Fortune: Can A.I. prevent gambling addiction? DraftKings target Entain thinks so
“As things stand, the U.S. market hasn’t evolved to the level of Europe where debate has moved on to incorporate more severe marketing restrictions, ‘affordability’ checks for customers, monitoring of betting patterns, and blanket stake or deposit limits, among other things,” says James Kilsby, vice president for the Americas at Vixio Gambling Compliance, a company that tracks betting regulations globally.
Fortune: Leading Las Vegas: A British firm is upending America’s booming online sports gambling market
The U.K.-based Entain has invested heavily in online betting technology that gives it a competitive edge. It’s also made it a takeover target in a high-stakes turf war.
Vixio, a company that tracks gambling and payments regulation, estimates the U.S. market, including both sports betting and digital casino games, could be worth $19 billion in annual revenue by 2025.
Bloomberg: FanDuel Parlays Fantasy Sports Into a $1.9 Billion Betting Boom
The company has converted a rabid fantasy fan base into a lucrative clientele for its U.S. sports-betting business.
Such bets are harder to win, meaning the company keeps a larger chunk of wagers and can out-earn rivals, says James Kilsby, a vice president at research company Vixio GamblingCompliance. “You’re betting on two contingencies,” he says. “That’s really helped to grow its market share.”
Financial Times: DraftKings makes bid to acquire UK rival gambling group Entain
The £18.4bn approach from US sports betting company comes as domestic market enjoys explosive growth
“It’s a major signal of intent by DraftKings to become a global online gambling powerhouse,” said James Kilsby, US managing director of the industry research company Vixio. “MGM has always been the presumed suitor for Entain and this has very much put the cat among the pigeons.
USA Today: Six charts show sports betting’s digital explosion with NFL season about to kick off
In just three years since the Supreme Court ruling, legal sports betting has quadrupled in the U.S. with online gambling taking off.
While there are many online sports books vying for Americans’ online gambling dollars, three companies, according to VIXIO GamblingCompliance, handle more than 80% of the online sports betting in the U.S. That includes FanDuel with nearly double the market share of No. 2 DraftKings.
Financial Times: Verizon gambles on sports betting to restore media business
The booming US gambling market grants telecoms group’s failed push into content a shot at redemption.
James Kilsby, VIXIO GamblingCompliance, said that Verizon’s NFL relationship, its 5G technology and its loyal band of millions of Yahoo Sports users mean that it “ticks a lot of boxes” as a potential big player in the fast-growing US sports betting market. He added that betting is now an “overriding[ly] mobile experience”, increasing the potential for media and telecoms groups to push into the sector.
Fox Business: Colorado sports gambling takes off with record $326.9 million worth of bets in January
More than $1.5 billion in wagers has been placed in Colorado since the state legalized sports gambling last May.
With more states establishing legal markets, the burgeoning industry will continue to expand. Consulting firm VIXIO estimated in a report last month that the sports gambling industry could bring in as much as $10 billion in total revenue by 2025.
ESPN: Record $6 billion bet with New Jersey sportsbooks in 2020
A record $6.0 billion was bet with New Jersey sportsbooks in 2020, according to revenue numbers released Wednesday by the state’s Division of Gaming Enforcement.
Gambling industry trade publication VIXIO Gambling Compliance forecasts that the U.S. sports betting market could generate upward of $10 billion in annual revenue by 2025.
ESPN: Gov. Andrew Cuomo expresses support for online sports betting in New York
Mobile sports betting could provide a significant boon. Gambling industry trade publication VIXIO Gambling Compliance estimates a comprehensive online sports betting market in New York could generate $969 million in taxable revenue and $12.5 billion in wagering handle annually by 2025.
Bloomberg: Cuomo Seeks to Legalize Mobile Sports Betting in New York
The market is expected to explode to as much as $10 billion by 2025 from about $1.6 billion last year, according to the consulting firm VIXIO GamblingCompliance. Operators can make even more money by offering casino-like games online, although that doesn’t appear to be part of the New York proposal.
Associated Press: US sports bet revenue could hit $3B in 2021; NY backs mobile
VIXIO GamblingCompliance issued a report Wednesday projecting that at least six and as many as 14 additional states will legalize or expand sports betting in 2021. That fits with projections by numerous analysts that nearly half the country may have legalized sports betting by the end of this year.
Bloomberg: Online Gambling Firms Expect Ontario to Lift Key Operator Ban
Ontario’s online gaming industry is anticipating the provincial government will move ahead soon with regulatory changes to allow private operators into the market. Canada’s most populous province unveils a new budget on Nov. 5 that is expected to be focused on the Covid-19 response. James Kilsby, our USA vice president of VIXIO GamblingCompliance, provides his insights.
Fortune: Free money, big addictions: Inside the booming world of online sports betting
If you can’t get through a football game or Twitter scroll without seeing an in-your-face promo for online sports betting lately, well, you’re not alone. Daniel Stone, head of data at VIXIO GamblingCompliance, provides his insights. “With regards to the free bets and promotional intensity, it’s almost a race to the bottom”.
BBC World Business Report: Caesars Entertainment bids for bookmaker William Hill
British bookmaker William Hill received a takeover bid from US firm Caesars Entertainment. James Kilsby is USA vice president of VIXIO GamblingCompliance, and explains how the changing regulatory picture in the US makes William Hill attractive to a US suitor.
The Times: Charities lose as lottery punters turn to offshore betting websites
The National Lottery is losing out on millions of pounds for good causes as punters turn to offshore betting websites that offer a cheaper route to a lottery jackpot. Joe Ewens, Managing Editor of VIXIO GamblingCompliance, offers his insights into this trend.
VIXIO GamblingCompliance announces 2020 Global Regulatory Awards shortlist
Today, VIXIO GamblingCompliance unveiled the shortlist for their Global Regulatory Awards (GRA). Now in their fourth year, the VIXIO GRAs recognise and celebrate the achievements of individuals, teams and businesses who have excelled in the field of compliance, corporate social responsibility and responsible gambling over the course of the year.
ComplianceOnline Rebrands to Become VIXIO Regulatory Intelligence
ComplianceOnline, the parent company of GamblingCompliance and PaymentsCompliance has unveiled a new name and brand identity, cementing the company’s position as the leading provider of regulatory intelligence.
Kester Capital Backs Management Buy-Out of ComplianceOnline
ComplianceOnline, a leading provider of global regulatory intelligence to the gambling and payment sectors, has been acquired in a management buy-out, backed by the primary buyout specialist Kester Capital.