Industry News of the Day for January 29, 2019

Industry News of the Day for January 29, 2019

iDEA Growth in the News:

  • Legal Sports Report, 1.28.19 – Officials Push For Rushed DC Sports Betting Contract For Lottery Provider (J. Pappas quoted as iDEA spokesperson)
    • The DC sports betting saga continues publicly this week as district officials push for a sweetheart deal for their current lottery provider.  The gaming industry argued from experience that competition is key to maximizing the benefits of regulated sports betting. Here’s John Pappas, representing iDEA Growth.
  • Sports Handle, 1.28.19 – D.C. Sports Betting Hearing Exposes Lack of Trust: Outrage And A ‘Smell’ (J. Pappas tweet included as spokesperson)
    • No matter what phrase you use, the D.C. Council is in a hurry to get sports betting up and running.
  • Washington Business Journal (also posted on WTOPNews.com), 1.28.19 – Debate over sole-source contract for D.C. Lottery vendor heats up (iDEA Growth included)
    • iDEA Growth, a D.C.-based gaming trade association, testified an open procurement process would allow the D.C. Lottery to make the best decision by considering the full range of options and products available from other potential vendors.

Washington, DC:

New York:

Pennsylvania:

New Jersey:

Rhode Island:

  • WPRI, 1.28.19 – Sports betting has generated $500K in revenue since it was legalized in RI
    • Sports betting in Rhode Island is gaining momentum since it became legal late last year. According to Paul Grimaldi of the R.I. Department of Revenue, sports betting has generated more than $1 million in revenue since it was legalized, with the state taking 51% of that. That includes numbers from Twin River’s Lincoln and Tiverton casinos.
  • WJAR, 1.28.19 – First month of sports betting in RI less lucrative than anticipated
    • The inaugural month of sports betting in Rhode Island has proved to be far less lucrative than budget projections. The approximately $1 million profit produced about $500,000 for the state. Rhode Island had predicted approximately $2 million a month.

North Dakota:

South Dakota:

  • iGaming Business, 1.28.19 – South Dakota senators propose sports betting amendment
    • A group of South Dakota senators and representatives have put forward a new amendment in an effort to legalize sports betting in the US state. Senate Joint Resolution 2 (SJR2) sets out plans to amend the state’s constitution in order to allow its residents to place legal wagers on sports events from inside the city limits of Deadwood.

Federal News:

  • The Nevada Independent, 1.27.19 – DOJ’s Wire Act reversal disregards existence of effective state regulation
    • 2018 was a big year for gaming – the Supreme Court delivered a huge win for state sovereignty, gaming operators, consumers and the sports leagues. Today, legal sports betting exists in 10 states and the District of Columbia, including Nevada. However, an unusual reversal of opinion from the Department of Justice (DOJ) has the potential to hamstring proven models of intrastate wagering.
  • Legal Sports Report, 1.28.19 – DOJ Goes All-In Against Online Gambling, But Can Wire Act Opinion Withstand Scrutiny?
    • On Jan. 14, the US Department of Justice (DOJ) sent shockwaves through the online gambling world by releasing an updated opinion regarding the interpretation of the Wire Act of 1961 (18 U.S.C. § 1084) (the “Wire Act”), applying its prohibitions to all online wagering, not just online sports betting.

Sports League News:

  • NBC Sports, 1.29.19 – NASCAR unveils Sports Betting Policy
    • NASCAR’s new Sports Betting Policy prohibits team owners, drivers, crew members and series officials from gambling on NASCAR and lists minimum penalties that could include indefinite suspension or termination and/or a fine of $150,000-$200,000.

iDEA Growth Member News: