Industry News of the Day for December 14, 2023

Industry News

  • SBC Americas: Why Infrastructure Is The Foundation For Success In Regulated markets
    • International operators and suppliers are constantly looking to drive growth by entering new regulated markets, and right now, there are plenty of jurisdictions in which they can make a move. From Europe to the US, Asia to Latin America, regulation continues to roll out at pace. This presents plenty of opportunities to explore, but where there are opportunities there are always challenges. Regulations differ from market to market, and operators and suppliers must ensure they are compliant across all business areas, from payments and marketing down to the individuals in leadership roles.


  • PlayColorado: Revenue Growth Continues As CO Bettors Wagered $554.9 Million In October
    • In October, sports bettors in Colorado wagered over half-of-a-billion dollars between both retail and mobile settings. This is the fourth-consecutive month that there has been growth in the Colorado sports wagering market and the second-straight month with a handle over $500 million. From the $554.9 million of wagers placed in the state, bettors took home $507.9 million of winnings which left $46.9 million of revenue for operators. That equated to a hold percentage of 8.46%, according to state reports posted Tuesday. October sports betting revenue was 5.4% greater month over month and a whopping 22.8% in comparison to October 2022.


  • Gaming Today: Iowa Sports Betting Handle Rises 13.5% MoM in November, 17.1% YoY
    • The Iowa Gaming Commission has unveiled its financial report for November, revealing a sports betting handle totaling $289.7 million. This figure signifies a 13.5% increase against the $255.3 million generated in the previous month. It’s also a significant 17.1% upturn when compared to the $247.5 million garnered in November 2022. This recent sports betting handle marks a significant stride in the Hawkeye State’s betting history. It’s the closest the state has come to matching its all-time high in overall wagering activity.


  • PlayMA: Here’s Why The MGC Became An Influential Regulatory Body
    • Massachusetts is viewed by many as an industry leader in responsible gaming. That stems from the work of its regulators at the Massachusetts Gaming Commission. The MGC is the state’s governing body for Massachusetts’ legal gambling ecosystem. When it comes to MA online sportsbooks or MA casinos, it’s the biggest voice within the state when it comes to ruling on sports betting and casinos. But what made the MGC so powerful? There’s no one moment but rather a handful of events and actions that helped build this regulatory body into a titan.

North Carolina

  • PlayUSA: North Carolina Lottery Commission Members Finalize Online Sports Betting Rules
    • The regulatory process for legal online sports betting in North Carolina is moving forward even if it is not happening at the pace some in the state would like. On Wednesday morning, members of the North Carolina Lottery Commission took a big step toward launching online sportsbooks. A second batch of regulations governing that activity is now final, essentially completing that task. With other moving parts in progress, the timeline for a late first-quarter 2024 launch for North Carolina sports betting apps remains feasible. The commission had previously ruled out a launch before the Feb. 11 Super Bowl.
  • NC Sharp: Not Enough Seats At The Sports Betting Table For All North Carolina Applicants
    • If North Carolina shut down the sports betting application portal today, at least three sports betting operators who’ve requested applications won’t make it to launch. Three more sports betting operators have requested applications from the NC Lottery Commission in the last week, bringing the total number of requested applications to 14. Sterl Carpenter, deputy director of sports betting for the NCLC, delivered the updated status of sports betting application requests at the NCLC meeting on Wednesday.


  • Fanatics Casino Expected to Launch In Pennsylvania In Early 2024
    • Fanatics Casino may debut in Pennsylvania in early 2024. At some point after that, the online casino operator’s parent company, Fanatics Betting and Gaming (FBG), expects to offer iGaming as a standalone app. That’s notable for FBG because its parent company is best known as a sports merchandise retailer. Relatedly, FBG has been concentrating on optimizing the Fanatics Sportsbook product for the past year, FBG CPO Scot McClintic told Bonus on Dec. 13. Now, FBG can shift some of that focus to online casino capabilities, he said.