Online sports betting – Page 11

January 31, 2025

Minnesota sports betting bill comprehensive, but could raise questions in Indian Country

Filed on Thursday (30 January), a comprehensive Minnesota sports betting bill could raise eyebrows within tribes. But here's a look at what else is inside.

Senator Matt Klein, a longtime legal sports betting proponent, filed SB 757, which would allow for statewide mobile sports betting with platforms tied to tribal casinos. The bill also outlines regulations for daily fantasy and would allow for betting on esports.

Minnesota lawmakers have been trying for at least four years to legalise sports betting. But finding the sweet spot with the state’s 11 tribes – who have exclusivity for gaming – and local horse tracks has proved elusive.

Klein’s bill lays out a detailed framework that would allow for 11 wagering operator licences for the state’s tribes. The tribes, in turn, could contract with management service providers for digital wagering platforms. According to the text of the bill, any bets placed outside of Indian Country would be taxed at 22%. That rate is higher than the..

January 31, 2025

State of the Union: Feds don’t believe Mizuhara; Wyoming online gambling on hold until next week; 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.

Feds recommend 57 months for Mizuhara

In court documents released on Thursday (30 January), US attorneys are recommending a “significant period of incarceration” for former Shohei Ohtani interpreter Ippei Mizuhara. The documents were filed a week ahead of Mizuhara’s 6 February sentencing hearing. Mizuhara bet with an illegal bookmaker and stole $17 million (£13.7 million/€16.3 million) from baseball star Ohtani.

In the documents, Jeff Mitchell, the US attorney leading the government’s case, clearly states that he does not believe that Mizuhara had a long-standing gambling addiction.

Exhibits filed with the case show that Mizuhara started gambling on a legal site, DraftKings, in 2023 after he had “already stolen millions of dollars from Mr Ohtani”. The statements paint Mizuhara as a dishonest thief rather ..

January 30, 2025

Study finds 10% of Dutch adults gambled online in 2024

New data has shown just 10% of those aged 16 and over in the Netherlands have gambled online in the last 12 months.

On Wednesday (29 January), the Scientific Research and Data Centre (WODC) in the Netherlands released a factsheet unveiling the findings of three recent studies on Dutch online gambling, which launched in the country in October 2021.

The studies, which cover various periods during 2024, revealed that while 64% of those aged 16 and over in the Netherlands have gambled offline throughout 2024, just one in 10 had placed a bet online.

Lotteries were the predominant form of offline gambling, with 55% of the gambling population using that vertical in 2024, while scratchcards (21%) and bingo (7%) were also prevalent.

Notably, sports betting was the only vertical in which online outpaced land-based, with 4% betting online compared to 3% for offline.

Dutch online gambling rising in popularity

The WODC said 70% of those who had bet online in 2024, had started doing so once th..

January 29, 2025

Will US pro leagues become sports betting exchange operators?

Rise of prediction markets on sports events creates entry point for league-run exchanges.

For the quarter century-plus from 1992 until May 2018, the four prominent US-based pro sports leagues plus the NCAA acted as the legal bulwark against the expansion of legal sports betting outside Nevada.

Things changed when the Supreme Court announced its decision in Murphy v NCAA in 2018. That decision opened the floodgates for the legalisation of sports wagering nationwide. Senators and congressmen across the country heeded the call and the leagues, well, they played ball. This began with Major League Baseball and the National Basketball Association announcing a first wave of authorised gaming operators, which are effectively licensing and sponsorship agreements with certain sportsbooks.

Things may soon go much further.

In the wake of the latest mutation within the DNA of US sports betting – the apparent legality of Commodities Futures Trading Commission (CFTC)-regulated sports events contr..

January 28, 2025

iGB@ICE: Rei do Pitaco CEO Kiko Augusto on the pivot from fantasy to sports betting

Kiko Augusto, CEO of Rei do Pitaco, shares insights with iGB@ICE on the company’s journey from a daily fantasy sports (DFS) platform to becoming one of the 14 fully-licensed sports betting operators in Brazil.

Drawing inspiration from the examples of DFS-turned-sports betting giants DraftKings and FanDuel in the US, Rei do Pitaco has built a tech-driven product tailored to Brazilian users.

With a strong user base migrated from fantasy sports, Rei do Pitaco is aiming to utilise its DFS origins to deliver an entertaining Brazilian sports betting experience.

“Back when we started the company in 2019, there was no daily fantasy for cash prizes as there were in the US,” Augusto explains to host Katie Goldfinch.

“We followed the playbook of DraftKings and FanDuel. “We’re going to acquire a lot of customers that play fantasy sports for cash prizes and now we’re in the regulated market with a big user base of customers that like sports.”

January 27, 2025

NH lawmakers won’t raise legal sports betting age

New Hampshire is one of four US jurisdictions that set the legal wagering age at 18. For now, that's where it will stay.

The New Hampshire house ways and means committee on Monday (27 January) declined to move forward HB 83, which would have raised the legal betting age to 21. The committee voted, 11-7, that the bill was “inexpedient to legislate”, which means that it is dead.

Kentucky, Wyoming and Washington DC are the other three jurisdictions that allow 18-year-olds to place bets.

During the ways and means executive session, there was some conversation about whether or not to change the legal betting age.

Representative Thomas Schamberg favoured the bill, saying, “I think it is important that we make a statement about the age limit like we have about alcohol, tobacco products and vapes. Basically, I am supporting the age of 21 in New Hampshire.”

Aures: “I see it as a liberty issue”

But Representative Cyril Aures spoke for what turned out to be the majority.

“I’d ju..

