Tag: gambling news

Regulators Mull eSports Betting in Nevada Sportsbooks

Regulators Mull eSports Betting in Nevada Sportsbooks

October 26, 2022 / / 0 Comments

Nevada is one of the most established gambling markets in the world. It is also one of the most innovative. Even with online sports betting and online gaming, they always provide their players with an experience up to the standards of Vegas gambling. Adding eSports to your bookie pay per head sportsbook is not something that all sportsbooks do. Nevada regulators want to know more about eSports betting, and they want to be able to see regulated eSports betting in Nevada sportsbooks.

Thus, an eSports Technical Advisory Board was formed. This committee will be proposing amendments that will regulate and streamline what sportsbooks must do to offer eSports betting. Much like in a pay per head sportsbook service, eSports betting can help boost the local betting market given how popular it is becoming.

Streamlining eSports Betting in Nevada

Regulators Mull eSports Betting in Nevada SportsbooksThe committee will then forward their recommendations to the Nevada Gaming Commission and the Nevada Gaming Control Board. Once the regulations pass both offices, sportsbooks in the state can now offer eSports betting in Nevada. The recommendation proposes that prior approval would not be needed if they comply with certain rules.

eSports betting is technically legal in Nevada, but its classification under the law means that operators will need prior approval before they can offer eSports wagering. By streamlining this, operators will have to spend less resources and time filing for approval. Once of the challenges bookies experience is being able to offer the best and the latest gambling products to their players. The less resistance and obstacles bookies face, the better the outcome and revenue.

 

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Iowa Sports Betting Handle Increase in March

Iowa Sports Betting Handle Increase in March

April 12, 2022 / / 0 Comments

We are seeing an increase in sports betting activity across sportsbooks in Iowa. The state reports a total monthly Iowa sports betting handle of $233.5 million. This shows a 5.2% growth from February’s $215.9 million. It is also 44.7% higher than March 2021’s $161.4 million. The year on year growth in handle is nothing short of remarkable, and inspiring for those who want to create their own sportsbooks. A good resource for those learning is this piece on how to be a bookie for dummies.

Online sports betting takes up $208.2 million, which is 6.8% higher than February’s $195 million. Its year-on-year data for March also gives us a large growth margin at 49.4% from $1139.4 million in March 2021. Given how popular sports betting is in the state, it will not be a surprise if we will be seeing higher betting handles in the months and years to come.

Iowa Sports Betting Market

Iowa Sports Betting Handle Increase in MarchA lot of preferred sportsbooks typically report higher handles in US betting markets due to the NCAA tournaments, specifically the men’s and women’s basketball tournaments. Iowa’s boost in sports betting handle may be coming in from college basketball wagers. Especially with so many in-state teams joining the tournament.

For one, we have the Iowa Hawkeyes, where the men’s basketball team who won the Big Ten Tournament Championship, as they beat Purdue for the title in a 75-66 finish. The women’s basketball team also won the Big Ten Tournament, giving the school two conference titles in just one season. The Hawkeyes bowed out in the first round of the postseason though, while the women’s team lost in the second round. Iowa State’s men’s and women’s teams also did well, but bowing out in the Sweet 16.

 

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