Online sports betting Archives

April 15, 2024

New Hampshire sports betting handle halts decline in March

New Hampshire’s sports betting handle reached $72.6m (£58.2m/€68.2m) in March, ending a run of three straight months of decline.

In March, New Hampshire reported a 16.5% month-on-month increase in sports betting handle, likely boosted by the March Madness NCAA tournament.

New Hampshire had previously seen its handle drop for three consecutive months, even with the Super Bowl in early February.

New Hampshire’s March figures were aided by its mobile sector, with online accounting for $65.0m in bets taken, or 89.5% of the monthly total, having recorded a handle of $55.9m in February.

Retail handle also increased, jumping 18.8% to $7.6m from February’s figure of $6.4m.

New Hampshire revenue down despite handle rise

Although New Hampshire’s handle ended its slide, revenue continues to falter in the Granite State.

March’s gross gaming revenue stood at $5.6m, the third-lowest in its FY2024 and the lowest since August 2023, prior to the NFL season getting underway.

Consequently, the se..

April 15, 2024

FanDuel likely has two-year head start on competition in Washington, DC

Buried in the minutiae of a 10 April budget meeting, Washington DC's Office of Lottery and Gaming (OLG) revealed that it is preparing to ask the DC City Council to approve a two-year extension to its deal with lottery and sports betting operator Intralot.

To recap, the OLG in March alerted the DC Council that it would be unwinding its chronically underperforming sports betting platform, GambetDC. The platform is run by lottery vendor Intralot.

Under its existing contract, the agreement will expire on 14 July. In March, OLG approved Intralot’s request to subcontract online sports betting to FanDuel.

Now the agency will request a two-year extension for the soon-to-expire deal. If approved, the deal could mean that FanDuel would have a two-year head start on digital sports betting in the District.

That two years, lottery chief Frank Suarez told the DC Council’s Committee on Business and Economic Development, would allow it enough time to issue an RFP (request for proposal). This ..

April 15, 2024

Tennessee market bounces back in March as gross wagers hit $473.6m

Gross mobile sports betting wagers in Tennessee increased 20.6% year-on-year to $473.6m (£379.7m/€444.4m) in March, halting three consecutive months of decline.

The monthly total was some way ahead of the $392.7m wagered in Tennessee in March last year. It was also 25.2% more than the $378.2m spent by players in February of this year.

However, the March total was some way short of the record in Tennessee. Players wagered an all-time monthly high in November 2023.

After taking into account $1.6m in adjustments, cross handle for Tennessee in March was $472.0m.

In terms of privilege tax from sports betting, the state collected a total of $8.7m. This was up 24.8% from February’s $7.0m but 0.5% down on the previous year, despite the handle rise.

The Tennessee Sports Wagering Council does not publish data regarding monthly revenue, nor any information on individual operator performances.

Who is active in Tennessee?

While data on Tennessee is limited, the Volunteer State does feature s..

April 15, 2024

Indiana betting handle falls just short of monthly record in March

Players in Indiana spent $500.8m (£401.9m/€470.1m) betting on sports during March, an improvement on last year and only narrowly lower than the state’s monthly record.

Handle was 15.7% higher than $433.0m in Indiana in March last year and 22.5% more than $408.7m in February. The total was also just 2.5% behind the all-time monthly high of $513.7m posted in November 2023.

Basketball again proved the most popular sport to wager on, drawing a total of $167.9m in total bets in March. The state is home to National Basketball Association team the Indiana Pacers.

In contrast, $9.9m was wagered on baseball and just $1.7m American football. A further $173.0m was bet on other sports and $148.1m parlay bets.

Indiana revenue dips to $39.4m

While handle was higher year-on-year, the same could not be said for revenue. In total for March, taxable adjusted gross revenue amounted to $39.4m.

The monthly revenue total was 7.9% lower than $42.8m in March 2023 and only 3.7% more than $39.0m in Februa..

April 12, 2024

State of the Union: A look at the week that was in North America

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Bally Bet aiming for June Massachusetts launch

Saying “our commitment is strong here”, on Thursday (11 April) representatives from Bally Bet told the Massachusetts Gaming Commission that it is aiming for a late June launch in the Bay State. Bally’s had previously promised a “late Q2” launch, but hadn’t put a date on it. The company has had a temporary sports betting licence in the state since early 2023. When Bally Bet launches it will bring the total number of digital platforms available in Massachusetts to seven after Betr and WynnBet exited the state earlier this year.

“Having someone that we’ve started with the licensing process, a group come in and actually get going, is exciting to us,” interim MGC chair Jordan Maynard said during the meeting.

SCOTUS grants extension in Florida sports betting case

T..

April 12, 2024

ASA reiterates ad guidelines ahead of Euro 2024 and warns against targeting minors

The Advertising Standards Authority (ASA) has warned operators against targeting minors with advertising ahead of the upcoming Euro 2024 tournament.

Euro 2024 gets underway on 14 June, with sports betting activity likely to skyrocket during the tournament in Germany. Ahead of the event, the ASA has reiterated to operators their guidelines on what will be prohibited in their advertising.

The ASA highlighted the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing (CAP Code). The CAP Code stipulates that gambling operators must not feature anybody under the age of 25 in their advertising, including footballers. However, there is an exception for websites where bets can be placed directly.

The ASA also warned that ads mustn’t involve any player deemed to have a strong appeal to those under 18.

ASA reiterates other guidelines

The ASA has cautioned that operators shouldn’t mislead audiences by implying official endorsement from players and teams. The ASA did also sta..

