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first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Topics: Legal & compliance Marketing & affiliates Sports betting Legal & compliance New rules will come into effect from September 28 Tags: Mobile Online Gambling OTB and Betting Shops Gambling operators in Australia are to face tougher restrictions on advertising after the country’s national media regulator confirmed plans to extend a ban on betting adverts during live sport events to cover streaming platforms.The Australian Communications and Media Authority (ACMA) announced the move earlier today (Wednesday), with the ban to apply to all sporting events streamed live between 5am and 8:30pm.The amended laws also state that gambling advertising is restricted at all other times outside this period.Last month, the ACMA set out proposals to add streaming platforms to an initial list of restrictions set out in March, which ban gambling ads during daytime live sports broadcasts on television channels.Contributions to the proposed changes were invited up to July 26.The ACMA, which made the amendments in line with the Australian Government policy on stricter advertising restrictions for the gambling industry, said the new laws will come into effect from September 28.ACMA chair Nerida O’Loughlin said: “This is the first time that online services streaming live sport have been required to comply with gambling advertising restrictions.“This brings online services in line with television and radio broadcasting services. It creates a safe zone for children and families to watch live sport across a variety of platforms.”Under the original regulations, the ban did not apply to so-called “low-audience” sports channels that attracted an average of under 100,000 unique end users per month.However, a spokesperson for the regulator told iGamingBusiness.com last month that the ACMA “no longer proposes to make this class exemption for small online content service providers”.The regulator intends to monitor the impact of the new rules over a 12-month period, after which it will consider whether to conduct a formal review of the stricter approach.Image: Flickerd 29th August 2018 | By contenteditor Australia regulator extends gambling ad ban to streaming Regions: Oceania Australia Email Addresslast_img

first_imgWynnBet, having only started taking bets on March 9, does not hold a significant market share of the wagers placed from January. Of the approved operators, Flutter Entertainment-owned Fanduel – the first to launch in the state – took the majority of the market share, at 53%. DraftKings is the state’s next largest operator with 24% of the market share, followed by BetMGM with 14%, Caesars with 8% and Rivers with 1%. Subscribe to the iGaming newsletter The Virginia Lottery has released a gaming update for the first months of legal gaming in the state, showing that a total of $628.7m was wagered on sports from the market’s opening on 21 January to 31 March. Tags: Virginia Lottery Regions: US Virginia Given the state’s 15% tax rate, this suggests adjusted gaming revenue – after accounting for promotional spend such as bonuses – of $10.2m. Operators spent a total of $30.0m on promotions between January and March, suggesting that gross gaming revenue was roughly $40.1m. Topics: Finance Sports betting Online sports betting Sportsbook AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Fanduel followed on $547,886, all of which was paid in March, suggesting $3.7m in adjusted revenue, or roughly $16.5m in gross revenue when accounting for promotional spend. DraftKings contributed $275,919, also in March.center_img Virginia sports bettors wager $628.7m from January to March While the lottery did not reveal the amount of revenue generated, $1.5m was paid in taxes by operators in the state during the period, with $38,095 going to the Problem Gambling & Treatment Support Fund. 22nd April 2021 | By Conor Mulheir BetMGM made the largest tax contribution of all the operators, at $700,025 between January and March. This suggests adjusted revenue of roughly $4.7m, and after accounting for promotional spend, suggests gross revenue of around $7.7m. Finance Read the full story on iGB North America. Fanduel also accounted for the largest share of promotion spending, at 43%, which DraftKings at 23%, Caesars 20% and BetMGM, Rivers and Wynn spending 10%, 3% and 1% respectively. Email Addresslast_img

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