Online sports betting Archives

March 3, 2023

Ballers Sportsbook partners Sportradar to launch sports betting in Puerto Rico

Newly established Puerto Rican sports betting operator Ballers Sportsbook has announced plans to go live in the unimported US territory through a new partnership with Sportradar.

Under the multi-year agreement, Sportradar will supply Ballers with its Orako sportsbook solution, with Ballers planning to fully integrate this with R Franco Digital Player Account Management technology to allow for omnichannel betting.

Ballers customers will have access to Sportradar’s betting portfolio, enabling them place a range of bets such as parlays, in-game wagering, teasers, futures and player props across their favourite sports.

Read the full story on iGB North America

March 1, 2023

Better Collective signs media partnership with Goal

Denmark-based affiliate Better Collective has announced a global media partnership with Goal, the online football brand, to create sports betting content.

The deal will see Better Collective running the sports betting section of Goal across all the brand’s domains, which is featured in English, Spanish and Portuguese.

Better Collective will also provide Goal with sports betting content, as well as technology and data insights.

Jesper Søgaard, Better Collective CEO and co-founder, said that the deal is the start of bigger things to come from the affiliate.

“Partnering with such a well-recognised and renowned media like Goal perfectly aligns with our media partnership strategy and our overall strategy of becoming the leading digital sports media group,” said Søgaard. “There is no doubt in my mind that we will be able to benefit from each other’s expertise.”

Goal is owned by FootballCo, which operates other sports brands including Mundial, Spox and Voetbalzone.

James Lamon, Football..

February 27, 2023

First ilottery and online sports betting solution launched in Brazil

NeoGames and Intralot do Brasil have announced the launch of LotoMinas, the first regulated ilottery and online sports betting solution for Brazilian state Minas Gerais' official lottery, Loteria Mineira.

The multiyear turnkey agreement, which was first announced in June, sees NeoGames enter the Brazilian market, in a project that will involve long-term cooperation with the state’s lottery operator.

The undertaking is NeoGames’ first large scheme led by its subsidiaries with Aspire Global and BtoBet – companies that the business acquired last year.

neogames will provide ilottery and online sports betting services to the lottery operator

NeoGames CEO Moti Malul said the organisation was “excited” to launch in the Brazilian market and to be partnering with Intralot do Brasil, which is more familiar with the local market than the Israel-based supplier.

“Together we will provide online lottery and sports betting players in Minas Gerais with a first-class online gaming experience..

February 27, 2023

DC sports betting market continues to decline in January

Sports betting handle and revenue in Washington DC fell month-on-month again in January, while the market also experienced a year-on-year decline.

Player spending in January amounted to $18.5m, down 0.5% from $18.6m last year and also 1.1% lower than $18.7m in December 2022.

Gross gaming revenue for the month reached $1.5m, a 25.0% drop from $2.0m in January of 2022 and 37.5% behind $2.4m in December.

Read the full story on iGB North America

February 27, 2023

New Hampshire smashes sports betting revenue record in January

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.

Read the full story on iGB North America

February 23, 2023

Louisiana online betting handle reaches record $245.2m in January

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.

Read the full story on iGB North America

February 23, 2023

Waterhouse VC: The US wagering experience

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..

February 22, 2023

Caesars Sportsbook app goes live in Massachusetts

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.

Read the full story on iGB North America

February 22, 2023

Betsson launches Betsafe in Ontario following licence approvals

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.

Read the full story on iGB North America

February 22, 2023

Michigan breaks igaming record for fourth consecutive month in January

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.

Read the full story on iGB North America

February 20, 2023

Italy’s sports betting revenue dipped in the lead-up to the Fifa World Cup

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..

February 17, 2023

Penn Entertainment completes acquisition of Barstool Sports

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.

Read the full story on iGB North America

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Tag: Online sports betting