Category Archives: Sportsbook

2447 18th Street, NW

From a press release:

Grand Central LLC has been granted the first ever Class B Operator licenses by the District of Columbias Office of Lottery and Gaming (OLG) to operate a sportsbook within the Grand Central Restaurant and Bar. The Class B license allows for the operation of a full-service, independent sportsbook with no restrictions on maximum bets and all winnings can be redeemed on-site. Elys Game Technology, Corp. (a Nasdaq company) was granted a Class B Managed Service Provider license by OLG and will be the operator of the sportsbook and will also provide the betting kiosks and POS terminals.

The business must meet a significant checklist of security measures, as well as provide proper personnel training and complete the hardware installation before Grand Central can start accepting bets. Food and beverage service hours are 11:00 am to 2:00 am Sunday through Thursday and 11:00 am to 3:00 am Friday and Saturday. The Grand Central sportsbook will open by October 2021 and will open seven days a week, from 10:00 am to 1:00 am.

We have been a part of the vibrant Adams Morgan neighborhood since Grand Central opened in 2007, states owner Brian Vasile. We are looking forward to offering our customers an extraordinary experience to bet on their favorite teams while enjoying lunch, dinner or team events and special games or even just dropping in to place a bet. We are hoping to be a part of the positive economic growth of this rooted residential and commercial neighborhood, as well as the greater D.C. area.

Sports betting will be operational on-site with odds provided by Elys Game Technology Corp. Estimated delivery of the on-premise sportsbook mobile app that can only be used within the restaurant location is 2022. Elys will provide the kiosks as well as the digital sports betting system. Elys is a B2B global gaming technology company operating in multiple countries worldwide.

The Sports Wagering Lottery Amendment Act of 2018 legalized Sports Betting in the District and it became law on May 3, 2019. OLG regulates privately-operated sports wagering throughout the District, licensing and monitoring these operations and their gaming-related suppliers for compliance with applicable District and federal laws. The District collects a 10 percent tax on operators monthly gross gaming revenue.

Grand Central (www.grandcentraldc.com), an independently owned and operated bar and restaurant, located at 2447 18th Street, NW, Washington, D.C., is known for its pub fare and televised sports viewing.

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Grand Central in Adams Morgan approved "for the operation of a full-service, independent sportsbook with no restrictions on maximum bets and all...

CHICAGO--(BUSINESS WIRE)--Fubo Gaming, a subsidiary of leading sports-first live TV streaming platform fuboTV Inc. (NYSE: FUBO), today announced that it has received approval from the Iowa Racing and Gaming Commission (IRGC) to offer advance deposit online sports wagering within the state of Iowa through a market access agreement with Casino Queen. It marks an important next step in launching its mobile sportsbook, Fubo Sportsbook, which remains on track to go live in the fourth quarter 2021.

Once launched, sports bettors in the Hawkeye state will enjoy a new, innovative mobile sportsbook that will enhance their wagering experience through the Watching Now feature, an industry-first integration of sports wagering and live streaming with fuboTV.

Designed as a holistic, hyper-personalized betting experience reflecting what users are watching on fuboTV, Fubo Sportsbook intends to combine data from both the betting and streaming platforms. Leveraging fuboTVs first-party user behavior data to understand consumers viewing preferences and recommend relevant bets, the company intends to turn passive viewers into active, engaged participants.

Scott Butera, president, Fubo Gaming, said, As we enter the mobile sports betting market, we couldnt be more excited to kick off this journey in Iowa. We thank the IRGC and Casino Queen for being the perfect partner in helping us cross the goal line and bring this sportsbook to the passionate sports fans of Iowa.

He added: We believe Fubo Sportsbook will provide an elevated sports entertainment experience that will bring increased interaction and engagement between sports viewing and betting. We are working with regulators in additional markets as we aim to truly innovate the gaming space.

Fubo Gaming also has obtained market access agreements in four other states, including Arizona through a partnership with the Ak-Chin Indian Community, Pennsylvania via The Cordish Companies as well as in Indiana and New Jersey via Caesars Entertainment Inc.

