Daily Archives: March 3, 2023

Colorado sports betting revenue edges up in January despite handle dip

Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.

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Rhode Island sets new sports betting handle record in January

Players in Rhode Island wagered a record $62.3m on sports in January, although revenue in the US state remained level year-on-year.

Consumer spending was 6.3% ahead of $58.6m in January of last year and 5.2% more than in December 2022, while the total surpassed the existing monthly record of $61.2m set in November 2022 by 1.8%.

Online betting accounted for $37.5m of all wagers placed during January, while retail spend was $24.8m, split $17.2m at Twin River and $7.7m the Tiverton Casino.

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TAB NZ hits profit target for the first time in FY22/23

TAB NZ recorded above budget profits for the first time in months thanks to strong returns from sports betting and domestic racing.

For the month to 31 January 2023, the gaming operator reported a profit of NZ$14.6m (US$9.1m/€8.6m/£7.6m), which was $0.3m above budget. In the sixth monthly trading update for the 2022-23 financial year, this was the first time the operator has posted a profit above budget.

Turnover of $230.1m was 0.9% above budget, in part thanks to a strong racing and sports calendar.

Following on from December, overall field sizes across all three racing codes in January were again either up on, or on par with, the year-to-date average. The peak meeting turnover of $6.6m was on 21 January for the Karaka Million at Pukekohe.

Test cricket proved an attraction for sports customers, with the second test between Pakistan and New Zealand, as well as the third test between Australia and South Africa, topping the list of sports events by turnover for January. Basketball w..

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Ballers Sportsbook partners Sportradar to launch sports betting in Puerto Rico

Newly established Puerto Rican sports betting operator Ballers Sportsbook has announced plans to go live in the unimported US territory through a new partnership with Sportradar.

Under the multi-year agreement, Sportradar will supply Ballers with its Orako sportsbook solution, with Ballers planning to fully integrate this with R Franco Digital Player Account Management technology to allow for omnichannel betting.

Ballers customers will have access to Sportradar’s betting portfolio, enabling them place a range of bets such as parlays, in-game wagering, teasers, futures and player props across their favourite sports.

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