Betting News – Page 22 – FairOdds Network

March 5, 2024

Ohio online sports betting nets higher revenue despite handle decline

Ohio saw sports betting handle fall but revenue soar during a mixed start to the new year in the Buckeye State.

Ohio Casino Control Commission (OCCC) data showed revenue of $113.1m for the state’s operators during the month to 31 January 2024. While this was down 46% compared to the same month in 2023, it was up 30% on the previous month, December 2023.

With Ohio’s sports betting market launching in January 2023, this is the first month to enable year-on-year comparisons. That first month of operations saw $210.5m generated by the state’s sportsbooks. However, revenue was as low as $87.3m in December 2023.

Almost all the revenue came from online and mobile, totalling $110.6m, with just $2.5m from retail.

FanDuel, based at Belterra Park, accounted for more than half of revenue as it generated $53.0m. DraftKings, based out of Hollywood Toledo, was the only other operator to contribute more than $10m. It brought in $34.0m in January.

Handle drops following player props ruling

Handle..

March 5, 2024

GC’s Gambling Survey for Great Britain: Lottery reigns supreme

The first data from the Gambling Commission’s (GC) Gambling Survey for Great Britain (GSGB) has highlighted the prevalence of lottery among gamblers in Great Britain.

48% of respondents had gambled in the past four weeks, although that figure dropped to 27% when excluding lottery-only players. Over a fifth of all respondents had only taken part in lottery draws.

The 48% figure of respondents having gambled in the past four weeks is a slight reduction on the 49.5% number stated in the final experimental stage of the survey, released back in November.

Participation drop-off without lottery the same for land-based and online

The pattern was the same for online and land-based gambling. 38% of all participants had used the internet to gamble in the previous four weeks, the same as in the November data, although the removal of those who only play lottery saw that number fall to 16%. In-person gambling participation also fell from 29% to 18% when lottery-only players were excluded.

The ..

March 5, 2024

AI roots out 73% of suspicious matches in Sportradar’s 2023 Integrity Report

Sportradar’s annual Integrity Report revealed it had detected 1,329 suspicious matches during 2023, with AI helping to uncover nearly three quarters of all questionable activity.

Sportradar monitored close to 850,000 events during 2023 – spanning 70 sports, with a total of 1,329 suspicious events occurring across 11 of those sports.

Despite the rise in the number of detections, the actual rate of suspected manipulation remained stable at 0.21% when taking Sportradar’s enhanced artificial intelligence (AI) capabilities into account. The 1-in-467 manipulation rate was almost level with the 1-in-473 events total from 2022.

Overall, 99.5% of events had no suspicious betting take place, while no sport had a suspicious match ratio higher than 1%. Both of those statistics were the same as last year.

As per Sportradar’s expectations, football and basketball led the way for detections with 880 and 205 suspicious matches respectively. Table tennis was third with 70.

Sportradar’s integrity w..

March 5, 2024

FanDuel named as Carolina Panthers’ sports betting partner

FanDuel has been named as an official sports betting partner of the National Football League (NFL) Carolina Panthers, just days before North Carolina’s legal mobile sports betting market opens.

The North Carolina State Lottery Commission confirmed the 11 March launch date for the state’s mobile sports betting market in January. Players could register for – and fund – accounts from 1 March.

The new partnership between FanDuel and the Carolina Panthers’ NFL team allows fans to pre-register on the FanDuel Sportsbook app ahead of the market’s go-live date. FanDuel will also collaborate with the team on social media content and display digital signage at the Carolina Panthers’ Bank of America Stadium.

Fans can pre-register on FanDuel’s sportsbook app ahead of the 11 March go-live date

North Carolina marks the 22nd state where FanDuel is active with mobile sports betting. It joins the likes of Arizona, Colorado and New Jersey.

Mike Raffensperger, chief commercial officer at FanDuel, sai..

March 5, 2024

New York confirms plans for $1bn Belmont Park racing makeover

New York’s governor, Kathy Hochul, has confirmed plans for the $1bn transformation of the historic Belmont Park racecourse.

