Sports betting Archives

March 7, 2023

Duelling sports betting bills fail in Georgia

Two separate sports betting bills in Georgia have failed – in the state House and Senate.

This means that Georgia’s sports betting dream is dead until the 2024 Georgia legislative session at the earliest.

The Senate bill’s primary sponsor and Republican majority leader Bill Cowsert’s strategy was focused on amending the constitution of the state of Georgia to allow the legislature to pass laws.

The Senate effort aimed to amend Georgia’s constitution

In turn, this would have allowed for sports betting to be operated in the state.

Georgia currently prohibits the authorisation of gambling operations, with an enumerated exception for lotteries.

This bill – entitled Senate Resolution 140 – did not get the requisite two-thirds majority needed for an amendment of the state constitution, and so failed at 30-26 votes.

If the resolution had passed, sports betting would have appeared on the ballot by referendum in November 2024.

And while the amendments enabling legislation Senate Bill 17..

March 7, 2023

Genius Sports announces two new board appointments

Genius Sports has announced the appointments of Kenneth J Kay and Michael Messara to its board of directors.

Their appointments will take effect on 8 March.

Kay has been appointed as an independent director of the board. He will also accept the role of chair of the audit committee – succeeding Harry You – and will serve as a member of the board’s nominating and corporate governance committee.

Most recently, Kay held the role of CFO at MGM Holdings. He also held CFO roles with a number of companies, including Dole Food Company, CB Richard Ellis Group Inc and Las Vegas Sands Corporation. Kay also had board and audit committee experience through his time on the board of Summit Hotel Properties.

“This is an exhilarating time to join Genius Sports as it continues to transform the way the world experiences sport,” said Kay. “I look forward to working closely with the board as the company enters the next phase of its journey as a global leader in sports data and technology.”

Kay is set..

March 6, 2023

Kambi scores multi-channel sports betting deal with Wisconsin tribal operator

Sports betting technology supplier Kambi Group has agreed a new multi-channel sportsbook partnership with tribal operator Potawatomi Casinos & Hotels in Wisconsin.

Under the deal, Kambi will support Potawatomi Casino Hotel in Milwaukee with the opening of the first land-based sportsbook in the state. The new facility will feature 20 self-service kiosks, while additional kiosks will also open at the Carter Hotel & Casino in Carter.

Kambi’s full suite of sports betting technology and services will be available to customers for Potawatomi Casino Hotel’s initial retail sportsbook launch, with an on-premises mobile roll out, including live odds boards and Bring Your Own Device (BYOD) technology, to follow.

Read the full story on iGB North America

March 3, 2023

Colorado sports betting revenue edges up in January despite handle dip

Sports betting revenue in Colorado increased 2.6% year-on-year in January despite the US state experiencing a decline in handle.

Gross gaming revenue for the month amounted to $35.5m, which was marginally up from $34.6m in the same month last year but 13.2% behind the $40.9m reported in December 2022.

Almost all revenue in January came from online wagering, with this segment generating $35.4m in revenue. Retail sportsbooks were responsible for just $106,592 in revenue.

Read the full story on iGB North America

March 3, 2023

Rhode Island sets new sports betting handle record in January

Players in Rhode Island wagered a record $62.3m on sports in January, although revenue in the US state remained level year-on-year.

Consumer spending was 6.3% ahead of $58.6m in January of last year and 5.2% more than in December 2022, while the total surpassed the existing monthly record of $61.2m set in November 2022 by 1.8%.

Online betting accounted for $37.5m of all wagers placed during January, while retail spend was $24.8m, split $17.2m at Twin River and $7.7m the Tiverton Casino.

Read the full story on iGB North America

March 3, 2023

TAB NZ hits profit target for the first time in FY22/23

TAB NZ recorded above budget profits for the first time in months thanks to strong returns from sports betting and domestic racing.

For the month to 31 January 2023, the gaming operator reported a profit of NZ$14.6m (US$9.1m/€8.6m/£7.6m), which was $0.3m above budget. In the sixth monthly trading update for the 2022-23 financial year, this was the first time the operator has posted a profit above budget.

Turnover of $230.1m was 0.9% above budget, in part thanks to a strong racing and sports calendar.

