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Industry News of the Day for February 21, 2019

Industry News of the Day for February 21, 2019

Federal News:

Illinois:

Iowa:

Arkansas:

Louisiana:

Kentucky:

  • AP, 2.20.19 – Sports betting bill advances in Kentucky legislature
    • Kentucky lawmakers have taken the first step to legalize sports betting. A legislative committee approved House Bill 175 on Wednesday. The bill would make it legal to bet on sports in Kentucky. It would also make internet poker and fantasy sports gambling legal.
  • Lexington Herald-Leader, 2.20.19 – Bill to legalize sports betting passes Kentucky House panel, but still faces long odds
    • A bill to legalize and tax sports betting in Kentucky and devote much of the estimated tens of millions of dollars in revenue to public pensions flew out of a House committee on Wednesday. But it faces an uncertain future in the full House, where — as a revenue measure — it needs 60 out of 100 votes to pass.
  • Tristate News, 2.20.19 – Kentucky bill would legalize sports gambling
    • Kentucky lawmakers have taken the first step to legalize sports betting in the state. Ellis Park will be impacted by House Bill 175. A legislative committee approved the bill on Tuesday.

North Dakota:

Indiana:

Mississippi:

  • Sun Herald, 2.21.19 – Have casinos helped fund education across Mississippi?
    • Every time he speaks to Rotary, Kiwanis or other groups, Larry Gregory says people ask if casino tax revenue isn’t supposed to be pumping millions of dollars into schools across Mississippi.

Kansas:

West Virginia:

Connecticut:

New Jersey:

iDEA Growth Member News:

Overall Industry News:

  • Online Poker Report, 2.20.19 – Five Things We Learned At ICE And LAC Gaming Expos
    • Dreary old February isn’t exactly the ideal time to visit London. Unless, of course, you were among the tens of thousands of gaming industry folks at ExCel London this month for ICE Totally Gaming and its sister event, the London Affiliate Conference (LAC).
  • ESPN, 2.20.19 – Sports gambling must be regulated like financial markets
    • Scott Eden explains why gambling in sports should be regulated from an outside entity once it is fully legalized in the United States.
  • Sports Handle, 2.20.19 – Expert Q&A: How Do Tribes See The Sports Betting Opportunity?
    • In a recent series of articles on the Tribal view of sports wagering, we learned that there’s no consensus amongst Tribes nationwide regarding the sports wagering opportunity. Some have open arms while others see it as a threat, not an opportunity. One great unifier? The desire for and enforcement of gaming exclusivity.
  • Legal Sports Report, 2.21.19 – Kambi Looks To Build On Its Early US Sports Betting Success
    • The emergent US sports betting market is still in its formative phase, with new markets and operators appearing on a daily basis. It’s too early to tell how the market will shake out and who the key players will be, but one company is already establishing itself as a force: Kambi.
  • Bloomberg, 2.21.19 – Sports-Betting Startup Wins Backing From Big League Team Owners
    • Action Network Inc., a digital startup looking to capitalize on the spread of legal sports betting, completed a funding round that attracted team owners from baseball, basketball and hockey, along with the former owners of the Ultimate Fighting Championship.