As Ontario goes live with sports betting, market dynamics and regulation will dominate
Ontario’s regulation of online sports betting and casino is another major milestone for the North American industry and it will be interesting to see how the market dynamics will apply in a province that has had grey market activity for many years. From a regulatory perspective the Alcohol and Gaming Commission of Ontario will also […]
Read MoreNew York moves show sector in flux
The launch of PointsBet’s New York offering this week, hot on the heels of BetMGM, means we now have six of the nine possible operators live in the Empire State with the seventh, WynnBet, set to go live before the Super Bowl. But going by the comments from Bally chairman Soo Kim last month, the chances […]
Read MoreWho trades in the U.S.?
As the size of the online sports-betting opportunity has grown in the last three years, so has the wellspring of trading talent in the US. So why is PointsBet making claims otherwise? In comments during a company presentation to the Jefferies Digital Sports Betting and iGaming Summit in New York at the start of the […]
Read MoreThe market share squeeze
Wynn Resorts is the biggest name so far to suggest the marketing battle in US sports-betting is unsustainable, but earlier in the current results season, it was already evident that the pressure was telling. What Kindred and PointsBet had to say about their respective US businesses showed how the barrage of marketing witnessed since the […]
Read MorePointsBet feels the squeeze
The top line Net win rose 82% YoY to A$69.5m ($52.2m) with sports-betting up 76% to $67.3m and igaming contributing A$2.2m. Australian net win rose 56% YoY to A$54.8m while the US more than trebled to A$14.7m. PointsBet is live in seven US states with launch plans in 11 more in the next 14 months […]
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