A recent market report by Betsson, in collaboration with GambleID and Sports Handle, has unveiled intriguing insights into US sports betting habits. Released on June 12, the report found that 59% of bettors place daily bets, with 33% betting weekly. The study, which surveyed operators and known sports bettors, showed that the majority of participants are male, primarily aged between 25-34 and 35-44.

Interestingly, 43% of bettors have downloaded more than five betting apps, and only 5% remain loyal to a single product. The most popular betting type is the point spread, favored by 81% of respondents, followed by moneyline bets at 69% and over/under bets at 63%. Proposition bets were chosen by 54%, with recent scrutiny on college prop bets in the US due to calls for a ban in several states.

Betting Preferences and Popular Sports

When it comes to monthly deposits, 37% of participants reported spending less than $100, while 10% spent between $1,000 and $4,999. Only 1% reported spending $10,000 or more. Football emerged as the top sport for betting, with 92% of respondents placing it in their top three, followed by basketball at 66% and golf at 27%.

The least popular sports included esports and boxing, each selected by only 1% of respondents. Most bettors prefer using mobile apps for their bets (52%), with 22% opting for online platforms and a mere 2% using retail sportsbooks. DraftKings leads in app awareness, recognized by 93% of respondents, followed by FanDuel at 92% and Caesars Sportsbook at 89%.

Preferences for Betting Platforms and App Features

DraftKings also topped the list of preferred betting platforms, with FanDuel trailing closely. Bettors desired improved app latency (54%) and personalized bet suggestions (24%). A significant number also rated better integration with social media platforms (19%) as a desirable feature.

The survey revealed that 20%-30% of first-time bettors become repeat customers, with odds, user experience, and promotions being key factors in selecting a betting site. The report highlighted an increased demand for more betting options and better odds, particularly via mobile devices.

Related Findings and Industry Insights

The report noted that the sample size for operators was small, with only seven respondents licensed in states such as Arkansas, Colorado, Maryland, Nevada, and New Jersey. These findings provide valuable insights for the industry, indicating a strong preference for diverse betting options and the importance of user experience in retaining customers.

Source: “Sports Handle report: 59% of sports bettors wager daily, novelty markets enticing new customers”. June 14, 2024.

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The fifth edition of the event is going to reunite a number of prominent teams from the world of Counter-Strike: Global Offensive, including Heroic, Astralis, and Fnatic. Those are some of the top-performing teams according to HLTV.org, a media specializing in the coverage of the video game’s competitive scene.

Bringing Quality CS:GO Events to Esports Fans

Pinnacle Cup V will see Pinnacle, the sports betting company hosting the iconic series, continue its data partnership with GRID, and expand its collaboration with Eden Esports on production. Pinnacle Cup will in the meantime remain a format where teams of different skill levels can still come forward and showcase their skills and abilities. Commenting on these developments, both companies expressed their excitement to be a part of the new format.

GRID Esports head of sponsorships Harry Wiggett said that by choosing to stick with his company, Pinnacle was securing access to top-class entertainment for CS:GO fans with data at the core. Wiggett added:

Pinnacle’s commitment to contribute to the esports scene’s sustainability is unparalleled, and the fact that we are working together on the Pinnacle Cup project for the third consecutive year is the best testimony to our shared values and aligned vision.

GRID Esports head of sponsorships Harry Wiggett

The format features a Play-In stage which will see participating teams play in a Swiss Stage format and then make it into the Playoffs.

Teams of Varying Levels Headed into the Pinnacle Crucible

The Swiss Stage will have teams such as Spirit, ECSTATIC, Aurora, and EYEBALLERS compete for a chance to progress further. The winning team of the event will secure the bulk of the $50,000 prize pool as they go along. Last year, Heroic emerged victorious in Lund, Sweden.

Pinnacle has made a commitment to bring the event to global audiences and the event will be streamed in both English and Russian via the company’s Twitch channels. There will also be a stream available on the company’s YouTube channel. Pinnacle is also one of the earliest adopters of esports betting solutions.

The company started offering esports bets way ahead of other sportsbooks and bookmakers in the markets. In the early days, Pinnacle was one of the very few companies to make this vertical profitable. This was owing to the company’s innate understanding of the segment.

