Retail sports betting Archives - Page 4 of 13

Colorado sports betting handle hits $425.1m in February

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.

March 28, 2023

Rhode Island sports betting revenue level in February

Sports Betting News Bookiecity

Revenue from sports betting in Rhode Island remained level year-on-year in February, while the state reported only a marginal increase in handle.

Wagering revenue for the month amounted to $3.6m, equalling the amount generated in the same month last year, but down 30.8% from $5.2m in January of this year.

Online betting accounted for $2.0m of revenue in February, while combined retail revenue from Twin River and Tiverton Casino reached $1.6m. Twin River retail revenue hit $1.9m, while Tiverton Casino posted $420,795 for the month.

Read the full story on iGB North America.

March 27, 2023

Tab NZ pens long-term strategic partnering with Entain

Sports Betting News Bookiecity

Tab NZ, the sole holder of a betting licence in New Zealand, has entered into a long-term strategic partnership with Entain.

Under the arrangement, which remains subject to Ministerial approval, Entain will support Tab NZ with delivering wagering and broadcast functions in the country for a period of 25 years.

Tab NZ said it took the decision to enter such a partnership due to increasing competition, rising costs, capital constraints and other challenges that have impacted its ability to deliver adequate funding to racing and sports.

With these challenges expected to increase, Tab NZ said it spent the last six month engaging with a range of operators in relation to a strategic partnering arrangement and received a number of proposals, including the successful pitch from Entain.

Specific terms of the deal will remain commercially confidential until approval is granted, but it was confirmed that Entain was selected based on a wide range of criteria, including operational expertise, c..

March 24, 2023

Mississippi sports betting handle continues to decline in February

Sports Betting News Bookiecity

Sports wagering handle in Mississippi fell again in February, with the US state reporting a month-on-month and year-on-year decline.

Consumers spent $39.8m betting on sports during the month, down 2.7% from $40.9m in the same month last year and also 30.4% lower than the amount wagered in January this year.

In terms of revenue, this reached $3.1m, which was 63.1% higher than $1.9m in February of 2022 but 39.2% behind the $5.1m generated in January.

Read the full story on iGB North America

March 20, 2023

Massachusetts sports betting revenue reaches $2.0m in opening month

Sports Betting News Bookiecity

Sports betting revenue in Massachusetts amounted to $2.0m during the first full month of regulation in February.

The US state opened its legal sports betting market on January 31 with an initial three land-based operators going live: Encore Boston Harbor, MGM Springfield and Plainridge Park Casino.

Plainridge Park proved the most successful of the three operators with $890,555 in revenue for the opening month, just ahead or Encore Boston Harbor on $857,602. MGM Springfield generated $262,066 in sports betting revenue.

Read the full story on iGB North America.

March 17, 2023

NJ gambling revenue up 10.4% year-on-year in February

Sports Betting News Bookiecity

Gambling revenue in New Jersey climbed 10.4% year-on-year during the month of February, with growth in almost all market sectors.

Revenue for the month amounted to $412.2m, according to the New Jersey Division of Gaming Enforcement. This was up from $373.3m in the same month in 2022 but 5.7% behind the $436.9m generated in January of this year.

Physical slot machines remained the core source of revenue in the state, with the $159.3m collected in February being 3.5% ahead of the previous year.

However, land-based table games revenue slipped 4.9% to $55.6m, although this was the only segment to experience a decline.

Read the full story on iGB North America

March 17, 2023

Playtech extends partnership with Betfred

Sports Betting News Bookiecity

Betfred and Playtech have expanded their partnership in a multi-year extension deal that sees Playtech products in Betfred shops.

The two businesses have a 12-year history of working together.

Included in the extension is an increase in the amount of Playtech Self Service Betting Terminals (SSBTs) in Betfred shops. Playtech reports that terminal numbers have grown by 50% in the previous two years and installing more will help meet customer demand for sports betting SSBTs.

Additionally, the terminals will also feature horse and dog racing for the first time.

“This new deal demonstrates the importance of our ongoing relationship with market leader Playtech,” Betfred group chief operating officer Mark Stebbings said. “The importance of betting terminals to our retail offering continues to increase, becoming an increasingly essential gaming component for our customers and, therefore, a crucial part of the future of our company.

“Looking ahead, there is scope for further development..

March 14, 2023

Arizona sports wagering handle reaches $572.5m in December

Sports Betting News Bookiecity

Consumers in Arizona spent $572.5m betting on sports in December of 2022, a year-on-year increase of 14.7%.

The monthly figure was comfortably higher than the $499.2m bet during the same month in 2021, but 7.2% behind the $616.9m wagered in November 2022.

Mobile betting accounted for $566.5m of all bets placed in December, while a further $5.0m was spent at retail sportsbooks in the state.

Read the full story on iGB North America.

March 8, 2023

New Brazil integrity body forms in wake of scandals

Sports Betting News Bookiecity

A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports integrity body, the Associação Brasileira de Defesa da Integridade do Esporte (ABRADIE).

The establishment of the new body follows a number of recent match-fixing scandals in the Portuguese-speaking country, which have led to a national conversation regarding its betting laws.

Involved in the creation of the association are Genius Sports, Entain, daily fantasy sports operator Rei Do Pitaco, as well as law firms Bichara e Motta and Maia Yoshiyasu Advogados, who released a joint statement following the group’s formation.

Luiz Felipe Maia from the Maia Yoshiyasu firm argued that the association was being formed at a “critical time,” due to the pressures of the growing Brazilian market and the ongoing question of regulation.

ABRADIE

ABRADIE states that it will operate as a collaborative group that will partner with regulators, federal and state la..

March 7, 2023

Duelling sports betting bills fail in Georgia

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Two separate sports betting bills in Georgia have failed in the State House and the State Senate.

This means that Georgia’s sports betting dream is dead until the 2024 Georgia legislative session at the earliest.

The Senate bill’s primary sponsor and Republican Majority Leader Bill Cowsert’s strategy was focused on amending the Constitution of the State of Georgia to allow the legislature to pass laws.

The Senate effort aimed to amend Georgia’s constitution

In turn, this would have allowed for sports betting to be operated in the state.

Georgia currently prohibits the authorization of gambling operations, with an enumerated exception for lotteries.

This bill – titled Senate Resolution 140 – did not get the requisite two thirds majority needed for an amendment of the state constitution, and so failed at 30-26 votes.

If the resolution had passed, sports betting would have appeared on the ballot by referendum in November 2024.

And while the amendments enabling legislation Senate B..

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