Category Archives: In The Biz

Drone Racing League, NBC Sports Network and FanDuel Launch Virtual Drone Racing Series to Benefit Direct Relief

The Drone Racing League (DRL), the world’s premier, professional circuit for drone racing, today announced that the first-ever fantasy virtual drone racing series, the 2020 FanDuel DRL SIM Racing Cup, will premiere on Saturday, May 16 at 2:30pm ET on NBCSN. The series will run for eight weekends on NBCSN and Twitter. The schedule is as follows:

  • Saturday, May 16th at 2:30pm
  • Sunday, May 24th at 3pm
  • Sunday, May 31st at 2pm
  • Sunday, June 7th at 2pm
  • Sunday, June 14th at 1pm
  • Saturday, June 20th at 12pm
  • Sunday, June 28 at 12pm
  • Sunday, July 5th at 12pm
    *Dates and times subject to change

The 2020 FanDuel DRL SIM Racing Cup will feature 12 elite DRL pilots battling it out on the DRL SIM, the true-to-life drone racing simulator, for the chance to be crowned the series’ Champion. Fans tuning in will feel as if they are in the drone’s cockpit as the pros fly digital versions of custom DRL drones through historic DRL maps and never-seen-before tracks, all from their homes around the globe including the U.S., Canada, the U.K. and Switzerland.

“DRL authentically merges the digital with the real, so we’re thrilled to highlight the virtual side of drone racing on NBCSN and Twitter starting this Saturday. The high-speed, futuristic racing combined with daily fantasy is great for the whole family — and it’s all for an amazing charity supporting frontline workers,” said DRL President Rachel Jacobson.

All pilots have committed to donate their winnings to Direct Relief, the largest charitable provider of protective gear and medical essentials to health facilities in response to Covid-19. The funds donated will help Direct Relief continue to get protective gear to frontline workers during the pandemic.

“Direct Relief is so deeply grateful for the leadership and commitment reflected by the Drone Racing League and its players,” said Thomas Tighe, President and CEO of Direct Relief. “This support translates into immediate, practical help, and is such a wonderful example of everyone pulling together and doing whatever we can to protect those who are most vulnerable.”

Indiana Sportsbooks Off $165 Million In April Bets, Hitting Low Point, According to PlayIndiana.com

PlayIndiana.com

Indiana sportsbooks suffered their worst month ever in April — including a retail sector that did not produce a single bet — costing sportsbooks an estimated $165 million in bets, according to estimates from PlayIndiana.

With a minimized schedule of sports to bet on and casinos closed for the entire month, Indiana generated just $26.3 million in wagers, according to official reporting released Monday. During a month in which online and retail sportsbooks would have expected to draw at least $190 million in bets, April’s handle was down 64.8% from $74.8 million in March. That’s the lowest monthly handle ever for Indiana sportsbooks.

“April’s results are shocking, but not at all surprising,” said Dustin Gouker, chief analyst for PlayIndiana.com. “Bettors have very few places to turn in Indiana. In some states, online casinos have driven significant revenue. But that isn’t possible in Indiana. So the industry’s results will continue to be grim until the sports world figures out a way to reopen.”

April’s wagers still produced $5.5 million in adjusted gross revenue, essentially even with March. That yielded $522,085 in state taxes.

Without legal online casino games, poker, or esports betting, bettors in Indiana have largely been limited since mid-March to fringe international sports and futures betting. In fact, $21 million of the state’s handle was generated by “other” sports, far more than football, basketball, and baseball.

The NFL Draft gave bettors some reason to engage with sportsbooks in April. Indiana, the first state to allow betting on professional sports drafts, generated $1.3 million in football-related wagers in April.

“The shut down of sports has led to some creativity by Indiana’s bookmakers, and that creativity was rewarded with interest in the NFL Draft,” said Jessica Welman, analyst for PlayIndiana.com. “Even though Indiana has missed out on some opportunities, regulators have at least been nimble enough to allow some unconventional ideas.”

