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State of the Union: Better Collective, Louisiana, Rush Street Gaming and more

Insight | Analysis

This week’s State of the Union, in partnership with Segev LLP, includes a super affiliate making a major splash ahead of Ontario’s igaming market opening up to licensed operators, as well as the first full month of Louisiana sports betting results.

Better Collective acquires Canada Sports Betting for €21.4m

Affiliate giant Better Collective has acquired Canada Sports Betting (CSB) for €21.4m (£17.8m/$23.6m), in a deal that signals its intent in the soon-to-be-regulated Canadian market.

The super affiliate described Canada Sports Betting, which offers information about a number of betting operators that accept customers from Canada, as “an established sports betting brand with a solid position in the market by helping their users make informed online betting decisions”.

Louisiana online betting draws $211m in wagers in first full month

Players in Louisiana staked $211.0m (£160.4m/€190.7m) during the first full month of legal online sports betting in the US state.

Louisiana opened its regulated market on January 28 following the launch of retail sports wagering in October of last year.

Rush Street Gaming promotes Drehkoff to replace Carlin as CEO

Rush Street Gaming has promoted chief financial officer Tim Drehkoff to the role of chief executive, following the resignation of Greg Carlin.

Drehkoff, who has served as CFO at Rush Street Gaming since June 2012, will move into his new position from 1 May.

BestOdds scores Maryland vendor licence

BestOdds has secured a new vendor licence in the regulated state of Maryland, bringing its total licence count to 16 states across the US.

The BestOdds site includes content that covers all sports and casino topics such as brand-specific reviews, player deposit options, game previews and betting strategies articles.

BetMGM and PointsBet cleared to launch in Ontario

iGaming Ontario, the subsidiary of Alcohol and Gaming Commission of Ontario (AGCO), has announced BetMGM and PointsBet as the latest operators to secure online gambling licences in the Canadian province.

BetMGM will operate through in Ontario, while PointsBet will be active via the website.

New Hampshire betting revenue slips to lowest monthly total since June 2020

Sports wagering revenue in New Hampshire amounted to $1.0m (£757,354/€909,656) in February, the lowest monthly amount since June 2020 when retail sportsbooks were closed due to the novel coronavirus (Covid-19) pandemic.

CDI to acquire charitable gaming facility in New Hampshire

Churchill Downs Incorporated (CDI) has signed a definitive agreement to acquire Chasers Poker Room, a charitable gaming facility in Salem, New Hampshire.

Opened in 2017, Chasers offers poker and a wide range of table games to customers in the local area, with a portion of revenue allocated to non-profit organizations licensed in the state.

NY Court of Appeals rules fantasy sports are constitutional

New York’s Court of Appeals has ruled that fantasy sports games are not unconstitutional gambling products, in response to a legal challenge that began in 2016.

Paid fantasy sports games were legalised in New York in 2016, after the state Attorney General had taken action against FanDuel and DraftKings for unlawful gambling in 2016.

Wazdan secures Michigan licence

Online casino games developer Wazdan has been awarded a licence for the US state of Michigan.

DC February sports betting revenue lowest monthly total since July 2020

Sports betting revenue in Washington DC amounted to $740,542 (£563,299/€671,447) in February, the lowest monthly amount since July 2020, after consumers proved more successful with their bets.