Category Archives: Sidebar Featured

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.”

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.

Colorado’s Sports Betting Market Could Generate $6B in Annual Wagers After Games Are Back on, According to PlayColorado

PlayColorado.com logo

Colorado’s sports betting industry will eventually generate billions of dollars in bets annually, hundreds of millions in operator revenue, and millions in tax revenue, according to estimates by PlayColorado.com, which analyzes the state’s newly regulated sports betting market.

Despite the sports world being indefinitely shuttered in response to the COVID-19 pandemic, regulators are preparing for a May 1 launch of online and retail sports betting. When it does, Colorado will become the 18th state to have some form of legal sports betting. And the Centennial State has a bright future, capable at maturity of annually generating as much as $6 billion in bets, $400 million in gross operator revenue, and $40 million in tax revenue, according to PlayColorado projections.

“With a significant base of existing land-based casinos, a regulatory framework that will be attractive to operators, and one of the largest metropolitan markets in the country to draw from, Colorado is well-positioned to capitalize on sports betting,” said Dustin Gouker, chief analyst for PlayColorado.com. “But assuming the industry does launch on May 1, it will be doing so in unprecedented circumstances with almost no sports to wager on. There are some advantages to a forced soft opening, but it also means that it will be some time before we learn with confidence just how Colorado’s bettors will respond to legal sports betting.”

Colorado regulators have been deliberate, opting for a later start date to ensure it gets its regulatory framework right. Its 10% tax on net revenue is comparable to some of the most successful sports betting markets. New Jersey, which is neck and neck with Nevada as the nation’s largest sports betting market, levies a 9.75% tax on revenue from retail sportsbooks and 13% on online sports betting revenue. Indiana, the No. 4 sports betting market in the U.S., taxes sports betting at 9.5%.

In addition, Colorado has avoided some of the pitfalls of earlier adopters, such as imposing maximum bet limits, a decision regulators left to operators.

“Colorado legislators and regulators have made many smart, measured decisions based on input from casinos, operators, and bettors, and that has led to the adoption of an excellent collection of rules and restrictions,” Gouker said. “They have also had the undeniable benefit of seeing what has worked in other states. Colorado’s methodical approach might have been frustrating to bettors by slowing the launch, but there is plenty to be encouraged about. Sports betting operators have inked partnerships and regulators are listening to stakeholders. That will serve Colorado well.”

Until the COVID-19 pandemic subsides, bettors will be limited to futures bets on pro sports and some international sports.

In other states, legal online casino and poker wagering has meant millions in additional revenue for operators and states, helping to bolster bottom lines during a difficult time in the gaming industry.

“There is no question that the revenue from online casinos and poker rooms has helped operators in states such as New Jersey and Pennsylvania weather the shutdowns of land-based casinos and essentially all sports,” Gouker said. “Coloradoans will likely someday decide if and when the time is right to legalize online casino wagering. In the meantime, it has put the right framework in place for its sports betting industry to thrive once sports are played again.”

College Sports Challenges, Uncertainty Make NIL Debate Even More Front And Center

Wikimedia Commons/Phil Roeder

We continue in unchartered waters in sports as many enter week four of the pandemic, and the college landscape remains as fluid as any. There is no shortage of opinion and conjecture, from spring sports eligibility to moving football to the 2022 are all on the table and the angst and viability of student athletes remains in flux.

Against all of that backdrop is the ongoing and vital debate about Name, Image and Likeness (NIL) and how that will factor into the business of college athletics going forward. How have things changed or adapted, and what would the opportunities be for athletes today if NIL as in place? One of the key advocates in NIL remains Zach Segal, who founded StudentPlayer.com last year as a platform to assist and recognize college athletes for their achievements on the field while tying them to brand opportunities, or in some cases, causes.  

We had some time to connect with Segal on how NIL is evolving, and how Student Player’s business platform has changed and adapted as well.

Does the opportunity for spring sports to add eligibility positively or negatively affect the NIL debate?

Any steps taken to promote fairness given these unprecedented times are good for the NIL debate. Afterall, allowing student athletes to benefit from their name, image, and likeness is not about giving student athletes an advantage relative to other students it is about treating them the equally! We hope that the longstanding inequity will be remedied soon!

How does a platform like student player impact a player prepping for the NFL Draft? once his eligibility end could he access funds if the system was up and running in say a year from now?

Student Player will offer sponsorship deals to student athletes when they are student athletes, but only after it is legal/permissible to do so. In our view, fans must have a voice and we give them the chance to be heard. Prospective athletes will want to know what kind of opportunities are available at each school, fans can make a difference by contributing! A player prepping for the NFL draft would still benefit from fan contributions while they are in college.

If NIL is in effect now how do you think athletes currently sidelined could use their rights for something like social good?

