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New Legislation Bans Using Credit Cards for Online Betting in Australia

A lot is changing when it comes to Australian gambling law, and new legislation has just been passed. The use of credit cards as a payment method for placing online bets will be prohibited from now on, as the Australian Federal Parliament decided.

Important measure

Kai Cantwell, the CEO of Responsible Wagering Australia, supports this decision. He thinks that the country needs this decision since the residents will be allowed to gamble only with the money they actually have on their cards.

Cantwell commented: “This is an important measure to protect customers and their loved ones, making it easier for people to stay in control of their own gambling behavior. It will complement the existing offering of safer gambling account management tools by RWA members to customers to help them stay in control of their betting.”

Lotteries and keno issue

australian-parliament-passes-legislation-banning-online-credit-card-betting-He added that it was disappointing that some kinds of games, for example, lotteries and keno, were excluded from this ban since the lotteries are the most popular type of gambling in the country, especially in people from lower socioeconomic groups.

Only in 2020 and 2021 did citizens lose more than $3.2 billion playing these two types of games, according to the Australian Gambling Statistics. When online keno was legalized in Victoria, these numbers increased even further, and in 2022 and 2023, the losses increased by more than 400%.

There are other parts of the gambling law that lotteries are excluded from. There is also a National Self Exclusion Register, Betstop, so the Australians who already have excluded themselves from other forms of online gambling still have the opportunity to gamble up to $10.000 online by playing lotteries.

Cantwell added: “To effectively reduce gambling harm, consumer protection measures must exist across all forms of gambling. Otherwise, those at risk of harm will just move from one form of gambling to another less regulated type.”

Strict regulations

The industry is talking about the potential credit card ban from 2021. The RWA members collaborate with the federal government and financial institutions to deliver the best possible solutions when it comes to credit card bans and online gambling regulations. The institutions will continue to work hard on this, and the ban is supposed to be implemented in all online casinos in Australia within six months.

This is the newest regulation in the Australian market, but not the only one. Other prohibitions include banning external signage, reducing the cash-input limit, reducing the cap on machine entitlements, and others.

Source: Narayan, Niji, “Australian Parliament Passes Legislation Banning Online Credit Card Betting”. European Gaming. December 7. 2023.

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Wyoming Registers New Sports Betting Records in October

wyoming-smashes-online-sports-betting-records-in-october-Wyoming, the American state that is widely known as the “Equality State”, has registered new records in the month of October 2023 when it comes to its regulated online sports betting market.

Bettors in the state wagered 21.2 million dollars in October using licensed online bookmakers, an amount which is an all-time high since the state opened its legal online betting market.

The previous record set in the American state was 19.2 million dollars, and it was set in September 2023. Moreover, the figure registered in October 2023 represents an increase of 23.4 percent compared to the same month of 2022.

Gross gaming revenue also registered an all-time high of 2.3 million dollars, an increase of 15 percent year-on-year and 53.3 percent compared to the 1.5 million that were generated in September 2023.

Taxable gaming revenue also set a new record in October, amounting to 1.4 million dollars. That figure represents an increase of 21.7 percent from October 2022 and no less than 172.6 percent when compared to September 2023, when the total taxable gaming revenue in Wyoming amounted to just over half a million dollars.

DraftKings On Top of The Market

The most successful online bookmaker in Wyoming in October was DraftKings, with revenue of 1.4 million dollars and a handle of 12.5 million dollars. FanDuel ended the month in second place with revenue of 402,961 dollars and a handle of 4.9 million dollars.

BetMGM grabbed the final podium place with revenue of 387,344 dollars from a handle of 3.5 million dollars, while Caesars was in fourth place with revenue of just 73,028 dollars from a handle of 378,622 dollars.

The Wyoming onlines sports betting market is set to become more competitive as Fanatics Betting and Gaming will join the fray after having taken control of PointsBet Wyoming LLC.

