Sports betting Archives - Page 57 of 60

Delaware sports betting handle down 28.2% year-on-year in January

Player spending on sports betting in Delaware fell 28.2% year-on-year to $8.4m (£6.2m/ in January, while the state also reported a 55.6% drop in revenue for the month.

Delaware’s handle was down from $11.7m in January last year, the second highest monthly total for all of 2021, behind the $12.2m spent in October.

However, the January 2022 figure was up 12.0% month-on-month from the $7.5m wagered in December of last year.

Revenue also dropped sharply year-on-year from a year-high of $1.7m in January of 2021 to $765,092, though this was up 157.8% month-on-month from $296,809 in December of last year.

Players won a total of $765,092 from sports betting in January, placing 228,828 wagers in the process.

Delaware Park was the state’s leading operator during the month, posting $391,335 in total revenue from $4.2m in player wagers.

Dover Downs ranked record with $214,703 in revenue and a monthly handle of $2.3m, then Harrington Raceway on $159,054 in revenue from $1.8m in consumers bets..

February 21, 2022

STS Holdings reports record stakes and active users in 2021

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Polish operator STS Holdings has reported record highs in a number of operating stats, including stakes, in 2021.

The value of bets placed with STS was PLN4.50bn (£830.0m/€1.00bn) during the year, representing a 25.0% increase year on year.

The company recorded 693,000 active users in 2021, up from 557,000 the year before. There was also an 18.0% increase in new registrations, as 370,000 new customers signed up comapred to 314,000 in 2020.

249,000 players placed their first deposits with the company last year, which was a 21.0% increase on 2020’s figure.

CEO Mateusz Juroszek said: “As expected with previous predictions, 2021 was a record year for the group.

“We achieved high increases in key operational data, such as the amounts staked and the number of active users. This shows the dynamics of the growth phase the STS Group is currently in.

“We expect to continue to achieve our previously established medium and long-term goals in the coming reporting periods. What’s more, as w..

February 21, 2022

Louisiana retail betting handle reaches $49.3m in January

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Consumers in Louisiana wagered a total of $49.3m (£36.2/€43.4m) at retail sportsbooks during January, a month in which the state also opened its legal online sports betting market.

The figure was the highest monthly total since Louisiana launched legal retail wagering on October 31 last year, with the January amount 24.8% higher than $39.5m in December and 78.6% more than $27.6m in November.

Revenue from retail sports betting in January amounted to $5.3m, which was 29.3% up from $4.1m in December, but 7.0% lower than $5.7m in November.

Football betting generated $1.5m in revenue during the month, while basketball revenue hit $313,941. Parlay betting was responsible for $3.5m of all revenue for January.

Figures published by the Louisiana Gaming Control Board also showed tax from retail sports betting in January amounted to $533,289.

Legal retail betting began in October of last year when Betfred Sports rolled out in-person wagering in partnership with Paragon Casino Resort, while C..

February 18, 2022

IGT expands in Washington state with Kalispel Tribe deal

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International Game Technology (IGT) has signed a multi-year agreement with the Kalispel Tribe of Indians which will see the company expand its sports betting offering to Washington state.

Under the terms of the deal, the Tribe’s Kalispel Casino will use IGT’s technology to power a retail sportsbook, which is due to open at a later date.

IGT first entered the Washington sports betting market in July 2021 via its partnership with Snoqualmie Casino. The company went on to reach a similar agreement with the Stillaguamish Tribe of Indians and their Angel of the Winds Casino Resort in September.

IGT’s president of sports betting Joe Asher said: “IGT is pleased to build on our sports betting momentum in Washington State and bolster our long-standing partnership with the Kalispel Tribe of Indians by powering sports betting at Kalispel Casino.

“We look forward to bringing a great sports betting experience to the Kalispel Casino so that our long-time partner can further engage its customer..

February 18, 2022

BetMGM scores strategic partnership with SportsGrid

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BetMGM has entered into a strategic partnership with US-facing 24-hour sports wagering streaming network SportsGrid.

Under the agreement, BetMGM content will be integrated across SportsGrid’s original, live programming, supported by television and social media advertising.

Content will include BetMGM’s brand, odds and promotions, while SportsGrid will also have access to BetMGM’s trading team and brand ambassadors to create insider content for its network.

“SportsGrid is making big waves in the streaming world, creating a new avenue for fans to consume sports betting content,” BetMGM chief executive Adam Greenblatt said. “This collaboration allows us to further expand BetMGM’s reach to our fans through SportsGrid’s nationwide broadcast network.”

SportsGrid co-founder and president Louis Maione added: “We are proud to deliver real-time BetMGM data and intelligence to millions of sports fans. This relationship with a recognized leader in the industry helps us better super-serve the g..

