Industry News of the Day for February 27, 2020
iDEA Growth in the News:
- Queens Gazette, 2.26.20 – I On Politics ( Ifrah mentioned as iDEA Growth founder and quoted)
- According to a recent report from the iDevelopment and Economic Association (iDEA) Growth, the online gambling industry created 1,851 jobs in New Jersey in 2018. Jeff Ifrah, founder of iDEA Growth, said this report demonstrates “the economic, regulatory and consumer safeguard wins that mobile gaming and betting offers a state. 80% of sports betting wagers are already placed on mobile devices or online. When bets are done legally and in the proper regulatory framework, everyone wins.”
- Sports Handle, 2.26.20 – Missouri Sports Betting Bills Bat Around Data Provisions As Consensus Remains Elusive
- With three states on the verge of implementing data mandates on licensed sportsbook operators and other states continuing to see pitches about an off-the-top “royalty” payment to sports leagues, the controversial provision on official league data took center stage Tuesday at a hearing in Missouri.
- Legal Sports Report, 2.26.20 – So Penn National Pitched In-Person Registration After Buying Barstool Sportsbook?
- A representative of Penn National Gaming raised some eyebrows at a hearing on Missouri sports betting on Tuesday by referring to in-person registration requirements as a good practice he recommends for the state.
- The Center Square, 2.26.20 – Illinois’ In-Person Sports Gambling Rule Could Send People To Offshore Sports Books, Industry Player Warns
- When Illinois residents begin to place bets on sporting events this year, an online gaming venue official warned that in-person registration restrictions could push people to illegal, offshore gambling outlets.
- Willamette Week, 2.24.20 – After Initial Projections Of Profitability, The Oregon Lottery Will Lose Money On Sports Betting This Year
- Oregon Lottery Director Barry Pack will present some unwelcome news at the Lottery Commission’s monthly meeting on Feb. 28. Scoreboard, the agency’s new mobile sports betting app, will lose money for the fiscal year that ends June 30.
- Legal Sports Report, 2.26.20 – What’s Next For Kansas Sports Betting After Bill Passes Senate
- Legal Kansas sports betting is one step closer after the Sunflower State‘s Senate passed a retail and mobile bill Wednesday.
- WBRZ 2, 2.26.20 – Lawmakers Begin Latest Push For Legalized Sports Betting
- A new legislative session is fast approaching, and with it comes new efforts to legalize sports gambling in Louisiana. Senate Bill 130, pre-filed by State Senator Cameron Henry, and Senate Bill 66, pre-filed by State Senator Kirk Talbot, are the latest proposals to legalize betting on sporting events in Louisiana.
Overall Industry News:
- Legal Sports Report, 2.27.20 – Circa Sports Eyes Expansion To ‘Underserved’ East Coast Sports Betting Markets
- Circa Sports is aiming to bring its low-hold sportsbook model to the East Coast to reach what it sees as an “underserved” market of sports bettors. Circa sportsbook operations manager Mike Van Ermen told LSR the operator is looking at any state with remote registration and mobile wagering.
- Legal Sports Report, 2.26.20 – Just How Big Is William Hill’s Slice Of US Sports Betting Market?
- William Hill today filed its full-year 2019 results, including a record $2.5 billion in stakes handled by the US sports betting business. The operator hailed “material progress” toward its US ambitions of “growing a business of scale” in summarizing its results.
- Legal Sports Report, 2.25.20 – FanDuel Founders, Former Employees Sue In NY Court For Getting $0 In Sale
- Former FanDuel employees are suing private equity investors for allegedly cheating them out of their rightful stake in the company following its sale to Paddy Power Betfair. The new lawsuit has been filed in the Supreme Court of New York.