Valorant has been an undeniable success. Though it might not be the hottest topic in common gaming conversations, its esports scene is thriving and the community continues to grow. I’ve recently ended up on Valorant Tiktok and there are even specific influencers for the scene, sharing their Viper line ups, toxic experiences with other players, hilarious fails, and triumphant aces. The community in and around Valorant is alive and well, and it seems that all is going to plan, huh Riot?
Valorant came out as an obvious riff on Counter Strike mechanics mixed with a hearty helping of Overwatch’s cartoony heroes. An inviting aesthetic meets brutal time-to-kill shootouts; a successful cocktail now almost two years on from its full release, with more maps, more agents, and an exciting esports scene.
Admittedly not everything is fine and dandy with the game. Though gunplay was pitched as the great equaliser by Riot, the abilities of agents skew results and maps are noticeably loved or hated. Jett was overpowered from day one as the must-play Duelist, and it took almost two years to go through a significant nerf to try and combat that. Astra’s pick rate became awful after a heavy nerf and Chamber is going through a similar fate. Queues for competition revolve around who wants to dodge the map Breeze or if your agent of choice is already taken. There are still design issues that make the game a little frustrating.
Kara Endahl, a 28-year-old Manhattanite who works in the tech industry, started placing bets on sports games the first weekend New York launched its legal mobile wagering market in January.
“I’ve always been a sports-watching bystander,” Endahl says. “My boyfriend is extremely into sports, so for me when it became legal I thought to myself, ‘I’m watching these games anyway, I might as well get more invested in them and throw a few dollars here, a few dollars there.’”
A former cheerleader at the University of Texas at Austin, Endahl primarily bets on college football. (She’s a Longhorns fan and her boyfriend loves the University of Michigan.) During the College Football National Championship this year, she was watching the University of Georgia play the University of Alabama with a group of girlfriends and got them all to sign up for a gaming app using her referral code. For each new person who joined, she would get $50—soon she racked up $300. Now, Endahl and her friends gamble on sports regularly.
“Whenever there’s a big game that we’re all going to watch together we put down some money just for fun,” she says. “If you’re putting $5 here and there, you’re going to spend more on a beer.”
During March Madness this year, Endahl and her friends did a bracket pool. The stakes? The loser had to dress up like Spider-Man and go to a bar on a Saturday night. Otherwise, she always stays within her limits. “I’m frugal,” Endahl says. “You would never see me put $100 on a game.”
Illinois – March record Handle of $971,278,389, up 43.0% from $679.4 million in February and up 53.3% from $633.6 million in March 2021; Online betting accounted for 95.5% ($927.5 million) of all handle; GGR of $79.4 million, up 59.2% from $49.9 million in March 2021 and up 155.6% from $31.1 million in February; AGR of $60,629,327; hold of 6.5% and taxes of $9.8 million; FanDuel recorded $310.7 million in online wagers and retail wagers of $5 million; DraftKings was second with $289.2m in handle, then BetRivers at $105.9 million, PointsBet with new record for traditional handle with slightly more than $77 million, then Barstool with $66.8 million; Basketball (including both the men’s and women’s NCAA tournaments and the NBA) had a handle of $554.3 million, followed by tennis with $64 million in wagers, Soccer ranked fourth, then hockey and Boxing and MMA fifth reporting wagering of $9.9 million; BetMGM reported $43 million handle in its first month in the state; FanDuel became the first mobile operator in Illinois to surpass $300 million; PointsBet reported record handle in the state with slightly more than $77 million and record monthly revenue with $6.6 million
Indiana – total April handle of $360,023,255, down from March’s $476 million and a 52% increase from April ‘21; AGR of $28,657,433 and taxes of $2,722,456; Basketball was top sports with $129.2 million in handle, followed by the “other” category with $76.5 million then baseball with $56.7 million and Football with $3.8 million; Blue Chip Casino led all properties with $112,437,291 in handle and $12,677,237 in AGR, followed by Ameristar Casino with $101,579,801 handle and $7,073,738 AGR
West Virginia – April Handle of $45,633,610, down almost 12% from March and up 62% from April ‘21; mobile handle of $37,890,540; total revenue of $3,033,505, down 10% from March and up 38% from April ‘21; mobile revenue of $3,158,059 (retail books reported -$124,554); hold of 6.65% and taxes of $257,848; TheGreenbrier reported a -$540,197 down on $695,363 in handle, the biggest monthly loss of any retail book since launch in September 2018; 2022 YTD – Handle of $222,431,344, Revenue of $13,499,916, hold of 6.07% and taxes of $1,147,493; All time – Handle of $1,432,382,237, Revenue of $111,109,645, hold of 7.76% and taxes of $9,444,321
