Michigan promo spend heading south
Summary: Spend on promotions and free bets among the operators in Michigan as a percentage of handle fell by almost half month-on-month in March and was also down by 200bps on the levels in March 2021, according to analysis from the team at Wells Fargo. Why it matters: The market will be eyeing the fall […]
Las Vegas Sands invests in US Integrity
Summary: Las Vegas Sands has placed a “strategic investment” in match-fixing analytics firm U.S. Integrity, according to a company statement released Tuesday. Why it matters: U.S. Integrity monitors match-fixing, game fixing and other illegal sports betting-related activities; Las Vegas Sands is a global casino and resort developer, but does not have its own in-house sportsbook.Beyond […]
Missouri bill movement tweet
@iDEA_Growth: MISSOURI: Senate Appropriations Committee meets today and is expected to discuss/vote on #sportsbetting bill. This would clear the path to a full Senate vote in the next few weeks. Session adjourns on 05/13.
Better Collective adds to esports biz with $113m acquisition
Summary: Affiliate marketing giant Better Collective has added to its portfolio of esports offerings with the $113m (€105m) acquisition of soccer media brand Futbin. The cash and shares deal expands Better Collective’s footprint beyond its CS:GO-based HLTV business bought in February 2020. Why it matters: Better Collective makes the point that the deal diversifies its […]
Wells Fargo on NJ handle
New Jersey data counters fears of the New York effect”With New York’s OSB launch in early January and a general concern that there will be some cannibalization, we note that March’s report shows the third consecutive month of year-on-year handle growth in excess of 30%.”- Daniel Politzer, Analyst, Wells FargoApril 18, 2022