Yes, 100%. And we bet that many would! Today’s restrictions are essentially prohibiting that which is sad. Particularly so in a time when huge numbers of Americans (and others) are struggling to cope with Covid-19. This is just one reason why we hope school/legislatures/the NCAA won’t pause the momentum that NIL is having.

Without NIL in place this spring, have those athletes who missed March Madness suffered a loss of opportunity to capitalize on brand value? Can you think of a specific example?

Yes, March Madness shines a big spotlight on the athletes that play in it and the schools that they play for. There are missed opportunities across the board. Who would have hit a buzzer beater to help a double digit seed advance to the final four? We will never know, but that individual would have become a nationally recognized star. Who knows what would have happened next!

How do you see the debate moving in the fall when some normalcy returns; should we be looking for next steps?

We hope that it will pick up with as much momentum as it previously had. NIL is a bipartisan issue and a simple one.  In our view, the next step is for the NCAA to adopt California’s Fair Pay To Play Act. The NCAA and its member schools have long held that student athletes are “students first.” We agree! Given that, the solution is simple: treat student athletes like students. There are often mentions of “guardrails” and other safeguards, but we see all of those things as unnecessary. The goal should be to afford student athletes the same opportunities that every other student already has. Guardrails and safeguards should only be included if they are applied equally to all students (athlete or not).

DRL, FanDuel Announce First-Ever Fantasy Sports Partnership

The Drone Racing League (DRL), the global, professional drone racing circuit, and FanDuel today announced a fantasy partnership for the 2020 DRL SIM Tryouts Finals, the world’s only player-to-pilot esports tournament. As DRL’s first-ever partnership with a fantasy sports provider, FanDuel will have access to official DRL SIM data, along with league marks and logos to create official daily fantasy contests for the 2020 DRL SIM Tryouts Finals.

The virtual drone racing showdown live-streams tonight at 9pm ET on DRL’sTwitter,Twitch andYouTube. Thousands of FPV (First Person View) pilot hopefuls from 75 countries entered the fourth annual DRL SIM Tryouts, battling it out across more than 136,000 heats during twelve qualifying tournaments on the DRL Simulator, the true-to-life drone racing sim on Steam — all for the chance to compete tonight and go pro. Tryouts participation skyrocketed by 90% since last year and nearly 2 million fans have already watched the online competitions.

Fans tuning into the 2020 DRL SIM Tryouts Finals can enter a free contest on FanDuel for the chance to win a share of $3,000 in FanDuel site credit. The contest follows FanDuel’s standard daily fantasy format, and racers will earn points for winning, finishing second or finishing third in each heat as they navigate virtual DRL drones on a supercharged, 3D track. The champion will earn a professional contract in the league and fly as the DRL SIM Pilot in the 2020 DRL Allianz World Championship Season, as watched by tens of millions of fans on NBC, Twitter, Sky and other leading sports networks around the world.

“At a time when fans want access to sports competition more than ever, we’re thrilled to live stream the 2020 DRL SIM Tryouts, a unique esport that transforms gamers into pro drone pilots overnight, and reward fans with prizes through our exciting new partnership with FanDuel,” said DRL CEO and Founder, Nicholas Horbaczewski.

“We remain as committed as ever to our fans and we’re currently working to develop new and entertaining games for them to engage with,” said Kip Levin, President, FanDuel. “Partnering up with The Drone Racing League allows us to collaborate with an innovative league as we give our fantasy customers more ways to play.”

Merging the virtual with the real, the Tryouts winner will race against the most elite pilots on earth during the 2020 Season, flying custom-built DRL Racer4 drones at 90 MPH through complex courses in iconic venues around the world. Last year, Minnesota native, Christopher “Phluxy” Spangler, was crowned the Tryouts winner and flew in DRL; he made podium three times and even won a level event, showcasing how DRL bridges the digital with the real.

BetMGM Is Hosting A Free To Play NBA 2K Players Tournament

BetMGM is hosting a free to play NBA 2K Players Tournament bracket on BetMGM NJ, available to all verified New Jersey users. Prizing is $20,000 for a perfect bracket, which will be split in cash amongst all winners. In addition, BetMGM will also be matching the grand prize with a $20K donation to New Jersey Pandemic Relief Fund (NJPRF), which will raise funds and organize and coordinate resources to fight the medical, social and economic impact of COVID-19 on New Jersey’s most vulnerable.

The NBA 2K Players Tournament, an NBA 2K20 gameplay tournament, will pit 16 of the league’s best in a single-elimination, player-only tournament on Xbox One beginning Friday, April 3 on ESPN and ESPN2. NBA players include: Andre Drummond, Kevin Durant, Donovan Mitchell, Trae Young, Hassan Whiteside, Demarcus Cousins, Patrick Beverly, Zach LaVine, Derrick Jones Jr, Devin Booker, Rui Hachimura, Montrezl Harrell, Domantas Sabonis, DeAndre Ayton, Harrison Barnes and Michael Porter Jr. 

