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COMPETITION GOOD FOR SPORTS FUNDING
One of the most frequently rolled out justifications for state gambling monopolies - that these are good for sports funding - has been put under the comparative spotlight by a new survey commissioned by the European Gaming and Betting Association and published this week.
The study, conductes by independent UK consultancy Sportsbusiness, revealed that a competitive and regulated gaming and betting market can also benefit sports funding. Sportsbusiness compared the sports funding models of
the UK, where a competitive market exists alongside the National Lottery monopoly, with France, where the Française des Jeux has a monopoly on both lottery and sports betting.
In the UK, a broader funding model had proved advantageous for sports, including those at grass-roots level, the study found. The average annual budget per UK National Governing Bodies (NGBs) was Euro 80.1 million compared to Euro 46.4 million in France. Commercial funding was the most important income source of revenue in both France and the UK, contributing 67.4 percent and 65.4 percent respectively.
Lottery funding accounted for 10.2 percent of revenue in France, as opposed to 7.9 percent in the UK.
The average per annum in lottery funding received by each of the French sporting federations was Euro 4.8 million, with 33.3 percent of this sum allocated for grass-roots sport and 66.7 percent on performance.
In the UK, NGBs benefited from a higher amount at Euro 6.4 million each - with 56.3 percent allocated to grass-roots, and 43.7 percent on performance, indicating that grass-roots sports funding was unlikely to suffer if more markets widened to allow competition.
Between 2004 to 2007, 4.5 percent of UK National Lottery sales were allocated to sport, while Francaise des Jeux’s contribution to sport over the same time period was only 3.8 percent.
David Henwood, Sportsbusiness director said: “Our findings indicate that differing gambling models can coexist without having a detrimental effect on sports financing and indeed a broader funding model can be beneficial for sport as a whole.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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