About Fubo Gaming

Fubo Gaming Inc., is a Chicago-based subsidiary of live TV streaming platform fuboTV Inc. (NYSE: FUBO) that is dedicated to delivering a unique, hyper-personalized sports entertainment and wagering experience. Launched in 2021, Fubo Gaming brings together fuboTVs leading sports-first live TV streaming platform with the soon-to-be-launched Fubo Sportsbook to create an omni-screen ecosystem in which wagering information automatically syncs with users interests and real-time viewing. Fubo Sportsbook is expected to launch in Q4 2021, subject to obtaining requisite regulatory approvals. It currently has market access agreements for Arizona via Ak-Chin Indian Community, Pennsylvania via The Cordish Companies, Iowa via Casino Queen, as well as Indiana and New Jersey via Caesars Entertainment Inc. For more information, visit fubosportsbook.com.

About fuboTV

With a mission to provide the worlds most thrilling sports-first live TV experience through the greatest breadth of premium content, interactivity and integrated wagering, fuboTV Inc. (NYSE: FUBO) is focused on bringing to life its vision of a streaming platform that transcends the industrys current virtual MVPD model. fuboTV Inc. operates in the U.S., Canada and Spain.

Leveraging its proprietary data and technology platform optimized for live TV and sports viewership, fuboTV Inc. aims to turn passive viewers into active participants and define a new category of interactive television. Through its cable TV replacement product, fuboTV, subscribers can stream a broad mix of 100+ live TV channels, including 74 of the top 100 Nielsen-ranked networks across sports, news and entertainment more than any other live TV streaming platform (source: Nielsen Total Viewers, 2020). Subscribers can interact with fuboTVs live streaming experience through predictive free-to-play games, which are integrated into select sports content.

Fubo Gaming Inc., a subsidiary of fuboTV Inc., expects to launch Fubo Sportsbook, a comprehensive sports entertainment experience through sports betting, in Q4 2021, subject to obtaining requisite regulatory approvals.

Forward-Looking Statements

This press release contains forward-looking statements of fuboTV Inc. (fuboTV) that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our market opportunity, business strategy and plans, the continued shift in consumer behavior and the expected launch of free to play games, FanView and Fubo Sportsbook. The words could, will, plan, intend, anticipate, approximate, expect, potential, or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that fuboTV makes due to a number of important factors, including but not limited to risks related to our pursuit and engagement in acquisitions; our actual operating results may differ significantly from our guidance; risks related to the Companys access to capital and fundraising prospects to fund its ongoing operations and support its planned growth; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to our technology, as well as cybersecurity and data privacy-related risks; our ability to achieve or maintain profitability; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to attract and retain subscribers; we may not be able to license streaming content or other rights on acceptable terms; risks related to our ability to capitalize develop and market a sports wagering offering and the regulatory regime and related risks associated with such offering; risks related to the difficulty in measuring key metrics related to our business; risks related to the highly competitive nature of our industry; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies, including the impact of COVID-19 on the broader market. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 filed with the Securities and Exchange Commission (SEC) on August 11, 2021 and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent fuboTVs views as of the date of this press release. fuboTV anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing fuboTVs views as of any date subsequent to the date of this press release.

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Fubo Gaming Receives Approval to Offer Online Sports Wagering From the Iowa Racing and Gaming Commission - Business Wire

P

layers in the US state of New Jersey now have access to White Hat Gamings proprietary PAM including the providers first-to-market Travelling Wallet solution for casinos and sportsbooks.

The Travelling Wallet enables players to move from state to state and between gaming verticals, retaining their balance in each without the need to transfer additional funds.

Launched in Q1 2020, the solution has been introduced in seven states to date with further expansion planned in the coming months. The process offers the player a seamless wallet functionality, with background transfers recorded in state ledgers for regulatory reporting and accounting purposes.

Rob Fell, COO at White Hat Gaming, said: Its great to be able to offer gamers travelling to New Jersey the flexibility to enjoy casino in this way, thanks to our Travelling Wallet. As the regulation of US markets continues, we are proud to be offering operators and their players a solution that isnt limited by state lines. The US opportunity has not been overstated and we are delighted and proud to be rolling out the Travelling Wallet at such a tremendous pace. We look forward to boosting the player experience further as this growth continues.

