Industry News of the Day for April 15, 2019

New Jersey:

• Legal Sports Report, 4.12.19 – Do March NJ Sports Betting Revenue Numbers Show FanDuel Sportsbook Ready To Take Over?
  • FanDuel Sportsbook continued its recent ascent as NJ sports betting neared a record month in March.
• AP, 4.12.19 – March Madness leads to gladness for New Jersey sports books
  • A blizzard of bets from college basketball fans in March helped New Jersey to its second-highest monthly sports betting total, as March Madness translated into March Gladness for sports books.
• NJ Online Gambling, 4.12.19 – MARCH MADNESS LEADS TO MARGIN MADNESS AT NEW JERSEY SPORTSBOOKS
  • Despite tons of promotions aimed at trimming the house edge, it was a stellar March for the sportsbooks in New Jersey, who according to a recent press release unveiled by the NJ Division of Gaming Enforcement, generated a record $31.6 mm in revenue.
• iGaming Business, 4.15.19 – NJ sets sports betting and igaming revenue records in March
  • Monthly record revenue across regulated sports betting and online gambling in New Jersey helped to push total gaming revenue up by 34.5% year-on-year to $294.0m (£224.7m/€259.8m) in March.
• NJ Online Gambling, 4.15.19 – NOT SETTLING YET: NJ HORSEMEN, LEAGUES STILL $150 MILLION APART IN SPORTS BETTING LEGAL BATTLE
  • In the latest salvo in the nearly year-old $150 million lawsuit by New Jersey’s thoroughbred horsemen against five major pro sports organizations, horsemen attorney Ron Riccio references in passing the fact that, “This is, as the Leagues note, a huge amount.”

Michigan:

• Online Poker Report, 4.12.19 – Michigan Senator: Online Casino, Poker Bill Could Be To Governor By June
  • Sen. Curtis Hertel Jr. is in his first year sponsoring online gambling legislation in Michigan, but he’s not new to the effort.

Massachusetts:

• Sports Handle, 4.12.19 – Get A Grip: The Week In Sports Betting: Mass Slowdown And More
  • Earlier this year, Massachusetts Governor Charlie Baker called on state lawmakers to legalize sports betting as a new stream of revenue for the state. More than a dozen bills were filed and though no hearings have been held yet, stakeholders and lawmakers are feeling generally positive about the odds of legalizing.

Maine:

• Press Herald, 4.14.19 – Maine lawmakers could give sports betting legislation a chance
  • Mainers could put down real money on the March Madness tournament or Super Bowl as early as next year.

Ohio:

• Cleveland.com, 4.12.19 – Lawmaker details the case for sports gambling in Ohio – both online and in casinos, racinos
  • The time is right for Ohio to seriously debate how to move forward with online sports wagering and casino-style sports books under regulation by the Ohio Casino Control Commission, a leading legislator in the process told cleveland.com editors and reporters on Friday.

 

Sports League News:

• Legal Sports Report, 4.14.19 – Why Are There No NCAA Injury Reports In The Age Of Legal Sports Betting?
  • The advent of increased access to legal sports betting has created increased attention on various aspects of professional and collegiate sports that might be ripe for exploitation.
• Sports Handle, 4.12.19 – Betting Interest In Golden Knights Dips As Vegas Struggles To Recapture Miraculous Run
  • The Vegas Golden Knights opened their Western Conference title defense Wednesday with an uneven performance, outclassed by the San Jose Sharks in every facet of the game in the eyes of coach Gerard Gallant.
• ESPN, 4.15.19 – Bettor wins $1.19M on Tiger as books take bath
  • Some bookmakers, from Nevada to New Jersey, didn’t believe Tiger Woods would win the Masters. It was an expensive miscalculation.

 

iDEA Growth Member News:

• NJ Online Gambling, 4.12.19 – NJ ONLINE CASINOS OBLITERATE ALL-TIME REVENUE RECORD, WHILE GOLDEN NUGGET AND DRAFTKINGS SURGE
  • NJ online casinos absolutely obliterated their all-time revenue record in March, taking in $37.2 million, around $5.5 million more than their previous record achieved in January.

 

Overall Industry News:

• Time Square Chronicles, 4.14.19 – The Online and Mobile Gambling Revolution
  • Do fast-paced technology advances need any revelation in the 21st century? For sure not! The hi-tech implementations have propagated by and large into every walk of life. So much so that those who do not upgrade are ought to face redundancy. Gambling industry with is existence for more than 20 years is no exception to this massive disruption! It has revolutionized from traditional walk-in stores to on- the- go internet platforms that feature seamless experience right from innovative gaming interfaces to exciting casino-bonus codes!
• Baltimore Post Examiner, 4.12.19 – Gambling Online – What we can expect in 2019
  • For many years, there appeared to be little to no progress when it came to online gambling legislation in the United States. Nevada, New Jersey and Delaware were the only states that had a legalized gambling industry up and running.