Retail sports betting Archives

August 25, 2023

Fanatics expands retail network with new Columbus sportsbook

Fanatics Betting and Gaming (FBG) has announced the opening of its latest retail sportsbook in the Arena District of Columbus, Ohio.

The venue is operating in partnership with National Hockey League franchise the Columbus Blue Jackets. The sportsbook is located near to the team’s Nationwide Arena home.

On-site facilities include four betting windows, 14 self-service betting kiosks, a giant LED video wall and 20 TV monitors. Customers can place bets on a range of major sports such as football, basketball, hockey and baseball.

“A great day to be a Buckeye at the Fanatics Sportsbook Columbus”

At a special opening event held yesterday (24 August), Ohio sports legends former NFL star Ryan Shazier and long-time Blue Jackets player RJ Umberger placed the ceremonial first bets at the new sportsbook.

The launch comes a month after FBG announced its partnership with the NHL team.

“It was a great day to be a Buckeye at the Fanatics Sportsbook Columbus,” FBG chief business officer Ari Borod ..

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

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

Fanatics partners Guardians to open first MLB ballpark sportsbook

Fanatics Betting and Gaming (FBG) has opened a new retail sportsbook at the Cleveland Guardians’ Progressive Field, its first facility at a Major League Baseball (MLB) ballpark.

The Fanatics sportsbook features two betting windows, four self-service betting kiosks and seven TV monitors. Consumers can bet on MLB games as well as other major sports such as hockey, basketball, baseball, tennis, soccer and golf.

Progressive Field is located in downtown Cleveland, Ohio, and has a capacity of more than 38,000.

“We’re very excited to partner with FBG to bring a retail sportsbook location outside Progressive Field,” Guardians’ vice-president of corporate and premium partnerships, Ted Baugh, said. “This will provide our fans a very convenient in-person option to place bets.”

Fanatics retail sportsbook complements online

The retail facility comes after FBG last week launched its online sportsbook in a number of states.

Fanatics’ online sportsbook is live in Maryland, Massachusetts and Tenn..

August 18, 2023

Mississippi sports betting revenue level at $2.5m in July

Sports betting revenue in Mississippi remained level year-on-year at $2.5m in July, despite a slight dip in player spending.

Revenue was in line with the $2.5m posted in July 2022 and 38.9% ahead of $2.5m in June this year.

In terms of handle, players wagered a total of $17.7m. This was down 3.3% from $18.3m last year but 13.2% behind $20.4m in June.

Coastal casinos drew $11.5m in bets during the month and posted $1.2m in total revenue.

A further $3.9m was spent at central casinos, with revenue at $896,790, while handle for northern casinos hit $2.3m and revenue $403,005.

Baseball remained the most popular sports among players in the state, drawing $9.6m in bets. Of this total, $6.8m was wagered at coastal casinos in Mississippi.

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 17, 2023

Arizona betting handle reaches $393m in June

Consumers in Arizona wagered $393.2m on sports in June, an increase on last year’s handle but another month-on-month decline in the state.

The June handle was 23.3% ahead of $318.8m in the same month last year but 12.0% behind $446.9m in Arizona in May 2023.

Some $390.3m was spent betting online, with just $2.3m wagered at retail sportsbooks in Arizona.

Players won $364.9m from sports betting, leaving $27.7m in adjusted gross event wagering revenue before free bets. This represented a 79.9% increase from $15.4m in 2023 but an 18.9% fall from $33.9m in May.

Online betting adjusted gross event wagering revenue before free bets amounted to $27.6m. In contrast, retail’s share reached just $31,060.

Free bets in Arizona hit $11.4m

When taking off $11.4m in free bets and promotional credits, adjusted gross revenue hit $16.4m. This was 113.0% up from $7.7m last year but less than half May’s $33.9m total.

Online betting drew $16.3m in adjusted revenue total, compared to $31,060 from reta..

August 17, 2023

New Jersey gambling revenue surpasses $500m in July

Gambling revenue in New Jersey exceeded $500.0m in July following year-on-year growth in almost all areas of the market.

Revenue for the month amounted to $506.2m. This was 5.3% up on last year and also 10.7% higher than New Jersey’s total in June of this year.

Land-based casino gambling drew $290.0m in revenue during the month, down 3.0% on July 2023. This was due to a 13.2% drop in table games revenue to $72.2m. In contrast, revenue from physical slot machines, the largest source of revenue in the state, edged up 0.9% to $217.8m.

Turning to online gambling and overall revenue in this segment was 13.5% higher year-on-year at $155.2m. Online slots revenue jumped 13.4% to $152.5m while peer-to-peer poker revenue was 18.5% higher at $2.7m.

Breaking down this market, Borgata moved into top spot with $43.0m. This was higher than Resorts Digital on $40.6m and Golden Nugget, which led the market in June, with $39.8m.

New Jersey sports betting revenue up over 35%

Looking at sports wager..

August 17, 2023

New Hampshire sports betting spend dips to $36.9m in July

Player spending on sports wagering in New Hampshire fell 13.6% year-on-year to $36.9m in July, while revenue also declined.

July’s handle in New Hampshire was down from $42.7m in July 2022 and also 6.1% lower than $39.3m in June this year.

Of this total, $33.4m was wagered online with DraftKings and $3.5m at retail sportsbooks. DraftKings has held the exclusive rights to offer sports betting online via the New Hampshire Lottery since November 2019.

Turning gross gaming revenue from wagering, this amounted to $3.5m. The July total was down 22.2% from $4.5m last year and 20.5% behind $4.m in June 2023.

Breaking down the monthly revenue performance, some $1.4m came from online betting with DraftKings. Retail sportsbooks generated just $179,994 in revenue.

In terms of tax, New Hampshire was able to generate $1.6m during the month.

New Hampshire betting revenue and handle up in FY23

July was the first month of the state’s new financial year. During fiscal year 2023, players spent a t..

August 16, 2023

Massachusetts sports betting handle dips below $300m in July

Player spending on sports betting in Massachusetts fell for the fourth consecutive month in July, while revenue was also down month-on-month.

Total handle for retail and online sports betting reached $294.9m. This was 11.3% less than $332.0m in June and the lowest monthly total since the launch of legal online betting in April.

It was also the first time that combined land-based and internet betting spend fell below $300.0m.

Online wagering accounted for $288.1m, down 10.9% month-on-month. Retail betting also fell 20.0% to $6.8m.

Handle dip leads to revenue decline

Taxable revenue from sports betting also declined in July. The combined total from retail and online wagering reached $29.4m, a drop of 8.7% from June’s $32.2m.

Of this total, $28.8m came from online betting, down 10.3%. The remaining $576,139 was generated by retail wagering, which was 274.3% higher than June.

Looking at individual operators, DraftKings remained the runaway online leader, posting $14.4m in revenue of..

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Tag: Retail sports betting