Washington State got another sportsbook as the FanDuel Sportsbook opened at Suquamish Clearwater Casino Resort. NFL Legends Jim Zorn and Steve Largent were present in the ribbon-cutting ceremony of the sportsbook.
Also, Largent placed the first wager on LA Rams to win the Super Bowl. On the other hand, Zorn placed a bet on Cincinnati Bengals to win the Super Bowl.
Becoming a bookie is nothing new to FanDuel. The opening of the sportsbook is right on time for the Super Bowl. Also, the FanDuel Sportsbook is strategically placed near the casino floor. The new sportsbook has a floor area of 2,086 square feet. Also, it features three live wagering windows and twelve IGT PlaySports self-service wagering stands. Players visiting the casino resort can enjoy the retail sports betting experience that FanDuel is known for in other states. The sportsbook provides a game-day atmosphere with betting options across all significant sports events.
New Hampshire is not only very close to hitting $100 million in monthly wagers, but also set the state’s sports betting record. With $98.19 million in total monthly sports betting handle, New Hampshire sportsbooks have seen the best month since the market launched. Many a pay per head bookie has reported record-high handles across many sportsbooks for October. Let’s talk about the numbers for October.
The state’s total monthly sports betting handle for the state is 44.1% higher than that of September’s $68.1 million. And if we look at the year-on-year data, we have a 108.7% increase from October 2020’s $47.05 million. This is a noteworthy handle because New Hampshire only has one sportsbook, run by DraftKings. As the sole sports betting software running in the state, they agree to turn over 51% of their sports betting revenue to the state.
The Oregon bookie industry enjoyed a whopping 41.8% increase in betting handle in September. For those in the process of learning how to become a bookie, this is encouraging news, as it shows how the market continues to grow. The total sports betting handle reported by the state for the month of September is at $25.1 million, 41.8% higher than August’s $17.7 million.
This handle is actually lower than the same month last year, by around 4.2%, as Oregon had a sports betting handle of $26.2 million back in September 2020. Revenue is higher as well, with $1.3 million being 18.5% higher than August’s $1.1 million. As for revenue, the year on year numbers are lower as well, with the $1.3 million for September 2021 being 17.5% lower than that of September 2020’s $1.5 million.
If you look at sportsbook pay per head sites, you will see their news full of states in the US that are experiencing a drop in sports betting. While this is worrying to some, it is a normal trend that happens this time of year. And if you think that it is only your sportsbook with dismal numbers, think again, as even Nevada is seeing a drop in sports betting for July.
The culprit, as you would see in your sports betting software, is the lack of sports events. Since it is summer, there are fewer sports leagues in season. And in the case of the US, the NBA is out until October, the NFL will not start until July. You do see some action in baseball and other sports, but without basketball and football- both professional and collegiate, then expect your numbers to stay low.
International sports betting and casino operator Tipico plans to takeover William Hill operations in Europe. The operator is one of the companies that want to buy William Hill's European sports wagering shops. Also, its bid is more than $2 billion.
According to pay per head reports, The German gambling company is one of the bidders who want to control the sports betting giant's high street shops. Also, it would go against several investment firms and operators, including 888 Holdings, Betfred, and Apollo Global Management.
In 2016, CVC Capital Partners bought Tipico. It would also fund most of the bid for William Hill's European assets. Also, gambling news sources described Tipico as a credible bidder. Finally, Caesars Entertainment acquired William Hill through a multi-billion-dollar deal. It was the most significant merger in modern gambling history.
Tipico Plans to Takeover William Hill
Since the procurement of William Hill by Caesars, it plans to sell the organization close by its tasks outside of the US. According to gambling and other sports news sources, Caesars employed Deutsche Banking to start a sale. The assumption is to surpass the possible cost of £1.5 billion because of the excessive interest.
After the budget bill signed into law, lawmakers are looking for the next issue to tackle after the summer break. Among the topics that are more likely to be discussed is the future of Ohio sports betting.
The Ohio Senate made a late push for the legalization of sports betting before the June 30 deadline for the budget. However, House Speaker Bob Cupp stopped the bill because he wanted to conduct hearings on it.
According to pay per head software reports, the Senate spent several months on Senate Bill 176. The bill would allow betting on sports, along with other forms of gambling that include e-bingo. Also, it explored the possibility of online lottery games.
Ohio Sports Betting Bill
A group of professional sports teams in Ohio supported the legalization of sports wagering. They said that neighboring states already enjoy the benefits of having legal sports gambling. Also, the coalition said that it is a way to engage fans.
In 1981, the Buggles released the first music video for their song Video Killed the Radio Star. According to the song’s writer, the idea for the song is that technology is changing everything. He saw video as the future. At present, some people are wondering if online betting will kill retail sportsbooks.
Online betting began in the mid-1990s, with most operators based in the Caribbean. In the next couple of years, more online sports betting sites were launched, including William Hill. Also, there was an online poker boom in the 2000s. However, it was only recently that online sports wagering became more popular worldwide.
In the US, almost half of the states legalized sports betting. Nine of them allow mobile wagering without in-person sign-up requirements. Also, New Jersey overtaken Las Vegas in sports betting handle, with most of them came from mobile bets.
Online Betting Kill Retail Sportsbooks
From 2019 to 2020, retail sportsbook revenue dropped due to the pandemic. However, online sportsbooks continued their success during that time. White label sportsbook experts expect mobile betting to continue its upward trend in the next couple of years.
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