Online sports betting Archives

April 25, 2023

Spain sanctions 20 operators over illegal gambling in H2

Spanish regulator Dirección General de Ordenación del Juego (DGOJ) sanctioned 20 online operators over illegal gambling activities in the second half of 2022, imposing more than €35.0m (£31.0m/$38.6m) in fines in the process.

According to the ministry of consumer affairs, 20 operators were contacted about “serious or very serious infractions” across online betting and gambling during the six-month period, in relation to breaches of Regulación del Juego (LRJ) gambling law.

Of the operators contacted, seven were flagged for “very serious” infractions and banned from offering online gambling in the country for a period of two years. Each operator was also fined €5.0m, with these penalties totalling €35.0m in H2.

The DGOJ also detected “serious” violations across the other 13 operators, issuing financial penalties that amounted to €560,000.

Nine of these violations were related to a failure to comply with rules on advertising and marketing gambling in Spain, with each operator fined ..

April 20, 2023

New Hampshire sets sports betting handle record in March

Consumers in New Hampshire spent a record $103.4m betting on sports in March, beating the previous monthly high set back in January 2022.

The monthly handle was 3.9% ahead of the existing record of $99.5m, as well as 31.2% up from $78.8m in March 2022 and 18.9% ahead of the $87.0m spent in February this year.

Players wagered $93.4m online as well as $10.0m at retail sportsbooks across the state.

Read the full story on iGB North America

April 20, 2023

Record igaming revenue drives growth in Michigan in March

Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.

Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.

Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.

Read the full story on iGB North America

April 19, 2023

MA online sports betting handle hits $548.1m in first three weeks

Players wagered a total of $548.1m during the opening three weeks of legal online sports betting in Massachusetts, while licensed operators generated $46.7m in revenue.

The US state opened its regulated market on 10 March, with the inaugural online wagering report published this week by the Massachusetts Gaming Commission (MGC) covering the three-week period from this date, through to 31 March.

DraftKings proved the most popular operator among consumers, drawing $257.6m in bets in the opening weeks, ahead of FanDuel on $181.1m and BetMGM with $45.3m.

To read the full story visit iGB North America

April 19, 2023

Pennsylvania gambling revenue exceeds $500m for the first time in March

Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.

Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.

Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.

To read the full story visit iGB North America

April 18, 2023

Kindred approved to launch proprietary platform in New Jersey

Kindred Group has secured final approval from the New Jersey's Division of Gaming Enforcement to launch its proprietary gaming platform in the US state.

The roll-out, Kindred said, would improve flexibility and performance through a richer set of analytics and data, as well as give Unibet customers in New Jersey an enhanced experience where products and content can be better tailored.

Kindred added that the new platform would cater for its wider, safer gambling approach in accordance with local needs and requirements.

To read the full story visit iGB North America

April 14, 2023

Tonybet seals multi-year Canadian Premier League partnership

The Canadian Premier League (CPL) has announced that Tonybet will be its official sports betting and online casino partner.

The multi-year partnership makes Tonybet the presenting partner of CPL’s Match of the Week broadcast on OneSoccer.

Mark Noonan, the commissioner of the CPL, expressed his excitement at signing up Tonybet as a sponsor.

“We look forward to working with them on experiences that engage our fans and enhance what it means to be a supporter of the CPL and Canadian soccer in general,” he said.

Additionally, the company will become the presenting partner of the CPL’s Predictor contest.

Alex Haig, country manager for Canada at Tonybet, added that the company is “delighted to get behind the CPL and to take our brand to a growing and passionate fan base”.

He added: “With the CPL being one of the fastest-growing leagues in Canada, Tonybet is excited to build and enhance the fan experience.”

The exact length of the multi-year deal has not been disclosed.

April 14, 2023

Episode 15: A win in Kentucky, plus Texas, North Carolina and more

Last week the World Series of Politics asked where all the regulatory wins were in the 2023 legislative session, and, around a day after it went live, Kentucky sports betting was signed into law.

As Brendan Bussmann says, gaming tends to be the last issue for lawmakers to consider in the session and this year is no different. Earlier in the session Kentucky looked like a “sleeper state”, Brandt Iden says, making it a great win for the session.

Kentucky sports betting’s passage was “a classic case of bipartisanship”, he adds, with the governor, Republicans and Democrats coming together to make it happen.

Missouri and North Carolina sports betting set for photo finish?

Next up is North Carolina, a state with tribal sports betting already live, where a bill to expand the market is working its way through the legislature.

Brendan is increasingly bullish on the Tar Heel State. He says attitudes on gaming are changing as more southern states look at legislation, with more efforts to..

April 13, 2023

Iowa sports betting revenue up despite handle dip in March

Iowa’s sports betting revenue increased year-on-year in March, despite the US state posting a slight decline in monthly handle.

Player spending on sports wagering in March across online and retail amounted to $232.6m, down marginally from $233.5m in March 2022. However, this figure was 20.0% higher than the $193.9m bet by consumers in February this year.

Of this total, $209.0m was wagered with online sportsbooks, while the remaining $23.6m was spent at retail locations.

To read the full story visit iGB North America

April 13, 2023

Indiana sports betting handle declines in March

Consumer spending on sports betting in Indiana fell year-on-year in March, although the state was able to report an increase in revenue.

Wagering handle for the month amounted to $433.0m, down 9.1% from $476.8m in March 2022 but 21.5% higher than $356.2m in February of this year.

Basketball remained by far the most popular sport among bettors, drawing $224.3m in total wagers for the month. Players also spent $71.7m on baseball betting, $1.6m on football and $71.7m on other sports, as well as $127.9m on parlay bets.

To read the full story visit iGB North America

April 12, 2023

New York online sports wagers reach $16.40bn in FY22

Consumers in New York spent $16.40bn betting on sports online during the first full financial year of regulation in the US state, while revenue for the period reached $1.46bn.

New York opened its legal online sports betting market in January last year and the state’s 2022 financial year ran from April 2022 through to the end of March this year.

During the opening year, Flutter Entertainment-owned FanDuel Group led the market with $756.0m in gross gaming revenue from $6.82bn in total wagers.

Read the full story on iGB North America

April 6, 2023

Kambi agrees deal extension with BetPlay operator

Sports betting supplier Kambi Group announced an extension of its sportsbook deal with Colombian BetPlay operator Corredor Empresarial SA.

The deal is the second renewal of the initial agreement that the two parties first signed in 2017, since which BetPlay has become the Colombian market leader.

The provider said that the Latin American has become a “key market” for the supplier, with BetPlay utilising a number of Kambi’s technology and services, including its Bet Builder product.

“We are pleased to agree a long-term extension to our successful partnership with Corredor Empresarial, providing its customers with next generation betting entertainment,” said Kambi CEO and co-founder Kristian Nylén.

“The Latin American market continues to hold great promise for Kambi and we look forward to aiding Corredor Empresarial as it expands across the region with Kambi’s cutting-edge complete sportsbook.”

As part of the renewal contract, the provider will continue to power BetPlay’s sportsbook..

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Tag: Online sports betting