Consumers in Arizona spent $572.5m betting on sports in December of 2022, a year-on-year increase of 14.7%.
The monthly figure was comfortably higher than the $499.2m bet during the same month in 2021, but 7.2% behind the $616.9m wagered in November 2022.
Mobile betting accounted for $566.5m of all bets placed in December, while a further $5.0m was spent at retail sportsbooks in the state.
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Mobile sports betting handle in New York fell year-on-year in February, while both spending and revenue were also lower than the record figures posted in January.
Consumer spending on sports betting in February amounted to $1.47bn, down 3.9% from $1.54bn in the same month last year and also 17.9% behind the record $1.79n wagered in January 2023.
In terms of gross gaming revenue from mobile betting, this reached $108.3m in February, a 31.4% increase from $82.4m last year but 27.5% shy of the record $149.4m generated in January of this year.
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Ahead of the Cheltenham Festival, industry experts and data reveal consumer spend is set to spike, although affordability checks may impact one of the most anticipated events in horse racing.
Cheltenham begins today (14 March) and ends on Friday 17 March and, while betting volumes are set to rise, the festival will play out amid rising concerns about affordability checks on consumers.
A study conducted by YouGov – which was commissioned by the affiliate Online Betting Guide (OLBG) – surveyed a total of 1,007 gamblers in the UK between 23 February and 2 March.
It found that 11% of punters are gearing up to gambling more on Cheltenham this year than they did last year, compared to 10% who said they were planning to gamble less than they did at Cheltenham 2022.
A total of 23% said they were planning on gambling around the same amount on the event year-on-year.
In addition, 6% of those surveyed said they did not bet on Cheltenham last year but planned to do so this year, while 50% sai..
Playtech has purchased a minority equity ownership stake in Hard Rock Digital (HRD), the interactive gaming and sports betting division of Hard Rock International and Seminole Gaming, as part of a wider deal between the two businesses.
Playtech will pay $85.0m (£69.8m/€79.5m) for a low, single-digit percentage stake in HRD, with proceeds from the investment to fund HRD’s global expansion.
Hard Rock’s online and retail sports betting is currently operated in select US states including Arizona, Indiana, Iowa, New Jersey, Ohio, Tennessee and Virginia. It aims to extend its online sportsbook and igaming offerings to select international markets in the coming years.
Global supply deal
As part of the wider arrangement with Playtech, HRD will license a range of the developer’s technology solutions and igaming content.
In the US and Canada, HRD’s customers will be able to play a selection of Playtech’s slots, random number generator and live dealer table games through HRD’s existing pr..
Sportradar, the sports tech company and subsidiary of Sportradar Group AG, has been successfully chosen as the bidder for the global Association of Tennis Professionals (ATP) betting and streaming rights.
After a comprehensive request for proposal (RFP) process by Tennis Data Innovations (TDI), the streaming rights will commence in 2024 and last for a six-year cycle.
The RFP process kicked off in early 2023 as the TDI reviewed five different bidders’ proposals across multiple rounds.
This is not Sportradar’s first exposure to ATP. The company has supplied official ATP Tour and Challenger Tour secondary data feeds since the beginning of 2022.
Tennis Data Innovations CEO, David Lampitt, commented on Sportradar’s success: “We are grateful to all the bidders who showed such commitment to our content throughout the selection process.
“Sportradar has been chosen as the best partner to deliver against our growth ambitions due to their combination of product capabilities, global reac..
Slots veteran Fredrik Elmqvist is turning his luck to the mad bad world of sports betting – but will it work?
Elmqvist is well-deserving of his reputation as the king of slots.
However, more than 10 years on from his epoch-making launch of Yggdrasil, the Stockholm native is turning his luck to the decidedly different proposition of sports betting in his latest project ParlayBay, which seeks to make its name as the new champions of micro betting.
The Swedish entrepreneur certainly has a nose for where the action is, describing it a “pretty interesting” time to be setting out on a venture such as this.
Elmqvist describes a US sports betting landscape that is shifting into a new, subtler gear following the marketing wars that characterised the earlier days of the PASPA repeal.
“For a few years there’s been a shift into sports betting and you see, in the United States rollout, both the need for new products and to keep the marketing costs down, as well as still [the need to] get new..
Political heavyweight Rick Perry believes a proposal to regulate mobile sports betting in Texas will pass “overwhelmingly” if it is put to voters.
Speaking on the World Series of Politics podcast, Governor Rick Perry said the proposal filed by Senator Lois Kolkhorst represented the best way to legalise betting in the Lone Star State.
Legal sports betting in Texas will also generate significant new revenue, he continued. The full podcast can be heard below.
It could net half a billion dollars according to recent estimates, the longest-serving governor in the state’s history said. This could pave the way for lowering other taxes, and generate more for infrastructure spending.
Governor Perry is in favour of a constitutional amendment to facilitate legal betting in Texas
Plans for Texas mobile betting
Senate Bill 715 and its House counterpart HB1942 set out the framework for regulated betting.
The bills set out plans for a mobile market, with the state’s professional sports fran..
Adjusted gross revenue from sports wagering in Indiana increased year-on-year in February despite a drop in the US state’s handle.
Player spending on betting during the month amounted to $356.2m, which was 12.9% lower than $409.1m in February 2022 and also 16.6% behind the $427.2m wagered in January this year.
Basketball remained by far the most popular sport among consumers, drawing $166.0m in total wagers during February, some way ahead of football on $20.6m and baseball with just $441,296. A further $69.3m was spent on parlay bets and $99.6m on other sports.
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Player spending on sports betting in Iowa declined 10.2% year-on-year in February, although the state was able to report an increase in revenue.
Handle for the month reached $193.9m, which was down from $215.9m in February 2022 and also 17.1% behind the $233.9m wagered by consumers in January of this year.
Of this total, $176.2m was spent betting online, while the remaining $17.7m was wagered at retail sportsbooks.
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March Madness Odds Tracker powered by Kambi
The six online operators approved to launch mobile sports betting offerings in Massachusetts – FanDuel, DraftKings, WynnBet, Barstool, BetMGM and Caesars – have gone live in Massachusetts.
More than six months on from when then-governor Charlie Baker signed House Bill 5164 into law, players have begun placing bets from the six online operators licensed by the Massachusetts Gaming Commission (MGC) – joining the now majority of US states that have legalised the activity.
The rollout follows the launch of retail sports betting towards the end of January, that permitted any land-based casino or racetrack operator to apply for a licence.
“The debut of sports betting in Massachusetts has delivered an incredible amount of excitement and activity to our retail sportsbook at MGM Springfield,” said BetMGM CEO Adam Greenblatt. “We’re proud to expand our best-in-class wagering experience statewide during one of sports’ biggest months of action.”
Role of sports fans
President of Caesars Digit..
Second Spectrum, part of the Genius Sports group, has signed a multi-year extension to its partnership with the National Basketball Association (NBA).
Under the deal, Second Spectrum will serve as an official NBA League Pass augmentation provider and an official NBA team basketball analytics provider.
NBA tracking data will continue to be integrated into Genius Sports’ basketball insights and analytics engine, while Genius Sports will also continue to provide its services to all 30 NBA teams.
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