Retail sports betting Archives - Page 12 of 13

Arizona falls just short of $500m sports betting handle in December

Players in Arizona bet a record $499.2m (£379.4m/€455.1m) on sports in December 2021, though gross revenue fell 23.1% month-on-month.

Wagering was up 7.0% month-on-month from $466.7m in November, with the state’s handle split $494.5m for online bets and $4.7m at retail sportsbooks.

Consumers won a total of $454.9m from mobile betting and $4.5m from retail wagering.

As a result, despite this higher spending, gross revenue before free bets fell from $50.2m in November to $38.6m in December.

After accounting for $21.3m worth of free bets – almost all of which were distributed to online players – taxable revenue was $17.3m, down 45.6% month-on-month.

DraftKings led the way in December after taking $146.0m in total bets, followed by Flutter Entertainment-owned FanDuel Group on $128.5m, the BetMGM with $103.8m.

In terms of gross revenue, DraftKings also ranked first on $11.0m, ahead of FanDuel with $10.7m and BetMGM on $8.8m.

After taking away free bets, FanDuel was top with $7.2m in ..

March 3, 2022

Elys scores extension to sportsbook partnership with New Mexico’s Isleta

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Interactive gaming and sports betting technology business Elys Game Technology has signed an extension to its sportsbook partnership with the Isleta Resort and Casino in Albuquerque, New Mexico.

Under the deal, Elys’ USBookmaking betting technology subsidiary will continue to provide sports wagering services and solutions to the casino.

This includes a series of self-service kiosks and in-person ticket counters located throughout the casino property.

Customers at the Isleta can place a wide range of bets on competitions such as the National Football League, National Basketball Association and Major League Baseball.

“We are very pleased to continue our relationship with Isleta and to provide the highest quality sportsbook performance and service commitment to the casino and its customers,” USBookmaking’s director of operations John Salerno said.

“We remain very confident about our growing opportunities and relationships for sports wagering in the tribal gaming sector as our North A..

March 2, 2022

Colorado sports betting handle reaches record $573.7m in January

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Consumers in Colorado wagered a record $573.7m (£430.6m/€516.7m) on sports in January, while revenue for the month amounted to $34.6m.

The amount spent by players easily beat the previous record of $491.5m set in October of 2021 by 16.7%, while it was also 75.5% higher than in January last year and 24.3% up from $461.4m in December 2021.

Online wagers in January amounted to $567.1m, whereas in contrast, just $6.6m was bet at retail sportsbooks across the state, figures published by the Colorado Department of Revenue showed.

Gross gaming revenue from sports betting in the month reached $34.6m, which was 49.8% higher than $23.1m in January 2021 and 40.1% more than $24.7m in December 2021 but fell short of the record $36.8m set in October last year by 6.0%.

Online betting accounted for $34.2m in total revenue, while the remaining $437,090 came from retail wagering facilities.

Basketball was the most popular sports to wager on, attracting $163.6m in total bets during the month, ahead ..

March 1, 2022

Aspire gears up for Dutch launch after receiving certification

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Aspire Global has received full certification to operate in the Netherlands, which will see it roll out its player account management platform solution, sportsbook and casino games throughout the country.

The certification will allow Aspire to launch through already-agreed partnerships with operators in the country.

Last year Aspire’s Pariplay platform signed a deal with Holland Casino, one of ten operators to receive a licence from Dutch regulator de Kansspelautoriteit. Under the deal, Pariplay would supply its proprietary games to Holland Casino.

In January Aspire agreed to a deal that will see it make BoyleSports, Ireland’s largest independent bookmaker, live in the Netherlands.

The deal, which will take effect upon Aspire’s entry into the Netherlands, will mean Aspire will provide its full turnkey solutions to BoyleSports through Aspire’s sportsbook Btobet.

“The newly regulated Dutch market is growing quickly and one of Europe’s most appealing igaming markets,” said Tsachi Mai..

February 25, 2022

Caesars announces sports betting partnership with Cleveland Cavaliers

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Caesars Entertainment has signed a multi-year agreement which will see it named as the official sportsbook partner of NBA side the Cleveland Cavaliers.

The deal will also see Caesars named as the official casino partner for the team.

Plans are also in place to open a retail sportsbook at Rocket Mortgage FieldHouse – home of the Cavaliers – pending regulatory approval.

The 10,355 square foot sportsbook will also utilise official Cleveland Cavaliers logos and marks, broadcast and digital content, in addition to TV-visible in-game signage.

The Caveliers deal represents Caesars’ latest sports team agreement. The company has partnered with the NFL’s Buffalo Bills, Indianapolis Colts, and Baltimore Ravens, in addition to sponsoring the NHL’s Washington Capitals.

Chris Holdren, co-president of Caesars Digital, said: “We’re ready to welcome Ohio sports fans into the Caesars Sportsbook Empire, while also making history with our second sportsbook at an NBA arena.

