Online sports betting Archives - Page 18 of 66

November 16, 2023

Arizona sports betting handle hits six-month high in September

Consumers in Arizona spent $610.7m (£492.7m/€563.0m) betting on sports in September, the highest monthly total since March.

The September figure was 13.5% higher than $538.0m last year and 13.3% more than $538.9m in August 2023. It is also the sixth time monthly sports betting handle surpassed $600.0m in Arizona.

Of this total, $605.2m was bet with online operators and $4.0m retail sportsbooks. Players won a total of $550.6m wagering on sports in Arizona in September.

Adjusted gross event wagering receipts before free bets hit $59.7m. This was up 8.2% from September 2022 and almost double the $30.9m reported in August. Online gross receipts amounted to $59.0m and retail just $473,199.

Arizona free bets exceed $27.0m in September

Free bets and promotional credits in September totalled $27.1m, almost all of which came from online operators.

After discounting these free bets, adjusted gross event wagering receipts hit $32.6m. This was 6.2% higher than September 2022 and also 52.3% ..

November 16, 2023

DraftKings smashes more Massachusetts sports betting records in October

DraftKings set new monthly records for sports betting handle and revenue in Massachusetts during October, while the Bay State’s overall market also grew month-on-month.

Players in Massachusetts spent a total of $571.8m (£461.5m/€527.6m) betting on sports in October, up 11.6% from $512.2m in September. It is also the second-highest monthly total since the state launched legal betting in March, just short of the $579.3m bet in April.

Online sports betting spend in October reached $555.7m, with retail wagers at $16.0m.

Massachusetts just misses out on revenue record

Turning to taxable sports betting revenue, this also increased month-on-month following the rise in handle.

Total market revenue amounted to $59.2m, up 18.9% from $49.8m in September. This was also just 3.0% shy of the $61.0m record set in May.

Online betting generated $58.2m in total revenue, with retail’s contribution in October at $979,329.

DraftKings revenue exceeds $300m in October

Breaking down the market by oper..

November 15, 2023

FanDuel and Genius Sports launch NFL BetVision streaming solution

FanDuel Group and Genius Sports have further expanded their existing partnership with the launch of a new streaming solution, NFL BetVision.

Focused on the National Football League (NFL), FanDuel and Genius say NFL BetVision is designed to improve the live betting experience.

Incorporating BetVision into the FanDuel Sportsbook will allow fans to watch select NFL games inside the app. FanDuel will also be able to add other features such as integrated odds, real-game stats and graphic overlays.

In addition, Genius will continue to provide FanDuel with access to NFL Next Gen Stats (NGS) and the league’s official sports betting data feed. Genius is the exclusive distributor of the NFL’s official league data.

Genius building on early BetVision success

The launch of NFL BetVision comes after Genius unveiled the original BetVision solution in September. BetVision was initially available on the Caesars and Fanatics Sportsbooks, with it now expanded to FanDuel as an NFL offering.

Since B..

November 15, 2023

ESPN Bet launches across 17 US states

ESPN Bet, the newly branded online sportsbook operated by Penn Entertainment, has now officially gone live across 17 states in the US.

Players can now place bets with the sportsbook on the ESPN Bet app and website in states including Arizona, New Jersey, Pennsylvania, Massachusetts, Illinois and Ohio.

ESPN Bet is the product of Penn’s $1.5bn (£1.2bn/€1.4bn) partnership with Disney-owned ESPN, the largest sports media brand in the US.

As per the agreement, Penn will operate ESPN Bet while ESPN promotes the app across its online and broadcast platforms.

The launch details

ESPN Bet is a rebranding of existing sports betting app, Barstool Sportsbook. In August, Penn said it sold Barstool Sports back to its founder Dave Portnoy for $1.

“We are excited to announce that we plan to simultaneously launch ESPN Bet across the 17 states in which we operate online sports betting, subject to final approvals,” said Penn CEO Jay Snowden, commenting on Penn’s Q3 results.

