Betting News Archives

October 20, 2022

Gibraltar to replace one-size-fits-all licence fees with tiered system

Gibraltar is set to implement a new, tiered system for gambling licence fees, meaning that larger operators will pay more and smaller ones less, as part of a package of reforms for the point-of-supply market.

The British Overseas Territory launched a consultation on new licence fees, following its earlier proposal for a new Gambling Act.

Previously, operators of remote betting, remote gaming, other remote products, land-based gaming and retail betting each had to pay a £100,000 licence fee every year. B2B suppliers, meanwhile, were required to pay an £85,000 annual fee.

However, in its consultation, the government said that “licensing fees for startup operators and small operators who are building for growth can be a disproportionate cost in the early stages of the life cycle of the business”.

As a result, it opted for a new, tiered system for remote betting and gaming licences, based on annual gross gambling yield (GGY).

As operators need to apply for a separate licence for each..

October 20, 2022

Mississippi reveals year-on-year sports betting handle decline in September

Player spending on sports betting in Mississippi fell 21.4% year-on-year during September, though revenue in the US state remained level.

Wagering handle for the month amounted to $43.1m (£38.3m/€44.0m), down from $54.8m in September 2021, but more than double the $21.2m spent by consumers in August of this year.

However, despite the decline in spending, revenue was level year-on-year at $8.8m, with this figure also 225.9% higher than $2.7m in August.

Coastal casinos remained the most popular venues to place bets on sports in Mississippi, with players wagering a total of $28.1m and the casinos turning a revenue of $5.5m.

Handle for central casinos was $8.2m, with revenue at $1.8m, while spending at northern casinos totalled $6.9m and revenue $1.6m.

Football overtook baseball to become the sport of choice among players, with $16.5m bet at coastal casinos, $3.1m at central casinos and $4.4m at northern casinos.

Win percentage for the month was 20.4%, an increase from 16.1% in Septe..

October 20, 2022

Oregon reveals further sports betting growth in September

Sports betting revenue and handle in Oregon both increased year-on-year in September, while the US state also reported month-on-month growth across the market.

Player spending for the month amounted to $39.3m (£34.9m/€40.0m), up 57.2% from $25.0m in September 2021 and also 39.4% higher than the $28.2 wagered by consumers in August of this year.

Gross gaming revenue for the month reached $5.5m, an increase of 358.3% on last year and more than double the $2.7m generated in August.

Almost all revenue came from DraftKings, with just $163 generated by Scoreboard. The Oregon Lottery’s Scoreboard online sportsbook has been phased out and replaced by DraftKings, but still pays out on bets placed before this process began.

Football overtook baseball to become the most popular sport among consumers in Oregon, attracting $14.8m in wagers and producing $3.3m in revenue.

Baseball slipped to second with a $11.2m handle and $1.1m in revenue, then soccer with $4.6m in bets and $300,293 in revenue..

October 20, 2022

Sportradar gains sub-licence for ATP tennis data

Sportradar has agreed a deal with Tennis Data Innovations (TDI) and IMG, allowing it access to a sub-licence for ATP tennis data.

This new partnership focuses on the creation of a new secondary feed, which will grant access of betting-related services based on official ATP Tour and ATP Challenger Tour scores to a number of bookmakers worldwide.

The new feed will deliver scores directly from the umpire’s chair and offer complete and uninterrupted coverage of events across the whole season. Consequently, this will allow bookmakers to ensure more stable and reliable in-play betting markets and improve customer experience.

The data in the new feed is delivered in parallel with the existing official fast data feed which was from IMG Arena. By offering an alternative feed to bookmakers, the reach of official data is expanded and it increases the access to tennis betting experiences powered by official scores.

“By taking a constructive and innovative commercial approach, TDI has found a ..

October 19, 2022

GB problem gambling trends in focus

This infographic highlights interesting results and recent trends from the Gambling Commission’s quarterly telephone survey on gambling participation. The Problem Gambling Severity Index (PGSI) mini-screen is conducted as part of the survey and the results provide insight into the risks to gamblers in Great Britain.

October 19, 2022

Sports betting growth drives PA gambling revenue up 7.9% in September

Gambling revenue in Pennsylvania increased by 7.9% year-on-year in September following a 77.7% jump in sports betting revenue.

Total gambling revenue for the month amounted to $448.5m (£399.5m/€459.1m), which was ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year.

Retail slots remained by far the main source of revenue for operators in Pennsylvania during September, though revenue from this area of the market fell 0.2% to $198.5m. Retail table games revenue was also down 2.9% to $81.6m.

However, these declines were more than offset by growth in almost all other sections of the state’s market, including sports betting where revenue rocketed from $28.3m in 2021 to $50.2m this year.

Of this total, $43.0m came from online wagering, with the remaining $7.3m generated at retail sportsbooks. Sports betting handle was also up 11.5% year-on-year to $645.2m.

Valley Forge Casino Resort and FanDuel moved into first place in the sports betting market in..

October 19, 2022

MI sports betting and igaming revenue continue upward trend in September

Michigan commercial and tribal operators reported combined total gross internet sports betting and igaming revenue of $176.5m (£157.1m/€180.6m) in September, a year-on-year increase of 40.0%.

