Industry News of the Day for April 22, 2024
Industry News
- SBC Americas: Isaiah Rodgers Lone Eligible NFL Player Not Reinstated For Gambling
- The NFL has reinstated five of six eligible players suspended in 2023 for violating the league’s gambling policy. America’s most popular sports league has reinstated Washington Commanders defensive end Shaka Toney along with wide receiver Quintez Cephus, defensive end Rashod Berry, safety C.J. Moore, and defensive end Demetrius Taylor, who are all free agents.
Delaware
- Legal Sports Report: Delaware Lottery, BetRivers Parent Oppose Sports Betting License Expansion
- The two organizations involved in online sports betting in Delaware are against recent legislation that would expand the market to up to six sportsbooks. Both the Delaware Lottery and Rush Street Interactive (RSI), the parent company of sole online DE sports betting operator BetRivers, are against HB 365. A disjointed effort between the Delaware Lottery and the legislature led to these crossroads. Frank Cooke filed in late January 2023 to authorize a legislative study group on Delaware sports betting. That was two weeks after the Delaware Lottery formally launched its RFP for a new online gaming partner.
Kentucky
- Gaming Today: KY Sports Betting Handle Drops Below $250M For First Time Since Launch
- The Kentucky Horse Racing Commission reported online sports betting handle of $198.5 million in February, a sharp decline from January’s total of $246 million in wagers. In total, Kentucky picked up $208.4 million in wagers in February. Kentucky’s online sports betting operators combined to generate $20.7 million in revenue for the state, which in turn produced $3 million in tax receipts. The retail sector brought in close to $10 million in betting handle. Total taxable gross revenue stood at $722,390, which brought in $70,433 in excise tax to the state of Kentucky from the retail sector.
Pennsylvania
- PlayUSA: Study Finds Pennsylvania Gamblers Spend Significantly More Playing Online Casinos
- Participation in Pennsylvania online casinos by resident adults increased to 16% in 2023, jumping five percentage points over participation levels in 2021 and 2022, according to a study funded by the Pennsylvania Gaming Control Board (PGCB). The study, “Pennsylvania Interactive Gaming Assessment: Online Gambling Report 2023,” was conducted by Penn State University in partnership with the Pennsylvania Department of Drug and Alcohol Programs (DDAP).
New Jersey
- Bonus: DraftKings Brands Lead New Jersey Market, New Regulatory Data Reveals
- New Jersey market shares for online casino brands are now public information thanks to a change in reporting by the Division of Gaming Enforcement (DGE). The DGE’s new numbers reveal monthly revenue for 30 online casino skins in what is by far the most crowded market for iGaming in the US. Foremost among these is DraftKings, whose flagship site holds 22% of the iGaming market. At first glance, the New Jersey online casino market appears complicated because of the number of brands. However, many skins are “sister brands” with the same parent company. For example, MGM Resorts International and its joint venture partner Entain operate under four separate names: BetMGM, Borgata Online, Wheel of Fortune Casino, and Party.
New York
- Sports Handle: New York Weekly Mobile Handle Surges To $487 Million
- The New York State Gaming Commission reported a mobile sports betting handle of $487 million for the week ending April 14, with the NCAA Tournament final and the Masters providing plenty of interest — and winnings — for the public. It was the eighth-highest handle generated by the state’s nine sports betting apps in 119 weeks since mobile launched in the Empire State in January 2022. DraftKings posted its fourth-largest total with $193.2 million worth of bets accepted, while the $27.4 million wagered through BetRivers was its second-most.