Industry News of the Day for May 1, 2024
Industry News
- Legal Sports Report: DraftKings Wins Preliminary Injunction Against Former VIP Head
- DraftKings successfully lobbied the District Court of Massachusetts for a preliminary injunction against a former executive accused of stealing confidential company information to take to a rival. On Tuesday, the court issued a preliminary injunction against Michael Hermalyn, the former head of VIP operations at DraftKings before making a sudden move to Fanatics for a similar role at the end of January. The two sides have been engaged in court since then concerning Hermalyn’s nondisclosure and noncompete agreements signed with DraftKings.
- iGB: AGA Survey Highlights Slowed But More Sustaineble Q1 Growth In The US
- The AGA Gaming Industry Outlook stated the Current Conditions Index for Q1 2024 was 102.8. The AGA stated this was consistent with real annualised growth of 2.8%. The Current Conditions Index analysed economic activity in the US casino gaming industry, such as gaming revenue and employee wages.
Minnesota
- PlayUSA: Lawmakers Nearly Succeed In Stripping Sports Betting From Minnesota Sports Betting Bill
- Many Minnesota House representatives don’t believe Minnesota sports betting legislation stands a chance in the Senate this session amid escalating fighting between Minnesota Indian tribes and the state’s horse racing industry. Tuesday in the House Taxes Committee, an amendment to strip HF2000 of sports betting and daily fantasy sports regulation, leaving only a tax cut for charitable gaming, failed by a single vote, 9-10-2. Committee Republicans led the vote to remove sports betting.
Alabama
- Bonus: Alabama Lawmakers Reach Compromise On Gambling Bill, Need To Find One More Vote In Senate
- Alabama lawmakers are as close as they could possibly be to passing a gambling expansion bill without having done so yet. The Senate and House members tasked with finding a compromise on the legislation managed to do so this week, but the Senate remains one vote short of what it needs to pass the bill.
Ohio
- SportsHandle: Ohio Sports Betting Handle Hits $809 Million For March
- The Ohio Casino Control Commission and Ohio Lottery reported a combined $809.3 million in sports betting handle for March, likely earning the Buckeye State a top-five status for the month. Ohio edged out Pennsylvania to move into the No. 3 spot provisionally, with only Illinois likely to bump them from a top-three status among states yet to report March figures. It was the second time in the first three months of 2024 the Buckeye State had a higher handle than Nevada, which slipped to fifth at $785.3 million.