Sports betting Archives

April 5, 2023

Entain acquires sports media business 365scores

Entain has completed the acquisition of the entire issued share capital in sports media business 365scores.

Under the agreement, Entain will pay approximately $150.0m (£120.1m/€137.0m) to take ownership of the business, in addition to contingent payments of up to $10.0m.

With a global audience of over 15 million active users, 365scores provides scores and sports information, editorial and social content and a range of sports-focused free-to-play games.

Entain said the combination of 365scores’ expertise in data-driven sports media content alongside its own global scale and platform capabilities will provide customers with a broader offering of interactive content and experiences.

The group added that the acquisition would help to unlock further growth opportunities and supports its global strategic ambitions.

Jason Scott resignation

Confirmation of the deal comes after it was announced earlier this week that Jason Scott had left his role as vice-president of trading, VIP and re..

April 4, 2023

Colorado sports betting handle hits $425.1m in February

Players in Colorado spent a total of $425.1m betting on sports during February, a decline on the same month in the previous year and also down from January this year.

Betting handle for the month was 3.5% below the $440.5m wagered during February of last year and 22.3% lower than $547.2m in January 2023.

Of this total, $421.6m was wagered on sports online, with the remaining $3.5m attributed to betting at retail sportsbooks across Colorado.

Read the full story on iGB North America

April 3, 2023

Kentucky governor signs sports betting bill into law

Kentucky’s Democrat governor, Andy Beshear, has signed into law a bill that will legalise sports betting in the Bluegrass State.

House Bill 551 will make nine racetracks eligible to offer on-site retail sports betting, while each track will also be able to partner with up to three online operators, meaning up to 27 licences may be issued by the Kentucky Horse Racing Commission (KHRC).

The bill also establishes a two-tier system to taxation, with online operators to be taxed at 14.25% of gross gambling revenue, compared to the 9.75% imposed on the retail offerings.

Read the full story on iGB North America

March 31, 2023

Kentucky sports betting bill heads to governor’s desk

House Bill 551 – which would authorise sports wagering in the Bluegrass State – is heading to Governor Andy Beshear’s desk after clearing the Senate just hours before the deadline.

Beshear, a Democrat, has stated his intention to sign the bill, meaning that the outlook looks optimistic for legalised sports betting in Kentucky.

Lawmakers approved the legislation 26-12, with a 23-vote threshold for passage. The two-thirds majority requirement is a result of state rules regarding revenue generating laws being passed in a session not devoted to the budget.

There is a long tradition of horse racing in Kentucky

“After years of urging lawmakers to legalise sports betting, we finally did it! Today’s result shows that hard work pays off,” said Beshear on Twitter. “Kentuckians will soon be able to place their bets here and, for the first time, we are going to keep those dollars to support our roads and bridges, schools and communities.”

Read the full story on iGB North America

March 30, 2023

Paysafe enters Massachusetts market

UK-based payments platform Paysafe expands into the Massachusetts mobile sports-betting market.

This announcement makes Massachusetts the the 26th US state in which Paysafe offers its solutions to operators.

With this expansion also comes the extension of multiple partnerships which the payment supplier has with US operators.

DraftKings and Paysafe have a 10-year partnership spanning 21 states, which will continue in the Bay State. Additionally, the payment supplier’s 11-year, 21-state partnership with Caesars Entertainment will also remain.

Zak Cutler, president of global gaming at Paysafe, commented on his enthusiasm towards the expansion: “We’re excited to expand into Massachusetts, my home state and an important milestone in the evolution of the US igaming industry, with its passionate sports culture and pivotal industry role in the development of daily fantasy sports and now sports betting.

“We’re also proud to extend our longstanding relationships with several major spo..

March 30, 2023

12Bet integrates Betradar as new sportsbook provider

Online gambling operator 12Bet has announced Betradar, the sports betting data division of Sportradar, as its new sportsbook provider.

Under the arrangement, 12Bet customers will have access to a range of sportsbook services from Betradar including betting options on the Indian Premier League (IPL) cricket competition.

12Bet will also work with Betradar to run a number of special promotions for the IPL, with users having the opportunity to win a range of prizes.

