Online sports betting Archives - Page 6 of 36

MA online sports betting handle hits $548.1m in first three weeks

Players wagered a total of $548.1m during the opening three weeks of legal online sports betting in Massachusetts, while licensed operators generated $46.7m in revenue.

The US state opened it regulated market on March 10, with the inaugural online wagering report published this week by the Massachusetts Gaming Commission (MGC) covering the three-week period from this date, through to March 31.

DraftKings proved the most popular operator among consumers, drawing $257.6m in bets in the opening weeks, ahead of FanDuel on $181.1m and BetMGM with $45.3m.

Read the full story on iGB North America.

April 19, 2023

Pennsylvania gambling revenue exceeds $500m for the first time in March

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Pennsylvania set a new record in March after monthly gambling revenue surpassed $500.0m for the first time, while igaming revenue also reached an all-time high.

Revenue for the month reached $515.3m, up 11.4% from $462.7m in March 2022 and also 12.8% ahead of $456.8m in February of this year.

Retail slots accounted for almost half of all gambling revenue for March, with the $225.4m generated during the month being 5.0% ahead of the previous year. However, revenue from retail table games slipped 8.9% to $85.9m.

Read the full story on iGB North America.

April 18, 2023

Kindred approved to launch proprietary platform in New Jersey

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Kindred Group has secured final approval from the New Jersey the Division of Gaming Enforcement to launch its proprietary gaming platform in the US state.

The roll-out, Kindred said, would improve flexibility and performance through a richer set of analytics and data, as well as give Unibet customers in New Jersey an enhanced experience where products and content can be better tailored.

Kindred added that the new platform would cater for its wider, safer gambling approach in accordance with local needs and requirements.

Read the full story on iGB North America.

April 14, 2023

Tonybet seals multi-year Canadian Premier League partnership

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The Canadian Premier League (CPL) has announced that Tonybet will be its official sports betting and online casino partner.

The multi-year partnership makes Tonybet the presenting partner of CPL’s Match of the Week broadcast on OneSoccer.

Mark Noonan, the commissioner of the CPL, expressed his excitement at signing up Tonybet as a sponsor.

“We look forward to working with them on experiences that engage our fans and enhance what it means to be a supporter of the CPL and Canadian soccer in general,” he said.

Additionally, the company will become the presenting partner of the CPL’s Predictor contest.

Alex Haig, country manager for Canada at Tonybet, added that the company is “delighted to get behind the CPL and to take our brand to a growing and passionate fan base”.

He added: “With the CPL being one of the fastest-growing leagues in Canada, Tonybet is excited to build and enhance the fan experience.”

The exact length of the multi-year deal has not been disclosed.

April 13, 2023

Iowa sports betting revenue up despite handle dip in March

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Iowa’s sports betting revenue increased year-on-year in March, despite the US state posting a slight decline in monthly handle.

Player spending on sports wagering in March across online and retail amounted to $232.6m, down marginally from $233.5m in March 2022. However, this figure was 20.0% higher than the $193.9m bet by consumers in February this year.

Of this total, $209.0m was wager with online sportsbooks, while the remaining $23.6m was spent at retail locations.

Read the full story on iGB North America.

April 13, 2023

Indiana sports betting handle declines in March

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Consumer spending on sports betting in Indiana fell year-on-year in March, though the state was able to report an increase in revenue.

Wagering handle for the month amounted to $433.0m, down 9.1% from $476.8m in March 2022 but 21.5% higher than $356.2m in February of this year.

Basketball remained by far the most popular sport among bettors, drawing $224.3m in total wagers for the month. Players also spent $71.7m on baseball betting, $1.6m on football and $71.7m on other sports, as well as $127.9m on parlay bets.

Read the full story on iGB North America.

April 12, 2023

New York online sports wagers reach $16.40bn in FY22

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Consumers in New York spent $16.40bn betting on sports online during the first full financial year of regulation in the US state, while revenue for the period reached $1.46bn.

New York opened its legal online sports betting market in January last year and the state’s 2022 financial year ran from April 2022 through to the end of March this year.

During the opening year, Flutter Entertainment-owned FanDuel Group led the market with $756.0m in gross gaming revenue from $6.82bn in total wagers.

Read the full story on iGB North America.

April 6, 2023

Kambi agrees deal extension with BetPlay operator

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Sports betting supplier Kambi Group announced an extension of its sportsbook deal with Colombian BetPlay operator Corredor Empresarial SA.

The deal is the second renewal of the initial agreement that the two parties first signed in 2017, since which BetPlay has become the Colombian market leader.

The provider said that the Latin American has become a “key market” for the supplier, with BetPlay utilising a number of Kambi’s technology and services, including its Bet Builder product.

“We are pleased to agree a long-term extension to our successful partnership with Corredor Empresarial, providing its customers with next generation betting entertainment,” said Kambi CEO and co-founder Kristian Nylén.

“The Latin American market continues to hold great promise for Kambi and we look forward to aiding Corredor Empresarial as it expands across the region with Kambi’s cutting-edge complete sportsbook.”

As part of the renewal contract, the provider will continue to power BetPlay’s sportsbook..

April 5, 2023

DC sports betting revenue up in February despite handle decline

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Sports wagering revenue in Washington DC increased year-on-year during February despite a fall in player spending.

Gross gaming revenue for the month reached $1.2m, which was 62.0% ahead of $740,552 in the same month last year but 20.0% lower than $1.5m in January 2023.

DC’s sports betting handle in February amounted to $12.6m, down 34.0% from $19.1m in February 2022 and also 21.9% behind $18.5m in January of this year.

Gambet, operated by the DC Lottery and powered by Intralot, remained the frontrunner in the market with $626,273 in revenue from $5.7m in total wagers for the month.

Read the full story on iGB North America.

April 4, 2023

Colorado sports betting handle hits $425.1m in February

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Players in Colorado spent a total of $425.1m betting on sports during February, a decline on the same month in the previous year also down from January this year.

Betting handle for the month was 3.5% below the $440.5m wagered during February of last year and 22.3% lower than $547.2m in January 2023.

Of this total, $421.6m was wagered on sports online, with the remaining $3.5m attributed to betting at retail sportsbooks across Colorado.

Read the full story on iGB North America.

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