Sports betting Archives

July 18, 2022

Gambet is a “failed operation”, DC councilmember says

A council meeting in Washington DC has branded Gambet as a “failed operation” after the sports betting monopoly has failed to bring in its projected revenue.

At a meeting on July 13, DC council chairperson Kenyan McDuffie said that Gambet’s issues were present from the time of launch.

“Since its launch in 2020, DC’s sports wagering program has experienced repeated operational challenges,” said McDuffie. “The challenges directly contributed to delays in getting retail locations up and running, as well as the inability to generate a robust customer base for the district’s mobile app, Gambet DC.”

Read the full story on iGB North America.

July 18, 2022

High school Spire Institute among Ohio betting licence applicants

A number of new organisations have applied for Ohio sports betting licences, including Bet365 and Tipico as online providers, and high school Spire Institute – alongside a number of professional sports teams – for a proprietor licence.

Spire Institute is an Ohio sports-focused high school, with its athletic programs attracting top recruits including basketball star LaMelo Ball. The organisation also offers a general sporting development programs and operates sporting complexes on its grounds, outside of its presence as a high school.

Under Ohio’s sports betting laws, sporting organisations or land-based gaming venues may offer betting in the state, partnering with online operators for an online product.

It has partnered with Out the Gate, a startup sports betting operator that says it uses an in-house trading solution and plans to accept “all action” with lined that “lead the market on US sports”. Out the Gate is led by Christopher Kape and Robbie Manis, formerly of data provider Do..

July 18, 2022

Diversifying content in the live betting market

The concept of making betting content live and accessible has seeped into every aspect of the betting world, creating opportunities for operators to expand into esports, live casino games and more.

Conleth Byrne, product director at live content supplier Sports Information Services (SIS), speaks to iGB about how the company has assessed the live betting market- and where it could go to next.

In the live betting content market, standing out is key. Byrne sees diversification as the best way to set SIS apart from its competitors.

“We’ve made great progress over the last few years at continuing to diversify our business,” he says. “We have substantially grown our operator partner base internationally.”

At the core of this is SIS’ offerings- including its compact solutions, which focus on different forms of live betting content.

“It’s our 24/7 end-to-end solution that differentiates us,” says Byrne. “We can provide everything the operator needs and we have 24/7 market-leading raci..

July 18, 2022

Peru votes to legalise betting and igaming

Peru's Congress has voted to legalise online gambling and sports betting in the country, establishing a new regulated framework for the sectors.

The approval came on 15 July, after a parliamentary debate. A law to approve the verticals received 91 votes in favour, and zero opposing votes.

The new law will become the responsibility of the Ministry of Foreign Trade and Tourism of Peru (Mincetur), the country’s foreign trade body, which will also regulate its enactment in Peru.

The gaming tax will be set at 12% of each operator’s tax base – which is net income minus maintenance costs – and will be collected monthly.

Maintenance taxes will be 2% of an operator’s monthly income.

Sunat, Peru’s tax body, administers the tax.

Operators with the appropriate licence will be allowed to offer bonuses for online gaming, as long as the bonuses cannot be exchanged for money.

For sports betting, operators must display a warning message on all platforms, which reads, “excessive online sport..

July 15, 2022

Genius to distribute NCAA data in new partnership with Scorebreak

Sports technology business ScoreBreak has announced a new partnership with data distributor Genius Sports covering collegiate sports data, soon after the business became the official supplier of data from the National Collegiate Athletic Association (NCAA).

ScoreBreak operates a video synchronisation engine that will work in tandem with Genius’s official statistics, allowing customers to access the stat-driven video content from any internet-connected device.

ScoreBreak COO Wes Sims emphasised the value the service would provide to sports professionals in a statement.

“As we continue to introduce ScoreBreak to new and exciting sports verticals, we look to identify signature partnerships to help push our product to the next level,” said Sims.

“We believe that matching ScoreBreak with Genius Sports will provide an unmatched experience for coaches and athletes, putting us on a path to equip every athletic program in the country with the tools and insights they need to win in real-time..

July 15, 2022

Detroit casino revenue down 8.8% YoY in June

The three commercial casinos in Detroit, Michigan, posted $98.6m (£83.4m/€98.2m) in total revenue during June, an 8.8% drop on the same month last year.

Revenue from the MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown was down from $108.1m in June 2021 and also 9.3% lower than $108.7m in May of this year.

MGM retained top spot in the Michigan city with a 49% share of the market, ahead of MotorCity on 34% and Greektown with 17%.

Breaking down the monthly performance, table games and slots were responsible for $98.2m of all revenue for the month, but this was 7.2% lower than in June of last year.

MGM led this area of the market with $48.3m in revenue, up by 4.3% year-on-year. However, revenue at MotorCity was down 9.8% to $33.5m, while Greektown’s revenue dropped 26.6% to $16.4m.

The three casinos paid $8.0m in gaming taxes, as well as $11.7m worth of wagering taxes and development agreement payments to the City of Detroit.

Turning to retail sp..

July 15, 2022

GLMS files 287 suspicious betting alerts in Q2

The Global Lottery Monitoring System (GLMS) sent out 287 suspicious betting alerts and notifications to members during the second quarter of 2022, the majority of which were related to football.

Some 226 of the alerts raised during the three months to 30 June, were created before a match started, while 44 alerts were triggered after the end of events and 17 during play.

