Sports betting – Page 14 – FairOdds Network

February 11, 2025

New York smashes sports betting revenue and handle records in January

New York set new monthly records for online sports betting handle and revenue in January as the state marked three years since launching its regulated market.

Player spending on mobile sports betting in January topped $2.48 billion (£2.01 billion/€2.41 billion). This surpasses the existing New York record of $2.32 billion, set in October last year, by 6.9%.

The January handle total is also 25.9% higher the same month last year. New York opened its legal online betting market in January 2022.

In terms of gross gaming revenue, data from the New York State Gaming Commission places this at $247.0 million for the month. This is another new record, surpassing the $231.6 million reported in November 2024 by 6.7%.

As for year-on-year comparison, revenue in January 2025 was 16.7% higher than in 2024.

This resulted in a monthly hold of 9.96% for the Empire State in January.

FanDuel sets operator records in New York

Looking to operators, FanDuel set several new monthly records for individu..

February 10, 2025

GeoComply: Super Bowl LIX data showed 14% increase in active accounts

The Philadelphia Eagles weren't the only winners this past Super Bowl weekend. According to initial data, legal sportsbook operators saw a 14% increase in active accounts over last year.

Compliance and geolocation tech supplier GeoComply released its annual data report after the game on Sunday (9 February). The top-line news was a 14% year-on-year increase in active legal online sports betting accounts.

This is welcome news for the industry, especially given that there were no new markets launched for this year’s game. Missouri voters legalised sports betting there last November but the market has yet to launch. Over the course of the weekend, GeoComply said there were 724,400 new accounts created from 12am Saturday (8 February) through the end of the game Sunday night.

The other big takeaway from the report was the growth rate of active users in states that have taken action against illegal operators.

No markets or numbers were given, but user growth in states that have ta..

February 7, 2025

State of the Union: Bet the coin flip in MA, OH lawmakers aren’t for doubling the tax, 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.

MA regulator to allow Super Bowl coin flip bets

A year after voting not to allow bets on the Super Bowl coin flip, the Massachusetts Gaming Commission (MGC) reversed itself on Thursday (6 February). Operators in the state can now offer the bet ahead of Sunday’s Super Bowl between the Kansas City Chiefs and Philadelphia Eagles. Since last year, former MGC chair Cathy Judd-Stein retired and commissioner Paul Brodeur joined. Brodeur, who said “it’s not something that can be gamed, so I’m comfortable moving forward with this,” was the swing vote.

The commission also agreed to hold an adjudicatory hearing for Caesars Sportsbook. The company took bets on the total number of red cards during UEFA Euros 2024. MGC regulations prohibit bets on penalties, injuries and other things that could be manipulated. Caesars to..

February 7, 2025

Great Britain online GGY up 21% in Q4 amid record customer activity

Online gross gambling yield (GGY) in Great Britain increased 21% year-on-year during the fourth quarter of 2024 to £1.54 billion (€1.85 billion/$1.92 billion) as the total number of bets and spins reached a record high.

Data published yesterday (6 February) by the Great Britain Gambling Commission covers the three months to 31 December 2024. It primarily covers online gambling but also references GGY and activity in the land-based betting sector.

The Q4 online GGY figure surpasses the £1.30 billion posted in the same period in the last year. It is also 16.7% ahead of £1.32 billion in the third quarter of last year.

On top of this, overall online bets and spins jumped 8% year-on-year to a record 25.9 billion. However, average monthly active player accounts declined 3% in Q4.

Slots GGY hits £709 million

Slots remain the primary source of GGY in Britain. During Q4, online slots GGY reached £709 million, an increase of 15%. Total spins were also 9% higher at 23.9 billion while average..

February 7, 2025

Mizuhara gets 57-month prison term; judge says he “undermined” himself

Former Shohei Ohtani Japanese-language interpreter Ippei Mizuhara was sentenced on Thursday (6 February) to 57 months in federal prison and three years of parole. He was also ordered to pay more than $18 million (£14.5 million/€17.3 million) in restitution after stealing from Ohtani to fund an illegal gambling habit.

US district judge John Holcomb said Mizuhara “undermined” himself with a letter he wrote to the court asking for an 18-month sentence. Holcomb said he gave the letter no weight because Mizuhara “misrepresented truths” and it “suffered from (missing) important facts”.

Mizuhara, who pleaded guilty to two federal counts in June, stole nearly $17 million from Ohtani for gambling debts. On Thursday he was sentenced in US District Court for the Central District of California. The maximum sentence for one count of bank fraud and one count of signing a fraudulent tax return was 33 years.

He asked for and was granted 45 days to report to begin his sentence in a Southern Califo..

February 6, 2025

Episode 42: Bills bills bills as US legislative season gets under way

You want sports betting bills? You want some icasino bills? We’ve got them and more and there’s even an opportunity to stop over in New York for a look at the (down)state of the casino process and touch on tax hikes in Ohio (again) in the latest episode of the World Series of Politics.

Which states have sports betting bills in play?

It was an early mover in sports betting, but since 2018 Mississippi sports betting is only allowed in the state’s casinos. With a mobile betting bill sailing through the Magnolia State’s house, could 2025 finally be the year betting comes to citizens’ smartphones?

Meanwhile in Minnesota a legislative standoff seems to have resolved. Does this mean lawmakers can turn their attention to getting Minnesota sports betting out of the starting gates?

Listen on Apple Podcasts

Oh no Ohio

Ohio was an early mover, but not the good kind, doubling its sports betting tax rate. Now for the second budget cycle in a row there’s a tax increase in the offing, as part ..