There are reasons for cautious optimism. NASCAR is planning on revving up in May, which could draw betting interest. The PGA Tour is planning a June tee off while baseball and the NBA continue to search for a workable solution to restart their seasons. In addition, Indiana’s casinos and retail sportsbooks could open as early as June 14.

“It could be that April is the low point in what will undoubtedly still be a struggle until sports can resume with their regular schedules,” Gouker said. “If sports do resume relatively soon, online sportsbooks should recover quickly. In the meantime, sportsbooks will continue to look for creative ways to drive revenue.”

Raising Money In A Pandemic: QL Gaming Gets Some Bets

credit: Keith Allison

Not all ventures around sports are sitting still during the Pandemic. While we have seen the dropping numbers and issues with the big gambling businesses, we have seen Draft Kings launch their IPO, and today, New York based QL Gaming Group (QLGG), announced a $1.1 million raise and the acquisition of Finnish sports simulation company, Accuscore. The announcement gives the platform a solid $8.3 million from investors now, and shows that the ruse is probably being shaken off the mobile gaming business as sports slowly return to the pitch, the field and the court.

According to the news, the round was led by Tim and Todd McSweeney, with participation by Boston Seed Capital, Karlani Capital, Subversive Capital, Rob Seaver and Jere Doyle. Other investors have also included the late David Stern, former commissioner of the NBA, John Kosner, Stern’s former partner at Micromanagement Ventures and former William Hill chief Ralph Topping.

“Our thesis is betting properties with the best data and analytics will win, and our acquisition of Accuscore vastly increases our IP, grows our marketplace position and puts us in a very strong place as the sports world returns to active play in the near future,” said Justin Park, QL Gaming CEO in the release. “Our new and long term investors are very bullish on the casual gaming and sports betting market, and we are now poised to emerge stronger.”

The injection of capital will be used to further accelerate BetQL’s growth, which boasted a 200% increase in subscription sales from 2018 to 2019. In just 18 months of launch, BetQL has acquired over 300,000 free users, 10,000 paying customers and is already a seven figure business. Funds will also supercharge BetQL’s burgeoning affiliate marketing business which has partnered with ten operators in Indiana, New Jersey, Pennsylvania and West Virginia. QL Gaming initially launched in September 2015 as RotoQL to provide data and analytics to daily fantasy sports (DFS).

The news is good for both investors and companies that had started to build momentum in the gambling space before things came to a grinding halt around March 12. Many industry experts remain bullish on the gambling space, especially with companies who are not debt laden and can easily pivot to a new environment when sports come back to life in the coming weeks. There will also be a solid analysis of best practices, including a great mobile experience, and the QL Gaming plan is tied to all of those objectives.

“For companies looking to enter the sports betting space, there will be some very interesting opportunities in sectors that support the ecosystem, such as specialized sports content, analytics, and software,” added Chris Russo, CEO, Fifth Generation Sports an advisory firm focused on the intersection of sports, technology, and digital media.

Interesting yes, cost effective, disruptive and forward thinking as well.

Keep bringing on the investments.

ZenSports Launches New Product Suite for Sports Industry Businesses

ZenSports

Until now, ZenSports has built its entire peer-to-peer sports betting business by selling directly to consumers. With the launch of its new ZenSports for Businesses product suite, the company is expanding into a new enterprise offering that will give sports industry organizations the ability to harness the power of ZenSports’ peer-to-peer sports betting and cryptocurrency technologies.

ZenSports’ consumer product is a mobile peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker. Consumers can quickly and easily create their own bets with their own odds and terms or accept bets that others in the marketplace have created, all at a fraction of the cost that traditional bookmakers charge and all right from their phone. As a decentralized marketplace for sports betting, ZenSports is eliminating the need for a bookmaker altogether, and giving bettors a cheaper, faster, and more trustworthy process for wagering on sports.

ZenSports has also created its own cryptocurrency utility token called SPORTS, which consumers can use for placing bets, earning discounted betting fees, and getting cash back, bonuses, and other rewards. Betting with SPORTS tokens gives customers a more exciting and rewards-driven experience for wagering on sports than what traditional bookmakers offer. Since launching its SPORTS token in July 2019, almost 100% of all bets within the app have been made using SPORTS, even though the company also offers the ability to bet in dollars or Bitcoin.

