Industry News of the Day for April 29, 2019

Industry News of the Day for April 29, 2019

iDEA Growth in the News:

Industry News:

Florida:

  • News Service Of Florida, 4.26.19 – Ron DeSantis Huddles With Seminole Tribe, Pari-Mutuels
    • As he sifts through a proposed gambling deal that could have a wide-ranging impact on the state’s pari-mutuel facilities, Gov. Ron DeSantis huddled Friday morning with more than a dozen gambling operators and lobbyists — including dog- and horse-track owners, cardroom executives and horse breeders — shortly after he met with leaders of the Seminole Tribe of Florida.

West Virginia:

  • Play WV, 4.26.19 – WV Online Sports Betting One Step Closer As 5 Licenses Awarded
    • On Wednesday, the West Virginia Lottery approved five one-year licenses in its first step at bringing online sports betting back the Mountain State.
  • Play WV, 4.24.19 – King Of The Hill: One WV Sportsbook Earns 98% Of Sports Betting Revenue
    • West Virginia sports betting handle increased for the first time in three weeks, even without any mobile sports betting apps. Although it was just an uptick of around $300,000, the Mountain State sports betting market still has a pulse thanks to the Masters. One sportsbook, Hollywood Casino Sportsbook, is responsible for 98% of this week’s revenue and continues to dominate the market.

Maine:

  • AP, 4.26.19 – Maine Could Allow Bets On Sports
    • Maine lawmakers could decide whether to allow sports betting in light of a U.S. Supreme Court decision.
  • Portland Press Herald, 4.26.19 – Without Opposition, Legalized Sports Gambling In Maine Looks Like A Good Bet
    • If national trends are any indication, it’s likely that Maine will soon legalize gambling on football, baseball and other sporting events. The big questions facing Maine lawmakers are how and when to join other states hoping to regulate – and capitalize on – a multibillion-dollar sports betting industry.

Virginia:

New York:

  • Legal Sports Report, 4.26.19 – NY Online Sports Betting Is A Coin Flip To Pass In 2019, Key Lawmaker Says
    • The toothsome carrot of mobile sports betting will continue to dangle in front of prospective operators and potential customers in New York for a couple more months. Making an appearance at the Betting on Sports America conference this week, Assemblyman Gary Pretlow laid out the framework for an updated NY online sports betting bill he intends to introduce in the coming weeks.

Nevada:

Federal News:

  • AP, 4.25.19 – Justice Dept. Reversal On Gambling Could Cost States $220M
    • A recent opinion by the U.S. Justice Department has put a handful of states in danger of losing at least $220 million in annual lottery profits that they use to fund college scholarships, senior citizen services and a variety of other programs.

Sports League News:

  • AP, 4.25.19 – Pro Leagues Now All-In On Sports Betting
    • American professional sports leagues used to fight sports betting as an existential threat until the U.S. Supreme Court handed them a loss. They widely lost again when state legislatures rejected their pleas to be cut in on the action under new laws.

iDEA Growth Member News:

Overall Industry News: