Tag Archives: sportsbook

SportsHandle: California, Ohio Wagering Could Have Reached $400M for Super Bowl

Bettors in California and Ohio potentially could have wagered as much as $400 million on Super Bowl LVI Sunday were sports betting live in either state, according to an in-depth report issued today by SportsHandle.com, a leading news source of information on sports betting legalization in the U.S.

If bettors had the opportunity to wager on this year’s Super Bowl, featuring the Los Angeles Rams and Cincinnati Bengals on Feb. 13 at SoFi Stadium in Los Angeles, Sports Handle projects that handle in California could have reached $300 million with gross gaming revenue reaching $21 million, and the state potentially taking in $2.1 million in tax revenue on a single event.

In Ohio, where fans will watch the Bengals make their first Super Bowl appearance since 1989, handle could have reached up to $100 million, with gross gaming revenue of up to $7 million, and tax revenue of up to $700,000. Both sets of gross gaming revenue projections come from using the industry-standard 7% win rate or “hold” that operators claim in wins against bettors from handle wagered.

The Sports Handle research and subsequent article were compiled by managing editor and sports betting legislation expert Jill R. Dorson and by legislative analyst and wagering revenue researcher Chris Altruda. The research and analysis assume that operators in both states were offering live, legal digital wagering with remote registration for at least one full NFL season ahead of the Super Bowl, that a minimum of 10 digital platforms would be live, that the game would be competitive into the fourth quarter, and that all wagering platforms and the live broadcast would not have any major technical glitches. The tax revenue projections are based on a 10% tax rate, which will go into effect in Ohio when wagering goes live, and is also the proposed tax rate put forth by a group of seven sports betting operators working to qualify an initiative for the November 2022 ballot in California.

The SportsHandle.com article entitled “What If California and Ohio Had Legal, Live Sports Wagering For Super Bowl LVI?” can be accessed here: https://sportshandle.com/california-ohio-super-bowl-projected-handle

In December, Ohio Governor Mike DeWine legalized sports betting when he signed HB 29 into law. State regulators are currently crafting rules, and the law calls for betting to go live no later than Jan. 1, 2023.

In California, a tribal retail-only sports betting initiative has already qualified for the November 2022 ballot. There could potentially be three others, but the most likely is a proposal from a group of seven operators, including BetMGM, DraftKings, and FanDuel, that would allow for statewide mobile wagering with a 10% tax rate. The projections are based on voters approving the operators’ proposal.

Currently, legal online wagering is live in 20 U.S. jurisdictions, with up to three more — Maryland, Ohio, and Puerto Rico — to come online before 2023. In seven other states, retail-only wagering is available.

Founded in May 2017, Sports Handle is an elite sports betting industry news site that covers legislative and regulatory developments through original reporting, features, and analysis. Sports Handle is owned and operated by Better Collective, a leading sports betting media group that includes The Action Network, US Bets, and RotoGrinders.

FanDuel Group, Chicago’s United Center Announce Plans To Open In-Arena Sportsbook

FanDuel Group, the premier online gaming company in the United States, and the United Center, home of the Chicago Bulls and Chicago Blackhawks, today announced plans to open a state-of-the-art FanDuel Sportsbook lounge inside Chicago’s most iconic arena. Pending necessary approvals being obtained, including from the Illinois Gaming Board, FanDuel’s newest in-arena sportsbook lounge will bring the excitement of sports wagering inside the United Center where fans can enjoy the action of Bulls and Blackhawks games all season long.

Plans for the FanDuel Sportsbook at the United Center include a two-story venue unlike any sportsbook in North America. Located adjacent to the United Center atrium, the book is designed to ensure no fan misses out on the action as it would be equipped with state-of-the-art viewing and sports wagering technology, as well as a full-service team ready to deliver a personalized customer experience.

“As an industry leader in sports betting with a large and loyal existing customer base, FanDuel has a proven track record of innovation and excellence making them the perfect partner in developing the sportsbook at the United Center,” said Howard Pizer, Executive Vice President and Chief Executive Officer, United Center Joint Venture. “It is designed to give sports fans a brand new, fully immersive sportsbook lounge experience unlike any other.”

“Chicago sports fans are some of the most loyal and passionate in the world and plans for our sportsbook lounge inside the United Center reflect their excitement,” said Amy Howe, Chief Executive Officer, FanDuel Group. “Our team has a track record of delivering incredible retail locations for fans, and we can’t wait to make this sportsbook lounge the premier destination for Chicago sports fans and a place where they can fully experience the FanDuel brand.”

The addition of a sportsbook within the United Center would mark a strategic expansion of the partnerships FanDuel enjoys with both the Bulls and Blackhawks, which includes media, VIP fan experience and advertising assets throughout the arena and in various broadcasts. The broader partnership would continue to allow FanDuel to reach and engage with the teams’ passionate fan bases both in and out of the arena.

While awaiting approval of the sportsbook from the Illinois Gaming Board, the United Center and FanDuel will build out a non-wagering space adjacent to the United Center atrium that will have FanDuel branding and allow fans to watch live sports action while attending United Center events.

FanDuel Unveils Renderings for New Footprint Center Sportsbook in Arizona

FanDuel, the premier online gaming company in the United States, today unveiled the renderings for its new, luxury sportsbook in the Footprint Center, home to the Phoenix Suns, Phoenix Mercury and Arizona Rattlers, in Phoenix, AZ.

Earlier this year, FanDuel was named as the Suns’ Official Sportsbook and Daily Fantasy Sports Partner, and the FanDuel Sportsbook at Footprint Center will be one of the first sportsbooks in an NBA arena in the entire country.

