The timing couldn’t be more strategic. These measures will be enforced just two days before the World Cup final, a period traditionally marked by a spike in betting activity and promotional campaigns. Finance Minister Dario Durigan emphasized that enforcement won’t be limited to betting operators alone. Authorities plan to target advertising agencies, social media influencers, and other entities involved in disseminating or amplifying gambling promotions that could entice consumers.

Brazil’s licensed betting industry has largely expressed support for the new restrictions. The National Association of Games and Lotteries (ANJL) described the measures as a “positive step,” stating that clear rules help differentiate legitimate, regulated operators from illegal ones. They also argued that companies with federal licenses should be able to operate under predictable regulations, provided they adhere to the new marketing standards.

However, ANJL cautioned that tighter advertising controls alone won’t resolve the country’s ongoing challenges. They pointed out that illegal betting platforms continue to promote their services despite lacking official authorization, often dodging taxes and ignoring consumer protections. These unlicensed sites are frequently found without anti-money laundering safeguards, fail to prevent underage access, and lack measures to combat compulsive gambling.

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The association further warned that unlawful advertising tarnishes the reputation of the regulated industry and called for stronger enforcement from Brazilian authorities. The advertising restrictions are part of a broader strategy by President Luiz Inácio Lula da Silva’s government to tighten regulation of Brazil’s rapidly expanding online gambling market. Last month, Lula signed a decree empowering authorities to freeze assets linked to illegal betting operators. The latest measures on advertising aim to reduce the visibility of these unlicensed platforms while imposing stricter standards on the legal industry.

Rather than solely targeting betting companies, regulators are now taking a more comprehensive approach by scrutinizing the entire advertising ecosystem. This shift indicates that anyone involved in gambling promotions, including agencies and influencers could be held accountable if they violate the new rules. For licensed operators, the message is clear: marketing practices will be under increased scrutiny, and enforcement efforts are set to target not only illegal operators but also the broader network of promotional channels that support gambling advertising. The goal is to create a more transparent, responsible betting environment in Brazil as the industry continues to evolve. Brazil Betting Ads

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Approved by the Provincial Chamber of Representatives on June 18 and enacted through Decree No. 1,156, this legislation introduces a range of measures designed to curb underage gambling activity. Notably, it regulates online betting advertisements, tightens control over intermediaries known as “cashiers,” and mandates protocols for schools to respond to potential threats.

Argentina has seen a rising tide of concern over minors engaging with online betting platforms. Over the past year and a half, various initiatives have emerged across the country to prevent underage gambling and enforce stricter controls. The law’s most prominent feature is a ban on advertising online betting directed at minors, including the prohibition of using influencers, characters, or other child-related elements in promotional campaigns. Additionally, a registry has been established to monitor operators, advertisers, and agencies involved in online betting promotions within Misiones.

Operators are now required to implement mechanisms that prevent minors from being exposed to such advertisements and to retain relevant documentation for five years. Every gambling advertisement will also feature responsible gambling notices, providing information about risks and available support services.

Read Also: Argentina Advances Federal Law to Regulate Gambling and Target Unlicensed Operators

To bolster enforcement, the law introduces a digital reporting platform where violations can be flagged. Educational institutions will be tasked with following specific protocols when responding to viral online challenges or situations that could threaten minors’ safety. An early warning system, utilizing monitoring tools and artificial intelligence, will be established to identify and flag potentially risky situations involving children and teenagers. Those who fail to comply with the new regulations be they operators, intermediaries, or advertisers face administrative penalties.

