Industry News of the Day for January 24, 2022

iDEA Growth Member News: 

• SBC, 1.24.22: PointsBet Enters Sports Betting Partnership With Troon 
  • PointsBet has entered into a strategic partnership with Troon, a provider of golf and club-related leisure and hospitality services, making the operator the official and exclusive sports betting partner of Troon. 
• SBC, 1.24.22: Tiidal Gaming To Provide Betting Solutions To Everymatrix’s Sportsbooks 
  • Esports and gaming platform Tiidal Gaming, and its wholly-owned subsidiary, Sportsflare, has entered a partnership with EveryMatrix to integrate its Sportsflare proprietary betting solutions into the latter’s sportsbooks. 

Overall Industry News: 

• Sports Handle, 1.21.22: Get A Grip — The Week In Sports Betting: A Journey Across The United States 
  • Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories. 

Pennsylvania: 

• SBC, 1.24.22: Pennsylvania Sportsbooks See $6.5bn In 2021 Wagers 
  • Pennsylvania’s sportsbooks betting volume was near an all-time high in December with more than $750m in wagers as revenue slipped from November’s record, according to PlayPennsylvania, which tracks regulated online gaming and sports betting in the state. 

New York: 

• IGB, 1.24.22: New Yorkers Stake $600m In Opening Nine Days Of Mobile Betting 
  • Consumers spent more than $600.0m during the first nine days of regulated mobile sports betting in New York, while revenue surpassed $48.0m. 
• Legal Sports Report, 1.21.22: NY Sportsbooks Take $600M In Bets In First 9 Days Of Online Betting 
  • Talk about a debut: mobile NY sportsbooks just rewrote the record books when it comes to a new market launch. 

Virginia: 

• Legal Sports Report, 1.21.22: VA Sportsbooks Might Become First To Lose Promo Deductions 
  • Virginia sports bettors might have more betting markets and operating VA sportsbooks might become more expensive if two pieces of legislation pass this session. 

Oklahoma:  

• Tulsa World, 1.24.22: With Bill, Oklahoma Legalized Sports Betting Prospects May Improve, But Obstacles Remain 
  • The introduction of a bill that could pave the way for legalized sports betting in Oklahoma might be cause for optimism for some, but major obstacles remain. 

Tennessee: 

• TN Bets, 1.21.22: Tennessee Clears $3 Billion In All-Time Sports Betting Handle 
  • Tennessee became the eighth state in the post-PASPA era to surpass $3 billion in sports betting handle after the Sports Wagering Advisory Council reported a handle of approximately $341.8 million Friday. 
• Play TN, 1.21.22: Tennessee Sportsbooks Stay Hot In December With $340 Million In Wagers 
  • Bettors poured more than $340 million in bets into Tennessee’s sportsbooks in December, the third highest monthly handle in state history. 

Iowa:  

• IGB, 1.21.22: Iowa Sports Betting Dashboard: January 2022 
  • Iowa’s sportsbook operators reported a combined revenue of $266.5m in December, a decline of 7.1% month-on-month. 

Louisiana:  

• Legal Sports Report, 1.21.22: Retail Louisiana Sports Betting Grows With Mobile On The Horizon 
  • A launch for mobile sports betting in Louisiana is still in limbo. 

Michigan: 

• SBC, 1.24.22: Michigan Sportsbooks Hit $3.5bn Handle In 2021 
  • One year on from the launch of betting apps in the state’s marketplace, Michigan has been on a steady path of growth in terms of 2021 revenue, according to GreatLakeStakes.com, part of the Gambling.com Group.