As the summer temperatures rise, sports betting activity in has decidedly cooled off.
According to the North Carolina State Lottery Commission, state sports betting users wagered more than $398.25 million in the month of June, the lowest recorded handle in the four months the state has offered sports betting.
The slowdown is not unexpected, as most states experience a dip in the summer months when the betting markets are limited.
Lowest Totals Since Launch
Both the sports betting handle and gross gaming revenue totals were the lowest in North Carolina since launch. The state lottery commission reported $398,251,464 in total handle on sporting events, including paid wagering revenue and promotional wagering revenue.
Additionally, the state reported $40,3…
gaming regulators are hoping for answers on a practice that few outside of the sports betting industry know much about.
Members of the Massachusetts Gaming Commission (MGC) today discussed the best options for an upcoming discussion (or public meeting if one commissioner gets her way) on the practice of sports betting operators placing betting limits on users. Seven of the eight licensed Massachusetts operators the MGC s initial meeting on the practice this past May, but have since agreed to participate.
The MGC did hint today that there may be new regulations on this practice after the discussion takes place.
Avoiding a Waste of Time
The MGC today discussed potential parameters and goals for the upcoming meeting. The meeting is expected to include a conversat…
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New Customers only. Up to £100* in Bet Credits. Sign up, deposit £5* or more to your account and bet365 will match your qualifying deposit in Bet Credits when you place qualifying bets to the same value and they are settled. Min odds/bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply.
Significant Terms and Conditions
• Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for a 100% matched amount in Bet Credits, up to a maximum of £100*. Once claimed, your Bet Credits will be held in your account balance and are non-withdrawable.
• To release your Bet Credits for use, you must place qualifying bets to the value of y…