Sports News

    April Revenue for New Jersey Casinos Soars April Revenue for New Jersey Casinos Soars

    The latest results for New Jersey casinos and sports betting show that the revenue smashed figures obtained before the COVID-19 pandemic in April 2019. The current April figures total $422 million , 20% more than last year. This impressive revenue comes from land-based casinos, and their interactive counterparts as the New Jersey gambling scene continues to rise in the aftermath of the pandemic.

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    Esports Technologies to Open Business Office in MaltaEsports Technologies to Open Business Office in Malta

    Esports Technologies has a new office location in the works in Malta. This will be its third business office and signals a move to expand into the European market. The company already has operational offices in Las Vegas and Dublin, the latter of which is expected to work closely with the Malta base once it opens.

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    North Dakota Set to Join Legal Sports Betting StatesNorth Dakota set to join legal sports betting states

    By Wednesday, December 1st, residents of North Dakota could begin placing their first sports bets within the state, given that there are no regulatory delays. In the event of such, the launch may be pushed back to January. However, betting is slated to get off the ground fully in time for the 2022 Super Bowl, the largest sports event in the US in terms of viewership and betting handle.

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    Seminole Tribe Appeals over Invalidated CompactSeminole tribe appeals invalidated compact

    The Seminole Tribe of Florida is in a legal debacle following a court ruling that deemed its compact with the state to be in violation of the Indian Gaming Regulatory Act (IGRA). This ruling effectively blocks the tribe's sports betting activities as agreed in the compact.

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    Kentucky Derby 148 Beats Wagering Records Set in 2019Kentucky Derby 148 Beats Wagering Records

    The Kentucky Derby has broken a new wagering record. The premier horse racing event had 147,294 visitors in the latest edition, a remarkable figure considering the world is just coming out of a pandemic. T he number of persons who came out for this premier horse racing event is only 3,435 less than what was obtainable pre-pandemic in 2019, and 147,294 more than the turnout in 2020 as the event witnessed no attendance.

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    Partnership via FanDuel and PokerStarsFlutter Entertainment Inks Toronto Partnership via FanDuel and PokerStars

    FanDuel and PokerStars are now partners of Toronto-based Maple Leaf Sports and Entertainment Limited (MLSE). In the Friday press release for the announcement, it was revealed that the strategic partnership designates the FanDuel Sportsbook as an official sports betting partner and PokerStars as an official gaming partner.

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    Caesars Sportsbook Goes Live in the Empire StateCaesars Sportsbook Goes Live in the Empire State

    Caesars sportsbook has accepted its first sports wagers in New York after receiving its full sports betting license from the New York State Gaming Commission. New York joined the march towards mobile sports betting legalization last year with nine operators shortlisted as the probable gaming suppliers.

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    PointsBet Signed as Official Sportsbook Partner of ACAPointsBet Canada Sign as Official Sportsbook Partner of Alpine Canada Alpin

    The Melbourne headquartered gambling provider has announced a recently concluded agreement which sees it becoming the official sportsbook partner of Alpine Canada Alpin (ACA). The press release shed light on the multi-year alliance, with both parties commenting favorably on the new development.

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    Penn National Gaming’s Acquisition of theScore is SealedPenn National Gaming acquires theScore.

    Penn National Inc. officially completes the acquisition of theScore , Canada’s number one betting media app, in a deal worth $2 billion in cash and stock. Talks on the acquisition began in August. Two weeks ago, Penn National received approval from the Canadian government, and in a meeting held between shareholders from both sides on the 12th of October, the deal was given royal assent.

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    Gambling.com acquires RotoWire Parent CompanyGambling.com acquires RotoWire Parent Company

    As of Monday, 13th December, Roto Sports, Inc, parent company of RotoWire.com has been bought over by Gambling.com , a leading digital marketing services provider in the online gambling industry. Peter Schoenke of Rotowire, while breaking the news, said, "The United States is entering a whole new world of sports fandom and combining forces with Gambling.com Group will accelerate RotoWire's growth.

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    BetMGM Sanctioned for New Jersey College Basketball Bets BetMGM Sanctioned for New Jersey College Basketball Bets

    Top-rated sportsbook BetMGM will be made to pay a fine of $25,000. Investigations have confirmed that BetMGM received bets of less than $100 on the New Jersey college basketball teams that are prohibited in the state’s gambling legislation. The sanctions come late as the bets in question were received late last year.

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    Esports Players still Undergo Problems with Verifications

    With the current developments seen surrounding esports, including tournaments and competitions, strong calls have been raised for a consensus umbrella body for these events. At the just concluded ICE London 2022 , among the panel was the CEO of Luckbox, Thomas Rosander, who raised the call for improvements in the regulation of the fast-developing industry.

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    Tennessee Sports Betting Records Lowest Revenue Since Sept.Tennessee Sports Betting Records Lowest Revenue Since September

    As expected, Tennessee sportsbooks recorded a low revenue post-football activities for the month of February. According to the reports, it is the lowest since sports betting launched in the state in September 2021. This comes following the NFL season’s ending and the start of the regular season games in play.

