New York online sports wagers reach $16.40bn in FY22
Consumers in New York spent $16.40bn betting on sports online during the first full financial year of regulation in the US state, while revenue for the period reached $1.46bn.
New York opened its legal online sports betting market in January last year and the state’s 2022 financial year ran from April 2022 through to the end of March this year.
Looking to the final month of the financial year and handle stood at $1.79bn, which was up 9.1% from $1.64bn in March of last year and also 21.8% ahead of $1.45bn in February this year.
Gross gaming revenue was up 42.4% year-on-year to $162.8m, with this figure 50.3% higher than in February 2022.
Norway likely to introduce DNS website blocking for unlicensed operators from 2024
Several proposals to force internet service providers (ISPs) to block gambling websites have previously been submitted to Norway’s legislature in recent years, but none were approved by politicians in the country.
Now, however, Culture Minister Anette Trettebergstuen has said DNS blocking will make it more difficult for unlicensed companies to operate in Norway and a proposal to enforce the new rule is set to be presented to Norway’s supreme legislature, the Storting, in the autumn.
New rules are likely to come into force from 1 January 2024, according to E24.
Premier League clubs vote to ban front-of-shirt gambling sponsorship
A vote was taken by the clubs and the outcome has seen the league outlaw gambling sponsorship, despite it being one of the most lucrative options for Premier League teams outside the big six (Manchester United, Arsenal, Tottenham Hotspur, Chelsea, Manchester City and Liverpool).
It is thought that the up-and-coming White Paper on Gambling wouldn’t expressly recommend a ban on gambling advertising in the Premier League because it was expected that the clubs would vote to outlaw the sponsorship independently.
It is estimated that the sponsorship from gambling companies is valued at £52m ($65m), and the loss of the revenue for smaller clubs in the Premier League could only increase the divide between the big six and the other 14 clubs.