Gambling revenue in New Jersey reached a joint-record $5.21bn in 2022, despite a decline in sports betting revenue.
Revenue was 10.0% higher than $4.74bn during the 2021 calendar year and on par with the record amount posted in 2006.
Land-based casino revenue accounted for $2.79bn of the total, up 9.0% on 2021 with slots revenue rising 9.0% to $2.04bn and table games revenue increasing 9.1% to $741.7m.
Read the full story on iGB North America
The special guests keep coming on the World Series of Politics, with GeoComply’s Linsday Slader joining Brendan Bussmann and Brandt Iden to discuss Ohio’s sports betting launch. Also under discussion are Brazil, Macau and the US legislative session.
The geolocation specialist’s managing director of gaming says Ohio’s sports betting launch was one of the biggest market openings in the US to date.
Over the New Year weekend alone, GeoComply recorded more than 11.3 million geolocation transactions, and Slader says around 1.2 million accounts were set up in the first week of activity.
This episode also marks the World Series of Politics’ debut on Spotify! You can also listen on Apple Podcasts, and directly from this page.
Ohio betting flies out the blocks
There’s also a wider range of betting options than ever before, with 1,000 kiosks rolled out across Ohio, and it’s going to be interesting to see how this works in tandem with a widespread mobile offering. If it keeps up its early ..
Sports betting operator PointsBet has extended its reach in Illinois with the launch of a new retail sportsbook in the Villa Park area of Chicago.
Located inside the Crazy Pour Sports Bar at Club Hawthorne, the facility is PointsBet’s fourth retail location in the state and will be operated through its partnership with Hawthorne Race Course.
Customers can place cash wagers directly with cashiers at three betting windows or at eight self-service kiosks, while visitors will also have access to Crazy Pour’s full-service beverage and dining options.
Read the full story on iGB North America
The Delaware Lottery reported year-on-year increases in both sports betting and igaming revenue in December.
Online gambling revenue during the month amounted to $1.2m, up 56.4% from $751,291 in December of 2021 and also 19.0% up from $987,423 in November 2022.
Some $890,894 of revenue in December was attributed to video lottery games, $243,899 to table games and the remaining $80,007 to poker rake and fees.
Read the full story on iGB North America
A bill that would amend the North Dakota constitution to potentially introduce online sports betting has been passed by the state's House and will now be considered by its Senate.
Entitled House Concurrent Resolution No. 3002, the bill outlines an amendment to section 25 of article 11 of North Dakota’s Constitution.
The amendment would allow sports betting to be permitted by, and regulated by, the state of North Dakota.
Read the full story on iGB North America
Influencer Jake Paul’s microbetting start-up Betr will now begin accepting real-money deposits and withdrawals in Ohio, after a “soft launch” on 1 January.
In August 2022, Paul – alongside SimpleBet founder and CEO Joey Levy – launched Betr, a microbetting offering, designed at allowing players to place bets on fast-resolving markets. Paul is president of Betr, while Levy acts as CEO.
This was followed by the September launch of Betr’s mobile app, which nationwide launched on a free-to-play basis ahead of a real money offering.
The application has a reworked interface that simplifies betting UI by presenting the bet as a multiple choice question, as well as displaying odds as payout multiples.
betr allows users to place same game parlays on sports games
Betr entered Ohio through a 10-year market access agreement with Hall of Fame Resort & Entertainment Company.
State-by-state expansion
Levy said he was “thrilled” to be launching Betr’s real-money betting business in Ohio. “Thi..
Henrik Tjärnström, CEO of Kindred, has said that “no item is sacred” in terms of cutting costs on an earnings call addressing Kindred’s Q4 trading update released earlier today (13 January).
Although Kindred’s Q4 revenue is projected to rise 24.5% year-on-year to £305.0m (€343.1m/$372.2m), Kindred said this was not up to expectations and vowed to take “immediate action”.
