Newgioco reports “robust increase” in sports betting handle

Return of NASCAR and golf in US among reasons for optimism.

Newgioco Group has reported a “robust increase” in sports betting handle as COVID-19 restrictions continue to ease worldwide.

Though the gaming firm has primarily seen increases in Europe, where soccer has resumed in Germany and Spain, and other leagues and sports are set to resume in the near future, Newgioco also credited the return of NASCAR racing.

In the US, golf’s continuation and scheduled resumptions of the NBA and NHL also give the company considerable hope for further gains.

Newgioco CEO Mike Ciavarella said: “Revised league play schedules could likely mean thousands of matches will be played over the next few months, which despite the three-month lockdown from March through May gives us great confidence we can achieve our stated performance goals through the remainder of 2020.

“Additionally, the restart of North American sports events such as Nascar Racing, golf events and leagues such as the NHL, NBA along with several others are contemplating a start within a few months would represent key developments in returning to normal operations.”

Tim Poole

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