Betting News Archives

March 8, 2023

US sports betting in 2023: Where do we go from here?

H2 Gambling Capital's in-depth analysis of the current state of the US sports betting market, and its future growth trajectory, is now available as a report.

H2 Gambling Capital: US sports betting exceeding expectations

The fifth anniversary of the Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA), paving the way for legal betting in the US, is fast approaching.

Over this time there has been a wholesale reshaping of the US gaming sector, with mobile betting racing across multiple states, and a pandemic arguably accelerating rather than slowing its spread.

What next for the market?

It’s against this backdrop that H2 Gambling Capital, in partnership with iGB, is looking at what’s next. As the pace of new state launches slows, where is growth coming from?

Report author Ed Birkin, H2 Gambling Capital

For a sector in which a small cohort of brands tend to occupy podium positions in each state, there is there is perhaps more scope for upheav..

March 8, 2023

DraftKings to launch online sports betting in Massachusetts

DraftKings has announced that it will launch its online sportsbook product in the US state of Massachusetts on March 10, subject to licensing and regulatory approvals.

Players in the state will be able to place bets on a wide range of sports events, including those that feature Massachusetts-based teams such as the NFL’s New England Patriots and the Boston Celtics of the NBA.

Bet types available to players will include same-game parlays, player props, special odds and boost selections, while customers will also have access to a number of promotions exclusive to the state.

Read the full story on iGB North America

March 8, 2023

ZingSports to launch sports betting in Puerto Rico with SB22

Puerto Rico-based operator ZingSports has linked up with sports betting software developer SB22 to launch sports wagering in the unimported US territory.

Under the deal, SB22 will provide ZingSports with its sports betting platform that includes a built-in player account management module, AI-driven promotional capability, advanced betting engine and omnichannel capabilities.

Players will be able to bet on a range of sports including basketball, baseball, football and soccer across a variety of market such as in-play wagering and player props.

The new offering will include free-to-play and, pending regulatory and licensing approvals, real-money wagering,

Read the full story on iGB North America

March 8, 2023

ARC confirms departure of chairman Thorpe

British racecourse operator Arena Racing Company (ARC) has announced that David Thorpe is to step down as its chairman from 30 April.

Thorpe has served in the role since April 2014, prior to which he was chairman of both the Racecourse Association and Arena Leisure.

He also served on the boards of the Horserace Betting Levy Board and British Horseracing Authority.

“I have decided that, after nearly a decade as chairman, it is the right time to step down,” Thorpe said. “I look forward to some more time in retirement, as well as the opportunity to pursue other interests.

“It has been a significant source of pride to see the company flourish and grow over the past few years and without doubt we have assembled an incredibly smart, passionate and hard-working team. I am equally delighted to have been part of creating a new industry structure, a major improvement which should serve the sport well in to the future.

“I am sure the company will only continue to get stronger and more succes..

March 7, 2023

BetMGM named as an official sports betting partner of the Boston Red Sox

BetMGM has been named as the official sports betting partner of MLB team the Boston Red Sox.

This announcement precedes the launch of mobile sports betting in Massachusetts. It marks the first sports betting partnership for the Red Sox, as well as BetMGM’s first tie to a Massachusetts sports team.

“The Red Sox are one of baseball’s most beloved organisations and we’re thrilled to bring BetMGM to their passionate fans,” said Matt Prevost, chief revenue officer at BetMGM. “We look forward to working together to elevate the game day experience in Boston.”

As part of the deal, BetMGM promotional material will appear at Fenway Park. Fenway Park’s left field wall, coined “Green Monster”, will display BetMGM signage.

Branded content will also be distributed across both BetMGM and the Boston Red Sox’s social media accounts.

BetMGM will also have a suite at the stadium. The operator plans to execute VIP fan experiences in the suite, including batting practice access, ceremonial first pit..

March 7, 2023

Duelling sports betting bills fail in Georgia

Two separate sports betting bills in Georgia have failed – in the state House and Senate.

This means that Georgia’s sports betting dream is dead until the 2024 Georgia legislative session at the earliest.

The Senate bill’s primary sponsor and Republican majority leader Bill Cowsert’s strategy was focused on amending the constitution of the state of Georgia to allow the legislature to pass laws.

The Senate effort aimed to amend Georgia’s constitution

In turn, this would have allowed for sports betting to be operated in the state.

Georgia currently prohibits the authorisation of gambling operations, with an enumerated exception for lotteries.

This bill – entitled Senate Resolution 140 – did not get the requisite two-thirds majority needed for an amendment of the state constitution, and so failed at 30-26 votes.

If the resolution had passed, sports betting would have appeared on the ballot by referendum in November 2024.

And while the amendments enabling legislation Senate Bill 17..

March 7, 2023

Genius Sports announces two new board appointments

Genius Sports has announced the appointments of Kenneth J Kay and Michael Messara to its board of directors.

Their appointments will take effect on 8 March.

Kay has been appointed as an independent director of the board. He will also accept the role of chair of the audit committee – succeeding Harry You – and will serve as a member of the board’s nominating and corporate governance committee.

Most recently, Kay held the role of CFO at MGM Holdings. He also held CFO roles with a number of companies, including Dole Food Company, CB Richard Ellis Group Inc and Las Vegas Sands Corporation. Kay also had board and audit committee experience through his time on the board of Summit Hotel Properties.

“This is an exhilarating time to join Genius Sports as it continues to transform the way the world experiences sport,” said Kay. “I look forward to working closely with the board as the company enters the next phase of its journey as a global leader in sports data and technology.”

Kay is set..

March 6, 2023

Kambi scores multi-channel sports betting deal with Wisconsin tribal operator

Sports betting technology supplier Kambi Group has agreed a new multi-channel sportsbook partnership with tribal operator Potawatomi Casinos & Hotels in Wisconsin.

Under the deal, Kambi will support Potawatomi Casino Hotel in Milwaukee with the opening of the first land-based sportsbook in the state. The new facility will feature 20 self-service kiosks, while additional kiosks will also open at the Carter Hotel & Casino in Carter.

Kambi’s full suite of sports betting technology and services will be available to customers for Potawatomi Casino Hotel’s initial retail sportsbook launch, with an on-premises mobile roll out, including live odds boards and Bring Your Own Device (BYOD) technology, to follow.

Read the full story on iGB North America

March 3, 2023

Colorado sports betting revenue edges up in January despite handle dip

Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.

Read the full story on iGB North America