According to ZenSports co-founder and CEO Mark Thomas, it is now ZenSports’ goal to also give other sports ecosystem partners access to its peer-to-peer sports betting platform, as well as its SPORTS cryptocurrency token. “There are numerous enterprises within the sports industry that are looking for a white-label solution for betting on sports. While other traditional bookmaking software solutions exist, none offer the same peer-to-peer, decentralized marketplace for sports betting like ZenSports does. In addition, the loyalty and rewards programs at many of these companies need to be revamped or are non-existent. Our SPORTS token and cryptocurrency/blockchain technology offer a perfect solution to drive loyalty and engagement with the audiences of these partners, just like it does for ZenSports.”

Thomas is especially bullish on the integration of SPORTS tokens into the payments and rewards programs of other sports ecosystem partners. “We’ve seen first-hand how exciting a cryptocurrency-based rewards platform is for consumers and how it creates deep loyalty and engagement. Our customer churn at ZenSports is almost zero because of the loyalty and rewards that we’ve built around our SPORTS token. Now think about integrating SPORTS tokens into other access points within the sports ecosystem, such as online merchandise, media/content, event ticketing, in-game food and beverage, and professional sports teams/leagues, thereby creating an entire payment and rewards system from beginning to end for sports enthusiasts.”

PlaySugarHouse.com New Jersey Hits Record Numbers for NFL Draft Round One

The NFL Draft Round One produced record-setting handle for PlaySugarHouse.com in New Jersey and a plethora of first-round surprises. Here are some highlights:

Both handle and bet counts are already triple last year’s numbers for the full draft even though we are only a day into the 3 day event.

76% of all sports betting handle yesterday at PlaySugarHouse.com in New Jersey was bet on the NFL. The overwhelming majority was wagered on the draft, although there was some betting on futures and non-draft props.

The largest bet of the day was a nearly $5000 bet on the first wide receiver being drafted to be CeeDee Lamb of Oklahoma. In fact, Lamb to be the first receiver taken was the most popular bet of the entire night. He was third behind Alabama wide receivers Henry Ruggs and Jerry Jeudy. Ruggs was taken as the 12th overall pick by the Las Vegas Raiders and was a first-round surprise. Jeudy was selected 15th, by the Denver Broncos, and Lamb was taken 17th, by the Dallas Cowboys. Ruggs had the fastest time of any player in the NFL Combine. Ruggs returned +400 as the first receiver taken and combined with Jeudy and Lamb to pay bettors +650 in a unique trifecta wager. It required the bettor to select the top three receivers taken, in exact order.

The New York Giants produced the first-and largest first-round betting surprise by taking offensive tackle Andrew Thomas of Georgia as the fourth pick. He was +1000. The Giants had been expected to take either Tristan Wirfs of Iowa or Isaiah Simmons from Clemson in that spot. Both Wirfs and Simmons had been showcased in wagers to be drafted in the Top 5 overall.

Another popular prop was Tua Tagovailoa of Alabama to be the second quarterback drafted. The majority of players won on this bet. After LSU quarterback Joe Burrow was the first player selected in the draft, Tagovailoa was taken fifth by the Miami Dolphins. This also rewarded bettors who pegged him to be taken by Miami.

Another highly-popular prop was how many wide receivers were drafted in the first round. The bet was over-under 5.5. The over won as there were 6.

One bet receiving strong play was over 0.5 running backs to be taken in the first round. This bet won on the final pick in the first round with Clyde Edwards-Helaire going to the Super Bowl champion Chiefs.

Offensive linemen were quite popular in round 1. The over/under opened at 5.5, but moved to 6.5 close to draft night, with the line closing at 6.5 over -200. There were seven linemen drafted, rewarding the over bettors.

Still open: Cole Kmet of Notre Dame to be the first tight end taken is one of the 10 most popular bets PlaySugarHouse.com received, and with no tight ends off the board in the first round, this bet is still open and available to be bet.

Xavier McKinney from Alabama was the most bet safety to be the first to come off the board. With no safeties drafted in the first round, this bet is also still open.