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    NFL Launches Responsible Gambling CampaignNFL launches responsible gaming campaign

    In a press release this week, the NFL announced the launch of an extensive, integrated league-wide responsible betting public awareness program in conjunction with the National Council of Problem Gambling (NCPG). The NFL, as part of the initiative, has made a multimillion-dollar investment to the tune of $6.2 million to support and build on the organizations’ responsible gambling efforts.

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    DraftKings Drops Out of Entain Acquisition TalksDraftkings drops out of Entain acquisition

    Talks on a possible acquisition of Entain by DraftKings have fallen through as the latter drops out of the pursuit. Last month the behemoth sportsbook brand, DraftKings, made two proposals to Entain. The first was a £25.00 per share offer comprising both cash and stock.

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    NY Sports Betting Handle Reaches Almost $2 BillionNY Sports Betting Reaches Almost $2 Billion in First Month

    Sports betting launched in New York on January 8th this year, and in just 30 days, the state has recorded a betting handle of $1.98 billion. This is the largest amount wagered in any US state in a single month. The period which ran from January 8th to February 6th brought in gross gaming revenue of $138.5 million.

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    Gambling.com Finalizes RotoWire AcquisitionGambling.com Finalizes RotoWire Acquisition worth $27.5 million

    Gambling.com and Roto Sports, operator of expert fantasy sports news and advice provider RotoWire.com, entered into an agreement last month under which terms the former would acquire the latter for an aggregated price of $27.5 million. As projected, the deal has been reported closed at the start of 2022.

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    New Partnership Between BetMGM and Madison Square GardenNew partnership between BetMgm and MSG

    BetMGM yet again inks a new iGaming partnership deal, this time with New York-based Madison Square Garden Sports and Madison Square Garden Entertainment. The multi-year agreement will see the gaming operator become an official sports betting partner of the National Basketball Association (NBA) team, the New York Knicks and National Hockey League (NHL) franchise, the New York Rangers, both of which are owned by MSG Sports.

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    DraftKings Permanent Opens in Foxwoods ResortsDraftKings sportsbook opens in Foxwoods

    DraftKings has opened its permanent sportsbook on the property of Foxwood Resorts Casino in Connecticut. This new location will replace the temporary one that it adopted at the Mashantucket Pequot Tribal Nation-operated casino back in September when sports betting launched in the state.

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    Fubo Sportsbook Becomes Official Gaming OperatorFubo Sportsbook partners with Nascar

    Fubo sportsbook has announced its partnership deal with the American stock car racing series, Nascar. The deal sees the bookmaker becoming the official gaming operator of the motorsport league and will have Fubo's mobile sports betting app promoted on Nascar's racetracks.

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    Mobile Sports Betting Launches in Louisiana TodayMobile Sports Betting Launches in Louisiana

    After much anticipation, mobile sports betting is finally live in Louisiana. The launch was confirmed on Wednesday by Gaming Control Board Chairman Ronnie Johns, who said, "Our goal was to have it available before the Super Bowl, so we were able to beat that target." As mobile betting launches today, it will facilitate "bets for this weekend's NFL conference championship games." Following a parish-by-parish referendum in November 2020, sports betting in the state was legalized, with 54 out of 64 parishes voting in favor.

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    Pennsylvania Attains Sports Betting Record with Nov. RevenuePennsylvania Attains Sports Betting Record with November Revenue

    Pennsylvania sports betting revenue for November was an estimated $85 million , an all-time record. This was generated out of an impressive $760 million betting handle, the second-most ever for the state. Several US states, including America's gambling hub, Nevada, have been on a record-breaking streak in the past few months, owing to the loosening of pandemic restrictions and the return of tourism.

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    In-person Bets Begin at Caesars’ Louisiana SportsbooksLouisiana Sportsbooks, NBA, NHL, Baseball players

    Caesars has launched Louisiana sportsbook operations with Harrah’s New Orleans and Horseshoe Bossier City Hotel and Casino, both of which are owned by Caesars Entertainment Inc. “Today was historic for us as a company, and we’re excited to open our new Caesars Sportsbook locations at Harrah’s New Orleans and Horseshoe Bossier City to honor the legacy these properties hold in the region,” said Dan Real, regional president, Caesars Entertainment. “We can’t wait to introduce all that sports betting has to offer to sports fans while sharing our emphasis on responsible gaming.” The first in-person bets took place simultaneously at the Caesars retail sportsbooks located within the respective casino establishments.

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    Arizona Hits Record Sports Betting Handle for December 2021Arizona Hits Record Sports Betting Handle for December 2021

    Betting revenue for December 2021 in Arizona hit a record amount just shy of the $500 million mark. According to a statement released by the Department of Gaming, December’s handle of $499.2m surpassed the record set in October 2021 ($486.1 million), although there was a 23.1% fall in gross revenue.

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    AGA Survey Reveals Record Super Bowl Betting NumbersAGA Survey Reveals Record Super Bowl Betting Numbers

    The national organization representing the US casino industry, American Gaming Association (AGA), has revealed that more than 31 million American adults will be betting on the 2022 Super Bowl. This amounts to an estimated $7.61 billion betting handle. The year-on-year increase is 38% for the betting populace and 78% for the revenue.

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