Sports Betting News Archives - Page 65 of 67

Iowa sports betting handle doubles year-on-year in January

Bettors in Iowa staked $303.3m in the first month of 2022, meaning handle more than doubled year-on-year.

Amounts wagered for January was up 102.9% from January 2021’s $149.5m total figures from the Iowa Racing and Gaming Commission show.

This was driven entirely by mobile betting, with customers staking $275.9m during the month, a 128.4% jump.

Retail, on the other hand, actually declined from January 2021, with stakes down 4.5% to $27.5m.

Caesars led the way in terms of handle, with customers staking $112.7m through its mobile sportsbook, setting it ahead of DraftKings which reported $68.9m in mobile stakes, and FanDuel on $44.1m.

For retail, it was the FanDuel sportsbook at the Diamond Jo Worth Casino that led the way, with $8.7m staked. Penn National’s Ameristar II in Council Bluffs followed with customers wagering $5.4m at its Barstool Sportsbook, and the Caesars Sportsbook at Horseshoe Casino Council Bluffs on $3.9m.

From the statewide handle of $303.3m across all chan..

February 11, 2022

BetMGM launches inaugural regulated Puerto Rico sports betting platform

Sports Betting News Bookiecity

BetMGM, in conjunction with Casino del Mar, has launched Puerto Rico's first regulated sports betting platform at the casino's La Concha resort.

As of today BetMGM is accepting wagers at the San Juan-based resort through 12 betting kiosks and five betting windows. BetMGM also plans to open a retail sportsbook in addition to launching a mobile app later in the year.

The operator first entered into its strategic partnership with Casino del Mar back in September 2021, with a view to executing today’s sports betting launch.

BetMGM CEO Adam Greenblatt said: “This is a monumental day for BetMGM as it marks the launch of our first operation outside of the US mainland. Casino del Mar delivers exceptional guest experiences and is an ideal partner as we look to extend our brand in Puerto Rico.”

The sports betting launch forms the latest part of Puerto Rico’s expansion of its gaming industry.

Foxwoods recently partnered with the Mashantucket Pequot tribe to open the Foxwoods El ..

February 10, 2022

Flutter launches revamped safer gambling strategy

Sports Betting News Bookiecity

Flutter Entertainment has revealed its new safer gambling strategy in which it will switch focus from intervening when problems arise, to preventing them from happening at all.

The operator aims to “make every moment safe for [its] customers”.

Launching the new strategy, Flutter UK and Ireland chief executive Conor Grant described it as “a refreshed and comprehensive” approach for each market.

“The strategy is the culmination of many months of hard work, bringing together the best from across our existing businesses, gathering insights from industry experts, customers and colleagues to identify priority issues to focus on, and challenging areas where we need to go further,” Grant explained.

The strategy is broken down into five core principles: discover, educate, empower, understand and support.

The discover aspect aims to advance the industry’s understanding of gambling harm. Educate will implement strategies to improve all customers’ and colleagues’ understanding of gambling ..

February 10, 2022

FSB enters Slovakian market with Hungary’s Szerencsejáték Zrt

Sports Betting News Bookiecity

Sports betting and igaming service provider FSB is to power SZRT Slovakia’s betRing sportsbook, marking the Hungarian national lottery’s first foray into a new market.

The multi-year agreement will see FSB power SZRT Slovakia’s betRing.sk sportsbook. SZRT Slovakia is powered by the Hungarian state lottery Szerencsejáték Zrt (SZRT), its first move outside its local market.

FSB said it views the deal as an opportunity to prove it can deliver a leading product to other state lotteries looking to enter new markets. The company recently appointed Chris Graham as a new lead for B2B global marketing.

“We’re delighted to team up with SZRT Slovakia in this exciting multi-year agreement to become their trusted technology partner,” FSB chief executive David McDowell said. “Winning the highly competitive, multi-vendor tender process for this opportunity is a great testament to our agile tech and growing industry profile.
“It has been extremely gratifying to see the talented and highly motivate..

February 9, 2022

Fubo Gaming secures Ohio access deal with NBA’s Cavaliers

Sports Betting News Bookiecity

Fubo Gaming, a subsidiary of FuboTV, has agreed a market access deal in Ohio with National Basketball Association team the Cleveland Cavaliers, ahead of the state legalising sports betting.

The agreement will make Fubo Sportsbook an official mobile sports betting partner of the Cavs when legal sports wagering eventually launches in Ohio.

The partnership will also see a new 3,000sq ft. sports lounge open inside Rocket Mortgage FieldHouse, the home of the Cavs, to serve as a game-day destination for fans with a range of incentives and special bonus offers from Fubo Sportsbook.

Leading up to Fubo Sportsbook’s official launch in Ohio, the Cavs and Fubo Gaming will promote their partnership through an integrated marketing campaign, highlighted by co-branded, broadcast-visible signage, as well as a presence on team television and radio game programming, and other marketing assets.

