Industry
March 17, 2023
German Regulator Says Black Sports Wagering Market Less than 5%
Germany’s new gambling regulator, the Gemeinsamen Glücksspielbehörde der Länder or GGL, issued a new report Thursday, explaining that licensed sports betting operators had a market share of more than 95% in 2022. This left a niche for black market operators of less than 5%, judging by analysis based on tax data released by the GGL. […]
Business
March 17, 2023
Gambling Revenue in New Jersey Increases by 10.4% In February
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report outlining the performance of racetracks, casinos and their partners during February 2023. Overall, the gaming revenue reported by the gambling operators and their partners last month hit $412.2 million. This result, when compared to the $373.3 million reported for […]
Legal
March 15, 2023
Kentucky Senate Committee Approves Betting Bill
Kentucky may soon legalize sports betting as a new bill continues to gain traction. House Bill 511 seeks to allow wagering on sports at the state’s horse racing tracks, bringing a new gambling vertical to the state. In addition, racing tracks would be able to partner with up to three online operators, allowing local customers […]
Industry
March 15, 2023
Vermont Considers Mobile Sports Betting Legalization
Lawmakers in Vermont continue to discuss a measure that would see the state launch its own mobile sports betting market. While some are still reluctant to expand the state’s wagering industry, others believe that legal betting will prevent the black market from reigning supreme. The bill in question goes under the name H.127 and, if […]
Sports
March 14, 2023
BetMGM Celebrates Basketball with $10M Challenge
The BetMGM Bracket Challenge has proven to be a formula for success. Its 2022 iteration generated substantial bettor interest, bolstering interest in professional basketball and allowing fans to engage with the sport on a new level. This year’s event features the same $10 million grand prize, among other promotions and awards. BetMGM will also use […]
Industry
March 14, 2023
GeoComply Recorded 8.1M Transactions at MA Online Sports Betting Launch
Massachusetts is poised to become a major online betting market, GeoComply said as it recorded more than 400,000 player accounts over the opening weekend. The state launched online sports betting on Friday, March 10, which represents a major development for the wagering sector. Massachusetts to Diligently Regulate Online Sports Betting With Massachusetts being one of […]
Industry
March 14, 2023
Sports Betting Proposal Gains Traction in Kentucky
Kentucky is one of the states that currently seeks to legalize wagering on sports events. Those efforts date back to 2018 when the US Supreme Court struck down PASPA, yet, proposals that call for the legalization of sports wagering haven’t made it all the way to becoming law. House Bill 551 (HB 551), is one […]
Industry
March 13, 2023
Novibet Makes Headway in South America with Fortaleza Sponsorship
Sportsbook sponsorships in Brazil face significantly less stigma than in other countries, as most Brasileirão teams have secured similar contracts. The agreement will benefit both parties, substantially bolster Fortaleza’s coffers and give the Greek bookmaker a significant visibility boost. Novibet is steadily pursuing its Latin America expansion goals and is prepared to invest a lot […]
Industry
March 10, 2023
Germany’s Strict Gambling Regulations Have an Adverse Effect, DSWV Says
Germany continues to be plagued by illegal gambling operators, resulting in lower revenues from the licensed gaming verticals. This is a serious problem that the European country has been struggling for a while with. According to the German Sports Betting Association (Deutsche Sportwettenverband/DSWV), legal sports betting declined in 2022 in spite of the FIFA World […]
Sports
March 9, 2023
Genius Sports Extends Agreement with NBA
Sports data and tech company Genius Sports has, through its Second Spectrum subsidiary, extended its partnership with the National Basketball Association (NBA). Under the multi-year deal expansion, Second Spectrum will be named as the official NBA league pass augmentation provider. The deal will also see the brand as the association’s official basketball analytics provider. As […]