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White Hat Gaming PAM casino and sportsbook solution debuts in New Jersey - Yogonet International

The Chicago Bears may not be sportsbooks favorites to win the NFC North in the coming season, but that doesnt mean Illinois sportsbooks dont have lots of reasons to put some money down on the first week of the season. FanDuel Sportsbook is sure to be among those IL sports betting apps commemorating the return of the NFL and we have all the info on FanDuel Illinois NFL Week 1 promos.

Its easy to be awestruck by all the zeros in sportsbook offers and forget about the conditions and terms necessary for redeeming them. Good bankroll management also requires using your betting budget to maximize these offers, too. Read on for all the pertinent information in both interests.

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FanDuel doesnt have anything live specifically for Week 1 yet. Bookmark this page though, as we will update this article as more Week 1 promos are announced. As of Tuesday, Aug. 31, this is an offer that FanDuel does have for new customers.

New users interested in this offer and wagering on FanDuel Illinois NFL Week 1 promos can sign up for an account by clicking on the banner above or by clicking here and entering the bonus code during registration.

To be eligible, all you have to do is sign up for FanDuel, make a deposit, and place a bet. FanDuel counts your first bet as the determinant for this promotion. If you win your first bet, the promo expires and you get your payout as normal.

However, if the sportsbook grades your first bet a loss, FanDuel will issue a refund in site credit to your account equal to the amount of your first wager or $1,000, whichever is less.

So, if you deposit $1,000 and then bet that entire amount and lose, youd get the whole wager credited right back to you in site credit. That promotional credit expires in 14 days.

The FanDuel Sportsbook app is available for iPhone, iPad, and Android.

Illinois law maintains an in-person account registration/verification requirement for online sports betting for at least the remainder of 2021. That means if youve never bet with FanDuel online in IL, youll have to travel to FanDuel Sportsbook and Horse Racingin Collinsville to finish signing up.

If youve signed up for FanDuel in another jurisdiction, like neighboring Indiana or Iowa, you still have to visit the track in Collinsville to verify your account for use in IL. You wont have to create a brand new account, though. You can use the same credentials you already sign in with.

If needs be, creating a new account is free and you can do most of the process in the app. FanDuel just needs a few pieces of information from you, like:

Our guide to betting on the NFL can provide a lot of helpful information in this context because converting site credit to actual cash requires successful wagering on your part. The site credit in this instance has a playthrough requirement, which means you cant withdraw any of the funds until you place a winning bet with them.

Time constraints on these offers are also important to remember. The variety and volume of available markets within the 14-day period you activate this offer have an impact on your chances here as well.

One of the smartest ways to use site credit is to essentially provide yourself some insurance against a riskier wager you might make with actual deposited funds. That practice, called hedging your bets, is a way to effectively lower your risk, and doing so with the sportsbooks money instead of your own enhances your potential benefit.

Risk-Free Bets are another way to try and build your sportsbook bankroll if youre new to sports betting. Check out the risk-free bet sportsbook offers at our other partners in your state and get ready for the NFL season.

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FanDuel Illinois NFL Week 1 Promos: Sportsbook Offers And Free Bets - TheLines.com

PHOENIX, Aug. 28, 2021 /PRNewswire/ -- Access to legal sports betting is fast approaching for Arizona residents and today, Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars") announced its brand-new Caesars Sportsbook app is officially available to Arizona customers for download and deposit. As an Authorized Gaming Operator of Major League Baseball and in partnership with the Arizona Diamondbacks, Caesars is excited to offer Arizona sports fans the chance to officially download the Caesars Sportsbook app, register, and deposit funds while taking advantage of all of the incredible offers in preparation for sports betting's launch in the state on September 9. Starting today, early Grand Canyon State bettors can stack four offers for a first bet experience worthy of an emperor:

"Caesars is no stranger to Arizona, having operated here for more than 25 years. We couldn't be happier to partner with the Arizona Diamondbacks as the state makes this shift into legal sports betting," said Eric Hession, Co-President of Caesars Digital. "Arizona is the first state where our brand-new Caesars Sportsbook app will be live right as sports betting becomes legalized. We believe our app is the best in the industry, and we are thrilled to launch with a series of exciting offers that Arizonans can trust."

