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.”






  • 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.