Retail sports betting – Page 10

November 3, 2023

Maine sports betting market opens for business

Maine has today (3 November) officially opened its legal sports betting market, with both Caesars and DraftKings already live in the state.

Milt Champion, executive director for the Maine Gambling Control Unit (GCU), only told iGB of the launch plans in the middle of the week. Now, just a few days later, the sports betting market is now live, with consumers already placing bets.

DraftKings is one of two operators to go live on opening day despite only confirming its plans for betting Maine earlier this week. It has linked up with the Passamaquoddy tribe to launch online.

Also launching today is Caesars who are going live in partnership with three of the Wabanaki Nations. These include the Houlton Band of Maliseet Indians, Mi’kmaq Nation and Penobscot Nation.

“Maine sports fans deserve an elevated sports wagering experience that matches the pedigree of sports fandom in New England,” Caesars Digital president Eric Hession said. “The launch of Caesars Sportsbook delivers on that pedi..

November 3, 2023

Oklahoma governor sets out legal sports betting plans

Kevin Stitt, the governor of Oklahoma, has set out proposals to legalise online and in-person sports betting in the US state.

Oklahoma is one of only 15 states yet to regulate sports wagering. However, Stitt’s proposal could open the door for the state to open a legal market.

Plans are at an early stage, but Stitt has set out how the market could work in Oklahoma.

Retail betting would be limited to federally recognised Indian tribes, in line with a state-tribal gaming compact. Stitt said in-person wagering revenue would be taxed at a rate of 15%.

As for mobile betting, Oklahoma would award licences for operators to offer this form of betting to players. Licences would cost an initial $500,000 (£409,795/€470,463), plus an annual renewal charge of $100,000.

Mobile licence-holders would be able to accept sports bets from anywhere inside the state of Oklahoma. They would also be subject to a higher tax rate than retail operators, with this set at 20% of revenue.

“I promised Oklahoman..

November 2, 2023

Maine to launch legal sports betting on 3 November

Maine will launch its legal online and retail sports betting markets tomorrow (3 November), with players able to start placing wagers from 9am local time.

Milt Champion, executive director for the Maine Gambling Control Unit (GCU), confirmed the news to iGB ahead of the launch. This comes after the Department of Public Safety (DPS) and GCU announced rules for wagering in Maine have been adopted.

Licensed operators and their management service were permitted to begin promoting their offerings from 1 November. They have also been able to accept registrations and deposits in preparation for tomorrow’s launch.

“I’d like to thank the dedicated staff at DPS, GCU, Adcare Maine Problem Gambling Services, the attorney-general’s Office and the sports wagering industry for their input and patience in the rulemaking process,” Champion said.

Long road to sports betting in Maine

The confirmed launch comes almost 18 months after sports betting was legalised in Maine.

The state’s governor, Jane..

November 1, 2023

Seminole Tribe plans Florida sports betting relaunch in December

The Seminole Tribe of Florida has set out plans to launch sports betting, roulette and craps at all six of its casinos across the state in December.

This would signal the end of a turbulent journey for the Seminoles. The tribe agreed a new gaming compact with Florida in April 2021, with this signed off by state governor Ron DeSantis.

A series of legal challenges have prevented the Seminole Tribe from pushing forward with its expanded gambling plans earlier. However, the tribe says recent developments clear the way for it to launch.

Craps, roulette and sports betting will launch on 7 December at Seminole Hard Rock Hotel & Casino Hollywood, Seminole Classic Casino in Hollywood and Seminole Casino Coconut Creek. The Seminole Hard Rock Hotel & Casino Tampa will follow a day later.

The final two properties – Seminole Casino Immokalee and Seminole Brighton Casino – will go live on 11 December. The tribe will host a series of events to mark the occasion, with further details being announc..

October 30, 2023

Tribal sports betting ballots filed in California

Two ballot initiatives that would give tribes exclusive rights to offer retail and online sports betting in California have been filed with the state's attorney-general.

Both ballots name Reeve Collins, co-founder and CEO of Pala Interactive, as the contact for media inquiries. Pala Interactive was founded by the Pala Band of Mission Indians in 2013 and was acquired by Boyd Gaming in November 2022.

The ballots were submitted on 27 October.

One of the proposed ballots, entitled The Sports Wagering Regulation and Tribal Gaming Protection Act, gives full detail as to how sports betting would work under tribes in California. Amending Article IV, section 19 of the California constitution, the proposal would mandate tribes to submit 15% of its adjusted sports wagering gross gaming revenue (GGR) into the tribal sports wagering revenue sharing trust fund.

Tribes would also have to contribute 10% of their adjusted sports wagering GGR into the California homelessness and mental health f..

October 30, 2023

Rhode Island sports betting handle hits six-month high in September

Players in Rhode Island spent $37.6m betting on sports in September, the highest monthly total since March but lower than last year.

The figure is 9.8% less than the $41.7m spent in Rhode Island in September 2022. However, it is 67.1% more than $22.5m in August this year and the highest total for six months.

Of this total, $28.7m was spent betting online and $9.0m at retail sportsbooks. Land-based wagers were placed at physical facilities at Twin River and Tiverton Casino. Twin River took $5.7m in bets and Tiverton Casino $3.2m.

September sports betting revenue reaches $3.5m

Revenue from sports betting in Rhode Island increased by 150.0% month-on-month in September to $3.5m. This was, however, 45.3% lower than $6.4m in September 2022.

Online betting accounted for $2.8m of all revenue during the month. Retail’s share was $663,538, split between Twin River and Tiverton Casino. Twin River posted $441,485 in revenue and Tiverton Casino $222,053.

Rhode Island players won a total of $3..