To log in, or to sign up, visit https://account.betmgm.com/en/nj/.

Inspired Launches V-Play Basketball With bet365.com

Inspired Entertainment, Inc. (“Inspired”) (NASDAQ: INSE), a world-leading Virtual Sports provider, today announced the launch of its groundbreaking new V-Play Basketball on bet365.com.  The leading online operator with more than 45 million customers launched V-Play Basketball earlier this week and is one of the first operators to host two dedicated streams, a U.S. Basketball and a separate European Basketball variant, with a new event every two minutes. Since its inaugural launch in 2019, V-Play Basketball achieved immediate success, becoming one of the best performing Virtual Sports online and delivering significant incremental revenue for Inspired customers.  

Speaking on the launch, Inspired Chief Commercial Officer Steven Rogers said, “bet365 is a long-time customer and we’ve enjoyed many highly successful product launches with them over the years.  The launch of V-Play Basketball follows a string of popular games that have gone live with bet365.com since the new year, including Virtual Football, Cricket and Virtual Grand National.”

bet365.com will be the first operator to feature the new NFLA Legends Football, an officially licensed product with the NFL Alumni (“NFLA”), which brings all-time favorite NFL legends back to the field.  V-Play NFLA Legends Football features 11 teams of alumni legends from some of the biggest teams going head-to-head in a single game format.  Fast-paced action completes each series of plays in less than 90 seconds. Ultra-realistic player simulations use the latest animation and motion capture techniques and offer “play-by-play” action as the game progresses.  NFLA Legends Football will be added to the two existing football channels on bet365.com, available via the Virtual Sports section of their sportsbook. 

bet365 said, “We haven’t seen any Virtual Sports quite like V-Play Basketball and V-Play NFLA Legends Football.  They are great products, both visually and in the betting opportunities they offer the players.  We are very excited to be launching these products and we have no doubt they will be successful additions to our current Virtual Sports offerings.  Inspired has impressed us with their innovation once again.”

The season never ends online with Inspired Virtual Sports, supporting online and mobile betting 365 days a year, 24 hours a day, 7 days a week. Please see the Inspired website for trailers and demos of the latest Virtual Sports offerings at www.inseinc.com/virtuals/.

Pop Artists Reimagine Classic Cards As TOPPS Unveils ‘Project 2020′

The Topps Company and its fast-growing on-demand platform TOPPS NOW™ today announced one of the most unique, transformative and eclectic offerings in company history: “Project 2020,” a first of its kind effort that combines some of the most iconic cross-generational cards in the company’s nearly 70 year history with baseball, re-imagined by some of the world’s most influential, creative and eclectic artists, cartooners and pop culture influencers.

Some of the notable artists on the list include celebrity jewelry designer Ben Yang…aka Ben Baller; Chicago based designed Just Don, who has worked with Kanye West and Nike on major projects; Mexican American tattoo and graffiti artist Mark Machado, known as Mister Cartoon; Australian Tyson Beck, whose recent resign of the NBA logo in the image of Kobe Bryant became an international cause célèbre; New York native and design artist Sophia Chang and L.A. Based streetwear artist Joshua Vides.

The first two cards, issuing today, include Ben Baller’s Ichiro (2001) and Jacob Rochester’s Sandy Koufax (1955).

Each of the 20 artists will reinterpret 20 cards, representing baseball’s greatest stars from the 1950s to the present day. The cards will only be available for a 48-hour period from the time each is introduced.

“When we think of the collectible world and where it has evolved today, sports and pop culture continue to collide,” said Jeff Heckman, Global Director of Ecommerce. “We could not think of a better way to expose trading cards to a new audience than working to reinvent some of the classic baseball cards and personalities of the game of baseball through the eyes and hands of many of the world’s greatest pop culture figures of today. ‘Project 2020’ will be a must have for core and casual baseball fans, and will more importantly showcase the names and stories of the artists and the players on the cards to a global audience whose interests lie well beyond the sport. It is a transformative move we are very excited about.”

“Roberto Clemente and his story have always been inspirational to me,” said Mister Cartoon, whose hometown high school mascot was the Pirates, adding to his longtime connection to the Pittsburgh slugger and made working on the Clemente card extra special. “I want to take each of these classic cards and supercharge them!”

Its Pickleball Mania World Championship To LIVE Stream Thursday In Only Live On-Air US/Global Professional Sporting Event

As professional and amateur sports organizations continue to do their part in maintaining best practices to combat the spread of the COVID-19 virus, postponing competitions and events worldwide, there is a void of original live sports programming on TV. Enter the Its Pickleball Mania World Pickleball Championship, set for Thursday at noon ET, streaming exclusively on ESPN3 as the only live TV sporting event currently available to viewers.

