Sports betting Archives - Page 34 of 60

MaximBet and Genius pen data, marketing and trading deal

Sportsbook operator MaximBet has penned a new data, trading and personalised marketing partnership with sports data and technology business Genius Sports.

Under the terms of the agreement, Genius will provide MaximBet with its PreMatch, LiveData and LiveTrading product offerings, which deliver live feeds and pricing options.

The UK-based business will also supply sports content for MaximBet, including NASCAR, NCAA, EPL, FIBA and the NFL.

The operator will have access to Genius’ NFL product, which includes real-time statistics from the league and the official sports betting data feed. MaximBet also will have access to the official data feed for betting on NCAA sports.

Genius announced similar sports deals with ScoreBreak and Tipsport in July, soon after becoming the official distributor of NCAA data.

MaximBet CEO Daniel Graetzer said that the deal will help the business facilitate its North American growth.

“A premium betting experience requires the best and most exclusive content..

September 8, 2022

CDI pens deal with FanDuel

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Horse racing and casino operator Churchill Downs Incorporated (CDI) has signed a content and sponsorship agreement with Flutter-owned FanDuel.

The multi-year deal involves multiple areas of FanDuel’s business – including its sports wagering, advance deposits wagering (ADW) and television verticals. Under the terms of the deal, CDI will provide B2B technology and services for FanDuel’s sportsbook’s pari-mutuel wagers on horse racing features.

It will also be possible for US-based FanDuel users to place bets on horse racing content at a CDI property, as well as allow FanDuel access to broadcast CDI content on the operator’s newly announced television network. The deal also has provisions providing FanDuel with non-exclusive Kentucky Derby sponsorship rights.

CDI subsidiary, United Tote, will be paid by FanDuel to facilitate the pari-mutuel wagering sections of the agreement. CDI has previously entered into an agreement to sell 49% of United Tote to the New York Race Association, in a..

September 8, 2022

Michigan names 888 as Hannahville tribe’s sports betting provider

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The Michigan Gaming Control Board (MGCB) has approved 888 Holdings subsidiary VHL Michigan LLC as the new online sports betting provider for the Hannahville Indian Community.

The Hannahville tribe initially entered into a platform agreement with Churchill Downs Incorporated’s (CDI) TwinSpires B2B sports betting business, but were forced to find a new supplier following CDI’s announcement that it would be re-orientating to provide a more focused horse racing product.

The community operates the Island Resort and Casino in Harris, Michigan – with the tribe’s online site continuing to trade under the Sports Illustrated brand name.

MGCB executive director Henry Williams said: “The Hannahville tribe is the first operator in Michigan to change platform providers since internet gaming and sports betting began here in January 2021. The tribe has found another experienced partner, and I wish them continued success.”

[Read full story on iGB North America]

September 8, 2022

AGA expects record 46.6 million Americans to bet on NFL 2022 season

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A record 46.6 million American adults are expected to wager on the 2022 NFL season, up 3% on the previous year, according to new research by the American Gaming Association (AGA).

Based on a survey of 2,210 Americans, the AGA forecasted that 18% of the entire US adult population will place at least one bet on the upcoming season, which kicks off on September 10.

Of those planning to wager, 23 million will bet online, up 18% on the 2021 season, while 10.6 million will place a wager in-person at a retail sportsbook, an increase of 2% on the previous season.

The AGA also noted that as legalisation continues to spread, just 13% of bettors said they will use a bookie, down 2% year-on-year, though bookie usage in states without legalised sports betting will be 50% higher.

“The sustained interest in NFL wagering reflects the growth and continued maturation of legal sports betting across the country,” AGA president and chief executive Bill Miller said. “Consumers clearly want legal sports ..

September 7, 2022

Maryland opens mobile sports betting applications

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The Sports Wagering Application Review Commission (SWARC) has officially opened applications for mobile sports betting in the state of Maryland.

The application period opened yesterday (6 September) and will end at 5pm on 21 October. The application fee for mobile licenses is $500,000.

SWARC approved a number of draft regulations for mobile sports betting in July. The following month, on August 26, the regulations were published in the Maryland Register.

Read the full story on iGB North America.

September 6, 2022

Arizona betting handle declines again in June

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The Arizona Department of Gaming reported a further drop in the state’s sports wagering handle in June, with player spending falling 30.9% month-on-month.

Consumers wagered a total of $318.8m on sports during the month, down from $461.5m in May. Of this amount, $316.0m was spent betting on sports on mobile, with the remaining $2.6m bet at retail sportsbooks.

