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New Jersey Revenue Dips in October
New Jersey's sports betting market faced headwinds in October despite surpassing $10 billion in total wagers for the year. According to the New Jersey Division of Gaming Enforcement, betting volume reached $1.13 billion for the month, marking a 12.5% decline compared to October 2023. Revenue figures showed an even steeper drop, with online and retail sportsbooks reporting $77.5 million in earnings - a 16% decrease from the previous year and significantly lower than September's near-record $119.6 million.
If you want to open a sportsbookk, it will help to keep track of the betting trends throughout the year to plan your cash flow accordingly.
FK Sarajevo Names a New Official Sports Betting Sponsor
Meridianbet is now FK Sarajevo's new official sports betting sponsor. The soccer team from Bosnia and Herzegovina joins the gambling company's growing portfolio of partners.
According to pay per headhead reports, the new partnership deal reaffirmed Meridianbet's commitment to supporting various sports' growth. Also, it plans to increase the number of partners in the future.
Meridianbet is expanding its presence in Southeast Europe by becoming FK Sarajevo's partner. Also, the deal will help the soccer team with its finances.
BGaming Launches Dice-Themed Slot Game
BGaming announced the release of its new dice-themed slot game, known as Wild Cash Dice. According to pay per head bookie reports, it is the last of the company's dice series. Also, the first two dice-themed games are Dice Million and Dice Bonanza. The new dice game has quality sound effects and vibrant colors.
The new high-risk slot machine with a dice theme features ten paylines and an RTP of 96.12 percent. Realistic 3D dice icons of varying hues appear on the reels. In addition, the show tunes that inspired the game's soundtrack complement the reel action superbly.
According to the best pay per head bookie, Wild Cash Dice is the second new slot machine released by BGaming in as many months. Savage Buffalo Spirit Megaways, a new slot game with a buffalo theme, a maximum win of 6,000x, and an RTP of 97.04 percent, was officially released last month, according to the producer of online casino content.
The Evolution of Sports Betting
Key Points
– Sports betting can be traced back to almost the beginning of time.
– Betting on sports has been illegal in most areas of the U.S. until recently.
The Evolution of Sports Betting
The rise of sports betting over the last several years has been dramatic. For most of the U.S.’s history, sports betting has been illegal. That changed with the repeal of the Professional and Amateur Sports Protection Act (PASPA).
The U.S. Supreme Court’s ruling in 2018 has opened the door for 32 states that now offer some form of legalized sports betting. It was a long time coming, but gambling on sports has actually been around for quite some time.
It may not be the world’s oldest profession, but betting on competitive events can be traced back many years, centuries actually.
When in Rome
Chariot races were common in the days of the Roman Empire. The wealthy Romans were huge gamblers and would bet on chariot races.
Those who raced chariots would do just about anything to win. Cheating was common. Dabbling in black magic was not out of the ordinary to secure wins.
The PPH Offers the Best Gambling and Odds
There are two kinds of sportsbooks, the online sportsbook (offshore) and the brick and mortar. The online sportsbook is either attached to a privately operated website or a pay per head. The pay per head is a bookie software provider.
They provide an easy to use application built for use on a desktop or mobile. The service charges a per week, per player fee. The greatest thing about a PPH is the fact that as a bookie, you have to do nothing.
You are paying for the service they provide and the best PPH providers with the best reputations – they do everything for you. They even provide 24/7 customer support for you and your betting clients.
ESPN Sportsbook App Lets Disney to Become a Bookie
Disney CEO Bob Chapek said that the company is working on the launch of an ESPN sportsbook app. In addition, it will allow Disney to become a bookie in the future. Also, Chapek said that the company is receiving many inquiries about the venture.
Disney has been thinking of expanding into the sports betting industry. Last month, Disney talked with bookie software and sports betting platform providers. In addition, Chapek said that ESPN is the ideal medium for the sports wagering venture.
During the D23 fan event, Chapek said that the company is working hard on the sports betting app. Also, sports wagering is one of the focus points for the conglomerate.
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