Industry News of the Day for February 17, 2022

iDEA Growth Member News: 

• SBC, 2.17.22: FanDuel Partners With Kevin Durant And Rich Kleiman’s Boardroom 
  • FanDuel has entered into an exclusive content-focused partnership with Boardroom, the sports business media network of NBA star Kevin Durant and Rich Kleiman. 
• Play VA, 2.16.22: PointsBet VA Sets Ambitious Goals For Business In Old Dominion 
  • PointsBet Virginia became the 11th and most recent online sportsbook in Virginia following its launch last December. 
• Paysafe, 2.17.22: Paysafe Expands BetWildwood Partnership With Skrill USA Digital Wallet Upgrade 
  • Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced its expanded partnership with BetWildwood, the official online sportsbook of Wildwood Casino in Colorado. 

New Jersey: 

• Play NJ, 2.16.22: New Jersey Sportsbooks Shrug Off New York Competition With Record Month 
  • New Jersey’s sportsbooks set a new state record for sports betting with more than $1.34 billion in January, surpassing expectations after New York launched mobile sports betting early in the month. 

New York: 

• Play NY, 2.16.22: Yankees Pres. Levine: NY Online Sports Betting ‘Everything That We All Thought It Would Be’ 
  • In December 2020, Randy Levine wrote an op-ed for Empire Report calling for legalized sports betting in New York City. According to the New York Yankees president, the industry would become a means to provide much-needed revenue during the coronavirus pandemic. 
• Sports Handle, 2.16.22: NY Trumps Rivals In Super Bowl Bets, Handling About 25% Of U.S. Transactions 
  • After New York set numerous national records in its first month of mobile sports betting, the Empire State faced lofty expectations for last weekend’s Super Bowl, the marquee event on the annual U.S. sports calendar. 

Maine:  

• Play USA, 2.16.22: Maine Governor Supports New Sports Betting Language That Excludes Commercial Operators 
  • Maine Governor Janet Mills supports updated language to a proposed gaming bill that would give state tribes exclusive rights to operate ME mobile sports betting. 

Tennessee: 

• Sports Handle, 2.17.22: Tennessee Posts Record $386 Million Sports Betting Handle For January 
  • Bettors in Tennessee hit the ground running to start 2022, generating a record $386 million in sports wagering handle in January, according to figures released by the state’s Sports Wagering Advisory Council Wednesday evening. 
• Play TN, 2.17.22: Tennessee Sportsbooks Launch Into 2022 With Record Wagering Activity 
  • Tennessee sportsbooks followed up a record-breaking January with another $23 million in Super Bowl betting, much of which came in February. 

Arkansas:  

• Arkansas Democratic Gazette, 2.17.22: Arkansas’ Proposed Mobile-sports Betting Rule Delayed By Legislative Subcommittee 
  • A legislative panel on Wednesday delayed action on the Arkansas Racing Commission’s proposed rule that would allow the state’s casinos to begin accepting mobile sports bets from throughout Arkansas. 
• Sports Handle, 2.17.22: Arkansas Mobile Sports Betting Could Launch In March 
  • Legal mobile sports betting cleared another legislative hurdle in Arkansas on Thursday morning, as the joint budget committee’s administrative rule review subcommittee approved proposed wagering rules. 

Michigan: 

• IGB, 2.16.22: Michigan Becomes Latest State To Set Online Betting Handle Record In January 
  • The Michigan Gaming Control Board recorded handle for online sports betting of $496.8m in January 2022, setting a new state record. 

Minnesota: 

• Star Tribune, 2.16.22: Minnesota Legislators Renew Bipartisan Sports Betting Push 
  • Minnesotans could bet on sporting events online, at casinos and horse racing tracks under a new proposal that would bring the state in line with its neighbors. 
• CBS Minnesota, 2.16.22: ‘When And Not If:’ Minnesota Lawmakers Set To Introduce Bills That Would Make Sports Betting Legal 
  • State legislators in both the Minnesota House and Senate are putting final details on new plans to legalize sports gambling, allowing wagering options inside state casinos and online. 
• SBC, 2.17.22: Minnesota Legislators Propose Bipartisan Plan To Legalize Sports Betting 
  • Minnesota has taken a step towards opening its first sportsbooks after legislators this week proposed a bipartisan plan to legalize sports betting in the state. 

California:  

• Sports Handle, 2.16.22: Tribal Leaders Speak Out Against Commercial Wagering, But Maybe It’s Time For Diplomacy 
  • In fact, those two proposals are not at odds, and California voters could approve both. That would give those in the state the chance to bet legally at tribal casinos and horse racetracks, as well as on mobile devices. 

Nevada:  

• Play NV, 2.16.22: Las Vegas Casinos And Sportsbooks Report Major Revenue For Super Bowl LVI 
  • The Nevada Gaming Control Board reports that a record $179.8 million was gambled on the Super Bowl. Nevada sportsbooks held 8.6% for a win of $15.4 million. This is a 23% increase from the Super Bowl last year.