Industry News of the Day for April 14, 2023
Industry News
- Legal Sports Writer: LSR Q+A With Betr CEO Joey Levy: Can Microbetting Make A Dent?
- Joey Levy, CEO of microbetting-focused sportsbook Betr, sat down recently with LSR to discuss his patient approach to the sports betting market, brand affinity over awareness, and eventually expanding beyond traditional sports betting. The venture is backed by YouTuber-turned-boxer/influencer Jake Paul. It is currently available in Ohio, its first state to launch in January 2023.
- The Nevada Independent: IGT Expands Sports Betting To New Mexico, Extends Operations In Rhode Island
- Gaming equipment provider International Game Technology (IGT) landed its first sports betting technology contract in New Mexico at the Santa Ana Star Casino. IGT said last week it installed its sports wagering platform and betting kiosks and is now providing odds-making services to the Pueblo of Santa Ana tribe, which previously used another sports betting company’s technology.
Illinois
- PlayIllinois: Illinois Casinos Charge Into April After 12% March Revenue Growth
- After a down February, Illinois casinos bounced back and generated $131 million in adjusted gross revenue (handle minus win payouts and promotions), marking a 12.2% increase over the previous month. March was a solid month for Illinois’ 12 casinos. The properties brought in $131.0 million compared to $115.0 million in February, good enough for a 12.2% increase.
Michigan
- iGB North America: Detroit Casino Revenue Down 2.6% To $119.2m In March
- Gross gambling revenue from Detroit’s three commercial casinos fell 2.9% to $119.2m in March compared to the $122.8m that the venues achieved in the previous year. Table games and slots dominated the total, generating $117.8m as opposed to the $1.4m received from retail sports betting.
Nevada
- CDC Gaming Reports: Nevada Gaming Officials Discuss Regulatory Overhaul, Per Governor’s Mandate
- The Nevada Gaming Control Board met Wednesday to propose regulatory changes that officials say are outdated or reduce burdens on operators, without harming state oversight. The workshop was part of a statewide directive from Gov. Joe Lombardo to review all existing regulations and propose the removal of at least 10.
New York
- SBC Americas: New York Sports Betting Continues To Break Records In March As Nearly $1.8bn Wagered
- New York’s mobile sports betting market continues to set records as March’s revenue figures showed that the Empire State earned $163m in GGR. That total eclipses the previous record of $149m, which was set in January and represents the sixth time in seven months that GGR has topped $140m in New York State.
North Carolina
- WUNC: In Addition To Sports Betting, Casinos Could Be Considered By North Carolina Lawmakers
- State lawmakers are expected to legalize online sports betting this year. But it’s not the only change they’re considering making to gambling laws. Rep. Jason Saine, R-Lincoln, is sponsoring the sports betting legislation. It recently passed the House and is expected to have majority support in the Senate. Saine told the WUNC Politics Podcast that legislators are also talking about legalizing casinos.
Ohio
- Gambling News: Ohio Lottery Director Resigns Amid HR Investigation
- Cleveland TV station WKYC reported that Ohio Gov. Mike DeWine has announced an independent investigation into alleged HR irregularities involving former Ohio Lottery director, Pat McDonald. It was originally reported that McDonald was escorted from his office by state troopers, but this was later clarified to say that McDonald was escorted by two members of DeWine’s staff, chief of staff Stephanie McCloud and chief counsel Matthew Donahue.