Betting News Archives

April 13, 2023

Iowa sports betting revenue up despite handle dip in March

Iowa’s sports betting revenue increased year-on-year in March, despite the US state posting a slight decline in monthly handle.

Player spending on sports wagering in March across online and retail amounted to $232.6m, down marginally from $233.5m in March 2022. However, this figure was 20.0% higher than the $193.9m bet by consumers in February this year.

Of this total, $209.0m was wagered with online sportsbooks, while the remaining $23.6m was spent at retail locations.

To read the full story visit iGB North America

April 13, 2023

Indiana sports betting handle declines in March

Consumer spending on sports betting in Indiana fell year-on-year in March, although the state was able to report an increase in revenue.

Wagering handle for the month amounted to $433.0m, down 9.1% from $476.8m in March 2022 but 21.5% higher than $356.2m in February of this year.

Basketball remained by far the most popular sport among bettors, drawing $224.3m in total wagers for the month. Players also spent $71.7m on baseball betting, $1.6m on football and $71.7m on other sports, as well as $127.9m on parlay bets.

To read the full story visit iGB North America

April 13, 2023

Beter to move distribution in-house

Content and data provider Beter will move its content distribution system in-house as part of a new strategy to strengthen and expand its operator partnerships.

The basketball, MMA, esports, table tennis and igaming content supplier said that it wants to have greater control over the distribution of its content among its network of operator partners.

Beter has enjoyed “incredible success” in recent months, it explained, and intends to strengthen its existing partnerships, as well as work with more tier-one brands globally.

“We have made the strategic decision to take more control over the distribution of our content,” said Beter CEO Gal Ehrlich. “This decision is not a reflection of the incredible work our partner has done on our behalf, but rather an opportunity to align our distribution strategies with our long-term goals.

“We are confident that by taking a more active role in the distribution of our content, we will be better positioned to deliver on our commitment to provide t..

April 13, 2023

BGC welcomes MP support for Grand National charity bet initiative

The Betting and Gaming Council (BGC) said more than 40 MPs will support this year’s edition of its Grand National charity bet initiative.

MPs from a number of parties will visit a local betting shop to place a BGC Charity Bet on the British showpiece racing event, which takes place on 15 April at Aintree Racecourse as part of the Grand National festival.

Each participating MP will be given £50 to bet on a horse, with all the winnings going to a charity of their choice. Should their bet not win, BGC members will make a £250 donation to the MP’s nominated charity.

MPs can visit a Paddy Power, William Hill, Ladbrokes, Coral, Betfred or local independent betting shop in their constituency to place the charity bet ahead of the race this weekend.

Levelling Up minister Dehenna Davison, shadow DCMS minister Alex Davies-Jones, minister for Enterprise Kevin Hollinrake and COP26 president Alok Sharma are among the MPs that will take part in the initiative this year.

Shadow defence secretary..

April 12, 2023

Prophet Exchange receives over $10 million in funding

New-Jersey based betting exchange, Prophet Exchange (Prophet), has acquired over $10.0m in funding to advance its peer-to-peer, high frequency exchange.

The company is backed by funds from MIXI Inc, Ninjabet.com and Chicago Trading Company. In a statement by Prophet Exchange, it says the backing by these companies is “a validation for their peer-to-peer exchange model”.

In regard to the peer-to-peer model, chief operating officer and co-founder, Jake Benzaquen states that “to be frank, something has always bothered us about ‘the house always wins'”.

“At Prophet, we win only when the user wins,” Benzaquen said. “As the first pro-consumer betting exchange in the country, we believe it’s time for the house to lose a few hands.”

Prophet aims to use these funds to work towards profitibility and grow its tech offering. Additionally, it is to develop consumer-based functions such as increased liquidity, growing the roster of events and offering smart-wallet technology.

Chief exe..

April 12, 2023

New York online sports wagers reach $16.40bn in FY22

Consumers in New York spent $16.40bn betting on sports online during the first full financial year of regulation in the US state, while revenue for the period reached $1.46bn.

New York opened its legal online sports betting market in January last year and the state’s 2022 financial year ran from April 2022 through to the end of March this year.

During the opening year, Flutter Entertainment-owned FanDuel Group led the market with $756.0m in gross gaming revenue from $6.82bn in total wagers.

