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Sports betting and fantasy sports have transformed the sports world. 🎲 From innovative platforms like PrizePicks to ESPN’s game-changing venture with Penn Gaming, these sports betting companies are redefining the game. Rob Abramowitz shares insights into mainstream media's embrace of sports betting and highlights how this evolution isn't just about bets; it's about boosting fan engagement and opening new revenue streams. 📈 Learn more about our Business Management solutions: https://lnkd.in/gX-ets-f #SportsBetting #BusinessGrowth #SportsIndustry #Armanino

Sports betting and fantasy sports have transformed the sports world. 🎲 From innovative platforms like PrizePicks to ESPN’s game-changing venture with Penn Gaming, these sports betting companies are redefining the game. Rob Abramowitz shares insights into mainstream media's embrace of sports betting and highlights how this evolution isn't just about bets; it's about boosting fan engagement and opening new revenue streams. 📈 Learn more about our Business Management solutions: https://lnkd.in/gESNS5Vi #SportsBetting #BusinessGrowth #SportsIndustry #Armanino

The latest numbers from the New York Gaming Commission show a big jump in sports betting activity in the state with operators taking in $516.8 million in wagers for the week ending September 29th. That’s a 31.3% year over year increase and 7.6% from the previous week.

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.

Sports media is evolving, and gambling is at the center of it. Platforms like Action Network are turning fans into bettors, reshaping how we watch and engage with games. It’s no longer just about whether your team wins—it’s about how you can win. Is this the future of sports or are we losing something along the way? #SportsBetting #Gambling #SportsMedia Source: Did Sports Media Play Itself? By Tommy Craggs

9️⃣ Key Takeaways from Jason Robins’ Talk with Ryan Sigdahl at the Craig-Hallum Online Gaming Conference: 🎯 October was a successful month for bettors, but in November, things returned to normal, even leaning towards more favorable outcomes for operators. 🎯 Increased player activity in November was likely not driven by October’s winnings. 🎯 The U.S. market benefited from a later launch, as it could immediately implement more advanced technological infrastructure. 🎯 When it comes to spending across almost every entertainment category, the U.S. leads the way – so why should sports betting be any different? 🎯 New market entrants won’t disrupt the status quo but can always find a niche to thrive in. 🎯 DraftKings is strong in college sports, where hold rates are lower, while FanDuel performs better in the NBA, where hold rates are higher. 🎯 Paying about $1.7 billion in taxes on less than $300 million in EBITDA – “That’s a crazy ratio.” 🎯 Missouri’s proposed 10% tax rate is an example of well-balanced state policy. 🎯 There’s hope for progress on iGaming bills in 2025 ⤵️ More...

【 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

iGaming, sports betting operators in Michigan report $253.7M in October revenue https://lnkd.in/dVi99xvx  (Detroit).- Michigan commercial and tribal operators reported a combined $253.7 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in October. Gross receipts decreased 2.8% compared to last month.

Mississippi Gaming Commission reports $57.8m in sports betting handle for November, with Coastal Region leading at $38.9m. Taxable revenue reached $8.04m, up 187% from October. #MississippiGaming #SportsBetting #TaxableRevenue https://lnkd.in/diBFGJ-s

What happens in Michigan if FanDuel's parent company Flutter Entertainment Plc purchases PENN Entertainment, Inc's online properties? The numbers are staggering. A PlayMichigan.com analysis found that, based on 2024 revenue figures alone, Flutter taking control of PENN's Hollywood online casino and ESPN BET sportsbook would mean Flutter would control 29% of Michigan's lucrative online casino market and a whopping 46% of the online sports betting market. That would make Flutter far and away the #1 online casino and sports betting operator in Michigan. Corey Sharp with the story. #gambling #gamblingindustry #michigan #fanduel #flutter #pennentertainment #igaming #igamingindustry #revenue #sportsbetting #sportsbettingindustry #sportsbooks