Sports betting Archives

March 28, 2023

Mississippi governor signs sports betting study bill

Mississippi sports betting task force given all clear after governor Tate Reeves signed House Bill 606 into law.

The law – introduced by Republican representatives Casey Eure and Kevin Felsher – initially had a far more expansive goal of legalising mobile sports betting state-wide by allowing each of the state’s 26 land-based casinos to partner with an online sportsbook, but was significantly cut down in committee.

While in 2018 the state became one of the first in the country to legalise in-person sports betting following the Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA) – which paved the way for sports betting authorisation – mobile sports betting has faced a much slower route to completion.

In 2018, Mississippi became one of the first states to legalise in-person sports betting after the Supreme Court struck down PASPA

As of 2023, only one online operator – BetMGM – has launched their app in the state. Players can only access the applicat..

March 28, 2023

ULIS welcomes Lithuanian regulator as latest member

United Lotteries for Integrity in Sports (ULIS), the organisation formerly known as the Global Lottery Monitoring System (GLMS), has added the Lithuanian Gaming Control Authority (LGCA) to its membership network.

The LGCA has worked in partnership with ULIS since May 2018 via a cooperation agreement and will now officially become an associate member and to strengthen its cooperation with the organisation.

Membership will include exchange of information regarding suspicious sports and betting patterns among the wider ULIS network of partners.

“The two organisations share the same objectives, values, and commitment to tackle the phenomenon of match-fixing,” LGCA director Virginijus Dauksys said.

“The data and information we receive from ULIS, helps us to look carefully into the different sport events taking place in our country and it can be used as an important element of our investigations at the national level.”

ULIS announced it was to rebrand in October last year after members..

March 27, 2023

Vermont sports betting bill passes house

Vermont has inched closer to having legalised sports betting in the state, as an act relating to sports wagering passed in the state House.

House Bill 127 was introduced by Democratic representative Matt Birong as well as nine other house members (6D, 3R).

The act aims to authorise the state’s Department of Liquor and Lottery to operate sports betting through contracts with operators, as well as also granting the office regulatory authority over the activity.

If passed, a bidding process will be conducted for the state to approve qualified operators to enter the new market.

Under the bill at least two, but no more than six, operators can be contracted by the commissioner to operate an online sportsbook in the state.

Additionally, there are a number of regulations set out in the bill to ensure safe gambling practices are put in place. Among these is the creation of the Responsible Gaming Special Fund, which is to be used by the Department of Mental Health for problem gambling ..

March 27, 2023

BetDex Exchange adds cricket markets to platform

BetDex has announced that its BetDex Exchange platform is set to add cricket markets to its offerings.

The BetDex Exchange already offers soccer, football and basketball betting on its blockchain-based platform.

The addition of the Indian Premier League (IPL) will correspond with the beginning of the 2023 cricket season.

The IPL is the men’s Twenty20 cricket league in India. A total of 10 teams participate across seven cities.

“The addition of IPL on the BetDex Exchange is an exciting milestone and a celebration of the ongoing expansion of our betting markets,” said Varun Sudhakar, CEO and co-founder of BetDex. “Adding the IPL has been a key goal of the team as we continue to add more sports markets across the globe for our community.”

Nigel Eccles, founder of FanDuel, first launched BetDex in October 2021.

Just over one year later, in November 2022, BetDex Exchange became licensed and regulated by the Isle of Man Gambling Supervisory Commission. This made it the first regulated..

March 27, 2023

NH sports betting market grows year-on-year in February

Sports wagering handle and revenue in New Hampshire both increased year-on-year in February, although the state also reported month-on-month declines.

Player spending for the month amounted to $87.0m, which was 22.7% more than $70.9m in February 2022 but 10.5% lower than $97.2m in January this year.

Of this total, $75.5m was wagered online, while the remaining $11.5m was spent betting at retail sportsbooks.

Read the full story on iGB North America

March 27, 2023

Tab NZ pens long-term strategic partnering with Entain

Tab NZ, the sole holder of a betting licence in New Zealand, has entered into a long-term strategic partnership with Entain.

Under the arrangement, which remains subject to ministerial approval, Entain will support Tab NZ with delivering wagering and broadcast functions in the country for a period of 25 years.

Tab NZ said it took the decision to enter such a partnership due to increasing competition, rising costs, capital constraints and other challenges that have impacted its ability to deliver adequate funding to racing and sports.

