Industry News of the Day for August 24, 2022

By iDEA | August 24, 2022

iDEA Growth Member News

  • Play Ohio, 8.24.22 – European Giant Bet365 Looking To Nail Its Ohio Sports Betting Launch
    • Bet365 is getting in on the Ohio sports betting action, which could be just the boost the brand been looking for. Nailing its Midwest debut could be the start of the next phase for the company’s U.S. expansion.
  • iGB, 8.24.22 – BetMGM expands strategic partnership with SportsGrid
    • BetMGM has expanded its strategic partnership with US-facing 24-hour sports wagering streaming network SportsGrid. Under the multi-year agreement, BetMGM’s trading team and experts will provide insight during a number of SportsGrid programs such as including Ferrall Coast to Coast, Pro Football Today and In-Game Live Primetime. Matt Prevost, Chief Revenue Officer at BetMGM, is quoted in this story.

Industry News

  • Penn Bets, 8.24.22 – Self-Excluding From IGaming Can Mean Unplanned Ban On Casino Visits Too
    • It’s commonly accepted that iGaming — with its capability for high-speed play and 24/7 accessibility — can pose higher risk of problem gambling than traditional walk-in visits to casinos. But some Pennsylvania gamblers trying to minimize such risks are learning it’s hard to exclude themselves from online play without also giving up the visits to brick-and-mortar casinos that they might feel able to handle safely.
  • Bonus.com, 8.23.22 – Economist Says Some People Gamble Because They Can’t Borrow Or Save
    • Why do people gamble? Some people do it more than others, but it exists across all cultures. The reason for it can be tough to pin down, both psychologically and economically.

California

  • Sports Handle, 8.23.22 – Latest ‘Yes On 27’ Ad Puts Focus Squarely On Homelessness, Mental Health Issues
    • On Tuesday, backers of Proposition 27, the California initiative that would legalize statewide mobile wagering, released their first ad that completely embraces their cause — attempting solutions to homelessness and mental health issues through sports betting tax revenue.
  • California Casinos, 8.23.22 – Full List of California Tribes That Support Prop 26 and Prop 27
    • In the California sports betting battle, supporters of Prop 26 have preached that the vast majority of California tribes support Prop 26 and oppose Prop 27. That’s no surprise. Prop 26 would allow sports betting only in-person at California tribal casinos and the state’s horse racetracks.

Louisiana

Massachusetts

  • Legal Sports Report, 8.23.22 – Massachusetts Sports Betting Launch Details Still Weeks Away
    • Any specifics on the launch of sports betting in Massachusetts are several weeks or more away, regulators said at a recent meeting. The Massachusetts Gaming Commission held a 4.5-hour roundtable with the five operators eligible to open retail sportsbooks last Thursday. The commissioners wanted to hear what those operators needed in order to open their Massachusetts sportsbooks.

New York

  • Play NY, 8.23.22 – Conference Panel Stresses Need For More NY Responsible Gaming Measures
    • Authority figures from the gambling, media and addiction services sectors spoke at length about the need for further action from casinos and gambling operators regarding responsible gambling in NY and across the country. The speakers shared a sense of urgency in addressing the matter, especially given the recent legalization of New York sports betting.
  • Bonus.com, 8.23.22 – Addabbo, Pro-New York Online Casino Leader, Faces Primary Challengers
    • Online gambling insiders expect New York online casino to be the next legal jurisdiction. In order for that to happen, state legislators need to vote. Before that occurs, New York voters have to decide today whether they plan to keep state Sen. Joseph Addabbo.
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