Fanatics Betting and Gaming is a division of Fanatics, the global sports retail giant, and it has struck a deal to acquire the United States operations of PointsBet earlier this year. The purchase price was 225 million dollars and it was approved by the PointsBet shareholders.

However, the effective transfer of the operations to Fanatics Betting and Gaming will only happen when the operator will receive all necessary approvals in each state. Fanatics Betting and Gaming has so far rolled out its online sportsbook in Virginia following the acquisition of PointsBet U.S.

Source: “Wyoming smashes online sports betting records in October“. iGaming Business. November 23, 2023.

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New York Hits the US-Record $2 Billion Sports Betting Handle in October

The State of New York hit the nation-wide record as the total sports wagers placed through online operators totaled to more than $2 billion in October 2023. Such a handle also brought $166.3 million in revenues to mark the highest market level since the launch of online sports betting in the state in January 2022.

$2.01 Billion in Player Bets

new-york-mobile-sports-bets-break-2-billion-in-octoberNew York players reportedly wagered a total of $2.01billion using online platforms and mobile betting apps to hit the handle 30.5% higher than in the same month of 2022. The figure also represents a 14.2% higher level than $1.76 billion wagered in the state in September 2023.

Consequently, the market hit the record monthly revenue of $166.3million to exceed the September 2022 record of 165.5 million and stand for a 14.1% higher level than October 2022.The remarkable online sports betting result was extensively driven by several leading operators.

77% Market Share of FanDuel and DraftKings

FanDuel kept the New York market leading position with a 50% share in total revenues generated during October and the handle of $891.9 million representing a 44.5% stakein overall bets processed in the market in the given period. DraftKings followed with a 35.6% revenue share and the $652.3 million handle to get hold of a 32.5% share in the total market handle.

Individual Operator Contributions

The remaining around 15% of revenues and 23% of online bets placed in the state in October 2023 have been split to six major operators with their individual revenue and handle contributions standing as follows:

  • BetMGM: Revenue $7.2M; Handle $107.6M
  • Rush Street Interactive: Revenue $3.3M; Handle $114.2M
  • PointsBet: Revenue $1.3M; Handle $27.6M
  • Resorts World Bet: Revenue $894,039; Handle $7.7M
  • Wynn Interactive: Revenue $313,363; Handle $12.3M

Mets Owner and Hard Rock Partners for a Casino License

The $2 billion record handle testifies about the season of the increased gambling-related activities in New York. Another argument supporting the trend comes from the recently made announcement that Mets owner Steve Cohen would partner with casino giant Hard Rock International to bid for the last of the three casino licenses available for a casino development in downtown New York.

$8 Billion Metropolitan Park Casino Development

The billionaire and the top-tier casino operator revealed plans to build an $8 billion Metropolitan Park casino and entertainment complex next to the Citi Field Stadium in Queens, New York City.

The hotel and casino project includes separate sports betting facility, as well as a wide range of amenities, such as a music venue, food hall, an entertainment park, and the associated parking and retail facilities.

Obtaining Support to Bid For the License

Cohen has reportedly hosted multiple community workshops and conducted more than 20,000 door-to-door conversations with local community members. The project has thus secured the support of more than 89% of the pooled community members who signed the petition to support the project and help Mets owner take a lead in the metropolitan casino license race.

Source: “New York sets US-first with $2bn online sports betting handle in October”. iGB. November 13, 2023.

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Atlanta Braves Begin Playoffs as Betting Favorite to Win 2023 World Series

The Atlanta Braves are the betting favorite at +310 odds to win the 2023 World Series with the MLB playoffs beginning today.

Ronald Acuna Braves
Atlanta Braves outfielder Ronald  Acuña Jr. celebrates a home run against the Philadelphia Phillies. (Image: Getty)

The Houston Astros won the 2022 World Series, and they began the season as the consensus favorite to repeat at +650 odds. There has not been a repeat champion in MLB in 23 years since New York Yankees won three-straight titles between 1998 and 2000.

