Industry News of the Day for August 25, 2022
iDEA Growth Member News
- Variety, 8.25.22 – FanDuel Readies Launch of Cable Network Focused on Sports Betting
- Kay Adams is getting ready to roll the dice on a new opportunity. The former NFL Network host is launching a new morning program that will rely heavily on chatter about betting, all on a cable network operated by one of the biggest facilitators of betting in the business: FanDuel. Mike Raffensperger, FanDuel’s chief commercial officer, is quoted in this story.
- Legal Sports Report, 8.24.22 – DraftKings Set To Open First ‘Sports & Social’ Venue In Michigan
- DraftKings is rolling out a new concept of physical presence in Michigan sports betting. The company announced Monday it will open the first Sports & Social DraftKings venue this fall at Somerset Collection in Troy, Michigan. The Michigan sports betting location is a collaboration with Cordish Companies as part of a deal first announced last year to bring a physical DraftKings presence to markets across the US. Michael Kibort, DraftKings senior director of retail sportsbooks, is quoted in this story.
Sports League News
- Play Virginia, 8.24.22 – Washington Commanders Inch Closer To A Stadium Sportsbook
- You could add bets to the beers, pretzels and nachos at Washington Commanders games soon. The franchise recently received approval from the Maryland Lottery and Gaming Control Commission (MLGCC) to build a stadium sportsbook at FedEx Field.
Industry News
- Sports Handle, 8.24.22 – Is In-Game Sports Betting The Future, Or The Slipperiest Of Slopes?
- In 1987, a teenage boy named Joel Soper rode his bicycle to the Cloverlanes Bowling Alley in Livonia, Michigan. After parking the bike, he walked down the street and snuck into the now-defunct Detroit Race Course to bet on a horse named Bring on the Rain.
Delaware
- iGB, 8.25.22 – Delaware sets igaming revenue record in July as sports betting struggles continue
- Online gaming revenue in Delaware reached a record-high in July, though the state’s sports betting market continued to struggle. Revenue from igaming amounted to $1.25m, narrowly beating the previous monthly high of $1.22m set in April this year.
Massachusetts
- Axios, 8.25.22 – These companies want a Mass. sports betting license
- At least half a dozen companies have formally expressed interest in a Massachusetts sports betting license since regulators started soliciting information last week.
New York
- Sports Handle, 8.24.22 – Ahead Of First Full NFL Season, NY Regulator Expects To Clear 2022 Sports Betting Targets
- When regulated New York online sportsbooks begin their first full season of NFL wagering in September, the state’s nascent market enters new territory under propitious circumstances.