Retail sports betting Archives

March 20, 2023

Massachusetts sports betting revenue reaches $2.0m in opening month

Sports betting revenue in Massachusetts amounted to $2.0m during the first full month of regulation in February.

The US state opened its legal sports betting market on 31 January with an initial three land-based operators going live: Encore Boston Harbor, MGM Springfield and Plainridge Park Casino.

Plainridge Park proved the most successful of the three operators with $890,555 in revenue for the opening month, just ahead or Encore Boston Harbor on $857,602. MGM Springfield generated $262,066 in sports betting revenue.

Read the full story on iGB North America

March 20, 2023

Louisiana online sports betting handle slips to seven-month low in February

Consumers in Louisiana spent $175.7m betting on sports online during February, the lowest monthly total since August 2022 and a year-on-year drop of 16.7%.

The total was down from $211.0m in February last year, the first full month of legal online sports betting in the US state, and also 28.3% lower than the record $245.2m wagered in January of this year.

However, revenue from online wagering reached $17.8m, up 6.7% from $16.7m in the same month last year, but 19.1% behind $22.0m in January 2023.

Read the full story on iGB North America

March 17, 2023

NJ gambling revenue up 10.4% year-on-year in February

Gambling revenue in New Jersey climbed 10.4% year-on-year during the month of February, with growth in almost all market sectors.

Revenue for the month amounted to $412.2m, according to the New Jersey Division of Gaming Enforcement. This was up from $373.3m in the same month in 2022 but 5.7% behind the $436.9m generated in January of this year.

Physical slot machines remained the core source of revenue in the state, with the $159.3m collected in February being 3.5% ahead of the previous year.

However, land-based table games revenue slipped 4.9% to $55.6m, although this was the only segment to experience a decline.

Read the full story on iGB North America

March 17, 2023

Playtech extends partnership with Betfred

Betfred and Playtech have expanded their partnership in a multi-year extension deal that sees Playtech products in Betfred shops.

The two businesses have a 12-year history of working together.

Included in the extension is an increase in the amount of Playtech Self Service Betting Terminals (SSBTs) in Betfred shops. Playtech reports that terminal numbers have grown by 50% in the previous two years and installing more will help meet customer demand for sports betting SSBTs.

Additionally, the terminals will also feature horse and dog racing for the first time.

“This new deal demonstrates the importance of our ongoing relationship with market leader Playtech,” Betfred group chief operating officer Mark Stebbings said. “The importance of betting terminals to our retail offering continues to increase, becoming an increasingly essential gaming component for our customers and, therefore, a crucial part of the future of our company.

“Looking ahead, there is scope for further development..

March 14, 2023

Arizona sports wagering handle reaches $572.5m in December

Consumers in Arizona spent $572.5m betting on sports in December of 2022, a year-on-year increase of 14.7%.

The monthly figure was comfortably higher than the $499.2m bet during the same month in 2021, but 7.2% behind the $616.9m wagered in November 2022.

Mobile betting accounted for $566.5m of all bets placed in December, while a further $5.0m was spent at retail sportsbooks in the state.

Read the full story on iGB North America

March 13, 2023

Indiana sports betting revenue rises in February despite handle decline

Adjusted gross revenue from sports wagering in Indiana increased year-on-year in February despite a drop in the US state’s handle.

Player spending on betting during the month amounted to $356.2m, which was 12.9% lower than $409.1m in February 2022 and also 16.6% behind the $427.2m wagered in January this year.

Basketball remained by far the most popular sport among consumers, drawing $166.0m in total wagers during February, some way ahead of football on $20.6m and baseball with just $441,296. A further $69.3m was spent on parlay bets and $99.6m on other sports.

Read the full story on iGB North America

March 8, 2023

New Brazil integrity body forms in wake of scandals

A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports integrity body, the Associação Brasileira de Defesa da Integridade do Esporte (ABRADIE).

The establishment of the new body follows a number of recent match-fixing scandals in the Portuguese-speaking country, which have led to a national conversation regarding its betting laws.

Involved in the creation of the association are Genius Sports, Entain, daily fantasy sports operator Rei Do Pitaco, as well as law firms Bichara e Motta and Maia Yoshiyasu Advogados, who released a joint statement following the group’s formation.

Luiz Felipe Maia from the Maia Yoshiyasu firm argued that the association was being formed at a “critical time,” due to the pressures of the growing Brazilian market and the ongoing question of regulation.

ABRADIE

ABRADIE states that it will operate as a collaborative group that will partner with regulators, federal and state la..

March 7, 2023

Duelling sports betting bills fail in Georgia

Two separate sports betting bills in Georgia have failed – in the state House and Senate.

This means that Georgia’s sports betting dream is dead until the 2024 Georgia legislative session at the earliest.

The Senate bill’s primary sponsor and Republican majority leader Bill Cowsert’s strategy was focused on amending the constitution of the state of Georgia to allow the legislature to pass laws.

The Senate effort aimed to amend Georgia’s constitution

In turn, this would have allowed for sports betting to be operated in the state.

Georgia currently prohibits the authorisation of gambling operations, with an enumerated exception for lotteries.

This bill – entitled Senate Resolution 140 – did not get the requisite two-thirds majority needed for an amendment of the state constitution, and so failed at 30-26 votes.

If the resolution had passed, sports betting would have appeared on the ballot by referendum in November 2024.

And while the amendments enabling legislation Senate Bill 17..

March 6, 2023

Kambi scores multi-channel sports betting deal with Wisconsin tribal operator

Sports betting technology supplier Kambi Group has agreed a new multi-channel sportsbook partnership with tribal operator Potawatomi Casinos & Hotels in Wisconsin.

Under the deal, Kambi will support Potawatomi Casino Hotel in Milwaukee with the opening of the first land-based sportsbook in the state. The new facility will feature 20 self-service kiosks, while additional kiosks will also open at the Carter Hotel & Casino in Carter.

Kambi’s full suite of sports betting technology and services will be available to customers for Potawatomi Casino Hotel’s initial retail sportsbook launch, with an on-premises mobile roll out, including live odds boards and Bring Your Own Device (BYOD) technology, to follow.

Read the full story on iGB North America

March 3, 2023

Colorado sports betting revenue edges up in January despite handle dip

Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.

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March 3, 2023

Rhode Island sets new sports betting handle record in January

Players in Rhode Island wagered a record $62.3m on sports in January, although revenue in the US state remained level year-on-year.

Consumer spending was 6.3% ahead of $58.6m in January of last year and 5.2% more than in December 2022, while the total surpassed the existing monthly record of $61.2m set in November 2022 by 1.8%.

Online betting accounted for $37.5m of all wagers placed during January, while retail spend was $24.8m, split $17.2m at Twin River and $7.7m the Tiverton Casino.

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