Online sports betting Archives

August 23, 2023

Michigan online gambling revenue tops $176m in July

Combined online sports betting and casino revenue in Michigan increased 18.8% year-on-year to $176.1m (£138.8m/€162.7m) in July, while the state also reported a month-on-month rise.

Gross receipts were comfortably ahead of $148.2m in July 2022 and also 4.0% more than $169.3m in June this year. The total also halted three consecutive months of decline in Michigan.

Online casino gaming gross receipts reached $153.6m in July, up 21.3% on last year and 1.7% ahead of June’s total.

Gross sports betting receipts were 4.2% higher year-on-year at $22.5m and 23.0% more than in June. This was despite handle falling 10.8% from $225.0m in July 2022 to $200.8m, with spend also 11.9% lower than in June.

July adjusted gross receipts up 17.8%

In terms of adjusted gross receipts, which account for promotional spending, Michigan also reported growth.

Combined igaming and sports betting adjusted gross receipts amounted to $154.6m. This was 17.8% ahead of last year and 5.8% higher than June’s total…

August 23, 2023

Sportradar scores betting data deal with US Soccer

Sportradar has entered into a global partnership with US Soccer, the national governing body for the sport, covering exclusive rights to betting data and content distribution.

Under the deal, Sportradar becomes US Soccer’s official betting data partner. Sportradar will have exclusive rights to collect, licence and distribute the federation’s official betting and media data.

The agreement enables Sportradar to provide the data to its global network of more than 900 regulated betting operators.

Sportradar also takes exclusive distribution rights for the live AV streaming of US Soccer competitions for betting purposes. This will only be available outside of the US.

The deal covers more than 111 matches per year across US men’s and women’s national team competitions.

Sportradar and US Soccer will also collaborate on the development of bespoke data-driven solutions. This is with the aim of deepening existing fan relationships, attracting and engaging new supporters and increasing oppo..

August 23, 2023

Kentucky approves online and retail sports betting licences

The Kentucky Horse Racing Commission (KHRC) has voted to approve sports betting licences for a number of online and retail operators, ahead of the state opening its legal market next month.

Temporary licences cover up to one year of operation in Kentucky, with holders to be continuously reviewed during the period. Licences were approved for sports wagering operators and service providers at a meeting yesterday (22 August).

Kentucky is due to launch regulated retail sports wagering on 7 September, with online to follow on 28 September. Pre-registration for online accounts will open next week.

The initial seven online operators that applied earlier this month all secured a service provider licence. Bet365, BetMGM, Caesars, Circa, DraftKings, FanDuel and Penn Sports Interactive all picked up licences.

Fanatics, which did not appear on the original list, was also approved to launch online sports betting in Kentucky. In addition, the KHRC issued a service provider licence to Kambi, alt..

August 22, 2023

Commission-free exchange Novig raises $6.4m in pre-seed round

Commission-free sports betting exchange Novig has raised $6.4m (£5.0m/€5.9m) in a pre-seed funding round from a number of well-known tech investors.

New York-based firm Lux Capital led the investment round into Novig, with participation from several prominent Silicon Valley venture capitalists.

These include famous start-up accelerator Y Combinator, the inventor of the Lisp programming language Paul Graham and Dropbox co-founder Arash Ferdowsi. Also investing is former San Francisco 49ers quarterback Joe Montana.

Novig CEO Jacob Fortinsky said the business was “honoured” to have the support of the tech investors.

novig ceo jacob fortinsky

“Our vision is clear: to reshape the sports betting landscape that has long favoured exploitation over innovation and to usher in an era of integrity, transparency and empowerment,” he added. “Together, we’re rewriting the rules and putting the power back in the hands of bettors.”

Novig plans October launch date

Novig completed the investment r..

August 22, 2023

College betting lands Fox Bet with $80,000 New Jersey penalty

New Jersey’s Division of Gaming Enforcement (DGE) has ordered Fox Bet to pay an $80,000 fine (£62,592/€73,371) for accepting bets on college basketball games taking place in the state.

The DGE filed several complaints against Fox Bet, the sports betting joint venture between Flutter Entertainment and Fox Corporation, for violating the ban on betting on college teams based in the state.

Offences stretch back to 2021, starting with the NCAA basketball game between New Jersey’s Rutgers University and Northwestern University on 13 February 2021. Markets on another game featuring Monmouth University in November that year were also spotted by the regulator.

Fox Bet then admitted two further breaches, for games involving Fairleigh Dickinson and Seton Hall University, in December 2021 and January 2022 respectively.

This amounts to a breach of the New Jersey Casino Control Act, DGE executive director David Rebuck said, ordering the business to pay $80,000 to settle the case.

News of the..

August 22, 2023

How will ESPN Bet carve out its place in the industry?

The stakes are high for ESPN's long-awaited foray into sports betting. Vice president of sports betting Mike Morrison believes the broadcasting behemoth will upend the established industry order.

“There was an inevitability about this,” ESPN’s Mike Morrison says of the sports giant’s move into betting.

Partnering Penn Entertainment to launch ESPN Bet brought years of speculation – and the operator’s partnership with Barstool Sports – to a close. This was momentous at every level.

First, the announcement came as a surprise. Penn’s sportsbook now connects with a vast audience, potentially catapulting the operator’s interactive business to the top tier of operators.

To the general news connoisseur, beloved multimedia behemoth the Walt Disney Company – owner of ESPN – entered the sports betting race.

ESPN Bet: A deal five years in the making

Sports betting is a natural extension for ESPN and speculation over deals with DraftKings and Caesars Entertainment was rife.

Morrison say..

