Sports betting Archives

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

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..

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Tag: Sports betting