February 17, 2022

Strong lottery showing helps Tabcorp revenue grow 2.2% in H1

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Australia’s Tabcorp Holdings reported an increase in revenue for the six months ended 31 December 2021, with its lottery division the standout performer ahead of its demerger from the group.

For the first half of the operator’s financial year, revenue was up 2.2% year-on-year to AU$2.93bn (£1.55bn/€1.86bn/$2.11bn).

The largest contributor to the group total was the Lotteries and Keno division, comprising The Lott and Keno brands. It saw revenue increase 10.9% to AU$1.78bn in spite of keno venues being impacted by Covid-19 trading restrictions. While keno revenue was down 9.8% to AU$119.0m, lottery was up 12.7% to AU$1.67bn across retail and digital channels.

A highly visible retail network – comprising newsagents, petrol stations, kiosks and pharmacies – helped turnover grow 5%, while digital’s share of lottery turnover was up from 32.1% in the prior year to 36.7%.

Game development helped keep jackpot games and Saturday Lotto turnover growing. However, other titles, such as scra..

February 17, 2022

Zebet becomes latest operator to secure Dutch licence

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Dutch regulator de Kansspelautoriteit (KSA) has granted an online gambling licence to a 12th operator – Zebetting and Gaming, which operates the Zebet brand.

Zebetting and Gaming will be permitted to offer bets on sports and horse racing at the Zebet.nl and Zeturf.nl websites.

It becomes only the 12th operator to be permitted to launch online in the Netherlands. When the Dutch online market opened on 1 October – after a number of delays – only ten operators were permitted to launch.

These initial licensees included Bet365, Tombola, Play North, Dutch land-based operator Holland Casino and state lottery Nederlandse Loterij with its Toto Online brand.

The Janshen Hahnraths Group with FPO Nederland, Italy-based Betent, Belgian brand Bingoal, NSUS Malta, which runs the GGPoker.eu brand and sports media and betting business LiveScore Malta also secured licences.

Soon after the market launch, JOI Gaming, a division of Dutch land-based casino operator JVH Gaming & Entertainment Group, be..

February 16, 2022

GiG CEO on first year of B2B focus

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After refocusing on B2B in 2020, 2021 was the year when Gaming Innovation Group's new strategy showed return. For chief executive Richard Brown, it still only feels like the start.

Yesterday (15 February) Gaming Innovation Group (GiG) reported a 28.0% year-on-year rise in revenue for 2021. Following its divestment of its B2C assets in 2020, this marked its first full year as a purely B2B business, and while CEO Richard Brown says he is pleased with the performance he stresses that it’s still the beginning for the company.

Richard Brown, GiG CEO

“We made the shift in 2020, laid the initial groundwork, and in 2021 it started to come to fruition. We felt we had to work on a lot of stuff operationally, so as the results followed the strategic move in sequence, it really feels as if we’re gearing up.”

Revenue for the year was driven predominantly by GiG’s media business, which contributed €45.0m of the total, up 31.2% from the prior year. Brown has previously described that divi..

February 15, 2022

Resorts Digital to grant third NJ skin to “major global company”

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Resorts Digital Gaming, the online arm of DGMB Casinos, is in “advanced discussions” with an unnamed “major global sports betting company” to bring the business into New Jersey under Resorts’ licence.

Resorts Digital said the deal is set to be signed imminently, with the brand then able to launch once it receives approval from the New Jersey Division of Gaming Enforcement.

“I can’t wait to announce this exciting deal once it is finalised – it really will give RDG the most diverse stable of sports betting brands in the New Jersey market,” Resorts Digital Gaming chief executive Ed Andrewes said.

“This will also free up our third sports betting skin, allowing us to focus all our energy on our core casino customers.”

Because New Jersey licensees are only permitted three online sports betting skins.

As Resorts Digital already has deals in place with Flutter’s Fox Bet and DraftKings, the operator will stop offering sports betting on its ResortsCasino.com website.

All existing unsettle..

February 15, 2022

GiG revenue grows 28% as business prepares to acquire Sportnco

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Media services continued to power revenue growth at Gaming Innovation Group (GiG) in 2021, ahead of the business’s acquisition of betting supplier Sportnco.

Overall, revenue was up 28.0% year-on-year to €66.8m (£55.9m/$75.8m).

Media services continued to make up the vast majority of GiG’s overall revenue, bringing in €45.0m, up 31.2% from 2020.

The media services division continued to expand in the US, now having approval to do business in 19 states.

“GiG will continue to invest in the US market to carry out our long-term strategy to claim the US market through our premium assets, Wsn.com and Casinotopsonline.com,” the business said.

GiG CEO Richard Brown added that he was especially impressed by the continued growth of this segment.

“Media Services continues to go from strength to strength, expanding rapidly in new markets and taking further share of wallet in existing markets,” he said. “The team and strategy has delivered exceptionally well during 2021.”

Platform services mad..

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