August 22, 2023

Kentucky opens online betting pre-registration as launch nears

Players in Kentucky can pre-register for online sports wagering from 28 August, ahead of the regulated market launching next month.

Kentucky’s governor, Andy Beshear, announced the initiative in his approved timetable for the rollout of legal betting.

Retail betting is going live on 7 September, with online following on 28 September. Next week’s pre-registration launch means players can sign up for an account a month ahead of the online market opening.

“The countdown is on; we are just three weeks away from sports wagering in Kentucky,” Beshear said. “We are ready to deliver the quality entertainment experience Kentuckians asked for. We’ll also bring in money to support pensions and free up funds to build a better Kentucky.”

Vote due on Kentucky licence applications

The announcement comes as the Kentucky Horse Racing Commission (KHRC) meets later today (22 August) to vote on licence applications.

Earlier this month, Bet365, FanDuel, BetMGM, Caesars, Circa, DraftKings and Penn Spo..

August 21, 2023

Australia launches national self-exclusion register BetStop

The Australian government has today (21 August) announced the launch of the country’s new national self-exclusion register, BetStop.

Players can self-exclude from gambling for a minimum of three months and for as long as their lifetime. BetStop covers all licensed interactive wagering service providers in Australia, including online and telephone-based operators.

Operators must block self-excluded players from opening account and cannot accept any bets from these customers. Licensees must also ensure they do not send any marketing materials to those on the register.

In addition, operators are required to promote BetStop including on their websites and apps, as well as in marketing material sent to customers.

BetStop completes National Consumer Protection Framework for Online Wagering

The launch of BetStop has been a long time coming, with plans to launch a register announced in June 2022. Today’s launch is in line with a timetable set out by the government last month.

BetStop m..

August 18, 2023

Pennsylvania gambling revenue up 8.9% to $467m in July

Gambling revenue in Pennsylvania increased 8.9% year-on-year to $467.0m in July, driven by growth across the igaming and sports betting segments.

Monthly revenue in Pennsylvania was ahead of $429.1m in July 2022 and 6.0% higher than $440.5m in June this year.

Retail slots remained the primary source of revenue by some margin, generating a total of $214.7m during the month. This was 0.4% higher than in the previous month. In contrast, retail table games revenue slipped 3.8% to $83.4m.

Turning to igaming and revenue in this market increased by 34.8% year-on-year to $132.9m. This included $94.9m in online slots revenue, up 31.9%, and $35.4m in internet table games revenue, a rise of 48.0%.

Hollywood Casino at Penn National continued to lead this segment with $54.4m in igaming revenue. Valley Forge Casino Resort placed a distant second on $29.2m, then Rivers Casino Philadelphia with $26.8m.

Pennsylvania July sports betting revenue hits $32.1m

Elsewhere, there was also an increase in ..

August 18, 2023

Washington DC sports betting handle slumps to $7.7m in July

Player spending on sports wagering in Washington DC declined 31.9% year-on-year to $7.7m in July, although gross gaming revenue was higher.

Monthly handle was some way behind the $11.3m wagered in July 2022. The figure was also 31.3% less than $11.2m in June of this year.

However, there was better news in terms of gross gaming revenue. In July, revenue in DC hit $1.4m, up 16.7% from $1.2m last year and 188.3% ahead of June’s $484,672 total.

Gambet back on top in DC

Gambet, run by the DC Lottery and powered by Intralot, reclaimed top spot in the market in July. The brand posted $486,970 in revenue from $3.1m in total wagers.

Caesars Entertainment, which led the market in June, placed second with betting revenue of $435,049 and a $2.7m handle.

BetMGM was next with $318,222 from $1.2m in bets, then Grand Central Bar, partnered with Elys Game Technology, on $137,458 off $329,694.

FanDuel, which operates a retail sportsbook at Audi Field, posted revenue of $17,790 from a handle of $3..

August 18, 2023

Caesars extends online racebook to New York

Caesars Entertainment has announced the launch of its mobile horse racing wagering app and website in the state of New York.

The Caesars Racebook product offers New York consumers access to pari-mutuel wagering on races from more than 300 tracks worldwide.

Caesars Racebook is also integrated with the Caesars Rewards loyalty programme. Players earn points for each wager placed and can exchange these credits for experiences at any Caesars location across the US and Canada.

The New York launch follows successful rollouts of the racebook in a number of other states. These include California, Colorado, Florida, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Montana, North Dakota, Ohio, Oregon, Pennsylvania, Washington and Wyoming.

Caesars said plans are in place to also launch the racebook product in more states across the US.

Joint effort in New York with NYRA Bets

“Building on the popularity of our Caesars Sportsbook app, we are thrilled to launch Caesars Racebook..

August 18, 2023

LiveScore Bet backs Women’s World Cup to reach new heights

The Lionesses are in the final and, for LiveScore Bet, betting on the Women’s World Cup has enjoyed exponential growth. The women’s game is now as much of a component of the app as the Premier League, says sportsbook director James McKay.

Making a like-for-like comparison on Women’s World Cup betting is particularly tricky for LiveScore Bet. The 2019 tournament in France took place almost two years before LiveScore Group added its namesake betting product to its ecosystem, alongside its sports media app.

It was up and running for last summer’s European Championships, where the Lionesses triumphed over Germany in the final. That victory, sportsbook director James McKay explains, played a huge role in bringing a wider audience in the UK.

“The audience is there even if the England team hadn’t made the knockout stages in Australia and New Zealand,” McKay says.

the lionesses’ euros victory increased the Women’s world cup audience in the UK, says LiveScore Bet’s james McKay

Following..

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