Industry News of the Day for February 16, 2022

iDEA Growth Member News: 

• Action Network, 2.15.22: USFL Takes First Step Toward Sports Betting Approval With Sportradar Deal 
  • The United States Football League is 60 days away, and the league took a significant step toward sports betting approval on Tuesday. 
• SBC, 2.16.22: Sportradar Enters Multi-year Foundational Partnership With USFL 
  • Sportradar has announced a multi-year foundational partnership with the United States Football League (USFL), a new professional football league launching in April. 
• US Bets, 2.15.22: Ask A Bookmaker With Johnny Avello: Props And More Props 
  • Welcome to our weekly “Ask a Bookmaker” feature, which answers many of the common (and uncommon!) questions gamblers and enthusiasts have about how sportsbooks operate in the modern age of sports betting. 

Overall Industry News: 

• IGB, 2.15.22: US Commercial Gaming Revenue Rockets To $53bn In 2021 
  • The American Gambling Association (AGA) has revealed that the US commercial gaming industry made $53.0bn in revenue in 2021, an increase of $23.0bn from 2020. 
• US Bets, 2.15.22: Young Sports Bettors Are Eager To Cross Over Into Online Casinos 
  • So far, only six states — New Jersey, Pennsylvania, Connecticut, Delaware, Michigan, and West Virginia — have legalized online casinos. And even boosters of the industry acknowledge it’s going to be a long while until many other states join the party. 

Sports League News: 

• Wall Street Journal, 2.15.22: Super Bowl Wagers Rise to Records as Online Sports Betting Sweeps U.S. 
  • Gambling on the Super Bowl this year reached record highs, after legalized sports betting surged across the U.S. in 2021. 
• Legal Sports Report, 2.16.22: Super Bowl LVI Betting Trends Reveal Changing US Market 
  • Legal sports betting on the Super Bowl more than doubled year-on-year, according to new data from GeoComply. 

New Jersey: 

• SBC, 2.16.22: New Jersey Sportsbooks Handle Over $140m On Super Bowl LVI Wagers 
  • The New Jersey Division of Gaming Enforcement has informed stakeholders that the state’s sportsbooks took over $140m in wagers on Super Bowl LVI. 

Delaware:  

• IGB, 2.15.22: Delaware Igaming Revenue Grows 51.3% Year-on-year In January 
  • Online gaming in Delaware was recorded at $1.1m (£827,497/€988,647) for the month of January, in a mostly successful month for the state. 

Indiana:  

• Legal Sports Report, 2.16.22: Indiana Sportsbooks Hit Record Handle To Start 2022 
  • Indiana sportsbooks started 2022 with a bang, setting a new handle record in January. 

Massachusetts:  

• Legal Sports Report, 2.16.22: Another Super Bowl Opportunity Passes Without Legal MA Sports Betting 
  • It was another slow Super Bowl weekend in Massachusetts after the state Senate passed on legalizing MA sports betting again in 2021. 
• Sports Handle, 2.15.22: Massachusetts Politicians Vocal About Stalled Legal Sports Betting Proposals 
  • It’s been three years since Massachusetts Gov. Charlie Baker and state legislators filed more than a dozen bills to legalize sports betting. 

Iowa:  

• We Are Iowa, 2.15.22: Sports Betting In Iowa Over Past 7 Months Surpassed Total From Previous Fiscal Year 
  • The total amount spent on sports bets in Iowa in the past seven months has already surpassed all bets placed during the 12 months before, according to state leaders. 

Michigan: 

• MI Bets, 2.15.22: Online Casinos In Michigan Continue To Roll Right Along 
  • The online casino market in Michigan had its second-best month ever in January, according to the Michigan Gaming Control Board. 
• MI Bets, 2.15.22: Michigan Sportsbooks Start 2022 With Another New Monthly Record 
  • For the fourth time in as many months, Michigan sportsbooks set a new monthly handle record, with January’s haul coming in at $496.8 million, up 2.5% from December’s then-record handle of $484.6 million, according to the Michigan Gaming Control Board. 

Illinois: 

• Sports Handle, 2.15.22: Illinois Sports Betting Operators Win Big Again On Super Bowl 
  • It may be too early to start thinking “three-peat,” but Illinois sports betting operators again claimed the upper hand against Super Bowl bettors as the state’s gaming board reported adjusted gross revenue of more than $9.5 million from slightly more than $60 million in handle. 

Minnesota:  

• KARE 11, 2.15.22: Lawmakers Say ‘Smart Money’ On Sports Gambling Bill Passing Minn. This Year 
  • As more states legalize sports gambling, several senior Minnesota lawmakers say the “smart money” is on the legislature passing a sports betting bill this year. 
• KARE 11, 2.15.22: Lawmakers Consider Legal Sports Betting In 2022 
  • A Supreme Court ruling paved the way for states to allow sports betting, and 32 states and Washington D.C. now allow some form of sports gambling. 

Canada:  

• Sports Handle, 2.16.22: Canadian Sportsbooks Report Record-Breaking Super Bowl Numbers 
  • Now that the dust has settled following the Los Angeles Rams’ 23-20 victory over the Cincinnati Bengals in Super Bowl LVI, Canada‘s provincially run sportsbooks are reporting record-breaking numbers again this year from the big game.