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ILLINOIS SPORTSBOOKS HIT $140 MILLION IN AUGUST DESPITE OBSTACLES Overcoming inconsistent remote registration and limited sportsbook options, Illinois now the fifth-largest legal market in the U.S., according to PlayIllinois

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ILLINOIS SPORTSBOOKS HIT $140 MILLION IN AUGUST DESPITE OBSTACLES Overcoming inconsistent remote registration and limited sportsbook options, Illinois now the fifth-largest legal market in the U.S., according to PlayIllinois

 

Illinois online and retail sportsbooks attracted $140.1 million in bets in August, making the state the fifth-largest legal market in the U.S. The state’s rapid ascension comes even as in-person registration rules remain inconsistent and tenuous, and without the largest operator in the country for much of the month, according to PlayIllinois analysts.

“August’s results are a testament to just how lucrative a market Illinois truly can be,” said Dustin Gouker, lead analyst for PlayIllinois.com. “In-person registration was stunting growth, and that ended on Aug. 21. And FanDuel did not launch until the end of the month. Even with that, Illinois found itself ahead of Colorado, which has matured much more quickly, and on the heels of Indiana, the country’s fourth-largest market.”

The $140.1 million wagered in August was up 167% from $52.5 million in July, according to official reporting released Tuesday. That is more than Colorado’s $128.6 million in August, but less than neighboring Indiana’s $169 million.

August’s bets produced $7.2 million in adjusted gross revenue statewide, which yielded $1.2 million in taxes.

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Without football, Illinois’ strong August performance came almost entirely on the power of the Major League Baseball, NBA, and NHL games. It was helped by remote registration — which allows bettors to sign up for an account without ever physically appearing at a state sportsbook — for the last 10 days of the month.

“The NFL will generate far more interest, and with mobile registration back for all of September, the pool of bettors will certainly grow significantly,” Gouker said. “August is really just a first taste of what Illinois can do as a market.”

BetRivers/Rivers Casino in Des Plaines — which had a significant head start on its competition — was by far the state’s largest revenue producer. BetRivers/Rivers Casino accepted a whopping $118 million in online and retail bets, yielding $6.3 million in adjusted gross revenue.

DraftKings — the nation’s No. 2 online sportsbook, operating under the Casino Queen license in Illinois — drew in $13.1 million in online bets. Rival FanDuel — the nation’s No. 1, which is partnering with Par-A-Dice Casino — attracted $4.2 million in bets after launching Aug. 28.

“BetRivers’ head start is a massive advantage that both FanDuel and DraftKings will have to try to overcome,” Gouker said. “But they are the two largest operators for numerous reasons, and it will be interesting to watch how long it will take for those two to eat into BetRivers’ market lead.”

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For more information and analysis on regulated sports betting in Illinois, visit PlayIllinois.com/news.

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Aposta Ganha launches Black Friday promotion with new ambassador Luva de Pedreiro

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Aposta Ganha launches Black Friday promotion with new ambassador Luva de Pedreiro

 

Aposta Ganha, the fastest growing Brazilian sports betting and casino site in Brazil, has launched its Black Friday promotion with its newest ambassador Luva de Pedreiro, AKA Bricklayer’s Glove.

With over 21 million followers on Instagram, the digital influencer and social media phenomenon will strengthen the brand’s presence in the market and shake up Black Friday with a campaign full of special offers for bettors.

Known for his catchphrase “Receeeeba!” and his irreverent personality, Luva de Pedreiro will be the main face of the campaign, creating a direct connection with the public, football fans and social media enthusiasts. The partnership aims to increase Aposta Ganha’s visibility in the market, attract new bettors and offer an even more dynamic experience.

Aposta Ganha is taking advantage of Black Friday to reinforce its commitment to ethical and transparent operations in the market. The platform complies with the new regulations of the Federal Government and invests in education and awareness initiatives, ensuring a safe experience for its users.