In addition to mobile wagering, sports bettors in Arizona can place in-person bets on Sept. 9 at Chase Field where a temporary retail sportsbook will be operational at box office ticket windows 21-25, marking the first and only sportsbook at an MLB stadium. As previously announced, Caesars' partnership with the D-backs includes plans to build a two-story sportsbook and sports bar in the space formerly occupied by Game 7 Grill on the plaza. Leading up to the grand opening of Caesars Sportsbook at Chase Field in early 2022, five walk-up betting kiosks will also be installed on the north side of the plaza to offer another way to wager.

"Today marks a significant advancement in the process of legalized sports betting in Arizona and we couldn't be prouder to enter this new venture with Caesars," said Derrick Hall, D-backs President & CEO. "Caesars, like the D-backs, has been a Valley resident for over 25 years, and we look forward to a successful partnership and celebrating the first sportsbook to open at a Major League stadium."

Caesars Sportsbook's easy-to-navigate app integrates mobile sports betting with Caesars' industry-leading loyalty program, Caesars Rewards, where every bet, win or lose, rewards the bettor with credits and tier status that can be used to unlock unbeatable experiences within the Caesars portfolio of properties and partnerships. With customized offerings, a wide range of betting lines and flexible limits, Caesars Sportsbook treats every customer like royalty.

Caesars is an official corporate partner of The Arizona Diamondbacks, the official casino sponsor and an official sports betting partner of the NFL, and has partnerships with the NBA, NHL, MLB, and several individual teams.

For refreshing, real-time industry updates and to join the empire of like-minded Caesars, players can engage with the Caesars Sportsbook social handle @CaesarsSports on Twitter, Instagram and Facebook.

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the US and one of the world's most diversified casino-entertainment providers. Since its beginning inReno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.'s resorts operate primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start. Gambling Problem? Call 1-800-522-4700. For more information, please visit.www.caesars.com/corporate.

About Arizona Diamondbacks

The Arizona Diamondbacks provide industry-leading entertainment in a clean, safe and family-friendly environment and make a positive impact on its fans and civic partners. Their mission is guided by the Circle of Success: team performance, fan experience, financial efficiency, workplace culture, and community contribution. The D-backs' pinnacle on-field moment was their 2001 World Series title, the only championship among the 4 major Valley teams. Since being established in 1997, the Arizona Diamondbacks Foundation has donated nearly $75 million in charitable contributions to the Arizona community, more than the state's other professional sports teams combined. The club, established in 1995 and whose inaugural season was in 1998, plays their home games in downtown Phoenix at Chase Field, the first Major League stadium in the United States to feature a pool as well as a retractable roof over a natural-grass playing surface (now synthetic grass). For more information, please visit dbacks.com or on social media via @Dbacks and @LosDbacks.

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SOURCE Caesars Entertainment, Inc.

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The Caesars Sportsbook App is Now Live in Arizona! - KPVI News 6

Wisconsins first legal sportsbook is targeting a November opening, officials told The Action Network Monday.

Last week, the Federal Department of the Interior approved an updated compact struck between the Oneida Nation and Wisconsin Gov. Tony Evers that allows the tribe to open sportsbooks at its gaming facilities, including its main casino near Green Bay Austin Straubel International Airport. Casino officials are working toward opening the Main Street Casino sportsbook as soon as it receives operating systems and equipment; a component backorder is delaying the launch, Louise Cornelius, general manager of Oneida Casino Gaming, said in an email.

Cornelius said the sportsbooks third-party operating partner will be announced in the very near future.

A November opening means the casino would miss at least half of the 2021 NFL season, perennially sportsbooks most lucrative time of the calendar year. The Oneida Casino is the official casino partner of the Green Bay Packers and is located a few miles from Lambeau Field.

The updated gaming compact wont permit statewide mobile wagering. The only legal betting option will be at Oneida gaming facilities, though the tribe plans to launch a mobile app that can be used within the casinos.

The coming sportsbook wont be able to accept wagers on in-state college teams such as the University of Wisconsin or Marquette University. Bettors can wager on out-of-state Big Ten, Big East and other programs.

The Oneida Casino sportsbook will offer wagering on popular professional sports leagues including the NFL, NBA, NHL, MLB, MLS and many others. It will also be one of the first sportsbooks in the country to accept legal wagers on major awards programs such as the Oscars.

The Main-Airport casino expects to open a temporary book by its sports bar as it works on a permanent sports betting lounge. The sportsbook will include kiosks and ticket windows.

