Waterhouse VC

Our October Newsletter looks at Flutter Entertainment Exploring the origins, key figures and pivotal decisions which have driven its success, and the 'Flutter Edge' - Product, Technology, Expertise, and Scale. Tom Waterhouse https://lnkd.in/ghn9FNW2

The Arizona Department of Gaming have reported the sports betting data for August. Handle reached $496.6m a 21.1% increase on July, GGR was $37.4m DraftKings held the most with $170.3m, FanDuel reported $145.8m in handle. (Source The Arizona Department of Gaming)

Rush Street Interactive (RSI) reported Q3 results on Thursday. Revenue increased 37% YoY to a record $232.1m as their North American presence increased. EBITDA surged to $23.4m from $4.1m in Q3 2023 RSI posted a net profit of $3.2m, compared to Q3 2023 saw a $13.4m loss.

Top 10 States sports betting handle for September 24' New York $2b New Jersey $1b Pennsylvania $811.3m Nevada $765m Massachusetts $678.7m North Carolina $575.4m Colorado $562.9m Maryland $532.9m Michigan $523.8m Tennessee $520.8m (Source Chris Altruda)

Sportradar have agreed to a partnership in Brazil with the Ministry’s Secretariat of Prizes and Bets to provide Integrity Services and offer education and training to local authorities.

September saw Nevada sportsbook set a new all-time high for sports betting GGR in a month with $80.9m. Handle for the month was $765m on a 10.6% hold. (Source Chris Altruda & image Action Network - A part of Better Collective )

The Indiana Gaming Commission have reported the September online sports betting results. Handle was $483.8m, up 19.7% on the same period in 2023, GGR was reported as $53m, Septembers GGR was the second highest result since inception. (Source Indiana Gaming Commission)

iGaming provider SOFTSWISS has reported a 43% increase in their Game Aggregator & Jackpot Aggregator solutions. SOFTSWISS iGaming portfolio has expanded to over 23,500 games from more than 280 game providers.

BETER, an industry leading provider of content and data covering esports and sports will partner gambling technology company Playtech. BETER’s ESportsBattle, the subject of this deal, offers more than 35,000 events each month with up to 50 markets per event.

Kentucky Sportsbooks have reported $255.9m in online sports betting handle for September, GGR was $34.2m on a 13.4% hold. September 2024 handle was up 342.5% on September 2023. (Source Horse Racing Commission)