WagerPager | Sports Betting Jobs’ Post

New Jersey igaming and sports betting surge amid land-based decline   📊 July saw New Jersey's total market revenue rise to $547.8m, an 8.2% YoY increase, driven by growth in sports betting and igaming.   🎰 Land-based revenue fell by 6.1%, raising questions about igaming's potential to surpass traditional gambling as the state's main revenue driver.   💸 Sports betting had a standout month with a 31.2% revenue jump, led by FanDuel and DraftKings Inc.

The sports betting industry has become a booming sector all over the world with millions of people betting on various events. However, the manner in which such activities are conducted and regulated can vary greatly from country to country.

📕 Recordbreaking performance in GGR reported by Michigan 📕 Michigan’s iGaming and mobile sports betting industry has been on a meteoric rise. 📄 Read te full article : https://hubs.la/Q02tCCQz0 #MichiganiGaming #MobileSportsBetting #iGamingRevenue #RecordBreaking #GamingControlBoard #MichiganGaming

Today BetDEX Labs Inc. (“BetDEX") announced the launch of the BetDEX Exchange, a sports betting exchange built for bettors looking to place their bet at a great price with no restrictions. The BetDEX Exchange provides highly competitive odds across popular betting markets, including soccer, baseball, basketball, hockey, cricket, football and more. Unlike other platforms, users do not incur premium charges or discriminatory account restrictions for being a winning bettor. The BetDEX Exchange offers one of the lowest fees in the industry - only 3% on net winnings; with bettors only paying if they win. The BetDEX Exchange has stated that it will never penalise its users for winning, and will always strive to provide its customers with access to the best odds and deep liquidity. Customers can deposit in crypto or fiat to fund their player account. Varun Sudhakar, CEO and Co-Founder of BetDEX Labs, said: “The core of the BetDEX team were early developers and employees at FanDuel, Betfair, BetDAQ, and BoyleSports, motivated to democratise access to sports betting. While sports betting is a massive industry with over $2 trillion dollars traded every year, hidden fees and arbitrary limits on winners have created an extremely poor player experience. We founded BetDEX on the belief that players should not be penalised for their success, and we are proud to launch a sports betting exchange that is built for the bettor.” Since the beta launch over a year ago, the BetDEX Exchange has grown from taking bets for the FIFA World Cup to now offering a wide variety of betting markets on numerous sports including soccer, football, tennis, hockey, basketball, MMA, e-sports, and more. As a result of this rapid expansion, BetDEX now offers over 20 times as many markets year-over-year with great prices and deep liquidity, providing bettors with the variety and choice they expect from a top tier sports betting exchange. The BetDEX Exchange is licensed and regulated in Ireland, providing a compliant and legal exchange to its global player base. Varun Sudhakar, Nigel Eccles, Stuart Tonner [Insider.co.uk].

💰 South Africa’s sports betting industry is thriving, surpassing R700 billion ($38 billion) annually, fueled by tech advancements, strategic marketing, and increased online engagement post-pandemic. This explosive growth underscores the sector's dominance in the entertainment market and its potential for further innovation. #SportsBetting #SouthAfrica #MarketTrends #OnlineGaming #BettingIndustry #EconomicGrowth

oddschecker, the UK’s leading betting comparison platform and part of FairPlay Sports Media, has unveiled its new ‘Oddschecker Endorsed’ program. Andrew Bramley, Commercial Director at FairPlay Sports Media, said: ““We’re digging deep into the data to work out who is proving to be the leading sportsbooks across different sports and core metrics, from best racing product to best safer gambling tools. We’re excited to share our findings in the new year, with several big names and challenger brands set to be recognised and rewarded for giving quality betting experiences to UK bettors.” https://lnkd.in/efVk3atH #iGF #iGamingFuture #Oddschecker

Pennsylvania’s online growth offsets land-based dips in September.   📈 Sports betting revenue grew 46.1% YoY to $53.5M.   🎰 Igaming grew 10.8% YoY to $176.7M with online slots contributing $132M.   🎲 Slots and table games revenue slipped by 1.5% and 2.3% YoY, respectively.

📢 Sports betting: essential insights from the latest industry survey In today’s data-driven world, understanding the nuances of sports betting is crucial. Betsson Group, collaborating with Sports Handle and GambleID, has conducted an extensive survey encompassing over 32 million sports bettors in the United States. 📰 Read the full article here: https://hubs.la/Q02CG02N0 #SiGMA #SiGMANews #Casino #iGaming #SportsBetting #Betting #Gambling

Betideas predicts the online sports betting market, which has seen unprecedented growth over the past decade, is expected to face a significant slowdown by 2029. Factors such as market saturation, tighter regulations, and rising competition are contributing to a decline in annual growth rates.

''As the home of premium sports betting solutions, operators can be safe in the knowledge that Kambi has a product to suit their strategic needs, capable of elevating their sportsbook to the next level.''   Kambi's new CCO, Sarah Robertson, sat down with SBC News to give an in-depth overview of Kambi's expanded portfolio of revenue-driving sports betting services and how they can empower an operator's sportsbook regardless of their strategy.   You can read the full interview here: https://lnkd.in/dFG5EJpY