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Home » Sports Betting » Page 3

Sports Betting

PointsBet Increase Player Protection with New Appointment

February 21, 2024 William Mcmaster

Online gaming operator PointsBet has made a significant effort to improve player protection by announcing the hire of Teresa Fiore as Responsible Service of Gambling and Corporate Social Responsibility Manager. The announcement came as part of a move by operators in the US to strengthen responsible gambling.

The global online sportsbook operator has experienced massive growth since it launched into the US markets of Illinois, Colorado, Indiana, Michigan, Iowa, and New Jersey. The online gaming brand quickly endeared itself to fans in the US thanks to its extensive bet markets and top drawer app. Now, the company appears to be doubling down on efforts to increase player protection within its ranks.  

Speaking after announcing the appointment, PointsBet CEO Johnny Aitken said: “We have been viewed as an industry leader for responsible gambling efforts and awareness since we launched in the US. We have the utmost respect and seriousness for the space, and we’re fortunate in being able to utilize our mature Australian market expertise to help push the industry standard here to be better.”

He added: “We are excited to now take a further step in responsible gambling by bringing a great talent in Teresa to the PointsBet team. Her experience in the US industry, understanding of the current landscape, and knowledge of best practices will be of great benefit to the company as we continue to realize the growing sports betting opportunity,” 

pointsbet

PointsBet High-profile Hire – Teresa Fiore

Teresa Fiore joins PointsBet with almost five years of experience working within the responsible gambling space, most of which came from her time working at the Massachusetts Gaming Commission. While she worked there, Fiore was in charge of GameSense, a $3M responsible gaming program that serves more than 300,000 customers annually across three of the state’s land-based casinos. 

One of the key roles she played at GameSense involved being at the helm of monthly stakeholder meetings with casino management. She was also in charge of overseeing the design and construction of GameSense Info Centers, as well as offering specific insights that drove a $200,000 multimedia ad campaign. Fiore’s other notable duties included managing a state-wide Voluntary Self-Exclusion program which offered a platform for individuals who’d made the decision to step away from casino gambling and also helped promote regulation. 

Speaking after her appointment at PointsBet, Fiore stated: “I am delighted to have joined PointsBet and I welcome the opportunity to continue to find ways to innovate within the responsible gambling sector. With the rapid emergence of legalized sports betting, attention to safe and sustainable business practices is crucial. Driving this work is a holistic view of the player, which will be used to ensure that messaging and safeguards are seamlessly integrated throughout the entire player journey.”

Before her spell at the Massachusetts Gaming Commission, Fiore spent some years working at research and consulting firm, Envirosell. There, she worked on data analysis, strategic oversight, and customer insight projects. Bringing in someone of her experience and expertise is expected to be a very beneficial move for PointsBet, one that will keep the brand firmly on its upward trajectory in the US.

Filed Under: News and Blogs Tagged With: spo, Sports Betting, Sportsbooks, US Casino News, US Casinos, US Online Gambling, USA

Nevada and New Jersey Top Online Betting Regulatory Rankings in IBIA Report

February 22, 2024 William Mcmaster

The International Betting Integrity Association combined with data business H2 Gambling Capital to release a study assessing and ranking the 20 strongest regulatory markets in the world. The report ranked the markets based on regulation, product availability, tax, marketing, and integrity, and it showed Nevada and New Jersey to be among the highest regulated markets. The two US online betting powerhouses ranked 4th and 6th, respectively, with three points separating them.

The study, a first-of-its-kind, also covered sporting integrity and match-fixing and included an overview of the global market. Speaking after the release, the chief executive of the IBIA, Khalid Ali, said, “The contents of this study can rightly be justified as unprecedented. H2 has conducted a detailed examination of product data that covered $137 billion in turnover, as well as its market data.” The study used data from almost 50% of the world’s online betting market (International Betting Integrity Association, 2021).

How the IBIA-H2 Study Was Carried Out

The world’s prominent trade associations were involved in the recent study by the IBIA and H2, including The European Gaming and Betting Association, NOGA, Jdigital, Branscheforenigen for Onlinespel, and the Betting and Gaming Council.

According to Ali, “This report provides a real, never-seen-before insight into global consumer demand, regulatory practices, and integrity risks. At IBIA, we hope that these evidence-based findings – which reveal the core facets of a successful betting regulatory framework – will help the important ongoing debate surrounding global betting and integrity.”

The study also reviewed the commercial progress made by the global betting market, predicting that by 2025, turnover will exceed $750bn while revenue will surpass the $100bn mark. In the section assessing market integrity, it was revealed that betting operators lost $25m every year to match-fixing. Another notable insight was that online betting has now surpassed land-based betting on the revenue scale, with it expected to continue to hold down that spot moving forward. 