Read the full story on iGB North America

April 11, 2023

Betfred to sponsor the Oaks and the Derby at Epsom Downs

In a three-year deal, Betfred has announced it is to be the new sponsor of the Oaks and the Derby at Epsom Downs.

The operator will also sponsor two other races over the two days of the Derby in June, however these are yet to be determined. Betfred notes that this is the first of a series of announcements regarding the partnership to be released in the forthcoming weeks.

Betfred has previously been involved in British racing as the sponsor of a number of racing events, including the Cheltenham Gold Cup from 2012 to 2015, as well as the Group One Sprint Cup at Haydock Park.

Betfred founder Fred Done said he was “immensely proud” to be sponsoring the races.

Done said that “for me, the Derby remains the greatest flat race in the world”.

“When you look at some of the horses and characters that have won this great race, Sea-Bird, Mill Reef, Nijinsky, Sir Gordon Richards, Lester Piggott and Frankie Dettori, it has an amazing history, and I am delighted to become a part of it for at l..

April 11, 2023

Sportradar extends with college sport’s Big Ten Network

Sportradar has renewed its partnership with Big Ten Network to power its OTT platform B1G+ until the end of the 2024-25 college athletics season.

The two-season extension will see Sportradar collaborate with Big Ten Network to enhance the user experience for fans of one of the premier collegiate conferences in the US through additional front-end experiences that also include the integration and visualisation of sports data.

Additionally, Sportradar is continuing to provide Big Ten Network its technology and data-driven OTT solutions to manage the B1G+’s OTT backend and frontend – including web, mobile and connected TV apps – UX/UI design, as well as third-party integration.

Big Ten Network originally selected Sportradar to support the relaunch of B1G+ in summer 2021, delivering live streams of Big Ten Olympic sports, video-on-demand of basketball and football games and school-specific channels allowing fans to focus on content from their favourite team, for one of the premier colleg..

April 11, 2023

IGT extends betting partnership with Rhode Island Lottery

International Game Technology (IGT) will continue to provide its sports betting technology to Rhode Island Lottery for a further three years.

IGT PlaySports, along with its commercial partner William Hill US, powers state-wide mobile sports betting via the Sportsbook Rhode Island app and sportsbook locations at Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel.

Mark Furcolo, Rhode Island Lottery director, said: “As one of the first US lotteries to launch sports betting, Rhode Island Lottery is very pleased with the successful programme we have built over the last five years, backed by IGT’s world-class technology and William Hill’s operator experience.”

To read the full article, visit iGB North America

April 11, 2023

US: Gaming “significantly” more diverse than workforce

A new report by the American Gaming Association (AGA) has revealed that the gaming sector is “significantly” more diverse than the US workforce as a whole.

According to the trade association, 61% of employees in the gaming sector are racial minorities compared to 52% of the broader hospitality industry and 42% of the total US workforce.

This comprises the 23% of those working in hospitality coming from Hispanic backgrounds, and the 19% who are black, both of which is above the total US workforce in general, and in line with the hospitality industry in specific. The 14% of employees who are of Asian descent means that the group is over-represented in the sector at around twice the national average.

The gaming sector is now “significantly” more diverse than both the hospitality sector and the US workforce as a whole

“Consumers, policymakers and investors are raising their expectations for all businesses on how they contribute to society beyond the bottom line,” said AGA president an..

April 6, 2023

2023 Masters Odds Tracker powered by Kambi

April 6, 2023

Kambi agrees deal extension with BetPlay operator

Sports betting supplier Kambi Group announced an extension of its sportsbook deal with Colombian BetPlay operator Corredor Empresarial SA.

The deal is the second renewal of the initial agreement that the two parties first signed in 2017, since which BetPlay has become the Colombian market leader.

The provider said that the Latin American has become a “key market” for the supplier, with BetPlay utilising a number of Kambi’s technology and services, including its Bet Builder product.

“We are pleased to agree a long-term extension to our successful partnership with Corredor Empresarial, providing its customers with next generation betting entertainment,” said Kambi CEO and co-founder Kristian Nylén.

“The Latin American market continues to hold great promise for Kambi and we look forward to aiding Corredor Empresarial as it expands across the region with Kambi’s cutting-edge complete sportsbook.”

As part of the renewal contract, the provider will continue to power BetPlay’s sportsbook..

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