UK Online Sports Betting Figures Rocket; DraftKings Inks Deal with ESPN

UK Onli<span id="more-10641"></span>ne Sports Betting Figures Rocket; DraftKings Inks Deal with ESPN

Draft Kings is all on the WSOP, and soon it will be all over ESPN.

The UK’s internet sports betting markets are going right through the roof, according to new figures from the UK Gambling Commission (UKGC), and it is being driven by online betting.

Within the last four years,the UK’s gross gaming yield (or handle, to non-accountants) has grown almost 55 per cent; from £1.94 billion in 2010 to over £2.99 billion year that is last.

What this means is, claims the UKGC, that the UK market now represents about 13 per cent of total international gross gaming yield, which stood at £23.76 billion last year.

Overall betting profits, meanwhile, increased by 23 percent, to £6.2 billion for the fiscal 12 months ending April 2014, up 143 percent since 2010.

Online Betting up 84 Percent

The gross gambling yield for online wagering, however, is up a whopping 84 per cent on the last four years, to £1.19 billion, way ahead of most other items.

It has been aided, of course, by the rise of mobile technology and in-play betting; the choice to bet on just about any part of a solitary game, during the game.

Soccer, as is the case globally, is the most commonly bet-upon sport in great britain definitely, accounting for 49 percent of all wagers, and a yield of £14.22 billion.

The second-most lucrative vertical, in line with the UKGC, was online casino, including poker, although revenues have dropped 27 percent since 2010. Naturally, slots and dining table games accounted for the vast majority among these revenues.

And the future that is short-term healthy; new registrations are in their highest ever level, with 6.24 million within the last few year, while active client records are up 60 percent on the past four years.

These are understood to be records which have been used to gamble for real on the preceding year.

Fantasia for DraftKings

Meanwhile, back in the usa, where nearly all of us must content ourselves with betting on made-up sports fixtures, DraftKings has discovered its Disney princess.

Fresh from plastering its brand all over the WSOP, the fantasy sports league has sealed a deal with Disney-owned ESPN to become its official fantasy that is daily partner.

The agreement will offer DraftKings’ branding and promotional opportunities across multiple ESPN platforms, including electronic content and television broadcasts.

ESPN’s own fantasy sports content has attracted significantly more than 12 million users, while its fantasy soccer product is the most widely used in the industry.

‘ESPN and DraftKings share a brief history of innovating and advancing fantasy sports to provide this passionate group of followers,’ said ESPN president and co-chairman of Disney Media Networks John Skipper. ‘DraftKings is a company that is dynamic deeply attached to its fans, so we’re excited to own them on board as our formal daily fantasy sports offering.’

Plainridge Park Casino Slots Parlor Becomes First Casino To Open In Massachusetts

The Plainridge Park Casino is the facility that is first start underneath the 2011 casino expansion bill passed in Massachusetts. (Image: Charles Krupa/AP)

Casino gambling has formally started in Massachusetts, as the Plainridge Park Casino launched for company on Wednesday.

The slots parlor was the very first venue approved by the Massachusetts Gaming Commission, and is the very first step towards complete casino expansion in the state.

‘Momentous’ for Massachusetts day

State Gaming Commission Chairman Stephen Crosby ended up being on hand for the opening for the casino, which features slot machines and electronic versions of other games like blackjack and roulette. The launch was called by him a ‘momentous’ occasion for the state.

‘Take a review of this facility,’ said Crosby. ‘Take a check 500 quality, high investing jobs.’

Celebrities on hand for the opening included NFL that is former and university quarterback Doug Flutie, whom owns a restaurant and bar within the casino.

The opening at Plainridge Park is unquestionably the commencement of the new era for Massachusetts, which had one of many most contentious debates over gambling expansion in modern times in the united states of america.

A casino expansion law passed last year was immediately controversial, and had to survive a repeal attempt year that is last any venues could open.

Whether the casinos will prove popular and retain support that is public to be seen. But what is clear is that they shall represent a windfall for Massachusetts, along with the towns that host them.

State, Town to Receive Financial Windfall from Casino

Officials project that Plainridge should take in about $200 million in gambling profits during its year that is first of. Hawaii will receive 49 percent of the revenue, more compared to the 25 percent it’ll take from the full resort casinos that is opening in the next couple of years.

The town of Plainville will benefit too, as the casino has pledged to spend $2.3 million a 12 months as well as $1.5 million in property fees.