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The Nevada Independent reported on Friday that a bill was to be introduced that day into the state Senate outlining the amount of state funding lawmakers were willing to tentatively commit to funding a new stadium for the Oakland A’s MLB baseball team on land provided by Ballys’ Tropicana Las Vegas. The nine-acre plot is part of 35 acres owned by GLPI and leased for 99 years by Bally’s. The proposed stadium and entertainment site sits on a contiguous plot of land along with the casino resort hotel.

A financing package, capped at $380 million in public funds was proposed later that day in the bill with those funds contributing to the overall expected cost of the project being $1.5B.

Governor’s Office Introduced the Measure

According to updates and later reporting by the news source, a good portion of the previously announced funding structure carried over from discussions to the written proposed legislation. The draft, seen by reporters there prior to being introduced at the capitol was the first glimpse in writing of the scope of a potential financing agreement that includes $120m from Clark County (where Paradise, Nevada “The Strip” is located), and $180m in tax credits (transferable) by the state.

The Governor’s office itself introduced Senate Bill SB509 which foresees the management of a Stadium Authority undertaken by a 9-member board. The Stadium Authority itself has been authorized since 2016 and the venue it oversees and manages would reportedly be named Allegient Stadium.

Since no new revenue-based funding would be needed, only transferable tax credits, a simple majority vote in both houses of Congress, and a signature by Governor Joe Lombardo who has been in office since January of this year is all that is needed for the measure to become law. A more detailed look at the tax credits shows them to consist of tax-increment financing (TIF district) to repay county bonds and a 30-year-long exemption from taxes. GLPI/Bally’s would allow the use of the property for zero fees and create their own revenue from it by means other than rent or lease costs to the Stadium Authority or ball club.

The ball club itself would be responsible for any over-runs in costs, rather than the county or state, and the property tax exemption would be separate from the private portion of the funding needed to bring the project to fruition.

Adding to the public good and mitigating any potential unseen impacts of the deal, the measure would require the county to create a “resort corridor homelessness prevention and assistance fund”. There would be no financial input from the Authority of the project until construction is completed and then only after debt obligations are met. It would be managed by a partnership with the Nevada Resort Association and the Oakland A’s and will seek to reduce homelessness throughout the Southern Nevada resort corridor.

The corridor, which includes the Las Vegas and Reno areas, has a higher homeless rate than the national average with the Reno area suffering the greatest incidence count between the two. However, it has recently been estimated that as many as 1,500 people live “like moles” beneath the Strip area in tunnels mostly to escape the heat.

Unhoused Population Would Get Help from Funding Scheme

Stated reasons for the higher homeless rate include inflation, high rent, and unemployment. Direct studies of problem gambling and homelessness by causation are few and far between. While the number of homeless people in Nevada could be 3x as many as the national average it’s unclear how baseball or expanded gambling at Bally’s Tropicana Las Vegas would contribute to the problem so the fund should probably be seen simply as a way for lawmakers to capture a financial opportunity to address a very real need in the area with “found money” rather than a mitigation measure.

Earlier, the athletic club had sought $500m in public funding to relocate to a new stadium in Las Vegas but abandoned that plan when the Bally’s opportunity presented itself to them, saving the public some $120m over the previous “ask”.

The Oakland A’s AAA Farm Team, the Las Vegas Aviators of the Minor league have been in the valley as Oakland affiliates since 2019 with the club’s origins in the valley going back to 1983 as the Aviators and under other names, affiliations, and locations since 1919. The Oakland A’s have been seeking a move from California to Las Vegas since at least September 2021 amid trouble securing a new stadium in Oakland. The current arena was first opened in 1966 and last renovated in 2017 after only one other refurbishment in 1995-1996.

The Independent reports that all is not a smooth slide to home base with the deal as the Republican governor and Democratic lawmakers are struggling to address overall budget issues with less than two weeks left in the regular legislative session. Senate leaders and the governor have seemingly used stadium approval as a bargaining chip to get their way. It’s not out of the question for a special legislative session to be called to extend lawmaking business, but it’s unclear if the stadium proposal would survive such a measure or if the governor might try to use his veto power on individual segments of the state’s budget in an attempt to exert power of the Democratic lawmakers or simply keep the government running.

