Sports betting Archives - Page 53 of 60

Louisiana online betting draws $211m in wagers in first full month

Players in Louisiana staked $211.0m (£160.4m/€190.7m) during the first full month of legal online sports betting in the US state.

Louisiana opened its regulated market on January 28 following the launch of retail sports wagering in October of last year.

Penn National Gaming and its Barstool Sportsbook, Caesars, DraftKings, Rush Street Interactive and its BetRivers Sportsbook, and Flutter Entertainment-owned FanDuel Group in partnership with Boyd Gaming all went live with online sports betting on opening day.

A total of $40.5m was wagered by consumers during the first four days of regulated online betting in the state in January.

Revenue from the first full month of online sports wagering amounted to $16.7m, though this included $11.7m in revenue from promotional wagers. Excluding these offers, revenue was $2.7m.

Football betting was the main source of revenue for online operators, generating $9.8m, ahead of basketball on $5.1m and parlay betting at $4.4m.

Looking at retail bettin..

March 18, 2022

Inside The Pocket links up with ESPNcricinfo for fantasy offering

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Cricket website ESPNcricinfo is linking up with white-label free-to-play sports games aggregator Inside The Pocket (ITP) to launch a new daily fantasy offering for India and the Indian subcontinent.

The free-to-play game will be launched via ITP’s WonderWins brand to coincide with the start of the 2022 Indian Premier League twenty20 cricket competition on March 26.

WonderWins, which will also house match coverage, news, information and analysis, will be ESPNcricinfo’s exclusive daily fantasy provider in India.

ITP, which launched in November 2020, said that WonderWins would be able to connect with “over 85 million discerning cricket fans on the ESPNcricinfo platform and further drive conversations with over 15 million highly engaged fans across its social media channels”.

According to a study by the Federation of Indian Chambers of Commerce and Industry (FICCI) in association with knowledge provider EY, the value of the Indian fantasy sports market is expected to reach $2.5bn (£1.9..

March 18, 2022

Snooker legend Ronnie O’Sullivan to appear at ICE London 2022

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Snooker legend Ronnie O’Sullivan will appear at ICE London 2022 as a brand ambassador for Delasport.

O’Sullivan – a six-time World Snooker Champion who holds the career record for both maximum and century breaks – will appear at the world’s largest gaming show at sports betting and igaming software supplier Delasport’s stand.

“I am delighted to confirm that Ronnie O’Sullivan, the greatest snooker player of all time, will be making his first appearance as Delasport Brand Ambassador at our stand S1-340 at ICE London,” Delasport CEO Oren Cohen Shwartz said.

Cohen Shwartz added that O’Sullivan and Delasport share a number of values.

“Ronnie is a terrific personality and a snooker genius,” he said. “He is widely recognised as one of the most accomplished players in the history of the game.

“Established 11 years ago, Delasport has earned an industry reputation as a premium Sports Betting supplier, and so our collaboration with Ronnie is a natural choice for us as we share similar valu..

March 18, 2022

Pennsylvania betting operators record negative GGR in February

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Gambling revenue in Pennsylvania increased 24.4% year-on-year to $375.7m in February, despite the state reporting a loss for its regulated sports betting market.

The overall figure for February was up from $302.0m in the same month last year but was 4.4% lower than $393.1m posted in January of this year.

Figures published by the Pennsylvania Gambling Control Board (PGCB) showed year-on-year growth in almost all areas of the market, with the exception of sports betting where revenue plummeted from $16.4m in February 2021 to a loss of $442,847.

This was the first month in the history of the regulated Pennsylvania market in which operators made a loss.

Retail revenue reached $1.0m but online revenue came in at a loss of $1.5m. Players staked a total of $597.1m on sports during the month, an increase of 17.2% on last year.

Valley Forge, with its partner FanDuel, was the most successful sports betting operation in February, posting $1.6m in revenue. Hollywood Casino at Penn National’s ..

March 17, 2022

Minnesota committee approves online betting bills

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A Minnesota house legislative committee has adopted two bills that would both allow for online sports betting to be conducted by the state’s 11 federally recognised Native American tribes.

The Committee for Finance and Policy was presented with a tribal and commercial sports betting bill – House Bill 778 – and House Bill 167, which initially had nothing to do with sports wagering and instead dealt with sentencing hearings.

However, it opted to amend both bills to produce identical pieces of sports wagering legislation in which betting may be operated by the state’s recognised tribes.

Both bills would allow for only two master sports betting licences, which may be granted to “organisations comprised of two or more Indian tribes”.

Of these licences, one will go to an entity with headquarters north of Interstate Highway 94, and one located south of the highway. I-94 stars at the Wisconsin border near Minneapolis and moves northwest before leaving the state near Fargo, North Dakota.