Speaking about the key factors that drive an optimum betting market, director of H2 David Henwood said, “Our assessment of various regulatory models operating around the world has determined that the key factors that are likely to create a successful betting market are: competitive GGR tax, unlimited licensing, wide product offering, integrity protocols, and balanced advertising rules. Our betting product and integrity evaluation are based on the most detailed market data collection ever assembled, and that is what makes our findings unique and illuminating.”

Optimized-usa_law_banner.PNG (2)_Easy-Resize.com (1)

Breakdown of New Jersey and Nevada’s Assessment

The top three spots in the IBIA-H2 ranking were taken by Great Britain (91 points), Malta (88 points), and Denmark (86 points). They were closely followed by two of America’s biggest online betting markets – Nevada (85 points) and New Jersey (82 points). 

Nevada

Nevada’s regulatory framework, which existed even before the PASPA bill was repealed, gave the state an edge in the regulation rankings, even though online betting is only licensed through links with land-based operators in the state. According to the IBIA, Nevada’s GGR and overall tax percentage is enticing, granting it the joint-top spot on the tax rankings. 

The state’s restrictions on non-college amateur sports and political betting counted against its product offering score but it still ranked comfortably ahead on that front, relative to other US markets. Nevada’s regulation, which insists that advertising must be carried out with decency and should not be aimed at self-excluded players, gave the state a relatively modest advertising score.

Nevada Gaming & Control Board920x230

New Jersey  

New Jersey’s regulatory system only came to the fore after the PASPA bill was struck down in 2018, but the state still received some commendation on that front. On the tax front, the state’s online tax rate was reported as being better than average. The 14.25% rate for online betting, though higher than land-based 9.25% tax, was lauded for being competitive and remaining close to Britain’s long-standing 15%. (Tax Foundation, 2020)

New Jersey’s product score was average primarily because of the restrictions placed on in-state college sports betting. However, because operators within the state must be part of betting monitoring systems, New Jersey compensated for its product ranking with an impressive integrity ranking.

The dynamic nature of online betting regulations and popularity within these two states means that we shouldn’t expect their rankings to remain the same for too long. All eyes are now firmly trained on these North American betting stakeholders as we anticipate the next moves from their legislation and operators.

New Jersey

Sources:

  1. International Betting Integrity Association, 2021 – https://ibia.bet/an-optimum-betting-market
  2. Tax Foundation, 2020 – https://taxfoundation.org/legal-sports-betting-states/

Filed Under: News and Blogs Tagged With: Law, safety, Sports Betting, us, US Casino News, US Casinos, US Online Gambling, USA

Sports Betting in Florida – Will It Be Legalised?

February 22, 2024 William Mcmaster

Sports Betting in the United States became legalized after the U.S. Supreme Court overturned The Professional and Amateur Sports Protection Act of 1992 (PASPA) which prevented citizens from participating in sports betting. Since then, many states have opened their doors to various sports betting platforms for their residents to legally place bets. However, Florida residents haven’t had it so easy.

Florida-sports-betting

Is Sports Betting Legal in Florida?

Florida is one of the states where commercial gambling activities are dominated by the state’s Native American tribes. Hence, you’ll find that you’re only allowed to play casino games at tribal casinos. This has extended into the sports betting scene as well as the Florida Legislature has approved a huge gambling deal called a gaming compact (Tampa Bay, 2021). It has also been signed into law by the state governor, Gov. Ron DeSantis.

This gaming compact makes sport betting in the Sunshine State legal, but it will be exclusively controlled by the Seminole Tribe for 30 years. It covers both physical and online sports betting so you should be able to place bets with your mobile device or desktop from anywhere within Florida. But even then, things are not so straightforward yet (Action Network, 2021).

The compact still needs to be approved by the United States Department of Interior, which will ensure that it agrees with already established Indian gambling laws. Also, it can be legally challenged in the court by parties who would rather not have sports betting in Florida yet. Finally, in Florida, residents have a say in what can be allowed regarding casino gambling expansions so they may have to vote to make sports betting legal in the state.

If all goes well, Florida gambling enthusiasts can expect to begin to place bets on sports as early as October this year, according to the compact. If you live in Florida, you’ll be able to bet on international sports, the state’s professional teams, and even college teams as long as you’re 21 years or older. In-play betting will also be offered and although the details of mobile sports betting aren’t clear yet, the compact has made provision for it (Palm Beach Post, 2021).

Legal Gambling Activities in Florida

While you wait for sports betting to be signed into law in Florida, there are other legal gambling activities that you can engage in such as the Florida Lottery, pari-mutuel gambling, and state-approved card rooms. You can also participate in casino games but they can only be played at tribal casinos in the state. They have a decent amount of games and with the newly-signed deal, craps and roulette will now be offered as well.