Maryland – April handle of $26.9 million, down 13% from March; GGR of $2,838,501, down almost 28% from March; AGR of $2.7 million, down 28% from March; hold of 10% and taxes of $415,801; Live Casino! & Hotel was first with $13.3 million in handle, followed by MGM National Harbor with handle of $7,311,057.15, Horseshoe Casino third with $3.8 million, Hollywood Casino Perryville with $1.24 million and Ocean downs with $1.14 million; 2022 YTD – Handle of $115,991,715, GGR of $12,096,767, AGR of $11,806,494, hold of 10.18% and taxes of 1,771,546; Since launch (December) – handle of $132.5 million, GGR of $15,266,767, AGR of approximately $14.9 million and taxes of $2.2 million
New York – handle of $292.5 million for the week ending May 1; $12.9 million in revenue; hold of 4.4%; FanDuel led the week with $134.6 million in action and GGR of $9.4 million (79% of the statewide revenue); DraftKings was second with $64.6 million in handle and GGR of $1.4 million and Caesars took $44 million in bets and revenue of $1.4 million; remaining five operators split the remainder, roughly $700,000 in GGR, among them; DraftKings cleared $1.5B handle and $100M revenue
New York – since launch, mobile sports betting in New York passed $6.27 billion, passing that milestone in less than five months, and generated $216.8 million in taxes paid to the state; FanDuel Sportsbook has accepted the most bets, collecting $2.38 billion in wagers, and paid $88.9 million in taxes; DraftKings Sportsbook has accepted $1.51 billion in sports bets, and paid $51.6 million in taxes; Caesars Sportsbook also is in the club. The Nevada-based company has accepted $1.44 billion in wagers and has paid $57.1 million in taxes
Iowa – April total handle of $177,370,317, down 24% from March’s $233.5 million and up 50% from April ‘21’s $118.4 million; online handle of $161,420,797.49 (91% of total handle); revenue of $12,398,243, down 14% lower compared to March and up 61% from $7.7 million in April ‘21; online revenue of $11,565,472.40; hold of 7.0% and taxes of $838,174; FanDuel led the state with just over $4 million in revenue; DraftKings led in handle with $44 million ($3.35 million revenue), followed by Caesars with $39.2 million in online wagering, then Fanduel with about $38.4 million and BetMGM with $21 million in handle; eight Iowa sportsbooks accepted at least $1 million in bets – above four and Barstool ($5.6 million), BetRivers ($3.8 million), PointsBet ($3.2 million) and Elite Sportsbook ($1.8 million); 2022 YTD – Handle of $930,144,793, Revenue of $49,657,946, hold of 5.34% and taxes of $3,369,230; All-time – Handle of $3,759,058,538, Revenue of $224,452,181, hold of 5.97% and taxes of $16,245,243
Louisiana – Ronnie Johns of LA Gaming Control Board tells Southern Gaming Summit over 24,000 sports betting transactions placed (on phones) by approximately 6,000 bettors inside the Superdome during NCAA Men’s Final Four 2022
National – American Gaming Association – State of the States 2022 Report; Nationwide commercial gaming revenue totaled $14.31 billion, setting a new Q1 record and nearly matching the all-time quarterly record set in the fourth quarter of 2021 at $14.35 billion; Total commercial gaming revenue for the first quarter of 2022 increased nearly 29% from 2021, with 32 of 32 commercial gaming jurisdictions surpassing Q1 revenue from last year. Arkansas ($147.4 million), Florida ($182 million) and New York ($996.6 million) each set new quarterly records; Sports betting and iGaming both set all-time quarterly records with sports betting’s gross gaming revenue at $1.58 billion and iGaming at $1.21 billion
Kentucky Derby – record $273.8 million was bet on the Derby Day program, an increase of 17% from 2021; all-sources handle on Saturday’s Kentucky Derby also set a record handle was $168.8 million (including all multi-race bets that ended in the race, up 9.9 percent compared to handle on the race last year and up 5.8 percent over the record set in 2019; attendance of 147,294, down 2% vs. 2019 and down 14% from the record in 2015 (170,513); TwinSpires Derby day handle was up 8% YoY to $67.4 million and for the Derby race it was $44 million, also up 8% YoY
Kentucky Oaks – Wagering from all-sources on the full Kentucky Oaks day race card totaled $74.6 million, up 37% compared to 2021 and up 24% compared to the previous record in 2019; all-sources wagering on the Kentucky Oaks race was $24.3 million up 40% compared to 2021 and up 25% from the previous record in 2019; 100,188 in attendance
Canada – according to Penn National Earnings call, 79% of Ontario bettors use theScore media app; 50% of Ontario sports bettors have also used iCasino; 84% of bettors have wagered on an Ontario team with 51% on Blue Jays and sports betting lounge to open at Blue Jays’ Rogers Centre
New Jersey – BetMakers launched horseracing bets with fixed odds in the state on May 7; Monmouth Park visitors get free access to a brand new self-service terminal that is part of Global Tote’s fresh BetLine series which features touchscreens with wide displays and a dedicated user interface that accepts tote bets; launch of the new product will also be accompanied by the release of a new web platform along with a mobile app created by Equibase together with BetMakers
Tennessee – SuperBook mobile sports betting app went live last week, the fifth state where Las Vegas-based SuperBook operates its mobile platform; app also is available for downloads in Arizona, Nevada, Colorado and New Jersey; there are now 12 online bookmakers licensed to accept bets in Tennessee; Tennessee Sports Wagering Advisory Council recently OK’d BallyBet Sportsbook and Betly Sportsbook, but these two are not yet live in the state
