Industry News of the Day for August 12, 2019

Industry News of the Day for August 12, 2019

Industry News:

  • Legal Sports Report, 8.12.19 – The Week In Sports Betting: Iowa Standing In The On-Deck Circle
    • Barring any setbacks, Iowa will be the first state in the Midwest to roll out regulated sports betting. The Iowa Racing and Gaming Commission plans to give the go-ahead at noon Thursday with up to nine sportsbooks ready at launch. That would make it the grandest opening so far in the US.
  • Sports Handle, 8.9.19 – Get A Grip: The Week In Sports Betting: D.C. Launch Delay, CT a Mess
    • According to a Washington Post story, despite projections from projections from the Lottery that it would launch sports betting in the nation’s capital by the start of the NFL season, that deadline has been pushed back. Regulators are reviewing public comments after rolling out draft rules earlier this summer, and have not yet finalized regulations.
  • Legal Sports Report, 8.9.19 – What Do The Penn National Deals Mean For Sports Betting In Your State?
    • Penn National Gaming might not be a household name, but it is well on its way to becoming a dominant force in the sports betting industry. At a glance, its series of new partnerships announced last week appears likely to shift the long-term balance of power in the young US sports betting market.
  • EGR Global (subscription paywall), 8.9.19 – Analysis: What Penn National Does Next
    • Major League Baseball’s final trading deadline was moved forward to July 31 this season, but the real blockbuster was actually announced the next day, when Penn National revealed new partnerships with five separate companies. Four were market access partnerships, with the deals bringing back around 5% equity in both theScore and PointsBet.

Illinois:

  • Chicago Sun Times, 8.11.19 – Illinois Sports Betting Stalls While Indiana, Iowa Poised To Launch Books In Weeks
    • The race to become the first Midwest hub of legal sports betting is on. And Illinois is a lock to lose. While Iowa launches its first legal sports books this week and Indiana gambling dens stand ready to start taking wagers next month, money will keep burning holes in the pockets of eager Illinois bettors as football season kicks into gear.

Pennsylvania:

Michigan:

  • The Detroit News, 8.9.19 – Detroit Casinos Bet On Legal Sports Gambling Prior To Legalization
    • Detroit’s casinos are making preparations for sports betting — even though it’s not legal in Michigan. The establishments are making investments in support of the activity as they push to cash in on the business in one of America’s biggest sports towns.

Indiana:

  • Gaming Intelligence (subscription paywall), 8.12.19 – Indiana Issues Temporary Licenses To Five Sports Betting Vendors
    • Indiana’s sports betting legislation was signed into law by Governor Eric Holcomb in May, with the state’s sports betting regulations expected to be adopted on August 28th.
  • WISH TV, 8.9.19 – Indiana Could See Delay In Start Of Sports Betting
    • A law passed during the last legislative session will allow sports betting in Indiana beginning Sept. 1. But casinos and other operators have more work to do before they can be cleared to offer sports betting, according to the Indiana Gaming Commission.

Tennessee:

  • AP, 8.9.19 – Senate Leader: Tennessee Sports Bets Might Not Start By Fall
    • Tennessee’s Senate leader says a slow start means the country’s first online-only sports betting law might not see its first wager until after the fall. Republican Senate Speaker Randy McNally told reporters Thursday that he prefers waiting until all nine members of a new regulatory board are appointed before it establishes parameters for Tennessee sports betting. The law officially took effect July 1.
  • WBIR, 8.9.19 – Date For Sports Betting In Tennessee May Be Pushed Back
    • Sports betting in Tennessee may not start until fall. Lieutenant Governor Randy McNally of Oak Ridge said he would rather wait until all 9 members of the regulatory board are appointed before laying out the rules for sports betting.

Iowa:

  • Online Gambling, 8.11.19 – Iowa Ready To Launch Live Sports Betting At Casinos This Week
    • The State of Iowa will join the growing list of legal sports gambling States this Thursday, Aug. 15. The state legislature recently approved live sports betting at the already established casinos in the Hawkeye State. This will make Iowa the 11th State to offer legal sports gambling.

Louisiana:

Federal News:

  • Augusta Free Press, 8.9.19 – Should The Trump Administration Regulate The Online Gambling Market?
    • If you think online gambling in the United States of America is illegal, then you are mistaken. In fact, no existing federal law in the USA makes online gambling in the country illegal. The US government cannot prosecute citizens for placing bets online as Congressman Bob Goodlatte states: “We have changed no laws related to what is lawful and what is not lawful for gambling.”

iDEA Growth Member News:

  • Bloomberg, 8.12.19 – NFL Takes First Major Gambling Step With Sportradar Data Deal
    • Compared with other U.S. sports leagues, the NFL has taken a much slower approach to the fast-growing world of legal sports betting. The country’s richest sports league — and the one with the most to gain from gambling — has taken a back seat to the NHL, MLB and NBA, each of which has signed multiple marketing partnerships and deals to sell data to operators.
  • NBC Sports, 8.12.19 – NFL Strikes Deal To Distribute Data To Sports Betting Operations (Sportsradar)
    • The NFL has made a deal to distribute data to sports betting operations for the first time. The league already had a deal with Sportsradar to distribute official play-by-play statistics and the league’s proprietary player tracking data to media outlets. The company announced an expansion of that relationship on Monday to cover the distribution of that data to legal and regulated sports betting operations in the United States and abroad.

Overall Industry News: