Industry News of the Day for January 24, 2024
Industry News
- Sports Handle: Betr Gains Sports Wagering Market Access In Three More States
- Betr has secured market access for its online sportsbook product in three additional states, the company announced Tuesday. Betr’s sports betting app will eventually go live in Pennsylvania, Colorado, and Kentucky. The company will also launch an online casino product in Pennsylvania, gaining market access through a relationship with Cordish Gaming Group. Pennsylvania customers will be the first users in any state to access Betr’s iCasino product. “We are very excited to partner with Betr on the launch of their first online casino,” said Cordish Gaming Group President Rob Norton. “Betr Casino will make a winning addition to the gaming options available to Pennsylvania players, which includes two of our own successful Live! Casino properties.”
Michigan
- PlayMichigan: U Of M Study On Teenagers And Gambling Reveals Gap In Knowledge For Parents
- Does the average American parent think they’d know if their teenager was betting online? According to a survey released Monday by the University of Michigan, most, or 55%, think they would “definitely know.” By comparison, only 30% think they might know, while 16% said they probably wouldn’t know. That said, just 2% of parents believe their teen has used an online betting platform before. This figure, the survey says, was higher amongst parents of teen boys (3%) than girls (0.4%). The survey was released by the C.S. Mott Children’s Hospital National Poll on Children’s Health. It probed a national sample of parents of teens ages 14-18 about online betting.
Minnesota
- PlayUSA: Minnesota Senator To Sponsor Sports Betting Bill, Says State Is Missing Out
- Minnesota is one of the five US states considering online sports betting with the highest chances of legalization this year. Sen. Jeremy Miller (R-Winona) said he plans to introduce Minnesota Sports Betting Act 2.0, an updated version of the sports betting bill. Miller said he would introduce the new bill as soon as the legislative session begins on Feb. 12. A few bills in 2023 attempted to move Minnesota further into legalized sports betting, but they failed. This time, Miller said he made modifications based on the feedback from constituents, legislators and other stakeholders.
New York
- Bonus.com: New York Bill About ‘Predatory Sportsbook Bonuses’ Introduced in Assembly, Despite Having Been Addressed
- New York lawmakers are again asking gaming regulators to address “predatory sportsbook bonuses,” despite regulators adopting new rules addressing that issue last year. Meanwhile, on Jan. 18, an Assemblyman introduced AB8843, and on Jan. 3, a Senator reintroduced SB5395. That means the 2024 New York online casino bill sits in the same Senate committee as the measure characterizing promotions for the state’s current form of legal online gambling as “predatory.” New York’s legal online sports betting marketplace launched on Jan. 8, 2022.
North Carolina
- NC Sharp: PlayLive! Signals Interest In NC Online Sportsbook Requirements
- PlayLive NC LLC, an LLC owned by the Cordish Companies, has requested an NC sports betting operator application. The Cordish Companies is a Maryland-based real estate company with developments in the entertainment and hospitality industries. Their gambling projects include the Seminole Hard Rock Hotel & Casinos in Florida and Live! Casinos in Maryland, Philadelphia and Pittsburgh. NCSharp found that Cordish Companies affiliates donated to councilmen and state lawmakers to rezone over 190 acres in Rockingham for “highway commercial” and to aid commercial casino legalization.
- Legal Sports Report: Underdog Secures Partner For Online NC Sports Betting
- With an online NC sports betting launch date still unknown, Underdog unveiled its partnership for the Tar Heel State. Underdog announced Tuesday it partnered with McConnell Golf and Sedgefield Country Club for online NC sports betting market access. Underdog is the last of seven initial applicants in North Carolina to reveal its partner. According to the release, North Carolina will be Underdog’s first sports betting state. While industry sources suggest a start date will remain elusive at a North Carolina State Lottery meeting this week, they expect a launch in time for March Madness betting.
Tennessee
- The Center Square: Tennessee Collected $9.1M On $495M In Bets For December
- Tennessee saw $495 million worth of gross sports wagers in December while collecting $9.1 million in privilege tax. The total gambled was up from $440.4 million of gross wagers in December 2022 while the tax collections were down from $9.4 million. The totals come a month after the state topped $500 million in monthly gross wagers for the first time while collecting $9.5 million from the sportsbooks in taxes in November. Tennessee sends 80% of its sports wagering taxes to the Lottery for Education Fund to pay for things such as the Hope Scholarship while 15% goes to the general fund of local governments and 5% goes to the state’s Department of Mental Health.