Arkansas – Saracen Casino Resort launched its online sports betting app; mobile app and web platform became available under the BetSaracen brand; BetSaracen is the second mobile sports betting platform to launch in Arkansas; Arkansas’ third casino, Oaklawn Racing Casino Resort in Hot Springs, is expected to launch a sports betting app in the next few weeks (currently, resort offers Oaklawn Anywhere, an app allowing bettors to wager on horse races)
Indiana – Hard Rock Sportsbook at Hard Rock Casino Northern Indiana opened last week; sportsbook is located inside the casino immediately adjacent to the Hard Rock Cafe; Hard Rock has been the only Northwest Indiana casino lacking a retail sports book since sports wagering was legalized in the state in 2019; Hard Rock is not launching a mobile sports wagering app in Indiana in tandem with its in-person sports book
Illinois – CircaSports will look to enter Illinois for sports wagering with Full House Resorts via New American Place Casino currently set to be built in Waukegan; agreement involves $5m market access payment plus revenue share with a $5m minimum guarantee per year; initial eight-year term will be followed by two one-year renewal options; Full House is in discussions for the two freed up market access licenses in Colorado and Indiana following the exit of Churchill Downs from OSB operations
Ontario – North Star Gaming has launched its OSB site northstarbets.ca in Ontario on the Kambi platform. The group is part of the Torstar Corporation, the holding group that runs the province’s largest newspaper the Toronto Star
Ontario – DraftKings (DKNG) announced plans to launch in Ontario in the second quarter of 2022 during its earnings call
Australia – Rivalry launched its sports and esports betting platform and has already accepted its first deposits in the country; company is preparing to go live in Ontario, Canada in June; launch comes on the tail of the company’s strongest results to date with Rivalry committing to scale its operations and explore new markets
UK – Sportsbet.io Bitcoin Hunt celebrating the partnership with Southampton FC has come to an end with a lucky winner announced; contest took three rounds to complete and participants were urged to discover QR codes hidden – often in plain sight – across the city of Southampton; Fans had to sort out various puzzles in the form of blockchain games and participate in various social media activations for even more bitcoin; winner was Clare Way, winning the Bitcoin Hunt and scooping up a bitcoin token worth $33,000 at current market crash levels
Socios.com – football fan token platform premiered its first global advertising campaign featuring ‘football gods’ Alessandro Del Piero and Lionel Messi; entitled “Together We Can Be More”, the campaign is focused on promoting the unrestricted benefits of Socios fan tokens to football fans worldwide, regardless of traditional boundaries; founded by former igaming entrepreneur Alexandre Dreyfus, the Socios.com platform works with football clubs and leagues to develop and launch Blockchain configured fan tokens, rewarding fans with unique prizes and experiences; beyond rewards, fan tokens will transform fans engagement with clubs and players through the use of Blockchain and further linked web 3.0 innovation
Mexico – Fox Sports Mexico announced the upcoming launch of its new sports betting program, Money Line Show; program is aimed at viewers with interest not only in sports but in sports wagering will be launched by Fox Sports Mexico on May 16 and will air Monday through Friday as the operator is looking to boost interest in sports betting in the country; hosted by Joshúa Maya, Betting Expert; new Fox Sports Mexico program will feature other experts in sports and sports betting such as Alex Blanco, Silvia Gómez, Mónica Arredondo, Mariana Velázquez de León, and Jack Ades
Maine – Regulators say betting could go live as late as 2024, which would be longer than the average state so far; After the law takes effect in the summer, the state will hire two new employees to oversee the sports betting industry and Applications and rules will need to be drafted after that, with even the issuing of temporary licenses contingent on that process; Public hearings and written comments are required and could take from eight months to a year and half to complete; go-live date would come sometime after that (On average, states have taken 156 days from legalization to launch in-person betting and 237 days for mobile betting)
Kansas – online sports betting legalization bill was formally presented to Governor Laura Kelly last Friday; sports betting will become legal in Kansas assuming bill signed into law; regulated sportsbooks expected to launch as early as this fall; Kansas became the 35th state to legalize sports betting as Gov. Kelly signed the bill
Minnesota – Minnesota House passes online sports betting bill HF 778 by a vote of 69-57 with multiple amendments approved designed to combat problem gambling; Senate bill was introduced earlier in session but has not seen any committee action; session ends May 23
Kentucky – One betting bill that passed will mean a little more money back for winning horse racing tickets; currently, betters get their winnings rounded to the 20 cent; new law makes payouts more exact and pays out winnings to the penny; new return could be actualized as early as this August; bill also levels how bets are taxed regardless if you place a bet on your phone or in person, setting the tax at 1.5 percent for all types
