Industry News of the Day for December 7, 2018

Kansas:

• Sports Handle, 12.6.18 – Kansas Remains Battleground State for Sports Betting Integrity Fees
  • Kansas lawmakers are going back to school once again, and on Tuesday, they got quite an earful when Ohio senator Bill Coley said that he thought that none of the eight states that have legalized sports betting have gotten it right, according to US Bets.

Colorado:

• Colorado Public Radio, 12.6.18 – As the Details on Legalized Sports Betting Emerge, Competition Bursts Out of the Gate
  • The details are starting to emerge on what sports gambling in Colorado will look like. In a document obtained by CPR prepared by the state Department of Revenue, there are a number of scenarios for sports wagers.

New Jersey:

• NJ Online Gambling, 12.6.18 – NJ Horsemen Seek Holy Grail in Sports Betting Suit: Commissioner Depositions
  • New Jersey’s thoroughbred horsemen made a recent filing to the U.S. Third Circuit Court of Appeals regarding their effort to collect at least $150 million from the NFL, NCAA, and three other sports organizations for what they say was “bad faith” on their part.
• Northjersey.com, 12.6.18 – New jersey proposes new rules for Fantasy sports betting
  • With sports betting now legal in the state, New Jersey wants new rules for businesses running fantasy sports operations and plans to start charging them fees based on how much people wager.

Pennsylvania:

• PR Newswire, 12.7.18 – Pennsylvania Gambling Expansion Nears $400 Million for the State in First Year
  • Gambling has injected more than $385 million into Pennsylvania coffers in the first year since a law was passed to expand gambling in the state, surpassing state budget estimates. Upfront licensing fees for casinos, online casinos, and sportsbooks, as well as mini-casino auction profits and tax revenue from lottery expansion and daily fantasy sports, have combined to net Pennsylvania more than $1 million a day since late 2017, according to a recent analysis by PlayPennsylvania.com.

South Dakota:

• Capital Journal, 12.6.18 – Sports Betting
  • Next month, the South Dakota Legislature will be asked to pave the way for legalized sports betting in the state.
• KSFY, 12.6.18 – Deadwood officials leading effort to legalize sports betting in South Dakota
  • Next month, the South Dakota Legislature will be asked to pave the way for legalized sports betting in the state.

 

Federal updates:

• Legal Sports Report, 12.6.18 – Breaking Down The Federal Sports Betting Bill Discussion Draft: Part 1
  • We are now more than six months past the day the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) of 1992. Shortly after the fall of PASPA, there were rumblings that the federal government was interested in legislating in the sports betting area.
• Legal Sports Report, 12.7.18 – Break Down The Federal Sports Betting Bill Discussion Draft: Part 2
  • Yesterday we looked at a number of key portions of the federal sports betting draft bill circulating in Congress. It is a discussion draft format that will likely be revised and redrafted numerous times before it ever gets passed, if it ever passes. Both the Wire Act and the Unlawful Internet Gambling Enforcement Act took years before they passed.

 

Sports league updates:

• No new sports league updates.

 

Member updates:

• Scientific Games Corporation Press Release (PR Newswire), 12.6.18 – SG Digital Triumphant at SBC Awards 2018
  • Scientific Games Corporation (NASDAQ: SGMS) (“Scientific Games” or the “Company”) announces SG Digital has won Standalone Sportsbook Platform Provider of the Year and Best Live Betting Product at the SBC Awards 2018, further cementing its position as a leading sports betting supplier.

 

Overall industry updates:

• No new industry updates.