Sports betting Archives - Page 42 of 60

Virginia betting handle surpasses $5bn since 2021 launch

The Virginia Lottery reported a year-on-year rise in both sports betting revenue and handle in May, while the amount wagered by players since the state launched in legal market has now surpassed $5.00bn (£4.13bn/€4.79bn).

Consumer spending for the month reached $351.5m, up 54.9% from $227.0m in May 2021, but 12.0% down from $399.5m in April of this year.

Spending in May meant the amount wagered by players since the state’s legal market opened in January last year stands at $5.33bn. Virginia surpassed $1.00bn in bets in June of last year.

Adjusted gross gaming revenue, which is defined as total bets minus winnings, bouses and promotions and other authorised deductions, jumped 75.2% year-on-year $15.7m to $27.5m.

This amount also represented a 32.2% month-on-month increase from $20.8 in April of this year.

Consumers won a total of $308.9m from sports betting during the month, while $10.0m in bonuses and promotions were issued to players. An additional $5.0m in deductions was also re..

July 4, 2022

Rhode Island sports betting revenue slips to $2.3m in May

Sports Betting News Bookiecity

Revenue from sports betting in Rhode Island slipped to a year-low of $2.3m (£1.9m/€2.2m) in May, though the state’s handle was up month-on-month.

Player spending for the month reached $41.1m, up 45.2% from $28.3m in May of 2021 and also 2.2% higher than $40.2m in April this year.

Of this total, $25.3m was spent online, while the other $15.8m was bet at retail sportsbooks at the Twin River and Tiverton Casino locations.

Revenue was down 14.8% year-on-year from $2.7m in May last year and 11.5% lower than $2.6m in April of this year. The monthly figure was also the lowest total since $1.2m was posted in December 2021.

Some $1.9m of total revenue was attributed to online betting, with the remaining $461,059 being retail revenue split across Twin River and Tiverton Casino.

Of the two casinos, Tiverton Casino came out on top with $404,515 in revenue from $5.3m in player bets, ahead of Twin River with just $56,544 in revenue, but almost double the size handle of $10.5m.

Last week, it wa..

July 1, 2022

Giving betting a voice

Sports Betting News Bookiecity

Betting is becoming easier than ever as the industry aligns itself with technological breakthroughs. One of the most recent of these is speech technology, which allows machines to recognise spoken word and perform related commands. This has been widely integrated, with devices like Amazon’s virtual assistant Alexa being a staple in many homes.

Technology company Voxbet seeks to bring automation into the sports betting world, giving bettors the opportunity to speak a bet or tip into existence. Its technology also allows bettors to type their bet for further accessibility.

Jonathan Power, CEO and founder of Voxbet, speaks about what the company offers and how voice technology creates a unique betting experience.

What does Voxbet offer that other providers don’t? How do these elements offer like a unique experience for players?

We’re a technology provider that simplifies the navigation of a sportsbook. So if you think about how you navigate anything else online, like Amazon or eBay, ..

July 1, 2022

Genius Sports expands partnership with Tipsport

Sports Betting News Bookiecity

Genius Sports has expanded its long-term partnership with Czech sportsbook operator Tipsport.

As part of the expansion, Tipsport has agreed to increase the number of annual events that are covered by Genius Sport’s data and technology products.

In turn Genius Sports will show real-time feeds and pin-point pricing for a number of competitions; including the National Football League (NFL), Euroleague basketball and the English Premier League.

In addition, Tipsport will be able to access Genius Sport’s full NFL product suite, which includes the league’s real-time statistics, its sports betting data feed and its Next Gen Stats product.

“Never-ending innovation is firmly part of our DNA so we’re thrilled to widen our partnership with Genius Sports for the upcoming years,” said Petr Komarek, Tipsport head of data and streaming.

“Considering this strong bond, we’re excited to engage many more customers and provide them with our world-class services. We look forward to create compelling a..

June 30, 2022

Betfred Sports switches to OpenBet in Iowa

Sports Betting News Bookiecity

Betfred Sports has expanded its partnership with OpenBet having selected its digital and retail technology across its operations in the US state of Iowa.

Betfred’s Grand Falls Casino & Golf Resort sportsbook facility is now powered by OpenBet’s retail solutions including betting counters and self-service kiosks. Betfred will also utilise OpenBet’s digital technology and sports betting engine for mobile and online betting.

The two groups have already partnered for Betfred’s entry into the Arizona, Colorado, Louisiana and Pennsylvania regulated markets.

