February 26, 2024 - Bookielink

February 26, 2024

Affordability checks: Everything you need to know

With parliament to debate the introduction of affordability checks today (26 February), here’s everything you need to know about the proposals so far.

The long-awaited release of the Gambling Act white paper in April was the most transformative review of UK gambling in 18 years. It marked a key landmark in how the market will be regulated in the future – with affordability checks a key part of that discussion.

The government has already introduced some measures, such as the establishment of stake limits for online slots. However, other resolutions are also being worked upon as the UK government and the Gambling Commission (GC) looks to ease concerns over gambling harms in the country.

The strongest industry response to these proposals has been towards the potential implementation of affordability checks. They have met fierce opposition from operators and trade bodies.

With parliament set to debate financial checks this week, let’s take a look at how we got here.

White paper’s rele..

February 26, 2024

Ohio bans player prop bets on NCAA games

The Ohio Casino Control Commission (OCCC) has banned player prop bets on college sports after granting a request from the National Collegiate Athletic Association (NCAA).

The OCCC’s decision came after NCAA president Charlie Baker sent a letter to the commission’s executive director Matt Schuler, requesting a ban to be implemented on player-specific prop wagers for its games. The letter was also endorsed by Ohio’s governor, Mike DeWine.

Bettors will no longer be able to wager on markets such as a quarterback’s passing yards or a basketball player’s points for NCAA games. Operators have until 1 March to introduce the restrictions.

In the OCCC’s announcement, the commission stated it would become the 25th state to either prohibit or limit player-specific prop bets on NCAA contests. The ban’s aim is to protect NCAA athletes against potential harassment from bettors, as well as curb match fixing.

Ohio only launched legal sports betting in January 2023. In July, the state passed a law t..

February 26, 2024

Yield Sec: Two-thirds of Super Bowl bets in US were illegal

New research collated by Yield Sec has revealed that close to two thirds of bets cast on Super Bowl LVIII in the US were illegal.

The research was commissioned by the Campaign for Fairer Gambling (CFG). It analysed how players chose to bet during the 2024 Super Bowl, looking specifically at the performance of the black market. Further research on the gambling share between regulated and unregulated markets is expected in the next few days.

Yield Sec reported that, in total, 350 million bets were placed on this year’s Super Bowl, at a value of $5.4bn (£4.26bn/€4.98bn). The total bets were up by 22.8%, while the betting value shot up 20.0% year-on-year.

In total, 228 million wagers were illegal and 122 million were legal. Illegal bets generated $4.0bn while legal bets made up the remaining $1.4bn. In comparison, the 2023 Super Bowl brought in 286 million bets, split between 186 million illegal bets and 100 million legal bets. Of the $4.5m generated last year, $1.1bn came from legal be..

February 26, 2024

Sturgis’ review of Gambling Commission’s survey stoking the fire

The Gambling Commission (GC) recently lauded its Gambling Survey for Great Britain (GSGB), after it was endorsed by Professor Patrick Sturgis in an independent review. However, that backing is far from comprehensive, even from Sturgis himself.

Sturgis, a professor at the London School of Economics, did label the study “exemplary in all respects”. However, as has been the case in the past with the GC, its tendency to produce unreliable statistics was a noticeable theme for Sturgis, who cast doubt over the accuracy of the GSGB, which is due to be published this summer.

Sturgis said: “Until there is a better understanding of the errors affecting the new survey’s estimates of the prevalence of gambling and gambling harm, policymakers must treat them with due caution, being mindful to the fact there is a non-negligible risk that they substantially overstate the true level of gambling and gambling harm in the population.”

Hardly the glowing endorsement the GC has made out, Sturgis’ concer..

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