Betting News – Page 8 – FairOdds Network

March 12, 2025

Mississippi house makes digital sports betting a political football, punts issue back to senate

The Mississippi house amended two senate bills in order to include legal sports betting along with a sweepstakes ban. Those bills are now back in the senate.

When the bills left the senate, neither was about legalising digital sports betting. But both passed the full house on Tuesday (11 March) and bill sponsor Casey Eure says it’s time to negotiate.

One of the bills originally addressed tidelands. The other addressed fines for platforms operating illegally in the state. Language from a dead house digital wagering bill was put into the tidelands bill.

Retail betting has been legal in Mississippi’s casinos since 2018, but attempts since then to add the type of mobile betting available in other states have been rebuffed.

“It’s a possibility” that tidelands will not get addressed this year if the senate fails to take up mobile sports betting, Eure said, according to the Clarion-Ledger. “But the house’s position is on mobile sports betting. We’re concerned about tidelands, but at this..

March 12, 2025

MLB seeks CFTC “integrity framework” for prediction markets

Major League Baseball, perhaps hedging its position regarding the eventuality of trading on its product becoming being a widespread part of prediction markets, asked the Commodity Futures Trading Commission (CFTC) to create an “integrity framework” similar to those in place with states that authorise legalised sports betting.

The Closing Line substack was first to report MLB sent a letter via email to the CFTC noting that the “limited MLB event contracts available today do not carry the same integrity risks as prop bets even single-game bets, but we expect that equivalent offerings will arrive soon.”

To that end, MLB wants that integrity framework for prediction markets in a manner consistent with how it supports “legal sports betting at the state level based on robust regulation and relationships in which sports leagues are viewed as partners and integrity of competition is considered paramount.”

Watching and waiting on Kalshi

MLB’s request of the CFTC comes at a time when Kalshi ..

March 12, 2025

Arizona sports betting revenue dips in December despite handle increase

Sports betting revenue in Arizona fell 28.9% year-on-year in December despite the Grand Canyon State reporting an increase in customer spending to a near-record total.

Monthly handle across both online and retail wagering in Arizona hit $849.3 million (£655.5 million/€778.3 million). This is 20.2% more than December 2023 and the second-highest monthly amount on record, 5.4% less than November 2024.

Figures from the Arizona Department of Gaming show players ventured $844.3 million betting on sports online in the last month of the year. The remaining $5.1 million was wagered at retail sportsbooks.

Turning to revenue, adjusted gross event wagering receipts before free bet deductions were $49.3 million. This fell short of $69.3 million in 2023 and was also 41.4% behind November’s record $84.1 million haul.

Breaking this down, $49.3 million of revenue came from online wagers, with just $45,000 from retail.

Some $23.5 million was deducted in free bets and other promotions. As such, adju..

March 12, 2025

Betting platform showdown: Champions League data reveals when risk pays off – and when it doesn’t

Bettormetrics and iGB present key insights comparing the performance of leading betting platforms during the UEFA Champions League, offering a comprehensive analysis of market trends.

The data from the group stages of the UEFA Champions League matches provides valuable insights into how major betting platforms performed under high-traffic conditions. Key metrics such as uptime, lost wagering, arbitrage exposure and acceptance uptime highlight each operator’s strengths and weaknesses.

Best betting sites for uptime and stability

SkyBet edged out 888Sport and PaddyPower to claim the highest uptime in our cohort, reaching 93.8%. Due to their high uptime and relatively stable price lines, SkyBet also achieved the greatest acceptance uptime, allowing bettors to place wagers more consistently.

Conversely, PaddyPower’s progressive suspension strategy was undermined by its extremely sensitive price lines. The sensitivity of its price lines resulted in a higher frequency of price changes and..

March 12, 2025

Bettormetrics Champions League trading review

For an in-depth data analysis, click here to check out the Bettormetrics trading review.

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 ..

March 10, 2025

Many more testify against Nebraska digital sports betting than for it

Nebraska lawmakers heard three-plus hours of testimony during their first legal digital betting hearing. There was no vote, but opponents dominated the session.

On Monday (10 March) the Nebraska legislature’s general affairs committee heard from representatives from all sides of the issue concerning four legal sports betting bills.

The only thing proponents and opponents agreed on is that online wagering is already happening on the black market in Nebraska. Proponents say that legalising will give law enforcement the tools to tamp down the illegal market. Opponents counter that legalising will only increase the number of people gambling in total.

Retail betting has been available to Nebraskans in certain locations since 2023 and some lawmakers have been trying unsuccessfully for several years to add digital betting to the menu. Most recently, the issue failed to receive floor consideration during a summer special session.

Monday’s first committee hearing was for LR20CA, a constit..

March 10, 2025

SAFE Bet Act to be reintroduced in congress

In congress another attempt to push through a federal wagering framework targeting aspects of the sports betting industry is coming.

US congressman Paul Tonko and US senator Richard Blumenthal announced they will hold a press conference in Washington DC on Tuesday (11 March) to “reintroduce” the Supporting Affordability and Fairness with Every Bet Act (SAFE Bet Act). The pair initially introduced the federal framework for digital sports betting on 12 September. It is one of two federal sports betting proposals circulating on Capitol Hill.

Families affected by gambling addiction and representatives from the Public Health Advocacy Institute at Northeastern University School of Law will also be at the press conference, according to a Monday press release. They will “discuss this legislation and its impact addressing sports betting with a public health approach”.

The proposal calls for a nationwide self-exclusion list and a surgeon general’s report about “public health challenges asso..

March 10, 2025

Weekend Report: Sports betting subscription services potential, Choctaws make crypto casino move, Gaming Corps pens Oddsworks deal

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: sports betting subscription services potential, Choctaws eye cryptocurrency in Oklahoma casinos and Gaming Corps targets North America growth with Oddsworks deal.

YouGov: Potential for igaming subscription services

Up first this week, a new survey has highlighted the potential for sports betting subscription services.

Published by YouGov, the report found that a significant number of bettors would consider paying for a subscription. Of those surveyed, 22% said they would be “very likely” to join some form of subscription service.

A further 43% said that would be “somewhat likely” to subscribe, with 44% of those within this category aged 18-34. In comparison, only 18% of bettors were “not at all likely” to sign up, with 10% “not very likely”.

As for why consumers may be interested, 46% said this was due to the opportunity to access exclusive promotions ..

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