Sports News
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 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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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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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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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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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 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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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 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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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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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.
Read More >>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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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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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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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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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 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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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 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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Sports betting is clearly on a high trajectory, with it being increasingly embraced by major sports leagues. The start of the NFL season was a true testament to this as gambling operators emerged in full force to promote their offerings to viewers during game broadcasts on CBS, Fox, and NBC.
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BetMGM has opened its very first retail sportsbook in Arizona. The outfit is located within Vee Quiva, one of the casino properties owned by Gila River Hotels & Casinos. As such, this also marks the first in-casino sportsbook location in the Phoenix area.
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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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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 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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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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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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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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