Stretching over 7,400 square feet, including an outdoor terrace, the FanDuel Sportsbook at Footprint Center will be fans’ one-stop-shop to enjoy Suns games and other sporting events around the world while placing wagers on the action. The sportsbook will feature five betting windows, and one VIP window, 40 HD televisions, a 35-foot video wall, an MVP Room and 26 self-service betting kiosks. The FanDuel Sportsbook will be open daily for patrons to place wagers on a wide variety of events throughout the year.

MSG Networks to Unveil Free-to-Play Gaming App for Sports Fans

MSG Networks Inc. (NYSE: MSGN) today announced that it will launch a new, free-to-play app – MSG Networks Pick ‘Em – developed in partnership with Boom Sports, a leader in online sports-gaming technology. The new prediction gaming app, expected to be available on iOS and Android starting in March, will offer sports fans the chance to win cash prizes during Knicks, Rangers, Islanders, Devils, and Sabres games.

“MSG Networks is thrilled to partner with Boom Sports on our new free-to-play app. We’ve been offering trivia and pick’em games on our MSG GO streaming app since 2018 and have seen firsthand how interactive games can help increase viewer engagement – including how long and how often they tune in,” said Peter Tulloch, Senior Vice President, Digital Products and Distribution, MSG Networks. “MSG Networks Pick ‘Em will further deepen our connection with viewers, providing sports fans with a fun and, potentially, rewarding way to enjoy MSG Networks’ live coverage of their favorite sports teams, while providing MSG Networks with new revenue opportunities.”

“We are excited to be working with MSG Networks to create an app that will enrich the viewing experience, and also offer unique value in the form of user insights and a strategic digital asset,” said Greg Viverito, VP of Partnerships, Boom Sports. “We’re also a New York City-based company so we embraced the opportunity to create a product that adds to the fun of being a fan of New York sports teams.”

MSG Networks’ Pick ‘Em games will have a series of predictive questions rewarding fans with cash prizes for every basketball game, and for hockey games, the jackpot will be progressive.

MSG Networks Pick ‘Em is the latest example of MSG Networks’ commitment to innovation and creating engaging content for its viewers. MSG Networks is the first regional sports network (RSN) to announce a standalone app for free-to-play pick ‘em-style contests. In 2018, MSG Networks was the first RSN to integrate live stats and interactive games on its MSG GO streaming app, which encourages fans to play along with the actual game broadcast for a chance to win prizes.

The free-to-play app is expected to build off of engagement with the gaming fan that MSG Networks has cultivated over the past few seasons, starting with a daily-fantasy focused simulcast in 2018 and evolving to sports-betting focused programming blocks, short-form content acting as previews for the game, and the aforementioned fan contests on MSG GO.

MSG Networks’ exclusive coverage of the NBA’s New York Knicks, and the NHL’s New York Rangers, New York Islanders, New Jersey Devils and Buffalo Sabres can be seen on MSG, MSG+ and on the MSG GO streaming app for phones, tablets and computers. Official rules, scoring, prize and other information for MSG Networks Pick ‘Em will be available when the app launches.

Squaresbook Offers Sports Fans a Lucrative Promotion to Start Betting on the Biggest Games

Squaresbook.com is the newest player in the world of online sports betting. Despite stiff competition from other online betting companies, Squaresbook’s innovative format promises a reprieve from traditional sports betting. Using a betting method familiar to anyone who’s attended a Super Bowl party, Squaresbook is perfect for beginner and veteran betters alike.

That’s right – Squaresbook uses the Score Square Pool format you’d find at a football viewing party for a recognizable betting experience that feels entirely fresh. And right now, they’re offering sports fans the perfect opportunity to start betting. For a limited time, Squaresbook is giving users a 50% bonus on their first deposit up to $200 using promo code BONUS50!

Not a football fan? Not an issue! Squaresbook has developed squares for all major sports. You can start betting on the NFL, NBA, MLB, NHL, MLS, and more today. They even offer online square pools for all major cricket tournaments!

Interested in getting started with Squaresbook’s fresh take on online sports betting? Visit them at www.Squaresbook.com today to sign up. Don’t forget to use code BONUS50 for a 50% bonus on your deposit!

HeadsUp Entertainment to Enter the Regulated Canadian Online Sports Betting Market

Mark Scheifele (Lisa Gansky from New York)

HeadsUp Entertainment International Inc. announces today its strategic plan to enter the regulated sports betting market in Canada. In November 2020, the Canadian federal government introduced a bill (C-218) to the House of Commons that, if passed by both House and Senate, would legalize single-game sports wagering within the country’s 10 provinces and three territories. It is anticipated that this bill will pass in the spring of 2021 and HeadsUp is positioned to be a major player in the sector.

The forthcoming legislation and subsequent changes to the Criminal Code of Canada will allow for HeadsUp to be positioned for rapid growth, taking to market platforms in sports betting, into an industry estimated to be over $14 Billion in annual gross gaming revenue as estimated by the Canadian Gaming Association.

HeadsUp is currently negotiating with 2 sportsbook software providers and is in negotiations with a strategic media partner as a potential merger candidate or acquisition to create unique market access and lower than industry standard costs for player acquisition.

“The rapidly evolving opportunities in the Canadian market, as well as in other countries, are very encouraging and our team has been anticipating licensing and government regulation that we are strategically poised to take advantage of” commented HeadsUp President and CEO Doug Wilson.

The Company will be launching its media content delivery platforms the first week of January which are designed to target viewers and build its base of players in anticipation of the launch of its online gaming products once the path to legalization and licensing in Canada is complete.