2023 MLB PLAYOFF TEAM WORLD SERIES ODDS PRESEASON ODDS
Atlanta Braves +310 +750
LA Dodgers +400 +850
Houston Astros +450 +650
Tampa Bay Rays +1000 +1900
Baltimore Orioles +700 +7000
Texas Rangers +1600 +4500
Philadelphia Phillies +1300 +1800
Minnesota Twins +2000 +3500
Milwaukee Brewers +1700 +3500
Toronto Blue Jays +1600 +1200
Arizona Diamondbacks +3000 +18000
Miami Marlins +3500 +8000

The Astros (+650), Braves (+750), Yankees (+750), Los Angeles Dodgers (+850), New York Mets (+950), and San Diego Padres (+950) were the top six favorites to win the World Series at the end of Spring Training.

Three of those early betting favorites — Yankees, Mets, Padres — failed to qualify for the playoffs and they had among the highest-paid payrolls in baseball this season.

The Yankees went off the rails during one of their worst losing streaks in 28 years, and the Mets gutted their team and dealt pitchers Max Scherzer and Justin Verlander at the trade deadline.

Braves Hope to Avoid Another Early Exit

The Braves advanced to the playoffs in six consecutive seasons under manager Brian Snitker, but they won the World Series only once in 2021.

The Braves won 101 games last season, but were eliminated in the NLDS by the Philadelphia Phillies in four games. It marked the third time since 2018 that the Braves were knocked out of the postseason in the NLDS. In the pandemic-shortened 2020 season, the Dodgers defeated the Braves in the NLCS and denied them a trip to the World Series.

In the 2021 playoffs, the Braves ran the table with an 11-5 record and defeated the Astros in the World Series to win their first championship since 1995.

The Braves seek a fifth championship. They have been a popular pick the win the World Series for most of the season.

The Braves ended Spring Training at +750 odds to win the World Series as the second cofavorite on DraftKings’ futures board with the Yankees.

The Braves passed the 100-win mark in back-to-back seasons for the first time in 20 years. They won 104 games this season and surpassed last year’s total of 101 wins.

With 104 wins, the Braves tied a franchise mark for second-most wins in team history. The 1993 squad won 104 games but were eliminated in the NLCS. The 1998 Braves won 106 games, yet lost in the NLCS that year.

This year’s Braves had identical home and road records at 52-29, and they are tied with the Baltimore Orioles for the best away record this season.

The Braves are the #1 seed in the National League, and have a bye. They will meet the winner of the NL Wild Card round between the #5 Miami Marlins and #4 Philadelphia Phillies.

Hotlanta’s Big 3: Acuña, Olson, and Strider

Right fielder Ronald Acuña Jr. posted an MVP season with 41 home runs and 106 RBI. The speedster led the major with 73 stolen bases. He also slashed at .337/.416/.596.

First baseman Matt Olson was an ironman who played in every game this season. He was the Home Run King and led the majors with 54 home runs and 139 RBIs. Olson finished the season with a slashline of .283/.389/.604.

Designated hitter Marcell Ozuna bashed 40 home runs and drove in 100 RBI, and second baseman Ozzie Albies also contributed 33 home runs and 109 RBI.

The Braves got most of their tun production from Olson, Acuña, Albies, and Ozuna. All four players drove in 100-plus runs this season. Third baseman Austin Riley just missed the century mark with 97 RBI, but he also smacked 37 home runs. Their top five big bats combined for 151 home runs, or almost half of the team’s final tally of 307 long balls this season.

On the mound, ace Spencer Strider posted a 20-5 record with a 3.86 ERA and 1.09 WHIP in 32 starts. He led the majors with 20 victories and 281 strikeouts. Strider anchors a dinged-up rotation with starters Max Fried and Charlie Morton both nursing injuries.