February 6, 2025

H2 Gambling Capital projecting $1.6 billion regulated betting handle for Super Bowl LIX

The Kansas City Chiefs will take on the Philadelphia Eagles in Super Bowl LIX this weekend. H2 Gambling Capital joins the buildup with its breakdown of betting handle by state, and the teams and the spread.

We’re just days away from Super Bowl LIX with the Philadelphia Eagles taking on the Kansas City Chiefs in New Orleans.

Sunday 9 February’s kickoff marks the eleventh time New Orleans has hosted the Super Bowl, becoming the most popular host city along with Miami. H2 expects a record amount of wagers will be riding on the game, the highest wagering on a single match in the US.

Jump to:

Projected handle and gross yield

Betting handle by state

Hold rates

How the teams match up

What to expect from the game

Benchmarking against Nevada

17% increase in wagers to generate $1.6 billion handle

H2 expects almost $1.6 billion to be wagered through onshore licensed sportsbooks. New York is likely to narrowly overtake Nevada as the state generating the most handle for the Super Bowl, ..

February 6, 2025

Super Bowl LIX: Record projections, prediction markets and prop scrutiny

This Sunday (9 February), the two-time reigning champion Kansas City Chiefs will defend their title against the Philadelphia Eagles in Super Bowl LIX. The game is America's biggest stage, for legal bookmakers, illegal ones and everything in between.

As of this writing, the Chiefs are 1.5-point favourites over the Eagles at most major books, with the exception of Caesars Sportsbook (-1). The line has held steady since it opened following the conference championships 26 January. Kansas City is almost universally -120 on the moneyline, with Philadelphia hovering around even (+100) up to +105 at Bet365.

The over/under for the game opened at 50.5 points, but books now vary between 49.5, 49 and 48.5. The fact that it has gone down is likely in response to the Eagles’ first-ranked defence. That said, Kansas City has scored at least 25 points in three of its four Super Bowl appearances since 2019. The only time it didn’t was 2021, when it lost to the Tampa Bay Buccaneers 31-9.

This ..

February 6, 2025

2025 a year of stability in Brazil as sector interprets new regulations, says legal expert

The first year of Brazil's legal online gambling market will be one of interpretation and major consolidation of regulations, predicts specialist betting lawyer Udo Seckelmann of Bichara e Motta Advogados. He also believes the public narrative against gambling is influencing the SPA's decisions.

Speaking to iGB, Seckelmann, who is head of gambling & crypto at Bichara e Motta Advogados, said he believes this first year of operation for online gambling in Brazil will bring many changes in regulations as the sector settles into the new rules.

He expects 2025 to be a “year of consolidation” for gambling in Brazil as regulations and expectations from the regulator are interpreted and finalised.

“We can expect a lot of changes and consolidation in Brazil this year, consolidation of the understanding or the interpretation [of regulations] for the SPA. [Consolidation] of what’s going to work, what’s going to be allowed, what’s not going to be allowed and eventual changes that w..

February 6, 2025

Record Q4 drives Betsson to “best year ever,” says Pontus Lindwall

Betsson reported its “strongest year ever” in 2024 after a record performance during Q4 helped drive full-year revenue, net profit and EBITDA to all-time highs.

Revenue for the three months to 31 December 2024 amounted to €306.8 million (£255.3 million/$318.8 million). This surpasses Q4 of the previous year by 21.8% and is the first time quarterly revenue has exceeded €300 million.

Betsson, which published its full-year results today (6 February), reported increases within both its casino and sports betting operations. The group also saw revenue rise across several regional markets around the world, with Latin America posting the most growth.

In Q4 the company recorded an increase in overall customer deposits to a record €1.58 billion, a new quarterly record. Active customers edged up to 1.3 million, although the number of registered players dipped 1.1% to 29.4 million following the decision to exit certain markets.

CEO Pontus Lindwall put this regional growth down to constant inve..

February 5, 2025

After IPI disaster, has CNMI abandoned land-based casino hopes?

The Commonwealth of the Northern Mariana Islands (CNMI) is drafting legislation that would dissolve its gaming commission. The Pacific island group is looking at igaming as a next step.

On 4 February, CNMI representative Ralph N Yumul told Marianas Variety that a house committee is reviewing the 2014 statutes which legalised gaming and established the Commonwealth Casino Commission (CCC).

If enacted, the move would transfer the regulator’s enforcement powers to the lottery commission. At that point, Yamul said, the CCC “will not be in existence anymore”.

Committee members are also looking at online gaming and “marketing it out to the world”, Yamul said. The CCC “can’t do its job anymore”, he added, “because it’s tied with the only casino licensee in the CNMI.”

And its experience with that licensee, Imperial Pacific International (IPI), has been nothing short of disastrous.

Ten years ago, IPI opened a temporary casino, called Best Sunshine Live, inside a shopping mall on Saipan, th..

February 5, 2025

Hawaii senate committee moves sports betting bill, but road to legalisation no sure thing

A Hawaii senate bill that would legalise digital sports betting moved forward on Tuesday (4 February). But not convincingly.

On Tuesday the senate economic development and technology committee advanced SB 1569, which would allow for statewide mobile sports betting. It is the second wagering bill to gain traction in the Hawaii legislature in a week.

On 31 January, the house economic development and technology committee moved HB 1308 forward. That bill is the house companion to SB 1569. In both chambers, the committees unanimously moved the bills, but several lawmakers did so “with reservations”. That suggests that the bills won’t have a smooth ride through the legislature.

The sports betting bills are two of at least eight gambling bills in the state legislature. Among them is a house bill that would only allow for gambling in designated tourist zones, a restriction not seen elsewhere in the US, but proposed and in practice in several Asian countries. There are also bills that wou..

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Tag: Sports betting