Wisconsin – Three Wisconsin tribes have negotiated new gaming compacts that allow them to open retail sportsbooks at their casinos that could open the door to mobile wagering in the future
California – the three tribes backing a mobile wagering proposal said they would turn their efforts toward killing a commercial initiative rather than try for the 2022 ballot, according to report from SportsHandle; tribal mobile proposal is the second of two this year that were in the signature-gathering phase for the 2022 ballot before pulling back; group of California card rooms had its own proposal that would have allowed for retail and statewide mobile wagering involving card rooms, horse tracks, professional sports venues, and tribal casinos, but it failed to qualify; card rooms and numerous other groups around California, ranging from the NAACP to Asian Americans for Good Government to unions and faith-based groups, are all making efforts to stop the commercial proposal; card rooms have also filed lawsuits in two California courts in an attempt to get the tribes’ retail-only initiative disqualified
Ohio – State Senator Kirk Schuring thinks all facets of sports gaming in the state could be ready to roll by mid or late Fall in interview with News Talk 1480 WHBC
Ohio – first application window (for all Ohio-based license holders, first mobile partners and suppliers) opens from June 15 through July 15; second window (for those that wish to host lottery kiosks with sports betting options and mobile operators designated as the second skin) will open as the first closes on July 15 and run through August 15
Missouri – standalone sports betting bill was brought to the floor by Sen. Denny Hoskins (R-21) well after midnight last Friday and legislation did not include video lottery terminals (VLTs); bill was discussed for a little over an hour without a vote before Hoskins ultimately withdrew the legislation
South Carolina – bill to legalize mobile sports betting was introduced in the state House on April 21, was sent to the Judiciary Committee on that date and has been stuck there since; legislative session set to end Thursday May 12th
North Carolina – Senate Bill 688 passed in North Carolina’s House last August after 26 members voted in favor and 19 voted against; bill would allow betting on collegiate and professional sports, and amateur sports, as well as allowing online betting; SB 688 will result in the expansion of N.C. Education Lottery Commission’s activities as the regulator will oversee sports betting and 10 to 12 operators will be licensed and will have the green light to accept bets; Governor Ray Cooper expressed his support for SB 688 and stated that should the bill come to his desk, he will sign it without any hesitation; House General Assembly of the state will convene on May 18 for its legislative session
Florida – Governor Ron DeSantis announced the appointment of John MacIver and John D’Aquila and the reappointment of Julie Imanuel Brown, Michael Yaworsky and Charles Drago to the Florida Gaming Control Commission
Belgium – bill to end gambling advertising was introduced this weekend in a draft Royal Decree; new rules will likely come into power by the end of the year; rules will bar gambling companies from advertising their offerings on any form of media, sending promotional messages and putting posters on the streets; sports teams will no longer be able to co-advertise their gambling partners and franchises will only be allowed to brandish an operator’s brand on their shirts and in their stadiums, although there will be a limit to the square meters posters can occupy
BetMGM – announced that the company now is the exclusive Sports Betting Partner of the Houston Astros, marking BetMGM’s first relationship in Texas; BetMGM signage will be prominently featured at Minute Maid Park, including a permanent outfield wall sign and rotational promotional messaging behind home plate; Astros fans will have the opportunity to participate in a variety of VIP experiences exclusive to BetMGM customers which include throwing out the first pitch, on-field access to batting practice, and VIP getaways for away games, among others; BetMGM and the Astros also will team up to offer special betting promotions for BetMGM customers in Louisiana
NASCAR – announced partnership with fan engagement platform PickUp to accelerate its motorsports content gamification strategy; PickUp will utilize its proprietary content creation platform to embed contextually relevant props across NASCAR’s content including editorial, video, audio and onsite activations; parties plan to create custom content that will run across its platforms, design and execute SMS strategies and distribute marketing offers approved by NASCAR such as VIP passes to races; PickUp has been integrated into content during several NASCAR race weekends resulting in over 100,000 picks by fans and the platform is designed to build a community of highly-engaged fans who can be re-targeted via SMS with hyper-relevant offers and content based on their location
MaximBet – announced a new strategic partnership with automation platform Flows; partnership with Flows will allow the gaming brand to retain full control over its product roadmap; under the agreement with Flows, MaximBet will be able to integrate the platform with any app or source data quickly, coordinate between multiple systems, and automate workflows in real time while retaining full control over its product roadmap