The Oneida compact is Wisconsins first sports betting deal. Along with the primary casino near the airport, the Oneida Nation operates three additional gaming facilities in Green Bay.

Though no other Wisconsin tribe has publicly announced sports betting plans, the Oneidas revised compact could encourage any of the states other gaming tribes to pursue similar deals. There are nearly two-dozen tribal casinos across the state.

A commercial online or retail sportsbook would require an act of the legislature, which has shown little interest in taking up such legislation. This means, aside from the Oneidas future operating partner, there are no current entryways for major brands such as DraftKings, FanDuel, Caesars, Barstool, PointsBet or any other company to earn a Wisconsin sportsbook license in the foreseeable future.

All of those aforementioned sportsbooks are available online in Iowa and Illinois, both of which share population centers along their respective borders with Wisconsin. Mobile wagering is also permitted in Michigan.

Once Wisconsin opens its first sportsbook, Minnesota will be the only neighboring state without a legal betting option.

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First Wisconsin Sportsbook Targeting November Opening - The Action Network

CHICAGO--(BUSINESS WIRE)--Rush Street Interactive, Inc. (NYSE: RSI) ("RSI" or the Company), a leading online casino and sports betting company in the United States, today announced that the Arizona Rattlers (the Rattlers), a long-established professional indoor football franchise, designated RSI as their operating partner for online sports betting. In addition to receiving market access in Arizona, RSI will become a major sponsor of the six-time world champion Rattlers.

The Arizona Department of Gaming determined that the application by the Rattlers and RSI is eligible for one of the ten sports wagering licenses associated with an Arizona professional sports team or franchise and has granted RSI a temporary event wagering designee license. RSI plans to launch online sports betting in the state under its BetRivers brand during the upcoming NFL and NCAA fall football seasons.

We are very excited to bring our BetRivers mobile apps to Arizona together with the Rattlers, which are deeply rooted in the Phoenix community and share RSIs commitment to excellence, said Richard Schwartz, Chief Executive Officer of RSI. Arizonans are accustomed to receiving a championship caliber product on the field with the Rattlers, and we look forward to offering them a similarly high-quality product off the field through our award-winning BetRivers platform and top-notch customer service.

Founded in 1992, the Rattlers are the third longest tenured professional sports team in Arizona and have played for their entire history in the state. The Rattlers are one of the most accomplished professional sports teams in Arizona as well as one of the most successful teams in the history of indoor football, winning the most games and championships of any professional indoor football team in the country.

Arizona is home to the greatest fans in the country, and we are thrilled to help them enjoy online sports betting through our long-term partnership with RSI and the BetRivers team, said Ron Shurts, Owner and Chief Executive Officer of the Arizona Rattlers. Following our league-best regular season, this partnership continues the Rattlers tremendous success and momentum ahead of our round-one home playoff game this Sunday, where the BetRivers logo will be present.

Arizona joins Connecticut, Louisiana, Mississippi and New Mexico as states where RSI has recently announced market access partnerships, with the latter two being subject to the passage of enabling mobile gaming legislation. Based on publicly available data, RSI is the market leader in the three most populous states that have legalized retail sports betting Illinois, Pennsylvania and New York and is a top five online sports betting company in the United States per gross gaming revenues over the past 12 months, according to a July 2021 report from industry market research firm, Eilers & Krejcik.

Mr. Schwartz concluded, We thank the Rattlers as well as the Arizona Department of Gaming for their trust and partnership and look forward to working together to offer the people of Arizona entertaining, innovative and responsible gaming options.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. RSI's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, RSI's expectations about the anticipated timing of launch of its operations in the state of Arizona, the expected benefits of its partnership with the Rattlers, and its anticipated results of its operations and future performance in the state of Arizona. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside RSI's control and are difficult to predict. Factors that may cause such differences include, without limitation, changes in applicable laws or regulations, unanticipated product or service delays, and other risks and uncertainties indicated from time to time in RSI's most recent Annual Report on Form 10-K, including those under "Risk Factors" therein, and in RSI's other filings with the SEC. RSI cautions that the foregoing list of factors is not exclusive. RSI cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. RSI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

