Daily Archives: September 11, 2023

Missouri sports betting fight could be reignited as new petitions filed

Lawmakers in Missouri are set to again consider plans to legalise sports betting after a series of new petitions were filed in the US state.

Several efforts to launch legal wagering in the state have fallen by the wayside in recent years. However new petitions suggest further proposals and bills could be on the way in Missouri.

Missouri’s secretary of state, John Ashcroft, is accepting comments on four petitions. All filed by Alixandra Cossette, an attorney at Stinson LLP, they relate to legalising sports betting in Missouri in some form.

Petitions propose legal sports betting in Missouri

The four petitions – 2024-135, 2024-136, 2024-137 and 2024-138 – all map out plans for online and land-based gambling.

Each of the petitions refers to the same set of proposed rules for sports betting.

Operators may only hold one licence, with retail permits costing up to $250,000 and online $500,000. Licensees will pay tax at a rate of 10% of gross gambling revenue from sports betting.

If the..

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Iowa betting revenue down year-on-year in August despite handle jump

Sports wagering revenue in Iowa fell 6.2% year-on-year to $13.5m (£10.8m/€12.6m) during August despite an increase in player spending.

Revenue in Iowa for August was down from $14.4m in August 2022 but 27.4% ahead of $10.6m in July this year.

Breaking this down, the state attributes $11.6m of monthly revenue to online wagering. The remaining $1.9m came from retail betting in August.

In terms of spending, Iowa consumers wagered a total of $141.2m on sports during August. This was 15.2% more than $12.6m in August last year and 28.7% higher than $109.7m in July 2023.

Online betting wagers amounted to $131.9m, while retail spend reached $9.4m.

Diamond Jo Dubuque continues to lead the way in Iowa

As for individual operators, Diamond Jo in Dubuque and its FanDuel sportsbook remain the market leaders in Iowa. Revenue from the partnership in August hit $3.6m and handle $27.6m.

Wild Rose in Jefferson and DraftKings were second with $1.8m in revenue and a $20.1m handle. Diamond Jo in Wort..

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IBIA pens betting integrity deal with Buenos Aires regulator

The International Betting Integrity Association (IBIA) has entered into a partnership with the Lotería de la Ciudad, the public entity that regulates sports betting in the Argentine capital of Buenos Aires.

Under the memorandum of understanding, IBIA will support Lotería de la Ciudad with sports betting integrity in its regulated market.

The two parties will exchange technical knowledge and information related to the integrity of sports and betting. This will be used to improve fraud control and prevention in the city’s market.

Buenos Aires opened its legal internet sports betting market in December 2021. The city also launched legal online gambling at the same time.

“IBIA is delighted to have reached an agreement with the Lotería de la Ciudad to work collaboratively to protect sports, consumers and the regulated betting market from match-fixing,” IBIA CEO Khalid Ali said.

“The association and its members will analyse the betting on their global markets. We will also work closely ..

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NY online sports betting revenue slips to 13-month low in August

Online sports betting revenue in New York reached $98.5m (£78.6m/€91.7m) in August, the lowest monthly total since July 2022, although handle improved month-on-month and year-on-year.

Gross gaming revenue (GGR) edged down 1.1% from $99.6m in August 2022, The monthly total was also 6.3% lower than $105.1m in New York in July this year.

In terms of handle, this made for better reading. New York consumers wagered a total of $1.11bn online during August, a 27.6% increase from $872.2m in the same month last year.

The figure was also 15.7% higher than $962.1m in July of this year.

FanDuel pulls clear of DraftKings in New York

Looking at individual operators, Flutter Entertainment-owned FanDuel moved further clear of DraftKings in GGR terms. This came after DraftKings last month significantly narrowed the gap on its long-time rival.

FanDuel posted $41.1m in revenue for August off a handle of $384.6m. GGR at DraftKings hit $35.5m but the operator reported a higher handle than FanDuel at ..

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