CQ Holding Company, Inc. – announced that it has completed its acquisition of the operations of Belle of Baton Rouge Casino Hotel from Caesars Entertainment, Inc.; property joins CQ Holding Company, Inc.’s expanding gaming portfolio that includes DraftKings at Casino Queen in East St. Louis; Casino Queen Marquette in Marquette, Iowa; and Hollywood Casino – Baton Rouge in Baton Rouge, Louisiana
XLMedia (XLM) – announced it has entered into a media partnership with Advance Local to be the exclusive provider of sports betting content for cleveland.com (average of 9.9 million unique users every month); Cleveland.com represents XLMedia’s largest media partner to date, offering key U.S. and regional coverage by capitalizing on the brand’s massive Ohio-based audience
IMG Arena – announced a multi-year deal with the National Basketball League of Canada (NBL), becoming the official data supplier for the league; IMG Arena will distribute the data across a network of 460 sportsbooks; IMG Arena Alliance’s network already features more than 460 sportsbooks and feeds from over 80 sporting leagues and organizations across the world, all delivered by the firm’s advanced technological solutions; IMG Arena is also licensed to live stream sports and offer the accompanying data; partnership will begin as early as the 2022 season
Stats Perform – announced a new partnership agreement with Atmosphere, the worldwide leader in streaming TV entertainment for businesses, to bring Stats Perform sports data to the platform’s Atmosphere Sports channel
Paysafe – announced a new global partnership with Playtech; new agreement represents the extension of an existing partnership between the two companies into the UK and Europe from the US, where Playtech offers Paysafe’s payment solutions to iGaming operator customers through its technology platform; operators in the UK and Europe will now also be able to leverage Playtech’s iGaming PAM, Information Management Solution (IMS) platform to access a range of Paysafe’s payment solutions, starting with payment acquiring and card processing, with Paysafe’s digital wallet services set to follow
Genius Sports – announced a partnership with SL Benfica, covering live tracking data, analytics and enhanced broadcasting; deal will see Genius’ Second Spectrum subsidiary provide tracking technology, machine learning and AI capabilities to provide ‘statistical insight’ into the team; Genius will also conduct a broadcast role for Benfica to bolster fan engagement across a selection of games per season
Better Collective – favorite to acquire Spotlight Sports Group, the publisher of the Racing Post, for £500 million, according to the Sunday Times; Spotlight also owns sports-betting affiliate sites My Racing, Free Super Tips and the US-focused Pickswise; more than two-thirds of Spotlight’s turnover is now from digital rather than print; company changed its name from the Racing Post Group to Spotlight Sports Group in 2020
Hard Rock International (HRI) – announced a new multi-year partnership with Oracle Red Bull Racing; HRI becomes an Official Team and Viewing Partner for the F1 team; parties will create unique experiences for racing fans around the world who will be able to enjoy races at HRI’s casinos, hotels, retail outlets and integrated resorts across the 23-race calendar; Hard Rock’s branding will be visible on the race suits of the Oracle Red Bull Racing drivers and the company’s logo will be featured on the team’s RB18 car
888sport – announced that it has agreed a new sponsorship agreement with the National Football League (NFL) to continue as its official sports betting partner in the UK & Ireland until 2025; 888sport logo will be visible on the exterior of the Tottenham Hotspur Stadium and Wembley Stadium and throughout the fan zones, as well as on LED advertising boards during the games itself, for the London NFL games; also will be a strong brand presence on all TV matches and highlight shows; 888sport will become the exclusive presenter brand of the NFL’s apps and Fantasy products including Pick’em, the Super Bowl Challenge and Draft Predictor; 888sport will also broadcast unique and engaging video content, filmed in partnership with the NFL and will offer fans exclusive prizes, including official merchandise and tickets to upcoming Super Bowl events
Kindred – announced that it had extended its partnership with Women in Racing on the Racing Home' programme, to educate and empower all stakeholders within the racing industry about motherhood and parenthood;Racing Home’ now launches an online educational portal, as well as a rehabilitation programme and a podcast series to further support working parents
LynxBet – announced deal naming Brazilian MMA fighter Paulo Costa as its brand ambassador in the Brazilian region; pair will work on a number of casino and sportsbook brand activations across social media
Gaming Innovation Group Inc – announced new 5 year partnership with Full Games SA for Angola; contract between the two parties is expected to be live in Q3 of 2022; deal marks the first time where the offerings from GiG and Sportnco Gaming are featured together; Full Games SA is a joint venture between GRUPO CHAMAVO and GRUPO VALISA and has secured one of just 4 online sports betting licenses granted by Instituto de Supervisão de Jogos, the local regulator in the country
Interwetten – sports betting provider announced they signed a deal with Liverpool FC; Vienna-based provider will be able to provide Liverpool soccer fans with unique entertainment and brand experiences