October 26, 2023

New Hampshire sports betting handle dips year-on-year in September

Consumer spending on sports wagering in New Hampshire declined 14.6% year-on-year in September, while revenue in the state also fell.

Handle in New Hampshire hit $66.8m in September. This was down from $78.2m in the same month last year but 72.2% higher than $38.8m in August 2023.

Online betting accounted for $59.2m of all sports betting spend during the month. Retail’s share amounted to $7.7m. DraftKings is the only operator that offers online sports betting in New Hampshire having secured exclusive rights in November 2019.

September revenue in New Hampshire tops $6.2m

Turning to revenue, this followed a similar pattern as handle. Gross gaming revenue reached $6.2m in September, down 16.2% from $7.4m in September 2023 but 87.9% up from $3.3m in August this year.

Mobile sports betting generated $5.6m in revenue, while retail wagering drew $609,874.

New Hampshire collected $2.7m in tax from sports betting in September. Some $2.4m came from online betting and $274,060 from retail a..

October 26, 2023

Louisiana sportsbooks take record $43.1m in revenue during September

Sports betting revenue in Louisiana reached an all-time high of $43.1m in September, while the state fell just short of its monthly handle record.

Combined online and retail gross revenue was 37.7% ahead of $31.3m in September of last year. The figure also comfortably surpassed the previous Louisiana record of $37.2m set in December 2022.

Of this total, $36.0m came from online betting and $5.7m from retail wagering in Louisiana.

In terms of adjusted revenue, which discounted promotional betting, revenue was $41.8m. This was 34.0% ahead of September 2022.

Louisiana September handle narrowly misses record

Turning to consumer spending, total handle for September stood at $280.1m. This was 37.4% ahead of $203.8m in 2022 and only just behind the record $282.3m wagered in January this year.

Players bet $248.8m on sports online and a further $31.4m at retail sportsbooks across the state of Louisiana.

Breaking down performance by sport, football was the most lucrative for operators, dra..

October 26, 2023

US Supreme Court denies West Flagler’s motion to stay

The US Supreme Court has denied West Flagler Associates' motion for a stay, giving hope to Florida's Seminole tribe for a sports betting relaunch in the Sunshine State.

Chief Justice John Roberts denied the motion to stay yesterday (25 October), which was described by the official Supreme Court blog as an “emergency application for stay”.

Brett Kavanaugh, Associate Justice of the Supreme Court, said in a statement that he agreed with the court’s decision.

“I agree that the stay application should be denied in light of the DC Circuit’s pronouncement that the compact between Florida and the Seminole tribe authorises the tribe to conduct only on-reservation gaming operations and not off-reservation gaming operations,” he said.

“If the compact authorised the tribe to conduct off-reservation gaming operations, either directly or by deeming off-reservation gaming operations to somehow be on-reservation, then the compact would likely violate the Indian Gaming Regulatory Act, as..

October 25, 2023

BetMGM seals Sportradar NBA tracking data deal

BetMGM will have access to products and services supported by NBA optical tracking data under an expanded partnership with Sportradar.

BetMGM will use the products to expand its in-play betting markets and its prop and parlay offerings.

Sportradar’s partnership with the NBA gives it access to player tracking data from the start of the 2023-24 season. The new NBA campaign got underway yesterday (24 October). Sportradar also exclusively provides NBA data worldwide and distributes live coverage of the league to sports betting operators globally .

Sportradar chief commercial officer Eduard Blonk said the BetMGM deal will support “the return-on-investment of our partnership with the NBA”.

“We’re pleased our value-add products and services will unlock the potential of NBA optical tracking data for BetMGM,” he said.

The NBA’s agreement with Sportradar was initially announced in 2021. As part of the deal, the league secured an equity stake in the data provider.

Jarrod Schwarz, chief prod..

October 25, 2023

Arizona sports betting spend surpasses $358m in August

Consumers in Arizona spent more than $358.0m betting on sports in August, while operators in the state posted more than $30.0m in total revenue.

Total spend in Arizona amounted to $358.9m. This was marginally lower than the $361.0m bet in August 2022 but 11.1% ahead of $323.2m in July this year.

Arizona bettors wagered $354.6m betting on sports online and a further $3.4m at retail locations across the state.

Player winnings stood at $327.2m, resulting in $30.9m in adjusted gross event wagering receipts before free bets. The latter is 10.7% lower than in August last year and includes $30.2m from online betting and $606,731 retail.

Free bets exceed $9.4m in Arizona in August

Reporting the figure, the Arizona Department of Gaming also noted the impact of free bets and promotional credits. These hit $9.5m in August, compared to $8.5m in the same month last year, with almost all coming from online betting.

When taking these free bets off, adjusted gross event wagering receipts reached..

October 25, 2023

Michigan: online casino jump offsets sports betting dip in September

Online gambling revenue in Michigan increased year-on-year during September, with growth in internet casino offsetting a decline in the sports betting segment.

Gross internet gaming and sports betting receipts from commercial and tribal operators hit $210.4m in September. This is 19.2% higher than $176.5m in Michigan last year and also 20.0% ahead of $175.4m in August this year.

Online casino remains the primary source of igaming revenue in Michigan. Gross receipts in this segment amounted to $166.4m, up 29.3% on last year.

In contrast, sports betting gross receipts slipped 8.0% to $44.0m for the month. This is despite handle increasing by 25.6% to $457.7m.

Michigan adjusted gross gaming receipts exceed $168m in September

When accounting for promotional spending, adjusted gross receipts from igaming and sports betting combined was $168.5m. This is 17.8% more than September 2022 and 10.1% ahead of August this year.

Online casino adjusted gross receipts in Michigan in September rea..

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Tag: Retail sports betting