November 13, 2023

November 13, 2023

ESPN BET launch: everything you need to know

Like any Disney fairytale, we’re ready for the hero to dash in and save the day. So, what kind of fairytale do we have concocted for tomorrow’s (14 November) ESPN BET launch?

First up, let’s do some background.

ESPN BET launch: has Penn Met its sports betting match?

We all know Penn Entertainment was billed as one of the pandemic success stories. At the time, few investors thought it had a big part to play in our Disney fairytale with its acquisition of Barstool Sports.

However, unlike our Disney tale of true love, Barstool and Penn was just never meant to be.

At the start of 2023, Penn sold Barstool back to Dave Portnoy for a single paltry dollar. This was mere months after completing the $500 million purchase. A poisoned apple, some might say.

Instead, enter the prince of our tale – Disney-owned ESPN.

This where our tale of true love begins and the story of ESPN BET.

A match made in heaven for ESPN and Penn

Following ESPN’s $1.5bn licensing partnership with Penn Entertainme..

November 13, 2023

Kansas sets new sports betting handle and revenue records in October

Kansas broke its sports betting handle record for the second straight month in October, with players wagering $249.7m (£203.9m/€233.8m), while revenue also reached a new high.

The monthly handle beat the previous record of $219.3m in September by 13.9%. It was also 31.5% ahead of $189.9m in Kansas in October 2022.

Of all wagers placed in Kansas during the month, $240.9m were with online operators and $8.8m at retail sportsbooks.

As for revenue, this amounted to $14.4m across online and retail, representing a new record for Kansas.

In total, some $13.1m of revenue came from online betting and $1.2m retail.

Boot Hill Casino and DraftKings lead online in Kansas

Boot Hill Casino and DraftKings remain the clear online leaders in the Kansas market. The partnership generated $6.3m in online revenue from $114.3m in bets.

Kansas Star Casino and FanDuel followed with revenue of $4.8m off $67.4m. Kansas Crossing Casino and BetMGM complete the top three with $1.6m in revenue and a $20.8m h..

November 13, 2023

Kenya Gambling Control Bill 2023 proposes new regulator and sweeping reform

Kenya has introduce a Gambling Control Bill in an effort to establish a new Gambling Regulatory Authority.

The Gambling Control Bill 2023, currently before parliament, establishes a new Gambling Regulatory Authority. Once approved, it will replace the current Betting, Control and Licensing Board (BCLB).

KENyA GAMBLING CONTROL BILL 2023 TO INTRODUCE NEW AUTHORITY

Incorporating the board’s present mandate, the new Authority will also be responsible for both licensing and regulation.

“The bill seeks to regulate betting, casinos and other forms of gambling, including the authorisation of prize competitions, public lotteries and media promotions,” the bill states.

The state-backed Gambling Control Bill is sponsored by National Assembly Majority leader Kimani Ichung’wah.

Cracking down on unlicensed and underage gambling

The newly-introduced Gambling Control Bill is designed to greatly enhance the board’s original mandate.

This follows previous statements in 2022 that the majorit..

November 13, 2023

ITIA bans seven Belgian tennis players for match-fixing

The International Tennis Integrity Agency (ITIA) has issued bans to seven Belgian players after a court ruled they were involved with a match-fixing syndicate in the country.

All seven players were found in breach of the ITIA Tennis Anti-Corruption Programme (TACP). As a result of their involvement in tennis match-fixing, they will serve bans of various lengths.

The players in question are Arnaud Graisse, Arthur de Greef, Julien Dubail, Romain Barbosa, Maxime Authom, Omar Salman and Alec Witmeur. All were convicted by a criminal court in Belgium and agreed sanctions with the ITIA.

The case relates to a Belgian match-fixing syndicate led by Grigor Sargsyan. The recent criminal case led to the conviction of Sargsyan, who was handed a five-year custodial sentence.

Described by the Washington Post as “the man who built the biggest match-fixing ring in tennis”, Sargsyan had traversed the globe since 2018 to build a network of more than 180 professional players across five continents.
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November 13, 2023

New York sets US-first with $2bn online sports betting handle in October

New York in October became the first US state to process over $2.00bn (£1.64bn/€1.87bn) in online sports bets during a single month, while revenue also hit a new high in the market.

Players in New York wagered a total of $2.01bn online and via mobile in October. This is the highest ever for a state in the US offering legal sports betting to consumers.

The October total was 30.5% ahead of $1.54bn reported in the same month of last year. This figure was also 14.2% up from $1.76bn in September this year.

Monthly revenue in New York also reached a new high of $166.3m. This was marginally up from the previous record of $165.5m set in September and 14.1% higher than $145.7m last year. Mobile betting has been available in New York since January 2022.

FanDuel remains the market leader in New York

Turning to individual operators, Flutter Entertainment-owned FanDuel continues to lead the New York market. In October, Flutter posted $83.1m in revenue from $891.9m in internet-based wagers.

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Daily Archives: November 13, 2023