Daily Archives: April 5, 2023

DC sports betting revenue up in February despite handle decline

Sports wagering revenue in Washington DC increased year-on-year during February despite a fall in player spending.

Gross gaming revenue for the month reached $1.2m, which was 62.0% ahead of $740,552 in the same month last year but 20.0% lower than $1.5m in January 2023.

DC’s sports betting handle in February amounted to $12.6m, down 34.0% from $19.1m in February 2022 and also 21.9% behind $18.5m in January of this year.

Gambet, operated by the DC Lottery and powered by Intralot, remained the frontrunner in the market with $626,273 in revenue from $5.7m in total wagers for the month.

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FanDuel partners Spotify for content production

Flutter Entertainment-owned FanDuel Group has agreed a multi-year content production partnership with global streaming audio platform Spotify.

Under the new agreement, which builds on an existing partnership between the two parties, FanDuel will work with Spotify’s “The Ringer” website, podcast network and video production house to create content for FanDuel TV.

The Ringer will license select video podcasts to FanDuel TV including existing shows adapted for FanDuel TV and a number of new shows covering sports and competitions such as the National Basketball Association (NBA).

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Entain acquires sports media business 365scores

Entain has completed the acquisition of the entire issued share capital in sports media business 365scores.

Under the agreement, Entain will pay approximately $150.0m (£120.1m/€137.0m) to take ownership of the business, in addition to contingent payments of up to $10.0m.

With a global audience of over 15 million active users, 365scores provides scores and sports information, editorial and social content and a range of sports-focused free-to-play games.

Entain said the combination of 365scores’ expertise in data-driven sports media content alongside its own global scale and platform capabilities will provide customers with a broader offering of interactive content and experiences.

The group added that the acquisition would help to unlock further growth opportunities and supports its global strategic ambitions.

Jason Scott resignation

Confirmation of the deal comes after it was announced earlier this week that Jason Scott had left his role as vice-president of trading, VIP and re..

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