Sports betting Archives - Page 49 of 60

Bally’s Interactive pens partnership with the Cleveland Browns

Bally’s Interactive, a division of Bally’s Corporation, has entered into a long-term partnership with American football team the Cleveland Browns.

The partnership, which will see Bally’s named as an official sports betting partner of the team, comes before the official launch of sports betting in Ohio.

The Buckeye State is set to offer online and mobile sports betting before January 1, 2023, after Governor Mike deWine set this as the deadline to launch an official sports betting market.

Read the full story on iGB North America.

April 26, 2022

New Yorkers using multiple mobile betting apps, research suggests

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Mobile sports betting players in New York use an average of 3.3 apps to place bets, suggesting a lack of operator loyalty, according to research from mobile gaming customer acquisition company Betting Hero.

The research took place over March 2022 and assessed the answers of 215 respondents aged 21-64.

Most of the respondents (83%) were male.

The research revealed a number of key facts about New York’s mobile sports betting market, which opened on 10 January 2022.

Respondents reported using an average of 3.3 apps to place mobile sports bets. This is more than in New Jersey where an average of 2.8 apps are used.

A total of 23% of respondents stated they used four apps, while 19% used two apps. Using three apps was the third most popular choice, at 18%.

Six percent of respondents reported using six apps, while 4% reported using seven.

Turning to operators, 63% of sports bettors included DraftKings in their lists when asked to name as many real-money online sportsbooks as they could..

April 25, 2022

South Carolina sports betting bill introduced

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A bill that would permit sports wagering in South Carolina has been introduced and referred to the state Committee on Judiciary.

House Bill 5277 was first introduced in the state House on 21 April. It is sponsored by representatives William Herbkersman and Tom Rutherford.

If passed, it would add new provisions to the Code of Laws on South Carolina 1976, allowing interactive sports betting in the state.

Read the full story on iGB North America.

April 22, 2022

ComeOn approved for Ontario licence

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ComeOn has secured approval for an Ontario sports betting licence, becoming the 31st operator to do so.

The operator’s registration by the Alcohol and Gaming Commission of Ontario (AGCO) as a sports betting operator was effective yesterday (21 April).

The operator’s licence will expire in two years, in April 2024. This would make ComeOn only the 12th operator to be approved for a two-year licence, with most operators approved for only one year. Ontario Lottery and Gaming Corporation, the provincial lottery operator, has a licence running until 2052.

Ontario launched its regulated market on 4 April of this year. Operators such as Unibet, theScore, BetRivers, 888, PointsBet, LeoVegas, Bwin, Bet365, FanDuel, BetMGM and Caesars all secured licences on launch day, April 4, while more recent licensees include Betway and North Star.

This market launch followed almost three years of work to open up the market, after the government revealed plans to end the lottery’s online gambling monopo..

April 22, 2022

Regulator calls on Norsk Tipping to launch betting loss limits

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Norwegian regulator Lotteri-og Stiftelsestilsynet has called on monopoly operator Norsk Tipping to reduce the availability and number of casino games on its site, and for the introduction of loss limits for sports betting.

In the regulator’s 2021 annual report, it found that both customer and turnover numbers reached a record high for Norsk Tipping, one of the country’s two monopolies alongside racing operator Norsk Rikstoto.

“There may be several reasons for the growth,” the regulator said. “One of the reasons may be that people through the corona pandemic have had more free time due to restrictions in leisure activities.”

This came despite the operator reducing its monthly loss limit for “high-risk” games from NOK10,000 (£869/€1,037/$1,117) to NOK7,500 in December 2020, before cutting it further, to NOK5,000, in September 2021.

While it noted that this represents a success for channelisation, the regulator added that it had asked the operator to strengthen its player protection ..

April 21, 2022

Inside the deal to bring News Corp Australia into sports betting

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Following months – if not years – of speculation, News Corp Australia has made its move into sports betting, in partnership with Tekkorp Capital, BetMakers and seasoned industry executive Matt Tripp. Tekkorp president Robin Chhabra talks iGB through the process.

Less than two weeks after it announced a new advisory arm, Tekkorp Capital flexed its muscles by playing a key role in the deal that creates a formidable new competitor for Australia’s sports betting sector.

News Corp Australia has created NTD: a consortium involving Tekkorp Capital and TGW, which was formed by Sportsbet and BetEasy founder Matt Tripp.

