Industry News of the Day for April 26, 2023

By iDEA | April 26, 2023

Industry News

  • American Gaming Association: Gaming CEOs Remain Positive On Current Business Climate, Reserved On Future Outlook
    • The majority of gaming executives report a positive view of current business conditions, while economic uncertainty is tempering future industry growth expectations, according to the American Gaming Association’s (AGA) Gaming Industry Outlook presented in partnership with Fitch Ratings. Overall, nearly every gaming executive surveyed characterizes the current business situation as good (62%) or satisfactory (35%).
  • Legal Sports Report: Yahoo Sportsbook To Gain Real-Money Betting With Wagr Acquisition
    • Yahoo Sportsbook will expand its social gaming options with the acquisition of real-money sportsbook Wagr, which will be integrated into Yahoo Sports. Wagr is a hybrid peer-to-peer operator that offers a platform for bettors to wager head-to-head against another bettor. Unlike most P2P operators, though, Wagr sets the lines for the bets.
  • New York Post: Inside Look At A Potential $500 Million Sale Of PointsBet
    • When New York launched sports betting in February of 2022, the entire business swarmed, jockeying for position in an attempt to gain access to the biggest market in the United States. Since then, sportsbooks have complained about the unrealistically high tax rate and the need to fix the market for its long-term success. Add on top of that the tech bubble – which hasn’t quite burst – but certainly had a mini pop when Silicon Valley Bank ceased operations, and billions of dollars were missing.

Maine

  • Gaming Today: Maine Considering iGaming Bill That Includes Mobile Sports Betting
    • Maine lawmakers are looking at iGaming legislation that would include mobile sports betting in the definition of internet gaming. Sponsored by State Rep. Laura D. Supica, D-Bangor, LD1777 would allow the state’s federally recognized tribal nations – collectively known as the Wabanaki Nations – to conduct licensed iGaming statewide. The bill was filed April 21 for consideration during a current special legislative budget session in Augusta.

New Hampshire

  • US Bets: Already Through The Senate, New Hampshire IGaming Bill Starts Move Through House
    • An online casino legalization bill that has already passed through the New Hampshire Senate got its first look on the House side Tuesday. The House held an hour-long hearing for SB 104, which would legalize online table games and direct funding to higher education. The Senate approved the bill March 30. The proposal would not allow for online slot machines but would make digital table games, including poker, legal in the state.

New York

  • PlayNY: Impact Of New Combined-Leagues Coalition, NBA CBA Agreement On NY Sports Betting
    • The push for responsible sports betting advertisements continues to be a pressing topic as seven professional sports leagues band together to further promote the topic. The move is sure to impact how New York sportsbooks market their product, as well as the partnership deals currently in place with NY pro teams.

North Carolina

  • NC Sharp: North Carolina Sports Betting Bill Still Stuck In Senate
    • North Carolina’s sports betting bill has been sitting in the same state Senate committee for nearly a month. Progress stopped as soon as the bill passed the House and was sent to the Senate. The proposed legislation would finally make online sports betting in North Carolina a reality. However, the bill can’t become law until it goes through the entire process. Thankfully for sports fans in the state, there’s still plenty of time left for lawmakers to make that happen.

Vermont

  • Sports Handle: Vermont Finance Committee Sends Legal Wagering Bill To Senate Floor
    • Vermont’s Senate Finance Committee passed an amended legal sports betting bill on Tuesday, sending it to the Senate floor for full consideration. The bill cleared the House on March 24 and was approved by the Senate Economic Development, Housing, and General Affairs Committee on April 13. Should the legislation pass the Senate and Gov. Phil Scott ultimately sign it into law, Vermont would be the second state this year to legalize sports betting after Kentucky, which authorized wagering on March 31.
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