October 2022 - Bookiecity

DC sports betting handle continues to climb in September

Sports wagering handle in Washington DC increased for the second consecutive month in September but fell 26.2% year-on-year.

Handle for the month amounted to $19.4m (£16.8m/€19.5m), which was 48.1% higher than $13.1m in August of this year, but down 26.2% from $26.3m in September 2021.

Gross gaming revenue was $3.6m, double the $1.8m generated in August and also 125.0% higher than $1.6m in September last year.

Looking at individual operator performances, Caesars retained its grip on top spot in DC with $1.4m in revenue from $7.3m in total bets during September.

Gambet, operated by the DC Lottery and powered by Intralot, placed second with $1.1m in revenue from $6.0m in player spending. BetMGM, which is partnered with MLB team the Washington Nationals in DC, was next with revenue of $678,061 from a $4.0m handle.

Flutter Entertainment’s FanDuel, which runs a FanDuel-branded retail sportsbook at Major League Soccer team DC United’s Audi Field, generated $250,932 in revenue from $1.6m..

October 28, 2022

Caesars launches online sportsbook in Ohio ahead of market opening

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Caesars Entertainment has announced the launch of its online sportsbook in Ohio ahead of the US state opening its regulated sports betting market in January 2023.

Ohio is due to commence legal sports wagering on 1 January and players in the state are now able to register and deposit funds with Caesars in preparation for this launch.

Consumers that sign up with Caesars ahead of January can take advantage of a special early registration offer, whereby if they deposit $20, they will receive an additional $100 worth of bet credits.

Read the full story on iGB North America

October 28, 2022

World Cup could be make-or-break for industry marketing

Sports Betting News Bookiecity

iGB op-ed: Many will be paying close attention to how the industry markets its products during the 2022 Fifa World Cup. Daniel O’Boyle writes that the industry’s actions during the tournament may be the difference between fuel for a further crackdown or a chance to change the tide of the debate on gambling.

Yesterday, France announced a series of new rules and recommendations on bonuses. The contents of the regulations published by regulator l’Autorité Nationale des Jeux (ANJ) are interesting for sure, but there may be more to think about beyond that.

The new rules on transparency are good, and other markets would largely benefit from requiring operators to make the terms surrounding bonuses as clear as possible.

Other rules, particularly the ban on sending bonuses to “excessive” gamblers, are clearly well-meaning but likely too vague to be implemented in the way that is hoped.

The non-binding “recommendations”, meanwhile, are hard to judge without knowing how motivated operators..

October 27, 2022

Sportradar scores long-term NBA data deal with FanDuel

Sports Betting News Bookiecity

Sportradar has agreed a long-term deal to supply official data from the National Basketball Association to Flutter Entertainment-owned FanDuel Group.

The agreement will run through to the end of the 2030-31 season and cover a wide range of NBA data and supplementary betting services for FanDuel’s sportsbook platform.

FanDuel also agreed to extend its original August 2021 main data deal with Sportradar to September 2031, with Sportradar to remain as the preferred data and odds supplier to the operator.

Sportradar and FanDuel will work together to deliver improved sports betting experiences to customers, including, for the first time, using certain player tracking data to create props and support the growth of same game parlays.

FanDuel will also become the first North American operator to utilise Sportradar’s official NBA data, following the operator’s landmark partnership with the NBAannounced in November 2021, under which both FanDuel and DraftKings became official betting partner..

October 27, 2022

Kindred set for strong Q4 as Netherlands “exceeds expectations” in Q3

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Kindred said it is “exceeding expectations” in the Netherlands and expects rapid revenue growth in the final months of the year, after reporting its first quarter of revenue since reentering the market.

In Q3 of 2021, Kindred reported revenue of £277.8m, which was down by 6.9% year-on-year. Almost all of this revenue came from B2C operations, at £271.9m, while B2B revenue – from Relax Gaming – was £5.9m.

The decline in revenue continued to be down to the operator withdrawing from the Netherlands at the start of Q4 2021. While the operator returned to the country during the quarter, generating revenue again, the amount Kindred took in was less than before the country regulated, as was expected.

Kindred said it was “exceeding expectations” with 137,000 active Dutch customers, and brought in around £400,000 per day since launching on 11 July. Chief executive Henrik Tjärnström added that the business had around a 15% market share in the country.

“Thanks to our strong brand awareness, u..

October 26, 2022

Ontario report

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iGB’s new report on Ontario offers exclusive insight into Canada’s most populous province – and the first to regulate betting and igaming.