About RSI

RSI is a trusted online gaming and sports entertainment company focused on regulated markets in the United States and Latin America. Through its brands, BetRivers.com and PlaySugarHouse.com, RSI was an early entrant in many regulated jurisdictions and is currently live with real-money mobile, online and/or retail operations in ten U.S. states: Pennsylvania, Illinois, New Jersey, New York, Michigan, Indiana, Virginia, Colorado, Iowa and West Virginia. RSI is also active internationally, offering its online casino and sportsbook in the regulated gaming market of Colombia on RushBet.co. RSI offers, through its proprietary online gaming platform, some of the most popular online casino games and sports betting options in the United States. Founded in 2012 in Chicago by gaming industry veterans, RSI was named the 2020 Global Gaming Awards Digital Operator of the Year and the 2021 EGR North America Awards Casino Operator of the Year, Customer Services Operator of the Year and Social Gaming Operator of the Year. RSI is committed to industry-leading responsible gaming practices and seeks to provide its customers with the resources and services they need to play responsibly. For more information, visit http://www.rushstreetinteractive.com.

About the Arizona Rattlers

The Arizona Rattlers were founded in 1992 and are proud members of the Indoor Football League (IFL). In the three seasons the Rattlers have competed in the IFL, they've won one championship (2017) and qualified for the United Bowl twice (2017, 2019). The Rattlers spent 24 seasons in the Arena Football League (AFL) before moving to the IFL. In that time, the Rattlers made ten appearances in the ArenaBowl, and won championships in 1994, 1997, 2012, 2013, and 2017. For tickets, call 602-514-8274, or visit http://www.azrattlers.com.

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Rush Street Interactive to Bring BetRivers Online Sportsbook to Arizona With the Arizona Rattlers - Business Wire

Most of the 70 million or so members of Gen Z are too young to bet on sports legally in the U.S., but a group of industry panelists said Wednesday that sportsbook operators would be wise to begin focusing on them if they havent already.

The cohort of young people carries wide influence because of their leadership in adopting new technology and other aspects of social culture that are then followed by older groups, noted the webinar speakers in a session co-sponsored by The Innovation Group and SBC.

Gen Z members, generally those born between 1997 and 2012, are a first mover group thats influential on the internet, throughout the media, and in other ways that make them important to reach, said Sarah Crennan, vice president and head of content for Yahoo Sports. She said older demographic groups are more likely to follow Gen Zs habits than Gen Z is to emulate them.

I think Gen Z is incredibly influential and kind of sets the tone around media trends, she said. If we can get it right for Gen Z, it is very likely to influence those other demographics we care about.

Crennan and others observed that the young group is diverse and savvy and looks for trustworthy athletes, celebrities, and media figures from whom to obtain content and advice such as on sports betting, which is something that, as young adults, they are growing up around as a normal part of sports discussion, unlike prior generations.

I never thought Id see gambling odds on ESPN, noted Allen Ambrogio, U.S. director of operations for Tipico, a sportsbook that began in Europe and is now operating in New Jersey and Colorado. Its all around us now.

The members of the panel, titled Beyond Traditional Thinking: Finding the Right Partnerships to Deliver Gen Z, said a good model for others in the industry to learn from is the partnership involving Barstool Sports personalities and their promotion of Penn National Gamings Barstool Sportsbook. Penn National became part-owner of the Barstool Sports digital sports media company in order to acquire the popular, if irreverent, brand.

Panelists noted that Barstool followers have a great deal of confidence and interest in the opinions of high-profile company representatives like Dave Portnoy and Dan Big Cat Katz, and that helps drive them to the Barstool Sportsbook to place wagers.

They are seamlessly integrated, Crennan observed, while pointing to a new Yahoo Sports relationship with Los Angeles Chargers running back Austin Ekeler, who will be making Ekelers Edge weekly videos for it this season pertaining to fantasy sports.

Joseph Solosky, managing director of sports betting for NASCAR, said his organization is making use of Todd Fuhrman, a veteran sports betting expert known to FOX Sports viewers, to lead videos designed to attract interest in racing among bettors.

Todd speaks to the layman bettors, Solosky said. Hes got a huge following and a trusted voice.

And layman would be the right way to describe Gen Z bettors, because while they are willing to bet frequently, the wagers aret typically as large as older gamblers, the panelists said. There is more of a social aspect to their gambling, as opposed to being huge risk-takers expecting to make a big profit.

