Online sports betting Archives

January 4, 2024

Arkansas generates $3.8m in gambling revenue for December

Arkansas reported $3.8m ($3m/€3.5m) in gambling revenue for December, outperforming the state’s monthly forecast.

While Arkansas had estimated gaming to generate $3.7m in revenue for December, it surpassed that figure by an additional $100,000. The month’s above-expectation results take the state’s year-to-date gaming revenue up to $25.8m, 4.5% above the forecast of $24.7m.

In total, Arkansas’ gaming revenue for December was 7.5% higher than the same month last year. The year-to-date revenue is also an 11.2% increase on 2022’s numbers.

Arkansas: betting journey

SPORTS BETTING WAS LAUNCHED IN ARKANSAS IN JULY 2019

Sports betting launched in Arkansas in July 2019, following approval from the Arkansas Racing Commission. Arkansas became the ninth state to begin taking bets since the Professional and Amateur Sports Protection Act (PASPA) was struck down.

Online sports betting was introduced in April 2022, when a collaboration between Gaming1 and Delaware North led to the launch of Be..

January 3, 2024

Delaware Lottery launches first online sportsbook

The Delaware Lottery has announced the launch of its first online sportsbook and relaunch of its three online casinos.

Powered by Rush Street Interactive (RSI) and BetRivers, the sportsbook soft launched on 27 December. After a successful first week of operation, the new sportsbook is now fully live in Delaware.

Players can access a range of wagering options across professional and collegiate leagues, games and players. Betting options include spreads, moneylines, player props, futures and same game parlays.

Accompanying the new sportsbook are three updated versions of the state’s existing online casinos. These will continue to be operated by Delaware Park, Bally’s Dover Casino and Harrington Raceway & Casino.

RSI sees off competition to land Delaware igaming contract

RSI secured the contract to power the Delaware Lottery’s igaming offering in August of last year. This followed an RFP process that reportedly also involved 888. RSI was the only remaining bidder after other interest..

January 3, 2024

Rhode Island: Handle and revenue down in November

Sports betting handle and revenue fell year-on-year in Rhode Island in November, although there was a slight month-on-month rise in player spending.

Bettors spent $48.3m (£38.2m/€44.1m) on sports wagering in Rhode Island in November. This was 21.1% down from $61.1m in 2022 but 5.5% ahead of $45.8m in October 2023.

Of this total, $38.6m was wagered with online sportsbooks in Rhode Island. A further $9.6m was spent at retail locations at Twin River and Tiverton Casino. Twin River took $6.0m worth of bets in November and Tiverton Casino $3.6m.

Revenue slips to four-month low in Rhode Island

As for revenue, this amounted to $3.4m. Not only was this 30.6% behind $4.9m generated in November 2022 but also 24.4% less than $4.5m in October 2023.

The Rhode Island Lottery also noted the November total was the lowest monthly amount since $1.4m was reported in August 2023.

Online betting accounted for $2.6m of all revenue in November. Retail’s share amounted to $837,173, of which $488,920 cam..

December 22, 2023

New Hampshire sports betting spend continues to rise in November

Player spending on sports betting in New Hampshire increased month-on-month during November, but the $78.5m (£61.9m/€71.3m) wagered was less than the previous year.

Handle for November was down 15.7% from $93.1m in the same month last year. However, it was 2.0% ahead of October this year and the highest monthly total in New Hampshire for eight months.

Of the total wagered, $67.9m was bet online and $10.6m at retail sportsbooks across the state of New Hampshire.

Turning to gross gaming revenue, this amounted to $8.2m in November. This was 64.0% up from $5.0m last year but 5.8% behind October’s $8.7m haul.

draftkings holds exclusive sports wagering rights in new hampshire

Online sports betting accounted for $6.6m of all wagering revenue during the month. Retail betting generated the remaining $1.6m.

DraftKings remains the only operator offering online sports wagering in New Hampshire. It secured exclusive rights for the state in November 2019.