BETER – announced a set of new measures for tournament organizers aimed at raising the level of transparency of the events; policies developed in line with the International Olympic Committee and the sports federations governing the Setka Cup and EsportsBattle, as well as with a common policy applicable to any other tournament organizer; new measures address four areas where the integrity of tournaments and events can be improved: detection of suspicious behavior, awareness-building campaigns, intelligence-led investigation, and compliance with local sports integrity laws; an integrity operation center will function as an outlet for consistent exchange of information on unfair play issues with its partners, while an in-house team operating round the clock will leverage the company’s technology to provide a holistic analysis of suspicious events in-play as a fraud detection service
Super Group – announced the appointment of two new members to its Board of Directors, Natara Holloway and Jonathan Jossel; Holloway joins the company after a tenure at Sports Entertainment Acquisition Corp and Jossel worked as the CEO of the Plaza Hotel and Casino in downtown Las Vegas for almost a decade
Parleh Media Group – announced the appointment of James Sharman as head of soccer content for the affiliate company; Sharman will be heading a number of content and media activities pegged to the soccer coverage for the company, including the Soccer Sports Betting Show, a new project by the media
Fanatics – announced the appointment of Lydia Jett and Jonathan Mildenhall to its board of directors. Jett, Managing Partner and Head of Global eCommerce and US Consumer Internet Sector Investments at SoftBank Investment Advisers (SBIA), and Mildenhall, co-founder and Executive Chairman of TwentyFirstCenturyBrand and former CMO of Airbnb, bring decades of experience advising and building some of the world’s most influential tech companies and consumer brands
U.S. Integrity – announced that former Bloomberg engineer Ricky Wong has joined the company’s executive team as Chief Technology Officer (CTO); Wong most recently served as an Engineering Team Leader at Bloomberg LP, helping to innovate the next generation of analytical interfaces and distributed engines
Underdog Sports – Stacie Stern, Chair of the Fantasy Sports and Gaming Association, has joined Underdog Sports as the Vice President of Government Affairs and Partnerships; Stacie brings over 20 years of industry experience, most recently at FanDuel, to Underdog Sports where she will be a key executive in growing Underdog’s soon to be released sports betting product
Game Play Network, Inc. (GPN) – announced that it has appointed Ian Smith as the company’s Chief Technology Officer (CTO); Smith will drive product expansion, technological innovation and platform scalability to support GPN’s integration of its patented reveal technology within its B2B customer network; he joins GPN from such renowned global gaming companies as Rank Interactive, Flutter Entertainment and William Hill, where he served as CTO, Director of Technology Strategy and Global Director, respectively
888AFRICA – announced the appointment of Ryan Newton as its vice president of the VIP segment; Newton’s role is to reinforce 888AFRICA’s efforts in cultivating a high value-added customer base in some of the fastest developing markets in the region
FanDuel – Wells Fargo observed that FanDuel is now steadily building market share over time via its superior product while becoming more promotional once the initial marketing blitz of competitors has subsided; in Arizona, Wells Fargo points out FanDuel gradually increased its share from ~21% in September to ~25-27% in recent months; in New York, FanDuel has gradually increased its share from 31% in January to 43.1% in April; in Ontario, meanwhile, app DAUs have also gradually increased to 40k; in Virginia FanDuel went from an initial 53% share in Q121 to 36% in Q421 while in Michigan a similar tale of the tape applies with FanDuel falling back from ~30% in H121 to the mid-20% level in H221
Bally’s – earnings call; Bally’s will be “cautious” about launching its Bally Bet online sportsbook in New York without giving a specific launch date; Ontario online sports betting / iGaming launch projected this summer
DraftKings – Truist noted that DraftKings was now “highly profitable” in New Jersey and that 10 more states would turn profitable in 2022
IGT – earnings; Consolidated revenue of $1.1 billion, up 4% as reported and 7% at constant currency, from $1.0 billion in the prior year; Digital & Betting revenue up 24% to $47 million, as double-digit growth across activities continues; year-over-year increase driven by market expansion, organic growth, and timing of jackpots; Returned a record $80 million to shareholders via cash dividend and share repurchases for second consecutive quarter
EBET, Inc. (EBET) – Second quarter earnings; announced revenue for the quarter ended March 31, 2022 of approximately $19 million, up more than 166% quarter over quarter, and a gross profit of approximately $7 million; EBET ended the quarter with a cash position of $7.1 million; revenue increase is due to the acquisition of the brands Karamba, Hopa, Griffon Casino, BetTarget, Dansk777 and Generation VIP on November 30, 2021; acquisition included 1.25 million deposited customers
