Industry News of the Day for February 7, 2023
iDEA Growth Member News
- Business Wire: Payments Vital For iGaming Player Acquisition And Retention – Paysafe Research
- Quick and easy payouts trump all other factors for North American and U.K. online sports bettors when selecting a sportsbook, according to the latest All the ways players pay research from leading payments platform Paysafe. Released today, the report also reveals the crucial role of the payments experience in player retention as well as sports bettors’ rising interest in digital wallets and eCash.
Industry News
- Legal Sports Report: Are Recession Fears Hurting Sports Betting?
- Discretionary spending for those who regularly engage in sports betting is falling for both high-value bettors and mobile sports bettors in general, according to a study from TransUnion. The survey of 2,835 adults in November found that around 90% believe the US is either in or approaching a recession. That led the percentage of people placing mobile sports bets to fall to 11% in the fourth quarter compared to 19% in the second quarter, according to the report.
- PlayUSA: GeoComply Says We’re In For Record-Breaking Year Of NFL Sports Betting
- People are betting on the NFL playoffs at a mind-blowing pace. That’s according to market-leading geolocation firm GeoComply. Anna Sainsbury, CEO of GeoComply released a series of data points yesterday that indicate we’re in for an incredible run of Super Bowl betting activity to kick off the year. Sainsbury wrote: “With even more Americans able to bet safely and legally this year, we anticipate another record-breaking Super Bowl this coming weekend.”
- Gaming Today: SuperBook’s Jay Kornegay Talks Dealing Super Bowl Props In Different States, Unreasonable Customers, And More
- Jay Kornegay, EVP of SuperBook Sports Operations at the Westgate Las Vegas Resort and Casino, may well have been the busiest person in town over the weeks preceding the Super Bowl. During a phone conversation with Kornegay a day after the SuperBook’s 1,000-plus Super Bowl prop bet options were released to the public, various topics that surround Super Bowl Sunday were discussed.
Arizona
- SBC Americas: Arizona Super Bowl: The First Big Game In A Regulated State
- The NFL’s final game of the 2022 season, Super Bowl LVII, will be hosted in Glendale, Arizona at State Farm Stadium, home of the Arizona Cardinals, in February 2023. When the game takes place, history will not only be made on the field but off it as well, since the Grand Canyon State will become the first regulated sports betting state to host the Big Game since the repeal of PASPA in 2018.
Massachusetts
- PlayMA: Massachusetts Is ‘On Target’ To Launch Online Sports Betting In March
- The Massachusetts Gaming Commission is “on target” to meet its goal of launching MA online sports betting in March. That’s according to Tom Mills, Communications Division Chief for the MGC, who provided an update to PlayMA via email Monday. “There is still work to be done including IT and cyber security testing, geolocation technology testing, submission and approval of internal controls and house rules, and the awarding of operations certificates,” Mills wrote.
New York
- Legal Sports Report: Online NY Sports Betting Handle Tops Another Record Of Its Own
- The Empire State once again broke its own US record for monthly online NY sports betting handle. Through Jan. 29, online sportsbooks in the Empire State totaled $1.71 billion in New York sports betting handle. That breaks the previous mark of $1.67 billion set by New York in January 2022.
Texas
- PlayTexas: Sen. Lois Kolkhorst, Rep. Jeff Leach File Texas Online Sports Betting Bills
- As expected, bills to legalize online sports betting in Texas will officially be considered this year in Austin. Bills were filed in the Texas Senate and House by Republicans on Monday seeking to regulate online sports betting in Texas. Sen. Lois Kolkhorst (Brenham) and Rep. Jeff Leach (Plano) filed the bills.