SPORTS BETTING GROWTH DRIVES PA GAMBLING REVENUE UP 7.9%

Posted on October 31, 2022 by index

Gambling revenue in Pennsylvania increased by 7.9% year-on-year in September following a 77.7% jump in sports betting revenue. Total gambling revenue for the month amounted to $448.5m (£399.5m/€459.1m), which was ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year. Retail slots remained by far the main source of revenue for operators in Pennsylvania during September, though revenue from this area of the market fell 0.2% to $198.5m. Retail table games revenue was also down 2.9% to $81.6m.

However, these declines were more than offset by growth in almost all other sections of the state’s market, including sports betting where revenue rocketed from $28.3m in 2021 to $50.2m this year. Of this total, $43.0m came from online wagering, with the remaining $7.3m generated at retail sportsbooks. Sports betting handle was also up 11.5% year-on-year to $645.2m. Continue reading →

SPORTS BETTING SEASON PUTS LONG-STANDING FOCUS ON GAMBLING STOCKS

Posted on October 20, 2022 by index

The start of football season and increasing acceptance of online sports betting has all eyes on gambling stocks. Shares of DraftKings Inc (NASDAQ:DKNG), FanDuel owner Flutter Entertainment PLC (LON:FLTRF), and Barstool Sports backer Penn Entertainment (NASDAQ:PENN) are all up this month after the start of NFL season.

The American Gaming Association estimates a record 46.6 million American adults, or 18%, will place bets on NFL games, up 3% from last year. Sports betting is currently legal in 36 states and Washington, D.C., the association said, and 18 of the 22 states that have NFL teams have legalized sports betting. Continue reading →

BETTING GIANTS ENTAIN AND FLUTTER TO REVEAL IMPACT OF COST CRUNCH

Posted on September 17, 2022 by index

Entain, which also owns Coral, said last month that online gaming revenues dipped over the first half of 2022. Two of the UK’s biggest gambling firms are set to disclose the impact of more cautious UK punters, as household spending comes under pressure from turmoil in the economy. Investors of Ladbrokes owner Entain and Paddy Power’s parent firm Flutter will be hoping that profits have been protected despite worries over consumer sentiment, when they deliver half-year updates next week.

Shareholders will also be looking for signs of robustness as the wait continues for the Government to unveil its latest gambling white paper which could impose new restrictions on the sector in the UK. Both firms have however shielded themselves somewhat from the shaky UK market with strong growth in the US, where they have benefited from loosening betting laws in many states. Entain, which also owns Coral, said last month that online gaming revenues dipped over the first half of 2022. Continue reading →

SPORTS BETTING SITE RANKS PATRIOTS NO. 2 IN FAN HAPPINESS

Posted on July 25, 2022 by index

One sports betting site says its research shows Patriots fans are among the happiest in the NFL, only ranking below the New Orleans Saints. The site, OLBG, said its results were based on social media activity of U.S. professional teams — the Red Sox ranked seventh in baseball, and the New England Revolution were sixth in MLS. Second-ranked Patriots fans are likely seeing an additional boost in joy as players will report to training camp in Foxborough on July 26, with practice set to start the following day.

OLBG said the Patriots fan base ranks high in happiness, based on the team’s average likes on its Twitter and Instagram pages, and the ratio of “love” to “angry” reactions on content published about them on Facebook through BuzzSumo. Social media tracker Social Blade was also used to compare the team’s number of followers, likes and posts to further determine the happiness ratio. Overall, NBA fans are happiest, followed by the MLB and NFL. Continue reading →

FRANCE EYEING FIRST NATIONS LEAGUE WIN

Posted on June 23, 2022 by index

Defending champions France are eyeing their first win of the recently started UEFA Nations League campaign ahead of their visit to Zagreb to take on Croatia in a repeat of the World Cup final in Russia some years ago which France won via a 4-2 scoreline to seal their second World Cup title and a first World Cup title in twenty years. France won the second edition of the UEFA Nations League by coming from behind to beat Spain 2-1 in the final and they are one of the favourites to win the third edition of the competition also known as the 2022/23 UEFA Nations League.