“This was an outstanding opening night for the NFL draft,” said Mattias Stetz, C.O.O of Rush Street Interactive, which operates PlaySugarHouse.com. “We are delighted with the strong wagering action and how bettors supported many imaginative prop bets. They really prepared well for the draft and they weren’t afraid to bet heavily on some long shots.”

Suppliers Struggle, Analysts React to Covid-19 Crisis

Stock analysts covering the gaming industry have been paying particular attention to the supply sector, which was sent reeling as sales ground to a halt and their customers shut down for the duration of the Covid-19 pandemic. IGT, Scientific Games, Everi, AGS and others recently announced various levels of furloughs affecting employees across their markets.… Read more »

The post Suppliers Struggle, Analysts React to Covid-19 Crisis appeared first on GGB Magazine.

SportsGrid and Sportradar Announce Multi-Year Agreement to Provide Sports Gaming & Daily Fantasy Real-Time Data & Statistics

SportsGrid, the nation’s leading streaming video platform dedicated to the sports betting and daily fantasy audience, reached a multi-year agreement with Sportradar to power its real-time data, statistics and analytic solutions.

Under the terms of the agreement, Sportradar is providing the tools, data products and machine learning technology to enable SportsGrid to provide real-time in-game odds and digital analytics combined with statistical data and graphical visualizations. The Sportradar tools and data products furnish SportsGrid with access to new functionality, robust deep data sets, and comprehensive major sports league coverage within Sportradar’s cutting-edge research platform, Radar360.

With these tools and products, SportsGrid is taking storytelling around betting and fantasy sports to the next level. With access to real-time data in addition to Sportradar’s historical data, consumers can expect exciting, new storylines to emerge from SportsGrid on a regular basis.

“In an age of real-time connections and analysis, the Sportradar agreement broadly expands the capabilities and functionality of the production staff, talent and operational management team. Radar360 reduces the analytic workloads and creates more opportunities for compelling insightful storylines and maximizes our fan engagement across the SportsGrid distribution platform,” said Lou Maione, founder and President of SportsGrid. 

“We are pleased to be working with SportsGrid to bolster its content offerings and increase fan engagement,” said Dave Abbott, MD of US Media, Sportradar. “By adding our real-time data and products like Radar360 to the mix, SportsGrid is supercharging the betting and fantasy content that its consumers already love.”

Strat-O-Matic Baseball Selected By People.com as ‘Best Board Game for Sports Lovers’ For 2020

Strat-O-Matic Baseball

Strat-O-Matic (www.strat-o-matic.com), the market leader in sports simulations, continued an unparalleled month of growth and recognition this week, being selected by People.com as “Best Board Game for Sports Lovers” amongst their list of iconic games that have gained steam during these unusual times. The list includes other classics such as Monopoly, Candor, Scrabble and Candy Land. The entire list can be seen here https://people.com/entertainment/best-board-games/

“While the events of the last six weeks are certainly not what anyone wanted or expected, we continue to forge ahead by providing quality and engaging content on a daily basis, not just for our traditional players, but for thousands of new consumers of every demographic who have found us for the first time or returned to us after time away,” said Hal Richman, Strat-O-Matic founder and president. “We are honored to make this list. and are continuing to find new ways to have consumers connect not just with us but with each other; a connection that we believe will continue into the future.”

Strat-O-Matic is also continuing to run daily MLB 2020 season simulations at http://www.strat-o-matic.com/2020-season-simulation/ as well as full simulations of the NBA Playoffs. Basketball results and boxscores can be seen at http://www.strat-o-matic.com/2020-basketball-playoffs/

In addition to the recognition, the increased interest is also reflected in sales, traffic and social numbers, which continue on the upswing. Board and Windows games, digital platform Strat-O-Matic Baseball 365, Website traffic, new users and social media have all seen significant boosts over comparable time periods as fans continue to satiate their thirst for baseball, Strat-O-Matic style, connecting with the game and each other across all of these areas.

