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Daily Archives: July 14, 2023

July 14, 2023

Penn migrates Barstool Sportsbook to proprietary platform

All Penn Entertainment’s brands are powered by proprietary technology after Barstool Sportsbook and Casino was migrated to its in-house platform.

The migration took place simultaneously across 16 states where Barstool operates during Major League Baseball’s (MLB) All-Star Break, the largest-scale technology migration in North American gaming to date.

Penn describes the migration as a major development which completes its long-term strategic goal to be technologically independent, bringing all gaming operations in-house.

Penn’s acquisition of theScore, which was in the process of building the platform when it was bought, and the launch of Penn Games Studios also formed part of this plan. TheScore, now Penn’s brand in Ontario, was the first to move to the new tech stack.

‘Milestone achievement’

The updated version of Barstool Sportsbook and Casino contains several new elements, including streamlined navigation, more personalisation capabilities and faster deposits and withdrawals.

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July 14, 2023

Women’s sports boom raises corruption risk, new report warns

Increased and more widespread monitoring of women’s sport should be considered to help combat match-fixing, according to a new report.

‘Breaking Barriers: Assessing Women’s Sports, Betting, and Integrity Challenges’ looked at the current state of female sports around the world.

Presented this week at iGB L!VE, the study had the support of leading industry organisations, operators and suppliers. These included the International Betting Integrity Association (IBIA), All-In Diversity Project (AIDP), Entain, Flutter and Stats Perform.

The report flagged a “dramatic” rise in women’s sport worldwide, accompanied by a similar increase in betting.

Football led the way in terms of betting activity, with an annual market growth rate of approximately 20% since 2020. This was followed by tennis, basketball and cricket, with growth rates of over 10% during the period from 2017 to 2022.

The study also looked at the characteristics of female bettors. The percentage of female bettors in women’s ..

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July 14, 2023

Colorado betting handle falls again in May

Player spending on sports betting in Colorado declined for the second consecutive month in May, although the state was able to report year-on-year growth.

Wagering handle for the month amounted to $385.2m. This was 6.9% more than $360.3m in May 2022 but 7.8% lower than the $417.8m bet in April this year.

Of this total, $382.1m was spent betting online, while in contrast, just $3.2m was wagered at retail sportsbooks.

Basketball accounted for 32.2% of all wagers placed during the month. Baseball’s share was 23.8%, while parlay and combination bets made up 16.9% of May’s handle.

Read the full story on iGB North America

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July 14, 2023

Indiana sports wagering handle continues to decline in June

Monthly spending on sports betting in Indiana fell again in June, while the state also posted a decline in revenue.

Players wagered a total of $224.1m during the month. This was 12.6% lower than $256.3m in June 2022 and 20.9% down from $283.4m in May this year.

Baseball was the most popular sport among consumers, drawing $65.0m in bets. Players also spent $24.1m in basketball wagers and $1.6m on football bets. A further $82.0m was wagered on parlay bets and $51.0m across other sports.

Taxable adjusted gross revenue for June amounted to $19.5m. This represented a 23.4% rise from $15.8m last year but was 42.3% less than $33.8m in May.

Read the full story on iGB North America

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July 14, 2023

Kambi and Eyas target Brazil with Lance! Betting launch

Kambi Group has partnered with Eyas Gaming and Brazilian-facing football media website Lance! to launch a new online sportsbook in the country.

Under the deal, Kambi will power the launch of the “Lance! Betting” brand with its sports betting technology.

The new sportsbook will draw on the existing Lance! following of more than 15 million active users per month. Eyas Gaming, backed by the Gauselmann Group, will oversee the running of the brand.

The partnership with Eyas Gaming could lead to the launch of sports betting in other markets in future, Kambi added.

Kambi “a natural choice” for Eyas

“It is a pleasure to have put pen to paper on this agreement with Eyas Gaming,” Kambi’s co-founder and chief executive Kristian Nylén said. “They are an operator whose management team boasts clear expertise and a passion for sports betting that mirrors our own.

“This agreement further bolsters Kambi’s impressive range of partners throughout Brazil and Latin America. We are excited to capitali..

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