Daily Archives: March 11, 2024

Entain, Betfred and Flutter join GC Industry Forum led by Nick Rust OBE

Directors of Flutter, Betfred, Entain and The Rank Group have been named among the nine appointed members of the Gambling Commission’s (GC) new Industry Forum, which will be chaired by Nick Rust, OBE.

Rust, who previously spent six years as British Horseracing Authority chief executive, was appointed as Industry Forum chair in November 2023.

Over a two-year term, Rust will oversee a forum that includes Ashley Padgett, director of compliance and anti-money laundering at Flutter’s UK and Ireland (UK&I) division, as well as Entain’s customer operations director for UK&I Leo Walker.

As well as Entain and Flutter, other UK gambling industry leaders will be represented. Betfred’s head of media Mark Pearson has been appointed to the forum, as well as David Williams, director of public affairs at Rank Group.

Merkur UK’s director of public and political relations, Tony Boulton, and Betsmart Consulting founder and director, Kirsty Caldwell, will also be joined on the forum by Charles Cohen,..

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Tennessee online handle continues month-on-month decline

Players spent $378.2m (£294.9m/€346.1m) betting on sports online in February, the third consecutive month of decline in the Volunteer State.

Total handle for February was 15.6% higher than the same month last year. However, it was also 18.8% behind the $465.8m bet in Tennessee in February this year.

The monthly handle figure accounted for $2.2m in adjustments. Without these, gross handle for February in Tennessee reached $380.4m.

Year-on-year, gross handle increased 16.2%. However, on a month-on-month basis, gross handle for online betting for Tennessee was down 18.6%.

Privilege tax for the month amounted to $7.0m. This total was 9.4% ahead of February 2023 but 18.6% behind January’s $8.6m.

The Tennessee Sports Wagering Council (SWC) did not disclose data in terms of revenue. The SWC oversees the licensing and regulation of online sports wagering in Tennessee.

Heavy hitters compete in Tennessee

There was also no breakdown of each licensed operator in the state. Tennessee opene..

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North Carolina prepares to launch online sports betting

North Carolina will today (11 March) open its legal sports betting market at noon EST today, with several major operators set to go live.

The Tar Heel State confirmed its launch date in January. Online sports betting will go live at noon EST in North Carolina, with retail set to follow in due course.

Governor Roy Cooper signed House Bill 347 into law in June 2023, paving the way for legal betting. However, the bill also came with a series of requirements, set out in a timeline for implementation.

governor roy cooper signed house bill 347 into law in june 2023

This included publishing regulations before 8 January 2024 and operators accepting wagers prior to 14 June 2024. The state met these last month, with operators to begin taking bets well ahead of June’s deadline. Operators were also given a deadline of 26 January to submit their internal controls before the market opened.

Who is launching in North Carolina?

Earlier this month, the North Carolina State Lottery Commission award..

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Online New York handle drops to $1.77bn in February despite Super Bowl

Players in New York spent $1.77bn (£1.38bn/€1.62bn) betting on sports online in February, while revenue in the Empire State amounted to $131.4m.

The February total was 20.4% higher than the $1.47bn bet in New York in the same month in 2023. However, it was 9.7% behind January’s $1.96bn and the lowest monthly amount since $1.76bn was spent in September 2023.

As for gross gaming revenue, this increased by 21.3% year-on-year to $131.4m, up from $108.3m in 2023. The February total was 37.9% less than $211.5m in January and also the lowest since $98.5m in August last year.

online revenue dropped 9.7% from $1.96bn in january

Flutter Entertainment-owned FanDuel remains the market leader in New York. For February, it reported $63.4m in revenue from $720.1m, both of which were higher than any other operator.

Following in second was long-time rival DraftKings with $53.4m in revenue from $607.9m in bets.

Caesars was next in third, posting $6.7m in revenue and a $160.7m handle for the month..

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