Industry News of the Day for December 10, 2019

iDEA Growth in the News:

• PR Newswire, 12.10.19 – iDEA Growth Releases New Research That Proves Online Gaming Revenue & Jobs Continue To Increase Annually (press release)
  • iDEA Growth released new a report today, the Economic Impact of New Jersey Online Gaming, that demonstrates the continued growth of mobile gaming over six years through additional revenue, jobs, wages and consumer protections. The New Jersey model serves as an example to states seeking to legalize mobile gaming and betting.
• Bloomberg, 12.10.19 – Online Sports Bets Revive New Jersey’s Moribund Gaming Industry (J. Ifrah mentioned as iDEA Growth founder)
  • The introduction of sports betting in New Jersey last year has lit a fire under the state’s gambling businesses.

iDEA Growth Member News:

• Legal Sports Report, 12.10.19 – Daily Fantasy Sports Litigation Involving DraftKings, FanDuel (Kinda Sorta) Over
  • Not long ago, daily fantasy sports (DFS) was among the most popular legal sports gambling activities among Americans. The New York Attorney General reached a settlement agreement with DFS kingpins DraftKings and FanDuel in March 2016, which was hardly the only litigation circling the DFS industry.
• Milwaukee Business Journal, 12.9.19 – DraftKings To Host Fantasy Betting Contest For 2020 Ryder Cup (subscription paywall)
  • DraftKings Inc., the Boston-based fantasy sports betting company, will provide a fantasy betting contest for the 2020 Ryder Cup, marking the first time fantasy sports betting will be attached to the mega golf team event, according to Golf Digest.
• Sports Handle, 12.9.19 – Check Out DraftKings’ Flashy New Workspace In Boston
  • In the heart of Boston’s Back Bay, in a building with a taco shop, Bank of America and Panera on the first floor, resides one of the biggest players in daily fantasy sports and sports betting.

Industry News:

• Legal Sports Report, 12.9.19 – The Week In Sports Betting News: Michigan Sports Betting Gets New Life
  • Last week included news that another state could legalize sports betting before the end of the year, new bills with familiar foes and a shakeup in Washington, DC. Let’s recap the biggest stories.
• Play USA, 12.9.19 – Play USA Rewind: PA Lottery, MI Sports Betting En Route, Eldorado Finalizes Deal
  • Time to pause, rewind and recap the biggest stories that have happened across the USA.
• SBC Americas, 12.10.19 – TAG Media Marks First Foray Into US Sports Betting With New Jersey Site
  • TAG Media, a leading igaming affiliate marketing consultancy, has launched its first affiliate website to the New Jersey market. US-Odds.com seeks to establish itself as a new breed of affiliate portal catering to American players in regulated states, combining review-based and computer picks on all major sports, with high quality free to play games.

New Jersey:

• The Press of Atlantic City, 12.9.19 – Atlantic City Council Joins Mayor’s Call For Sports Betting Tax Revenue
  • The governing body registered its support for the mayor’s crusade to recoup a percentage of sports betting taxes that other municipalities receive but Atlantic City does not.

Michigan:

• Legal Sports Report, 12.9.19 – Here Comes Michigan Sports Betting: Bill Will Pass This Week
  • Legislation to legalize sports betting, internet gambling, online poker and daily fantasy sports will pass the Michigan state legislature by Wednesday, according to state Sen. Curtis Hertel Jr.

California:

• Gambling Compliance, 12.10.19 – New Regulations Would ‘Kill’ California Cardrooms, Trade Group Claims (subscription paywall)
  • An industry trade association has said it is appalled by proposed new dealer rules for California’s 72 cardrooms released by the state’s Bureau of Gambling Control (BGC), claiming they would “kill the industry” if adopted as proposed.

Illinois:

• Gambling Compliance, 12.10.19 – Illinois Lottery Sports Betting Too Costly, Term Too Short, Potential Providers Says (subscription paywall)
  • Several top lottery providers, including the state’s existing lottery operator, have said the cost to operate an Illinois lottery sports-betting program included in the state’s sports-betting law is too high and the term too short.
• Cherokee Tribune & Ledger News, 12.9.19 – Illinois’ Sports Betting Not Expected Until After Super Bowl
  • The state’s sports wagering program won’t be ready for the Super Bowl, but it might be ready for March Madness.

Missouri:

• Sports Handle, 12.9.19 – Two Missouri Bills Would Give Pro Leagues ‘Royalty’
  • Two Missouri senators have pre-filed sports betting bills for the upcoming session beginning Jan. 8, 2020, and both would make Missouri the first state to pay a “royalty” on all legal sports bets to the professional sports leagues, as well as the NCAA.

Montana:

• Helena Independent Record, 12.9.19 – Locations Can Apply To Offer Sports Betting
  • After the finalization of rules to implement sports betting, the Montana Lottery has opened applications for locations to offer wagering on collegiate and professional sporting events.
• KRTV, 12.9.19 – Sports Betting Moves Closer To Reality In Montana
  • Sports betting in Montana is moving closer to becoming a reality, as the Montana Lottery has begun accepting licenses from businesses that want to offer Sports Bet Montana, the lottery’s new sports wagering product.

Colorado:

• Sports Handle, 12.10.19 – Colorado’s Transparent Sports Betting Process Yields Meaningful Discussion
  • Colorado’s Division of Gaming on Monday kicked off what may well be the most transparent process to launch sports betting in the country with the first of five meetings covering everything from general rules to integrity.

Sports League News:

• SBC Americas, 12.9.19 – Sports Betting Adds Some Sparkle To Improving NFL Viewership
  • According to New York Giants co-owner Jonathan Tisch, the legalization of sports wagering has contributed significantly to improved NFL television ratings.