Looking ahead, the province plans to dedicate funds for awareness campaigns, training initiatives, and programs aimed at addressing problem gambling within digital environments. A review process will be conducted every two years to assess the law’s impact on young people. An intersectoral advisory council will be created to oversee and support public prevention policies, and the province will observe the annual Healthy Digital Habits Week each February to promote safe online practices. At its core, the legislation reaffirms the prohibition of minors’ participation in any form of gambling: whether physical or virtual, reflecting Misiones’ unwavering commitment to child protection in the digital age. Misiones Law Gambling

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One of the major highlights? The online sports betting tax is set to rise from 18% to 23%, positioning North Carolina among the states with the highest betting taxes in the country. Industry insiders warn that this increase might have some unintended effects, like fewer promotions and less favorable odds for players, as operators try to manage higher costs. There’s also concern that a less competitive market might push some bettors toward offshore sites that evade regulation and consumer protections.

The package, which has been in the works behind closed doors among Republican leaders, is expected to get final approval in the Senate soon and then head to Governor Josh Stein’s desk. While it doesn’t touch personal income taxes, it does introduce new measures aimed at improving compliance and closing loopholes most notably, a reporting requirement for sports betting companies to share data on customers earning more than $2,000 from bets.

This move aims to curb under-reported gambling income and improve transparency. Alongside this, the state has agreed to boost the sports betting tax rate from 18% to 23%, a change proponents say will bring in more public revenue even if the overall financial benefit is expected to be modest relative to North Carolina’s broader budget needs.

Read Also: Brazilian Organizations Back Federal Effort to Combat Illegal Betting Activities

Once the new tax rate takes effect, the big question will be how major sportsbooks respond. Will they absorb the extra costs, or pass them on to players through higher prices or smaller promotions? We’ve seen similar situations play out in Illinois, where operators like BetMGM, Hard Rock, and Rush Street Interactive introduced measures such as minimum bets and small fees after tax hikes, directly impacting bettors.

Supporters of the bill argue it’s the result of careful review and negotiation, emphasizing the complexity and scope of the legislation. But critics are raising concerns about the process, warning that some provisions were added late without enough scrutiny and cautioning about potential unintended consequences for economic growth.

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The announcement was made jointly by Finance Minister Dario Durigan and Daniele Cardoso, head of the Secretary of Prizes and Betting (SPA). Their goal is to foster greater openness and accountability in the regulation of Brazil’s growing betting market.
Minister Durigan emphasized the government’s commitment:

He added that personal data and sensitive information will be carefully redacted prior to publication to ensure compliance with data protection laws. The process will be carried out in collaboration with the Comptroller General of the Union to speed up the release of documents while safeguarding privacy and confidentiality.
This move aligns with Brazil’s ongoing efforts to tighten oversight over its newly regulated betting industry, especially after facing criticism regarding previous restrictions on access to licensing information.

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Daniele Cardoso highlighted the importance of increased monitoring:
“We are reinforcing monitoring and oversight actions during the competition period. We have already instructed regulated agents on the need for strict adherence to the responsible gaming rules stipulated in the legislation, we will intensify the monitoring of the campaigns.”
As part of these initiatives, Brazil is set to host its inaugural Responsible Gaming Seminar on June 16, signaling its commitment to promoting responsible gambling practices across the sector. Brazil Betting Transparency

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The announcement has sent shockwaves through the gambling industry, leading to strong reactions from various operators and industry associations. The Nederlandse Online Gambling Association (NOGA), the Association of Gaming Operators in the Netherlands (VAN Kansspelen), and the Dutch Association of Lottery Providers (VNLOK) jointly expressed their deep concerns over the proposed tax increases. In a statement, they highlighted that while the government’s phased approach indicates an acknowledgment of potential adverse effects on gambling policies and revenue, it fails to reassure stakeholders about the long-term viability of regulated gambling.

“We react with great concern to the government’s intention to increase the gambling tax,” the associations stated. They emphasize that the significant rise in tax burdens could lead to a mass exodus of operators from the regulated market, resulting in reduced tax revenues and an uptick in illegal gambling activities. These outcomes are contrary to the Dutch government’s objectives of ensuring consumer protection and preventing gambling-related problems such as addiction, fraud, and crime.

Alarmingly, the organizations anticipate that these tax changes will drive some consumers toward unregulated and potentially dangerous platforms, creating a public health risk while posing a challenge to the established order aimed at safeguarding players.

