Business & Financial
Sportsbook Hold Percentage Rises to 9.8%
The US sportsbook gross hold percentage during the month of July was 9.8%. This represented one of the best months since sports betting became legalized in May of 2018. At that time the hold percentage was in the neighborhood of 7%.
Zetly Enters Into Metaverse Partnership With Haste Arcade
Blockchain-based sports platform Zetly has announced a new partnership with Haste Arcade. The two will work in conjunction bringing the sports metaverse to life courtesy of the Bitcoin SV blockchain.
Mind-Blowing Sports Betting Facts: More Than Half Do It
What Percentage of the North American Population has Placed a Sports Bet in Their Lifetime? What's the Average Bet Placed By Those 21 and Up? You might be surprised.
Is the US Congress Pro Proof-of-Work When it Comes to Crytpo Mining?
Canadian accounting firm MNP published a report in November 2021 titled “The Search for a More Efficient Blockchain,” found that BSV was the most efficient network of those it investigated. This was due to BSV’s unbounded transaction processing capacity and the network’s use of more up-to-date hardware.
$360 Million Spent on Dueling California Sports Betting Props So Far
Since June 30, some $16.5 million is being brought in to the state on a weekly basis. That number will surely increase as we inch closer to November.
CBS Sports Becomes a Dominating Force Among Sports Betting Affiliates
Plus KC AG wants fixes to sports betting, but Governor's office not happy it appears.
Is Bovada Legal in Georgia?
Bovada is accessible in the state of Georgia and licensed in the island nation of Antigua. The US Supreme Court in 2018 reversed decades of prohibition of sports wagering nationwide, however, Georgia lawmakers have little appetite for amending their own local laws. As such, we are not likely to see in-state licensed sportsbooks in Georgia any time soon.
House of the Dragon - Who Will Sit on Iron Throne End of Season 1 Betting Odds
The premier episode Sunday night pulled in 9.99M viewers, the best-ever for an HBO & HBO Max original series.
Legendary Pro Bettor The Real Fats: “You Can’t Make a Good Bet, a Better Bet, by Making a Bad Bet!”
Plus how social gaming set Bryan Bennett up to succeed at Betfred with that gambling firm set to enter the Ohio sports betting market next year through a partnership with the Cincinnati Bengals.
Ray Lesniak's Book Tells Tale of How He Beat Feds Who Wanted to Ban Sports Betting
Lesniak, a shrewd attorney, knew that PASPA violated the U.S. Constitution—the Federal government can’t let one state have an industry but ban another state from having the same industry, in this case legal sports betting.
Most Important Steps in the Merging of Crypto Gaming and Gambling
There was a time when gaming companies and developers were at the cutting edge of technology, exploring innovative methods and future revenue streams. Yet that has become less apparent in the past few years, as the larger providers aim to stick with tried and tested properties to bring in revenue. As a direct result, crypto gaming, gambling and even the metaverse to a lesser extent, have been left to experiment.
Advertising Rules Must Be Reviewed Before Sports Betting Can Move Forward in Kansas
The attorney general’s office approved three proposed regulations but returned others to the Kansas Lottery after “identifying specific shortcomings that must be remedied,” John Milburn, a spokesman for Attorney General Derek Schmidt, said in a news release Friday.
Entain Awarded Socially Responsible Operator of the Year Just Weeks Before £17mn Fine for Failing to Adhere to Social Responsibility
Prochaska, in his interview with the BBC, said he does not believe anything will change much. "I am worried that they and other operators in this industry see these fines as simply the cost of doing business."
FanDuel, DraftKings Scale Back on Marketing Ahead of New Football Season... With Some Exceptions
“I think what we’re seeing is, everyone is looking around going ‘Hang on, it’s gone too far,’” BetMGM Chief Executive Adam Greenblatt told the New York Post. “We need to make money. The market, frankly, is expecting us and others to make money.”
