Online sports betting Archives

October 19, 2023

North Carolina sports betting rules outline pick’em ban

The North Carolina State Lottery Commission's (NCSLC) Sports Betting Committee has published its proposed sports betting rules – which would include a ban on pick'em-style daily fantasy sports (DFS) games.

The state’s Sports Betting Committee instigated the rulemaking process on the proposed rules on 17 October. It also opened up a process to accept public comments on the rules, which will close on 1 November.

Sports betting was officially legalised in North Carolina after its governor, Roy Cooper, signed House Bill 347 into law in June. This came after a number of attempts to bring sports betting to the Tar Heel State, which had increased in the months leading up to the June signing.

The bill stipulated that North Carolina had to publish its sports betting regulations before 8 January 2024. The state must also authorise all sports betting operators to start taking wagers by 14 June 2024.

Now, North Carolina joins a number of recent states – including New York – in turnin..

October 17, 2023

G2E 2023: Like Covid never happened

The dog days of the pandemic feel long in the past and the gaming industry was in a bullish mood at G2E 2023, Buck Wargo writes. Despite potential economic headwinds, international expansion and high hopes for igaming mean many left Las Vegas with the sense the industry is in good health.

It was like the pandemic never happened.

The Global Gaming Expo returned to Las Vegas last week, upbeat and optimistic about igaming’s future.

The industry faces headwinds in the coming months from the US economy and a potential Culinary Union strike in Las Vegas, but attendees at the show remained positive.

G2E attracted more than 25,000 people over its four days, just shy of 2019’s record 27,000 turnout. Attendance continued to bounce back after 2020’s cancelled event and a 2021 edition that drew only 13,000 delegates.

A greater return of international visitors and exhibitors – more than 125 countries were represented – helped boost attendance numbers. There were 368 exhibitors, up from 350 a y..

October 17, 2023

New Jersey gambling revenue up 7.5% in September despite land-based dip

Gambling revenue in New Jersey increased by 7.5% year-on-year, to $521.5m in September, despite a fall in land-based casino revenue.

Total revenue was comfortably higher than $485.0m in September 2022. However, the figure was slightly lower than the $531.6m generated in New Jersey in August this year.

Land-based casino gambling remains the main source of revenue in New Jersey despite the yearly decline. Revenue for this segment hit $246.5m, down 2.1% from $251.7m last year.

Some $182.7m of all land-based gambling revenue came from slot machine games, a drop of 2.0%. Table games generated 63.8%, down 2.2% from September last year.

Igaming revenue tops $164m in September

Turning to igaming, this area of the market experienced the most growth in September. For the month, revenue amounted to $163.8m, an increase of 21.1% from last year’s $135.2m.

Online slots drew $161.4m in revenue, up 21.4% from the previous year. The other $2.4m was generated from peer-to-peer poker games in New J..

October 17, 2023

Massachusetts: DraftKings takes record $290m sports bets in September

DraftKings processed a record $290.1m in online sports bets in Massachusetts during September, while the state reported a month-on-month rise in total betting handle.

Overall sports betting hit $512.2m in September, up 62.7% from $314.9m in August. It is also the second highest monthly total since Massachusetts launched legal online wagering in March.

Online betting accounted for $499.7m of total wagering, while a further $12.4m was spent at retail sportsbooks.

Sports betting revenue just shy of $50m

An increase in spending in September also led to a rise in taxable sports betting revenue.

During the month, operators generated a total of $49.8m in wagering revenue, up 119.4% from $22.7m in August. Of this total, $49.0m came from online betting and $783,017 retail wagering.

Again, this was the second highest amount since the legal online betting market opened. Only May’s $59.4m is higher than the total generated in September.

DraftKings running away with Massachusetts online spor..

October 13, 2023

Kansas smashes sports betting handle record in September

Consumers in Kansas spent a total of $219.3m on sports betting during September, a new monthly record for the US state.

Kansas opened its legal sports betting market in September last year. Players bet $160.5m in the opening month, with this year’s figure 36.6% ahead year-on-year.

The September 2023 figure was also up 132.3% from $94.4m in August this year. In addition, it surpassed the previous record of $206.3m set in March this year by 6.3%.

Some $201.1m of all bets placed in September were done so online, while $18.2m was spent at retail sportsbooks.

As for revenue, this amounted to $8.1m in September. Revenue was up 523.1% from $1.3m in the same month last year and 68.8% ahead of $4.8m in August.

Online sports betting accounted for $7.6m of all revenue for the month, with retail’s share at $459,336.

Boot Hill Casino and DraftKings retain the lead in Kansas

Breaking down monthly performance, Boot Hill Casino and partner DraftKings continue to lead the online market. The par..

October 13, 2023

Indiana sports betting handle surpasses $400m in September

Players in Indiana spent more than $400.0m betting on sports during September, while operators were able to generate in excess of $41.0m in revenue.

Sports betting handle in Indiana reached $404.1m in September. This was 5.7% more than $382.5m last year and also 69.7% ahead of $238.1m in August this year.

The start of the new NFL season meant football was the most popular sport to wager on in September. Indiana bettors wagered a total of $155.4m in football during the month.

Baseball also proved popular with players, drawing $50.3m in bets, and basketball $10.4m. A further $124.8m was spent on parlay bets and $62.9m other sports.

As for taxable adjusted gross revenue, this amounted to $41.1m. This was 19.7% lower than $51.2m in September 2022 but 74.9% higher than $23.5m in August of this year.