Canada is an explosive market for sports wagering and the country is following the lead of New Jersey, Nevada and Pennsylvania as US States that have legalized sports betting.

NFL Enters Week 16 on Historic Scoring Pace, According to TheLines

The NFL will offer plenty of offense this Christmas, with two of the top offenses in the league set to square off and four games with an over/under set at 51.5 points or more in Week 16. So many high point totals shouldn’t be a surprise, according to analysts from TheLines, which tracks odds in U.S. regulated sports betting markets. In fact, the NFL is on a historic scoring pace.

Sunday night’s game between the Tennessee Titans, which leads the NFL with 31.1 points per game, and Green Bay Packers, which is third at 31 points per game, promises two of the most prolific scoring teams in the NFL. Total points for the game as of Monday morning is 56, according to a consensus of the nation’s largest legal online sportsbooks — including DraftKings, FanDuel, PointsBet, PlaySugarHouse, BetMGM, Unibet, and William Hill. No game has offered more points this season.

But games offered at 50 total points or more have not been uncommon this year. In fact, there were five such games in Week 15 alone. Points have been up significantly all year. Through the first 15 weeks, NFL teams are averaging 24.8 points per game, up dramatically from 22.8 points per game in 2019. Barring a points outage over the season’s final games, it should break the scoring average record of 23.6 points per team per game, set in 1948.

“In a season of anomalies, we may never see so many high point totals again,” said Brett Collson, lead analyst for TheLines.com. “There are so many reasons why scoring is up, and many of them are related to the pandemic, from fewer distractions with teams being in relative isolation to quiet stadiums helping road teams stay in sync. Regardless, oddsmakers continue to do well in making adjustments.”

The consensus point spreads for Week 16 and remaining Week 15 games, as of Monday, Dec. 21:

Pittsburgh Steelers (-14.5) at Cincinnati Bengals; over/under 40.5
Minnesota Vikings at New Orleans Saints (-7); over/under 51.5
Tampa Bay Buccaneers (-9) at Detroit Lions; over/under 53.5
San Francisco 49ers at Arizona Cardinals (-3.5); over/under 49.5
Miami Dolphins (-2.5) at Las Vegas Raiders; over/under 47.5
Carolina Panthers at Washington Football Team (-1.5); over/under 44.5
Chicago Bears (-7) at Jacksonville Jaguars; over/under 47
Cincinnati Bengals at Houston Texans (-8.5); over/under 45
Cleveland Browns (-10) at New York Jets; over/under 44.5
Indianapolis Colts at Pittsburgh Steelers (-3); over/under N/A
New York Giants at Baltimore Ravens (-10); over/under N/A
Denver Broncos at Los Angeles Chargers (-3); over/under 48.5
Atlanta Falcons at Kansas City Chiefs (-10.5); over/under 53
Los Angeles Rams at Seattle Seahawks (-1.5); over/under 46.5
Philadelphia Eagles (-1.5) at Dallas Cowboys; over/under 49.5
Tennessee Titans at Green Bay Packers (-4); over/under 56
Buffalo Bills (-6.5) at New England Patriots; over/under 45

To access the updated futures lines for every NFL team, and for more analysis, visit TheLines.com/odds/super-bowl. To access Week 16 odds, visit www.thelines.com/nfl-week-16-lines-2020.

Indiana Sportsbooks Shatter Record with $230 Million in October

Indiana sportsbooks enjoyed a record-shattering October, setting highs in revenue and handle, as bettors were spurred by local interest in the NFL and the return of Big Ten football. In a month that resembled a normal sports schedule more than any month since the pandemic began, October’s handle was more than $230 million, a sign that Indiana’s recent gains are sustainable, according to analysts from PlayIndiana.

“With a schedule that was more comparable to an ordinary October, Indiana’s sportsbooks fared well and offered a clearer read on where Indiana’s market stands,” said Dustin Gouker, lead analyst for PlayIndiana.com. “Interest in the Indianapolis Colts, Indiana University, and Notre Dame is helping as the state transitions from a market that relies on Chicago to one that is more reliant on local bettors.”

Without a once-in-a-lifetime schedule to drive interest, as was the case in September, bettors still made $230.9 million in bets in October, according to official reporting released Tuesday. That breaks the record $207.5 million hit in September and is up 151.8% from $91.7 million in October 2019.

October’s bets also produced a record $21.1 million in adjusted gross revenue for the state’s operators. That is up 82.9% from $11.5 million in October 2019 and easily surpassing the record $14.3 million in revenue generated in September. The month’s revenue yielded $2 million in taxes in October.

Indiana has now generated $1.6 billion in bets since launching in September 2019, but the state was topped in September by both Colorado and Illinois to fall to sixth. However, the state is becoming less reliant on the Chicago market. Bets on the Colts and the surprising Hoosiers fueled $84.7 million in bets on football.

And sportsbooks continue to be imaginative with the types of bets they offer, including offering odds on the Halloween Candy Bowl, a professional candy eating contest held in Las Vegas in late October.

“The market continues to sustain itself by being innovative, which is going to be critical as competition from neighboring states such as Illinois and Michigan increases,” said Jessica Welman, analyst for PlayIndiana.com. “Wringing a few extra dollars from Joey Chestnut downing candy corn might not be a game-changer on its own. But it is a sign of a larger strategy by sportsbooks to diversify their boards in interesting ways.”

