Industry News of the Day for August 19, 2022

By iDEA | August 19, 2022

iDEA Growth Member News

  • Play NJ, 8.18.22 – Inaugural PointsBet Cup Set For New Jersey’s Seaview Golf Club This Saturday
    • Troon and PointsBet have come together to provide the inaugural PointsBet Cup at the Seaview Golf Club in Galloway Township, New Jersey. The event is scheduled to host the online gaming operator’s top VIP bettors from around the US this Saturday, Aug. 20. [Eric Foote, Chief Strategy Officer, PointsBet]
  • Sports Handle, 8.18.22, Sportradar, Genius Surge As U.S. Books Sharpen Focus On In-Game Wagering
    • Sportradar and rival Genius Sports have endured a demoralizing year on equity markets, with the stock price for each down more than 50% from their respective 12-month highs. But after delivering strong results in the most recent quarter, the world’s two largest sports betting data providers received indications this week that the carnage may finally be over. [Carsten Koerl, CEO, Sportradar]

California

Kansas

  • Bonus.com, 8.18.22 – Kansas Sports Betting Takes the Field on Sept. 8, Start of NFL Season
    • In theory, Kansas sports betting may have nearly 6 million possible wagerers. Online sportsbook operators call a more scientific version of that “total addressable market (TAM),” and the term will be relevant when sports betting officially launches on Sept. 8, the same day the NFL season begins.
  • Legal Sports Report, 8.18.22 – Kansas Sports Betting Launch Set For September 1
    • Kansas sports betting will launch in time for bettors to see the full NFL season. The Kansas Lottery announced Thursday that KS sports betting will begin Sept. 1 with a soft launch. A full launch will follow on Sept. 8, pending a few regulatory checkmarks.
  • Sports Handle, 8.18.22 – Kansas Operators Can Go Live With Digital And Retail Wagering Sept. 1
    • Kansas Gov. Laura Kelly announced Thursday that operators can launch retail and digital sports betting Sept. 1, making it the second-fastest state to go from legalization to live digital wagering since the U.S. Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018.
  • Gaming Today, 8.18.22 – Kansas Sports Betting Launch Set For Sept. 1; State Should Expect These Sportsbooks
    • Eight sportsbooks have hitched themselves to state-owned Kansas casinos where online sports betting is expected to launch Sept. 1. Four additional sportsbooks tied to those four casinos are possible, too.

Massachusetts

Michigan

  • iGB, 8.19.22 – Michigan online gambling market bounces back in July
    • The Michigan Gaming Control Board (MGCB) reported $148.2m in combined online casino and internet sports betting revenue in July, halting three consecutive months of decline in the state.
  • MI Bets, 8.18.22 – Michigan Online Casino Has Banner July
    • After a June swoon, Michigan’s online casino players said hi to July, with bettors handing over $126.6 million to operators, which is up from last month’s $121.5 million figure, according to figures released by the state’s gaming control board.
  • MI Bets, 8.18.22 – Michigan Sports Betting Numbers At Lowest Since Last Summer
    • The dog days of summer barked early and often for the Michigan online sports betting world, as online sportsbook handle fell in July to $206.1 million, down from June’s $270 million. This was the lowest handle since last August’s $192.3 million number, according to figures released Thursday by the Michigan Gaming Control Board.

Mississippi

  • iGB, 8.19.22 – Mississippi sports betting handle continues to decline in July
    • Player spending on sports betting in Mississippi declined for the fourth consecutive month in July, while the state’s handle also fell year-on-year. Consumers wagered a total of $18.3m in sports during the month, down 27.1% from $25.1m in June this year and also 40.4% lower than $30.7m in July of 2021.

New Jersey

  • NJ Gambling Sites, 8.18.22 – Competition Intensifies as Growth Slows for NJ Online Casino Market
    • New Jersey online casinos haven’t shown a lot of revenue growth so far in 2022. The NJ Division of Gaming Enforcement (DGE) released the figures for July earlier this week. Online casino gaming brought in $134.4 million in gross gaming revenue (GGR), while online poker rooms contributed another $2.3 million, for an iGaming total of $137.7 million.

Ohio

  • Legal Sports Report, 8.18.22 – Three More Operators Apply For Ohio Sports Betting Opening Day
    • There are two dozen mobile operators that hope to be live for the first day of sports betting in Ohio. Betway, MaximBet and Prophet Exchange applied for second-skin licenses by Monday’s deadline, according to Wednesday’s update.
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