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Vitor Paulin, Chief Marketing and Growth Officer at Aposta Ganha, said: “Signing an ambassador like Luva de Pedreiro is a huge milestone for Aposta Ganha. His authenticity and connection with the public make him the ideal partner to boost our brand and make the betting experience even more exciting.”

Aposta Ganha’s Black Friday brings unmissable offers for all types of bettors. One highlight is that bettors will receive 10% cashback on the amount lost in the Aviatrix game and daily offers for sports betting. The promotions will be valid from November 21 to 30, with exclusive advantages in selected games each day.

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MAJOR LEAGUE BASEBALL SELECTS SPORTRADAR TO TRANSFORM PLAYER TALENT SCOUTING FOR ALL 30 CLUBS

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MAJOR LEAGUE BASEBALL SELECTS SPORTRADAR TO TRANSFORM PLAYER TALENT SCOUTING FOR ALL 30 CLUBS

 

Sportradar today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs.  This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovative and game-changing solutions to the league.

Under the agreement, MLB and its 30 Clubs will gain access to an unprecedented depth of player analysis and insights with event coverage expanding significantly, from 3,300 to more than 20,000 games – an over 600% increase. This includes college, international, professional partner leagues and leading amateur leagues, such as the MLB Draft League, the Appalachian League and MLB Develops events, and, for the first time, top high school events.

The Synergy Coaching and Scouting solution is uniquely positioned to address the player evaluation needs of MLB as it leverages Sportradar’s expertise ingesting and transforming millions of data points from video into detailed metrics, actionable insights and dynamic visualizations. This, combined with Sportradar’s AI-powered sports performance technology, enables Synergy to provide unparalleled, in-depth analysis of every player, play and game situation, and equips MLB and Club scouts with the information and insights they need to streamline the evaluation process, guide draft decisions and support the development of future MLB players.

“Sportradar’s cutting-edge technology, alongside our reputation as a trusted partner to leading US sports leagues, is driving the transformation of sports performance analysis,” said Eduard Blonk, Chief Commercial Officer, Sportradar. “Through Synergy we are pleased that we are expanding our relationship with MLB, equipping them with the deep data and insights they need to identify the next generation of players. We are eager to continue bringing innovative solutions to MLB.”

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“We are excited to expand our relationship with Sportradar and ensure equal access to the Synergy video and data services for all 30 MLB Clubs. This platform has become a key resource for Clubs in the domestic and international scouting process and we look forward to continuing our work with Sportradar in the coming years,” said John D’Angelo, MLB’s Sr. Vice President of Amateur and Medical Operations.

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Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth

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Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth

 

U.S. commercial gaming revenue reached $17.71 billion in Q3 2024, the industry’s highest-grossing Q3 on record, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This makes Q3 2024 the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue.

Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8.0 percent ahead of 2023 and putting the industry on track for a fourth straight record revenue year.

In Q3 2024, 29 of the 35 commercial gaming jurisdictions operational last year saw increased year-over-year revenue. This growth resulted in an 8.9 percent year-over-year increase in state and local taxes tied directly to gaming revenue, with commercial gaming operators contributing $3.79 billion in taxes across the quarter.

Quarterly revenue from land-based gaming – encompassing casino slots, table games and retail sports betting – totaled $12.56 billion, 0.62 percent lower than Q3 2023. Meanwhile, combined revenue from online sports betting and iGaming totaled $5.14 billion in Q3 2024 as online gaming made up 29.0 percent of commercial gaming revenue, a significantly higher share than in Q3 2023.

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Looking at each sector in Q3 2024:

  • Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a contraction of 0.9 percent year-over-year.
  • Legal Sports Betting: Americans legally wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue (+42.4% YoY). Recent market launches in Kentucky, Maine, North Carolina and Vermont contributed to this growth.
  • iGaming: iGaming generated $2.08 billion in revenue, marking a 30.3 percent year-over-year increase.

“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue,” said AGA Vice President of Research David Forman. “More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”

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