Industry News of the Day for January 11, 2023

By iDEA | January 11, 2023

iDEA Growth Member News

  • SBC Americas: Catena Media lauds ‘record’ launch in Ohio
    • Catena Media has stated that its launch of sports betting marketing services in Ohio has exceeded expectations and set new records for player registrations for the first week of operations. Preliminary data has displayed that Ohio’s performance so far has exceeded the launch in New York back in January 2022 and it has logged more transactions in the first two days than any previous state go-live.

Industry News

  • iGB North Americas: Fanatics hands online casino VP role to Sky Betting and Gaming’s Downey
    • Sports apparel giant Fanatics has announced the appointment of Sam Downey, formerly of Flutter Entertainment-owned Sky Betting and Gaming, as its vice president for online casino. Downey moved into the new role earlier this month, having spent more than 12 years with the Sky-branded betting and gaming business.

Arizona

Maryland

  • PlayMaryland: Maryland Bettors Flock To Online Sports Betting In December
    • In the first full month of online sports betting, an overwhelming majority of Marylanders chose to place wagers online as opposed to betting at retail sportsbooks. Out of $497.1 million in total wagers — $478.2 million, or 96% — were made online. Looking at the latest December revenue numbers, it’s safe to say that online sports betting is off to a fast start in Maryland.

Michigan

  • PlayMichigan: Detroit Casinos Bring In $1.3 Billion In 2022 Revenue, Down Slightly From 2021
    • Detroit retail casinos brought in $1.276 billion in gaming and sports betting revenue in 2022, down a little more than 1% from the prior year. The Michigan Gaming Control Board released December’s retail revenue numbers Tuesday to give a complete look at 2022. Casino gaming revenue dipped less than 1% year-over-year, while sports betting handle dropped 17.8%.

Pennsylvania

  • Legal Sports Report: Could Pennsylvania Access Signal Start Of Bet365 US Push?
    • Bet365 could be ramping up its US plans as the sportsbook sets its eyes on Pennsylvania sports betting through a deal with Churchill Downs. Churchill Downs Inc. announced Monday an agreement with bet365 for market access into Pennsylvania sports betting. The access is through CDI’s Presque Isle Downs & Casino.

South Carolina

  • Gambling News: SC Bill Would Amend the Constitution and Allow Legislature to Legalize Gambling
    • The South Carolina House Joint Resolution 3095 bill would include online casino gambling and sports betting to players and bettors in the state, among others. However, the passage of the new amendment would not actually make gambling activities legal on its own. Instead, it would allow the state legislature to have a say in this regard and vote for it.

Texas

  • PlayUSA: Texas Sports Betting 2023 Legislative Preview
    • Those waiting for the Texas legislature to take up sports betting legislation for the first time in two years will have to wait a little bit longer. Texas sports betting language for the 2023 session likely won’t be out until mid-to-late February. The Sports Betting Alliance is still hammering out the language, making sure all members of the alliance and bill authors are on board with the details.
  • PlayTexas: Texas Could Generate $30 Billion in Sports Bets in Year One
    • Legal sports betting in Texas could generate upwards of $30 billion in bets and $2 billion in gross gaming revenue in its first full year, according to a PlayTexas analysis. Reaching those benchmarks would make Texas the highest-grossing market in the country, surpassing New York. Due to the state’s predilection for low taxes, though, tax revenue likely won’t outpace the Empire State.

 

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