If you’re bent on sports betting but are restricted by Florida’s laws, your only option would be to go to a state where it is legal and place bets while you’re physically present there. Otherwise, wait for the sports bettings deal to come through so you can bet from the comfort of your home.

Sources:

  1. Tampa Bay, 2021:
    https://www.tampabay.com/news/florida-politics/2021/05/20/florida-lawmakers-approved-legalized-sports-betting-now-what/?outputType=amp
  2. Action Network, 2021:
    https://www.actionnetwork.com/legal-online-sports-betting/florida-online-retail-sports-betting-approved-groundbreaking-gaming-deal?amp=1
  3. Palm Beach Post, 2021:
    https://www.google.com/amp/s/amp.palmbeachpost.com/amp/4971523001

Filed Under: News and Blogs Tagged With: Law, Sports Betting, Sportsbooks, US Casino News, US Casinos, US Online Gambling, USA

Online Betting in Kentucky – Will it Be the Next State to Legalise?

February 22, 2024 William Mcmaster

The state of Kentucky is home to the famous Kentucky Derby, one of the biggest horse racing events in the world. Fans of the Derby have a great time watching the horses tear through the race track and placing bets on which horse will win.

However, what many people do not know is that that’s about as far as legal gambling goes in the state. Although many US states have relaxed their gambling laws, Kentucky remains one of the few that completely prohibits betting with real money within the state’s borders.

Kentucky betting

Legal Forms of Betting in Kentucky

Gambling in the United States is generally legal but the specifics on acceptable gambling forms are defined by each state. This is why legal gambling options vary from one state to the other. Hence, if you’re a gambling enthusiast living in Kentucky, you need to know what is allowed there before engaging in any form of betting.

The Bluegrass State prohibits all forms of real money gambling, both online and offline. As a result, you won’t find any land-based casinos or sportsbooks in the state. There is also no room for online betting in Kentucky because online casino or sportsbook operators haven’t been granted legal permission to operate. Thankfully, residents of the state can still get a form of gambling experience with some legally approved activities.

One of them is parimutuel betting for horse and greyhound racing. This is one form of betting that all Kentucky residents can engage in without any fear of breaking the law as the sport has become part and parcel of the state. For instance, The Kentucky Derby has been held every year for the past century until last year when the COVID-19 pandemic interrupted the streak. Betting can be done in-person at licensed racetracks or online at licensed racing betting sites.

Kentucky also has a state lottery for its residents who are 18 years or older to participate in online or at licensed retail businesses. The closest thing to legal online sports betting in the state is online fantasy sports and for online casino lovers, some games can be played at social casinos where no real money is involved.

Kentucky’s Online Betting Future

Kentucky’s lawmakers have begun to make moves to regulate some forms of online gambling in the state. In 2020, a bipartisan bill for the legalization of sports betting and online poker was approved at the committee level but didn’t advance further. This is certainly a big deal for a state with one of the strictest restrictions on gambling in the US.

If you’re a gambling fan living in Kentucky, you can keep your fingers crossed for some good news in the coming years. In the meantime, take advantage of the legal gambling options available for you in the state for a safe and exciting experience. Good luck!

Sources:

  • The State of Online Gambling in Kentucky, Mar 16, 2021 – https://www.state-journal.com/sponsored/the-state-of-online-gambling-in-kentucky/article_a3ed64a6-867c-11eb-b35d-6385f64bc041.html
  • Kentucky Gambling Laws, FindLaw, June 20, 2016, https://statelaws.findlaw.com/kentucky-law/kentucky-gambling-laws.html
  • Despite majority support in Kentucky House, odds were against sports betting bill | Louisville Courier Journal, April 8, 2020 https://amp.courier-journal.com/amp/2970078001

Filed Under: News and Blogs Tagged With: Casinos, Law, Sports Betting, Sportsbooks, US Casino News, US Casinos, US Online Gambling, USA

Michigan Online Casino v Online Sports Betting – Which Is Performing Best?

February 22, 2024 William Mcmaster

Michigan now has a clean slate when it comes to online gaming and sports betting, thanks to the state’s recent introduction of internet gaming. Michigan hopes to measure up against the competition, even though a few other states have been in the business for a long time. Michigan is tasked to live up to the players’ expectations and to bring Michigan’s online gambling market to a level that equates to that in other US states.

Thanks to a decline of the sports calendar in April, Michigan was among the first US states to see the first month-over-month drop-in sports betting revenue since introducing online sports betting earlier this year. Michigan is now a haven for online casinos.

The region’s online casinos and poker rooms did well in April, taking in $94.9 million, a slight decrease from March’s $95.1 million. For March, revenue per day rose to $3.16 million per day, up from $3.07 million a day in February (Michigan Gaming Control Board, 2021).

michigan gambling new

Michigan Sports Betting Lags Behind Casino

Michigan sportsbooks admitted $249.9 million in online handle in April, down 30.5 percent from $359.5 million in March, owing to a heavy reliance on regular-season baseball and NBA games to produce a play. 

