Sports betting Archives

July 5, 2023

Azartia Games secures Portuguese licences

Azartia Games, the company behind the Golden Park brand, has secured two new online gambling licences in Portugal.

The licences will enable Azartia Games to offer online sports betting and games of chance in the country. Azartia will operate via the Goldenpark.pt website.

Both licences were issued by national regulator Comissão de Jogos do Turismo de Portugal (SRIJ).

Azartia joins a host of other brands in securing approval to offer online gambling in Portugal. Other licensed operators include 888, Betway, Bwin, PokerStars and Betclic.

Another approved operator is Casino Solverde, which this week had its licence renewed.

Casino Solverde can continue to offer online sports betting to players in Portugal, as well as a range of casino games.

The casino games available at Casino Solverde include slots, blackjack and French roulette.

Market growth

The news comes after SRIJ last month announced growth in Portugal’s online betting and gaming market in Q1.

Gross gaming revenue (GGR)..

July 4, 2023

Ohio’s sports betting tax rate doubles to 20%

Ohio governor, Mike DeWine, has raised the state’s sports betting tax rate to 20% in his 2024-25 executive budget.

This means that all licensed sports betting operators in the state will have to pay double the initial agreed tax of 10% on sports betting revenue from 2024 onward.

DeWine is set to sign the raise into the budget this week.

Read the full story on iGB North America

July 3, 2023

Arizona handle slips 16.9% month-on-month on April

Sports betting handle in Arizona fell month-on-month during April, although the $535.7m wagered by players was up year-on-year.

The monthly handle was 4.5% ahead of $512.9m in April 2022 but 16.9% less than $644.8m in March of this year.

Of this total, $531.2m was spent betting on sports online, while just $3.7m was wagered at retail sportsbooks across the state.

Consumers won $486.5m from betting, leaving $48.0m in adjusted gross event wagering revenue before free bets. This was 64.4% ahead of $29.2m last year but 10.1% behind $53.4m in March this year.

Read the full story on iGB North America

June 30, 2023

Industry bodies to release women’s sports study at iGB Live

The International Betting Integrity Association (IBIA), All-In Diversity Project (AIDP), Entain, Flutter and Stats Perform are set to unveil the results of a new study on women's sports at iGB Live this year.

The 2023 edition of iGB Live will take place from 12-14 July in the RAI, Amsterdam.

The study is entitled Breaking Barriers: Assessing Women’s Sports Growth, Betting Trends and Integrity Challenges. It was conducted by the German Sport University Cologne.

The results will be presented by Henry Steinfeldt, professor at the German Sport University Cologne on 12 July at the event. This will then be followed by a discussion with Vasileios Bountzouklis, commercial manager of betting at Stats Perform and Silvia Paleari, director of public affairs at IBIA, which will be chaired by Christina Thakor-Rankin, co-founder of the AIDP.

The study examines economic developments across five women’s sports – soccer, cricket, tennis, basketball and volleyball. It also looks at betting trend..

June 30, 2023

RI sports betting handle slips to 10-month low in May

Consumer spending on sports wagering in Rhode Island fell to its lowest total in 10 months during May.

Players bet $30.8m on sports, down 25.1% from $41.1m in May 2022 and 17.9% less than $37.5m in April this year. This was also the lowest amount since $27.7m was bet during August last year.

Some $22.4m was wagered online, while $8.4m was spent betting at retail sportsbooks. The latter was split $4.8m at Twin River and $3.5m at the Tiverton Casino.

Revenue for the month amounted to $3.9m, up 69.6% from $2.3m last year and 30.0% more than $3.0m in April 2023.

Read the full story on iGB North America

June 30, 2023

CFL signs FanDuel as first authorised gaming partner

Flutter Entertainment-owned FanDuel Group has entered a partnership with the Canadian Football League (CFL).

Under the deal, FanDuel will become the league’s first authorised gaming operator and an official sportsbook partner.

Consumers in Ontario will be able to place bets on the CFL through FanDuel. The operator secured a licence in the province ahead of it launching its legal sports betting market last April.

Betting market include in-game player props, such as anytime touchdown scorer and a range of various futures bets.

Read the full story on iGB North America

June 30, 2023

NFL suspends more players for breaching betting rules

The National Football League (NFL) has suspended another four players for breaching rules on betting.