March 17, 2022

Kansas to consider new sports betting bill

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The Kansas House of Representatives is to run the rule over a new bill that seeks to legalise online and retail sports betting in the US state, with operators entering into contracts with the state lottery.

Sponsored by the state’s House Federal and State Affairs Committee, House Bill 2740 sets out proposals to expand the existing lottery act to allow for online sports wagering.

The bill states that the Kansas Lottery would be able to offer sports betting through one or more lottery gaming facility managers that have entered into a contract with the lottery.

Each lottery gaming facility manager would be limited to operating three interactive sports wagering platforms, while they would also be permitted to agree a deal with an approved interactive sports betting platform, subject to clearance by the Kansas Lottery.

Sports wagering supplier licences would run for a period of two years, though the lottery may award provisional licences for up to one year. The bill said that fee for th..

March 16, 2022

STS adds horse racing to UK site

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Poland-based operator STS has announced its expansion into the horse racing vertical in the UK.

The operator has announced its expansion into horseracing on the week of Cheltenham Festival. STS’s portfolio of services already includes sports betting, virtual sports, online casino and esports betting.

It will be increasing its offering across a range of horse and greyhound racing content in the UK, providing live streaming from international and domestic racecourses throughout the year. Customers will also be able to watch the races and bet via mobile devices.

STS will receive risk-managed odds, data and live-streamed video, all provided by At the Races (ATR) Markets.

“We are going to work with ATR Markets over the coming months to enhance the product further by adding additional features plus adding to the available content, including international racing from other territories” said STSBet managing director, Filip Sosnowski.

“We will offer regular horse racing promotions, special..

March 16, 2022

Betsson to reshuffle board with three new appointments

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Betsson’s nomination committee has proposed Eva de Falck, Louise Nylén and Tristan Sjöberg as new board members.

In addition, the committee proposed Johan Lundburg as chairman, as previously announced, as well as the re-election of Eva Leach, Peter Hamberg and chief executive Pontus Lindwall to the board.

Tristan Sjöberg had previously served on Betsson’s board for six months in 2018. However, he stepped down at the time because he was “in a legal dispute with Swedish tax authorities regarding tax liability”.

Tristan Sjöberg

He is vice chairman of the TCSJohnHuxley Group and co-owner of Knutsson Holdings. He is considered an “active owner” of Betsson, as Knutsson is the operator’s fourth-largest shareholder, and so he will represent these interests on the board.

Eva de Falck

Eva de Falck and Louise Nylén were both proposed as independent directors. De Falck is a senior consultant, advisor and board member of Skandiabanken, and has also served as general counsel and a member of..

March 14, 2022

Iowa sports wagers climb 50.4% YoY to $215.9m in February

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Iowa’s sports betting handle increased 50.4% year-on-year to $215.9m (£165.3,/€197.0m) in February, while the state also experienced an 11.7% rise in revenue.

The amount bet by players was comfortably higher than the $143.6m spent in February of 2021, but this total was 28.8% lower than the $303.3m wagered in January of this year.

Once again, the majority of bets were placed over the internet, with mobile wagers for the month amounting to $195.0m, up 55.8% year-on-year.

In contrast, retail bets totalled $20.9m, though this was 13.6% more than in February last year.

Revenue for the month across all channels amounted to $8.6m, up from $7.7m in the same month in 2021.

Online revenue was 33.3% higher than 2021 at $8.0m, while retail revenue continued to lag behind on $589,920, which was down 68.8% year-on-year from $529,920 last year.

Looking at individual operator performance for February, Diamond Jo Casino in Worth, which is partnered with FanDuel, ranked first with $1.5m in combin..

March 14, 2022

Americans expected to bet $1.3bn on March Madness 2022

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More than 17% of all American adults plan to bet on March Madness 2022, with a total of $3.1bn (£2.4bn/€2.8bn) expected to be wagered on games, according to the American Gaming Association (AGA).

A survey of 2,210 adults across a range of ages, races, ethnicities, education and locations found that 45 million adults are planning to wager on the NCAA college basketball tournament, which officially began yesterday (March 13) with Selection Sunday and will run through to April 4.

Of those that plan to bet, 20.9 million said they expect to wager on the tournament outside of bracket contests, meaning they will place bets either at an online or retail sportsbook, a bookie or with friends.

The AGA also found that 36.5 million people plan to bet via a bracket contest or similar pool.

In addition, 17% of consumers named Gonzaga as their pick to win the tournament, ahead of Duke on 12% and Kentucky with 11%.

Since last year’s tournament, 29 million more American adults are now able to legal..

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