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.
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Iowa experienced another year-on-year drop in sports wagering handle in April, although the state was able to report an increase in revenue.
Consumers spent $172.6m betting on sports during the month, down 2.7% from $177.4m in April 2022 and also 25.8% behind the $232.6m wagered in March of this year.
Of this total, $157.5m was wagered online, while the remaining $15.1m was bet with retail sportsbooks across the state.
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On 2 May, New York State lawmakers approved the FY2024 budget, which included funding for a $455m (£362.0m/€412.2m) loan to renovate and upgrade the Belmont Park race track.
Non-for-profit racetrack operator the New York Racing Association (NYRA) is charged with developing the project to build the new thoroughbred racing facility at Belmont Park.
The NYRA said that the “significant” construction development would have no cost to tax payers, due to being funded through loans that the operator is obliged to pay back to the state government.
Belmont Park’s existing grandstand and clubhouse are to be replaced with a new building, designed to “reflect the evolution” of racing and wagering since the site was last redeveloped in 1968.
In keeping with the declining popularity of racing in New York, the new construction is to be smaller, with the current 1.25 million square foot facility set to be replaced with a 275,000 square foot structure.
According to the NYRA, the new building is to..
Player spending on sports wagering in Delaware fell to a seven-month low in March, although the state was able to report an increase in igaming wagers.
Betting handle for the month amounted to $3.5m, which was 32.7% lower than $5.2m in the same month last year and 14.6% behind the $4.1m wagered in February this year. This was also the lowest monthly total since August 2022.
However, sports wagering revenue was $544,385, only marginally lower than $553,465 in March 2022 and 77.6% higher than $306,573 in February.
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Racecourse Media Group (RMG) has announced it will pay £117.6m (€133.3m/$147.0m) to British racecourses from the sale of their media and data rights in 2022.
Payments were derived from a range of RMG businesses including via betting shops, online bookmaker streams, the Racing TV pay TV channel, international betting, non-betting distribution, the mainstream TV agreement with ITV and data sales.
The payment total represents a 6.9% increase from £110.0m paid out in the previous year.
“The RMG model has once again proved to be resilient and reliable – in the face of significant challenges – producing record results, and performing ahead of expectations,” RMG chairman Roger Lewis said.
“The results are a testimony and tribute to the vision and dedication of those racecourses who came together and stuck together to create, grow and develop the RMG business.”
Lewis will step down from the RMG board this year and will be replaced by former Flutter UK and Ireland chief executive Conor Gra..
Australian gaming operator PointsBet confirmed that the business is “currently in discussion with multiple parties” regarding the sale of its North American business.
The company also said that it has terminated previously reported talks to sell its Australian business to the News Corp-backed gaming venture behind the Betr brand. Despite this, PointsBet said it remains in discussion with “other third parties” who have expressed interest in acquiring the business.
“Consistent with commentary previously provided to our investors and the market more generally, PointsBet continues to engage in discussions regarding strategic transactions that offer the potential to add value for our shareholders,” said the company.
pointsbet also confirmed that it had terminated the talks to sell its Australian business to a news Corp-backed venture
Losses mount despite revenue growth
For the three-month period ending 31 March, the business recorded gross gaming revenue of AU$106.6m (£56.4m/€63.9m/US..
Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.
Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.
Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.
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French national lottery operator Française des Jeux (FDJ) reported revenue of €662m (£583.9m/$726.5m) for the first quarter of 2023, ended 31 March.
This was up by 8% compared to FDJ‘s performance in Q1 2021.
On a pro forma basis for 2022 – which included revenue from FDJ’s point of sales segment Aleda and payment service L’Addition – the revenue was up by 5.3% comparably.
Lottery revenue for the quarter was 6.4% higher than in Q1 2022, at €497m, while sports betting revenue grew slightly by 0.2%, remaining fairly level at €129m.
A total of €5.49bn was wagered with the operator during the quarter, a rise of 8.6%. Digital stakes made up €698m of the total.
From points of sale, revenue hit €4.79bn, a rise of 6.9%.
“The first quarter of 2023 was marked by the continued good financial and extra-financial performance of the FDJ group,” said Stéphane Pallez, chair and CEO of FDJ. “Our turnover is up by more than 5%, driven both by our network of 30,000 points of sale and by the good m..
Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.
Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.
Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.
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Italy's igaming revenue continued its slow decline, even with casino and slots experiencing a big increase at the end of 2022.
Italy’s igaming revenue experienced a subtle decline, with December’s revenue of €315.8m showing a 2% decrease compared to the previous month. Despite this, there was a 1.2% increase year-on-year, indicating a stable increase in the industry.
Both retail sports betting and online sports were reflected in this decline, but the remaining products picked up from the previous month.
The stand out of the sectors was casino & slots, which witnessed an impressive 17% increase by reaching €206.1m revenue in December, compared to its €176.1m revenue in November.
In terms of market share, casino & slots dominated with the largest increase in market share, and online sports betting lost almost a third of its market share from November. Meanwhile, Lottomatica/Goldbet maintained its position as the leader in the online casino industry with a 12.4% market share, wh..
Online gambling revenue hit an all-time high of €195.3m (£173.0m/$213.0m) in Portugal during the fourth quarter of 2022, with record performances across both the sports betting and casino sectors.
Gross revenue for the three months to 31 December 2022 was 39.7% higher than €139.8m in the corresponding period of the previous year and also 23.4% more than the previous quarterly record of €158.2m set in Q3 of 2022.
Online casino
Casino was the primary source of revenue during the quarter, generating €109.8m in total revenue, up 48.3% year-on-year and 23.8% quarter-on-quarter, according to regulator the Gaming Regulation and Inspection Service (SRIJ).
Consumers spent €2.98bn playing online casino in Q4, up 42.1% from the previous year’s total and also a new record for the country’s market.
Slot machines were by far the most popular form of online casino, attracting 79.8% of all bets, with French roulette a distant second with 8.5% of bets and blackjack 5.5%.
Sports betting
Turning ..
Gambling revenue in Pennsylvania increased by 21.6% year-on-year in February, driven by significant growth across the sports betting and online slots sectors.
Revenue for the month amounted to $456.8m, up from $375.7m in February 2022 and just 1.6% shy of the $464.4m generated in January of this year, according to the Pennsylvania Gaming Control Board (PGCB).
Retail slots remained by far the main gambling revenue source in the state with $202.8m, up 4.2% year-on-year, while retail table games revenue also edged up 0.2% to $74.5m.
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