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Online casino drives growth in Portugal in Q2

Portugal’s regulated online betting and gaming market grew revenue by 17 per cent in the second quarter of 2022, despite a decline in sports betting.

Total gross gaming revenue (GGR) generated by the country’s 15 licensed online operators increased to €146.4m in the second quarter of the year, buoyed by a [...]

1 min read

Iowa sports betting handle climbs 21% in July

Iowa’s licensed retail and online sports betting operators recorded a solid start to the state’s new fiscal year as total wagers increased by 21 per cent to $108.6m in July.

July’s year-on-year growth was driven by a 25 per cent increase in online sports wagers to $98.4m, which offset an [...]

1 min read

Hollywood Casino takes over as market leader in West Virginia

West Virginia’s licensed sports betting and iGaming operators enjoyed a strong start to the state’s 2022/23 fiscal year as wagers in July increased by 76 per cent compared to the same period last year.

Total sports and iGaming wagers increased to $302.3m in the five-week period ended 30 July, with Hollywood [...]

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New York online sportsbook wagers continue decline into July

New York’s online sports betting market hit a new low in July 2022 as total handle fell to $800.8m.

The state’s nine online sportsbooks saw handle decline for the fourth consecutive month in July, down 24 per cent compared to the previous month, despite the launch of the state’s ninth and [...]

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DraftKings

DraftKings raises full year guidance as Q2 revenue climbs 57%

New York-listed DraftKings has raised its full year revenue guidance after posting a 57 per cent increase in revenue to $466.2m during the second quarter of 2022.

The year-on-year growth was driven by a 68 per cent increase in B2C revenue from sports betting, iGaming and daily fantasy sports to $454.7m, [...]

1 min read

FuboTV initiates strategic review of sports betting business

New York-listed sports live TV streaming platform FuboTV has initiated a strategic review of its interactive wagering business.

The company said that it continues to believe that an integrated wagering platform, offering both live video and a sportsbook, will result in the best viewing and gaming experience for consumers.

“However, as we [...]

1 min read
Rush Street Interactive

Rush Street Interactive grows Q2 revenue to record $143.7m

New York-listed Rush Street Interactive (RSI) has reported a 17 per cent increase in revenue to a record $143.7m in the second quarter of 2022, although expenses climbed at a higher rate.

The second quarter marked the 13th consecutive record revenue quarter at RSI, with the company benefiting from a 35 [...]

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Gambling Commission

Britain’s online gambling yield falls in the second quarter of 2022

Britain’s largest online gambling operators have recorded a significant fall in Gross Gaming Yield in the second quarter of the year, with every gaming vertical showing a decline versus the same period last year.

The data released Thursday by the Gambling Commission covers the biggest operators who together account for approximately [...]

1 min read

Bally’s second quarter revenue soars to $552.5m

New York-listed casino and sportsbook operator Bally's Corporation has seen second quarter revenue more than double to $552.5m, driven by its growing Interactive businesses.

Revenue in Q2 soared by 106 per cent compared to the same period last year, with Casinos & Resorts revenue climbing 14 per cent to $299.9m.

North America [...]

1 min read

Interactive drives Q2 revenue growth for newly renamed PENN Entertainment

New York-listed Penn National Gaming has been renamed PENN Entertainment as the racing and gaming operator reported a 5 per cent increase in revenue to $1.63bn for the second quarter of 2022.

The year-on-year growth was driven by a 61 per cent increase in Interactive revenue to $154.9m in Q2, while [...]

1 min read
MGM Resorts

MGM Resorts benefits from growth in Las Vegas as BetMGM losses continue

New York-listed MGM Resorts International has reported a 44 per cent increase in consolidated net revenue to $3.26bn for the second quarter of 2022, buoyed by strong growth in its core Las Vegas market.

The year-on-year growth was driven by increased business volume and travel activity primarily at the company’s Las [...]

1 min read
Colorado Flag

Colorado sportsbook wagers climb to $4.82bn

Colorado’s retail and online sportsbooks collected total wagers of $4.82bn during the 2021/22 fiscal year, with wagers in the final month of June climbing 45 per cent.

Colorado's 23 online sports betting operators saw wagering increase by 37 per cent year-on-year to $310.4m in June, with the state's 15 retail sportsbooks [...]

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