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Daily Archives: February 23, 2024

February 23, 2024

North Carolina’s sports betting market: The latest updates

As North Carolina moves closer to its online sports betting go-live date, iGB looks at what opportunities lie ahead for the market.

Last month, the North Carolina State Lottery Commission approved 11 March as the go-live date for online sports betting in the state. But players can register much sooner for accounts – from 1 March – and also fund them.

This didn’t come out of nowhere. When North Carolina’s governor, Roy Cooper, signed House Bill 347 into law on 14 June last year, he also gave the thumbs-up to a timeline for implementation. The bill mandated that North Carolina must publish sports betting regulations before 8 January 2024, and operators in the state must accept wagers before 14 June 2024.

The North Carolina State Lottery Commission released two important updates on the impending sports betting market this week

Recent speculation abounded after North Carolina’s Commission set a deadline of 26 January for hopeful operators to submit their internal controls.

What are t..

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February 23, 2024

Waterhouse VC: The mathematics of betting

Tom Waterhouse of Waterhouse VC explores the mathematical prowess involved in professional betting and discusses why people choose to bet the way they do.

For most of us, it is hard to fathom the mathematical capability possessed by a small number of people. It is even more impressive when these individuals can combine several rare skills together with business acumen to develop a highly profitable enterprise.

We believe that professional betting is one of the most difficult fields in the world. The three keys to winning at betting are: making correct bet selections; betting at an attractive price; correctly staking – knowing how much to wager on each selection.

Successful professional betting requires a combination of incredibly challenging skills:

Knowing a sport back to front – every player statistic, every last-minute change, every location and playing surface (e.g. clay/grass/hard tennis courts, Emirates Stadium vs Etihad Stadium)Complex modelling of the many 100s of various ..

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February 23, 2024

Fanatics launches online sports betting and casino in Michigan

Fanatics Betting and Gaming (FBG) has announced the launch of its online sportsbook and casino in the state of Michigan.

Players in Michigan can now access both the Fanatics Sportsbook and Fanatics Casino. The online casino offering has been embedded in the sportsbook app.

Fanatics Sportsbook replaces the PointsBet brand in Michigan. Existing PointsBet customers’ username, password, account balance, rewards points and responsible gaming settings will automatically be migrated to the Fanatics platform.

FBG has been phasing out the PointsBet brand across the US following its acquisition of PointsBet US in August 2023.

Fanatics fended off DraftKings with improved PointsBet US bid

Michigan marks the 13th state in which FBG has launched its Fanatics Sportsbook. It is also live in Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachusetts, Ohio, Pennsylvania, Tennessee, Vermont, Virginia and West Virginia. In addition, retail betting venues operate in both Pennsylvania and West Vi..

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