Industry News of the Day for April 23, 2024

By iDEA | April 23, 2024

Industry News

  • Legal Sports Report: Business By The Books: ‘Same-Game’ Changed Sports Betting, Flutter Says
    • John Maguire says the first same-game parlays were looked into in 2014 as it was becoming an “obvious” problem to solve for sports betting customers. Betting a parlay with multiple legs from the same event was a common request at that point, the then-head of trading for Australian bookmaker Sportsbet said in a Flutter post detailing the history of same-game parlays. Sportsbet eventually launched “same game multis” for the 2016 Australian Football League Grand Final. Same-game parlays launched with FanDuel in the US in 2019 and have been a major focus for many US sports betting operators for the past few years, given their popularity with customers and the inherently higher hold they provide.
  • Gaming Today: DraftKings Announces First Chief Responsible Gaming Officer
    • The importance of responsible gaming has been elevated to the “C-suite” level. DraftKings announced today that Lori Kalani has been named its Chief Responsible Gaming Officer. DraftKings is believed to be the first sportsbook to add a top management post specifically assigned to oversee responsible gaming. This decision comes less than a month after DraftKings reported unusual betting activity surrounding NBA player Jontay Porter, who has since been banned from the league. It’s not known whether Porter has a gambling addiction, but the issue of problem gambling with sports betting has been prominent in 2024.

New York

  • PlayUSA: Addabbo Will Try One More Time Before Giving Up On New York Online Casino
    • New York Sen. Joe Addabbo has one more card he wants to play for legalizing online casino in 2024. Entering the year, Addabbo said New York online casino’s only chance for passage was through the state budget. Over the weekend, New York legislators approved a state budget that, as expected, did not include iCasino. Following the budget exclusion, Addabbo told PlayUSA he wants to make one more plea to Rich Maroko, president of the New York Hotel and Gaming Trades Council.

Michigan

  • PlayMichigan: Michigan Crosses $5 Billion In Revenue To Cement Status As iGaming Powerhouse
    • March marked a huge milestone in Michigan, as online casinos achieved $5 billion in lifetime revenue. It became the third state to cross that threshold, joining New Jersey and Pennsylvania. The Great Lakes State has come a long way since the launch of online casinos back in 2021. MI online casino revenue has grown significantly over the years, making it one of the leading iGaming markets in the US. Michigan’s online gaming regulations and competitive landscape appear to have set up its iGaming industry for sustained growth.

Rhode Island

Connecticut

  • USBets: Connecticut Internet Casino Revenue Reaches Record $44.3 Million
    • The Connecticut Department of Consumer Protection reported a monthly record internet casino revenue total of $44.3 million for March. It also reported a record handle of $1.35 billion. FanDuel‘s record haul of $21.4 million helped set a new standard, eclipsing the previous mark, which was established in December, by $50,041. It was the first time FanDuel surpassed $20 million in gross revenue in the Nutmeg State, easily topping its previous best of $19.4 million, which also was set last December.
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