March 11, 2025 – FairOdds Network

March 11, 2025

Happy anniversary! North Carolina’s first year of sports betting in line with other states its size

Tuesday (11 March) marked a year since North Carolina launched sports betting and its regulator shared a snapshot of what the first twelve months looked like.

According to the North Carolina State Lottery Commission, operators took $6.6 billion (€6.1 billion/£5.1 billion) in bets during the first 12 months. The commission released an anniversary report describing the numbers from the first year, problem and responsible gambling initiatives and how legalisation and launch happened.

According to the report, operators collected $713 million in gross gaming revenue (GGR) and paid the state $128 million in taxes. The state charges an 18% tax on GGR.

The numbers fall in line with other states of similar size and situations. North Carolina has a population of 11 million people, several big-time college football and basketball teams, three major professional sports teams and multiple NASCAR venues.

For comparison, in Ohio (population: 11.8 million), the Ohio Casino Control Commission launc..

March 11, 2025

SAFE Bet Act gets another day in the sun ahead of March Madness

A US congressman and senator are preparing to reintroduce the SAFE Bet Act, again saying they don't oppose digital gambling but want the federal government to make it safer.

On Tuesday (11 March), at a press conference on Capitol Hill, Representative Paul Tonko and Senator Richard Blumenthal gathered responsible and problem gambling advocates and an addiction survivor to talk about the Supporting Affordability & Fairness with Every Bet Act (SAFE Bet Act).

Tonko said there was a change to the original proposal, although the new bill has not yet been filed. In addition to previous requirements in the proposal, which saw no action in the prior congressional session, states would now be required to “work with the federal government to shut down the illegal market”.

This is an issue that states so far have taken the lead on. From Arizona to Michigan, regulators have sent cease-and-desist letters to offshore sportsbooks warning them to shutter. And state legislatures, including those..

March 11, 2025

North Carolina sports betting handle drops to six-month low in February

Player spending on sports betting in North Carolina hit $526 million (£407.3 million/€482.7 million) in February, the lowest monthly total since last August.

The February handle was 16% behind the $646.9 million wagered in North Carolina during January. It was also the fifth-lowest amount since the state launched its legal sports betting market in March 2024.

Figures posted yesterday (10 March) by the North Carolina State Lottery Commission show some $17.4 million of the handle total came from promotional wagers.

In addition, $2.6 million in bets were voided, while players won a total of $485.2 million from betting in February.

Monthly betting revenue tops $55.7 million

Gross wagering revenue reached $55.7 million, down 25.2% from January. The state’s record haul came in November, when $78.1 million was reported.

As such, monthly hold in the state was 10.59%, behind the 11.05% reported in January.

In terms of tax, North Carolina was able to draw just over $10 million from sports..

March 11, 2025

KSA raises concerns over Analyse Master, clears licensees of wrongdoing

Kansspelautoriteit (KSA) has cleared two of its licensees of any wrongdoing in a case related to sports betting tips provider Analyse Master, although the Dutch gambling regulator said it holds concerns over the nature of the platform.

Last autumn, Dutch journalism platform Pointer published an investigation into both Analyse Master and its associated Telegram channel. This heavily focused on its use of role models to promote online gambling.

Pointer highlighted how licensed operators in the Netherlands are prohibited from including role models in gambling adverts. This led KSA to launch its own investigation into Analyse Master, with details of this published today (11 March).

The probe saw KSA speak with two Dutch licence-holders who were mentioned on the Telegram channel and the platform. The regulator did not name either party.

KSA found one company had a partnership in place with Analyse Master but terminated the relationship when it became aware of the use of role models. As ..

Mon	Tue	Wed	Thu	Fri	Sat	Sun
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18	19	20	21	22	23
24	25	26	27	28	29	30
31

Daily Archives: March 11, 2025