The project, which will include the construction of a completely new grandstand, will be complete in 2026. The majority of work will be concluded during the first quarter of 2026 with the building ready later that year.

Governor Hochul said the new 275,000 sq ft grandstand will offer “the modern amenities and hospitality offerings fans now expect”. New York Racing Association (NYRA), which will oversee construction, has now released a series of renderings ahead of commencement.

New renderings of the transformed belmont park have been released

The demolition of the current Belmont Park grandstand/clubhouse is slated to begin in March and will continue through early July. This summer’s Belmont Stakes Racing Festival will be held at Saratoga to allow for uninterrupted construction at Belmont Park.

New York authorities said the multi-year project will generate $1..

March 4, 2024

Caesars first to launch sports betting in North Carolina with tribal partnership

Caesars Entertainment has become the first operator to launch legal online sports betting in North Carolina, rolling out its sportsbook in partnership with the Eastern Band of Cherokee Indians.

North Carolina is not due to launch full-scale legal sports betting until 11 March. However, Caesars’ deal with the tribe and the Indian Gaming Regulatory Act has made it possible for the operator to go live ahead of this date.

Players can place bets at two Cherokee-run casinos: Harrah’s Cherokee Casino Resort and Harrah’s Cherokee Valley River Casino & Hotel. Betting is also permitted on the Eastern Band of Cherokee Indians’ tribal lands.

caesars’ tribal deal will see the operator first to go live

Caesars’ online sports betting offering will be extended across all North Carolina when the market fully launches next week. The operator has been running retail sportsbooks in the state for a number of years, with the online offering to complement these.

“We’re thankful to be able to offer wage..

March 1, 2024

Nevada gambling revenue hits $1.28bn in record-breaking January

Gambling revenue in Nevada edged up 0.8% year-on-year to $1.28bn (£1.01bn/€1.18bn) in January, the highest total on record for the opening month of the year.

Revenue was marginally higher than $1.27bn in January 2023 but 10.5% behind December’s $1.43bn haul.

Slots accounted for $885.9m of revenue in January, up 1.3% from last year. Some $567.2m of this came from multi-denomination slots, while penny slots drew $231.1m in revenue.

Table and card games decline hits Nevada

In contrast to this growth, table, counter and card games revenue dcelined 7.5% to $393.5m in January.

Blackjack was the primary source of revenue here, despite an 18.2% decline to $98.3m. Craps revenue slipped 19.4% to $32.0m and roulette 40.7% to $27.4m.

Baccarat was only one of four areas within this segment to post growth, with revenue up 8.0% to $98.0m. Pai Gow poker revenue jumped 125.5% to $11.2m, while “card games” revenue climbed 0.5% to $13.2m for the month.

American football betting drives sports wage..

March 1, 2024

Fanatics hits milestone with sportsbook launch in New York

Fanatics Betting and Gaming (FBG) has announced the launch of its sportsbook in New York, marking the 15th state in which it offers online sports betting.

Players in New York can now download the Fanatics Sportsbook and begin placing bets on a range of events.

Fanatics replaces PointsBet in New York. Customers previously betting with PointsBet in the state will have their information automatically migrated to the Fanatics Sportsbook. This includes their username, password, account balance, rewards points and any responsible gaming settings.

The launch marks the latest phase of Fanatics’ acquisition of PointsBet US. FBG purchased the business in August 2023 and has been phasing out the PointsBet brand ever since.

the launch marks fanatics’ latest acquisition phase of pointsbet us

Earlier this week, Fanatics also rolled out its sportsbook product in Indiana. The New York launch means it is now active in 15 states including Colorado, Connecticut, Iowa, Kentucky, Maryland, Massachuset..

March 1, 2024

North Carolina issues eight online sports betting licences ahead of launch

With less than two weeks to go until online sports betting goes live in the state, the North Carolina State Lottery Commission has awarded eight interactive sports wagering licences to operators.

