Industry News of the Day for February 14, 2023
- Legal Sports Report: Super Bowl LVII Betting Activity Breaks Legal US Industry Records
- Super Bowl LVII saw record legal online US sports betting activity, according to data from GeoComply. More than 100 million legal sports betting app pings were tracked over the weekend by the location software provider used by apps like FanDuel and DraftKings. That was a 20% increase from Super Bowl weekend last year. GeoComply also registered 7.4 million unique accounts over the weekend, a 32% increase from last year.
- iGB North America: Impairment Charge Pushes Bally’s Preliminary Q4 Losses To $477m
- A significant impairment charge may cause Bally’s losses to rise more than 300% year-on-year to $476.8m (£394.3m/€446.2m) according to its preliminary Q4 results, even as revenue is set to remain stable at $576.7m during the quarter. Bally’s released its preliminary fourth quarter and full year 2022 results today (February 13). If the fourth quarter preliminary revenue is accurate, this will be a gain of 5.2% year-on-year.
- SBC Americas: Flutter Considers Additional US Listing To Match FanDuel Growth
- Flutter Entertainment has announced that it is consulting its shareholders about a possible additional US listing to support the growth of FanDuel in the region. In a statement, the London-listed company’s board said that it is evaluating its listing structure in the US following a capital markets day in November last year, which highlighted “the growing importance of FanDuel to the group as a whole.”
- American Gaming Association: AGA Statement On Proposed Betting On Our Future Act
- AGA Senior Vice President Chris Cylke issued the following statement on the proposed Betting on our Future Act: “The American Gaming Association (AGA) and our members adamantly oppose any legislation that seeks to ban or limit casino gaming advertising, including for legal sports betting. Any such effort only serves to reduce awareness for legal options to the benefit of illegal, offshore operators and the detriment of consumers and communities.”
- Sports Handle: Georgia Senate Committee To Vote On Wagering Bill Next Week
- Georgia’s Senate Economic Development and Tourism Committee discussed SB 57 — a bill that would legalize sports betting in the state — on Tuesday morning, but the group doesn’t plan to vote on the legislation until next week. The bill, which was presented Tuesday by Sen. Billy Hickman, would allow for up to 18 mobile sports betting licenses. Retail sports betting kiosks would also be allowed at locations across the state, and the possibility of kiosks at airports was discussed Tuesday.
- PlayMA: Staggered vs. Universal Launch: Will It Matter for MA Sportsbooks?
- In fall 2022, DraftKings submitted a request to the Massachusetts Gaming Commission for a universal start date instead of a staggered launch. The MGC rejected that request, leaving the door open for a staggered launch. MGC Executive Director Karen Wells kept that door open on Feb. 9. “(The online launch) is really dependent on the quality of the internal control submissions the applicants have submitted,” Wells said at a MGC meeting. “ … We do have the option of launching some but not all of the operators.
- The Nevada Independent: Nevada Sportsbooks Take In $153.2M In Super Bowl Bets, Down From 2022 Record
- Nevada sportsbooks took in $153.2 million in wagers on Sunday’s Super Bowl, falling well short of last year’s record. But the focus immediately switched to next year when the NFL championship game will be played in Las Vegas. The Gaming Control Board said Monday that wagers placed on the Kansas City Chiefs’ 38-35 win over the Philadelphia Eagles in Super Bowl LVII were the fourth highest of all time, although $26.6 million below the $179.8 million bet a year ago.
- Gambling News: Oklahoma Gets One Step Closer to Sports Betting Legalization
- The Oklahoma House Appropriations and Budget Subcommittee has approved a bill to legalize sports betting in the state. Tulsa World reported that on February 13, the bill, known as House Bill 1027, was introduced by Rep. Ken Luttrell, R-Ponca City. The legislation passed easily, as it was reviewed by a friendly committee, which Luttrell himself chaired.
- PlayTexas: Kuempel Leads Charge In Texas House To Expand Gambling
- There is a battle in the state of Texas to expand gambling and create the infrastructure for legalized sports betting. In the Texas Senate, Sen. Carol Alvarado is spearheading the push to legalize casinos in the state. Her counterpart in the House is Rep. John Kuempel. Much has been written about the Houston Democrat’s efforts in the Texas Senate. Far less has been made of the Seguin Republican’s drive to convince his fellow lawmakers in the House to back his pro-gambling legislation.