In terms of tax, the state took $3.6m..

December 21, 2023

Louisiana smashes sports betting handle record again in November

Louisiana players wagered $356.5m (£282.1m/€325.8m) on sports during November, a new monthly record for the Pelican State.

The November handle surpassed the existing record high of $308.6m set in October 2022 by 15.5%. It was also 32.7% up from $268.6m in Louisiana in November last year.

Consumers spent $322.9m betting online during November and a further $33.5m at retail sportsbooks.

Revenue falls some way short of Louisiana record

louisiana’s november revenue fell short of october’s record total

While spending was higher, this was not reflected in the state’s monthly revenue figure. For November, revenue from online and retail wagering amounted to $19.4m.

This was significantly better than last year’s loss of $25.6m in Louisiana. The November 2022 loss was due to US businessman Jim “Mattress Mack” McIngvale winning several large bets on Major League Baseball’s World Series.

November’s revenue total was also 55.2% behind the October 2023 record of $43.3m.

Breaking down revenu..

December 20, 2023

Pennsylvania blames ESPN Bet for November betting revenue drop

Pennsylvania has reported a 1.7% drop in revenue despite sports betting handle reaching $900m for the first time.

The total revenue in Pennsylvania in November was $444.5m (£351.2m/€405.6m), down on the $452.4m reported the same month last year.

This was in spite of sports betting handle reaching $934.1m, smashing the previous record of $829m recorded in October of this year. Notably, November’s sports betting handle was 18.4% higher than the $789.2m accumulated in the same month last year.

ESPN Bet blamed for Pennsylvania’s sports betting revenue decrease

Despite the sizeable increase in handle, sports betting revenue fell to $12.9m in November from $52.9m in October, a 73% drop month-on-month.

The Pennsylvania Gaming Control Board pointed to a low hold percentage, as well as the November launch of ESPN Bet, as reasons for the “steep drop in revenue”.

Operating under the Hollywood Casino at Penn National, ESPN Bet recorded a $7.8m loss, largely because of its “significant amount..

December 20, 2023

Michigan operators boosted by record monthly igaming receipts

Michigan’s commercial and tribal igaming operators generated record gross receipts of $175.3m (£138.5m/€160.2m) in November, according to the state’s regulator.

Michigan’s total gaming revenue beat the previous record of $171.8m in March and $160.3m in October, the Michigan Gaming Control Board stated. Total igaming handle was not reported.

November’s total online sports betting handle of $568.8m also set a new monthly record – up 6.7% from $533m in October. However, online sports betting receipts fell from $45m to $33.9m versus the previous month.

Accordingly, igaming and sports betting gross receipts totalled $209.2m in November. This represented a 1.9% increase on October’s total.

Sports betting falls in Michigan

Combined igaming and internet sports betting adjusted gross receipts (AGR) for Michigan in November totalled $158.1m. This included $157.8m from igaming and just $294,810 from online sports betting.

The November totals represented a month-on-month 9.4% increase and 9..

December 19, 2023

BetMGM and NHL announce multi-year extension to partnership

BetMGM will continue to be an official sports betting partner of the National Hockey League (NHL) after penning a multi-year extension.

The renewal, announced on Tuesday, will see BetMGM continue to use NHL imagery on its casino games and have “significant branding” visible on nationally televised broadcasts.

BetMGM signed the initial deal in 2018. In April 2022, BetMGM joined FanDuel in expanding its partnership with the NHL. This move was announced in the wake of Ontario launching its sports betting market, allowing BetMGM to expand into Canada for the first time.

BetMGM chief executive Adam Greenblatt is excited for the continuation of the partnership, saying: “Our partnership extension with the NHL enables us to enhance the BetMGM product and offer fans unforgettable entertainment built around the game they love.

“The NHL is more thrilling than ever – a symphony of athleticism, teamwork and skill on skates. We look forward to bringing our customers exceptional live experiences ..