FanDuel Par-A-Dice Sportsbook Debuts in Illinois

FanDuel Group today announced the launch of the FanDuel Par-A-Dice Sportsbook app and online experience in Illinois. In partnership with Boyd Gaming, Illinois is the sixth state in the United States where the industry-leading FanDuel Sportsbook online and mobile platform is available. FanDuel is bringing its best-in-class online sports betting experience to sports fans who can now place wagers across professional football, basketball, baseball, golf, MMA, soccer, darts and tennis with a multitude of betting and payment options available.

The FanDuel Par-A-Dice Sportsbook is available for download via iOS and Android for residents and visitors to Illinois.

“We have been waiting for this day for quite some time,” said Mike Raffensperger, CMO of FanDuel Group. “Sports are back, so we are going to show sports fans in Illinois an innovative sports betting app experience with industry leading promotions and consumer protections that have made FanDuel the #1 sportsbook in the U.S.”

The FanDuel Par-A-Dice Sportsbook in Illinois is simple, secure and convenient, with a number of key features, including:

Industry-leading promotions: Any customer that doesn’t win their first bet is refunded their wager, up to $500. Plus, if you refer a friend, you’ll both get $50 more.

Hometown Heroes: The FanDuel Par-A-Dice Sportsbook will offer markets on hometown teams with extremely generous odds to give new customers More Ways to Win.

Innovative Spirit: FanDuel was the first US Sportsbook to offer live streaming of sporting events inside a betting app and the first to offer Same Game Parlays, which is the ability to build a parlay utilizing betting markets from the same game.

FanDuel Group’s Account and Wallet Technology: FanDuel Group developed its own account and wallet technology in-house that is the backbone of the new operating system on the FanDuel Par-A-Dice Sportsbook app in Illinois. The FanDuel Par-A-Dice Sportsbook now connects to FanDuel’s popular fantasy sports app, so customers can use fantasy sports and sportsbook winnings interchangeably.

Cash Out: FanDuel offers fast, secure payouts enabling customers to withdraw their winnings in as little as 24 hours. The new Cash Out feature allows you to settle a bet for a certain value before the sporting event bet on has finished.

In addition, the FanDuel Par-A-Dice Sportsbook offers a range of payment options, safe and secure banking, lightning fast payouts usually within twenty four hours, 24/7 customer service, and in-game wagering allowing users to bet on live games as they’re being played. FanDuel utilizes its proprietary risk and trading technology that leverages the IGT PlaySports platform. The FanDuel Par-A-Dice Sportsbook also has account protections in place and a global reputation for responsible wagering.

Sports fans in Illinois can download the FanDuel Par-A-Dice Sportsbook app today on iOS and Android or visit https://il.sportsbook.fanduel.com/sports. For more on the FanDuel Sportsbook and sports betting content, follow @FDSportsbook on Twitter.

FanDuel Gives More Than $80 Million To Customers

With the return of sports this week, every current FanDuel customer with a daily fantasy sports account and/or an online sportsbook account is today waking up to an extra $10 site credit in their account to celebrate the return of sports. Whether a customer signed up today or in 2015, more than $80 million in site credits has been distributed to FanDuel customers to use for daily fantasy contests and legal sports bets as the NBA, NHL and MLB return to action after a long layoff.

“We are excited for the return of sports and wanted to give all of our customers a chance to get in on the action for free,” said Mike Raffensperger, CMO of FanDuel Group. “Putting more than $80 million in site credits into our customers’ accounts to enter DFS contests or to make legal sports bets is a thank you to our customers for their loyalty during this long stretch without the NBA, NHL and MLB.”

As America’s #1 Sportsbook app and an official partner of the NBA, MLB and NHL, FanDuel leads the industry in customer friendly promotions. FanDuel was the first legal U.S. sports betting operator to offer early payouts for futures wagers, the first to offer Spread the Love where the line was moved in the customer’s favor for every 2500 bets placed on a particular market, the first to offer a Bad Beat Refund as well as daily generous super odds boosts and promotions. To celebrate the Return of Sports, FanDuel is also offering up to a day of risk free betting up to $100 for all users on their first day back to the site from 7/21-8/2.

The more than $80 million site credit giveaway will be accompanied by an advertising campaign with a new television commercial beginning July 22. The $10 provided to customers will be in the form of either FanDuel DFS site credit or FanDuel Sportsbook site credit. There are no state restrictions and the special offer is available to new and current customers. Customers will need to use the $10 by August 2 or the site credit will be voided.

Betsson Enters the US Online Sports Betting Market in Colorado

Betsson will enter the US online sports betting market by signing an agreement with its partner Dostal Alley Casino who will provide market access for Business-to-Consumer (B2C) online sports betting in the US state of Colorado. Betsson plans to launch its proprietary sportsbook in the first part of 2021, after regulatory approval.

This is a strategic move reflecting Betsson’s drive to grow in new regulated markets, providing access for Betsson to the rapidly expanding online sports betting market in the US. The agreement is for an initial term of 10 years. This initiative is a first and cautious step into the US market, designed to benefit Betsson with key learnings, brand presence and initial customers. This new market entry reflects Betsson’s general business strategy of prudence where the aim is to grow in a financially safe manner, with low risk, ensuring a long term sustainable and growing business.

Betsson has the ambition to build US presence, initially with a small office in Colorado. Betsson’s vision is to create the best user experiences in the market, tailored to regional customer needs and differences. The move also gives Betsson an opportunity to showcase the strength of its sportsbook in the US market and supports the ambition to sell its proprietary sportsbook to Business-to-Business (B2B) customers in the future.