“This strategic allia..

November 14, 2023

Forging a new path in daily fantasy sports

Amid rapid expansion in all forms of online gambling, one company is attempting to blaze a new trail. Rourke Struthers, CEO of GameBlazers, is carving out a new corner of the daily fantasy sports (DFS) industry, writes Cole Rush.

“It’s a gamified approach to fantasy sports,” Struthers says of GameBlazers. The DFS platform currently offers NFL contests.

Participants receive packs of items – football players – with multipliers. A star running back might come with a 1.3x multiplier, for example. GameBlazers team owners can then use their items to field a roster of players within the salary cap.

The novel approach must contend with existing competition in the DFS space and the proliferation of online sportsbooks and casinos. Struthers says GameBlazers is more than up for the challenge.

“So many of the dollars in this industry have gone to the gambling side,” he says. “But look at video games in general and it’s a bigger category. We wanted to take that underlying concept and iterate on..

November 14, 2023

Australia lower house passes credit card gambling ban bill

The Australia House of Representatives, the lower house of the country’s parliament, has passed a bill that would introduce a blanket ban on using credit cards for online gambling.

The Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 was submitted in September. It seeks to ban credit cards and other credit-related products, as well as digital currencies.

Introducing the bill has led to significant debate in parliament, with several amendments being filed to alter the bill. However, these were ultimately unsuccessful and the bill passed today (14 November) with support from both major parties in Australia.

The bill will now move forward to the Senate, the upper house of parliament in Australia, for further debate.

Breaking down the credit card bill

Aside from the ban on credit products, the bill includes a host of other measures that would come into effect.

These include heavy fines for operators that do not enforce the ban. Licensees in Australia could face..

November 14, 2023

Iowa sports betting handle hits 21-month high in October

Sports betting handle in Iowa reached its highest monthly total in almost two years during October, while revenue in the Hawkeye State also hit a 12-month high.

Players in Iowa spent $255.3m (£207.6m/€238.5m) betting on sports in October. This was up 6.9% from $238.8m in October 2022 and 3.9% ahead of $245.8m in September this year.

The total was also the most spent since a record $303.3m was bet in January 2022, some 21 months ago.

Of all bets placed in October, $231.8m were online and $23.5m at retail sportsbooks across Iowa.

Turning to sports betting revenue in Iowa, this amounted to $24.2m in October. This was up 26.7% from $19.1m last year and marginally higher than $24.1m in September this year.

In addition, the October revenue total was the highest monthly amount since $25.4m was generated in September 2022.

Out in front in Iowa with Diamond Jo Dubuque

Diamond Jo Dubuque and partner FanDuel retained their grip on Iowa’s market in October. Revenue from the partnership tot..

November 14, 2023

Indiana posts year-on-year sports betting decline in October

Sports betting handle and revenue in Indiana both fell year-on-year in October, although the US state did report month-on-month growth.

Player spending on betting in October amounted to $429.7m (£349.9m/€401.6m). This was 3.7% less than $446.2m in Indiana last year but 6.3% ahead of $404.1m in September 2023.

With the 2023 NFL season now in full swing, it was little surprise that football drew the most bets. Some $153.3m was wagered on football in Indiana in October.

Indiana players also spent $142.3m on parlay bets, as well as $38.3m on basketball betting, $27.4m baseball and $68.0m across other sports.

Turning to taxable adjusted gross revenue, this declined 3.6% from $46.9m in October 2022 to $45.2m this year. The monthly total, however, was 10.0% higher than September’s $41.1m.

Ameristar Casino and DraftKings lead in Indiana… just

As was the case in September, Ameristar Casino and DraftKings remained the frontrunners in Indiana in October. The partnership generated $17.8m fro..

