iGaming Weekly Recap (November 11 – 17): The Earnings Season
This week in iGaming was a mix of legislative updates, financials and regulatory changes. From state-level decisions impacting the betting market to major player updates on revenue growth and operational changes, it’s been a wild ride. Check out the top stories shaping the iGaming world right now!
On USiGamingHUB we spoke to experts about the current challenges in the affiliate industry and the impact of Google policy changes on sports gambling affiliates. We looked at the problems faced by affiliates like XLMedia, Better Collective and Catena Media and how they are too reliant on search traffic and not growing enough. Industry experts share their views on the future of the affiliate market and how innovation, flexibility and traffic source diversification are key to success.
DraftKings Q3 2024 report shows 39% revenue growth to $1.1bn despite $293.7m net loss. The company saw growth in unique players and introduced new features to increase customer engagement. DraftKings is optimistic for 2025 with revenue and profit growth expected.
Better Collective, a media and affiliate marketing company in the sports betting industry, reported 8% revenue growth in Q3 2024 to €81m. However the company faced challenges from reduced partner activity in the US and a slowdown in Brazil which resulted in 6% organic decline. In response Better Collective implemented a cost reduction programme which included the redundancy of over 300 people to streamline the business and ensure long term stability.
Flutter Entertainment, the sports betting and gaming company, reported big revenue growth in Q3 2024. The growth was driven by strong US performance where revenue was up 51% and other regions. This was due to increased player engagement, new product launches and good financials including EBITDA profit.
New Jersey is considering a ban on betting on individual players in collegiate sports. The reason is that it could put too much pressure and harassment on student athletes. The main reason for the ban is to protect student athletes who are more exposed to bettors than professional athletes. Some lobbyists argue the ban will drive betting to the black market where there are no legal protections. But proponents of the ban say it’s necessary to preserve collegiate sports integrity.
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