Industry News of the Day for April 12, 2023

By iDEA | April 12, 2023

Industry News

  • Sports Handle: American Gaming Association Hits Wrong Note In Response To Hit Piece
    • Back on March 27, The Hill published an opinion piece by Sheldon H. Jacobson, Ph.D., a computer science professor at the University of Illinois Urbana-Champaign. The title of the piece, “Will online sports gambling kill America,” seemed … just a bit outside. Don’t get me wrong — I love a good sensational headline.

Kentucky

  • PlayKentucky: Kentucky Sports Betting’s 18+ Age Restriction Shouldn’t Cause Problems
    • Kentucky is the front-runner to be the next state to launch a legal sports betting market. And it’s doing so as one of the few states to allow 18-year-olds to wager. At the end of March, Gov. Andy Beshear signed Kentucky sports betting legislation into law. The move legalized online and in-person sports betting for anyone 18 and over.

Maryland

  • SBC Americas: Maryland Lawmakers Approve Two New Sportsbook Marketing Laws
    • Sports betting advertising was on the minds of Maryland lawmakers this session as not one but two different bills cleared the legislature and are headed to Gov. Wes Moore’s office for signature. Last week lawmakers approved SB620 with unanimous support. The bill prohibits state universities from entering into marketing deals with sportsbooks.

Michigan

  • PlayMichigan: Detroit Casinos Report $119 Million In March Revenue; First Quarter Up From 2022
    • Led by MGM Grand, Detroit’s three retail casinos reported a 12.2% increase in revenue from slots and table games in March compared to February, with a figure of $117.8 million. Total aggregate revenue, which includes sports betting revenue, was $119.2 million this past month. In 2022, that figure was $122.8 million.

North Dakota

  • Gaming Today: North Dakota Votes Down Proposal for Statewide Online Sports Betting
    • North Dakota is leaving online sports betting to its tribal nations for now. The North Dakota Senate on Monday voted down a proposal (HCR 3002) that would have put a statewide sports betting amendment before voters, instead rejecting the proposed amendment on a vote of 16-30. The legislation had initially passed the House 49-44 on Jan. 12.

Ontario

  • Legal Sports Report: Analysis: Can Ontario Sports Betting Market Shake Off Slow First Year?
    • Commercial Ontario sports betting is a year old, but plenty of room remains to grow. Since the regulated commercial ON sports betting market opened April 4, 2022, the iGaming market has attracted CAD $35.6 billion (USD $26.5 billion) in wagers, according to a release from iGaming Ontario last week. Operators in the province generated CAD $1.4 billion (USD $1 billion) in revenue, but regulators do not separate iCasino and sports betting.

Pennsylvania

  • The Center Square: Pennsylvania Looks To Bring Skill Games Under Gambling Regulation
    • More oversight for the gambling industry could be coming to Pennsylvania, this time focused on skill games.  proposed regulation would centralize a monitoring and control system and create a tax structure that could bring in hundreds of millions of dollars to state coffers, advocates say.

Texas

  • KWTX: Economist Weighs In On How Casinos Would Impact Central Texas
    • As the Texas house bill that would make sports betting and casinos legal inches closer to the house floor, a Texas A&M Central Texas professor said, if the bill passes, Central Texas could see some direct impacts. Dr. Rob Tennant said there are multiple gains and drawbacks to the bill’s passage, but there’s a chance a casino could come to the Central Texas area.

Vermont

  • PlayUSA: Sponsor Has ‘No Doubt’ Vermont Sports Betting Headed To Finish Line
    • Sportsbook operators appear ready to complete the set of New England properties this year by adding Vermont sports betting to the fold. After getting HB 127 through the House, Rep. Matt Birong is certain that Vermont sports betting legislation will reach the finish line by next month.
Posted in Daily Clips