Betting News – Page 99 – FairOdds Network

April 24, 2023

NFL suspends five players over betting violations

The National Football League (NFL) has issued suspensions to five players after ruling they breached the league’s gambling policy.

Detroit Lions receivers Jameson Williams, Quintez Cephus, Stanley Berryhill and safety CJ Moore were all suspended, as was Washington Commanders defensive end Shaka Toney.

Cephus, Moore and Toney were all suspended indefinitely for betting on games during the 2022 season and will not be able to apply for reinstatement until after the 2023 season.

Read the full story on iGB North America

April 24, 2023

Waterhouse VC: Are you feeling lucky?

In his latest column for iGB, Tom Waterhouse of Waterhouse VC discusses the place of syndicate betting and artificial intelligence in the industry.

Business partners David Walsh and Zeljko Ranogajec are professional bettors, whose syndicate bets about $10bn per annum across horse racing, sports betting and lotteries. Walsh spent $75m to re-open Hobart’s Museum of Old and New Art (MONA) in 2011.

In our December newsletter, we discussed the niche but highly lucrative field of professional betting. Betting successfully is incredibly challenging, with other market participants always trying to take your edge. This dynamic means that betting strategies must be adjusted all the time.

The Pharos wing at Australia’s MONA museum

Rebating their competition away

The large betting syndicates receive generous rebates from pari-mutuel or tote betting for providing liquidity. This gives them a significant edge, which varies depending on pool or jurisdiction, over other participants.

To receive ..

April 21, 2023

Mississippi bounces back in March as handle and revenue climb

Sports betting revenue and handle in Mississippi both increased month-on-month in March, while the US state also reported a year-on-year rise in revenue despite a dip in spending.

Handle in the month amounted to $46.7m, which was 2.5% lower than $47.9m in the same month in 2022 but 17.3% ahead of $39.8m in February of this year.

Turning to revenue, the state posted $5.0m for the month, up 22.0% year-on-year and also 61.3% higher than $3.1m in February.

Read the full story on iGB North America

April 21, 2023

Police raid German sports betting operator

Police in Germany have carried out raids and arrested six people as part of an investigation into an unnamed sports betting operator.

The German sports betting raids took place yesterday (20 April) and followed two and a half years of undercover investigations related to the operator, with allegations including suspicion of forming a criminal organisation, offering illegal gambling and withholding wages in reference to undeclared work.

Raids were carried out by police from the German regions of North Rhine-Westphalia, Bremen, Berlin, Saxony and Bavaria, as well as authorities in Malta and Croatia. Raids took place at premises across all these regions, although the focus of the effort was Cologne.

In a joint statement issued by the Prosecution of Organised Crimes (ZeOS NRW) and the State Criminal Police Office for North Rhine-Westphalia, investigating authorities executed over 100 search warrants and six arrest warrants during the raids.

More than 100 private apartments, betting sho..

April 20, 2023

New Hampshire sets sports betting handle record in March

Consumers in New Hampshire spent a record $103.4m betting on sports in March, beating the previous monthly high set back in January 2022.

The monthly handle was 3.9% ahead of the existing record of $99.5m, as well as 31.2% up from $78.8m in March 2022 and 18.9% ahead of the $87.0m spent in February this year.

Players wagered $93.4m online as well as $10.0m at retail sportsbooks across the state.

Read the full story on iGB North America

April 20, 2023

Kindred enters Washington State with Swinomish Tribe

Kindred Group has expanded into the Washington State market by launching the first phase of its partnership with the Swinomish Tribe.

Under the agreement, Kindred will roll out a retail operation at the Swinomish Casino & Lodge, in line with a wider, six-year deal announced in October last year.

The first phase of the sportsbook launch covers Unibet branded kiosks and over-the-counter sports betting, with further developments to include a Unibet sports betting lounge, due to launch later this year.

Read the full story on iGB North America

April 20, 2023

Record igaming revenue drives growth in Michigan in March

Gross online gambling revenue from commercial and tribal operators in Michigan jumped 33.4% year-on-year in March, helped by record monthly igaming revenue.

Gross receipts for the month from igaming and online sports betting reached $216.4m, up from $162.2m in March 2022 and $170.8m in February of this year.

Of this total, $171.8m came from online casino, a new record for the state surpassing the previous monthly high of $153.7m that was set in January 2023.

Read the full story on iGB North America

April 20, 2023

FDJ revenue ticks up across the board in Q1

French national lottery operator Française des Jeux (FDJ) reported revenue of €662m (£583.9m/$726.5m) for the first quarter of 2023, ended 31 March.

This was up by 8% compared to FDJ‘s performance in Q1 2021.

On a pro forma basis for 2022 – which included revenue from FDJ’s point of sales segment Aleda and payment service L’Addition – the revenue was up by 5.3% comparably.

Lottery revenue for the quarter was 6.4% higher than in Q1 2022, at €497m, while sports betting revenue grew slightly by 0.2%, remaining fairly level at €129m.

A total of €5.49bn was wagered with the operator during the quarter, a rise of 8.6%. Digital stakes made up €698m of the total.

From points of sale, revenue hit €4.79bn, a rise of 6.9%.

“The first quarter of 2023 was marked by the continued good financial and extra-financial performance of the FDJ group,” said Stéphane Pallez, chair and CEO of FDJ. “Our turnover is up by more than 5%, driven both by our network of 30,000 points of sale and by the good m..

April 20, 2023

Betr brings on the Cavinder twins as equity partners

Beter has agreed an exclusive media partnership for the Cavinder twins to join the business as content creators, creative directors and equity partners.

The Cavinder twins, Hanna and Haley, are former NCAA basketball players who have built a large social media following. In an exclusive deal, they will bring their Twin Talk podcast, which originally launched on iHeartRadio, to Betr Media.

Betr said that this partnership will expand on-camera content and female-focused sports content for the company.

In addition to their own podcast, the Cavinder twins will make regular appearances on BS w/ Jake Paul and other Betr Media content across multiple platforms.

Founder and CEO of Betr, Joey Levy, says he is thrilled to welcome the Cavinder twins to the company. He said: “They have already accomplished so much and are just scratching the surface of their potential.”

The Cavinder twins said the partnership offers growth potential to their brand.

“Betr gives us the ability to accelera..