Betting News – Page 74 – FairOdds Network

August 22, 2023

How will ESPN Bet carve out its place in the industry?

The stakes are high for ESPN's long-awaited foray into sports betting. Vice president of sports betting Mike Morrison believes the broadcasting behemoth will upend the established industry order.

“There was an inevitability about this,” ESPN’s Mike Morrison says of the sports giant’s move into betting.

Partnering Penn Entertainment to launch ESPN Bet brought years of speculation – and the operator’s partnership with Barstool Sports – to a close. This was momentous at every level.

First, the announcement came as a surprise. Penn’s sportsbook now connects with a vast audience, potentially catapulting the operator’s interactive business to the top tier of operators.

To the general news connoisseur, beloved multimedia behemoth the Walt Disney Company – owner of ESPN – entered the sports betting race.

ESPN Bet: A deal five years in the making

Sports betting is a natural extension for ESPN and speculation over deals with DraftKings and Caesars Entertainment was rife.

Morrison say..

August 22, 2023

Kentucky opens online betting pre-registration as launch nears

Players in Kentucky can pre-register for online sports wagering from 28 August, ahead of the regulated market launching next month.

Kentucky’s governor, Andy Beshear, announced the initiative in his approved timetable for the rollout of legal betting.

Retail betting is going live on 7 September, with online following on 28 September. Next week’s pre-registration launch means players can sign up for an account a month ahead of the online market opening.

“The countdown is on; we are just three weeks away from sports wagering in Kentucky,” Beshear said. “We are ready to deliver the quality entertainment experience Kentuckians asked for. We’ll also bring in money to support pensions and free up funds to build a better Kentucky.”

Vote due on Kentucky licence applications

The announcement comes as the Kentucky Horse Racing Commission (KHRC) meets later today (22 August) to vote on licence applications.

Earlier this month, Bet365, FanDuel, BetMGM, Caesars, Circa, DraftKings and Penn Spo..

August 21, 2023

Fanatics partners Guardians to open first MLB ballpark sportsbook

Fanatics Betting and Gaming (FBG) has opened a new retail sportsbook at the Cleveland Guardians’ Progressive Field, its first facility at a Major League Baseball (MLB) ballpark.

The Fanatics sportsbook features two betting windows, four self-service betting kiosks and seven TV monitors. Consumers can bet on MLB games as well as other major sports such as hockey, basketball, baseball, tennis, soccer and golf.

Progressive Field is located in downtown Cleveland, Ohio, and has a capacity of more than 38,000.

“We’re very excited to partner with FBG to bring a retail sportsbook location outside Progressive Field,” Guardians’ vice-president of corporate and premium partnerships, Ted Baugh, said. “This will provide our fans a very convenient in-person option to place bets.”

Fanatics retail sportsbook complements online

The retail facility comes after FBG last week launched its online sportsbook in a number of states.

Fanatics’ online sportsbook is live in Maryland, Massachusetts and Tenn..

August 21, 2023

Australia launches national self-exclusion register BetStop

The Australian government has today (21 August) announced the launch of the country’s new national self-exclusion register, BetStop.

Players can self-exclude from gambling for a minimum of three months and for as long as their lifetime. BetStop covers all licensed interactive wagering service providers in Australia, including online and telephone-based operators.

Operators must block self-excluded players from opening account and cannot accept any bets from these customers. Licensees must also ensure they do not send any marketing materials to those on the register.

In addition, operators are required to promote BetStop including on their websites and apps, as well as in marketing material sent to customers.

BetStop completes National Consumer Protection Framework for Online Wagering

The launch of BetStop has been a long time coming, with plans to launch a register announced in June 2022. Today’s launch is in line with a timetable set out by the government last month.

BetStop m..

August 18, 2023

Mississippi sports betting revenue level at $2.5m in July

Sports betting revenue in Mississippi remained level year-on-year at $2.5m in July, despite a slight dip in player spending.

Revenue was in line with the $2.5m posted in July 2022 and 38.9% ahead of $2.5m in June this year.

In terms of handle, players wagered a total of $17.7m. This was down 3.3% from $18.3m last year but 13.2% behind $20.4m in June.

Coastal casinos drew $11.5m in bets during the month and posted $1.2m in total revenue.

A further $3.9m was spent at central casinos, with revenue at $896,790, while handle for northern casinos hit $2.3m and revenue $403,005.

Baseball remained the most popular sports among players in the state, drawing $9.6m in bets. Of this total, $6.8m was wagered at coastal casinos in Mississippi.

August 18, 2023

Pennsylvania gambling revenue up 8.9% to $467m in July

Gambling revenue in Pennsylvania increased 8.9% year-on-year to $467.0m in July, driven by growth across the igaming and sports betting segments.

Monthly revenue in Pennsylvania was ahead of $429.1m in July 2022 and 6.0% higher than $440.5m in June this year.

Retail slots remained the primary source of revenue by some margin, generating a total of $214.7m during the month. This was 0.4% higher than in the previous month. In contrast, retail table games revenue slipped 3.8% to $83.4m.

Turning to igaming and revenue in this market increased by 34.8% year-on-year to $132.9m. This included $94.9m in online slots revenue, up 31.9%, and $35.4m in internet table games revenue, a rise of 48.0%.

Hollywood Casino at Penn National continued to lead this segment with $54.4m in igaming revenue. Valley Forge Casino Resort placed a distant second on $29.2m, then Rivers Casino Philadelphia with $26.8m.

Pennsylvania July sports betting revenue hits $32.1m

Elsewhere, there was also an increase in ..

August 18, 2023

Washington DC sports betting handle slumps to $7.7m in July

Player spending on sports wagering in Washington DC declined 31.9% year-on-year to $7.7m in July, although gross gaming revenue was higher.

Monthly handle was some way behind the $11.3m wagered in July 2022. The figure was also 31.3% less than $11.2m in June of this year.

However, there was better news in terms of gross gaming revenue. In July, revenue in DC hit $1.4m, up 16.7% from $1.2m last year and 188.3% ahead of June’s $484,672 total.

Gambet back on top in DC

Gambet, run by the DC Lottery and powered by Intralot, reclaimed top spot in the market in July. The brand posted $486,970 in revenue from $3.1m in total wagers.

Caesars Entertainment, which led the market in June, placed second with betting revenue of $435,049 and a $2.7m handle.

BetMGM was next with $318,222 from $1.2m in bets, then Grand Central Bar, partnered with Elys Game Technology, on $137,458 off $329,694.

FanDuel, which operates a retail sportsbook at Audi Field, posted revenue of $17,790 from a handle of $3..

August 18, 2023

Caesars extends online racebook to New York

Caesars Entertainment has announced the launch of its mobile horse racing wagering app and website in the state of New York.

The Caesars Racebook product offers New York consumers access to pari-mutuel wagering on races from more than 300 tracks worldwide.

Caesars Racebook is also integrated with the Caesars Rewards loyalty programme. Players earn points for each wager placed and can exchange these credits for experiences at any Caesars location across the US and Canada.

The New York launch follows successful rollouts of the racebook in a number of other states. These include California, Colorado, Florida, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Montana, North Dakota, Ohio, Oregon, Pennsylvania, Washington and Wyoming.

Caesars said plans are in place to also launch the racebook product in more states across the US.

Joint effort in New York with NYRA Bets

“Building on the popularity of our Caesars Sportsbook app, we are thrilled to launch Caesars Racebook..

August 18, 2023

Italy igaming dashboard

Presenting iGB’s Italy dashboard with data provided by Ficom Leisure. Track all the movements in Italy’s online market since 2019, as well as the shifting revenue shares over the period.