Industry News of the Day for February 9, 2022
iDEA Growth Member News:
- SBC, 2.9.22: Kindred Expands Sportsbook Partnership With Kambi
- Kindred Group has announced two enhancements of its sports betting product, leveraging Kambi Group’s sports betting services whilst working to boost the scope of its own Kindred Racing Platform (KRP).
- Penn Bets, 2.8.22: Pointsbet Gets Into Game As State’s 14th Sportsbook Ahead Of Super Bowl
- Pennsylvania’s 14th online sportsbook has arrived this week, and none too soon for PointsBet.
- US Bets, 2.9.22: Ask A Bookmaker With Johnny Avello: Assessing The Super Bowl
- Welcome to our weekly “Ask a Bookmaker” feature, which answers many of the common (and uncommon!) questions gamblers and enthusiasts have about how sportsbooks operate in the modern age of sports betting.
Overall Industry News:
- NY Business Journal, 2.8.22: The U.S. Online Betting Handle Grew Threefold To $60 Billion In 2021
- More than $60 billion was spent on online betting last year, up from $21 billion a year earlier.
- Yahoo Sports, 2.9.22: Sports Betting Boom: Nearly $100 Billion Has Been Bet Since States Could Legalize It
- Over the last two years, we’ve learned that people like to bet on sports. A lot of people. And a lot of money.
Sports League News:
- Bloomberg, 2.9.22: Super Bowl Kicks Off America’s Era of Online Betting
- The National Football League has left behind decades of opposition to legalized sports betting and is embracing the activity which is now legal in more than two dozen states, plus Washington, D.C.
- Legal Sports Report, 2.9.22: Super Bowl Betting Will Pass $7 Billion, AGA Says
- Americans plan to wager a record-setting amount on Super Bowl betting.
- CBS Miami, 2.8.22: Gambling On The Super Bowl Increases With Legal Online Sports Betting
- The Super Bowl is just days away and while the Rams and Bengals are hard at work preparing, so are many football fans, as record numbers are expected to place legal bets on the big game.
- Bloomberg, 2.9.22: 100 Million Americans Can Legally Bet on the Super Bowl. Sports Will Never Be the Same
- A decade ago, one knowledgeable authority had deep reservations about the idea of the National Football League ever embracing legalized gambling.
- Augusta Free Press, 2.9.22: What Will Maryland Sports Betting Mean For Virginia Sports Fans?
- Nevertheless, online sports betting is expected to arrive sometime in 2022 and it will likely contribute to more tax revenue for the state and more growth for major sportsbooks such as Caesars and FanDuel.
- Action Network, 2.8.22: North Carolina Governor Roy Cooper Reiterates Support for Online Sports Gambling Legalization
- The governor of North Carolina has reiterated his support for legalizing online sports betting in an interview released on Tuesday.
- Spectrum News 1, 2.8.22: Ohio Could Soon Profit Off Super Bowl Bets
- A sports betting expert said Ohio could be losing revenue without legislation legalizing gaming before the Super Bowl. Sports betting is being legalized in Ohio, but it’s still not live, which means fans can’t legally place bets on Super Bowl LVI in the state.
- Action Network, 2.8.22: Missouri Lawmakers Make Push To Legalize Online Sports Gambling
- Two Missouri lawmakers have introduced bills to legalize online sports gambling in the state.
- FOX 4, 2.8.22: Lawmakers Pushing To Legalize Sports Betting In Missouri
- There is a new push to allow sports betting in Missouri. More than 30 states have it, including Illinois, which ranks third in dollars bet, behind only Nevada and New Jersey.
- Play IL, 2.8.22: 2021 Illinois Sports Betting Numbers: Breaking Down Key Stats From A Banner Year
- We are fresh off of the first full year of Illinois sports betting, and as expected, it was a big one.
- Play USA, 2.8.22: South Dakota Senate Advances Mobile Sports Betting Ballot Question
- The South Dakota Senate on Monday approved a proposal to allow voters to decide whether they want sports betting there to expand to mobile and online betting.
- Play USA, 2.8.22: Online Casino Bill In Iowa Already Pushed To 2023
- Even though a bill to legalize online casinos in Iowa passed its first test, lawmakers have already shut down any further discussions.