Industry News of the Day for January 16, 2019

Industry News of the Day for January 16, 2019

iDEA
Growth in the News:

  • NJ Online Gambling, 1.15.19 – New Jersey Plans To Fight For State Right To Offer Online Gambling
    • The Department of Justice has issued a long-rumored reinterpretation of the 1961 Wire Act, a law that, believe it or not, directly applies to online casino gaming today. (J. Ifrah quoted as spokesperson): “The revised opinion does not reflect the thoughtful and more careful analysis issued by the two highest federal courts of appeal that have reviewed this precise question,” D.C.-based online gaming attorney Jeff Ifrah told CDC Gaming Reports. “This opinion standing alone, of course, changes nothing and is of no significance or value. It is unfortunate that the Office of Legal Counsel appears to have been manipulated to issue an opinion for purely political purposes.”

Industry News of the Day:

New York:

  • FOX 5 NY, 1.14.19 – Sports
    betting is huge in New Jersey; New York could follow soon

    •  Since New
      Jersey legalized gambling on sports in June 2018, the state’s sportsbooks have
      collected almost $1.25 billion in bets and $94 million in gross revenue. And
      New Yorkers are playing a huge part in New Jersey’s success.

Tennessee:

North Dakota:

Indiana:

  • Sports Handle, 1.15.19 – Indiana
    House Bill Allows State-Wide Mobile Betting, Sets Low Tax Rate

    • Indiana Representative Alan Morrison’s HB
      1363
      , the companion bill to Senator Jon Ford’s SB
      439
      , got a first reading Friday and was referred to the Committee on Public
      Policy. The bill mirrors Ford’s in many ways and adds a tax rate of 6.25
      percent on gross gaming revenue for in-person wagers placed at physical
      sportsbooks. 

Pennsylvania:

Connecticut:

  • Connecticut Post, 1.15.19 – Committee
    heads differ on future of gambling

    • In a critical year for gambling in Connecticut,
      there are three Democrats at the center of a crucial legislative committee who
      appear poised to clash.

Massachusetts:

  • AP, 1.15.19 – Casino revenues rise as gov to name new casino regulator
    • Massachusetts’ casinos are reporting increased revenues. The state Gaming Commission reported Tuesday that MGM Springfield generated $21.6 million in gambling revenues in December, a modest uptick from November’s $21.2 million.

Mississippi:

Illinois:

  • Chicago Post Tribune, 1.15.19 – Melton
    bill calls for Gary inland casino, port development

    • State Sen. Eddie Melton has introduced a
      wide-ranging economic development bill for Gary that permits the holder of
      Gary’s two riverboat licenses to relocate one license to operate an inland
      casino in the city.

Indiana:

Iowa:

  • The Gazette, 1.15.19 – Iowa
    should go all in on internet betting

    • State policymakers in recent years have
      discussed several ways to expand legal gambling to the internet, including
      lottery e-tickets, sports betting and online poker, all of which would be more
      attractive to younger players who are not interested in traditional betting.

Federal Updates:

  • Reuters, 1.15.19 – U.S.
    Justice Dept broadens restrictions on internet gambling

    • The U.S. Justice Department will effectively
      prohibit online gambling and lottery businesses, experts said on Tuesday, after
      it decided to broaden its interpretation of rules governing interstate sports
      gambling to other forms of betting.
  • Bloomberg, 1.15.19 – U.S.
    Online Gambling Reversal Puts ‘Chill’ on Industry

    • The U.S. Justice Department’s decision to expand
      a federal prohibition on internet gambling will cast a pall on the industry as
      businesses and state lotteries evaluate the implications of the change and the
      government’s plans to enforce it.
  • Financial Times, 1.15.19 – US
    online betting ban knocks UK bookmakers

    • Shares in the UK’s biggest gambling groups fell
      on Tuesday after the US justice department released a legal opinion that all
      online gambling was illegal under federal law.

Sports league updates: 

  • No new sports legal
    updates to report. 

iDEA Growth Member
News:

Overall industry updates: 

  • No overall industry
    updates to report.