Author: Bookiecity

DC sports betting handle continues downward trend in July

DC sports betting handle continues downward trend in July

Washington DC’s sports betting handle declined for the second consecutive month in July, while both revenue and player spending in the market fell year-on-year.

Consumers bet a total of $11.3m (£9.4m/€11.2m) on sports during the month, down 11.7% from $11.3m in July 2021, while the monthly total was also 18.1% lower than $13.8m in June this year.

Gross gaming revenue from sports wagering stood at $1.2m, which was 33.3% lower than $1.8m in July last year, but 20.0% up on June 2022’s total of $1.0m.

Looking at individual operator performances, Caesars again processed the largest amount of bets during the month, posting a handle of $4.3m and $378,662 in revenue.

Gambet, which is operated by the DC Lottery and powered by Intralot, claimed top spot in terms of revenue, as after paying out $2.8m in winnings from $3.3m in bets, this suggested revenue for July was $457,616.

BetMGM, which operates in DC in partnership with Major League Baseball franchise the Washington Nationals, ranked th..

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New Corp venture adjusts wagering plans with TexBet acquisition

New Corp venture adjusts wagering plans with TexBet acquisition

News Corp Australia and Tekkorp’s new NTD Pty wagering venture will acquire assets from local operator TexBet, as part of a change to its agreement with betting supplier BetMakers.

NTD agreed to purchase certain assets owned by O’Shea Bookmaking Pty, which trades as TexBet, with support from BetMakers. TexBet is a long-standing SaaS platform customer of BetMakers.

Effective from completion of the sale of TexBet, BetMakers shall receive ownership and IP rights for the betting platform technology currently owned by TexBet, while BetMakers will also support the migration of TexBet users to the NTD platform.

This follows an initial deal, agreed in April when the NTD venture was first announced, which stated that News Corp will run the venture with backing from gambling executives Matt Davey of Tekkorp and Matt Tripp, while BetMakers’ technology will drive NTD.

The deal said that BetMakers’ OM Apps subsidiary would provide B2B platform technology and wagering solutions to NTD, which wi..

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NeoGames’ BtoBet enters Ethiopia with UtopBet

NeoGames’ BtoBet enters Ethiopia with UtopBet

BtoBet, the sports betting supplier subsidiary of online lottery platform provider NeoGames, has expanded into Ethiopia after entering into a partnership with UtopBet.

Under the deal, BtoBet will provide its proprietary sportsbook platform and other sports betting services, including risk management, to UtopBet in the East African country.

The Ethiopian online and retail sports betting operator will offer betting on both local and international sports events, while it will also add esports betting to its offering for the first time.

BtoBet’s deal with the UtopBet brand means the supplier has a presence in 28 different jurisdictions around the world.

“We are pleased to further strengthen our presence in Africa, by going live in the highly competitive Ethiopian market,” NeoGames’ chief executive Moti Malul said. “UtopBet is one of the more well-known brands in the local market and I am pleased that the choice to power their retail and online channels fell on our flexible solutions an..

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Indiana sports betting handle decline continues in July

Indiana sports betting handle decline continues in July

Indiana’s sports betting handle fell for the fourth consecutive month during July, with the $206.6m (£170.9m/€202.5m) wagered by players the lowest monthly total of the calendar year.

July’s total was 19.4% lower than the $256.3m spent by consumers in June, but 6.2% higher than the $194.5m bet during July of last year.

Of this total, $76.1m was spent on baseball betting, with $16.1m on basketball and $2.9m on football. A further $53.5m worth of parlay bets were place in the month, while $56.8m was bet on other sports.

In terms of taxable adjusted gross revenue from sports betting, this amounted to $20.9m, which was 32.3% higher than $15.8m in June this year and also 19.4% up from $17.5m in July 2021

Blue Chip Casino and partner FanDuel retained top spot with $7.4m in revenue off $61.7m in bets ahead of the Ameristar Casino and partner DraftKings with $5.0m in revenue and a $61.3m handle.

Belterra Casino and its FanDuel-operated sportsbook placed third with $3.1m in revenue off a h..

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Disney continues to work on “important” ESPN betting venture, says CEO

Disney continues to work on “important” ESPN betting venture, says CEO

Disney chief executive Bob Chapek said that the business remains in talks with a number of platforms in regard to the potential launch of a new sports betting offering involving the ESPN brand.

The conglomerate has been linked with a move into the sports wagering market for some time now, with Chapek in November last year saying its sports broadcasting arm ESPN is the “perfect” channel to achieve this.

Speaking in an earnings call after the group announced its second-quarter results, Chapek said talks with potential partners have been ongoing and that sports betting remains a realistic option for Disney.

“We have been in conversations for quite a long time now with a number of different platforms to add some utility to sports betting and take away some friction for that for our guests,” Chapek said.