Four of the world’s top professional pickleball players will vie for the first Pickleball Mania crown. They will battle it out in semifinals and finals action at a private residence under strict quarantine guidelines. The four competitors will be joined by a small production and event crew of no more than six people as the event complies fully with present restrictions and social distancing practices.

Fans can tune in for all three matches live on ESPN3 via their streaming players, computers and mobile devices. The final match will also be presented on tape delay on a variety of national and international networks at a later date.

The Its Pickleball Mania World Pickleball Championship was co-founded by former tennis professional Ryan Sherry, NFL veteran Brandon Siler and former professional football player Peter “P.J.” Jensen. They will also serve as Tournament Directors. Harry Cicma serves as the event’s executive TV producer through Harry Cicma Productions LLC, in partnership with ESPN.

“This is a very special event, as one of the only professional sports being televised live worldwide during this difficult pandemic,” said Cicma. “The most important thing is that the event and broadcast are intimate, in a private secluded residence, and promoting staying at home in quarantine and social distancing. It’s been a difficult few weeks for the community and we are grateful to finally bring live professional world championship excitement to the sports world in a safe way as we all try to beat COVID-19.”

“Pickleball is sweeping the world by storm and is currently the fastest growing sport in the world,” said Jensen. “I promise you this, if you ever pick up a pickleball paddle and play a game of singles or doubles you will be hooked! Pickleball is a combination of tennis, ping pong and requires speed, power, finesse and strategy. If you think for a second this is an old people’s game, you will be sadly mistaken and proven wrong! Tune in and watch live for yourself!”

“With everything that is going on in the world right now, we’re glad to be able to bring entertainment with safe health practices and the showcase of a little known sport to the world,” said Sherry. “Pickleball is the fastest growing sport in America for a reason. It’s easy to learn, easy to improve, any age can play, it’s social, and incredibly fun and addictive. Pickleball combines sport and racquet backgrounds in a way no other sport does. Anyone with a sports background can find parallels between their background and pickleball.”

“Pickleball appeals to the old, the young, celebrities, former professionals in others sports. It has something for everyone,” said Siler. “And we’re just happy to be able to showcase this to the world at a time when people are yearning for something to root for.”

Pickleball is a paddle sport that combines many elements of tennis, badminton and ping-pong. The fast-growing, fast-paced game is played with a paddle and plastic ball with holes, as doubles or singles, on a badminton-sized court and a slightly modified tennis net.

Sidelines Shares Insight on the Innovative Act of Legalizing Sports Betting

Despite how anyone feels about sports betting at this juncture, the process of legalization has begun – and there’s likely no chance of stopping it. In May 2018, when the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), only Oregon, Nevada, Montana, and Delaware allowed legalized betting on sports. Now, in 2020, the number of states has grown from four to 21, with a promise of more to come.

Once upon a time, this was a topic people remained hushed about, but now, even NBA Commissioner Adam Silver has recognized that legalized sports betting is making its way “out of the underground and into the sunlight.”

This has paved the way for partnerships between the usual suspects: sports leagues, broadcasters, teams, casinos, and sportsbooks, which are being contracted almost as quickly as the legislation is being passed. Just to name a few, the MLB, NBA, NHL, NFL, and UFC have deals with MGM Resorts, FanDuel, DraftKings, FoxBet, William Hill, and Caesars. These lucrative deals entail profits, real-time data sharing, and branding in the form of logos and social media platform exposure. 

But what does this mean for bettors? 

First, sportsbooks will have immediate access to official league data in real-time. Amongst other benefits, this means better set lines/odds both before and during games, including in-play betting. Sportsbooks can also be more creative with the types of wagers they offer, providing bettors with a multitude of betting choices. 

However, because of how quickly the legalization process is occurring, one can easily be overwhelmed by the ideas of partnerships and changes. What’s more, the heightened involvement of data can be daunting for those who want to bet, despite whether they are old pros or newbies. 

There is a light in this confusing, data-driven world of sports betting, though. 

One of the first companies to arrive on the scene is Sidelines, who knew right away that users needed an easy way to learn the market. Therefore, with the idea of providing users with a distinct advantage and an excellent value, Sidelines launched an odds comparison platform, bringing together market research and analysis for real-time odds comparisons across all legal U.S. sportsbooks. 

This is only a small example of what legalized sports betting will bring. 

The countless advantages to legalization and the process will only continue to gain traction within the community as this is further realized. As a result, both bettors and sports fans should keep themselves well informed on any changes and be prepared for the exciting prospects that will accompany it.