Michigan’s online and offline sportsbooks raised $274.2 million in bets, 91.1 percent of which were placed online when combined with the state’s $24.2 million retail handles, which were released last week. The total handle was down 28.5 percent from March’s $383.7 million in bets (Mitech News, 2021). 

Michigan will remain in fifth place in the United States, behind New Jersey, Nevada, Pennsylvania, and Illinois, based on the overall handle. However, from the start of online sports betting on January 21 to April 30, Michigan was the first state to cross $1 billion in online wagers, with $1.03 billion (Jordyn Grzelewski , 2021). 

Michigan’s sales in April should keep it close to Pennsylvania and New Jersey, the country’s two largest iGaming markets, but none of those states has yet posted April results. The most significant distinction is the maturity level of the states. 

The Michigan Gaming Control Board established regulations that enable players to open online gaming accounts without visiting a land-based casino. This ease of access to Michigan’s iGaming services is critical in the state’s huge industry. This is why Michigan is ahead of states such as Illinois, which require a visit to a casino in person. 

michigan

Michigan Casino & Sports Betting FAQ

What age do you have to be to gamble in Michigan?

To lawfully bet in Michigan, you must be at least 21 years old.

Should I join a Michigan casino’s loyalty program?

Yes, especially since loyalty programs are free to join. They were created to give you the best experience.

References

  1. Jordyn Grzelewski (2021). Michigan’s internet betting revenue takes off. https://www.detroitnews.com/story/business/2021/04/20/online-bettors-wager-hundreds-millions-michigan-march-madness/7300125002/ 
  2. Michigan Gaming Control Board (2021). Revenues and Wagering Tax Information. https://www.michigan.gov/mgcb/0,4620,7-351-79127_82898-244408–,00.html 
  3. Mitech News (2021). Michigan Online Gaming Revenue Gains Momentum. https://mitechnews.com/internet-technologies/michigan-online-gaming-revenue-gains-momentum/

Filed Under: News and Blogs Tagged With: Casinos, Michigan, Online Casino, Sports Betting, Sportsbooks, US Casino News, US Casinos, US Online Gambling, USA

The Future of Gambling in Arizona – Will They Legalise Online Gambling?

February 22, 2024 William Mcmaster

Given its proximity to Nevada, the world’s hub of gambling, one would expect that Arizona would embrace gambling full-on but that’s not exactly the case.

Residents of the Valley of the Sun state are very much interested in gambling, as is seen in the state’s lottery system which is the most popular in the United States of America. Nevertheless, the state is gambling-friendly to a large extent with some legal gambling activities that keep players engaged and generate revenue for the state.

Some of the legal forms of gambling in Arizona are casino gaming, lotteries, and dog and horse racing. Most of the land-based casinos in the state are tribal casinos. Internet gambling is also popular in other US states and legal in some but, there are no strict laws addressing this in Arizona.

arizona

Change in Arizona

Thankfully, this year saw the most significant improvement in Arizona’s online gambling space in almost two decades. Governor Doug Ducey, the current state governor, signed agreements with the native tribes, legalizing sports betting, daily fantasy sports, keno, and mobile sports. This agreement also lets existing tribal casinos in the state expand their game offerings by including more table games and permits the creation of new ones in metropolitan Phoenix.

Based on the agreement, the sports betting licenses will only be issued to tribal gambling operators and Arizona-based sports teams. Betting on college teams will be permitted but no prop bets will. The Keno games will also be hosted on horse race tracks and in their fraternal organizations only.

arizona

What can we hope for?

The last compact update before this was seen in 2003 and the negotiations that birthed these new adjustments lasted for five years. More progress is expected to be made in the state such as the introduction of licensed online poker rooms and online casino sites. This may take a while but this recent development has created hope that Arizona gamblers can hold on to.

The future of gambling everywhere in the world is online and Arizona is not left out here. There aren’t many indications to show that this is something that could happen anytime soon but it is inevitable. The internet has made gambling more accessible and online gambling itself has become a massive global market. The total revenue generated by the global online gambling space alone in 2019 was USD 53.7 billion. As a result, more governments are becoming more open to exploring this aspect of gambling.

Keep your eyes open…

If you’re an Arizona resident, this is certainly something to look forward to with more options to choose from and more opportunities to win, right from the comfort of your home. While you wait, explore as many legal options as you want, maximizing available chances to cash out in the state. The future just may be closer than you think!

Filed Under: News and Blogs Tagged With: Sports Betting, Sportsbooks, US Casino News, US Casinos, US Online Gambling, USA

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