The rich are getting richer. The sports betting industry is dominated by a few big players, is there ample room for second-tier sportsbooks to compete and thrive? It appears to be a heavy lift. How do you create brands that can scale to profitability by both reducing the cost of customer acquisition and churn through offering more competitive odds, personalized customer service, and innovative betting options that appeal to a segment of bettors looking for something different from the mainstream offerings. https://lnkd.in/gauNfmtb #SportsBetting #Innovation #MarketOpportunities
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We at Betr are thrilled to announce our new market access partnerships for Sportsbook and the introduction of Betr Casino in 2024 ahead of our V1 Sportsbook launch. Through the success of Betr Picks, we have validated that our playbook of simpler and more intuitive user experiences built for casual fans on the product front, and original short form video built for the next generation of sports fans on social media on the distribution front, are winning strategies for rapidly and efficiently scaling a new real money gaming business in the U.S. The data we are seeing not only suggests that we are building a large and highly profitable real money gaming and media business, but that we are doing so by bringing new users into the category. We plan on replicating this playbook for Betr Sportsbook and Betr Casino after releasing V1 of our Sportsbook later this year. By the end of 2024, we should see a further step change in our scale, while also having successfully laid the foundations of at least four distinct business units: Betr Fantasy, Betr Sportsbook, Betr Casino, and Betr Media. https://lnkd.in/eE6ifcF8
Betr to launch its first US iGaming product in Pennsylvania
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📈 Super Group announce another record breaking year with impressive financial results 📈 Super Group, a prominent online sports betting and iGaming operator, has reported a record-breaking revenue for the fourth quarter (Q4) and full-year of 2023. The company’s shares surged by 11 percent following the announcement of these impressive financial results. 🎰 📄Read the full article : https://hubs.la/Q02nHdnj0 #SuperGroup #RecordBreaking #FinancialResults #OnlineBetting #iGaming #RevenueGrowth #StockSurge #Q4Earnings #AnnualReport #SportsBetting
Super Group’s record-breaking performance in 2023
sigma.world
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Check out the latest sports betting round-up for the U.S.! Kansas climbs, Connecticut thrives, Delaware keeps it interesting: 📈 #Kansas kicks it up a notch! Handle hit $147M in August - up 55.7% YoY - with #DraftKings leading the charge at $3M in revenue off $67.7M in bets. 💪 #Connecticut stays solid. Total handle rose to $123M, driven by #FanDuel’s $5.1M revenue online, while Fanatics led retail with $846K in revenue. 🎲 #Delaware had its ups and downs. Revenue fell 34.7% from July to $702K, but igaming shined with a 427.3% YoY revenue boost, hitting $5.6M!
US sports betting round-up: Kansas, Connecticut and Delaware in August
igamingbusiness.com
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With the completion of its $225 million acquisition, Fanatics now controls PointsBet's U.S. operations, along with Banach Technology. This significantly expands Fanatics' presence in the online sports betting market, reaching 95% of the U.S. market by the end of the month and expanding to 20 states. Matt King, CEO of Fanatics Betting and Gaming, expressed excitement about the acquisition, commenting on the addition of talented leaders from PointsBet USA to Fanatics' team. PointsBet will focus on its remaining platforms in Australia and Canada for the next 18 months. As online sports betting continues to grow across the U.S., Illinois stands out as one of the leading states, with legal wagering on in-state colleges and universities. Follow the full story on PointSpreads.com: https://lnkd.in/e6h6Z8tb #Fanatics #PointsBet #SportsBetting #Expansion #Illinois #OnlineBetting
Fanatics Completes PointsBet US acquisition for $225 million
pointspreads.com
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🚀 Promotional Tools: A Game-Changer for the Sports Betting Industry! 🚀 The sports betting world has seen explosive growth over the last decade, becoming a multi-billion-pound industry. As competition among gambling platforms heats up, operators are using promotional tools to stand out. From free bets to loyalty programs, these strategies are key to attracting new customers and keeping existing ones engaged. 💡 But are these tools worth the investment? 💰 What are the costs versus the benefits? 📊 How can we use data to make promotions more effective? In our latest blog post, we dive deep into the effectiveness, cost, and future trends of these promotional tools. Whether you're an operator or a bettor, you’ll find valuable insights into how these strategies shape the future of sports betting. 🔥 How can promotional tools be optimized for better engagement while promoting gambling? Let's keep the conversation going! 👇 https://lnkd.in/ggqvVhFt #SportsBetting #Promotions #CustomerEngagement #GamblingIndustry #FutureTrends
Are Promotional Tools in Sports Betting Worth It? - ParlayBay
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Just over $4.1 billion was bet on sports in Ohio through June, up from $3.8 billion at this same time in 2023, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. Mobile sports betting apps account for 97% of the bets and 98% of all revenue. Physical betting lounges took in just over $101 million of bets and reported $7 million in revenue. While the Ohio Lottery’s betting kiosks account for just $6 million of bets, and just under $600,000 in revenue. Sports gambling revenue is taxed at 20%. #OhioGambling #SportsBetting #GamblingTrends
Halfway through 2024, Ohio’s sports betting industry hasn’t slowed
cleveland.com
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Just over $4.1 billion was bet on sports in Ohio through June, up from $3.8 billion at this same time in 2023, according to compiled data from the Ohio Casino Control and Ohio Lottery commissions. Mobile sports betting apps account for 97% of the bets and 98% of all revenue. Physical betting lounges took in just over $101 million of bets and reported $7 million in revenue. While the Ohio Lottery’s betting kiosks account for just $6 million of bets, and just under $600,000 in revenue. Sports gambling revenue is taxed at 20%. #OhioGambling #SportsBetting #GamblingTrends
Halfway through 2024, Ohio’s sports betting industry hasn’t slowed
cleveland.com
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Director, Media, Sales Director at Media Man Group, Media Man International, Media Man Australia. Media Agent. Sales Gun. Subscriber TV 5 years. Media 20 years +
BetMGM and X. It's a Win-Win-Win! #betmgm #mgm #x #corp #betting #sportsbetting #platform #platfornnews #socialmedia #socialmediaplatforms #trends #trending #sportsbiz #sportsbusiness #livesports #liveentertainment #win #media
BetMGM announced a strategic partnership with X, becoming the social media platform’s exclusive Live Odds Sports Betting partner. The first-of-its-kind partnership between a premier social media brand and a sports betting operator will integrate BetMGM’s odds and branding into X, with each game linking to BetMGM’s website and app. https://lnkd.in/egZJvAyx
BetMGM and X Sign Exclusive Sports Betting Partnership
sports.betmgm.com
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Sports Betting is Booming—Are You Ready? With the sports betting industry surging, rights holders have a huge opportunity to capitalize. In 2023, over $100 billion in legal bets were placed in the U.S. alone, and this growth shows no signs of slowing. Betting is no longer just extra—it’s crucial for fan engagement and revenue. Why It Matters: - 🏅 Boost Engagement: Betting keeps fans hooked, watching longer and more often. - 💸 New Revenue Streams: Partnerships with sportsbooks and exclusive in-play data deals are key to monetizing sports assets. - 📊 Data is Everything: Real-time, accurate data powers in-play betting and micro-betting, opening the door to more opportunities. Combat IQ is powering the future of sports betting with the best quality data feeds in Combat Sports, enhancing fan experiences and driving new revenue streams. Ready to take your sports betting game to the next level? Let’s connect! Read more on the betting surge here 👉: https://buff.ly/4eifQQb #SportsBetting #SportsTech #CombatIQ #DataDriven #FanEngagement
No signs of slowing down for sports betting, industry leaders say
cnbc.com
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