The September total was comfortably ahead of the $126.1m in combined revenue for the same month in 2021, while it was also 13.9% higher than $154.9m in August this year, figures from the Michigan Gaming Control Board (MGCB) showed.

Online gaming gross receipts were up 25.7% year-on-year to $128.7m, while internet sports betting adjusted gross receipts more than doubled from $23.7m last year to $47.8m. Sports wagering handle also edged up 2.9% to $364.5m.

Combined total adjusted gross receipts, which also account for promotional spending, were $143.0m. These included $115.8m from igaming activity and $27.2m from sports betting.

Licensed operators submitted $25.6m in taxes and payments to the state of Michigan during the month, with $24.0m coming from igaming taxes and fees and $1.6m sports wage..

October 19, 2022

Genius Sports scores integrity partnership with Australian Professional Leagues

Genius Sports has agreed a deal with the Australian Professional Leagues (APL) to become the official data provider for the A-League Men and A-League Women club football competitions.

The agreement will cover the 2022-23 seasons of both leagues, with Genius Sports securing the exclusive rights to capture, manage and distribute official data from all matches and also distribute this to its global network of sportsbook partners.

Both A-Leagues have also committed to deploying Genius Sports’ optical tracking systems in select venues.

Genius Sports’ monitoring system cross-references real-time betting odds movements with predictive algorithms to automatically flag potentially suspicious activity.

“Genius are global leaders in data and integrity services and we are delighted to be building this partnership with them,” APL director of strategy and digital Michael Tange said. “Data underpins the Australian Professional Leagues’ strategy to make football Australia’s most entertaining sport..

October 18, 2022

SunBet eyes African expansion with Sportingtech partnership

Africa-focused online bookmaker SunBet has entered into a partnership with betting and gaming platform provider Sportingtech as it intends to expand into three new territories on the continent.

Under the deal, SunBet, which is owned by South Africa-based casino and resort giant Sun International, will have access to Sportingtech’s Quantum platform.

Quantum covers more than 65 sports, 9,000 games and over 1,000 betting markets, with SunBet to roll out the platform in its existing markets and new regions across Africa.

SunBet did not disclose the countries into which it intends to expand but did say it has highlighted “three well-established territories” as target markets.

“This collaboration will benefit us massively as we continue to expand,” SunBet’s general manager Simon Gregory said. “Bringing both in-depth expertise and high-quality product offering, Sportingtech is the ideal partner for us in this venture and look forward to growing these African markets together.”

Sportingte..

October 18, 2022

New Jersey gambling revenue continues upward trend in September

Gambling revenue in New Jersey increased for the second consecutive month in September, while the US state also reported year-on-year growth across almost all markets.

Total gaming revenue for the month amounted to $485.0m (£430.0m/€493.0m), up 3.0% from $470.7m posted in August and also 6.9% ahead of the $453.6m recorded in September 2021.

Land-based gambling revenue edged up 1.3% year-on-year to $251.7m, with slots revenue up 2.5% to $186.5m, though table games revenue slipped 1.9% to $65.3m.

Online casino revenue also increased by 10.3% from $122.6m to $135.2m, driven by a 10.7% rise in online slots revenue to $133.0m. In contrast, peer-to-peer internet poker revenue was down 8.7% to $2.3m, making it one of only two markets areas – alongside land-based table games – to decline year-on-year.

The Borgata led the way in igaming, posting $41.1m in revenue for September. Resorts Digital was second on $34.19m, marginally ahead of Golden Nugget with $34.18m.

Turning to sports betting ..

October 18, 2022

How is safer gambling promoted at retail betting shops?

Safer gambling week special: Online gambling has got much of the attention, but preventing harm in retail betting can be a difficult problem where technological solutions can be harder to implement. iGB looks at what safer gambling tools are available at betting shops.

To the average person in the UK, the most notable sign every year that it’s Safer Gambling Week would be from betting shops.

The industry’s initiatives during the week are wide-reaching, across both physical and online spaces.

But betting shops, despite a decline in numbers in recent years, are still on almost every high street in the country. And almost every one is plastered with signs encouraging people to think more about their gambling activity.

But inside those retail betting shops, what can be done to protect customers?

As pressure from the media and government around harmful gambling grows, the industry has attempted to show that it can deal with potential harm without needing strict interventions that could..

October 18, 2022

FuboTV to immediately shut down sportsbook

Streaming provider FuboTV has announced it is to close its Fubo Gaming subsidiary and cease operations of its owned-and-operated Fubo Sportsbook with immediate effect.

The decision was made following a strategic review of the business, which was launched in August after FuboTV said it could not operate its sports betting division alone in the current economic environment.

FuboTV said while multiple parties expressed interest in the betting business, the provider also said that none of these opportunities would have allowed FuboTV to “lower its funding requirements and generate sufficient returns to shareholders”.

As a result, FuboTV will close Fubo Gaming and cease all operations of the Fubo Sportsbook immediately.

“Following our previously announced strategic review, we have concluded that continuing with Fubo Gaming and Fubo Sportsbook in this challenging macroeconomic environment would impact our ability to reach our longer-term profitability goals,” FuboTV co-founder and chief ..

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