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Industry News of the Day for February 6, 2019

Industry News of the Day for February 6, 2019

iDEA Growth in the News:

  • Sports Handle, 2.5.19 – Controversial D.C. Council Closer To Awarding Sole-Source Betting Contract To Intralot (J.Pappas on behalf of iDEA Growth quoted)
    • With little discussion, but clear opposition, the D.C. Council on Tuesday voted to approve a measure that will allow it to bypass a bidding process in finding a sports betting vendor. The measure would also extend the contract of current D.C. Lottery vendor, Intralot, with no competition.

Federal News:

Washington, DC:

New Jersey:

Mississippi:

  • Legal Sports Report, 2.6.19 – Goodbye Mobile Mississippi Sports Betting Bills, We Hardly Knew Ye
    • Hope for adding mobile to Mississippi sports betting lasted roughly two weeks in 2019 before fading out. State House and Senate bills authorizing mobile sports wagering died after missing Tuesday’s deadline to advance from committee.

Rhode Island:

Maryland:

South Dakota:

Virginia:

  • Bristol Herald Courier, 2.4.19 – Casino bill passes Va. Senate with set tax rates
    • Legislation that could pave the way for the Bristol Resort and Casino passed the Senate on Monday, but under revised language the state would retain 90 percent of the tax revenues it would generate.

Sports League News:

  • No news to report.

iDEA Growth Member News:

Overall Industry News:

  • Ad Age, 2.6.19 – Brand Playbook: The Table Stakes For Sports Betting
    • New York is on the threshold of legalizing sports gambling, and while it likely will precipitate a rush for legislatures to do likewise throughout the Northeast and Mid-Atlantic, the first draft of the proposal seems to have put the kibosh on mobile and in-game wagering.
  • Sports Handle, 2.5.19 – Super Bowl LIII: Getting A Handle On The Underwhelming Handle
    • That’s because the expected record handle in Nevada never materialized. In New Jersey, the newly created industry also had less-than-predicted betting action with Garden State books losing money on Super Bowl LIII, in which the New England Patriots defeated the Los Angeles Rams 13-3.