February 28, 2025 – FairOdds Network

February 28, 2025

Strip comes roaring back as Nevada posts second-best month ever in January

This year kicked off with a bang for Nevada gaming, as the state posted its second-best monthly total ever, led by the Las Vegas Strip.

According to Nevada Gaming Control Board data released on Thursday (27 February), the state posted $1.43 billion (£1.13 billion/€1.38 billion) in gross gaming revenue (GGR) in January. That is a 12.5% year-on-year increase and the second-highest monthly total ever, behind last December’s $1.46 billion. The Silver State is now flat for the fiscal year to date.

In welcome news for the industry, the Las Vegas Strip bucked its streak of six straight months of YoY decreases. America’s gaming capital posted $840 million in GGR, up 22.4% from last year. January was its third-best month of all time, behind the two previous Decembers ($905 million in 2023, $881.2 million in 2024). This strong result was enough to bring the Strip up to -1.6% for the FY so far, despite the down months.

In a reversal of previous trends, downtown Las Vegas posted a 2% YoY dec..

February 28, 2025

State of the Union: College basketball black eyes, Brennan leaving Prime Sports, more

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Two college hoop teams investigated over gambling

Just over two weeks ahead of Selection Sunday, college basketball is getting more black eyes. Two universities have opened gambling investigations.

College basketball analyst Jeff Goodman tweeted on 26 February that the four University of New Orleans (UNO) players who have been benched since late January are now under investigation for gambling. In addition, on the West Coast, Fresno State sat out two players on 22 February in the midst of a gambling investigation.

The New Orleans men’s basketball team has held out four of its top five scorers since a Jan. 27 loss to UIW due to an investigation into sports gambling, sources told @TheFieldOf68.
Leading scorer James White (19.2 ppg), Jah Short (9.2 ppg), Dae Dae Hunter (8.2 ppg) and Jamond…
— Jeff Goodman (..

February 28, 2025

Free prize draws could be cannibalising lottery, says GC’s Andrew Rhodes

The percentage of people gambling in the UK remained flat during Q3 at 48%, although Gambling Commission (GC) CEO Andrew Rhodes believes a significant uptick in free prize draws could be cannibalising the licensed lottery vertical.

Some 4,675 adults were surveyed for wave three of the GC’s GSGB, covering the three months to the end of October. The GSGB reports that 48% of respondents gambled at some point in the previous four weeks, level with both Q1 and Q2.

Commenting on the data during the Betting and Gaming Council’s AGM on 27 February, Gambling Commission CEO Andrew Rhodes noted a significant rise in activity on free prize draws, which are not regulated under the Lotteries Act and therefore not featured in the data or even considered gambling by law.

“We’ve seen the growth of large-scale prize draws and that growth has been very significant,” Rhodes told BGC members.

“We’ve also seen society lottery sales go over the £1 billion mark for the first time.”

He noted that price ..

February 28, 2025

Penn’s ESPN Bet struggles continue; Snowden addresses plans if progress stagnates

Penn Entertainment's Jay Snowden pointed to “lower loss sequentially” coming every quarter in 2025 as well as better ways to “optimise spend” with ESPN in the company's quarterly earnings conference call. But Penn fell short of some expectations and beat others for the last quarter of 2024.

Saying once again on the company’s fourth-quarter earnings call on Thursday (27 February) that the future is bright, Penn’s CEO placed heavy focus on what is to come versus what has already happened Snowden said Penn is seeing “green shoots” throughout its departments while “we have more work to do to unlock the full potential and value of our partnership with ESPN”.

For digital gaming overall, the company reported revenue of $275 million (£218 million/€$264.7 million) for the fourth quarter. Its $109.8 million in adjusted EBITDA loss was a $224 million improvement compared to the same quarter for 2023, but those numbers still pulled down Penn’s overall performance and were below analys..

February 28, 2025

Formula 1 signs ALT Sports Data as official betting data supplier

San Diego-based ALT Sports Data has entered into an official betting data partnership with the Formula 1 motor-racing series.

Under the terms of the deal, announced today (28 February), ALT Sports Data becomes the official betting data supplier to Formula 1. The length of the new agreement has not been disclosed.

ALT Sports Data will develop betting-focused, real-time predictive analytics for Formula 1. The data specialist will also supply proprietary data and priced odds solutions for the wagering sector.

Formula 1 said the partnership will help to expand its betting options, with more markets being made available to fans. It added that working with ALT Sports Data will ensure betting data is accurate, consistent and ratified.

Formula 1 eyes greater fan engagement

The series also said the deal will offer fans new ways to interact with the sport, with more betting options to increase engagement with Formula 1.

“Sports betting is an increasingly important part of the global fan ex..

February 28, 2025

UK government has “no plans” for wider greyhound racing ban

Lisa Nandy, secretary of state for culture, media and sport, told parliament yesterday (27 February) there are “no plans” to extend a recently announced ban on greyhound racing in Wales to the rest of the UK.

Last week, the Welsh government announced that it would be moving ahead with a ban “as soon as practically possible”. In doing so, it will become the first country in the UK to halt greyhound racing.

The announcement raised questions as to whether other countries, or the entire UK, could follow suit. Several MPs have since spoken in UK parliament to declare their support for the sport, including Stephanie Peacock, undersecretary of state for culture, media and sport.

Yesterday, Louie French, MP for Old Bexley and Sidcup, raised the issue directly with Nandy, who in her governmental role oversees all sport in the UK. French asked whether she agreed with her deputy (Peacock) in that no such ban should be put in place.

Nandy responded by saying there are currently no plans to ext..

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