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Earlier in the week, Flutter Entertainment—one of the largest gambling operators globally—announced its decision to exit the Dutch market by early next month, citing these tax increases as a key factor in their departure. The company remarked on its website that it would be more prudent to invest resources in larger or emerging markets rather than contend with the increasingly stringent regulations and tax burdens in the Netherlands.

Holland Casino, the state-owned gambling entity, previously warned about the ramifications of the expected tax hikes during its mid-year financial results announcement. Petra de Ruiter, CEO of Holland Casino, described the impending 7.3% increase as “irresponsible.” With the total tax burden potentially nearing 50%, De Ruiter cautioned that this financial pressure diminishes their operational viability, creating conditions where winning back customers could require ethically questionable measures or reduced prize payouts.

She voiced her concerns about the broader implications of this tax strategy, stating, “Unlike supermarkets, we are not able to pass on price increases properly. The planned investments in our prevention policy will also come under pressure.”

The associations representing operators stress the urgent need for the government to reconsider its financial objectives in the context of the overarching gambling policy. They called for a balanced dialogue between the state and industry stakeholders, ensuring that the goals of fostering a safe and regulated gambling environment do not sacrifice financial stability.

As the government moves forward with its budget plan, the fate of the Dutch gambling market hangs in the balance. Stakeholders from across the industry are left grappling with potentially significant changes that could reshape the landscape of legalized gambling in the Netherlands. The questions remain: Will the government heed the warning of industry leaders? And at what cost will these new tax policies come? Only time will reveal the true impact of these fiscal strategies on the regulated gaming sector and its ability to protect consumers.

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New York mobile sports betting handle was $1.97bn during the month. This was up 45.9% year-on-year and the biggest amount since the record month of November 2023.

Net revenue to platform provider was $99.6m. This was also the second highest figure since New York’s legal sports betting market was introduced at the start of 2022.

FanDuel still top in New York sports betting!

FanDuel remained the biggest winner in New York during May, achieving GGR of $88.0m. This was from handle of $747.5m. While second placed DraftKings took in handle of $812.3m, GGR was $84.2m.

Caesars Sportsbook was the only one of the other seven operators to post GGR of above $10m. From handle of $160.0m it generated GGR of $11.1m.

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BetMGM announced handle of $117.3m and GGR of $8.1m, while Fanatics brought in GGR of $7.0m from $71.7m.

New York goes from strength to strength!

Since New York opened its legal online sports betting market in January 2022, the state has seen impressive growth.

New York is some way clear of other, longer established regulated betting markets in other US states. These include New Jersey and Indiana, which have been open a good few years longer than New York but now flag behind in terms of both revenue and handle.

This growth also makes New York the largest contributor for sports betting tax. Earlier this year, the Quarterly Survey of State and Local Tax Revenue (QTAX), carried out by the United States Census Bureau, confirmed this.

According to the report, New York contributes over 37.0% of total tax revenue generated by sports betting in the US. 

During Q3 of 2023, sports betting accumulated national tax and gross receipts of almost $506.0m. New York contributed $188.5m to this total, nearly five times higher than Indiana’s $38.6m. 

However, it is worth noting that no state has a higher tax on gross gambling revenue than New York’s 51%.

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Allwyn International has released its preliminary unaudited financial results for the first quarter of 2024, reporting a 28% year-on-year increase in total revenue, reaching €2.11bn ($2.3bn). 

This growth was primarily driven by contributions from the United Kingdom segment, consolidated from February 2023 and the Allwyn LS Group, consolidated from March 2023.

Excluding these contributions, the company saw a 3% year-on-year growth in total revenue. Revenue from gaming activities (GGR) increased by 27% to €2.02bn, while net revenue rose by 16% to €940.9m. Adjusted EBITDA grew by 3% to €357.8m, though the adjusted EBITDA margin decreased by 4.7 percentage points to 38.0%.