Ohio is expected to go live with online and mobile sports betting prior to 1 January 2023, after Governor Mi..

February 9, 2022

Kindred records “strongest year to date” after year-on-year revenue increase

Sports Betting News Bookiecity

Kindred has reported revenue figures of £1.26bn (€1.50bn/$1.71bn) for 2021, representing an 11.4% increase on the previous year.

Casino and games revenue was the biggest contributor to the total with £648.7m, up 12.0% from £579.0m in 2020. Sports betting revenue accounted £547.2m, while poker revenue came to £30.8m. Other revenue sources added a further £28.5m.

Western Europe proved to be the most lucrative region for Kindred in 2021, generating revenue of £798.4m- an increase of 13.1%. The Nordic countries followed with £287.8m, while central, eastern and southern Europe added £110.5m.

Operating costs for the year totaled £470.4m. Marketing costs were £234.7m, while administrative expenses came to £235.7m. Other costs incurred, including merger and acquisition expenses and personnel restructuring, amounted to £16.5m.

However Kindred received an extra £75.5m from regulatory sanctions and previously held equity interest.

Operating profit for 2021 was £342.2m, a rise of 66.2% ye..

February 8, 2022

South Dakota mobile sports betting bill passes at Senate

Sports Betting News Bookiecity

A bill proposing the legalisation of mobile sports wagering in South Dakota has been passed in the state's Senate.

Senate Joint Resolution 502 is set to be introduced during South Dakota’s next general election, allowing citizens the chance to vote on whether it should come to pass. The proposal was passed by a slim majority – 18 votes to 17.

Should the proposal be voted in at the general election, players will be able to place mobile wagers on sporting events, provided the platform is partnered with one of the casinos in the city of Deadwood.

The legislation stipulates that any proceeds from games of chance should be used for educational, charitable, patriotic, religious, or other public spirited uses – which include the historic restoration and preservation of Deadwood. The resolution will also allow for a state-run lottery and video games of chance.

Sports betting was legalised in South Dakota back in March 2021 after Governor Kristi Noem signed Senate Bill 44 into law, bu..

February 8, 2022

Gaming giants form new body in push for uniform standards and safeguards

Sports Betting News Bookiecity

A host of real-money gambling and gaming businesses have formed the Global Gaming Alliance, a new forum that aims to address shared challenges as the market for real-money, free-to-play and console gaming evolves.

The GGA brings together real-money operators Entain and DraftKings, Facebook parent Meta, and mobile games developers 89Trillion and Habby to create a fair and sustainable industry.

The collective has published a white paper, Responsible Gaming is Everyone’s Business, which calls on gaming companies to follow best practice on issues such as diversity, transparency and player protection. In particular, the white paper highlights a need for greater diversity, more accessible and relatable games for a wider range of players, and controls to ensure play remains sustainable.

The initiative launches with the gaming sector booming. Quoting third party figures, the white paper points out that there were an estimated 2.9 billion players worldwide at the end of last year. Revenue..

February 4, 2022

Betfair and Spotlight sports group extend video content agreement

Sports Betting News Bookiecity

Content and media company Spotlight Sports Group has announced it has extended its agreement with Betfair to produce live watch along video content throughout 2022.

The deal focuses on the Racing Post Live show which launched in 2020. The broadcast gives live reactions from racing experts, as well as exchange prices and tipping throughout the day’s racing.

The extended agreement will now cover key races every Saturday throughout 2022, alongside all major UK and Ireland racing festivals including Cheltenham, the Grand National and Royal Ascot.

The live show is broadcast on the Racing Post YouTube and Facebook platforms.

Discussing the new deal and some of the shows expanded features, Spotlight Sports Group’s chief commercial officer Sam Houlding said: “Our live content has grown remarkably over the past 3 years and we’re excited to be extending our partnership with Betfair.

“Racing Post Live is a firm fixture in the diary for racing fans and the show has built a very loyal followin..

February 4, 2022

Oklahoma charitable betting bill pre-filed in Senate

Sports Betting News Bookiecity

A new bill pre-filed in the Oklahoma State Senate would allow for sports wagering and poker, but only if organised by private citizens or charitable organisations with prizes totalling no more than $1,000 (£739/€873)

The bill – Senate Bill 1821 – outlines that recognised charities may host wagering events on their own premises, while private citizens may host wagering events in their own homes.

Wagers would be permitted on “any challenge, match, game, race, fight or contest occurring between individuals or groups of individuals whether or not recognized as an amateur or professional sports event”, provided it is not a juvenile sports event.

In addition, wagering may be conducted on certain card or dice games including poker and dominos, but not “casino gaming” or “mechanical or electronic gaming devices”.

For private wagering events, players may not bet more than $100 per event per day.

Winnings will be subject to income tax.

Currently, no form of sports betting is legal with Okl..

Category: Sports Betting News