Industry News of the Day for April 16, 2024
Industry News
- The Lines: Why Sports Betting Legislation Failed To Pass In Key Markets
- With the Masters having wrapped up at Augusta National in Georgia, sportsbooks should have seen a lot of wagers placed on the top-ranked golfers in the world. Unfortunately, Georgia residents were yet again unable to wager on the event despite it being held in the state. Georgia sports betting legislation failed to pass again in 2024, setting back the potential market another two years at least. Why is it so difficult for markets like Georgia to pass sports betting? Georgia, alongside California and Texas, is a major sports state with multiple professional and collegiate teams. Despite this, no regulated sports betting is available in these markets. Let’s examine why.
- SBC Americas: Meadowlark Media and DraftKings Team Up For Women-Led Sports Show
- DraftKings Network is adding to its weekly programming lineup. The free-to-watch offering announced on Monday that it will be launching a new women-led sports show, “Good Follow,” this summer. The one-hour program, hosted by award-winning content creator Megan Reyes, will be providing the latest in women’s sports on DraftKings Network through interviews and discussions. Good Follow will also see former Texas Southern University golfer Logan Hackett serve as a contributor.
New Jersey
- PlayNJ: Online Casino Revenue For March Coming To Answer Who’s No. 1 In New Jersey
- For the first time in the 10-year history of online gambling in New Jersey, we will have a much clearer picture to determine which operator is king of the mountain. For a decade, the Division of Gaming Enforcement released monthly revenue numbers and grouped operators by their shared land-based partners. While many could speculate which brands carried the flag, we never had definitive evidence regarding the hierarchy of online casinos in New Jersey. Today, we will have that missing proof. For the first time, when the DGE releases its March revenue report for online casino gambling and sports betting at 2 p.m. ET today, it will break down numbers by individual operators.
Massachusetts
- Legal Sports Report: Business By The Books: Is Bally’s Upcoming MA Launch Actually About Sports Betting?
- Bally’s still intends to launch mobile sports betting in Massachusetts by the end of June, more than 15 months after the market launched. That is according to COO Brett Calapp, who appeared in person Thursday for a Massachusetts Gaming Commission meeting that most of the commission held remotely. Calapp said “it’s taken us some time to get here” and mentioned the significant changes from their failed in-house technology to third-party providers Kambi and White Hat. The target was always some time in the second quarter, he added, but it took time to nail down exactly when. So Bally’s will, after all, launch Bally Bet with a Massachusetts sports betting license. What Bally Bet will likely be after more than anything else, though, is a funnel to iGaming in Rhode Island.
Delaware
- PlayUSA: BetRivers’ Online Gaming Reign In Delaware Challenged By Proposed Legislation
- The online gaming market in Delaware could get a lot more competitive if a new bill submitted in the state’s House of Representatives becomes law. The bill, known as HB365, would expand the number of online sportsbooks in the state, effectively ending BetRivers’ reign as the sole platform for online sports betting and casinos. The bill’s language would allow up to six sports betting operators instead of one.
Louisiana
- iGB: Louisiana Sports Betting Handle Reaches $350M In March
- Monthly spend was comfortably ahead of the $248.3m wagered in Louisiana in March 2023. It was also 27.4% more than the $274.8m bet in February of this year. This halted two consecutive months of decline, with Louisiana reporting month-on-month declines in January and February. The March total also marginally ahead of the $346.3m bet in January. Of the total spent on bets, $319.4m was wagered online and $30.6m at retail sportsbooks.