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Capital expenditure (CAPEX) saw a significant rise of 84% year-on-year, totalling €45.0m, mainly due to increased investment in the United Kingdom to support Allwyn’s transformation plans for the UK National Lottery.

In Q1 2023, Allwyn completed the acquisition of Camelot UK, the operator of the UK National Lottery until 31 January 2024 and Allwyn LS Group, the operator of the Illinois Lottery. These acquisitions have impacted the company’s consolidated metrics and comparability with previous periods.

CEO Robert Chvatal commented: “I am pleased to report that 2024 has started well, with solid operational and financial performance in the first quarter, supported by our ongoing focus on our growth strategies. Q1 also included a key milestone in Allwyn’s history, with our successful start of operation of the UK National Lottery under a new 10-year licence.”

In addition to organic growth, Allwyn pursued inorganic growth strategies. The company announced plans to acquire a 70% ownership interest in Instant Win Gaming (IWG), a supplier of online instant games, to enhance its content offerings. This transaction is expected to close in the second half of 2024.

Financially, Allwyn raised €500m through a bank facility in March 2024 and syndicated a $450m Term Loan B facility. As of 31 March 2024, the company’s net debt to adjusted EBITDA ratio stood at 2.1x.

Allwyn has also continued its corporate social responsibility initiatives. The company partnered with the Peace Race for the second consecutive year, supporting the cycling tour aimed at promoting peaceful cooperation within central Europe.

The post Allwyn Q1 2024 financial results Show a 28% Rise in Revenue! appeared first on iGaming Amerika.

Since its founding in 2010, Habanero has established itself in a competitive market, being shortlisted for multiple titles at the Asia Gaming Awards in 2016.

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As part of NetBet Denmark’s partnership with Habanero, players can enjoy a series of excellent games – such as Legendary Beasts, Zeus Deluxe and Meow Janken – as well as other titles from the online casino provider.

NetBet Denmark’s PR manager, Claudia Georgevici, said: “NetBet aims to provide our players with the best possible gaming experience. Habanero has a wide variety of excellent slots and table games, and we are thrilled for our customers to experience their games for themselves as part of this exciting agreement.”

About NetBet!

NetBet delivers the ultimate online casino and sportsbook experience for its players across the globe. Alongside sports betting and casino, players have also enjoyed Lotto, Live Casino, and Poker products. With access to multiple languages across all its registered markets, thousands of industry-leading casino games and daily sports events, NetBet has evolved into one of the world’s favourite online gaming brands.

NetBet provides its users with a friendly environment, total security and reliable navigation. Its features are recognized by flagship organisations specializing in regulating and controlling online gaming sites.

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There are six games left in what has been one of the most fiercely contested Premier League title races in years. The story took a huge twist on Sunday, with leaders Arsenal and second-placed Liverpool both losing at home, putting previously third-placed Manchester City in the driver’s seat.

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Nothing new For Chairman Fred Done!

Giving an early payout is what Fred Done does the best and his company has an history of this. This marks the ninth occasion in which Betfred has called the league before its conclusion and offered early payouts. However, of those nine, six have been correct, two incorrect, and one still remains to be.

Back in March of 1998, Fred Done backed his own club Manchester United to win the league. United then proceeded to lose a 12-point lead at the top of the table, which resulted in Arsenal clinching the title by one point.

More Over, he again in 2012 – backed his team to secure the trophy, paying out on United to win the league early – only for Sir Alex Ferguson’s men to blow an 8-point lead, and lose to Manchester City on goal difference in a remarkable final day of the season. 

On the early payment,Done said: “I watched both the Liverpool and Arsenal games yesterday and for me, it’s game over because Manchester City are going to win the Premier League this year. There’s no danger of that. Liverpool look as if they’re beat. They’re gone. For anybody that backed Manchester City before 2pm on Sunday, I’m paying out on City to win the Premier League from now. Go and get your money.”

The early payout has resulted in a £750,000 ($935,000) cost for the operator.  

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