When the Ontario market opened in April this year, it wasn’t quite brand new ground.

Anyone in the industry could tell you that the grey market in Canada’s largest province had been thriving for quite some time.

Still, bringing the province from grey to white offers certainty and new opportunities for many.

Six months on, we have a sense of the spoils available. Operators – excluding the lottery – brought in a combined CA$267m in the three months ended 30 September.

The biggest challenge in the province, however, may be marketing rules. Operators can offer bonuses, but may not promote them. As Marese O’Hagan writes in our progress report, that’s been difficult, but it hasn’t seriously dampened excitement about the jurisdiction.

And for now, those complying with the rules still need to compete with some unlicensed brands, which continue to do b..

October 26, 2022

Saskatchewan to launch legal online gambling on 3 November

Sports Betting News Bookiecity

The Saskatchewan Indian Gaming Authority (SIGA) will launch its new online gambling and sports betting website on November 3, marking the launch of legal igaming in the Canadian province.

PlayNow.com will be operated by the Saskatchewan Gaming Corporation (SaskGaming) as the only legal igaming website in Saskatchewan, offering licensed gambling to players on an exclusive basis.

This is in line with an arrangement announced last September, which was agreed by the Federation of Sovereign Indigenous Nations (FSIN) and the provincial government.

The PlayNow.com platform will be delivered by the British Columbia Lottery Corporation (BCLC) and based on a website of the same name that is operated by the BCLC in British Columbia.

Saskatchewan will become only the third province in which PlayNow.com is active, after its initial launch in British Columbia and also in Manitoba.

To support the launch, PlayNow.com has agreed a sponsorship deal with local Canadian Football League team the Saska..

October 25, 2022

Bet365 to launch new products through expanded Genius deal

Sports Betting News Bookiecity

Genius Sports has signed a long-term extension to its official data partnership with online gambling operator Bet365, allowing the operator to launch new products powered by data from Genius-owned Second Spectrum.

Under the deal, Genius Sports will provide Bet365 with its exclusive portfolio of official data rights to a range of leading sporting events such as football’s English Premier League, the National Football League (NFL) and Nascar.

In addition, as the official data partner to the Mid-American Conference, Genius will provide Bet365 with the only official data feed for betting on National Collegiate Athletic Association (NCAA) sports.

The deal will also cover a new range of betting products powered by AI-driven tracking technology from Second Spectrum.

“Expanding our partnership with Bet365, the largest sports betting brand in the world, demonstrates our commitment to delivering the most innovative and compelling products for our customers,” Genius Sports chief executive Ma..

October 25, 2022

NH sports betting revenue reaches nine-month high in September

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Sports betting revenue in New Hampshire increased to a nine-month high in September, while the US state also posted year-on-year growth across revenue and handle.

Total gross gaming revenue for September amounted to $7.4m (£.5m/€7.5m), up by 68.2% year-on-year from $4.4m in the same month last year and 76.2% more than $4.2m in August this year. It was also the highest monthly amount since $8.0m was generated in January 2022.

Online sports betting was responsible for $7.7m in revenue for the month, but a $374,088 loss from retail sportsbooks pushed the figure down to $7.4m.

In terms of player spending, handle for the month stood at $78.2m, up 14.8% from $68.1m in September 2021 and also 80.2% higher than $43.4m in August this year.

Consumers wagered a total of $58.5m online during the month, while the remaining $19.8m was spent betting at retail sportsbooks across the state.

Tax generated from sports wagering in September reached $3.2m, with $3.5m coming from online, while retail’s..

October 21, 2022

A natural evolution for player props

Sports Betting News Bookiecity

It makes sense that increased availability of player prop bets and integration of insights into betting would converge. Daniel O’Boyle speaks to Henry Newman, CEO of Sporting Risk, about his business’ combined pricing and facts tool for player props.

Two rising forces in sports betting lately have been – in terms of purely trading and markets – an effort to include more player proposition bets and, from a more user-experience-led perspective, a greater effort to integrate insights into the product.

So it only makes sense that these two products would converge.

Henry Newman, CEO, Sporting Risk

Still, it may be surprising to see who has brought a product combining player prop trading and facts for consumers to market first. It wasn’t from one of the data giants or a widely known sportsbook provider, though it was from a group that has made its living from bookmakers for some time.

Henry Newman, chief executive of Sporting Risk, notes that his company’s history in running a successfu..

Month: October 2022