January 24, 2025

State of the Union: Mizuhara sentencing postponed, Kalshi taking sports bets

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.

Mizuhara sentencing pushed to 6 February

Sentencing for former Shohei Ohtani interpreter Ippei Mizuhara was moved from today (24 January) to 6 February, a California US Attorney’s Office announced yesterday (23 January). Mizuhara in June pleaded guilty to stealing $17 million (£13.6 million/€16.1 million) from Ohtani for illegal sports betting. He faces up to 33 years in prison on counts of bank fraud and subscribing to a fraudulent tax return. Mizuhara will be sentenced by Judge John Holcomb in the US District Court for the Central District of California.

In a 29-pg memo, attorney Michael Freedman wrote that courts routinely “vary downward,” for gambling, adding that Ippei's addiction warrants a variance. He asked the Court to impose an 18-month sentence. A forensic psychologist also supports a downwa..

January 23, 2025

Ontario online gambling spend reaches record high in Q3

Ontario players spent CA$22.7 billion (£12.8 billion/€15.2 billion/US$12.8 billion) gambling online during Q3, the highest quarterly amount on record, while the Canadian province has switched to a new, monthly reporting schedule.

Previously, iGaming Ontario, which regulates online gambling in the province, published data on a quarterly basis. However, upon releasing figures for Q3, it confirmed results will now be available every month.

Data is now available for each month since Ontario launched legal online gambling in April of 2022.

Online casino spend reaches new high

Focusing first on Q3, total market spend was 32% higher than in the same quarter of 2023-24. It is also 22% ahead of Q2 of the current financial year. Ontario’s Q3 ran for the three months to 31 December 2024.

Online casino remains by far the main area of interest for players in the province. During Q3, some $18.9 billion was spent in this segment, up 38% on the previous year and another new record for Ontario.

S..

January 23, 2025

From Indiana to New York, US legislative season already packed with bills

State legislators again are taking on the challenge of expanding the internet casino market for 2025.

With the turning of the calendar year comes optimism in most any endeavour. Stage legislatures are no different when it comes to internet casino gaming and sports wagering. A flurry of gambling legislation nationwide has been filed in attempts to expand a still-growing market.

Casino Reports has been gamely trying to keep up with these state-by-state machinations. Here is a rundown of what is going on, perhaps in your backyard:

Indiana: Optimism abounds once more

The Hoosier State was among the first to launch sports wagering post-PASPA and has consistently punched above its weight. Indiana closed out 2024 by becoming the eighth state to surpass $20 billion (£1.6 billion/€1.9 billion) all-time handle. It has surpassed $1.75 billion in sports betting revenue.

Legalising internet casino gaming has been a tougher slog. There was a moratorium on such bills last year after former Repre..

January 23, 2025

Michigan online gambling reaches record $2.9 billion in 2024

Revenue from online gambling in Michigan reached an all-time high of $2.9 billion (£2.4 billion/€2.8 billion) during the 2024 calendar year, with the state reporting record figures across both igaming and sports betting.

Gross internet gaming and sports betting receipts for 2024 surpassed the previous record, set in 2023, by 23.8%. This is also more than double the $1.90 billion in the first year of legal online gambling in Michigan in 2021.

Adjusted revenue, which accounts for promotional spending, amounted to $2.4 billion, up 22.3% year-on-year. Figures from the Michigan Gaming Control Board (MGCB), published on Tuesday (21 January), cover commercial and tribal operators.

Igaming revenue tops $2.4 billion

Starting with igaming, revenue in this segment of the market topped $2.4 billion in 2024. This beats the previous year by 26.3% and is a new record for the state. Adjusted gross receipts for igaming also reached an all-time high of $2.2 billion, an increase of 27.2%.

BetMGM and..

January 22, 2025

ICE: California tribes won’t try for wagering legalisation in 2026

On Tuesday (21 January) a panel of California tribal leaders told ICE participants that they won't put legal sports betting on the 2026 ballot. Indian Country has reached some consensus, but polling indicates voters aren't interested.

California Nations Indian Gaming Association (CNIGA) chairman James Siva said that tribes have “come too far and have too far to go to rush into this complex sports betting (issue) which is tied to igaming”. His remarks led a chorus during the ‘State of Gambling in California: Current Trends and Future Prospects’ discussion at the ICE convention in Barcelona.

Siva was joined by Pechanga Band of Mission Indians councilmember Catalina Chacon and San Manuel Band of Mission Indians vice chairman Johnny Hernandez. The panel was the last of four put on by the Indian Gaming Association (IGA). A how-to guide for working with Indian Country, a history of how San Manuel grew gaming and a discussion about remaining growth opportunities for tribal sport..

January 22, 2025

Massachusetts sets another sports betting handle record in December

Massachusetts reported a record sports betting handle for the fourth consecutive month in December, with consumers in the Bay State wagering $788.3 million (£639.3 million/€757.4 million).

The December total surpasses the existing monthly state record of $777.8 million in November by 1.4%. It is also 19.7% more than the $658.7 million bet in Massachusetts in December of 2023.

Massachusetts Gaming Commission data shows online betting spend for the month was $776.8 million. Retail sportsbooks across the state took a total of $11.5 million in bets.

As for revenue, however, total taxable gaming revenue declined 5.1% year-on-year to $57.5 million. This is also 28.6% lower than November’s record $80.5 million haul. The decline comes in the wake of customer-friendly sports results that impacted the entire industry in December.

Online betting was responsible for almost all revenue in December, generating $57.4 million. In contrast, just $64,037 came from retail wagering.

In terms of hold..

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Tag: Online sports betting