Iowa’s regulated sports betting market has recorded a 36.4% month-on-month decline in revenue for November, after a rise in handle was accompanied by an increase in payouts to customers.
France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover. The budget amendments still require approval from the National Assembly before they can come into law.
Indiana’s regulated sports betting market saw strong growth in customer stakes in November, though revenue declined month-on-month, according to the latest figures from the Indiana Gaming Commission.
Webis Holdings, the parent company of WatchandWager, has announced a loss of $930,000 (£718,820/€844,335) for the 12 months to 31 May 2019, after the loss of a large wagering syndicate led to a significant year-on-year decline in customer spending.
Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn.
The latest figures from French gambling regulator L’Autorité de régulation des jeux en ligne (ARJEL) have shown the growth of horse race betting and poker has continued into the third quarter, with total revenue up 27.7% year-on-year.
New Zealand’s Racing Industry Transition Agency (RITA) reported revenue of NZD $348.0m (£123.6m/€144.2m/$158.7m) for the fiscal year ending July 31, down 3.1% year-on-year, as it missed its target for pre-distribution profit.
Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.
Rhode Island’s regulated sports betting market has reported a 61.5% month-on-month decline in revenue for July. However, mobile betting may soon launch in the state, with a roll out planned for the start of the National Football League season.
Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.
Sportech will continue to focus on reducing costs and continuing its “digital transformation” in the second half of the year after its pre-tax loss widened on the back of flat sales in the six months through to the end of June.
Mississippi’s regulated sports betting market has recorded a month-on-month decline in revenue for July, with amounts wagered also down over the month.
The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. The bulk of revenue was generated from the Schenectady-based Rivers Casino & Resort, which opened its sportsbook on 16 July.
Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.
New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals.
Australia’s Tabcorp has reported revenue of AUD$5.5bn (£3.08bn/€3.32bn/$3.71bn) for its financial year ended 30 June, 2019, strong growth in lottery revenue offsetting a decline in revenue from its Wagering & Media division over the year.
West Virginia’s sports betting market has reported revenue of $704,475.03 for the first five weeks of the state’s fiscal year, with Penn National Gaming’s Hollywood Casino at Charles Town Races maintaining its leadership of the market.