Some Strat-O-Matic by the numbers highlights include:

  • Baseball Board and Windows platform sales from March 15-31, 2020, are more than 50% higher compared to the same time period in 2019
  • Baseball Board game product sales are more than 60% higher comparing second half of March 2020 to first half of March 2020
  • Baseball Windows platform sales are more than 45% higher comparing second half of March 2020 to first half of March 2020
  • New Members on Strat-O-Matic Baseball 365 are more than 75% higher between March 17-31, 2020, compared to the same time period in 2019
  • Traffic on Strat-O-Matic.com from March 27, 2020, was 472% higher compared to March 27, 2019
  • Since MLB’s scheduled March 26 Opening Day, traffic on Strat-O-Matic.com has been 380% higher compared to the same time frame of 2019
  • Since MLB’s scheduled March 26 Opening Day, new users on Strat-O-Matic.com have been 781% higher compared to the same time frame of 2019

Fans with questions about any facet of the Baseball Daily and Basketball simulations can contact Strat-O-Matic at [email protected].

Sportsbook Rhode Island Unveils Enhanced Digital Wagering Experiences

IGT and William Hill provide Ocean State Sports Fans with Elevated Interface and More Ways to Bet on New Sportsbook Rhode Island Mobile App and Website

IGT Global Solutions Corporation and William Hill U.S. today announced the release of enhanced versions of both the Sportsbook Rhode Island mobile app and website.

The new app, available for iOS and Android devices, and website (sportsbetrhodeisland.com) provides sports fans in the Ocean State a more streamlined experience featuring an elevated interface, an expanded wagering menu, and an additional way for patrons to fund their accounts.

The elevated user interface, powered by IGT PlaySports technology, offers an improved navigation design for both live and upcoming sporting events and a more efficient wagering process with significantly fewer steps, from start to finish, to place a bet. 

“Recent IGT PlaySports technology updates for the Rhode Island Lottery provide Sportsbook Rhode Island users an elevated player experience,” said Enrico Drago, IGT PlayDigital Senior Vice President. “These updates also position the Rhode Island Lottery for success when professional sports return in full force.”

Sportsbook Rhode Island users can now wager on a wider selection of futures and prop bet options on popular sporting events.  For example, pro football fans can pick “Which team will have more regular season wins in 2020 – New England or Tampa Bay?” The expanded wagering menu, powered by William Hill Sports Book, has been adjusted with the pause of US sports. The menu now features new international sports including Russian Table Tennis, Taiwanese Basketball, and Nicaraguan and Belarusian Premier League Soccer.   

“We are excited to continue to innovate with the Rhode Island Lottery and IGT. We are adding alternative sports and additional prop bets to our wagering menu now and look forward to supporting Rhode Island even more when sports return to the U.S.,” added Ken Fuchs, William Hill US President of Digital.

In addition to E-Check, users of the Sportsbook Rhode Island app and website now have the option to fund their accounts electronically with Debit Cards.   

In November of 2018, IGT and William Hill partnered with the Rhode Island Lottery to open New England’s first sports books at Twin River Casino and Tiverton Casino. The debut version of the Sportsbook Rhode Island mobile app went live in September of 2019.   

BetMGM Launches Pro Football $2,000 Draft Contest

With the NFL Draft days away, marking just about the only live sports-related event going on these days, all eyes will be on the virtual selections by the 32 franchises beginning Thursday night.

BetMGM is making it a little more interesting, launching the free-to-play $2,000 Pro Football Draft Contest, a series of 20 questions predicting certain outcomes of the draft, and the player who guesses the most questions correctly will win a grand prize of $2,000 cash. In the event of a tie, the prize earnings will be split evenly.

Questions include:

· Which team will draft the first QB?
· How many teams will trade down (trade back) in the first round of the draft?
· Will the New England Patriots draft a quarterback in the first two rounds?
· Which running back will be drafted first?
· Which conference will Jake Fromm (UGA) get drafted to?
· How many players from the University of Alabama will get drafted?
· What position will Mr. Irrelevant be? (Last player to be drafted in the 2020 Draft)

Registration is open to residents of New Jersey, West Virginia and Indiana only. Sign up at https://promo.nj.betmgm.com/en/promo/s/p/sports/draft-quiz.