The local economy should also enjoy the influx of jobs. Penn National Gaming has hired about 475 employees to man the facility, with average pay of about $30,000 a year.

Plainridge Will Take On Rhode Island Casino

The opening of this Plainridge Park Casino is also seen by numerous as the very first shot fired by Massachusetts into the ongoing border wars with casinos in surrounding states. Plainridge will compete instead directly with Twin River Casino in Rhode Island.

Twin River expects to see a dip in visitors in the short-term, as gamblers want to always check out of the facility that is new. In the term that is long they hope their more extensive offerings will keep many of the customers coming right back, though it may need sometime to really know what sort of damage is done.

‘ we have been referring to this it seems like forever,’ said Twin River Worldwide Holdings chairman John Taylor Jr. ‘I think we have been sitting with a full-service casino with lots of amenities. I do believe we’re ready, as ready as you can be.’

As more casinos come online, both Connecticut and Rhode Island will likely see customers who formerly came from Massachusetts to gamble stay in that state instead.

The MGM Springfield has already provoked Connecticut to make plans to build a casino that is third of Hartford, while a casino in Everett and yet another that might be licensed in Southeastern Massachusetts could further cut into Rhode Island’s customer base.

So far, there are two main projects contending for that final Massachusetts casino license: a KG Urban/Foxwoods proposition in brand New Bedford, and an idea to position a casino during the Brockton Fairgrounds.

Joe Barton Throws Internet Poker Freedom Act Back at Lindsey Graham’s RAWA

On the version that is latest associated with the Internet Poker Freedom Act, Texas Representative Joe Barton stated the quintessentially American game is a right for many citizens to play on the web. (Image: AP)

Texas Representative Joe Barton was readying a very of his own for your house while Senator Lindsey Graham (R-SC) was presenting the Restoration of America’s Wire Act (RAWA) to an empty Senate on Wednesday.

Online Poker Freedom Act 2015 (HR 2888) is Barton’s 3rd effort to regulate online poker at a federal level.

Unlike Graham’s bill, which has been accused of cronyism and of as an attempt to curry favor with Republican mega-donor Sheldon Adelson, Barton claims he has no interest that is vested the contents of his bill. He merely loves to play poker, he says, and believes that, in the modern digital age, Us citizens should manage to select if they want to play poker online for real cash.

‘Poker is an all-american game,’ Barton said. ‘It’s today a game that I learned as a teen and continue to play. Just like millions of other players we enjoy the strategy and ability involved. I are supportive of the Americans who perform poker online.

‘My bill is required now a lot more than ever. It creates one federal standard that protects the integrity for the game and the monetary passions of players, while protecting American consumers from nefarious and predatory international gambling operations.’

Previous Efforts Failed

Barton first tried to introduce online poker legislation back in 2011 with the verbosely titled ‘Internet Gambling Prohibition, Poker Consumer Protection, and Strengthening UIGEA Act of 2011.’ Then, 2013 saw the initial incarnation regarding the online Poker Freedom Act, which echoes the language of this brand new version. All of Barton’s past attempts, nonetheless, have actually failed getting the necessary support in Congress.

The act that is new like its predecessor, is tough on unlicensed operators, with strict penalties for all those caught offering games to US players. The bill demands safeguards to screen out underage players and would direct resources to aid problem gamblers.

‘Players deserve to have appropriate, on-shore system that makes sure most people are playing in an honest, fair structure,’ said Barton. ‘ The web that is complex of and neighborhood regulations now being devised could keep players at risk. I think HR 2888, the Web Poker Freedom Act of 2015, produces a federal standard and provides players proper protections. During the same time, it includes safeguards for children and problem gamblers.’

States Would Decide to Opt-in

HR 2888 would legalize and control online poker at a federal level, while allowing willing states to opt in so that operators will be certified on a state-by-state basis. The bill would also explain that all other forms of gambling other than Web poker would be illegal.

The Poker Players Alliance, despite saying recently so it would not support a bill that legalized online poker but banned other forms of online gambling, welcomed the Representative’s new legislative effort.

‘Congressman Barton’s bill is common sense general public policy that could allow qualifying states to pool players together generate a far more robust market that will drive consumer satisfaction because well as enhance state revenues,’ said John Pappas, executive director of the PPA. ‘a definite regulatory environment is within the best interest of all consumers, operators, regulators, and legislation enforcement.’