Sports betting will launch in North Carolina on 11 March. This is after the state’s governor, Roy Cooper, signed House Bill 347 into law last year.

Among the approved licensees are heavy-hitters such as FanDuel and DraftKings. Fanatics, Bet365, BetMGM, ESPN Bet and Underdog are also set to launch in the state.

Operators who sought approval to offer sports betting in the state had to partner with a sports team, league or venue within North Carolina. That led to a flurry of deals as operators looked to secure entry into the state.

For instance, DraftKings partnered with stock-car racing series Nascar, while BetMGM teamed up with the Charlotte Motor Speedway in the state. ESPN Bet gained entry to North Carolina by signing a major PGA Tour deal to become the official betting operators of the W..

February 29, 2024

Analysing the data: Breaking down Spain’s 2023 in numbers

Spain is rapidly emerging as one of Europe’s most exciting markets for growth. We take a look inside the numbers – with a positive 2023 for the country’s online gambling market.

The headline number from Spain’s Directorate General for the Regulation of Gambling (DGOJ) is the €1.24bn (£1.06bn/$1.35bn) in gross gambling revenue (GGR) for 2023, up year-on-year by well over a quarter at 28.4%.

Spain’s GGR has now increased every year since 2013 bar 2021. The 28.4% hike is the largest year-on-year rise since 2017.

Deposits and withdrawals rose by 15.5% and 10.1% respectively. The number of active gamblers also edged up by 2.7% to over 1.6 million.

Casino and betting on the rise in Spain

Of that €1.24bn in GGR, casino led the way with 50.5% of the total, accumulating €624.8m in revenue for 2023. Meanwhile, betting wasn’t far behind, accounting for 39.8% with €491.8m of GGR. Poker, bingo and contests then lagged behind with €115.3m, €14.4m and €480,000 respectively.

Looking at those num..

February 29, 2024

New Hampshire sports betting decline continues in January

The New Hampshire Lottery reported further declines in the state’s sports betting market in January, with both handle and gross gaming revenue falling year-on-year.

Player spending in January amounted to $73.3m (£57.9m/€67.7m). This was 24.6% behind $97.2m in New Hampshire last January and 7.0% lower than $78.8m in December. It was also the second consecutive month of handle decline in the state.

Of this total, $62.7m was spent betting on sports online, while players wagered $10.6m at retail sportsbooks.

revenue was 7.0% lower than $78.8m in December 2023

Looking to gross gaming revenue, there was mixed news in the state. Revenue was down 20.3% from the record $12.3m in January 2023 but 27.3% ahead of $7.7m in December.

Some $8.9m of all revenue in January came from online betting. A further $951,079 was generated from wagering at retail sportsbooks across New Hampshire.

DraftKings remains the exclusive operator in the state’s online sports betting market. This arrangement has be..

February 29, 2024

BlueBet nets record wagering turnover revenue in H1 – offsets US loss

BlueBet Holdings reported a 12.6% increase in revenue during the first half of 2024 on the back of record turnover, but higher costs led to a wider net loss.

Revenue for the six months to 31 December hit AU$27.8m (£14.3m/€16.7m/US$18.1m), up from $24.7m in H1 of 2023 at BlueBet. This, BlueBet said, was driven by record wagering turnover of $319.5m for the half.

The six-month period saw BlueBet further grow its Australian business, with revenue rising 13.0% to $27.9m. Active customers in the country were also up 13.0%, which in turn helped pushed turnover up 6.9% to $298.7m.

revenue of AU$27.8m was driven by record wagering turnover of $319.5m for h1 2024

However, against this background of growth in Australia was some bad news for BlueBet. In August, the Victorian Gambling and Casino Control Commission charged BlueBet for breaching state rules on advertising. If found guilty BlueBet could face a fine of up to AU$945,187.

US expansion continues for BlueBet

Over in North America,..

August 2026
Mon	Tue	Wed	Thu	Fri	Sat	Sun
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30
31