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State of the Union: Fanatics, Betway, New Jersey and more

Insight | Analysis

This week’s State of the Union, in partnership with Segev LLP, includes the launch of one betting product from a big-name sporting brand, while another has revealed that it may be slightly further from announcing its own sportsbook than earlier reports suggested.

Fanatics denies Amelco sportsbook deal

US sports apparel business Fanatics has denied a deal is in place with betting supplier Amelco to build a sportsbook for the brand.

Reports last week claimed that Fanatics had agreed a source code deal with Amelco as part of its plans to build a sports betting product.

“There is no deal in place with Amelco,” the spokesperson said, however.

Dazn to launch sports betting brand with Pragmatic deal

Sports streaming business Dazn has partnered with betting and gaming supplier Pragmatic Group in order to launch Dazn Bet – its own sports betting brand, which is set to soft launch in August.

Dazn will launch a new business, headquartered in Gibraltar, to operate sports betting under the new brand, which will do business “in multiple regulated territories”. The platform for this product will be provided by Pragmatic, through an exclusive multi-year deal with the media group.

Betway secures approval for Ontario licence

Betway has become the latest betting operator to receive registration for a licence in the newly regulated Canadian online gambling market of Ontario.

The Alcohol and Gaming Commission of Ontario (AGCO) confirmed that Betway’s licence had been issued yesterday (Tuesday) and would expire in two years’ time, on April 18, 2024.

New Jersey gaming revenue grows to $382.9m in March

Total gaming revenue in New Jersey came to $382.9m in March, up 17.8% from the same month in 2021, while sports betting handle exceeded $1bn.

March’s total also represented a 2.6% improvement on February 2022’s figures. The vast majority of the month’s revenue came from land-based gaming.

GLMS secures Ontario licence to offer integrity services

State lottery association Global Lottery Monitoring System (GLMS) has obtained a gambling licence from the authorities in Ontario as it seeks to support integrity services in the Canadian province.

GLMS will use the Alcohol and Gaming Commission (AGCO) licence to support its member, the Ontario Lottery and Gaming Corporation (OLG), with monitoring and education services. GLMS said the services are part of its activities to raise awareness of fighting the manipulation of sports competitions, thus supporting inter-jurisdictional and inter-stakeholder cooperation efforts to combat the global problem.

FanDuel selects Alcamo as chief people officer

Flutter brand FanDuel has appointed Tricia Alcamo as its chief people officer, where she will lead the operator’s human resources department.

In the new role, Alcamo will focus on culture development, talent acquisition, diversity and inclusion, organizational effectiveness, employment branding, learning and development, compensation and employee benefits.

DC betting revenue down 26.3% in March despite handle increase

Sports wagering revenue in Washington DC fell 26.3% year-on-year to $1.4m (£1.1m/€1.3m) in March, despite handle increasing 34.2% year-on-year.

Revenue for the month was down from the $1.9m posted in March 2021, but was 89.1% up from $740,542 in February of this year, which was the lowest monthly revenue total since July 2020.

Sands makes strategic investment in US Integrity

Integrated resorts operator and developer Las Vegas Sands has invested an undisclosed sum in sports betting integrity monitor US Integrity.

While the terms of the investment have not been disclosed, US Integrity said the operator’s backing would allow it to continue developing its regulatory technology platform.

Pennsylvania gambling revenue reaches record $432.5m

Gambling revenue in Pennsylvania amounted to a record $432.5m (£332.7m/€401.5m) in March after the state experienced all-time high revenue from igaming and retail table games.

Total market revenue was 14.8% higher than $403.1m in March last year and also 15.1% up from $375.7m in February of this year.

888 appoints media veteran Mittman to lead SI sportsbook

Betting and gaming operator 888 has appointed former Bleacher Report chief executive Howard Mittman as president for its US operations.

Mittman is an experienced media executive, having led sports website Bleacher report from 2017 to 2020. Prior to this, he served as chief revenue officer and publisher at Condé Nast brands GQ and Wired.

FanDuel and Pokerstars strike partnership with Toronto NHL, NBA teams

Flutter brands PokerStars and FanDuel have entered into a partnership with Maple Leaf Sports and Entertainment (MLSE), which owns Toronto’s National Basketball Association (NBA) and National Hockey League (NHL) teams.

The deal designates FanDuel’s sportsbook as an official sports betting partner of MLSE, while Pokerstars has been named as its official gaming partner.

Connecticut betting and igaming revenue reaches $25.0m in March

Connecticut’s betting and igaming market reported month-on-month revenue growth in March.

Gross gaming revenue for the market reached $25.0m (£19.1m/€23.0m) in March a 45.4% rise from $17.2m posted in February. Year-on-year comparisons are not yet available, as legal online gambling did not launch until October of last year.

TheScore Bet pens first partnership with Toronto Blue Jays

TheScore Bet, a subsidiary of Penn National Gaming, has entered into a 10-year partnership with baseball team the Toronto Blue Jays, becoming the team’s exclusive gaming partner.

The agreement is both the Blue Jays’ first gaming partnership and theScore Bet’s first professional team partnership.

Delaware igaming revenue rises 11.6% year-on-year in March

The Delaware Lottery reported an 11.6% year-on-year increase in igaming revenue during March, while player stakes also climbed 21.8%.

Revenue for the month amounted to $1.0m, an improvement on $897,781 in March 2021 and also 18.8% higher than the $843,247 recorded in February of this year.