Online sports betting Archives

October 20, 2023

Superbook Sports launches online sportsbook in Virginia

Las Vegas-based sports wagering business SuperBook Sports has announced the launch of its online sportsbook product in Virginia.

Players in Virginia can download the SuperBook Sports app and place bets on a wide range of sports and competitions. The app is accompanied by a SuperBook Sports website.

Betting options include major US sports contests such as the NFL, NBA, MLB and NHL. Users can also bet on college sports and other leading events from around the world including soccer’s English Premier League.

“We couldn’t be happier with our continued growth,” SuperBook Sports CEO and managing partner Mark Lipparelli said. “We’re thrilled to be live in Virginia. We feel confident that we have a great product with a strong history that will become a fast favourite of sports bettors in the region.

“Sports fans in the region can find all their favourite teams and get in the action with some of the best sports traditions in the country.”

SuperBook Sports continues to expand in the US

Lau..

October 20, 2023

Red card for double standards

The Guardian recently reported on the bizarre scenario of football club owners in the UK being allowed to place bets on football matches… while their employees are banned from doing likewise. This raises a ton of questions, writes Jon Bruford. Like how? Why? And who knew?

The story, which emerged in late September, has seen the governing body (the Football Association, or FA) accused of double standards after hanging Brentford player and diagnosed gambling addict, Ivan Toney, out to dry. This followed breaches of the player code of conduct.

Ironically, Matthew Benham, owner of Brentford FC, was named as one of the gamblers. The story states: “Benham is one of a select few multimillionaire club owners who enjoy an opaque arrangement with the FA that allows them to be involved in betting. The Guardian has seen evidence that appears to show that Benham has made money from bets on football placed in his own name, via a UK-based gambling syndicate called MSPP Admin. Benham said he abides ..

October 19, 2023

Netherlands’ NGR up 85% in 2022

The Netherlands' licensed gaming market generated €3.4bn (£2.95bn/$3.59bn) in net gaming revenue (NGR) in 2022, according to a report from regulator Kansspelautoriteit (KSA).

The report is based on 2022 only, as it was the first full calendar year for the Netherlands’ online gambling market.

The country’s market officially opened in October 2021, following the passage and ratification of the much-delayed Remote Gambling Act (KOA). This month marks two years since the market became live. NGR comprises of deposits minus prizes paid out.

NGR for 2022 was up by 85.0% from €2.0bn in 2021. KSA noted that this was due to an increase in both online gambling and land-based play, particularly as Covid-19 pandemic restrictions lifted. Land-based venues were closed in the Netherlands until 25 January 2022, with restrictions still applying until 25 February 2022.

Spending on gambling and advertising

Online casino was one of the Netherlands’ smaller markets in 2022, behind lotteries and l..

October 19, 2023

ESPN Bet unveils brand

Penn Entertainment and Disney’s ESPN have unveiled the brand for their upcoming mobile sports betting offering, ESPN Bet.

ESPN Bet’s mint green and navy logo is to feature across the multiple ESPN channels, including in-app, on social media and in television programming.

The sports media company added the logo will give prominence to the “ESPN” brand. However, the mobile sportsbook application itself will be branded as the letter “E” within a “B”.

the espn mobile application brand

ESPN, which is the largest sports media brand in the US, said this “creatively expresses the idea that ESPN, in partnership with Penn Entertainment, is launching a sportsbook for fans, but at its core is still ESPN, the most trusted brand in sports.”

According to Penn president and CEO Jay Snowden, the app is set to launch in November after a five-month development period.

This followed the August announcement that Penn would be launching an ESPN-branded online sports betting offering through a $1.5bn ..

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..

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Tag: Online sports betting