The GLMS said 185 alerts were ‘green notifications’, which refers to an alert based on suspicious odds movements that later could be explained away.

A further 82 were mid-level amber alerts and 14 code red, which relate to the most serious alerts such as specific allegations of match-fixing. The remaining 33 alerts were classed in the ‘others’ category and included requests for information from members and partners.

Football was by far the sport of most concern during Q2, accounting for 252 of all alerts, some way ahead of esports on 14 alerts, 13 for basketball, four for ice hockey, tennis with two and one each for..

July 14, 2022

May was second-best month ever for US commercial gaming

The American Gaming Association (AGA) has reported that US commercial gaming revenue came to $5.03bn (£4.25bn/€5.02bn) in May, the second highest month in industry history.

This was a rise of 7.9% from May 2021, in the earlier stages of recovery from the Covid-19 pandemic.

Slots continued to generate the most gross gaming revenue (GGR) overall, at $2.94bn, down just 0.1% year-on-year.

GGR from table games amounted to $873.9m, a rise of 10.5% year-on-year, while sports betting revenue came to $487.5m- up significantly by 78.2%.

Online gaming revenue also grew, by 30.9% to $406.4m.

For the year to date, total GGR is $24.39bn, up 20.6% from the same period in 2021.

Slots revenue for the year so far increased by 11% to $14.08bn and table games revenue grew by 38.2% to $4.05bn.

Sports betting revenue for the year to date jumped by 73.5% to $2.64bn. Online gaming GGR also grew significantly to $2.03bn, up by 45.6%.

The AGA also noted that March, April and May have been the three mos..

July 13, 2022

BallyBet launches in New York six months after initial approvals

Bally’s has launched its mobile betting product in New York, six months after the market launched and almost nine months after being announced as one of its nine licensees.

The operator was one of nine approved to launch through the state’s tender process, after the state approved two bids which each included a group of operators. The first operators in the state were approved to launch in January, with others following in February.

However, amid competitive marketing and the state’s 51% tax rate, Bally’s chair Soo Kim said the business was waiting until things looked more favourable before it would launch.

Now, though, the business has officially started taking bets in the empire state via its BallyBet sportsbook, powered by the Bet.Works platform it agreed to acquire in 2020.

“We are live and taking bets in the big apple on all the major sports,” Bally’s said. “NY-area sports bettors can now download our app on Android or iOS and start wagering today.”

New York is the sixth stat..

July 13, 2022

Sportradar announces tech and content partnership with Turkish Basketball

Sports data business Sportradar has announced a new multi-year tech and content agreement with the Turkish Basketball Federation (TBF).

Services included in the deal include data collection; a fraud detection system, and the installation of motion-based AI video capture camera technology.

This will be distributed across a number of TBF leagues in 27 venues in the country; betting video content and data will be distributed both domestically and internationally by Sportradar.

The agreement comprises the first-tier Turkish Basketball Super League (BSL), second-tier Turkish Basketball First League (TBL), as well as all cup competitions, which includes the Presidential Cup.

Sportradar head of sport content and partnerships EMEA, Jan Pomme, commented on the deal: “We are delighted to partner with the TBF to deliver advanced data, analytics and technology solutions to further grow the sport of basketball in Turkey and drive new commercial opportunities by introducing Turkish basketball t..

July 13, 2022

IBIA reports 88 suspicious betting alerts in Q2

The International Betting Integrity Association (IBIA) reported 88 suspicious betting alerts in the second quarter, with football the sport of most concern.

Football was responsible for 32 alerts during Q2, ahead of tennis with 27, horse racing on 12 and eight for table tennis. A further four alerts were related to esports, three for basketball and one each for handball and greyhound racing.

The total number of suspicious betting alerts was up significantly from 38 in Q2 of last year.

In terms of location, events in Europe generated the highest number of alerts with a total of 46, with 18 of these for football and 12 for tennis.

The highest number of alerts were registered in Poland, with six alerts being reported in the quarter, all of which were related to table tennis. Denmark placed second with five alerts, all for tennis.

Elsewhere, 18 alerts were raised in Asia, all of which were related to suspicious betting on football. Mongolia topped the list here with four alerts, ahead..

July 13, 2022

Indiana sports betting handle and revenue slip to year-lows in June

The Indiana Gaming Commission (IGC) has revealed monthly sports wagering revenue and handle both fell to year-lows in June.

Player spending on betting in June amounted to $256.3m (£215.4m/€255.4m), up 4.1% from $246.3m in June 2021 but 16.9% lower than $308.4m in May of this year.

Baseball drew the most bets during the month, with consumers wagering $84.6m, while a further $36.4m was spent on basketball betting and $886,991 on soccer. Some $64.4m was attributed to parlay betting and $68.9m other sports.

In terms of taxable adjusted gross revenue from sports betting, this reached $15.8m in June, down 37,8% from $25.4m in June last year and also 48.5% lower than $30.7m in May this year.

FanDuel partner Blue Chip Casino remained the market leaders with $5.5m in revenue from $79.7m in bets, ahead of DraftKings-partnered Ameristar Casino with $3.5m in revenue and a handle of $72.6m.

Belterra Casino and its FanDuel-operated sportsbook followed with revenue of $3.2m off a handle of $33.9..

December 2024
Mon	Tue	Wed	Thu	Fri	Sat	Sun
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28	29
30	31

Tag: Sports betting