Ameristar Casino and DraftKings edge ahead with sports betting in Indiana

Looking at individual operators, Ameristar Casino and DraftKings moved to the front of the state’s market in Septe..

October 13, 2023

Ontario igaming revenue more than doubles in Q2

Online gambling revenue in Ontario more than doubled year-on-year in Q2 to CA$540m (£324m/€375m/US$395m), while player spending in the Canadian province rocketed 132%.

Total igaming revenue in Ontario for the three months to 30 September was up 105% from $267m in Q2 of last year – the second full quarter since the regulated market opened in April 2022.

Of this total, $407m came from online casino activity in Ontario. A further $118m in revenue was generated from internet sports betting and $16m online poker. Revenue covers all cash wagers, rake fees, tournament fees and other fees, minus player winnings.

As for player spending, total igaming wagers in Q2 reached $14.20bn. This was significantly more than the $6.04bn spent during Q2 of last year.

Consumers spent $11.90bn on internet casino games, $1.90bn on sports betting and $397m online poker. Players spending does not include promotional wagers such as bonuses and free bets.

Ontario: an expanding igaming market

The figures, pub..

October 12, 2023

Elys launches new SportBet.com brand in US

Elys Game Technology has announced the launch of its new SportBet online and mobile sports betting brand in the US.

Focusing on the US market, the SportBet.com website will allow players to wager on a range of sports. The launch marks the first solo sports wagering launch by Elys in the US following a number of partnership ventures.

A roll-out of an online sportsbook was mooted earlier this year, with a launch planned in Q3.

It is not clear in which states and markets SportBet.com will be accessible. However Elys says, subject to regulatory approvals, it expects to expand its online sports betting footprint into multiple US jurisdictions. This will be done under direct licensing and through market access partnerships during Q4.

Elys expands US sports betting presence

Elys is already active with sports betting via partnerships in New Jersey and Washington DC. It has been powering the sportsbook at Ocean Casino in Atlantic City, New Jersey since March last year.

The business also j..

October 12, 2023

Best Bookies’ Price halts Australian service after ACMA warning

Best Bookies’ Price has ceased offering a betting odds comparison service in Australia after being issued a formal warning by the Australian Communications and Media Authority (ACMA) over unlicensed activities.

ACMA reprimanded Best Bookies after ruling its comparison service breached national gambling laws in Australia. Best Bookies allowed users to compare odds across licensed operators and place bets with those operators on their behalf.

This, ACMA says, met the definition of a “gambling service” in the Interactive Gambling Act 2001 (IGA).

Best Bookies has certain authorisations from the relevant state-based regulator. However, it does not hold the required wagering licence to provide interactive gambling services under the IGA.

ACMA ruled the Best Bookies service was offered in contravention of the IGA. As such, it was deemed an unlicensed regulated interactive gambling offering, leading to the warning.

“We strongly encourage people who wish to bet online to do so with a lice..

October 11, 2023

Episode 22: A home run for sports betting in Missouri?

On the 22nd episode of the World Series of Politics, Brendan Bussmann and Robin Harrison are joined by Mike Whittle, senior vice-president and general counsel of the St Louis Cardinals, to discuss the development of sports betting in Missouri.

Multiple attempts to legalise sports betting in Missouri have fallen flat over the years. Two of the most recent attempts involved Senate Bill 30 and House Bill 556, which progressed somewhat before being struck down or fizzling out.

But change could be on the horizon. The St Louis Cardinals is part of a coalition of professional sports teams in Missouri that filed new petitions last month to bring sports betting to the Show-Me state.

“We’ve been trying and using our best efforts to move this thing along in the legislative process for some time now,” says Whittle. “It was pretty much on the league level initially to push it in the early years.

The St Louis Cardinals, along with other professional sports teams, filed petitions in Missouri last..

October 11, 2023

NorthStar Gaming to expand reach across Canada

Ontario-based operator NorthStar Gaming is to expand the reach of its online casino and sportsbook across Canada.

Since launching in May 2022, the NorthStar Gaming offering has only been accessible in Ontario. However, this will now be available across all provinces and territories in Canada with the launch of NorthStarBets.com.

The launch is possible following the acquisition of Slapshot Media earlier this year. Slapshot Media delivers marketing and operational management services to sports betting and igaming operators.

As such, NorthStarBets.com is available through a wholly owned subsidiary of NorthStar acquired through the Slapshot Media deal.

NorthStar customers in Ontario can continue to access the platform through the NorthStarBets.ca website.

“We are thrilled to take this ground-breaking step and become a truly national brand,” NorthStar chair and CEO Michael Moskowitz said. “As a Canadian company, we are confident we understand local consumers better than the large inter..

October 10, 2023

Sportradar secures deal to power Taiwan Sports Lottery

Sportradar has secured a long-term contract to serve as the official technology and services solution provider to the Taiwan Sports Lottery.

The agreement runs from 2024 to 2033, with Sportradar being appointed as part of a wider consortium in Taiwan.

The consortium secured the third Sports Lottery Licence from the Taiwan government’s Sports Administration in December 2022. It also includes ADATA Technology as licence holder, Taiwan Sports Lottery Company as the operator and China Trust Bank.

Sportradar will roll out its Orako end-to-end sportsbook and player account management solution across over 2,600 retail outlets in Taiwan. Orako will also be implemented across online and mobile channels as part of an omnichannel approach.

Orako also includes managed trading services, pre-match and live data and odds, audio-visual streaming and marketing services.

The wider agreement covers the delivery of required equipment across all retail stores. This includes customised lottery termina..

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Tag: Online sports betting