Colorado was the 18^th state in the US to legalise online sports betting effective from 1 May this year, allowing 33 licences, each to include one, so called, `skin’. Gambling duty is 10% on Gross Gaming Revenue and customers are allowed to register and bet online while within the state borders. The online sports betting market in Colorado is estimated to reach approximately $200 million at saturation (source H2GC). Colorado is a wealthy state in the top-third of the US states by GDP with nearly six million inhabitants and growing. It is both a tech and sports hub with its own teams in major American sporting leagues.

CinDee Spellman, CFO of Dostal Alley Casino comments: “As a company with over 28 years in the gaming business, we are thrilled to welcome Betsson to the US as we partner with them for online sports betting in Colorado. With their decades of experience in online gaming we are confident that they will bring the very best experience to players in the Centennial State!”

Pontus Lindwall, CEO and President of Betsson AB says: “I am very excited to reach this milestone, further expanding Betsson’s global reach by entering a new continent through the fast-growing online market in the US. Dostal Alley Casino has more than 60 years of experience of doing business in Colorado and will play an important role in our journey to build US presence. The whole country has a strong culture of gambling and is now experiencing online penetration at accelerated pace, where consumers are transitioning from traditional retail outlets to also now bet on their mobile devices. We have followed the development in the US closely since the possibility of a repeal of the PASPA and have carefully considered ways to enter the market. We are now looking forward to exploring the potential with our proprietary sportsbook.”

World Sports Network Launches Sports Betting Podcast With Bill Krackomberger

World Sports Network (WSN.com) has recently expanded its sports news and entertainment coverage in the United States by announcing a new podcast partnership with expert sports bettor Bill Krackomberger.

nBill Krackomberger commented on the new show, “I’ve been approached to do podcasts before but I believe this is the right place for it. After betting on sports professionally for over twenty-five years I am looking forward to a show where we will educate sports bettors with real actionable advice every week.”

James Whitelock, Head of Marketing at WSN, “We are very excited to launch this new podcast in partnership with Bill Krackomberger. Bill sits in the middle of an extensive community of sports bettors in the US, I believe this relationship will drive WSN forward and provide a great platform for sports bettors looking for an edge from respected experts.”

The show is intended for novice and professional sports bettors and will feature special guests, many of whom are Bill’s friends and acquaintances and known bettors in their own fields. Bill is joined on the show by Rosalie Michaels, a daily fantasy sports analyst, who will go into betting concepts with him.

The show will be available on all popular podcast services.

New Jersey Sportsbooks Surprise in May but Still Lag by Nearly $400 Million, According to PlayNJ

New Jersey’s online sportsbooks more than doubled the state’s combined handle in May, but still fell short of an ordinary May by nearly $400 million, according to PlayNJ estimates. This while online casinos and poker rooms continue to boom, buoying the Garden State’s gaming industry.

“May’s increase is a positive sign, but until major professional sports resume and Atlantic City casinos reopen, the gaming industry will look nowhere near normal,” said Dustin Gouker, lead analyst for PlayNJ.com. “But optimism can be found with DraftKings, which has become a darling of Wall Street since it became a publicly traded company. That shows just how much confidence investors have in the future of sports betting.”

New Jersey’s online sportsbooks managed to boost the state’s monthly handle to $117.8 million, up 115.8% from $54.6 million in April, according to official reporting released Friday. But May’s handle is down 63.1% from $318.9 million in May 2019 and still well short of the more than $500 million in bets that would have been made in an ordinary May, according to PlayNJ estimates.

May’s bets produced a surprising $9.9 million in gross revenue — more than tripling the $2.6 million in April 2020 — yielding $1.3 million in state taxes.

Sports categorized as “other” than football, basketball, and baseball generated $95.4 million in bets in May, up from $88 million in May 2019.

“The bottom-line sports betting numbers aren’t pretty, but there is a silver lining in how online sportsbooks have managed to survive these shutdowns,” said Eric Ramsey, an analyst for PlayNJ.com. “New Jersey’s operators have been creative in keeping bettors engaged and sportsbooks generating revenue, even when fringe sports are the only real attraction. Thanks to some imagination, it appears online sportsbooks will help the industry get through this.”

Without retail sportsbooks, online sportsbooks were the only revenue generator for the state. FanDuel Sportsbook/PointsBet led the market with $4.3 million in gross revenue.

“We are just starting to see the light at the end of the tunnel,” Gouker said. “Retail sports betting will take time to return to something resembling normal. But the path to recovery for online sportsbooks is simple: Sports need to come back. That is finally starting to happen.”

Meanwhile, online casinos and poker rooms rose to a new monthly record in May with a combined $85.9 million, up 7.5% from the record $79.96 million in April and up 134.7% from $36.6 million in May 2019.

Online casinos and poker generated a record $2.8 million per day during the 31 days in May, up from $2.7 million per day in April. That revenue yielded $12.9 million in state taxes. The Golden Nugget’s dominance of the market continued with $29.1 million in revenue, up from $27.6 million in April.

“Land-based gambling revenue almost certainly won’t return in June, and it will take some time to recover even when it does come back while Atlantic City casinos presumably navigate reduced capacity and relatively weak tourism demand,” Ramsey said. “Because of that, online casinos will be relied upon to bridge the revenue gap, even once land-based casinos reopen. Even if that online revenue can’t replace what has been lost from the shutdown, the overall gaming industry would be in much worse shape without it.”

For more, visit PlayNJ.com/news.

PlayNJ: State Sportsbooks Nearly Hit $500 Million in Feb., But Uncertainty Lies Ahead

Super Bowl betting pushed New Jersey’s online and retail sportsbooks to a strong February, though the monthly handle fell short of $500 million for the first time since October. But the concern for New Jersey’s sportsbooks is what lies ahead, according to PlayNJ analysts, after the NBA suspended its season, the NCAA Tournament limited spectators, and other leagues mull suspensions.