Its something to talk about and have fun with and to do it together, Ambrogio said.

While there was discussion of the roles that eSports and virtual sports can play in helping attract betting interest from Gen Z, there was agreement that those are still too young in regulated adoption to predict their future.

Were going to see it grow over time, no doubt in my mind, but the question is when it really starts taking off, Ambrogio said of eSports.

Whether it be those non-traditional sports or the ones with balls and sticks that Gen Zs parents and grandparents long bet on under the table, it seems unquestioned that the new cohort will embrace online sports betting. Panelists noted that the group is already accustomed to doing many things by phone, as well as funding their activities digitally through Venmo or other means.

In many cases, the younger adults will be unwilling to focus attention on a game for three hours like their parents, but they may want to place a live bet during the shorter span of attention they devote to a given event. Or if they have a ticket to a game or match, it may become second nature to enhance their interest with a wager.

With Gen Z now coming of age and hitting adulthood, this will eventually be the norm: that you can bet on the game youre attending, Crennan said. It will be an expectation that there will be a product offering around every event they have an interest in. It will be a part of the sports experience for this generation.

Photo: Shutterstock

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Gen Z Bettors Ready To Capture Sportsbook Industrys Attention - US Bets

DraftKings Launches Micro-Betting to Give Fans More Ways to Engage with Their Favorite Sports

NEW YORK and BOSTON, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Simplebet, the technology company reimagining the way fans engage with live sports, today announced a multi-year agreement with DraftKings (Nasdaq: DKNG), a leading sports betting and gaming operator in the U.S., to launch real-money micro-betting across the DraftKings Sportsbook. Integration with Simplebets micro-betting technology will allow DraftKings customers to engage even further with the sports they love by wagering, among other things, play-by-play, throw-by-throw and pitch-by-pitch throughout a sporting event.

Under the agreement, DraftKings will be able to offer Simplebets micro-betting products for the NFL, MLB and NBA and a new suite of college football products, which are the first micro-betting products available for collegiate sports. With micro-betting, DraftKings customers will now be able to wager on even more individual moments over the course of a game through the DraftKings Sportsbook.

Were thrilled to be launching our real-money micro-betting products with DraftKings, said Chris Bevilacqua, Co-Founder and CEO of Simplebet. These types of offerings represent the next evolution of sports betting and deliver enhanced opportunities for operators and fans alike. We look forward to the successful roll-out and to showcasing the excitement that comes with micro-betting.

Simplebet announced the completion of a $15 million financing round earlier this year, bringing total funding to $50 million. The recent funding is being used to enhance the companys existing NFL, MLB and NBA products by adding dozens of derivative micro-markets, launching new sports, introducing new subcategories of micro-markets such as Scripts, expanding engineering resources to enable more efficient customer integrations and exploring other strategic opportunities.

Were excited to be working with Simplebet to change the in-game betting experience for our customers and, together, changing the way sports fans engage with their favorite sports, said Paul Liberman, President, Global Product and Technology at DraftKings. Through our shared commitment to delivering innovative technology, our customers are now able to take part in this unique betting and engagement experience on the DraftKings Sportsbook.

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Simplebet has developed a suite of innovative micro-betting products for the NFL, NBA, MLB and, most recently, college football. The company enables sports betting operators, media companies and technology companies to enhance live sports by offering engaging experiences in real-time with its proprietary automated operations platform.

About Simplebet:

Co-founded in 2018 by Chris Bevilacqua, Joey Levy, and Scott Marshall, Simplebet is the technology company pioneering micro-betting and fan engagement for U.S. sports. Micro-betting introduces instant gratification to the sports betting user experience by enabling moments within sporting events to become discrete betting and engagement opportunities. For more information please visit their website at https://www.simplebet.io/, and follow on LinkedIn and Twitter.