Fox Corp. – Q1 earnings call; CEO Lachlan Murdoch said the group was in arbitration with FanDuel parent Flutter over the value of Fox’s 18.6% stake in FoxBet; Murdoch pointed out that the SuperSix free-to-play game had millions of registered players and had performed incredibly well, “especially in the current quieter period” when there is no NFL
Inspired – Q1 2022; First Quarter Revenue increased 166% to $60.6 million from $22.8 million in prior year; Virtual Sports Revenue increased 84% year-over-year for a record quarter (revenue of $11.6 million, as retail customers returned for the whole period and Online Virtual Sports delivered a 54% increase); First Quarter Net Income increased to $1.5 million from a Net Loss of $16.7 million in prior year; Significant online market expansion with Interactive launching in Connecticut (first quarter) and both Interactive and Virtual Sports launching in Ontario (second quarter); Secured 720-Unit Valor™ terminal order in Canada; Interactive content was launched with eight new operator brands during first quarter 2022, including Superbet in Romania, DraftKings in Connecticut, Goldbet in Italy and Rush Street in Michigan; Virtual Sports – During first quarter 2022, Inspired signed a contract with Scientific Games for content to be licensed to the Netherlands Lottery, as well as new contracts with Goldbet in Italy, Playport in Minnesota, Kansas and Wisconsin and Leisure Sports in Sri Lanka. Contract term extensions were signed with Sisal in Italy, Niké, spol. S r.o in Slovakia and a license for new territories with Kaizen Gaming. Entain signed an extension to add multiple new channels of Virtual Sports, including Women’s Soccer, to Ladbrokes and Coral brands; Online Virtual Plug & Play™ (“VPP”) Launches – During first quarter 2022, Inspired launched VPP with Napoleon in Belgium and Mozzartbet in Serbia; Sisal launched Multi-Stream Matchday™ in Italy, which is a new product that allows eight simultaneous soccer games to be streamed at the same time; Fortuna expanded their self-service betting terminals (SSBT) into Croatia with an initial 200 units in January 2022 and another 1,000 to follow in the year
Wynn Resorts – Q1 2022; Revenues of $953.3 million were up 29.4% while adj. EBITDA more than tripled to $177.6 million; Wynn Las Vegas up 147% to $441.2 million while Encore Boston up 46.7% to $190.8 million; Wynn Macau ($135.1 million) and Wynn Palace ($163.3 million) down 24.8% and 31.2% respectively; Interactive losses pared back to $31.5 million from $43.5 million YoY; Wynn said its interactive division generated 23% better net gaming revenue despite the “materially lower” marketing spend; CEO Craig Billings said Wynn’s would benefit from a “significant catalyst” should sports betting bill pass
BetMGM – business update presentation; BetMGM has the No. 1 position with 25% GGR share in US online/retail sports betting & iGaming in operating markets, has 29% US iGaming GGR market share, Sees total addressable market in US and Canada is now expected to be approximately $37 billion
Raketech – Q1 2022; revenue was up 53% to €12.7 million, EBITDA was up 58.6% to €5 million, operating profit was up 105% to €32 million. US revenues increased 380% to €2.4 million, sports revenues made up 34% of group revenues vs. 17% in 2021; company said Q2 revenues would slow down due to a quieter sporting calendar affecting its ATS subscription service
International tennis Integrity Agency – named six Spanish tennis players who have been found guilty of match-fixing and handed severe penalties; investigation took ITIA five years to establish all the facts and required collaboration from the International Betting Integrity Association; Jorge Marse Vidri, Jaime Ortega, Pedro Bernabe Franco, Marcos Torralbo, Marc Fornell Mestres and Carlos Ortega, have all received two-year suspended sentences and will pay $475 fines; ITIA has also issued additional fines independent of the joint investigation with IBIA and Spanish law enforcement and has slapped Mestres with a $262,000 fine, Vidri with a $15,760 fine and the remaining four players have received cumulative fines of $472,000; much of these amounts have been suspended
International Tennis Integrity Agency (ITIA) – also issued a lifetime ban to Portuguese chair umpire Daniel Zeferino; Zeferino is said to have manipulated scores in order to stilt results and realize sports betting gains, according to the ITIA, he is said to have input the wrong information into his device during the ITF M15 event back in 2020; Zeferino did not deny the charges and admitted guilt in the matter, accepting ITIA’s punishment without contesting the charges; Zeferino will not be allowed to officiate any tennis events and won’t be allowed to attend official events
Each week sports and gaming attorneys Dave and Doug Weischadle discuss the news and notes from the sportsbooks around the country. This week – Illinois just misses $1 Billion in handle, legislative updates and sports betting deals
LAS VEGAS and INDIANAPOLIS, May 14, 2022 /PRNewswire/ –Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) and Indianapolis Motor Speedway (“IMS”) today announced a partnership to make Caesars Sportsbook an Official Sports Betting Partner of the Indy 500 and IMS. The collaboration also makes Caesars Sportsbook a sponsor for the remaining IMS races on the 2022 calendar, starting with the GMR Grand Prix on May 14, and includes the opening of the very first exclusive betting lounge at the Racing Capital of the World.