BetMGM Free-to-Play Daily Trivia Game Live – Daily Prize Up To $500

Diehard sports fans may not have action on the tube to check out, but they can still show off their expertise thanks to BetMGM. Its all new Free to Play Quiz is live for BetMGM NJ and BetMGM Indiana users. Players can compete for daily prizes up to $500 by answering sports and pop culture questions correctly. We’re working closely with state regulators in West Virginia and are hoping to be live in the state in the coming days.

How it works: Every day BetMGM will feature a new category consisting of 10 questions, with a 10 second clock. As long as they answer the question right, users will be able to keep playing for the day. One incorrect answer and your game ends. Answer every question correct and compete for a daily prize of up to $500 (prize to be split amongst all trivia winners). The quiz is available daily between 9am and 11:59pm ET. Players can only participate once per day, with the quiz leaderboard changing each week. Your total amount of correct questions answered throughout the week (Monday to Sunday) will automatically qualify you for the weekly leaderboard. Earn 1 point for every question you’ve answered correctly. The Top five (5) each week will receive an additional cash prize.

 Leaderboard Structure 

·       One week leaderboard (Monday-Sunday) 

·       Players receive one leaderboard point per question they answer correctly 

·       Leaderboard Prize Payout (split amongst all top scoring users) 

o   First place: $1,000 

o   Second Place: $500 

o   Third Place: $250 

o   Fourth Place: $150 

o   Fifth Place: $100

PlaySugarHouse.com and BetRivers.com Announce April Madness With Free-To-Play Bracket For NBA’s Horse Challenge

In the absence of regular season games, the NBA is staging a HORSE competition between current and former NBA stars, as well as a couple of WNBA stars. The NBA’s Horse Challenge is set-up as a single-elimination bracket where Atlanta Hawks point guard Trae Young will face off against former NBA Champion Chauncey Billups. The winner of that match-up will face the winner of the battle between former WNBA star from the Indiana Fever, Tamika Catchings, vs. Utah Jazz’s Mike Conley Jr. On the other side of the bracket, current Chicago Bull, Zach LaVine, will play against former Boston Celtics great, Paul Pierce, and current Oklahoma City Thunder All-Star, Chris Paul, is facing WNBA Chicago Sky star, Allie Quigley.

PlaySugarHouse.com in NJ and PA and BetRivers.com in PA are offering all their players a free to play bracket with a $1000 pool on each site for the winners. Players can make their picks starting Saturday morning, April 11, until 7 P.M. Sunday evening April 12th. It works much like a March Madness bracket but with only 8 participants. Players will earn a point for each correct pick in the quarterfinal round, 2 points for each correct pick in the semifinal round and 3 points for picking the correct winner. The winners of the bracket will receive a share of $1000 bonus money.

“We are happy to offer our NBA bettors an alternative while the season is suspended,” said Mattias Stetz, C.O.O of Rush Street Interactive, which operates PlaySugarHouse.com and BetRivers.com. “The NBA has been very creative with this HORSE Challenge and we think our bracket will add some additional excitement for our bettors.”

Quarterfinals will be aired on ESPN on Sunday April 12 between 7 and 9pm ET. The semifinals and Championship game will be aired on ESPN (and streamed on the ESPN app) on Thursday April 16 at 9pm ET.

Indiana Sportsbooks Lose Out on $125 Million in March Wagers, According to PlayIndiana.com

PlayIndiana.com

Indiana’s retail and online sportsbooks were hit hard in the first weeks of the coronavirus shutdown, costing the state an estimated $125 million in wagers in March, according to PlayIndiana. And with no immediate end in sight, the industry will continue to navigate treacherous waters in the months ahead.

“This is an unprecedented stoppage for legal sportsbooks, and there is no playbook for them to follow to help manage the crisis,” said Dustin Gouker, lead analyst for PlayIndiana.com. “Obviously, the sports betting industry is just one facet in a crisis that is affecting us all, too often tragically. But it is a business that employs hundreds in Indiana and generates millions in state taxes. And the bottom line is that there will be no significant relief until the sports world begins to open back up.”