Addressing this, Tjärnström said that Kindred would review all areas of cost in order to improve spending for 2023, adding that no cost-cutting is off the table.
“We are looking to review all cost items for efficiency purposes and refreshing our channels for spending in 2023,” he said. “We cannot comment on the overall number at this point.
“But we’re clearly looking across the P&L [profit and loss], and no item is sacred in that sense.”
He said this was due to how vastly the Q4 revenue is set to depart from Kindred’s, and the market’s, expectations.
“We take this very seriously, and the deviation that we see fro..
The Massachusetts Gaming Commission (MGC) has voted to approve sports apparel giant Fanatics for a temporary sports betting operator licence, while the regulator also appointed Bruce Band to lead its new sports betting division.
Commissioners voted unanimously to approve Fanatics for a Category 3 sports betting operator licence, which will be tethered to Plainridge Park Casino’s Category 1 sports wagering licence.
However, Fanatics will need to undergo a full suitability review by the MGC’s Investigations and Enforcement Bureau. After this, Fanatics will also need to obtain an operations certificate and meet additional conditions to begin accepting sports wagers.
Read the full story on iGB North America
Consumer spending on sports betting in Indiana fell month-on-month and year-on-year in December, although the state reported an increase in revenue.
Wagering handle for the month was $431.4m, down 6.8% from $463.0m in December 2021 and also 4.6% lower than $452.3m in November 2022.
Football was again the most popular sport to bet on, attracting $136.2m in total wagers, just ahead of basketball on $130.0m. Consumers also spent over $46.0m betting on other sports and $119.0m on parlay bets.
Read the full story on iGB North America
The state of New York has proposed a bill to amend the racing, pari-mutuel wagering and breeding law, to require all advertisements for gambling and sports betting to include warnings on the potential harm of gambling.
The bill, introduced into the State Senate by Democratic senators Leroy Comrie and Luis R Sepúlveda, has not yet been voted on.
Specifically, the amendment “requires all advertisements for gambling and sports betting to include warnings about the potential harmful and addictive effects of gambling; requires the state gaming commission to cooperate with the commissioner of addiction services and supports to ensure that all advertisements for gaming activity state a problem gambling hotline number”.
The amendment also proposes to include mobile sports wagering licences into the advertisement requirement.
If the motion passes, it will take effect sixteen days after it becomes a law.
Ohio marketing violations
As part of its regulations when it legalised sports bett..
Sports betting marketplace WagerWire has partnered with B2B “bet on anything” platform Sparket, to create a secondary market for bets created through Sparket.
Players will be able to buy and sell Sparket bets both on the websites of operators that partner with Sparket and on the WagerWire mobile app when it launches early this year.
Markets available on Sparket include the next state to legalise sports betting and who will be thanked first in the host intro of Saturday Night Live.
Sparket CEO Aaron Basch noted that the deal would allow for in-play betting for events traded on Sparket for the first time.
“Combining forces with WagerWire creates powerful possibilities for our users,” he said. “The ability to flip in and out of bets gives our users more power and freedom over their wagers. For the first time in history, pari-mutuel markets will now become tradable after the event begins and the windows are closed.
“This enhanced user experience takes Sparket to the next level and is..
Betting education platform Gaming Society and the International Gaming Institute (IGI), a nonprofit academic centre at the University of Nevada, Las Vegas (UNLV) have partnered to conduct research into female sports and betting as well as collaborate on educational development.
The aim of the research is to better understand female sports bettors, women’s sports fans’ attitudes on betting and industry investment in sponsorship of women’s sports.
IGI and Gaming Society will focus on collecting and analysing wide ranges of data in the sports betting, technology and media sector.
“Market research and data on fan behaviour is critical in driving future innovation within the sports betting industry,” Gaming Society co-founder Jaymee Messler said. “Over the past year, Gaming Society has partnered with leading leagues and brands to make sports betting more inclusive and deepen fan engagement, with particular focus on women bettors and women’s sport.”
Additional collaboration between th..