“New Jersey’s year-over-year gains remained impressive in February, but we are in uncharted territory now,” said Dustin Gouker, lead analyst for PlayNJ.com. “Obviously there are bigger concerns with coronavirus, but the NBA is a major revenue driver for New Jersey’s sportsbooks. So the suspension of the season, in addition to suspensions of other sports, will undoubtedly have a significant effect.”

New Jersey’s online and retail sportsbooks made a giant year-over-year leap in handle to $494.8 million, up 54.4% from $320.4 million in February 2019, according to official reporting released Thursday.

New Jersey generated $54.2 million in Super Bowl bets, but that was No. 2 to Nevada’s $156.8 million. Still, the Garden State could surpass Nevada, which posted a $458.6 million in handle in February 2019.

Despite losing $4.3 million on the big game, New Jersey sportsbooks managed to produce $17 million in gross revenue, resulting in $2.2 million in tax revenue for the state. Basketball, which produced a $6.6 million win on $219.3 million in wagers, helped sportsbooks overcome the Super Bowl loss.

“New Jersey bettors continue to show heavy interest in basketball,” Gouker said. “March Madness appears as of now as if it will be played, and it is one of the largest betting holidays in the U.S. But it is impossible to gauge just how much interest there will be if it is played at all.”

Online betting generated $436.5 million in wagers, 88.2% of the state’s handle in February. FanDuel Sportsbook/PointsBet led the way with $9.6 million in gross revenue from online betting, down from $22.2 million in January.

FanDuel Sportsbook at The Meadowlands again capitalized on the New York market. The retail market leader posted $1.4 million in gross revenue, up from $4.3 million in January.

ONLINE CASINOS

New Jersey’s online and poker industry set a revenue-per-day record in February, generating $52 million in revenue during the short month. February’s total was up 64% from $31.7 million in February 2019 and just shy of the record $55.1 million set last month.

Online casinos and poker generated $1.79 million per day during the 29 days in February, up from $1.78 million per day in January. March, which has historically been a big month for online casinos, could bring even more revenue in, as Atlantic City casinos brace for any impact from the coronavirus outbreak.

“Online casinos and sportsbooks should help buoy their land-based casino counterparts in Atlantic City should the coronavirus impact casino operations,” said Eric Ramsey, an analyst for PlayNJ.com. “The Golden Nugget’s online casino already generates more revenue than its retail casino, and others have been closing the gap. That online revenue stream could prove vitally important in the coming months.”

For more, visit PlayNJ.com/news.

Momentum of Pennsylvania Sportsbooks Grows with $348 Million January, According to PlayPennsylvania.com

A record-setting January pushed Pennsylvania’s online and retail sportsbooks to the brink of $100 million in lifetime revenue. But even with a strong start to the New Year, Pennsylvania still has much ground to gain to catch New Jersey and Nevada, according to PlayPennsylvania.com.

“Pennsylvania’s momentum is growing, and January shows that the state’s sportsbooks can sustain it even as the NFL season winds down,” said Dustin Gouker, lead analyst for PlayPennsylvania.com. “Pennsylvania will likely remain the nation’s No. 3 market for the foreseeable future. But it is becoming clearer that it will one day challenge Nevada and New Jersey as the largest legal sports betting market in the U.S.”

Pennsylvania’s sportsbooks accepted a record $348.4 million in wagers in January, breaking the $342.6 million record set in December up dramatically from $32 million in January 2019, according to official data released Wednesday. $308.6 million, or 88.6%, of the state’s January handle came online.

January’s bets produced a record $31.6 million in gross revenue — up from $17.5 million in December. That produced $7.78 million in state taxes. With January’s gains, Pennsylvania’s sportsbooks have now generated $116.4 million in gross revenue since launching in November 2018.

“The opportunities for growth are abundant for Pennsylvania,” Gouker said. “It’s population base is a huge advantage. Infrastructure issues have slowed the state’s development. But the industry is unquestionably getting past its growing pains.”

FanDuel Sportsbook at Valley Forge Casino remains the market leader with $153.1 million January bets, down from $154.5 million in December. That yielded $8.1 million in taxable revenue, up from $7 million. But DraftKings at The Meadows grew to $58.7 million in January from $35.9 million in December. That produced $2.8 million in taxable revenue, up from $732,883.

The online market could soon get a shakeup. Penn National Gaming is acquiring a stake in Barstool Sports and with it, a recognizable brand for its online casino and sportsbook, which will presumably launch later this year.

“DraftKings has been aggressively marketing itself in Pennsylvania, and it is making some headway in its attempt to catch up with FanDuel. But it still has a long way to go,” Gouker said. “Meanwhile, the expected launch later this year of the Barstool-branded online casino and sportsbook will add intrigue to a market that has been predictably controlled by the two most recognizable brands in online sports betting.”

The retail market was led by Rivers Philadelphia’s $7.4 million handle, down from $7.7 million in December. That yielded $1.1 million in revenue, up from $590,177.

Online casinos
The retail market was led by Rivers Philadelphia’s $7.4 million handle, down from $7.7 million in December. That yielded $1.1 million in revenue, up from $590,177. Rivers-Philadelphia led the way with $3.5 million in revenue on $146.4 million in wagers.

The roster of online casinos grew to seven in January. FanDuel Casino debuted on Jan. 24, generating $2.1 million. FanDuel was followed by the launch of BetAmerica less than a week later.

