Industry News of the Day for April 30, 2024
Industry News
- Legal Sports Report: Caesars CEO Concerned Federal Sports Betting Regulation Possible
- Caesars CEO Tom Reeg said recently that he is worried the sports betting industry will face federal regulation if it does not alleviate responsible gaming concerns. Reeg said that he spent time recently responding to a letter from Sen. Richard Blumenthal about responsible gambling. Blumenthal wrote recently to eight major sports betting operators, including Caesars. He demanded that they stop using data to target problem gamblers.
- PlayUSA: Paysafe Announces New Direct Payment Option For US Online Casino Players
- Payment company Paysafe has announced the launch of a Pay by Bank offering. The new solution allows US online casino players to fund deposits instantly at operators’ cashiers. Pay by Bank offers security for both players and gambling operators. The best online casinos offer a variety of deposit and payment options.
- SBC Americas: Tipico Reportedly Close To Selling US Sportsbook
- Sports betting and online casino provider Tipico is about to sell its proprietary U.S.-facing sports betting platform, according to a report in the Earnings+More newsletter. The Tipico Sportsbook platform is a standalone product in the U.S. that is separate from the Malta-based company’s European operations.
Illinois
- PlayIllinois: FanDuel Urges Customers To Protest Against Proposed Tax Rate Hike In Illinois
- FanDuel has reached out to its users for help to prevent a proposed tax hike on Illinois’ sports betting industry. Gov. JB Pritzker has recommended an increase in taxing Illinois sports betting operators from the present 15% to 35% of sportsbook revenue, which is expected to create additional revenue of $200 million for the state of Illinois.
Massachusetts
- PlayMA: New Massachusetts Poll Shows 50% Of Residents Support Online Lottery Legalization
- The battle to bring the Massachusetts Lottery online has been fought since 2019 at the legislative level, with little movement to show for it. That’s not stopped many interested parties from voicing their support, however — including Massachusetts Lottery Director Mark Bracken. On top of Bracken’s support, a new poll has revealed that half of the Massachusetts it surveyed also support online lottery options in some form or fashion.
Arizona
- SportsHandle: Arizona Sportsbooks Claim $54 Million In Gross Revenue For February
- The Arizona Department of Gaming reported $54.3 million in gross sports betting revenue for February, as national handle surpassed $10 billion in the month for the first time in the post-PASPA era. The $637.5 million handle was up 4.6% from last year when State Farm Stadium in Glendale became the first Super Bowl to be played in a state with legal commercial wagering.