December 19, 2023

SharpLink: The personalisation effect

Sports betting is a multi-billion dollar industry and everybody wants a slice of that pie. Cole Rush speaks to Rob Phythian, CEO of SharpLink about how personalisation can improve the sports betting experience.

Operators have boiled their launch processes down to a science, offering welcome bonuses to bring players to their platforms. From there, retention is the true goal. That’s where SharpLink comes in.

“There’s a huge audience for betting, but the experience can be pretty one-dimensional and transactional,” says Phythian. “The technology today gets you live and gets you secure, but it leaves you a generation behind.”

Phythian compares sports betting to tech giants like Netflix or Amazon. Consumers expect personalisation and tailored recommendations in almost every industry. In sports betting, they’re not getting that same degree of personally catered offers.

SharpLink aims to change that. The company seeks to understand user behaviour and serve it back to bookmakers so they can..

December 18, 2023

Sun International acquires Peermont in ZAR7.3bn deal

South Africa's Sun International has agreed the purchase of Peermont, including its flagship Emperors Palace resort and online brand PalaceBet.

The deal, announced on Monday, is worth ZAR7.3bn (£313m/€363.2m/$396.6m). Sun International labelled the move a “unique opportunity”, acquiring a “world-class and highly cash generative” company in Peermont.

The agreement sees Sun International obtain Peermont’s 11 properties across South Africa and Botswana. The online sports betting site PalaceBet is also included.

Emperors Palace is a leading casino resort in Gauteng, with 1,695 slot machines, 69 gaming tables and 757 rooms. In Sun International’s announcement, it pointed to the resort’s “unique proximity” to the OR Tambo International Airport as an opportunity to attract “high net-worth customers”.

The move was backed by the group’s investors, with 62.54% of shareholders providing written support for the purchase. Sun International believes the transaction will “enhance the qualit..

December 15, 2023

ACMA flags gambling giants for breaching in-play betting rules

The Australian Communications and Media Authority (ACMA) has revealed four leading online gambling brands have breached in-play betting rules in the country, with Ladbrokes and Bet365 among those flagged.

ACMA said the operators breached interactive gambling rules through the use of “Fast/Quick codes” to facilitate in-play betting on sports. Entain-owned Ladbrokes and Neds, as well as Hillside’s Bet365 and Sportsbet, were the four guilty parties named by ACMA.

Australia’s Interactive Gambling Act 2001 prohibits in-play betting on sports matches, with only limited exceptions. These include placing the bet over the phone, whereby the player must make an actual phone call to make the wager.

Players must first gain a Fast/Quick code from an operator’s website or app to build an in-play wager. This code embeds the event, bet selection and bet type of the in-play bet. The player then quotes this code when making the call to finalise the bet.

However, ACMA said this was not the case with..

December 15, 2023

Kansas smashes sports betting handle record in November

Kansas set a new sports betting handle record for the third consecutive month in November, with players wagering a total of $260.9m (£204.5m/€237.5m) across online and retail.

The November total surpassed the existing record of $249.7m in October by 4.5%. This was also 40.0% higher than the $186.4m wagered in Kansas in November last year.

Of this total, $251.7m was spent betting online, with the remaining $9.2m wagered at retail sportsbooks across Kansas.

However, record handle was not enough to also push revenue to a record high. In November, sports betting revenue in Kansas hit $8.9m. This was 38.2% behind October’s $14.4m record but 11.3% ahead of $8.0m in November 2022.

Online sports wagering accounted for $8.2m of total revenue in Kansas. A further $753,778 came from betting at retail sportsbooks.

Boot Hill and Kansas handle surpasses $100.0m

Breaking down the market, Boot Hill Casino and DraftKings remained the clear leaders in the online sector in Kansas. The partnership h..

April 2025
Mon	Tue	Wed	Thu	Fri	Sat	Sun
	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30

Tag: Online sports betting