This group has struck a ten-year supply deal with BetMakers to power a new sportsbook product. The offering is due to launch in the second half of 2022, in time for the pinnacle of the Australian racing season, the Spring Carnival.

Two of Tekkorp’s senior team, chief executive Matt Davey and president Robin Chhabra, will join NTD’s board. Chhabra explains that while Austra..

April 21, 2022

DC betting revenue down 26.3% in March despite handle increase

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Sports wagering revenue in Washington DC fell 26.3% year-on-year to $1.4m (£1.1m/€1.3m) in March, despite handle increasing 34.2% year-on-year.

Revenue for the month was down from the $1.9m posted in March 2021, but was 89.1% up from $740,542 in February of this year, which was the lowest monthly revenue total since July 2020.

In contrast, consumer spending increased year-on-year from $15.2m in March last year to $20.4m, with this figure also 6.8% higher than $19.1m in February this year.

Breaking down individual operator performances for the month, Caesars, which runs an online sportsbook and a retail offering at the Capital One Arena, led the way in terms of revenue with $563,801 off a handle of $563,634.

Gambet, operated by the DC Lottery and powered by Intralot, placed second after paying out $5.7m in winnings from $6.2m in player wagers, leaving $511,801 in revenue.

BetMGM, which is active in DC via a partnership with Major League Baseball franchise the Washington Nationals, ..

April 20, 2022

Fanatics denies Amelco sportsbook deal

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US sports apparel business Fanatics has denied a deal is in place with betting supplier Amelco to build a sportsbook for the brand.

Reports last week claimed that Fanatics had agreed a source code deal with Amelco as part of its plans to build a sports betting product.

“There is no deal in place with Amelco,” the spokesperson said, however.

Fanatics, which raised $1.5bn in January this year at a $27bn valuation, has long been credited with an interest in expanding from sports memorabilia into sports betting brand.

Last year, the business was among the bidders to operate sports betting in New York. Fanatics and Penn National Gaming’s Barstool brand were each listed as operators in a bid from Kambi.

This bid was ultimately unsuccessful, however.

Instead, a FanDuel-led consortium comprising DraftKings, BetMGM and Bally Bet was recommended, as was Kambi’s other proposal – involving Caesars Sportsbook, PointsBet, Resorts World, Rush Street Interactive and Wynn Bet.

The business also..

April 20, 2022

Dazn to launch sports betting brand with Pragmatic deal

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Sports streaming business Dazn has partnered with betting and gaming supplier Pragmatic Group in order to launch Dazn Bet – its own sports betting brand, which is set to soft launch in August.

Dazn will launch a new business, headquartered in Gibraltar, to operate sports betting under the new brand, which will do business “in multiple regulated territories”. The platform for this product will be provided by Pragmatic, through an exclusive multi-year deal with the media group.

“It’s an honour for us to partner with DAZN,” Pragmatic Solutions chief executive Ashley Lang said. “We know that fans want more integrated, immersive, and interactive experiences, and through our exclusive partnership with DAZN, we can deliver this.”

Dazn said that the new sports betting business would “develop a fun, convenient, and integrated experience for casual bettors to enjoy alongside DAZN’s live sports streaming”, as part of what it called “the trend towards recreational in-play betting”.

Shay Segev
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April 12, 2022

Indiana sports betting handle rises 50.6% year-on-year in March

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Players in Indiana wagered $476.8m (£365.9m/€438.3m) on sports in March, an increase of 50.6% on the same month last year.

The amount spent by consumers during the month far surpassed the $316.7m bet in March of 2021, while this total was also 16.6% higher than $409.1m in February this year according to the Indiana Gaming Commission.

With the NCAA basketball tournament occurring in March, basketball remained by far the most popular sport to bet on in Indiana, attracting $274.1m in bets. Football wagers reached $2.0m and baseball $1.6m, while parlay betting amounted to $121.3m and other sports drew $76.5m in wagers.

In terms of revenue, adjusted gross revenue for the month stood at $32.3m, which was up 22.8% from $26.3m in March 2021 and 90.0% higher than $17.0m in February of this year.

Looking at individual operator performance, FanDuel partner Blue Chip Casino led the way in revenue terms, posting $12.2m in revenue off a $143.8m handle.

DraftKings-partnered Ameristar Casino had ..

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