Set-up man AJ Minter and closer Raisel Iglesias are a dangerous combo late in the game for Snitker. Iglesias saved 33 games and has a 2.75 ERA and 1.19 WHIP. Minter has 21 holds and 10 saves with a 3.76 ERA and 1.19 WHIP.

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US Integrity Partnership Spree for Sports Betting Monitoring Continues

US Integrity is on a roll ahead of the college football season.

US Integrity sports betting Big Ten Conference
The Big Ten is the latest conference to sign a partnership with US Integrity. The sports betting monitor will surveil Big Ten games for sports betting irregularities. (Image: Big Ten Conference)

US Integrity in August alone announced partnerships with the Big Ten, Big 12, and Mountain West conferences for the tech company to keep tabs on sports betting activity related to their college sports. Founded in 2018 as a sports betting monitoring company seeking to eradicate fraud and corruption from sports gambling, US Integrity on Thursday confirmed its fourth major conference partnership reached in August with Conference USA.

The Big 10, Big 12, Mountain West, and Conference USA join US Integrity’s other conference clients, which include the SEC, Pac-12, Big West, Big Sky, and West Coast Conference. The sports betting monitor says its mission is to grow the legal sports gambling market by strengthening game integrity. Along with the aforementioned conferences, US Integrity has an array of school partnerships for similar monitoring services.

As a US Integrity partner, odds and line movements for those conferences and partner schools will be monitored by the tech firm, which is based in Las Vegas and New York. US Integrity’s proprietary dashboard, the firm says, allows its team to conduct analysis across dozens of data sets to proactively identify irregular wagering behaviors and patterns.

The goal is to assure the NCAA, conferences, teams, players, bettors, and the general public that the country’s ongoing expansion of legal sports betting isn’t impacting the legitimacy of the games.

Injury Reports Going Public

A common example of how sports betting might impact the integrity of a game is when a player or team member with confidential knowledge of a player’s injury status shares that information with an outside individual who then attempts to use the intelligence to their advantage via gambling.

For instance, if USC quarterback Caleb Williams suffers an injury during practice and is unlikely to start, and that information falls into the wrong hands, a bettor might wager heavily on USC not covering the spread or staying under the game’s over/under point total. Williams is expected to be one of college football’s most electrifying players this year. He’s the betting front-runner for the Heisman Trophy at +450.

Colleges have traditionally refrained from making injury reports public because of privacy concerns. But beginning this year, in the age of widespread sports betting, one major conference is requiring such disclosures to be made public ahead of kickoff.

HIPPA, the Health Insurance Portability and Accountability Act of 1996, set national standards that prohibit medical professionals from sharing a patient’s sensitive health information with another party without the patient’s consent. In pro sports like the NFL, players are required to sign HIPPA disclosures. But since college athletes are technically amateurs and are not directly paid by their universities, a school or conference’s legal ability to require student-athletes to sign health information disclosures has been questioned.

The Big Ten Conference last week announced it will be the first Power 5 conference to require teams to produce player availability reports. The conference is circumventing HIPPA concerns by simply requiring each team to say whether a player is available or not. No specific information on their injury or health is to be disclosed. The player status reports are due at least two hours before the start of a game.

“The well-being of our students, coaches, and staff, as well as the integrity of our competitions, are of paramount importance,” said Big Ten Commissioner Tony Petitti. “Enhanced transparency through availability reporting and partnering with US Integrity strengthens our efforts to protect those who participate in our games as well as the integrity of the games themselves.”

Reporting Resource

“If you see something, say something” is being applied to college sports and sports betting. Along with US Integrity monitoring betting markets, the firm this week announced an integration with RealResponse, a popular communication tool utilized by more than 150 colleges and universities.

RealResponse allows for confidential communications between players, coaches, team officials, and school administrators. RealResponse announced this week that, effective immediately, its mobile platform now includes a sports betting tool that allows student-athletes to anonymously report suspicions of sports betting policy infractions.

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