Licensed and regulated by the Philippine Amusement and Gaming Corporation (Pagcor), 12Bet also offers online casino, keno, lottery and other igaming options. The operator celebrates its 15th anniversary this year.

“We are thrilled to announce our partnership with Betradar as our new sportsbook provider. Our aim has always been to provide the best possible experience to our beloved members,” a 12Bet spokesperson said. “With Betradar’s expertise, we have enhanced our offerings and are positive to provide an unparalleled exper..

March 29, 2023

DraftKings launches DK Horse app in 12 states

DraftKings has announced that its horseracing product, DK Horse, has officially launched in 12 states – and is set to launch in several more before the Kentucky Derby begins on 6 May.

Players in Colorado, Florida, Indiana, Kentucky, Massachusetts, Minnesota, Montana, Oregon, Virginia, Washington, West Virginia and Wyoming will now be able to access the DK Horse app.

The app allows players to partake in pari-mutuel wagering on horse racing. Wagers can be placed on a number of renowned horse races, including Churchill Downs products such as Oaks and Derby.

Read the full story on iGB North America

March 29, 2023

Arizona players wager $591.2m on sports in January

Consumers in Arizona spent $591.2m betting on sports during January, a 4.9% increase on the previous year.

The amount wagered in January was ahead of $563.7m in the same month last year and also 3.3% up on the $752.5m that was bet in December 2022.

Players bet a total of $585.4m on mobile and $4.8m at retail sportsbooks across the state.

Read the full story at iGB North America

March 29, 2023

Italy’s igaming revenue dominated by casino and slots in December

Italy's igaming revenue continued its slow decline, even with casino and slots experiencing a big increase at the end of 2022.

Italy’s igaming revenue experienced a subtle decline, with December’s revenue of €315.8m showing a 2% decrease compared to the previous month. Despite this, there was a 1.2% increase year-on-year, indicating a stable increase in the industry.

Both retail sports betting and online sports were reflected in this decline, but the remaining products picked up from the previous month.

The stand out of the sectors was casino & slots, which witnessed an impressive 17% increase by reaching €206.1m revenue in December, compared to its €176.1m revenue in November.

In terms of market share, casino & slots dominated with the largest increase in market share, and online sports betting lost almost a third of its market share from November. Meanwhile, Lottomatica/Goldbet maintained its position as the leader in the online casino industry with a 12.4% market share, wh..

March 29, 2023

British Columbia Lottery Corporation joins ULIS

United Lotteries for Integrity in Sports (ULIS), the organisation formerly known as the Global Lottery Monitoring System (GLMS), has announced the British Columbia Lottery Corporation (BCLC) as its latest member.

As part of the ULIS membership network, BCLC will support the group and its work with sports governing bodies, law enforcement agencies, public authorities and other stakeholders to combat sports competitions manipulations around the world.

BCLC becomes the third Canadian provincial lottery organisation to join ULIS, alongside Loto Québec and Ontario Lottery and Gaming.

Read the full story on iGB North America

March 28, 2023

Rhode Island sports betting revenue level in February

Revenue from sports betting in Rhode Island remained level year-on-year in February, while the state reported only a marginal increase in handle.

Wagering revenue for the month amounted to $3.6m, equalling the amount generated in the same month last year, but down 30.8% from $5.2m in January of this year.

Online betting accounted for $2.0m of revenue in February, while combined retail revenue from Twin River and Tiverton Casino reached $1.6m. Twin River retail revenue hit $1.9m, while Tiverton Casino posted $420,795 for the month.

Read the full story on iGB North America

March 28, 2023

RSI and Connecticut Lottery to wind down sports betting partnership

Rush Street Interactive (RSI) and the Connecticut Lottery Corporation (CLC) have announced a joint plan to wind down their online and in-person sports betting partnership in the state.

Under the arrangement, RSI will continue to operate sports betting in Connecticut on behalf of the CLC until a replacement is selected, with the CLC to issue a request for proposals in the coming days.

Wagers placed on PlaySugarHouse.com or at any of the nine Connecticut retail locations will remain valid and all wins will continue to be paid out appropriately, with RSI saying it will work with the CLC to minimise any disruptions to players or business partners.

Read the full story on iGB North America

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Tag: Sports betting