About DraftKings:DraftKings Inc. is a digital sports entertainment and gaming company created to fuel the competitive spirit of sports fans with products that range across daily fantasy, regulated gaming and digital media. Headquartered in Boston, and launched in 2012 by Jason Robins, Matt Kalish and Paul Liberman, DraftKings is the only U.S.-based vertically integrated sports betting operator. DraftKings is a multi-channel provider of sports betting and gaming technologies, powering sports and gaming entertainment for operators in 17 countries. DraftKings Sportsbook is live with mobile and/or retail betting operations in the United States pursuant to regulations in Colorado, Illinois, Indiana, Iowa, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia and West Virginia. DraftKings daily fantasy sports product is available in 7 countries internationally with 15 distinct sports categories. DraftKings is the official daily fantasy partner of the NFL, MLB, NASCAR, PGA TOUR and UFC as well as an authorized gaming operator of the NBA and MLB, an official sports betting partner of the NFL, an official betting operator of PGA TOUR and the official betting operator of UFC. DraftKings also owns Vegas Sports Information Network, Inc. (VSiN), a multi-platform broadcast and content company.

DraftKings Forward-Looking Statements

Certain statements made in this release are forward looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words estimates, projected, expects, anticipates, forecasts, plans, intends, believes, seeks, may, will, should, future, propose and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside DraftKings control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see DraftKings Securities and Exchange Commission filings. DraftKings does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media contacts:

Simplebetsimplebet@dkcnews.com

DraftKingsmedia@draftkings.com@DraftKingsNews

Investor contact:Investors@draftkings.com

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DraftKings Agrees to Multi-Year Deal with Simplebet to Expand Sportsbook In-Game Offerings - Yahoo Finance

Nevada in July became the second state to clear $1 billion in sports betting operator revenue in the post-PASPA era, as the states Gaming Control Board on Thursday reported revenue totaling nearly $33.3 million for the month.

New Jersey, which passed Nevada for all-time post-PASPA handle in April, also reached the $1 billion revenue benchmark that month. The good news for the Silver State was Julys revenue figure was a 14% month-over-month increase from Junes total of close to $29.2 million despite a 24.9% drop in handle to nearly $409.9 million.

The steep drop in handle is expected during the summer months with baseball as the primary and sometimes only wagering attraction for bettors. With 15 of the 20 states and jurisdictions with legalized sports betting having published their monthly reports, the combined July handle of $2.06 billion is 23.7% lower than Junes total of $2.7 billion.

Nevada sportsbooks posted a collective 8.12% win rate for July, their highest of 2021 in edging out Januarys hold of 8.1%. Much of the improvement from June can be attributed to a reversal of fortune in baseball, plus Dustin Poiriers first-round TKO via doctor stoppage of Colin McGregor, who could not continue after breaking his left leg.

The state collected nearly $2.25 million in tax receipts from sports betting in July, pushing the total to more than $16.2 million for the year.

After bettors got the better of the house on baseball bets on the Las Vegas Strip in June, sportsbooks there rebounded in July. Though the win rate on the Strip was a modest 6.35%, it still resulted in more than $5.6 million in revenue from over $88.5 million wagered. It meant a swing of nearly $7.5 million in revenue on baseball wagers, after the public left more than $1.8 million richer on such bets the previous month.

Sportsbooks across the state fared even better than the Strip on baseball wagers, as the house collected just over $19 million the highest monthly total of revenue from baseball bets in the post-PASPA era, which crushed the previous mark of $14.1 million set in April. Overall, the house posted an 8.35% win rate on $227.6 million worth of baseball wagers.

The third Poirier-McGregor fight fueled the catch-all other category to the second-highest handle and revenue totals for Nevada in July, at $95 million and nearly $9.1 million, respectively. Both numbers were also post-PASPA era monthly highs. Basketball was the other key driver for sports wagering last month, with the house keeping more than $5.8 million from nearly $77.3 million wagered.

Since the NGCB began breaking out mobile wagering numbers in January 2020, the win rate for online operators has failed to reach the industry standard of 7% in any single month. That continued in July, though the 5.64% win rate was higher than the overall 2021 hold of 5.16%.

The mobile handle of nearly $242 million accounted for 59% of the months overall handle, and online bets have totaled more than $2.2 billion through the first seven months of the year.

Sportsbooks posted a far better performance on their turf, posting an 11.69% win rate on in-person bets while collecting more than $19.6 million from $167.9 million wagered. Retail revenue accounted for 59% of the total monthly haul, trailing only the Super Bowl-aided 67.9% in February for the year in terms of percentage.

Photo: Randy Andy/Shutterstock

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Nevada Clears $1 Billion In Post-PASPA Sportsbook Revenue With Strong July - US Bets