With these challenges expected to increase, Tab NZ said it had spent the last six months engaging with a range of operators in relation to a strategic partnering arrangement and received a number of proposals, including the successful pitch from Entain.

Specific terms of the deal will remain commercially confidential until approval is granted, but it was confirmed that Entain was selected based on a wide range of criteria, including operational experti..

March 24, 2023

Inspired scores deal with Aristocrat through NFL licence

Gaming provider Aristocrat Gaming announced today that it had chosen Inspired Entertainment to launch a new “virtual sports experience” for football fans through the company’s licensing agreement with the National Football League (NFL).

The NFL-themed virtual sports games will allow fans to bet on teams as they compete in simulated games. Aristocrat said that users will be able to wager with many of the options that they are already familiar with including money line bets, over/under total score and total touchdowns.

According to the business, the virtual sports games will include NFL imagery such as the NFL shield, the logos of all 32 teams, heritage team marks, AFC and NFC Conference logos, as well as the Super Bowl logo.

“Through Inspired, this NFL licence expansion into virtual sports presents a ground-breaking entertainment option that’s never been done before,” said Aristocrat CEO Hector Fernandez. “As part of our overall NFL strategy, we are thrilled to tap into the global ap..

March 24, 2023

Mississippi sports betting handle continues to decline in February

Sports wagering handle in Mississippi fell again in February, with the US state reporting a month-on-month and year-on-year decline.

Consumers spent $39.8m betting on sports during the month, down 2.7% from $40.9m in the same month last year and also 30.4% lower than the amount wagered in January this year.

In terms of revenue, this reached $3.1m, which was 63.1% higher than $1.9m in February of 2022 but 39.2% behind the $5.1m generated in January.

Read the full story on iGB North America

March 24, 2023

ARC acquires Arabian Racing Organisation, signs Ascot rights deal

Arena Racing Company (ARC) has completed its acquisition of the Arabian Racing Organisation (ARO) and signed a four-year rights agreement with At The Races (ATR) and Ascot racecourse.

ARO is the only Arabian Racing Authority in Britain, and operates with the support of the British Horseracing Authority.

As part of the acquisition, ARO CEO Genny Haynes, racing operations manager Willie McFarland and ARO official photographer, media and PR Debbie Burt, will remain in charge of delivering the published 2023 fixture list. The fixtures will cover a programme of Arabian races that will take place on British racecourses.

“We are delighted to confirm this deal with ARC, who have been fantastic supporters of ARO for a number of years, with the majority of our races run on ARC racecourses,” said Haynes. “ARO is now in a position to develop new commercial revenue streams, with the aim of developing the sport’s profile within the UK.

“The future of our Arabian Group races is now secure, and ou..

March 23, 2023

Taking the industry by storm: Delasport puts personalisation first

Oren Cohen Shwartz, chief executive officer, talks to iGB about the power of harnessing personalisation in the igaming industry and how he sees it as a gamechanger for Delasport with the new release of My Sportsbook.

March 22, 2023

Oklahoma tribal sports betting bill clears House

The Oklahoma House of Representatives has voted through a bill that would allow tribes in the US state to add legal sports betting to their existing gaming compacts.

House Bill 1027 passed yesterday (21 March) by a vote of 66-26 and will now move forward to the Senate for a further committee progress, where it could face additional amendments.

The final version of the bill would need approval from both the House and Senate before it could be passed to the governor for final sign-off.

Read the full story on iGB North America

March 22, 2023

GiG banks on the power of two

Richard Brown’s tenure as Gaming Innovation Group (GiG) chief executive began with a major change of direction, with the sale of its B2C assets to Betsson. Almost four years on, and with business booming for the B2B supplier, he’s poised to make another huge call with plans to split the business into media and platform suppliers.

When he was confirmed as permanent CEO of Gaming Innovation Group (GiG) in November 2019, Richard Brown pledged a focus “on delivery, execution and optimisation, putting us on a path for great focus and renewed growth”.

The business reported revenue of €43.0m for 2019, at a time it encompassed B2C operations, a platform business and affiliate marketing operations under the GiG Media banner. Brown then divested the B2C operations to Betsson early in 2020.

This, he has explained previously, created a focused business, with staff putting all efforts into the B2B platform and media operations.

In 2022, Brown’s third full year as GiG CEO, revenue hit €90.1m,..

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Tag: Sports betting