Players won $306.2m from sports betting in June, which resulted in $15.4m in revenue for licensed operators, down 721% from $55.2m in the previous month.

After accounting for $9.2m worth of free bets and promotional credits, taxable revenue for the month was $7.7m, a drop of 81.4% from $41.4m in May.

FanDuel once again led the way in terms of handle, taking a total of $106.3m in bets, some $104.0m of which were via mobile and $2.3m retail. DraftKings placed second with $92.8m in online bets, then BetMGM with $59.7 worth of online wagers.

Turning to gross revenue and FanDuel also claimed top spot with $7.4m in revenue, ahead of..

September 6, 2022

Sportingtech appoints Tommy Molloy as chief sportsbook officer

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Online gaming technology supplier, Sportingtech, has tapped Tommy Molloy to be the business’s new chief sportsbook officer.

Molloy joins the company after a three-year stint as sportsbook and trading director at Pronet Gaming. Before this, he was head of sports trading at Tabcorp UK.

As CSO, Molloy will oversee the business’s sports betting offering, principally working on Sportingtech’s Quantum igaming platform.

Previously known as Pulse Platform, Sportingtech unveiled the rebranded and updated product in July 2021. Among other features, Quantum has a modular design, third-party integrations as well as a content management system.

Molloy’s appointment is the latest in a string of senior leadership changes in the last few months. It follows the nomination of Bobby Longhurst as the business’s new managing director, Colin McDonagh as chief sales officer and Daniel Stone as head of marketing.

In a statement, Sportingtech said that it is counting on Molloy’s expertise in expanding to..

September 5, 2022

Virginia betting handle falls for fourth consecutive month in July

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The Virginia Lottery reported a month-on-month drop in player spending on sports betting for the fourth consecutive month in July, though revenue in the state improved significantly.

Handle for the month amounted to $266.0m (£231.5m/€268.2m), which was 9.9% lower than $295.2m in June this year but 64.2% higher than $161.9m in July of last year.

Adjusted gross gaming revenue, which is defined as total bets minus winnings, bonuses and promotions and other authorized deductions, jumped 64.6% month-on-month to $21.4m.

The Virginia Lottery also noted that this amount was 68.5% higher than $12.7m in the same month in 2022.

Consumers in the state won a total of $240.0m from sports betting during the month, while $396,903 worth of bonuses and promotions were issued to players and the Virginia Lottery also accounted for a further $4.2m in other deductions.

Increased adjusted gross gaming revenue meant the state was able to collect a total of $3.1m in tax from sports betting in July.

Of th..

September 5, 2022

Colorado sports betting handle continues to decline in July

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Consumer spending on sports betting in Colorado fell for the fourth consecutive month in July, though the US state did report an increase in revenue.

Handle in July amounted to $258.4m (£224.8m/€260.5m), the lowest monthly total of the calendar year so far, and also 17.5% lower than $313.2m in June. However, the July total was 42.5% higher than $181.3m in the same month last year.

Of this total, $256.4m was spent betting on sports online, while the remaining $2.0m was wagered at retail sportsbooks across the state.

In terms of gross gaming revenue, this reached $20.8m, which was 205.9% higher than the $6.8m reported in June this year and also 32.5% higher than $15.7m in July 2021.

Online betting accounted for $14.2m of all revenue during the month, with retail reaching just $35,781.

Baseball was the most popular sports to bet on, drawing $110.6m in total wagers, ahead of tennis in $24.4m and basketball with $23.4m.

The state collected $1.1m in sports betting taxes during the mont..

September 2, 2022

Betr launches micro-betting app

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Betr has launched its micro-betting focused app on a free-to-play basis across the US ahead of it obtaining licences and regulatory approval.

Betr was founded by Joey Levy, who was also the founder of Simplebet, and social media personality Jake Paul, who is the business’ president. Its app is focused on enabling users to predict the outcomes of every moment of every sporting event, including all pitches and at-bats in Major League Baseball games and every play and drive of all National Football League fixtures.

Betr officially launched last month, having raised $50m in funding.

The app is available nationwide initially for social play, with users able to wager coins which can be redeemed for real prizes. Having recently applied for a licence in Ohio, Betr added that real money betting will be available over the coming months.

“We are thrilled to announce the launch of the Betr app today,” said Joey Levy, founder and chief executive of Betr.

“We view this free-to-play experience a..

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