Following on from December, overall field sizes across all three racing codes in January were again either up on, or on par with, the year-to-date average. The peak meeting turnover of $6.6m was on 21 January for the Karaka Million at Pukekohe.

Test cricket proved an attraction for sports customers, with the second test between Pakistan and New Zealand, as well as the third test between Australia and South Africa, topping the list of sports events by turnover for January. Basketball w..

March 3, 2023

Ballers Sportsbook partners Sportradar to launch sports betting in Puerto Rico

Newly established Puerto Rican sports betting operator Ballers Sportsbook has announced plans to go live in the unimported US territory through a new partnership with Sportradar.

Under the multi-year agreement, Sportradar will supply Ballers with its Orako sportsbook solution, with Ballers planning to fully integrate this with R Franco Digital Player Account Management technology to allow for omnichannel betting.

Ballers customers will have access to Sportradar’s betting portfolio, enabling them place a range of bets such as parlays, in-game wagering, teasers, futures and player props across their favourite sports.

Read the full story on iGB North America

March 1, 2023

Better Collective signs media partnership with Goal

Denmark-based affiliate Better Collective has announced a global media partnership with Goal, the online football brand, to create sports betting content.

The deal will see Better Collective running the sports betting section of Goal across all the brand’s domains, which is featured in English, Spanish and Portuguese.

Better Collective will also provide Goal with sports betting content, as well as technology and data insights.

Jesper Søgaard, Better Collective CEO and co-founder, said that the deal is the start of bigger things to come from the affiliate.

“Partnering with such a well-recognised and renowned media like Goal perfectly aligns with our media partnership strategy and our overall strategy of becoming the leading digital sports media group,” said Søgaard. “There is no doubt in my mind that we will be able to benefit from each other’s expertise.”

Goal is owned by FootballCo, which operates other sports brands including Mundial, Spox and Voetbalzone.

James Lamon, Football..

March 1, 2023

Nevada gambling revenue rises 18% year-on-year in January

The Nevada Gaming Control board reported an 18.0% year-on-year rise in gambling revenue in the US state during January, with growth across all key markets.

Revenue for the month amounted to $1.27bn, up from $1.08bn in January 2022 but 3.1% lower than $1.31bn in December of last year.

Slots accounted for $874.5m of all revenue for the month, 15.9% up on the same month last year. Multi-denomination slots generated $459.1m in revenue, with penny slots revenue at $285.9m.

Read the full story on iGB North America

February 27, 2023

DC sports betting market continues to decline in January

Sports betting handle and revenue in Washington DC fell month-on-month again in January, while the market also experienced a year-on-year decline.

Player spending in January amounted to $18.5m, down 0.5% from $18.6m last year and also 1.1% lower than $18.7m in December 2022.

Gross gaming revenue for the month reached $1.5m, a 25.0% drop from $2.0m in January of 2022 and 37.5% behind $2.4m in December.

Read the full story on iGB North America

February 27, 2023

New Hampshire smashes sports betting revenue record in January

Sports wagering revenue reached an all-time high in New Hampshire in January, while player spending fell just short of the state’s monthly record.

Gross gaming revenue for January amounted to $12.3m, a year-on-year rise of 53.8% from January 2022 and also 47.7% higher than in December of last year.

The January figure surpassed the existing monthly record of $9.1m that was set in October 2022.

Read the full story on iGB North America

February 24, 2023

New era for football as white paper recommends new regulator

The establishment of a new football regulator could have wide-reaching implication for the industry's relationship with the sport, according to a new white paper.

Details on the new independent regulator were released as part of a football industry white paper, which was brought about by a call for reform in the form of a fan-led review of football governance.

The review brought up a number of key issues concerning the sport, including the controversial European Super League – a proposed competition that was criticised for being elitist and exclusionary of certain clubs.

While the football white paper does not specifically mention how the place of the gambling industry will be addressed going forward, it focuses greatly on financial sustainability for clubs and efforts to “reduce harm”.

the white paper was the result of calls for a fan-led review of football governance structures

“There exist fundamental problems of perverse incentives, poor governance, and defective industry..

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Tag: Sports betting