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Super Bowl 2023 Commentary – Zak Cutler, President of Global Gaming, Paysafe
Super Bowl LVII – pitting the Kansas City Chiefs against the Philadelphia Eagles at Glendale’s State Farm Stadium in Arizona – will make U.S. online sports-betting history, as the first time America’s biggest sporting event plays out in a state where iGaming is regulated. Smart phones are now the go-to device for U.S. online sports bettors, with 54% of American players wagering with either an iPhone or Android phone, according to our Q4 2022 research. We can expect to see both Chiefs and Eagles fans in the State Farm Stadium placing bets live on their phones before the game and as it’s played.
“And beyond the stadium itself, betting volumes will almost certainly surge. American online sports bettors tend to wager more than other global players, with the average U.S. player wagering $97 compared to $59.1 in the mature U.K. iGaming market and $47.3 in the Canadian province of Ontario, according to our recent research. But we can expect U.S. players’ bets to increase even more for the Super Bowl, with our recent research indicating that players’ wager sizes rise around major sporting events – and there is no event bigger than the Super Bowl.
“Connected to this, Super Bowl LVII will almost certainly attract more high-stakes, VIP sports bettors than an NFL regular season game. You’ll see sportsbooks tailoring their payment stacks and cashiers to serve this player segment, with the need to offer payment methods supporting higher deposit limits like our Skrill digital wallet. In addition, a digital wallet tends to be the go-to alternative payment method (APM) for all players, but it’s a VIP’s favorite payment method among all other solutions, according to our Q4 research. In short, we expect a surge in demand for our Skrill solution as we count-down to Sunday and on the day itself.
“And in terms of the bigger picture, we’ll likely see payment volumes break new records for Super Bowl LVII. We saw volumes pretty much double between 2021 and last year’s Super Bowl, and expect similar or even great growth this year, with the regulated North America iGaming market having expanded over the last 12 months to include Ohio, Maryland, Kansas, and Arkansas, as well as Ontario, Canada’s most populated province.” – Zak Cutler, President of Global Gaming, Paysafe.
In response to the recent and devastating floods in Rio Grande do Sul, which have displaced over 100,000 people and severely affected 70% of the state’s municipalities, Betmotion, through its Corporate Social Responsibility project, BetSocial, is mobilising efforts to assist the victims of this catastrophe.
BetSocial has launched an initiative to support the actions of the NGOs Ação da Cidadania and CUFA, which are leading the charge in providing immediate aid to the impacted communities. At this critical moment, BetSocial is reinforcing the call for everyone to unite in solidarity and make donations that will be crucial for reconstructing affected lives.
“The tragedy that has struck Rio Grande do Sul requires a swift and coordinated response. At Betmotion, we believe in the power of solidarity and in our community’s ability to make a difference in times of need,” states Bianca Passos, founding member of BetSocial. “Every contribution, no matter how small, has a significant impact on the lives of those facing such difficult days.”
To facilitate donations, BetSocial has provided information on how to make contributions via PIX to the two partner organisations:
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Ação da Cidadania: [email protected]
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CUFA: [email protected]
Betmotion and BetSocial thank you in advance for your support and solidarity. They reiterate their commitment to work to alleviate the hardships faced by this catastrophe’s victims and continue promoting significant social impact actions.
NBC Sports will continue to present the Kentucky Derby on NBC and Peacock through 2032, as Churchill Downs Incorporated (CDI) and NBC Sports announced a multi-year extension of their partnership.
The extension of the NBC Sports-Churchill Downs relationship – which began with the 2001 “Run for the Roses” – will make NBC the longest running home of the Kentucky Derby, as NBCUniversal will become the first media company to present the most prestigious event in horse racing for three decades (32 editions of the Kentucky Derby from 2001-32).
“As we celebrate the 150th running of the Kentucky Derby, Churchill Downs is proud to extend the relationship with NBC Sports. As our media partner for the last 23 years, NBC has artfully captured the most exciting two minutes in sports and the spectacle of the senses that surrounds it,” said Churchill Downs CEO Bill Carstanjen.
“Telling the rich stories surrounding the Kentucky Derby on the first Saturday in May is part of the fabric of NBC Sports, and we are thrilled to continue that tradition with Churchill Downs. We look forward to surrounding the Kentucky Oaks and Kentucky Derby with wall-to-wall coverage and extensive promotion on the platforms of NBCUniversal,” said Rick Cordella, President of NBC Sports.
The extension includes multiplatform rights to the Kentucky Derby, Kentucky Oaks, and Derby and Oaks Day programming, which will be presented on NBC, Peacock, USA Network, and additional NBCU platforms.
SCCG Management announced a strategic partnership with Globe Gaming Limited, aiming to significantly extend its global reach with a focus on the European market. This collaboration marks a significant milestone in SCCG’s efforts to broaden its influence in the gaming and sports entertainment sectors internationally.
Founded in 2022 by industry veteran Wayne Stevenson, Globe Gaming is a consultancy known for its high-caliber partnerships across various sectors including retail gaming, online gaming, racecourses, lotteries, and football clubs. With 35 years of experience, Stevenson has cultivated a valuable network that enhances business relationships and drives value in the European and global markets.
Wayne Stevenson, Founder and CEO of Globe Gaming, said: “I am delighted to be working with Stephen and his SCCG Management team. I consider SCCG to be the leading advisory firm in the world and to be working in partnership with them is incredibly exciting. Combining the expertise of Globe Gaming and SCCG Management creates endless opportunities.”
Stephen Crystal, Founder and CEO of SCCG Management, said: “Our collaboration with Globe Gaming Limited is a strategic step towards enhancing our global presence, particularly in Europe. Wayne’s extensive experience and his network’s strength align perfectly with our mission to innovate and lead in the gaming industry. We are excited about the possibilities this partnership opens up for both companies.”
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