“We have found that basically our sports fans that are under 30 absolutely require this type of utility in the overall portfolio of what ESPN offers, so we think it’s important.

“We’re..

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Flutter CEO: we are well-placed to “capitalise” on UK reforms

Flutter CEO: we are well-placed to “capitalise” on UK reforms

Flutter chief executive Peter Jackson said that he expects his business to ultimately be a winner from the results of the UK Gambling Act review, as Flutter’s scale will help it navigate changes while smaller businesses may exit the market.

The comments came during Flutter’s earnings call for the first half of 2022, following results in which the business revealed that its FanDuel brand had turned a profit during Q2.

Jackson (pictured) argued that in both the UK and Australia, Flutter’s businesses had “outgrown regulations”.

He discussed the introduction of point-of-consumption taxes in these markets as an example of a regulatory challenge that had a short-term negative impact, but made Flutter brands stronger in the long term.

“Our scale and operating leverage have allowed us to mitigate the impacts, both through operational efficiencies, and also through market share gains as smaller operators were required to exit from the market.”

In the presentation, Flutter also noted that ..

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BetVictor and TalkSport team up to launch TalkSport Bet

BetVictor and TalkSport team up to launch TalkSport Bet

Sports betting operator BetVictor and radio broadcaster TalkSport have partnered to launch a new sports betting brand, TalkSport Bet.

TalkSport Bet will integrate BetVictor’s sports betting software and TalkSport editorial branding.

The new brand will also be featured on TalkSport show sponsorships, advertising and affiliate partnerships.

“We’re delighted to be partnering with such a well-respected sports brand, ” said Brent Almeida, CCO of BetVictor. “TalkSport Bet will take the great things about TalkSport radio and add a betting experience to offer players more ways to enjoy sport and engage with their favourite sporting events.”

“We are fully committed to creating a safe and entertaining gambling experience with everything a sports fan could want in a betting brand.”

This is BetVictor’s most recent white label deal, following on from partnerships with Parimatch, Heart Bingo, and BildBet- its venture with newspaper Bild in Germany.

“TalkSport is the world’s biggest sports radi..

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Massachusetts Governor signs sports betting bill into law

Massachusetts Governor signs sports betting bill into law

Massachusetts Governor Charlie Baker has signed into law a bill legalising and regulating sports betting in the US state.

House Bill 5164 will permit any operator of a land-based casino or racetrack in the state to apply for a licence, while an additional seven online-only licences will be made available. Every licence comes with a $5m fee.

Online betting will be taxed at 20% and retail at 15%, while consumers will be able to bet on a wide range of events including college sports, with the exception of matches involving in-state teams.

In addition, the Massachusetts Gaming Commission (MGC) will be designated as regulator of the state’s new sports wagering market.

“On behalf of my fellow commissioners and the staff of the MGC, we appreciate the confidence the Legislature and the Governor have in naming us as regulator of this new industry,” MGC chair Cathy Judd-Stein said.

“For the past several years, we have been monitoring sports wagering legislation and taking appropriate steps ..

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Better Collective scores sports betting content deal with Sport1

Better Collective scores sports betting content deal with Sport1

Affiliate giant Better Collective has entered into a sports betting content partnership with German multi-channel sports platform Sport1.

The partnership will launch this month and be co-branded with Wettbasis, a Better Collective brand and part of the group that will provide all content to the Sport1.de website.

Better Collective said that the new deal gives the group an additional marketing channel to operate, market and manage customer contacts to betting operators in the German market.

“We look forward to getting started and I know that my colleagues at Wettbasis.com are working hard to be ready with appealing and engaging content for the Bundesliga season and in good time for the World Cup in football that is coming up in November,” Better Collective co-founder and chief executive Jesper Søgaard said.

Sport1 managing director Matthias Kirschenhofer added: “We are thrilled to partner with Better Collective as the premier international sports betting media group for a completely..

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Predictions, exchanges and the rise of political betting

Predictions, exchanges and the rise of political betting

Operators have long dismissed political betting as at most PR loss-leader – but is the calculus changing? iGB spoke to Smarkets head of political markets Matthew Shaddick to hear about the shifting landscape.

When political betting goes wrong, it really goes wrong. In the 2020 US presidential election, with conspiracies spreading from the White House to the message board, protests began assembling outside state houses and ballots counting venues throughout the critical states of Pennsylvania, Michigan and Wisconsin, where the race was agonisingly close. It was the first stirrings of what was to become the so-called “Stop the Steal” movement – the last ditch organisational effort to save the Trump presidency.

It was also the beginning of what is often known as the “shenanigans,” the weaponisation of an array of legal and legislative tools to muddy the water and frustrate democratic majorities; a catalogue of failed dirty tricks that culminated with the insurrection at the United Stat..

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