Isaiah Rodgers and Rashod Berry, both of the Indianapolis Colts, were suspended until at least the end of the 2023 season. Free agent Demetrius Taylor was also banned for the entire 2023 campaign.

All three players were found to have placed wagers on NFL games during the 2022 season. They can petition for reinstatement at the end of the upcoming 2023 campaign.

Meanwhile, Nicholas Petit-Frere of the Tennessee Titans was handed a six-game suspension for betting on non-NFL sports at the club facility.

Read the full story on iGB North America

June 29, 2023

Nevada gambling revenue reaches $1.29bn in May

Gambling revenue in Nevada in May amounted to $1.29bn, a slight decline on the previous year but a month-on-month increase of 11.2%.

Revenue in the state was 0.8% lower than $1.30bn in May 2022 but ahead of the $1.16bn generated in April this year.

Slots remained by far the primary source of revenue for operators, drawing $877.9m worth of revenue, up 0.9% year-on-year. Multi-denomination slots accounted for $501.3m of this total, with penny slots generating $285.9m.

Revenue from table, counter and card games slipped 4.4% to $411.2m, with declines across almost all gambling types.

Read the full story on iGB North America

June 29, 2023

Epic and Entain to educate MLS players on gambling harm

Epic Risk Management and the Entain Foundation US charitable arm of Entain have linked up on a new initiative to educate Major League Soccer (MLS) players about gambling harm.

Under the deal, Epic and Entain will work with the Major League Soccer Players Association (MLSPA), the collective bargaining representative for MLS players.

The three-year programme will include customised gambling harm education and awareness programmes and advisory resources.

Epic will deliver gambling harm prevention education and awareness workshops. It will also make prevention resources, advisory resources and content available to the entire MLSPA membership.

Read the full story on iGB North America

June 29, 2023

Playing the field with Stefano Vaccarino

Stefano Vaccarino may be FTN Network’s chief operating officer and chief marketing officer, but he first joined the gambling industry via Twitter, as he tells Cole Rush.

But before entering the field of sports betting, he was in a totally different line of work altogether.

“I was working as a medical biller and coder,” Vaccarino says. “A pretty boring 9-5. I always loved sports; I studied sports management in college.”

During Vaccarino’s college years, daily fantasy sports (DFS) was making its way to the mainstream.

“I decided to create a Twitter account and start posting NBA picks and plays during my lunch break or whenever I could spare a minute.”

The Twitter account was anonymous, and it soon gained marginal traction. “Nothing huge,” he says. “Maybe a few thousand followers.”

Then a former classmate started following the anonymous account. Vaccarino messaged the friend and they reconnected. This rekindled connection led to a new job opportunity in the sports betting space.

St..

June 28, 2023

BetMakers concludes 10% share buy-back

Racing data and analytics provider BetMakers Technology Group said that it has now concluded its buy-back of 10% of the business' shares.

The buy-back – which began on 12 July 2022 – saw BetMakers repurchase 30,626,884 shares using the business’ cash reserves. Following the announcement, the provider’s shares rose 13%.

The news comes in the aftermath of BetMakers making a number of changes to its senior management team.

In January, the business announced a restructuring which saw CEO Todd Buckingham step down to take on the newly created position of chief growth officer.

BetMakers North American CEO Christian Stuart also announced his exit from the business in April as part of the organisational restructure.

The news came as BetMakers warned that it was facing negative growth in Q2 due to its outstanding investment commitments.

This trend continued in the company’s Q3 report. In the financial quarter the business saw continued cost pressures keeping the business at a loss, ..

June 27, 2023

IBIA expands membership network with OlyBet

The International Betting Integrity Association (IBIA) has revealed OlyBet, the sports betting brand of Olympic Entertainment Group (OEG), as its latest member.

OlyBet will feed into IBIA’s betting integrity monitoring and alert network, working alongside licensed operators from around the world.

Active across the Baltic region, OlyBet joins almost 50 businesses and more than 120 sports betting brands in the IBIA network.

“Protecting the integrity of sports and defending sports betting against corruption and criminal activities are two sides of the same coin,” OEG and OlyBet chairman and CEO, Corey Plummer, said.

“Together with other responsible and regulated betting operators and through a trusted and professional party such as IBIA, we can take further steps to protect sports and sports betting.”

The IBIA CEO, Khalid Ali, added: “OlyBet brings knowledge and experience of the sports betting market, notably in the Baltic region. We intend to work closely with Olybet to harness th..

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Tag: Sports betting