Industry News of the Day for August 21, 2023
Industry News
- Gambling News: Super Group Posts Strong Second Quarter Of 2023 Results
- The leading gaming and entertainment company, which is also the parent of the famous iGaming and sports betting operator, Betway, Super Group, released its consolidated financial results for the second quarter of 2023. The new financial report released Thursday revealed details regarding the company’s performance for the three months ended June 30, 2023.
Alabama
- Bonus.com: Will 2024 Be the Year Alabama Finally Makes Some Progress On Gambling Legislation?
- Alabama remains one of the most regressive states regarding gambling, though an informal coalition of lawmakers is looking to change that. Rep. Andy Whitt and his colleagues hope that 2024 will be the year his state can rein in its hodgepodge of black and gray market gambling. However, history has shown that Alabama is keen on prohibition, a policy that consistently backfires.
Connecticut
- Covers: Sports Betting Handle Stays Unchanged In Connecticut For July As Revenue Increases
- While Connecticut’s legal sports betting numbers fell well short of this year’s highs, compared to June there are signs that better times are coming to the Nutmeg State. Connecticut Department of Consumer Protection announced that July’s handle was nearly identical to June. Last month saw $91.5 million in wagers compared to June’s $91.4 million.
Kentucky
- SBC Americas: Kentucky Online Sportsbook Pre-Registration Begins On Aug. 28
- Kentucky sportsbook operators can start pre-registering customers on Aug. 28 in advance of the Sept. 28 online launch in the Bluegrass State. It will be a tight timeline, but just about everything related to Kentucky sports betting has been on a tight timeline. The Kentucky Horse Racing Commission (KHRC) will vote on approval of the seven potential licensees at a meeting on Aug. 22.
Massachusetts
- Sports Handle: Caesars Likely Won’t Have A Retail Sportsbook In Massachusetts
- Caesars Sportsbook has terminated its relationship with Raynham Park in Massachusetts, and the track also attempted to withdraw the application of one of its principals Friday. This leaves Raynham Park with a brick-and-mortar sportsbook that is nearly built, no partner to run it, and no license to operate it at this point. Both issues were revealed at a Massachusetts Gaming Commission meeting Friday.
New Jersey
- PlayNJ: Meadowlands Hits $1.5 Billion Lifetime Mark As NJ Sports Betting Looks Forward To Football
- Sportsbooks in New Jersey can’t wait for football to come back. Fortunately, the most bet-on sport in the country is only weeks away from kicking off. And it comes at a good time. According to data from the Division of Gaming Enforcement, NJ sports betting generated just over $587 million in bets for the month of July – the industry’s lowest monthly handle since August 2022
North Carolina
- PlayUSA: North Carolina Casino Proposal Seems Unlikely As Opposition Mounts
- The Catawba Nation took to the North Carolina State Capitol this week to voice the Indian tribe’s opposition to the state authorizing commercial casinos and video lottery terminals. A conference committee of state representatives and senators is currently working out the final details of the 2023 Appropriations Act.
- WRAL-TV: Lobbyists Are Pushing For North Carolina Lawmakers To Include Igaming In Casino Legislation
- Soon you’ll be able bet on sporting events and play instant lottery games from your phone in North Carolina. Why, then, shouldn’t North Carolinians be able to digitally spin a roulette wheel, hit a blackjack or toss the dice in craps for real money on an iCasino app? That’s the question that advocates for iCasino or iGaming are increasingly asking state lawmakers.
West Virginia
- PlayWV: West Virginia Online Casinos Produce Second-Best Month In July With $14.4 Million
- With sportsbooks slowing down for the summer months, West Virginia online casinos continue to trend upward. June and July online casino revenue has produced the Mountain State’s best months since launching in August 2020. The latest July figures show a total of $14.4 million in revenue, falling just short of June’s record.