Indiana appeared to be headed for its first month of more than $200 million in bets. Instead, the state’s retail and online sportsbooks collected just $74.8 million in March wagers, down 60% from the record $187.2 million in February, according to official reporting released Thursday. Almost all of the handle was generated before March 11, when the sports world began to shut down.

March’s bets produced $5.5 million in adjusted gross revenue, down 50.5% from $11.9 million in February, and yielded $522,0825 in tax revenue for the state.

The loss of the NCAA Tournament proved particularly damaging. Indiana sportsbooks could have generated more than $50 million in tournament-related wagers, PlayIndiana estimates.

“There is no way to replace the revenue that would have been generated from the NCAA Tournament, which in legal jurisdictions generates more action than the Super Bowl,” said Jessica Welman, an analyst for PlayIndiana.com. “The NCAA Tournament can’t be rescheduled, but professional leagues are beginning to draw plans to begin games again. We still don’t know what that looks like or when it will happen. Whether spectators are there to watch in-person or not, though, online sportsbooks should again be able to attract bettors, which will be welcome news for the industry.”

The silence of sportsbooks could change in a minor way. Sportsbooks are now accepting bets on the WNBA and NFL drafts.

“We don’t expect a lot of betting on the WNBA and NFL drafts, but we suspect that each will draw more interest than either would under ordinary circumstances,” Welman said. “People are looking for some sense of normalcy while they practice social distancing, and the drafts and futures betting is providing at least some outlet for bettors.”

In March, online sportsbooks generated 81.3%, or $60.8 million, of the state’s handle. DraftKings/Ameristar Casino led the market with $33.1 million in bets, down from $74.1 million in February, and generated $2.4 million in gross receipts. Horseshoe Hammond led the retail market with $3.4 million in bets, down from $12.4 million in February. That generated $211,475 in gross receipts.

“Online sportsbooks will bounce back more quickly than their retail counterparts, which face a much more uncertain future as the coronavirus pandemic continues,” Gouker said. “In states where online casino games and poker are legal, such as New Jersey and Pennsylvania, casino operators have had a bit softer landing. But Indiana has really borne the brunt of this crisis, unfortunately.”

For more revenue information, visit PlayIndiana.com/revenue.

Start Your Engines! PlaySugarHouse.com In New Jersey Is Taking Bets On Virtual NASCAR Races

PlaySugarHouse.com is among the first sportsbooks in the U.S. to drop the flag on virtual NASCAR races. The sportsbook has been approved by New Jersey regulators to offer betting on the 2020 eNASCAR iRacing Pro Invitational Series. New Jersey players will now be able to place bets on a virtual auto race and the first race in the series they can bet on is the Toyota Owners 400 in Richmond on April 19.

The Cup Series races are as realistic as can be, featuring real stars of past and present including Jimmie Johnson, Kyle Busch, Clint Bowyer, Denny Hamlin and Dale Earnhardt Jr. The series of races, which started March 22, are being broadcast on FOX Sports during typical NASCAR broadcast times and have been huge hits drawing over a million viewers to the fierce iRacing competition.

“We are happy to be able to offer such an exciting and competitive entertainment event,” said Mattias Stetz, C.O.O of Rush Street Interactive, which operates PlaySugarHouse.com. “It’s also fun to see how these talented drivers will compare in the virtual world of competitive racing.”

The eNASCAR iRacing Pro Invitational Series is offering exclusive entertainment on the premier motorsports racing simulation; the same one used for years by NASCAR’s biggest stars to prepare for real world race events. This form of virtual sports is different than others because the simulator offers a full NASCAR experience down to the dynamics of the car and the real-life differences between track surfaces being raced on. Ultimately, the eNASCAR iRacing Series offers a competitive edge that traditional console videogames just can’t match.

The virtual racing schedule is designed to follow the NASCAR Cup Series schedule, which had to be postponed due to the Covid-19 pandemic. Along with the Toyota Owners 400, the virtual NASCAR series includes the Geico 500 at Talledega and the Cup Series race at Dover and looks to make virtual stops at fan-favorite tracks from coast to coast.