New Jersey Sports Betting and iGaming Set All-Time Records in 2024
New Jersey’s gambling sector set several all-time records in 2024, reporting total revenues of $6.30 billion — a 9% increase from the previous record of $5.78 billion set in 2023. December Totals According to the NJDGE’s monthly release: Casino Win: Casino revenues for December 2024 were $231.8 million, reflecting a slight decrease of 0.3% compared to the same month in 2023. Internet Gaming Win: Internet gaming revenue saw significant...
Integrity of Sports in the Spotlight: The Commitment of the Macolin Convention for Clean and Fair Sports Competitions
by Andrei Cosma, Partner, Jasmine Botiș, Associate BACIU PARTNERS The phenomenon of manipulation in sports competitions affectstheir integrity, and the exponential growth of activities that could be considered criminal requires a firm response, suited to an increasingly complex challenge. Sports competitions are a magnet for public attention. They are regarded globally as one of the most popular entertainment phenomena that continues...
42 suspicious betting alerts reported by IBIA in Q3 2024
The International Betting Integrity Association (IBIA) reported 42 alerts of suspicious betting to the relevant authorities in the third quarter (Q3) of 2024. The Q3 2024 total is 54% less than the revised figure of 91 alerts in Q2 2024, and 16% less when compared to the Q3 2023 total of 50 alerts. IBIA and its growing membership monitor over $300bn per annum in sports betting turnover (handle) across more than 125 sports betting...
BETER Live becomes ICONIC21
BETER Live, a live casino and gaming content provider has separated from BETER Group to forge its fully independent path. BETER Live, provider of live betting solutions, has officially rebranded to ICONIC21 as it enters a new chapter having separated from the BETER Group. The strategic move allows ICONIC21 to deploy its own vision with a sharpened focus as it continues to strengthen its position as a must-have provider in the...
Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance
In a significant turn of events, Arizona has outpaced Nevada in sports betting handle for the first time since legalization. The Arizona Department of Gaming’s recent report for April revealed a staggering $656.3 million in total handle, surpassing Nevada by $87.2 million. Arizona’s sports betting industry has shown remarkable growth, marking a 22.5% increase compared to the previous April and maintaining strong numbers despite...