Industry News of the Day for December 11, 2023

iDEA Growth Member News

  • Legal Sports Report: FanDuel Parent Flutter US Stock Listing Date Announced
    • The wait for American investors is over: Flutter, the parent company of FanDuel, will be listed in the US as of Jan. 29. Flutter announced Friday it will trade under the FLUT ticker on the New York Stock Exchange. The company also announced it will hold a “brief trading update” for the fourth quarter and full year on Jan. 18. The FanDuel parent already has two stock listing in London and Dublin, but only wants to keep two listings. Flutter will end trading on the Dublin exchange on Jan. 23.

Industry News

  • PlayUSA: Pragmatic Play Adds Online Roulette Game To Its Live Casino Offerings
    • Content supplier to the online casino industry, Pragmatic Play, added to its live casino offerings with the debut of Lucky 6 Roulette. It is Pragmatic Play’s latest live online casino release. The live casino gameshow Lucky 6 Roulette maintains the familiar elements of Roulette, providing players with their favorite betting types. The game also introduces six Lucky Numbers with each game round that offers players six chances to win. After bets are closed, each Lucky Number is given a unique Lucky Multiplierranging from 50x to 2,088x the player’s bet.
  • Desert News: When It Comes To Gambling, The NFL Talks From Both Sides Of Its Mouth
    • The NFL is talking out both sides of its mouth about gambling, but we should be used to this by now. The league has made it an art form. Let us count the ways. For years NFL officials have talked about player safety and how committed they are to it, so what did they do? They added a 17th game, they continue to allow the Tush Push that results in a 4,000-pound collision/pileup of humanity, and half of the games are still played on plastic grass.


  • Delaware Public Media: Online Sports Betting Recommendations Could Conflict With Delaware Lottery’s Current RSI Contract
    • After a five month delay, the Internet Sports Lottery Legislative Working Group released its final recommendations on the future of online sports betting in Delaware. The task force was initially created by House Resolution 6 in January of this year to craft recommendations on how the state should navigate online sports betting by the end of June. When the task force delayed their recommendations, under Delaware procurement laws, the Delaware Lottery decided to move on with naming Rush Street Interactive (RSI) as the state’s sole online gaming and online sports betting vendor for the state.


  • AP News: Kentucky’s Revenues From Sports Wagering On Pace To Significantly Exceed Projections, Governor Says
    • Kentucky has collected stronger than projected tax revenues from sports wagering in the weeks since betting on ballgames became legal in the Bluegrass State, Gov. Andy Beshear said Thursday. Initial numbers show the state brought in nearly $8 million in tax dollars in the opening two months, the governor said at his weekly news conference at the state Capitol in Frankfort. That early showing, he said, has Kentucky on a pace that would easily beat the revenue projection that was floated when the sports betting bill was being debated by lawmakers earlier in the year.


  • PlayMA: Massachusetts Lottery Claims Sportsbooks Have Priced Them Out Of TV Ad Market
    • The Massachusetts sports betting industry is thriving right now. So much so that the state’s lottery is claiming sportsbooks have priced them out of the TV advertising market. Since the launch of MA sports betting, Bay State sportsbooks have taken over $3.6 billion, generating $361.7 million in taxable revenue for the state. In strong sports betting markets, operators spend a ton on advertising. The proof is in the pudding, with ads for sports betting sites flooding our TV screens.


  • PlayMichigan: BetMGM Casino Falls To Third Nationally, But Maintains Top Spot In Michigan
    • Michigan has clearly seen a leader in its online casino revenue market. BetMGM Michigan has led since Day 1 in this state back in January of 2021. However, on the national scene, BetMGM has fallen to third in the national market share recently, behind DraftKings and FanDuel. Is it a matter of time before BetMGM surrenders the Michigan online casino lead? BetMGM Casino Michigan has never had to look up at any of its peers in the state’s online casino revenue race.


  • Gaming Today: Ohio’s $6 Billion Sports Betting Boom Highlights 2023 Launch In Buckeye State
    • Ohio launched legal sports betting almost a year ago, and wagering the state’s future on gambling has been a profitable bet so far. According to the Columbus Dispatch, in the first month that sports gambling was legal in the state, bettors placed more than $1.1 billion in wagers. Of that $1.1 billion, sportsbooks profited $208.9 million. This means that, in January alone, Ohio’s share was $20.89 million, as the state — at that time — had imposed a 10% tax on sports betting revenue. Ultimately, sports betting in 2023 has been good to the Buckeye State. Now, with 2024 on the horizon, Ohioans have wagered about $6 billion in sports betting.