Sports wagering revenue reached an all-time high in New Hampshire in January, while player spending fell just short of the state’s monthly record.
Gross gaming revenue for January amounted to $12.3m, a year-on-year rise of 53.8% from January 2022 and also 47.7% higher than in December of last year.
The January figure surpassed the existing monthly record of $9.1m that was set in October 2022.
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Consumers in Louisiana wagered a record $245.2m on sports in January, although revenue in the market declined month-on-month.
The total spent by players was 505.4% up from $40.5m in January 2022, although the state’s legal online betting market only opened towards the end of that month.
The monthly handle was also 12.1% higher than in December 2022 and 4.9% ahead of the previous record of $233.7m set in November.
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In his latest column, Tom Waterhouse of Waterhouse VC discusses the wagering experience in the US, as well as how Flutter is integrating itself into the states.
On a recent trip to the US, we spoke with many US bettors who are incredibly frustrated with both the US online wagering experience and the US taxation system (regarding the treatment of winnings).
Due to KYC/AML requirements, it is very cumbersome to set up and fund an online betting account. We do not envision this changing any time soon – if anything, this initial barrier to entry is likely to become more challenging for consumers.
Furthermore, according to the IRS’ website, wagering winnings are fully taxable and a bettor must report winnings as income on their tax return. Gambling spans lotteries, raffles, horse races, online sports betting and igaming, and land-based sports betting and casinos.
An operator is required to issue bettors with a “Form W-2G, Certain Gambling Winnings” if they receive certain gambling winni..
Caesars Entertainment has announced that the Caesars Sportsbook app is live in Massachusetts from today (22 February), in anticipation of the launch of online sports betting in the state.
On 31 January, retail sports betting became legal in the state of Massachusetts. However, online sports betting is not expected to go live until next month.
In advance of the March launch, the Caesars Sportsbook app has been made available to download. From today, bettors can register and make deposits in order to access early sign-up offers.
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Betsson has announced the launch of its Betsafe brand in Ontario after it secured approval for operator and supplier licences in the Canadian province.
The B2C Betsafe offering in Ontario will include online casino and sports betting, with the brand to run on the Strive Gaming platform, which is part-owned by Betsson.
Players in the province will be able to gamble with Betsafe via native mobile apps and on the ot.betsafe.com local website.
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Michigan reported $187.3m in internet gaming revenue for January, a decrease of 7.1% from December, while also reporting record online gaming gross receipts for the fourth consecutive month.
The internet gaming revenue consists of combined online gaming and sports betting revenues for the month.
December’s total revenue was $201.6m.
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Italy's igaming revenue in November dipped slightly to €322.5m in the lead-up to the Fifa World Cup, down from October’s revenue of €331.1m.
Since pushing past the €300m barrier in September 2022, Italy’s igaming revenue has remained relatively stable. Although November’s revenue of €322.5m does represent a 2.6% decline month-on-month, this is still a 6.0% increase year-on-year. The decline was mostly consistent across all verticals, although sports betting’s decline of 4.3% was the biggest drop for November, with revenue of €126.3m.
However, online sports betting still fared better than retail sports betting, which suffered a decline of 16.4% month-on-month, which is a decrease in revenue from €88.6m in October to €74.1m in November.
In contrast to the betting figures, casino revenues only dropped by 2.1% from €180.0m to €176.1m.
The market shares of online casino operators by GGR remained relatively stable in November, with Eurobet being the biggest mover as it was unable to..
Omnichannel gaming operator Penn Entertainment has completed its acquisition of media business Barstool Sports.
The closing of the deal is the latest stage of an acquisition process that began in February 2020, when Penn purchased a 36% stake in Barstool.
Today (17 February), Penn revealed that it has paid approximately $388m (£322.5m/€363m) for the remaining interest in the business, having exercised its option to acquire in August 2022.
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Sports data business Genius Sports has agreed to a new data distribution and fan engagement partnership with minor football league XFL.
As part of the deal, XFL has granted Genius exclusive rights to distribute official data from all XFL games to its media and betting partnerships.
As such, Genius Sports is now XFL’s official betting data distribution partner and free-to-play provider.
Genius Sports’ executive vice-president, Sean Conroy, said that having a comprehensive data policy is an important part of a sports organisation’s financial success.
“For every sports league, an official data strategy that drives both new revenues and fan engagement levels is vitally important,” he said. “We’re thrilled to partner with the XFL, connecting their games with the media and betting sectors while creating meaningful fan interactions through the bespoke XFL Pick’Em solution.”
genius argued that a data strategy is vital to the success of a sporting league
XFL Pick’Em
The deal also saw G..
DraftKings has raised its 2023 revenue guidance to $2.95bn (£2.47bn/€2.77bn), up from $2.90bn, after experiencing “better than expected” sportsbook results – among other successes – in the fourth quarter of 2022.
DraftKings CEO and co-founder Jason Robins pointed to a double effort of increased revenue and reduced costs as reasons for the Q4 growth, along with the sportsbook results.
Revenue for the quarter was $855m in total, a rise of 81% year-on-year.
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France's national lottery operator Française des Jeux (FDJ) reported full-year 2022 revenue of €2.46bn (£2.18bn/$2.62bn), up by 9.1% compared to 2021, as lottery ticked up by 11%.
Stéphane Pallez, chairwoman and CEO of FDJ Group, said that the full-year results were indicative of growth across the business as a whole, as well as a steady balance of retail and online betting activity.
“FDJ recorded very strong results for the year as a whole, marked by an increase in all of our business activities and supported by significant growth in our 30,000 points of sale and sustained momentum online,” said Pallez.
“This good performance benefits all our stakeholders, in particular our employees,
our retailers and our shareholders.”
This growth was seen across the board. Lottery revenue rose by 10.9% year-on-year to €1.91bn. Revenue from sports betting and online gaming activities came to €467m – up by 0.6%.
In addition, FDJ said that 6% of the total revenue for the year was generated ..
An existing partnership between Novo Interactive's AdmiralBet and German football club Hamburger SV – also known as HSV – has been extended until 30 June 2024.
AdmiralBet has been the exclusive sports betting partner of Hamburger SV since 2019.
As part of the extension, AdmiralBet will provide content to Hamburger SV’s digital channels, which will include its AdmiralBet series.
AdmiralBet branding will also be present on video and LED boards at Hamburger SV’s home stadium, Volkparkstadion.
Additionally, during the second half of the club’s season, AdmiralBet and Hamburger SV will operate the AdmiralBet numbers game, an interactive tool where fans can test their knowledge of Hamburger SV on match days and compete with friends.
“It is a great honour for us to continue to be a partner of HSV,” said Florian Hermann, director of marketing and operations at Novo Interactive. “The fans and the passion for football are our focus.
“We are underscoring this with the extension of t..
