Daily Archives: April 20, 2023

New Hampshire sets sports betting handle record in March

Consumers in New Hampshire spent a record $103.4m betting on sports in March, beating the previous monthly high set back in January 2022.

The monthly handle was 3.9% ahead of the existing record of $99.5m, as well as 31.2% up from $78.8m in March 2022 and 18.9% ahead of the $87.0m spent in February this year.

Players wagered $93.4m online as well as $10.0m at retail sportsbooks across the state.

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Kindred enters Washington State with Swinomish Tribe

Kindred Group has expanded into the Washington State market by launching the first phase of its partnership with the Swinomish Tribe.

Under the agreement, Kindred will roll out a retail operation at the Swinomish Casino & Lodge, in line with a wider, six-year deal announced in October last year.

The first phase of the sportsbook launch covers Unibet branded kiosks and over-the-counter sports betting, with further developments to include a Unibet sports betting lounge, due to launch later this year.

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Record igaming revenue drives growth in Michigan in March

Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.

Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.

Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.

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FDJ revenue ticks up across the board in Q1

French national lottery operator Française des Jeux (FDJ) reported revenue of €662m (£583.9m/$726.5m) for the first quarter of 2023, ended 31 March.

This was up by 8% compared to FDJ‘s performance in Q1 2021.

On a pro forma basis for 2022 – which included revenue from FDJ’s point of sales segment Aleda and payment service L’Addition – the revenue was up by 5.3% comparably.

Lottery revenue for the quarter was 6.4% higher than in Q1 2022, at €497m, while sports betting revenue grew slightly by 0.2%, remaining fairly level at €129m.

A total of €5.49bn was wagered with the operator during the quarter, a rise of 8.6%. Digital stakes made up €698m of the total.

From points of sale, revenue hit €4.79bn, a rise of 6.9%.

“The first quarter of 2023 was marked by the continued good financial and extra-financial performance of the FDJ group,” said Stéphane Pallez, chair and CEO of FDJ. “Our turnover is up by more than 5%, driven both by our network of 30,000 points of sale and by the good m..

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Betr brings on the Cavinder twins as equity partners 

Beter has agreed an exclusive media partnership for the Cavinder twins to join the business as content creators, creative directors and equity partners.

The Cavinder twins, Hanna and Haley, are former NCAA basketball players who have built a large social media following. In an exclusive deal, they will bring their Twin Talk podcast, which originally launched on iHeartRadio, to Betr Media.

Betr said that this partnership will expand on-camera content and female-focused sports content for the company.

In addition to their own podcast, the Cavinder twins will make regular appearances on BS w/ Jake Paul and other Betr Media content across multiple platforms.

Founder and CEO of Betr, Joey Levy, says he is thrilled to welcome the Cavinder twins to the company. He said: “They have already accomplished so much and are just scratching the surface of their potential.”

The Cavinder twins said the partnership offers growth potential to their brand.

“Betr gives us the ability to accelera..

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