Penn National Agrees to Acquire Rest of Barstool Sports
Penn is buying the sports entertainment and gambling company outright, having already paid $163 million for a 36% prior ownership. This brings the valuation to $450 million.
Kansas Sports Betting by September 8, Entourage Actor Jerry Ferrara Joins the BetMGM Team
No word yet if retail or online sports betting, or both, are set to launch on that date.
"Cleansed" Offshore Sportsbooks Will Be Welcome in Newly Regulated Ontario Market
Plus Right Angle Sports looks at the pros and cons of modeling and power rating adjustments. And Catena Media Reports continued strength in North America mmid more restrictions elsewhere. Also: BetCRIS coming to the Hard Rock as SBC Summit Latinoamérica premium sponsor this November 1-3.
Cocca’s Pizza, Irish Bob’s Pub, Steel Valley Entertainment Among Dozen Plus to Get Sports Betting Licenses in Ohio
Some dozen venues just got approved by the Ohio Casino Control Commission in recent days, including pizzarias.
Blockchain and Metaverse Expert Agency CoinPoint Sign a Strategic Partnership
Plus EU’s new AML watchdog spells trouble for ‘crypto’ crooks
The Ethereum Merge is Coming: CoinBase to Pause Transactions
Ethereum is anticipated to move to Proof-of-Stake (PoS) on or around September 15, 2022 making it more secure, less energy-intensive, and better for implementing new scaling solutions. Coinbase and other crypto exchanges are pausing Ethereum and ERC-20 withdrawals and deposits during the merge
Entain Receives Historic £17mn Fine
The company has admitted wrongdoing though it appears to be shifting blame towards previous owners....and continues to do so three years later. Helen Thomas of the Financial Times calls them out.
NJ Sports Betting Handle Falls 16%
The New Jersey Division of Gaming Enforcement show that the casinos in total won just shy of $299 million from in-person gamblers, slightly more than the $277 million won pre-pandemic in July 2019.
Can I Bet the Little League World Series on the Caesars Sportsbook App?
Caesars Sportsbook prohibits betting on youth events such as the Little League World Series. Other popular sportsbooks like long established BetOnline have zero qualms about taking bets on the Little League World Series and have already released odds for 2022 (Wed, Aug 17, 2022 – Sun, Aug 28, 2022).
What Are the Biggest Business Blunders Online Bookie Software Will Help Prevent?
As a bookie, mistakes can be costly. Having the right online bookie software can help minimize potential blunders. Here's how.
Disney to Offer Sports Betting?
Activist investor Daniel Loeb’s Third Point hedge fund wants Disney to get more involved in sports betting. More specifically, he wants ESPN spun off.
BitMart Loses Bid to Limit FTC Probe, Gambling Kingpin Arrested
On August 9, the Federal Trade Commission (FTC) issued an order denying the petition sought by the New Jersey-based Bachi.Tech Corporation to quash or limit portions of a Civil Investigative Demand (CID).
Spank Odds Almost Ready to Go: Now Everyone Will Have Access to Pinnacle Line Moves
At one point this past month, Spank Odds was among the most searched for terms coming to the Gambling911.com website and its founder, Gadoon “Spanky” Kryollos, has been heavily promoting the free odds service via social media platforms such as Twitter.
Micro-Betting Explained: What Are the Sports Best Suited for This Wagering Model?
Speaking to iGaming NEXT, venture capitalist and managing partner of Sharp Alpha Advisors Lloyd Danzig said: “Soccer is a low-scoring game with a continuous clock, minimal stoppages, and far fewer discrete events as compared to the most popular US sports. Basketball, baseball, and American football appear to be especially well-suited for micro-betting.”
Hashing it Out: Tyler Farnsworth - Chief Marketing Officer - Built By Gamers
Micropayments are set to disrupt the current revenue models in the gaming space, especially following recent news that YouTube influencer and boxer Jake Paul has launched his own microbetting-focused sports betting website.
