Industry News of the Day for December 26, 2023
Industry News
- Bonus.com: American Online Casino Gamblers Broke Revenue Records in November 2023, Proving iGaming Outlasted Covid
- Revenue figures are in for the US iGaming states, and American online casino gamblers broke records in November 2023. Considering the top three iGaming states are on pace to bring in about $2 billion each this year, online casino gambling interest seems to have outlasted coronavirus blahs. Pennsylvania’s $191.9 million in gross gaming revenue (GGR) was the highest in the nation and the most the Keystone State has ever generated. Michigan and New Jersey also made history, bringing the GGR in the Big Three iGaming states to $538.8 million — nearly $25 million more than in October 2023.
Connecticut
- Hartford Business Journal: Connecticut’s Sports-Betting Handle Tops $200 Million In November
- The state’s sports-betting program topped $200 million in wagers in November, according to data from the state Department of Consumer Protection. With $205.7 million in bets, including online and retail, November saw the highest amount wagered since the program debuted in 2021. In October, there were $189.4 million in bets, which is 7.9% less than November’s total. Of November’s $205.7 million in bets, $192.6 million were placed online and $13.2 million via retailers. Also in November, patrons won $180.3 million at online venues and $12.5 million at retail locations, including $262,172 at the newly opened facility at the XL Center in Hartford.
Delaware
- SBC Americas: Delaware Lawmakers Urge Online Sports Betting Legalization
- A group of lawmakers in Delaware has argued that the state must legalize online sports betting in 2024 as it is missing out on valuable tax revenues. The group, which has produced a report from a task force exploring gambling expansion, said that not having online sports betting is “detrimental to our revenue in Delaware when our neighboring states” do offer online sportsbooks. The report was produced by Representative Franklin D. Cooke, Representative Michael F. Smith, Representative Timothy D. Dukes and Representative William Bush, following a bill in the 2023 session mandating a task force to explore whether online sports betting would benefit the state.
Massachusetts
- PlayMA: Here Are The Legal Issues DraftKings Is Facing In Massachusetts
- The Massachusetts Gaming Commission (MGC) has been one of the more stern figures when dealing with DraftKings Sportsbook Massachusetts and hasn’t given the company any form of a hometown discount. Now, the commission is looking into DraftKings’ operations again. This time, over an issue related to credit cards. The MGC says DraftKings allegedly allowed credit card deposits made in other states to fund sports betting accounts active in Massachusetts. The commission says that is a violation of state gambling regulations and state law.
New Hampshire
- PlayUSA: New Hampshire Online Casino Bill Won’t Be Filed For 2024
- What seemed like one of the most likely states to legalize online casinos in 2024 won’t even have a bill. New Hampshire Sen. Tim Lang told PlayUSA he will not file an online casino bill for 2024. Over the summer, Lang informed PlayUSA of a breakthrough in support for internet gaming legislation from the brick-and-mortar charitable casinos that operate in the state. He was all set to file a New Hampshire online casino bill that he thought would pass in 2024. But leadership informed him that his language wouldn’t qualify for consideration in the New Hampshire House next year.
New York
- Sports Handle: New York Mobile Sportsbooks Top $500 Million Handle For Fifth Time
- On Thursday, the New York State Gaming Commission reported $502.2 million in mobile sports wagering handle for the week ending Dec. 17, the fifth time operators in the Empire State processed more than half-a-billion dollars worth of wagers. Last week’s handle ranks fifth out of 102 weeks with mobile betting apps available in New York, with four of the five instances of $500 million handle occurring in the last eight weeks. The overall record remains the $572.6 million wagered for the week ending Jan. 23, 2022, the second full week mobile betting was available.
North Carolina
- NC Sharp: Gov. Roy Cooper Wants To Launch NC Online Sports Betting By March Madness 2024
- Gov. Roy Cooper dropped by the Ovies+Giglio podcast on Wednesday to talk North Carolina sports betting, dropping a few hints about a possible launch date in the process. We’re now more than six months past Cooper’s signing of House Bill 347, which legalized online sports betting and parimutuel wagering, and Cooper wants to get the ball rolling on the new industry. “The goal is to get it out there before March Madness,” Cooper told Joe Ovies and Joe Giglio. “No guarantee that that’s the case, but I think that is the goal.”