November 13, 2023

ESPN BET launch: everything you need to know

Like any Disney fairytale, we’re ready for the hero to dash in and save the day. So, what kind of fairytale do we have concocted for tomorrow’s (14 November) ESPN BET launch?

First up, let’s do some background.

ESPN BET launch: has Penn Met its sports betting match?

We all know Penn Entertainment was billed as one of the pandemic success stories. At the time, few investors thought it had a big part to play in our Disney fairytale with its acquisition of Barstool Sports.

However, unlike our Disney tale of true love, Barstool and Penn was just never meant to be.

At the start of 2023, Penn sold Barstool back to Dave Portnoy for a single paltry dollar. This was mere months after completing the $500 million purchase. A poisoned apple, some might say.

Instead, enter the prince of our tale – Disney-owned ESPN.

This where our tale of true love begins and the story of ESPN BET.

A match made in heaven for ESPN and Penn

Following ESPN’s $1.5bn licensing partnership with Penn Entertainme..

November 13, 2023

Kansas sets new sports betting handle and revenue records in October

Kansas broke its sports betting handle record for the second straight month in October, with players wagering $249.7m (£203.9m/€233.8m), while revenue also reached a new high.

The monthly handle beat the previous record of $219.3m in September by 13.9%. It was also 31.5% ahead of $189.9m in Kansas in October 2022.

Of all wagers placed in Kansas during the month, $240.9m were with online operators and $8.8m at retail sportsbooks.

As for revenue, this amounted to $14.4m across online and retail, representing a new record for Kansas.

In total, some $13.1m of revenue came from online betting and $1.2m retail.

Boot Hill Casino and DraftKings lead online in Kansas

Boot Hill Casino and DraftKings remain the clear online leaders in the Kansas market. The partnership generated $6.3m in online revenue from $114.3m in bets.

Kansas Star Casino and FanDuel followed with revenue of $4.8m off $67.4m. Kansas Crossing Casino and BetMGM complete the top three with $1.6m in revenue and a $20.8m h..

November 13, 2023

New York sets US-first with $2bn online sports betting handle in October

New York in October became the first US state to process over $2.00bn (£1.64bn/€1.87bn) in online sports bets during a single month, while revenue also hit a new high in the market.

Players in New York wagered a total of $2.01bn online and via mobile in October. This is the highest ever for a state in the US offering legal sports betting to consumers.

The October total was 30.5% ahead of $1.54bn reported in the same month of last year. This figure was also 14.2% up from $1.76bn in September this year.

Monthly revenue in New York also reached a new high of $166.3m. This was marginally up from the previous record of $165.5m set in September and 14.1% higher than $145.7m last year. Mobile betting has been available in New York since January 2022.

FanDuel remains the market leader in New York

Turning to individual operators, Flutter Entertainment-owned FanDuel continues to lead the New York market. In October, Flutter posted $83.1m in revenue from $891.9m in internet-based wagers.

Dr..

November 10, 2023

IGT enters Puerto Rico online sports betting market with Ponce Plaza

International Game Technology (IGT) has partnered with Ponce Plaza Hotel & Casino to launch online and retail sports betting in Puerto Rico.

Under the technology and services agreement, IGT will use its PlaySports solutions to power the Ponce Plaza sports betting offering. Ponce Plaza is located in the city of Ponce on the Puerto Rico southern coast.

IGT and Ponce Plaza will jointly launch Puerto Rico’s first casino brand-led retail and mobile sportsbook. Sports betting will be delivered as ‘PlayBets by Ponce Plaza’.

The agreement expands on an existing partnership between the two parties. IGT has been providing gaming equipment to Puerto Rico’s Ponce Plaza for a number of years.

“Ponce Plaza Hotel & Casino has been serving the local community since 2008,” Ponce Plaza general manager Ramon Muñoz said. “We could not be prouder to be the first casino operator in Puerto Rico to run and operate its own sportsbook and to give sports fans an amazing betting experience backed by a local ..

April 2024
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