“Building upon our alre..

February 25, 2022

CDI to drop online betting and igaming businesses in 2022

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Churchill Downs Incorporated (CDI) has revealed that it will abandon its online sports betting and online gaming business within the next 6 months, in what it described as the “next step forward” for the company.

The news came as part of an earnings call for CDI’s 2021 financial results. Its online product TwinSpires – which includes horse racing as well as sports betting and igaming – brought in $431.7m in total revenue for the year. However, TwinSpires also accounted for $325.4m in costs.

Bill Carstanjen, CEO of CDI, explained that the company’s sports betting and online gaming business had not performed as expected, emphasising the competitiveness of the space.

“When the US Supreme Court overturned the federal ban on sports betting in May of 2018, we had high hopes for the potential to build a profitable business in this space,” said Carstanjen. “Our initial strategy was to leverage a variable cost technology model and be disciplined in our marketing spend with a focus on bottom ..

February 21, 2022

STS Holdings reports record stakes and active users in 2021

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Polish operator STS Holdings has reported record highs in a number of operating stats, including stakes, in 2021.

The value of bets placed with STS was PLN4.50bn (£830.0m/€1.00bn) during the year, representing a 25.0% increase year on year.

The company recorded 693,000 active users in 2021, up from 557,000 the year before. There was also an 18.0% increase in new registrations, as 370,000 new customers signed up comapred to 314,000 in 2020.

249,000 players placed their first deposits with the company last year, which was a 21.0% increase on 2020’s figure.

CEO Mateusz Juroszek said: “As expected with previous predictions, 2021 was a record year for the group.

“We achieved high increases in key operational data, such as the amounts staked and the number of active users. This shows the dynamics of the growth phase the STS Group is currently in.

“We expect to continue to achieve our previously established medium and long-term goals in the coming reporting periods. What’s more, as w..

February 21, 2022

Louisiana retail betting handle reaches $49.3m in January

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Consumers in Louisiana wagered a total of $49.3m (£36.2/€43.4m) at retail sportsbooks during January, a month in which the state also opened its legal online sports betting market.

The figure was the highest monthly total since Louisiana launched legal retail wagering on October 31 last year, with the January amount 24.8% higher than $39.5m in December and 78.6% more than $27.6m in November.

Revenue from retail sports betting in January amounted to $5.3m, which was 29.3% up from $4.1m in December, but 7.0% lower than $5.7m in November.

Football betting generated $1.5m in revenue during the month, while basketball revenue hit $313,941. Parlay betting was responsible for $3.5m of all revenue for January.

Figures published by the Louisiana Gaming Control Board also showed tax from retail sports betting in January amounted to $533,289.

Legal retail betting began in October of last year when Betfred Sports rolled out in-person wagering in partnership with Paragon Casino Resort, while C..

February 17, 2022

Strong lottery showing helps Tabcorp revenue grow 2.2% in H1

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Australia’s Tabcorp Holdings reported an increase in revenue for the six months ended 31 December 2021, with its lottery division the standout performer ahead of its demerger from the group.

For the first half of the operator’s financial year, revenue was up 2.2% year-on-year to AU$2.93bn (£1.55bn/€1.86bn/$2.11bn).

The largest contributor to the group total was the Lotteries and Keno division, comprising The Lott and Keno brands. It saw revenue increase 10.9% to AU$1.78bn in spite of keno venues being impacted by Covid-19 trading restrictions. While keno revenue was down 9.8% to AU$119.0m, lottery was up 12.7% to AU$1.67bn across retail and digital channels.

A highly visible retail network – comprising newsagents, petrol stations, kiosks and pharmacies – helped turnover grow 5%, while digital’s share of lottery turnover was up from 32.1% in the prior year to 36.7%.

Game development helped keep jackpot games and Saturday Lotto turnover growing. However, other titles, such as scra..

February 14, 2022

Indiana breaks sports betting handle record in January

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The Indiana Gaming Commission has reported sports betting handle of $498.4m (£368.9m/€440.5m) across the state in January 2022, setting a new record.

January’s total eclipses the previous record of $463.7m set in November 2021, in addition to representing a 43.5% increase on the same month in 2021. January’s handle was also a 7.6% increase compared to the previous month.

Basketball proved to be the most popular sport to bet on, with customers wagering $192.4m. Parlay bets followed with $122.6m, while American football attracted $118.3m in wagers.

In terms of adjusted gross revenue (AGR), Indiana’s total came to $35.6m for January – up 21.5% from 2021, but below the record high set in November.

Blue Chip Casino and its FanDuel-operated sportsbook continued to have the highest AGR of $12.2m from a handle of $127.2m. The DraftKings-partnered Ameristar Casino came next with $11.2m despite bringing in a higher handle of $168.9m.

Belterra Casino, another user of FanDuel’s sportsbook, ..

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