Fast Tracking of Bill Possible

However, special legislative rules do allow for the fast-tracking of certain bills, bypassing the regular parliamentary (bureaucratic) process and allowing lawmakers to amend important measures much quicker than normal. As the measure was introduced in the Senate it would presumably be passed there, be forwarded to the House for approval, and then arrive on the Governor’s desk for his signature or veto.

Source: A’s stadium bill language arrives, caps public financing at $380M, The Nevada Independent, May 26, 2023

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This comes at a time when the country is preparing to welcome ample changes to the gambling industry. The period has been long and fraught with a White Paper review expected to drop on Thursday, April 27 and change much about how the industry is regulated.

Reaffirming the UKGC’s Commitment to Consumers and Employees

Over the years, there have even been calls to completely overhaul the UK Gambling Commission or, in more extremist views, scrap the regulator in its current form due to its “inefficacy.” The latest distinction therefore is an important boost to the regulator’s reputation which has been busy in the past months, issuing some of the stiffest penalties on record.

The regulator has been praised for a number of reasons, including the watchdog’s approach to hybrid working, making full use of technology, and hosting various events and digital initiatives to bring staff closer together and improve the working environment across the board.

The UK Gambling Commission has also been praised for its massive data-collecting effort and the meaningful and impactful leveraging of that information as part of various internal programs and initiatives. This approach has helped the regulator considerably increase its competency and efficacy.

Much Hard Work Has Gone Into Securing the Distinction

Commenting on these achievements, UKGC chief executive Andrew Rhodes hailed the accolade and commended the hard work of all colleagues at the Commission who have made this possible. Rhodes added:

We pride ourselves on putting people first and doing the right thing by focusing on areas such as personal development. I’m delighted that has led to us being recognized as one of the country’s best places to work over the past 12 months.

UKGC chief executive Andrew Rhodes

Great Place to Work did not pick the UKGC at random. The initiative performed evaluations of hundreds of workplaces, and making the shortlist is indeed a demanding process that expects companies to be on point across a range of factors. The regulator now faces a busy road ahead of it as the reregulation of the UK gambling market is on the cards.

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Full House Resorts, a Nevada-based casino developer and operator, is expanding its portfolio of properties with a new venue in Illinois. The Temporary by American Place is scheduled to open its doors today, February 17.

The new casino is strategically located in close proximity to O’Hare International Airport. Once at the airport, visitors need to drive for around half an hour northwest to arrive at the venue. The Temporary is notably the only casino in Lake Country.

An Atmospheric Experience

When designing The Temporary, Full House Resorts went with the “a day at the lake” theme, including lush greenery and boat paddles in its interior design. The so-called Canoe Bar boasts a unique chandelier fashioned from real canoes, further reinforcing the atmosphere. At night, Full House Resorts explained, projection mapping equipment will illuminate the casino exterior, transforming it into a large-scale art display.

Casino visitors can expect to find a selection of 1,000 slot machines, as well as 50 table games. When in need of refreshments, gamblers can go to one of two modified Airstream trailers where they can get locally-brewed craft beers, espressos, salads, paninis and sandwiches. If that isn’t enough and players get truly hungry from all the exciting gambling action The Temporary offers, they can visit one of the casino’s restaurants.

At L’Américain, visitors can enjoy traditional American cuisine. If they prefer something more exotic, however, they can also try Asia-Azteca, a restaurant celebrating the traditions of Asian and Latin cooking. North Shore Steaks & Seafood is also expected to open later this year, offering yet another premium dining option to guests.

Full House to Celebrate the Opening

Full House Resorts has prepared opening festivities for the launch of its new property. The celebration will begin with a private VIP reception at 5 pm local time. Three hours later, The Temporary by American Place will be officially open to the general public.

Daniel Lee, Full House Resorts’ president and chief executive officer, commented on the upcoming opening of the new casino. He thanked the Illinois Gaming Board and its staff for their invaluable help during the new property’s construction and preparation. He also thanked Full House’s team of 500 founding employees who spared no sweat preparing The Temporary for the grand opening.

Lee concluded that he is looking forward to welcoming Chicagoland residents to the new venue starting February 17.

We are eager to welcome Chicagoland residents to The Temporary beginning on February 17.

Daniel Lee, CEO & President, Full House Resorts

Full House Resorts experienced some setbacks in 2022 as its revenues experienced a slight decrease.

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