Industry News of the Day for January 5, 2022

iDEA Growth Member News: 

• SBC, 1.5.22: GeoComply Adds Sarafina Wolde Gabriel As Senior Director Of Global Markets 
  • GeoComply has strengthened its commercial and business development strategy by appointing Sarafina Wolde Gabriel as its new Senior Director of Global Markets. 
• US Bets, 1.5.22: Ask A Bookmaker With Johnny Avello: Looking Ahead To 2022 And Back At 2021 (mentions DraftKings) 
  • Welcome to our weekly “Ask a Bookmaker” feature, which will answer many of the common (and uncommon!) questions gamblers and enthusiasts have about how sportsbooks operate in the modern age of sports betting. 
• Play USA, 1.4.22: Anna Sainsbury Returns As CEO at GeoComply; Co-founder Succeeds David Briggs 
  • GeoComply’s Anna Sainsbury has returned as chief executive officer of the geolocation fraud-prevention and security company she co-founded in 2011. 

Pennsylvania: 

• Penn Bets, 1.4.22: On The Heels Of Last Year’s Boom, PA Gaming Industry Looks To Get Bigger In 2022 
  • The new year arrives for Pennsylvania’s gaming industry with expansion in the works to build upon a 2021 foundation that represented the most successful year by far for operators and the state’s treasury. 

New York: 

• Action Network, 1.5.22: New York Hoping for Mobile Sports Betting Launch Before End of January 
  • New York Senator Joe Addabbo, the state’s foremost proponent of bringing mobile sports betting to the Empire State, is readying for his dream to become a reality. 
• Play NY, 1.4.22: Counting Down The Minutes: Could New York Online Sports Betting Launch By Next Week? 
  • Could legal online sports betting in New York launch as soon as next week? 

Virginia: 

• IGB, 1.4.22: Virginia Sports Betting Revenue Triples To $29.9m In November 
  • Sports wagering revenue in Virginia came to $29.9m in November, up 205.1% from October and taking revenue beyond $100m since the state launched sports betting in January. 
• SBC, 1.5.22: November Proves Lucrative Month For Virginia Sportsbooks 
  • November was the most lucrative month in Virginia sportsbooks history with nearly $50m in revenue on more than $400m in wagers producing a tax revenue record for the state, according to PlayVirginia, which tracks the Old Dominion state’s sports betting market. 

Tennessee: 

• Axios, 1.5.22: Tennessee Sets New Sports Betting Record For Revenue 
  • Tennessee sportsbooks have set monthly revenue records in each of the last three months, culminating in nearly $40 million generated in a football-fueled November. 
• TN Bets, 1.4.22: Sports Betting Operators Claim New High Of $36.9M In Revenue In November 
  • The second year of sports betting in Tennessee kicked off in grand style — for operators. 

Mississippi: 

• Play USA, 1.4.22: Will Mississippi Finally Expand Online Sports Betting In 2022? 
  • In each of the past two years, legislators have tried to open up Mississippi online sports betting to become available statewide. In both years, those efforts failed. 2022 might be the year that the balance toward that change gets tippy in Mississippi, though. 

Massachusetts:  

• Mass Live, 1.4.22: Sen. Eric Lesser Hints At Momentum In Legalizing Sports Betting In Massachusetts As He Announces Bid For Lieutenant Governor 
  • If sports betting were legal in Massachusetts, residents could have placed wagers on the New England Patriots’ victory on Sunday, state Sen. Eric Lesser lamented. 

Colorado: 

• SBC, 1.5.22: Colorado Sportsbooks Post Record Revenue In November 
  • Colorado sportsbooks generated nearly $2m in taxes for the state after a record revenue of almost $37m in November despite the month’s $475m handle falling short of October’s numbers, according to PlayColorado, which tracks the state’s regulated sports betting market. 
• Play CO, 1.4.22: Colorado Sportsbooks Hit Multiple Records In November 
  • Colorado sportsbooks posted multiple records in November.