April 12, 2024

Charting Nigeria’s online gambling growth amid regulatory battles

One of the most exciting emerging global online gambling markets is Nigeria, boasting a youthful population that H2 Gambling Capital forecasts to lead it to gross gaming revenue (GGR) of €675.1m (£576.8m/$717.2m) by 2025. With a legal battle over regulation ongoing, though, how exactly is it achieving its success?

Firstly, it’s imperative to note the demographics of Nigeria, which is the most populous country in Africa with well over 200 million inhabitants. According to a report from The Economist, that population is predicted to grow to 400 million by 2050, surpassing the US as the third most-populous country on the planet.

Looking closer at Nigeria’s data reveals a hugely youthful population, with figures from the World Factbook outlining that approximately 41% of people in the country are aged between 14 and under, with the average age of a person in Nigeria just 19 years old.

Taking those demographics aspects into account it’s clear to see why there is excitement over how Niger..

April 12, 2024

Kansas sports wagers reach $252.9m in March

Players in Kansas wagered a total of $252.9m (£201.8m/€236.3m) on sports during March, just shy of the Sunflower State’s monthly record.

Handle was 28.4% higher than $197.0m in March last year and 24.6% ahead of February this year. It was also just 3.1% lower than the Kansas record of $260.9m in November 2022.

Of this total, $243.2m was bet online, while $9.7m was wagered at retail sportsbooks across the state.

In terms of revenue, this amounted to $7.1m in March. The figure was 22.0% lower than the $9.1m generated last year but 129.0% ahead of February’s $3.1m haul.

All revenue in March came from online betting, with retail failing to generate any revenue for operators. It was also noted that the state collected $714,697 in sports betting tax during the month.

DraftKings and Boot Hill retain the lead in Kansas

Having taken the lead in February, DraftKings and partner Boot Hill remained out in front in the Kansas online market. During March, the partnership generated $4.7m in re..

April 11, 2024

New Jersey senator formally introduces bill to hike online tax to 30%

A New Jersey senator, John McKeon, has formally introduced his new bill to increase tax for online gambling and sports betting to 30%.

Currently, online gambling and sports betting are taxed at 15% and 13% of gross gaming revenue respectively.

Senate Bill 3064 was formally introduced on 8 April, after being filed last week. The bill was referred to the Senate State Government, Wagering, Tourism & Historic Preservation Committee.

If enacted the bill would amend Section 17 of P.L.2013, c.27 (C.5:12-95.19), which specifies the online gambling tax amount. Section 7 of P.L.2018, c.33 (C.5:12A-16), which addresses sports wagering tax, would also be changed.

Should lawmakers approve the proposal, it would take effect on next 1 January that occurs after the date of enactment, per the bill text.

New Jersey gambling tax hike: How does it compare?

A 30% rate would put a significant burden on New Jersey’s 18 mobile sportsbooks, raising taxes to among the highest in the US. New York’s 51% spo..

April 11, 2024

Caesars launches mobile sports betting at Harrah’s casino in Mississippi

Caesars Entertainment has announced the launch of its mobile sports betting product at Harrah’s Gulf Coast Hotel & Casino in Mississippi.

Players aged 21 or over can download the Caesars Sportsbook Mississippi app and place bets across a range of sports. Wagering via the app is only permitted while users are physically present at Harrah’s Gulf Coast.

The mobile launch will complement the on-site Caesars Sportsbook facility at the casino. The retail sports betting location has been taking bets at Harrah’s Gulf Coast since 2018.

Users betting via mobile will also have access to the Caesars Rewards loyalty programme, which is integrated into the app. Players earn points for each bet placed, with these redeemable for Caesars experiences and bonus cash in the app.

“The launch of our Caesars Sportsbook mobile app at Harrah’s Gulf Coast is a game-changer for sports fans who visit the world-class destination,” Caesars Digital president Eric Hession said.

“Enhancing the fan experience rem..

April 10, 2024

Operator-branded platforms won’t have a home in legal California wagering

In Anaheim on Tuesday (9 April) a diverse group of tribal leaders said during an Indian Gaming Association panel that they feel an “urgency” but not a rush to get sports betting legalised in the state.

But don’t expect platforms like BetMGM, Caesars Sportsbook, DraftKings, ESPN BET, Fanatics Sportsbook or FanDuel to have operator-branded platforms in the state.

“I can tell you what they won’t be,” California Nations Indian Gaming Association (CNIGA) chairman James Siva said. “They won’t be operators in the state. If they want to be partners like the slot companies we work with, then we can do that. I think they are starting to come around.

“And I think urgency is the right word… but right now, while it’s urgent, we won’t be hurried and we will make decisions based on real data. We are going to make sure we stay united in purpose. Keep that urgency in the back of your mind, because we need to do it, but we need to do it right.”

FanDuel apology tour continues

Earlier in the day, Fa..

April 10, 2024

Colorado sports betting revenue down despite handle increase in February

Sports betting revenue in Colorado declined 27.1% to $25.8m (£20.3m/€23.8m) in February, despite the Centennial State reporting an increase in player spending.

Revenue was down year-on-year from $35.4m in February 2023. Colorado’s monthly total was also 51.8% less than the $53.5m posted in January of this year.

Online betting generated $25.9m in gross gaming revenue in February. However, a $144,982 loss from retail betting pushed the monthly total down slightly.

This decline came despite handle in Colorado climbing 8.6% from $494.4m in February last year to $537.0m. However, this figure was 10.0% behind the $596.7m bet during January.

Online wagers for the month amounted to $533.5m, while a further $3.5m was bet at retail sportsbooks across the state.

Basketball the sport of choice for Colorado bettors

Breaking down the market sport by sport, basketball proved the most popular with Colorado players in February. Some $229.8m was bet on basketball during the month, accounting for s..

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Tag: Online sports betting