Industry News of the Day for January 12, 2023
- Legal Sports Report: Could Ohio Sports Betting Rules Change Sportsbook Ads Nationwide?
- Ohio regulators are not taking lightly the rules established for sports betting advertisements, which could affect the broader industry nationwide. So far, regulators notified BetMGM, Caesars and DraftKings of violations in their ads days after the market launched. Each faces a potential fine of $150,000, which conceivably could be viewed by companies as a cost of doing business.
- Play USA: Pariplay Expands US Presence With Atlantic City Casino Deals
- What’s better than signing an online gambling deal with one iconic Atlantic City casino? Signing a deal with two. And that’s exactly what online gambling provider NeoGames did to kick off the new year. The Luxomberg-based company announced its subsidiary, Pariplay, partnered with Resorts Casino and Hotel and Caesars Sportsbook & Casino to bring a new suite of New Jersey online casino games.
- Gaming Today: Threat of Re-Regulation Looms Over Daily Fantasy Sports Industry
- In the post-PASPA world, the fantasy gaming industry has continued to evolve past its roots that DraftKings and FanDuel established in its earliest days. Today, new products introduced under the fantasy moniker hinge on particular interpretations of the law to define what is and is not fantasy sports. Those definitions might be changing soon.
- PlayGeorgia: Changes In Legislature Clear A Path To Legal Georgia Sports Gambling
- The much-anticipated 2023 legislative session is underway. Changes atop each chamber could mean a smoother path for legalized Georgia gambling. After the retirement and death of former Speaker David Ralston, the Georgia House of Representatives has elected majority leader Jon Burns to the seat. Over on the Senate side, state Burt Jones was elected as the new lieutenant governor, elevating him to the president of the chamber.
- PlayIllinois: Illinois Sportsbooks Set $1.03 Billion Handle Record In November
- The latest Illinois sports betting numbers are out today from the Illinois Gaming Board and November was another record-breaking month. In October, Illinois sports betting handle topped $1 billion for the first time. In November, a record $1.03 billion was bet, though it was up just $5,526 (0.05%) from October’s handle of $1.029 billion. That makes it back-to-back billion-dollar months for the Prairie State.
- PlayNY: GeoComply: Over One Billion Geolocation Checks In First Year Of NY Sports Betting
- The first year of legal online sports betting in New York featured over a billion geolocation checks and more than three million accounts created, according to data released by GeoComply. According to the geolocation company, in the first 12 months since NY sports betting went live Jan. 8, 2022, users in the Empire State combined to create 3.79 million accounts and 1.25 billion geolocation checks.
- WCMH-TV: Sports Gambling Operator Fines Can’t Be The ‘Cost Of Doing Business,’ Ohio Regulatory Agency Says
- As violation notices and looming fines start to stack against some of the most popular Ohio sports betting proprietors, the state’s gambling regulatory agency said it is still closely watching all licensees for transgressions just ten days after the universal launch.
- PlayPennsylvania: Top 5 Pennsylvania Gambling Stocks To Watch In 2023
- Gambling stocks fell across the board in 2022, despite Pennsylvania casinos producing record revenue numbers. Should you buy the dip? While we aren’t here to provide financial advice, analysts like at least a handful of casino stocks going into 2023. Keep reading to see which ones have a favorable outlook this year, including recent earnings, buy ratings and 12-month target prices.
- PlayTexas: Backed By Texas Sports Teams, Jackpot.com Launches In Texas
- Online lottery ticket platform Jackpot.com launched in Texas on Jan. 9. Among the many investors in the company are three Texas sports teams: Dallas Cowboys, Houston Rockets and San Antonio Spurs. The Texas Lottery has an app, but you can’t purchase lottery tickets through it. Jackpot.com now joins Jackpocket.com as a third-party app where Texans can buy lottery tickets online.