“The online casino market should get a real jolt from FanDuel’s entrance,” Gouker said. “Integrated within FanDuel’s market-leading sportsbook app, the FanDuel Casino is ideally positioned to leverage its success as a sportsbook into success as an online casino.”

CBS Sports and William Hill Announce Official Partnership

CBS Sports and William Hill, America’s leading sports book operator, today announced a strategic partnership that makes William Hill the Official Sports Book and Wagering Data Provider across all CBS Sports platforms. The deal will reimagine fan engagement through a unique integration of sports betting, media, product and technology. The partnership will tip off with initial integrations in March on CBS Sports digital platforms, with a full rollout planned for the fantasy football season.

The partnership extends CBS Sports’ digital leadership in the sports betting space and allows for the creation of even more relevant content across its wide array of platforms. CBS Sports will utilize William Hill’s odds, experts and more than 140 sports books to bolster its current digital offerings, delivering deeper information and programming produced from William Hill sports books across the country, and further engaging sports bettors and fans. In addition, the partnership includes opportunities to feature William Hill data, odds and markets across CBS television programming.

William Hill will receive exclusive rights to promote its brand across CBS Sports’ broad range of digital properties, including through CBS Sports Fantasy, one of the largest fantasy platforms in the world, resulting in highly efficient customer acquisition for the sports betting company.

“We’re thrilled to launch this momentous partnership, which will allow us to deepen our investment and further extend our leadership in delivering multi-platform sports wagering content, while providing William Hill with unprecedented reach for their market-leading betting platform as they continue to grow their industry-leading U.S. business,” said Jeffrey Gerttula, Executive Vice President and General Manager, CBS Sports Digital. “The power of our distribution, combined with the strength of our brands and the expertise of William Hill, has us well positioned to tap into the explosive growth of the legal sports betting industry in the U.S. Together, we will deliver even more value to this rapidly growing segment of sports fans.”

“CBS Sports, similar to William Hill, has a longstanding history of connecting fans directly to the biggest events and most iconic moments in sports,” said Joe Asher, CEO of William Hill US. “We are excited about this partnership, with assets including mass-reach digital content products, one of the largest fantasy sports databases and platforms in the world, and leading sports television programming, which will allow us to expand the William Hill brand across America quickly and efficiently.”

CBS Sports Digital is the second-largest sports property in the U.S. with more than 80 million users per month across its sites and apps as well as tens of millions of followers on social platforms. CBS Sports Digital offerings include SportsLine, the dedicated subscription platform for game picks and predictions that has seen strong subscriber growth in recent years; CBSSports.com; 24/7 streaming network CBS Sports HQ, which features the nightly SportsLine show focused on sports betting and delivered triple-digit viewership growth in 2019; CBS Sports Fantasy; CBS Sports apps; and 247Sports.

Powered by a heritage that dates back to 1934, William Hill established its U.S. presence in Las Vegas in 2012 and has grown to become America’s leading sports book operator by differentiating itself from the industry as an innovative pioneer in sports betting. Following the U.S. Supreme Court’s decision that overturned PASPA in 2018, William Hill has led the United States expansion of sports betting and now has operations in 10 states. The company currently accepts one out of every four sports bets placed in the U.S.

Financial terms of the deal are not being disclosed.

Betfred USA Sports and Saratoga Casino Black Hawk Sign Agreement for Colorado Sports Betting Operations

Betfred, the world’s largest privately-owned retail bookmaker, and Saratoga Casino Black Hawk have signed an agreement to offer Sports Wagering throughout the state of Colorado.

Subject to regulatory approval, Betfred and Saratoga Casino will be opening a full sports book at the casinos Black Hawk, Colorado property, as well as offering mobile and internet betting for customers within the state of Colorado.

“We are delighted to partner with Saratoga Casino Black Hawk,” stated Mark Stebbings, Betfred Group Chief Operating Officer. “This is an exciting opportunity for both companies and we look forward to sharing our joint expertise to provide excellent service and value for sports bettors both on premise in Black Hawk and online to the people within the state of Colorado.”

Betfred has been established since 1967 and is one of the biggest sports betting brands in the United Kingdom with over 1500 retail outlets and a leading online platform. Betfred will also provide compliance, support, marketing and trading as part of the business partnership.

“We are excited to have Betfred as our sports wagering partner,” said Daniel Gerrity, President of Saratoga Casino Black Hawk. “With over 50 years of international experience in the industry, it’s a great opportunity to leverage their expertise along with the Saratoga brand to become the market leader in sports wagering in Colorado.”

PlayNJ.com: New Jersey Sportsbooks’ Handle Tops $4.5 Billion in 2019

New Jersey’s sportsbooks and online casinos performed in December in much the same way they spent the rest of 2019: With new records and more growth. Retail and online sportsbooks combined with online casinos and poker to generate nearly $800 million in revenue in 2019, sending New Jersey into 2020 with plenty of momentum, according to PlayNJ.com analysts.

“Online sports betting and casino gambling should continue on or near its current growth trajectory in 2020,” said Dustin Gouker, lead analyst for PlayNJ.com. “Online growth will continue to be a net win for New Jersey’s gaming industry.”

New Jersey’s online and retail sportsbooks collected $557.8 million in bets in December, short of the record $562.2 million handle set in November, according to official reporting. December 2019’s handle was up 74.7% from $319.2 million in December 2018.

Revenue from sportsbooks reached $29.4 million, down from $32.9 million in November and up 41.4% from $20.8 million won in December 2018. December’s revenue yielded $3.7 million in tax revenue for the state.