Bryan Bennett, chief operating officer at Betfred, said: “OpenBet’s products and technology perform consistently across our existing locations, so naturally we entrusted the company to power our offering in Iowa. We first launched in Iowa in 2020, and we look forward to working with OpenBet to continue building on that success.”

Betfred had launched in Iowa with an Optima-powered product, though it used the technology of Openbet owner..

June 30, 2022

NFL hires first sports betting executive

Sports Betting News Bookiecity

The NFL, the most popular sports league in the US, has hired David Highhill as vice president, general manager of sports betting; the first executive the league has had dedicated to sports betting.

Highhill will lead the league’s efforts to reduce the effects of gambling-related harm, advance the value of the NFL’s brand and reputation, support fan engagement, as well as improve the value of the NFL’s data and intellectual property.

He has been with the NFL for 10 years, and will move from the corporate strategy group, where he previously led the league’s analytics department.

The NFL already has a number of sports betting partnership agreements, most recently with 888sport, which will be the league’s official sports betting partner in both the UK and Ireland until 2025.

In the US, FOX Bet, BetMGM, PointsBet, and WynnBET were announced as official partners last year, alongside Caesars, FanDuel and DraftKings.

June 28, 2022

Laos to mimic POGO model with new offshore licences

Sports Betting News Bookiecity

Laos is set to regulate online gambling, setting up a regime where operators licensed in the country targeting markets elsewhere in Southeast Asia such as Thailand.

In a model similar to Philippine Offshore Gaming Operators (POGOs), operators that receive a licence may set up an online gambling operation, but may not accept customers who are based in Laos.

Danny Too, a consultant assisting the Laotian government on the process, told iGB that the government is currently in the process of drawing up its regulations for the sector.

He said that the government had planned to publish guidelines to apply for licences in two months’ time.

According to Too, initial master licences are set to be issued to a small number of businesses, which can then contract out “sub-licences” to a wider number of businesses, similar to the model in Curaçao.

Too noted that this was due in part to the effects of Covid-19, which was devastating to Laos’ foreigner-only land-based casinos.

“During the pandemi..

June 27, 2022

Sportradar announces new all-in-one sportsbook solution Orako

Sports Betting News Bookiecity

Sportradar has announced Orako, its new all-in-one sportsbook solution for betting operators.

Orako offers technology, products and tools for operators looking to establish an omnichannel sports betting service for customers.

The sportsbook solution will feature Sportradar’s own portfolio and will present two options for operators to choose from- the choice of a service fully managed by Sportradar, or an option that allows operators to manage their own service using the Orako tools and technologies.

Orako will also include marketing services, and is powered with artificial intelligence and machine learning capabilities.

“The sports betting industry is hyper competitive, growing at pace and offering more opportunities than ever to operators,” said Jacob Lopez Curciel, managing director for managed sportsbook services at Sportradar.

“With Orako, we can manage up to 100 percent of a sportsbook’s operation and alleviate their need to invest in additional technology and innovation, fre..

June 24, 2022

KSA chair Jansen questions whether industry is “capable of self-regulation”

Sports Betting News Bookiecity

René Jansen, chair of Dutch regulator de Kansspelautoriteit (KSA), has questioned whether self-regulation is possible within the gambling industry, as he expressed his continued frustration with operators that “look for the edges of the law”.

In a blog post, Jansen looked back on a roundtable discussion on gambling in the House of Representatives, in which he participated.

This discussion noted the success of the country’s online gambling regime in channeling players to licensed offerings since the market launched in October 2021. However, it also noted areas where there was room for improvement.

In particular, Jansen said one issue that became obvious in the discussion was “the behavior of some legal operators, who – unfortunately – did look for the edges of the law”.

As a result of this, Jansen said he had his doubts about whether it was possible for the industry to regulate itself.

“This raises the question of the extent to which the sector as a whole is capable of self-regulat..

June 24, 2022

FDJ’s ParionsSport launches anti-cyberbullying campaign

Sports Betting News Bookiecity

ParionsSport, the sports betting division of Française des Jeux (FDJ), has launched an anti-cyberbullying campaign to raise money for online harassment helpline 3018.

The campaign, titled #SmashTheHaters, intends to support the French Tennis Federation’s (FFT) fight against cyberbullying suffered by tennis players.

As part of the campaign, ParionsSport released a video on their Twitter account to raise awareness of online harassment in tennis.

The operator said that for one week, they will donate five euros for each retweet to 3018, a free and anonymous service for victims of digital harassment.

The service was launched in February this year and is made up of a team of psychologists, digital experts and legal professionals.

Earlier this month, FDJ signed a sports content deal with Sportradar. FDJ also launched a safer gambling campaign in April of this year.

Tag Archives: Sports betting