The Caesars Sportsbook Lounge at Pagoda Plaza will greet spectators on practice and race days during the month of May providing Caesars Sportsbook app users with an elevated viewing experience, complimentary food and drink, live entertainment, and racing games to go along with branded giveaways throughout the course of every race. Additionally, Caesars Sportsbook receives access to IMS logos and marks, digital and social media assets, as well as a variety of exclusive VIP speedway experiences for its users at IMS available through the industry-leading loyalty program, Caesars Rewards.
“The Indianapolis Motor Speedway and the Indy 500 are iconic American sports traditions,” said Eric Hession, Co-President of Caesars Digital. “Partnering with one of racing’s most iconic venues and ‘The Greatest Spectacle in Racing’ provides our customers with unique experiences through Caesars Rewards. This will be an impactful partnership for us that builds upon our commitment to the state of Indiana alongside the investments into our resorts and the communities they serve.”
[iframe style=”border:none” src=”//html5-player.libsyn.com/embed/episode/id/23035892/height/100/width//thumbnail/no/render-playlist/no/theme/custom/tdest_id/1830851/custom-color/87A93A” height=”100″ width=”100%” scrolling=”no” allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen] This week’s topics: NCAA Data Ruling; Crypto eSports Deals; DraftKings + Metabilia; JockeyCam; No Run First Inning Betting Results; Beatin’ The House; Book Report®.
Brought to you by Drizly! Save $5 on your first order of $20 or more with Drizly when you use our promo code DRINK19 at checkout at http://www.drizly.com
See you on the Turnpike!
Turnpike Sports®, BetFlash® and Book Report® are registered trademarks of D2 Holdings LLC and its exclusive licensee Granary Way Media LLC and its principals.
Today’s show featured a segment on betting the Over/Under 0.5 Run in the First Inning type of bet. There had been a great deal of conversation on this type of bet as well as a lot of people writing about it. In fact, the show previously had an author on and in the interview, he mentioned it as one of his favorite types of bets to make (Logan Fields, 20/20 Sports Betting: Think Like a Pro). Honestly, I didn’t think much of it until this year, when everyone seemed to be talking about it.
I decided to conduct an experiment on the bet to see how often the bet came out in favor of the Over during one full week (7 days) of Major League Baseball. I picked the week of April 10th through April 17th and bet the Over in every game’s first inning O/U 0.5 run type bet.
I picked one sportsbook, PointsBet, and bet the games at approximately the same time each day, around 11 am ET. I did no research on the pitching matchup, the batting lineup, past performances, etc. No research. I went down the betting menu of PointsBet for each day’s lineup of games and just made the bet on the Over 0.5 runs in the first inning. A couple of the days had one game that didn’t offer that type of bet so I didn’t bet the game (obviously). It only happened once or twice during the week, probably due to the time of day I made the bets. I bet $1 on each of the games.
As you can see by the table below, I won the bet about 53% of the time, averaged out over the full week and made a few bucks. Some days the bet cashed at 60% or better and only one day did it win lower than 40% of the bets placed that day.
A few things I noticed, the +100 bets cashed most of the time and, I think this more a function of the time of MLB calendar than anything else, the pitching matchups didn’t matter. The batting lineups did.
I’m going to do this two more times this year – a week or two before the All Star Break and a week or two before the end of the season and see what the results are at that point. This was more for my curiosity then for actual betting research. If it helps anyone out there, the only thing I would suggest is don’t do what I did here. Do your research before you bet. It worked out for me that one week. I wouldn’t attempt to do this blindly each and every week.
Good luck and I hope you enjoy our discussion on this topic on this week’s show!
Fan engagement platform PickUp has been selected by NASCAR to accelerate its motorsports content gamification strategy. According to the agreement, PickUp will utilize its proprietary content creation platform to embed contextually relevant props across NASCAR’s content including editorial, video, audio and onsite activations.
The firm will collaborate with NASCAR to create custom content that will run across its platforms, design and execute SMS strategies and distribute marketing offers approved by NASCAR such as VIP passes to races.
Dating back to February, PickUp has been integrated into content during several NASCAR race weekends resulting in over 100,000 picks by fans, with continued growth expected as NASCAR further presents PickUp’s betting-adjacent features to its highly-engaged fanbase.
The platform, said the firm, is designed to build a community of highly-engaged fans who can be re-targeted via SMS with hyper-relevant offers and content based on their location.
PickUp engages the casual fan through sports betting with a view to transforming the audience into a “community of passionate fans” who can be re-engaged via targeted two-way SMS campaigns.