Sports Betting News Archives - Page 5 of 67

DC sports betting handle continues to decline in May

Player spending on sports betting in Washington DC fell again in May, although revenue was up month-on-month.

Handle for the month stood at $12.5m, which was 27.3% lower than $17.2m in May 2022 and also 17.2% down from $14.5m in April this year.

However, gross gaming revenue in May amounted to $2.0m, level with the same month last year and double the $1.0m generated in April.

Caesars Entertainment claimed top spot in revenue terms after collecting $818,817 from a $4.6m handle.

Read the full story on iGB North America

June 15, 2023

Where are the next big US sports betting wins?

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A few states are on the shortlist to legalise or make significant legislative progress this year, one of which is Texas. Just a few months ago, Missouri would’ve been considered too, but the Show-Me State didn’t show us anything except for the latest in a five-year string of sports betting failures.

Other states—Maine, Kentucky, and Nebraska—are making progress in sports betting legislation. All three states are in the regulation phase, with launch dates to be determined.

Meanwhile, in the last day, Vermont and North Carolina have passed sports betting into law.

Which states, then, will join them? And what will the impact be on the big-picture US sports betting market?

Who’s on first?

North Carolina Governor Roy Cooper signed House Bill 347 into law yesterday (14 June), following weeks of build-up. This, plus Vermont’s legalisation of sports betting puts an end to sports betting legislative journeys for two US states.

Almost every expert we spoke to also mentioned Texas. The Lon..

June 15, 2023

Vermont Governor signs sports betting bill into law

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Vermont has become the latest US state to legalise sports betting after Governor Phil Scott signed a bill into law.

House Bill 127 was introduced earlier this year and passed through the state’s House and Senate before landing on Scott’s desk last week.

Scott, a long-term supporter of sports betting, signed off on the bill yesterday (June 14), clearing the way for the market to open next year.

“I first proposed Vermont legalise sports betting several years ago and I’m happy the legislature has come to an agreement, as well,” Scott said. “We know many Vermonters already participate in the marketplace and bringing it above board provides important resources and consumer protections.

“Vermont now joins many other states who have made this move, and I want to thank Commissioner [Wendy] Knight and her team, as well as members of the legislature for their collaborative approach on this issue.”

Read the full story on iGB North America.

June 14, 2023

North Carolina Governor signs sports betting into law

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North Carolina has legalised sports betting, after Governor Roy Cooper signed House Bill 347 into law today.

The path to legalisation has been winding, with efforts ramping up in the last few months. The bill was voted through by the state House last week, after it was voted through the state Senate one week prior.

It was first introduced on 13 March. The bill in its final form was presented to the governor on 9 June.

Read the full story on iGB North America.

June 14, 2023

Arizona sports betting revenue up despite handle fall in March

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Consumer spending on sports betting in Arizona fell 6.7% year-on-year in March, though the state was able to report a rise in revenue.

Wagering handle for the month was $644.8m, down from $691.0m in March 2022 but 5.8% higher than $609.3m in February of this year.

Players bet $639.9m online and $4.1m at retail sportsbooks across the state.

Bettors won a total of $591.2m during March, while adjusted gross event wagering revenue before free bets was $53.4m. This was 43.6% ahead of $37.2m last year and also 57.1% more than $34.0m in February this year.

Of total revenue, $53.0m was attributed to online wagering, while the remaining $318,760 came from retail betting.

Read the full story on iGB North America.

June 13, 2023

Indiana sports betting handle falls again in May

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Consumer spending on sports wagering in Indiana declined again in May, though revenue improved month-on-month.

Players bet $283.4m on sports during the month, down 8.1% from $308.4m in May 2022 and 11.9% lower than $321.4m in April this year.

Basketball drew the most bets with $72.0m wagered in May, while $64.8m was spent on baseball bets an $2.0m football. A further $79.4m was wagered on parlay bets and $69.0m across other sports.

In contrast, adjusted gross revenue reached $33.8m. This was 10.1% more than $30.7m in May last year and also 15.0% ahead of $29.4m in April this year.

Read the full story on iGB North America.

June 12, 2023

NY sports betting handle and revenue up in May

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In New York, sports betting handle and revenue both increased year-on-year in May, although player spending fell to an eight-month low.

Consumers wagered a total of $1.36bn on sports during the month, up 7.9% from $1.26bn in May 2022 but 11.7% lower than $1.54bn in April of this year.

This was also the lowest monthly amount since September 2022, when handle amounted to $1.26bn.

In terms of revenue, this reached $152.0m for the month, a rise of 38.4% from $109.8m in May of last year and also 9.5% ahead of $138.8m in April 2023.

Read the full story on iGB North America

June 12, 2023

Iowa sports betting revenue up despite further handle decline in May

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Sports betting revenue in Iowa increased year-on-year and month-on-month in May despite the state experiencing an ongoing drop in handle.

Consumer spending for the month amounted to $147.7m, marginally down from $147.9m in May 2022 and also 14.6% behind $172.9m in April this year.

This marked the second consecutive month of handle decline in the state.

Of the total amount wagered by players, $135.2m was bet online and $12.5m at retail sports betting facilities.

Read the full story on iGB North America.

June 9, 2023

US Integrity partners Grid to develop esports monitoring solution

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Sports betting integrity monitor US Integrity has partnered with game data platform Grid to develop a new solution for the esports market.

Under the arrangement, US Integrity will use official in-game data from Grid’s data platform to expand its services portfolio to esports.

This will include monitoring integrity, suspicious or fraudulent activity at esports events, as well as the development of interactive dashboards and educational resources.

In addition, Grid will provide US Integrity with consultancy and support from its in-house esports integrity team.

Read the full story on iGB North America

June 9, 2023

Delaware sports betting handle hits eight-month low in April

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Player spending on sports betting in Delaware fell to its lowest monthly total in eight months during April, although igaming wagers improved year-on-year.

The state’s handle in April amounted to $3.4m, down 10.0% from $4.2m in April of 2022 and marginally lower than $3.5m in March this year. This was also the lowest monthly total since August 2022.

Revenue was 19.2% higher year-on-year at $374,568, although this figure was down 31.2% from $544,385 in March.

Delaware Park retained top spot in the market with $195,226 in revenue from $1.9m in bets. Bally’s Dover followed with $93,506 from $873,791, then Harrington Raceway with $46,728 off $458,575.

Read the full story on iGB North America

Category: Sports Betting News