July 23, 2024 – FairOdds Network

July 23, 2024

DraftKings announces plans for DC sports betting launch

The pool of sports betting operators in Washington, DC got a little bit bigger on Tuesday (23 July) when DraftKings announced intentions to launch its platform in the newly opened competitive market.
With the addition of DC, DraftKings will have launched in 29 North American jurisdictions.

“We would like to thank the DC Council for creating a path to bring DraftKings’ top-rated sportsbook to the nation’s capital,” DraftKings’ North American president, Matt Kalish, said in a statement.

“Together with DC United, we look forward to delivering fans a best-in-class experience through our customer-friendly product.”

DraftKings will join FanDuel, BetMGM and Caesars Sportsbook in offering mobile sports betting throughout the District. The latter two operators went live in the nation’s capital on 17 July.

They had expected to launch two days earlier. But there was a short delay related to the city’s FY2025 budget, which included the provisions needed to open the marketplace from a monop..

July 23, 2024

EveryMatrix enjoys “best ever period of sustained growth” as Q2 hits new heights

EveryMatrix reported record quarterly revenue of €42.4m (£35.7m/$46.1m) in Q2 following year-on-year growth across all products, while the supplier also saw EBITDA reach an all-time high.
Net revenue was 56.5% higher than the €27.1m posted by EveryMatrix in Q2 last year. It is also ahead of the previous quarterly record – €39m for Q1 this year – by 14.3%.

This figure does not include the impact of recent M&A activity. When the revenue total is adjusted to account for acquisitions, it reaches €82m, some 45% higher year-on-year compared to 56.5% net revenue growth, showing strong growth in the underlying business.

Group EBITDA for Q2 hit €25.1m, up 67.3% from last year and 12.6% higher than Q1’s existing record. As was also the case with revenue, it was the third consecutive quarter of a new high for EveryMatrix, while EBITDA margin also reached 59%.

“It’s difficult to know what to say when our results just keep getting better and better,” CEO Ebbe Groes (pictured above) said. “What..

July 23, 2024

Esports suspicious betting cases rise in IBIA Q2 integrity report

Esports accounted for 54% of suspicious betting activities recorded by the International Betting Integrity Association (IBIA) in Q2, while the total number of alerts during the quarter jumped 80% year-on-year.
Some 90 suspicious betting alerts were tracked by the IBIA in Q2, according to its latest Integrity Report. This is up from 50 in the previous year and also higher than the 56 initially noted in Q1 this year. However, the Q1 figure has since been revised to 93.

Esports led the way by some distance, compared to just one suspicious esports betting alert sent out in Q2 of last year.

The IBIA noted a single esports case related to suspicious betting activity on 68 esoccer matches played in Q1 and Q2. This, it said, has caused a significant increase in the overall number of esports alerts in 2024, with esports accounting for 50% of all alerts across the first two quarters.

Integrity concerns over esports betting, however, have been present for some time now, with efforts to combat ..

July 23, 2024

DraftKings sells VSiN to Musburger Media

DraftKings has sold the Vegas Sports Information Network (VSiN) to Musburger Media for an undisclosed price after first acquiring the network for $70m in March 2021. The deal was announced on Monday (22 July).
As part of the deal, VSiN’s original founders, Brian Musburger and Bill Adee, will take back control of the company. The two men founded the sports betting network in 2017 and guided it through the original 2021 sale to DraftKings. The network features 18 hours of daily original betting-focused content and streams 24/7.

In a statement on Monday, Musburger said the “original vision for VSiN still holds” despite the relatively quick sell-off.

“We truly appreciate the work we’ve done with DraftKings and look forward to continuing to collaborate on future projects,” he said. “Bill and I couldn’t be more excited about leading VSiN into the future and cementing our position as a trusted authority in sports betting.”

DraftKings thanked VSiN “for a great relationship” and said it “..

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Daily Archives: July 23, 2024