Henry Henriquez’s Post

Market Monitor: Ohio Sports Betting November 2024 In November, Ohio online sportsbooks had their second best month in market history. They brought in just over $1 billion in bets on which they generated $114 million in revenue. Both these are the highest outside the January 2023 launch month. In handle, FanDuel just stayed ahead of its rival DraftKings for the second month running, but very little separate the pair. In revenue, the gap is much clearer, with the former reporting $46.5 million to its rival’s $37.9 million. The pair took in 68% of the bets in the market and almost three quarters of revenue. https://lnkd.in/e_xZs67H

The mobile sports betting market in New York experienced some interesting trends recently. In September, revenue saw a 3.7% decline year-on-year, despite a 27.5% increase compared to the previous month 📊 However, the betting handle showed resilience, reaching $1.80 billion, marking a 2.3% increase over the past year 📈 A notable new player, ESPN Bet, entered the market and generated over $103,000 in revenue from a $4 million handle during its first week. The daily handle per bet was significantly higher, 295% above the average for other states where ESPN Bet operates. Do you think this is a part of wider trend, or just a minor blip in New York's gaming industry? Dive into the full article: https://lnkd.in/eTdbtAWv #KTGroup #SportsBetting #Gambling #NewYork #iGaming

this data looks unreliable for several reasons. First, many websites offering sports betting also promote casino games. So, we can’t be sure the visits were specifically for sports betting and not for the casino. Second, it’s unclear where this data comes from. Is it traffic from search engines, direct links, or both? In any case, it looks like open sources were used, which are often inaccurate since quality data is expensive. The more open sources are used, the higher the margin of error. Moreover, the regulatory factor is not considered. Players often use mirror sites for unregulated operators, which frequently change, leading to inflated visit counts. The same applies to poor internet quality, where players have to reload pages, increasing the visit numbers. I suspect that Nigeria’s case, besides the growing interest in betting, is also influenced by these factors. It’s also no secret that Nigeria has many offline bookmakers, so many people don’t even need to visit websites.

Excited to announce the launch of Sports 'N Etc! Our channel is dedicated to delivering the latest sports updates, in-depth analysis, and coverage of trending games and major controversies. Whether it's match highlights, player insights, or expert opinions, we're here to keep you informed and engaged with everything happening in the sports world. Join us as we explore sports from every angle! ⚽🏏🏀 #SportsUpdates #TrendingGames #SportsAnalysis

GAMING TAKE: Considerable sports betting content on social media caters to the lowest common denominator. It may offer some short-term appeal, but it's unlikely to reap long-term rewards -- definition of instant gratification. Delivery across mediums -- audio, video AND the written word -- should be valued most. Of course, it must be presented with some pizzazz. After all, betting is just another form of entertainment. #sportsbetting #sportsmedia #sportscontent

Excited to announce the launch of Sports 'N Etc! Our channel is dedicated to delivering the latest sports updates, in-depth analysis, and coverage of trending games and major controversies. Whether it's match highlights, player insights, or expert opinions, we're here to keep you informed and engaged with everything happening in the sports world. Join us as we explore sports from every angle! ⚽🏏🏀 #SportsUpdates #TrendingGames #SportsAnalysis

⚽️ AskGamblers Launches Live Scores Feature This feature is seamlessly integrated into the AskGamblers website, creating a central hub for users to access live updates on ongoing games, upcoming fixtures, and team performance data. Read the full article here ➡️ https://lnkd.in/e_z96KKT #igaming #igamingnews #igamingindustry Dijana Radunović

Market Monitor: Pennsylvania Fantasy Sports November 2024 The PA fantasy sport market enjoyed something of a rebound in November. Operators reported $2.5 million in revenue last month, down 4% year-over-year, but much improved on October (-21%) and well above the annual average. Entry fees, however, were down a more concerning 15%. DraftKings remains the dominant force in PA fantasy. It reported $1.7 million in revenue last month for a 68% market share and actually up year-over-year. By comparison, rival FanDuel was a shade under $600k — down 28% year over year and less than half what it was two years ago. Underdog is the only other operator of note, and it had a good November — it reported $174k in revenue, up almost double on November 2023. https://lnkd.in/g4S3YXnv

Variety shared insights from our 2024 Global Sports Survey: https://hubs.la/Q02YXmfQ0 As younger fans increasingly favor short-form highlights over full games, live sports face new challenges in maintaining relevance. The article explores how shifting habits, rising rights costs, and evolving viewer preferences are reshaping the industry—and what sports rights holders can do to adapt and monetize in this changing landscape. #Sports #Media #FanEngagement #LiveSports #TMT

【 From our strategic partners at CDC Gaming Reports in the US 】 The Ohio Casino Control Commission recently announced that the state’s sports betting market grew substantially in September. Their monthly sports betting handle grew year-over-year to hit $6 billion. Ohio online sportsbooks finished with a $864.3 million handle in September 2024, a 25% year-over-year increase compared to their figures from September 2023. This was the state’s third-highest handle since sports betting went live in January 2023. ⚾ #InsideAsianGaming #IAG #CDCgaming #Ohio #sports #betting #market #iGaming #revenue