For 2019, New Jersey’s sportsbooks combined to generate:

$4.6 billion in bets. Of that $3.8 billion, or 83.7%, was generated online.
Revenue of $299.4 million, including $244.5 million online.
State tax revenue of $36.5 million.

New Jersey will fall short of Nevada, which has generated $4.7 billion in bets through November, in the race to be the country’s largest legal sports betting jurisdiction.

“2019 could very well go down as the last year that New Jersey was eclipsed by Nevada,” said Eric Ramsey, analyst for PlayNJ.com said. “From its proximity to the New York market to its pioneering online sports betting infrastructure, New Jersey’s positives as a sports betting market will continue to fuel its growth.”

In December, online betting generated $488.9 million, or 87.6% of the state’s handle, up from 86.5% in November. FanDuel Sportsbook/PointsBet continues to pace the online market, tallying $12.1 million in gross revenue, down from $12.2 million in November.

FanDuel Sportsbook at The Meadowlands lead the retail market with $2.4 million in November gross revenue.

“In addition to constant growth, one of the constants in New Jersey’s sports betting market has been FanDuel’s dominance,” Gouker said. “The brands under Resorts Digital have made it a relatively close second in the online market, but it has proven difficult to overcome FanDuel’s advantages, despite the brand recognition that comes from DraftKings and Fox Bet.”

FanHub Creates New Multisport Mobile Picks and Props Game For Buffalo Wild Wings

FanHub, the largest provider of casual, free to play sports-focused digital gaming platforms in the world, today announced a new multisport collaboration with Buffalo Wild Wings. The collaboration will expand upon Picks & Props, the existing game co-branded with their partner BetMGM, operated by ROAR Digital – a joint venture between MGM Resorts International and GVC Holding. The platform launches as both the NFL Playoffs and the 2020 College Football Playoff National Championship between Clemson and LSU come into focus. It is the second time that FanHub and BWW have collaborated on a first-class, user-friendly mobile gaming experience. The multisport Picks & Props game comes after a successful NFL-only version of the game had approximately 300,000 users this fall.

“We are pleased to be able to work with Buffalo Wild Wings and launch what we think will be the standard fan engagement platform for consumers going forward – a simple, multisport user friendly experience that will really grow interest in each day,” said Phil de Winter, Head of Business Development, Americas, FanHub. “People want to be able to have fun and build rewards that have value, and this game does all that for whatever team, league or sport you enjoy.”

“With this next phase of Picks and Props, we continue our great partnership with FanHub and press forward in building out a top tier, free-to-play experience for our guests,” said Brandon Gill, Director of Experience and Gaming, Buffalo Wild Wings. “In addition to new features and sports, we continue to build a unique and seamless experience connecting our guests to our betting gaming partner, BetMGM.”

Going all the way through the Super Bowl, Picks & Props will run daily contests on a variety of sports, offering a private jet to six games of the winner’s choice through a partnership with Wheels Up. Throughout the game, contests can be based on NFL, NBA, NCAA Football, NCAA Basketball or NHL games. The multisport version of the game will also continue to have integrated odds and betting functionality for New Jersey-based users through the BWW and BetMGM partnership.

The co-branded game displays live BetMGM odds to all users so that they can make picks based on real lines and props. Users in New Jersey can place bets and get a pre-filled parlay bet slip based on their predictions.

The top weekly winners win free wings for a year that can be redeemed at any Buffalo Wild Wings location. Certain days will see the addition of a Blazin’ Bonus Question that offers users a massive amount of points if they correctly pick the underdog compared to the favorite. Scoring a perfect contest will unlock a streak points multiplier, giving users the best possible chance to get a high scoring week. The final contest will be published for the Super Bowl on February 2.

The latest partnership with Buffalo Wild Wings follows the success of similar global sporting platforms and brands, which have embraced digital games and fan experiences as an entry point for the engagement of millions of new fans. FanHub’s partners, from the NFL and Major League Baseball to the AFL and the ATP, have enjoyed a world class delivery of innovative digital sport experiences that have been seamless and beyond reproach. Even more growth for these products and more are coming in 2020.

Canadians’ Passion for Sports Uncovers Huge Potential for Online Betting According to Global Affiliation Company

Swedish affiliation company Leadstar Media recently launched Mybettingsites.com/ca for the Canadian market. It is the company’s third North American website, but the first one targeting the Great White North. “The potential for sports betting in Canada is huge and we want to be a part of it,” says CEO Eskil Kvarnström.

Swedish iGaming lead generation company Leadstar Media has launched a bookmaker comparison website in Canada as they progress their global expansion.

Adding to the already lengthy list of markets they are active in, which includes the US, UK, Germany, and Brazil, the introduction of MyBettingsites.com/ca to Leadstars portfolio represents a significant state of intent and a desire to continue their rapid growth.

CEO Eskil Kvarnström sees huge potential in the Canadian market, and believes now is the perfect time for Leadstar to take the plunge: “Betting in Canada is only getting bigger, and it has always been a territory in which we have wanted to make some noise.

“There is a really interesting gambling culture over there, which is of course helped by how passionate Canadians are about sports.”

MyBettingsites.com rates and reviews bookies as well as providing betting guides and bonus offers for sportsbooks and online casino sites.

Visitors to the site can also find up-to-date information around the legality of gambling, deposit methods, plus new features on betting websites and apps.

“We always strive to be a dependable resource for gamblers and bookmakers. Our online betting partners bring a multitude of benefits, and more importantly the convenience of being able to bet from a mobile device from anywhere at any time. That is simply a necessity in modern-day gambling,” continued Kvarnström.

Having entered the US and Canada in quick succession, further launches are expected from Leadstar in other countries in 2020.

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