Industry News of the Day for February 10, 2023

Industry News

  • Legal Sports Report: Federal Bill To Ban Sports Betting Ads Introduced By New York Rep. Tonko
    • A first shoe that many in the sports betting industry feared is hovering inches above the Congress floor, as a proposal to ban ads dropped Thursday. Rep. Paul Tonko (D-NY) introduced the Betting on our Future Act, which would treat sports betting like cigarettes and ban all advertisements on any medium in the jurisdiction of the FCC including TV, radio and the internet.
  • PlayUSA: US Sports Betting Operators To Retire “Risk Free” Phrase
    • When it comes to US sports betting operators advertising NBA bets, the term “risk-free” won’t apply anymore. The NBA has banned sportsbooks from using the phrase “risk-free” in advertising on the league and team-controlled platforms. The NBA is also encouraging broadcasters to do the same.
  • Gaming Today: Revolutionizing the Sports Betting Industry With Artificial Intelligence
    • “The Brain,” computing and quantifying its quarter of a million data points, had pegged the Cincinnati Bengals as likely winners of the AFC Championship Game. Betting lines had the Kansas City Chiefs as consensus 1.5-point favorites at kickoff, however. The Artificial Intelligence-driven, neural-network-utilizing, deep-learning-empowered predictive algorithm developed by Toronto-based Quarter4 ultimately had it wrong.


  • PlayGeorgia: Where Georgia Sports Betting Taxes Would Go Under SB 57
    • Legalized sports betting could be headed to Georgia in 2025, and with it comes the prospect of a 20% tax rate on revenue. Introduced Tuesday, SB 57 would allow up to 18 sportsbooks in Georgia. Each sportsbook license would be valid for up to 20 years. Under the bill, the Georgia Lottery would regulate sports betting in the state.


  • PlayIllinois: Nearly $10 Billion Bet Through Illinois Sportsbooks In 2022
    • Nearly $10 billion was bet through legal Illinois sportsbooks in 2022. Numbers for December were released today by the Illinois Gaming Board. For the third straight month, Illinois sports betting handle topped $1 billion. More than $1.029 billion was bet through IL sportsbooks in December.


  • PlayIndiana: Indiana Casinos Made Over $200 Million Of Revenue In January
    • The Indiana Gaming Commission just released a new report on the state’s casino industry. Indiana casinos racked up over $203 million worth of revenue during January. That puts the state’s industry on track for a massively profitable 2023. Casinos in Indiana made over $2.4 billion last year, so that’s a big expectation to live up to.


  • PlayMA: 2 Massachusetts Sportsbooks Accepted Illegal Bets on MA College Teams
    • Just a couple weeks into Massachusetts sports betting, two casino sportsbooks have accepted bets on unauthorized sporting events, in violation of state law. This is according to a report in a meeting of the Massachusetts Gaming Commission on Thursday. Plainridge Park Casino and Encore Boston Harbor both accepted wagers on college basketball games involving schools based in Massachusetts.