Mississippi experienced a year-on-year increase in sports betting revenue in April despite reporting a decline in handle.
Player spending for the month amounted to $31.8m, which was 10.4% lower than $35.5m in April 2022 and also 31.9% down from $46.7m in March of this year.
However, revenue reached $4.3m, which was up marginally from $4.2m in the same month last year but 14.0% lower than $5.0m in March.
Read the full story on iGB North America
Gambling revenue in Pennsylvania climbed 3.3% year-on-year in April but fell short of the monthly record set in March.
Total market revenue for the month amounted to $476.7m, up from $461.6m in April 2022 but 7.5% lower than the record $515.3m in March of this year.
Land-based slots, the primary source of revenue for the state, declined 2.2% year-on-year to $213.0m. Retail table games also slipped 7.8% to $84.4m.
In contrast, online casino gaming revenue jumped 21.3% to $137.2m. Internet slots revenue was up 24.7% to $95.6m and igaming tables revenue climbed 16.1% to $38.9m, although ipoker revenue slipped 7.0% to $2.7m.
Hollywood Casino at Penn National retained top spot with $58.5m in total igaming revenue. Valley Forge Casino Resort was second with $31.2m, then Rivers Casino Philadelphia on $26.1m.
Read the full story on iGB North America
The English Football Association (FA) has issued an eight-month ban to Brentford striker Ivan Toney after ruling he breached its betting rules.
The ban is effective immediately and will run through until 16 January 2024, with Toney not permitted to return to training with his club until the final four months of the ban, beginning 17 September.
Toney, who has been capped by England once, was charged with 262 breaches of FA Rule E8 between 25 February 2017 and 23 January 2021. The FA subsequently withdrew 30 of these breaches and Toney admitted to the remaining 232.
FA Rule E8 states any player, match official or coach must not bet, either directly or indirectly, on any matters related to football anywhere in the world.
News of the alleged breaches first broke in November when Toney posted a message on his social media account saying he was assisting the FA with an investigation.
Shortly afterwards the FA confirmed it had identified an initial 232 breaches before more breaches wer..
Caesars Sportsbook has partnered with Keeneland and Red Mile racetracks ahead of the launch of sports betting in Kentucky.
As part of the agreements, the sports betting platform will gain market access for mobile sports betting in the state. The agreements will also kick off plans to open brick-and-mortar retail sports betting locations in Central Kentucky, which will be subject to approvals from the Kentucky Horse Racing Commission.
Kentucky’s governor, Andy Beshear, signed sports betting into law last month.
Read the full story on iGB North America
Commercial and tribal operators in Michigan generated $195.7m ($156.9m/€180.7m) from online and sports betting receipts in April, down by 9.5% compared to March.
Online gaming contributed $159.4m to this, compared to the $171.8m record achieved in March. Gross sports betting receipts fell by 18.6% to $36.3m.
Adjusted gross receipts, which account for promotional spending, combined to total at $167.9m. This was made up of $143.4m from online gaming and $24.5m from sports betting.
Read the full story on iGB North America
Gambling revenue in New Jersey increased 9.5% year-on-year in April despite a drop in slot machine win, the state’s primary source of gaming revenue.
Total revenue for the month reached $462.7m, up from $422.5m in April 2022 but 5.1% behind the $487.4m generated in March of this year.
All areas of the market experienced year-on-year growth, with the exception of land-based slots where revenue fell 3.2% to $169.7m. Retail table games revenue edged up 2.9% to $61.8m, but the slots decline meant total land-based revenue fell 1.6% to $231.5m.
Read the full story on iGB North America
A bill that would require Maryland’s Lottery and Gaming Control Commission to instal independent evaluators to assess sports betting content has been signed by the state’s governor.
Governor Wes Moore approved bill SB621, which will become effective on 1 July 2023. Maryland’s sports betting market opened on 23 November 2022.
The content assessed by the evaluators will be that produced by sports betting experts, influencers and content partners.
Read the full story on iGB North America
Britain’s Horserace Betting Levy Board (HBLB) has forecast £99.0m (€113.7m/$123.1m) in levy income for the 12 months to 31 March 2023, following provisional submissions from most levy-paying bookmakers.
The figure would surpass initial expectations of between £90.0m and £95.0m, which was based on events in the early to middle part of the year. It would also be 2.1% higher than £97.0m in the previous year.
HBLB said the increased forecast comes amid a continuing decline in turnover, which was being partially mitigated by margins. Actual margins were markedly above average in both February and March, during which turnover fell year-on-year.
“The board will be making decisions on prize money for the September to December period at its meeting next month and this likely outturn provides additional clarity in coming to those decisions,” HBLB chairman Paul Darling said.
“Although overall yield looks to be similar to or slightly up on last year, total turnover and race-by-race turnover ar..
Consumers in Arizona spent $609.3m betting on sports during February, a year-on-year rise of 23.9% and also a 3.0% month-on-month increase.
The total amount wagered in February was comfortably higher than the $491.7m spent in the same month in 2022, and also up from $591.2m in January this year, despite it being a shorter month.
Players wagered $604.9m via mobile during the month, compared to just $3.6m at retail sportsbooks in the state.
Read the full story on iGB North America
Online sports wagering handle in Massachusetts amounted to $566.2m in April, the first full month of the state’s newly regulated market.
Massachusetts launched legal online sports betting on 10 March, with six licensed operators currently active in the state: Barstool Sportsbook, BetMGM, Caesars Sportsbook, DraftKings, FanDuel and WynnBet.
The $566.2m wagered by consumers in April continued a strong start to legal online betting in Massachusetts, following the $548.1m spent in the opening three weeks of regulation.
Read the full story on iGB North America
Texas’ lieutenant governor Dan Patrick has said that House Bill 1942, which details how Texas’ sports betting market would be regulated, has “little to no support” and will not progress through the senate.
Texas’ house of representatives voted in favour of HJR 102 last week. HJR 102 is a constitutional amendment which would give state citizens the chance to vote online sports betting into law.
HB1942 accompanied the amendment, and also passed through the house by a 82-51 vote.
Read the full story on iGB North America
Sports wagering handle in Indiana fell year-on-year in April, while the state also experienced a month-on-month decline in player spending.
Consumers bet $321.4m on sports during the month, down 10.7% from $360.0m in April last year and also 25.8% behind the $433.0m wagered in March of this year.
Basketball was again the most popular sport to bet on, drawing $91.6m in wagers, ahead of baseball on $61.2m and football with $3.4m. Some $91.6m was wagered in parlay bets and $74.0m was spent betting on other sports.
Read the full story on iGB North America