France are in Group A1 of the current UEFA Nations League campaign alongside Denmark, Austria and Croatia. The world champions were stunned at home by Denmark in their first game in the group. France were favourites to win the Denmark game according to the soccer betting odds from various soccer betting sites, but they didn’t live up to the status despite taking the lead. Continue reading →

ARSENAL FAVOURITES FOR LEEDS CLASH

Posted on May 20, 2022 by index

North London giants Arsenal are overwhelming favourites to pick the three points at stake ahead of their home game with Leeds United in the Premier League. The Gunners are favourites for the game according to the soccer betting odds from various soccer betting sites.

Arsenal are targeting a fourth straight league win ahead of the visit of a Leeds United team looking to bounce back from the thrashing handed out to them by Manchester City in their last league game. They were massive underdogs during the City game according to the soccer betting odds from soccer betting sites and that was what happened on the pitch as they barely laid a glove on Manchester City. By the time Leeds United took on holders Manchester City in the league, they had dropped to second spot thanks to the slim 1-0 victory recorded by Newcastle United over Liverpool. Manchester City needed to beat Leeds United to return to the top of the table a d they did just that via a 4-0 scoreline with Brazil international Gabriel Jesus getting one of the goals. The English champions were able to return to the top of the table as a result of the big win. Continue reading →

UCL: LIVERPOOL FAVOURITES FOR VILLARREAL CLASH

Posted on April 30, 2022 by index

Merseyside giants Liverpool are favourites ahead of their home game with Spanish La Liga outfit Villarreal in the first leg of their UEFA Champions League (UCL) semifinal tie. This is according to the soccer betting odds from various soccer betting sites.

Liverpool are not only the favourites for their first leg meeting with Villarreal , they are also favourites for the two-legged tie according to the soccer betting odds from soccer betting sites worldwide. Continue reading →

FA CUP: LIVERPOOL FAVOURITES FOR NORWICH

Posted on March 11, 2022 by index

Newly crowned Carabao Cup champions Liverpool are massive favourites ahead of their FA Cup fifth round clash with fellow Premier League team Norwich City at home according to the soccer betting odds from various soccer betting sites.

Liverpool will face Norwich City for the right to win a place in the last eight of this year’s FA Cup campaign a few days after they saw off Chelsea to win the Carabao Cup for the first time in a decade. Liverpool and Chelsea were almost inseparable in their Carabao Cup final clash at the Wembley Stadium on Sunday evening with the two teams missing chances to get at least a goal in regulation time or extra time. In the end, penalty shootout was employed to determine the recipient of thisseason’s Carabao Cup title with substitute Chelsea goalkeeper KepaArrizabalaga missing the decisive penalty to give Liverpool the Carabao Cup title via an 11-10 scoreline at the end of the shootout. Continue reading →

BASIC TIPS TO HELP YOU BECOME GOOD AT SOCCER BETTING

Posted on February 14, 2022 by index

Soccer betting is mostly not a friendly thing to venture into. This is because most times, you lose more than you win and there’s really little or nothing you can do about it. Generally speaking, gambling requires certain traits from you as a gambler and even though it is not really a guarantee that you will become a pro at it, it is somewhat cool to have some of these basic ideas. Soccer betting, like every other betting forms, firstly requires you to have a vast knowledge about the sports, the team, and the players involved in the team you’re going to be rooting for.

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Betting that a team will emerge winners of an encounter against another team means that you trust them and before you do trust them, you must at least know a few things about them. Whether you are betting for your favorite team to emerge winners or not, imyou also have to know a few things about the opposition team. Knowing one or two things about the two teams involved will guide you in making better decisions and predictions and this is very important if you want to become good at it. Below are some basic tips you need to have in mind to become better at soccer betting.
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LIVERPOOL FAVOURITES FOR BRENTFORD CLASH

Posted on January 22, 2022 by index

Premier League title contenders Liverpool are the overwhelming favourites ahead of their league encounter with London team Brentford who were one of the three new teams in the English top flight. Brentford secured promotion by beating Welsh team Swansea City in the final of the Championship playoffs, while Norwich City and Watford had earlier bagged the two automatic slots.

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Brentford would be guests of Liverpool in the Premier League this week and the hosts are the favourites according to the soccer betting odds from various soccer betting sites. The Reds have a date with Arsenal at home in the first leg of theirCarabao Cup semi-final tie before the Brentford game at the weekend. The Carabao Cup game between Liverpool and Arsenal is scheduled to take place on Thursday night and the Gunners are the underdogs according to the soccer betting odds from soccer betting sites.

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