit will be valid for five years. Operators will pay an initial $100,000 to receive the permit, followed by fees of $50,000 in each of the next four years.

The Nigerian National Lottery Regulatory Commission will issue terms and conditions which permit-holders must adhere to.

Holders of the new permit will be allowed to offer their services in Nigeria and to advertise within the country in print media or via affiliate programmes.

Key to the new regime will be an updated tax collection system, powered by UK-based fintech company E-Technologies Global Limite..

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Daily Archives: October 31, 2022