SBC CIS Weekly Digest: 14 — 18 November

Each week, SBC CIS editors look back at the events of the previous week to highlight the most interesting and resonant ones for you.

New York generates a record sports betting revenue, 4H Agency publishes an overview of gambling markets in Kazakhstan and Uzbekistan, Parimatch Tech brought together Ukraine’s most prominent sports icons, businessmen and govt representatives in their own panel at Web Summit, also announced a launch of their gaming platform as a B2B product, FAVBET has launched a new charity YouTube show to help the Armed Forces of Ukraine, and SBC has announced the dates and places of its events in 2023.

Read about these news in detail in our digest below.

In October 2022, online sports betting sales in New York, USA reached $1.46 billion. According to the report by Gambling Commission, sales were up 22.8% compared to the previous month, which is the highest rate in the past six months.

The turnover from online sports betting was $145.7 million. This is $12.4 million more than the previous month. FanDuel led the online sports betting market with $609.1 million in wagers and $76.4 million in revenue. DraftKings came in second with $41.1 million in revenue and $534.6 million in sales. Caesars Sportsbook came in third with $14.9 million in revenue and $195.2 million in sales.

The tax income from accepting online sports betting is $74.3 million, and the income of an online operator in New York is taxed at a rate of 51%.

4H Agency, an international gambling consulting company has published a brief overview of the current dynamics and regulatory factors affecting the structure of the gambling business in Kazakhstan and Uzbekistan. The piece is conveniently divided into three parts — Market Overview, Regulatory Overview, and 4H Expert View on the current state of the market in each country.

At this year’s Web Summit in Portugal, Parimatch Tech ran their own panel dedicated to the discussion of the ongoing war in Ukraine, its business climate, relationships inside the market and prospects of what to expect going forward. Panelists shared their unique approaches on how to overcome problems and maintain influence, despite the difficulties that come with war. And just take a look at the lineup of panelists at the Parimatch Tech panel —

  • Oleksandr Usyk — Ukrainian professional boxer, world champion, and Parimatch Responsible Gambling Ambassador;
  • Evgen Belousov — Deputy CEO at Parimatch Tech;
  • Nataliia Hilevych — CEO at Parimatch Ukraine;
  • Oleksandr Bornyakov — Deputy Minister of Digital Transformation of Ukraine;
  • Vadym Voitiuk — Principal Solutions Architect at AWS.

The panel touched upon the topics of changes in the business environment in Ukraine, what other countries should learn from Ukraine right now, and what to expect from Ukraine going further. Please take a look at the original publication on SBC CIS for more details on Web Summit’s Parimatch Tech panel.

On a separate note, Parimatch is about to introduce a new type of department to manage the relationship between a company and its B2B partners. The company CEO believes their product, which is a platform for sports betting and online-casino is ripe for making a pivot towards becoming a standalone B2B offering and would be most interesting to those brands who are operating the high amount of transactions. 

Ukrainian sports betting and online casino brand FAVBET in conjunction with their own charity foundation launched a new media project called «Pimp the Ride for the AFU» with an aim to help the Armed Forces of Ukraine in a new, fresh and entertaining manner. For the second month in a row, they are supplying combat units with pre-loaded vehicles, motivating Ukrainians to more actively donate to the army. In anticipation of five out of ten cars donated by the project being sent to the front lines, the company explained why they decided to turn the charity project into a show.

And finally, SBC has announced its plans to host five events in 2023. The geography of events is no secret — next year SBC is expecting to meet the best in the business in Malta, New Jersey, Toronto, Barcelona and Miami. Save the dates: 

  • CasinoBeats Summit: InterContinental, St. Julian’s, Malta (March 21-23, 2023)
  • SBC Summit North America: Meadowlands Convention Center, New Jersey (May 9-11, 2023)
  • Canadian Gaming Summit: Metro Toronto Convention Center, Toronto (June 13-15, 2023)
  • SBC Barcelona Summit: Fira Barcelona Montjuïc, Barcelona (September 19-21, 2023)
  • SBC Summit Latinoamérica: Seminole Hard Rock Hotel & Casino, Miami, Florida (October 31 – November 2)

Rasmus Sojmark, SBC’s CEO & Founder, said: «2022 was undeniably a fantastic year for SBC. We broke attendance records, grew our workforce to 100 team members and created unforgettable memories for our exhibitors, sponsors, speakers and attendees. 

It feels great to announce the five events for everyone to add to their 2023 calendars. Our ambitions for next year are higher than ever — as usual, we will strive for excellence and do our absolute best to surpass the industry’s expectations by delivering world-class business, knowledge and networking opportunities».
Stay tuned for more news this week and don’t forget to subscribe to our Telegram channel!