Industry News of the Day for January 7, 2021

iDEA Growth Member News

• SBC Americas, 1.7.21 – Sportradar Announces Appointment Of Jeffrey Yabuki As Board Of Directors Chairman
  • Sportradar has announced that Jeffery Yabuki has been appointed as Chairman of the Sportradar Holding AG (‘Global’) Board of Directors, effective immediately.

Industry News:

• Associated Press, 1.6.21 – US Sports Bet Revenue Could Hit $3B In 2021; NY Backs Mobile
  • On a day when New York’s governor did an about-face and embraced mobile sports betting as a way to deal with financial losses stemming from the coronavirus pandemic, a company that tracks gambling legislation and performance predicted that revenue from legal sports betting could reach $3.1 billion in 2021 and as much as $10 billion within five years.
• PlayUSA, 1.6.21 – Nine Success stories For US Gambling During A Rough 2020
  • There’s no doubt about it: It was a rough year for the US gaming industry. But it wasn’t all doom and gloom; here’s some of the good news.
• PlayUSA, 1.6.21 – PlayUSA Rewind: Sports Betting Operator Rush Street Gets In On Wall Street
  • Let’s save the theatrics and just hope everyone had a roaring end to 2020 and is ready to welcome the new year with some fresh gambling news. Because the staff here at PlayUSA is ready to provide just that.

Overall Industry News:

• Bloomberg, 1.6.21 – Sports Betting ETF Hits Record On Cuomo’s Legalization Support
  • The biggest sports betting exchange-traded fund rallied as New York Governor Andrew Cuomo announced that he will support legalizing these wagers to help fill the state’s nearly $16 billion budget deficit.

New York:

• Reuters, 1.6.21 – New York Governor Boosts Sports Betting, Cannabis To Help Pandemic-Battered Economy
  • New York Governor Andrew Cuomo, facing an economic chasm resulting from COVID-19 shutdowns, wants to follow neighboring New Jersey in legalizing mobile sports betting and recreational marijuana to help his state regain its financial footing.
• Sports Handle, 1.6.21 – Andrew Cuomo Backs Mobile Sports Betting, Touts New York As Potentially Largest Market In Nation
  • After months of expressing resistance to bringing mobile sports betting to New York, Gov. Andrew Cuomo reversed his position in a surprising announcement Wednesday.
• Legal Sports Report, 1.6.21 – Governor Cuomo To Push Mobile NY Sports Betting Via State Lottery
  • Check the thermometer in hell: Gov. Andrew Cuomo is ready to bring NY sports betting into the modern era – sort of.

Connecticut:

• The Day, 1.6.21 – Lamont Says He Wants To ‘Modernize’ Gaming In The State, Offers No Details
  • In a recorded State of the State address, Gov. Ned Lamont expressed support Wednesday for the legalization of sports betting and online gaming, saying he looks forward to working with the state’s two casino-owning tribes “to modernize gaming in our state.”
• iGB North America, 1.7.21 – CT Governor Throws Support Behind Legal Betting And iGaming
  • Connecticut Governor Ned Lamont has followed his New York counterpart Andrew Cuomo in voicing his support for legal sports betting and online gambling.

Massachusetts:

• Bloomberg, 1.6.21 – Massachusetts Lawmakers To Try Again To Legalize Sports Betting (subscription paywall)
  • Massachusetts Gov. Charlie Baker will have to try again to convince lawmakers to legalize sports betting. His first attempt to harvest more gambling revenue died when the legislative session closed early Wednesday morning.
• Boston Herald, 1.6.21 – Massachusetts Sports Betting Legalization Delayed, But May Come Soon
  • Legalizing sports betting in Massachusetts was left out of the economic development bill this week, but an industry expert predicts the Bay State will get off the sports betting sidelines “soon enough.”

Delaware:

• iGB North America, 1.7.21 – COVID-19 Disruption Pushes DE Sports Betting Revenue Down In 2020
  • Sports betting revenue in Delaware fell 32.8% year-on-year in 2020 to $8.4m, as the state felt the impact of the suspension of activities due to the novel coronavirus (Covid-19) pandemic.

Virginia:

• PlayVirginia, 1.6.21 – ‘Launch With A Bang’: Virginia Sports Betting Could Debut By Super Bowl
  • The Virginia sports betting launch could coincide with the largest sporting event of the year: the annual NFL Super Bowl.

Tennessee:

• Associated Press, 1.7.21 – Tennessee Panel OKs 5^th Online Sportsbook Operator
  • A Tennessee panel conditionally approved a license for a fifth sportsbook operator Wednesday under the state’s online-only sports betting program.
• PlayTenn, 1.7.21 – Churchill Downs Approved As Tennessee’s Fifth Sports Betting Operator
  • The Tennessee Education Lottery (TEL) held a special Sports Wagering Committee meeting Wednesday, Jan. 6. Another operator will soon go live in Tennessee, marking the fifth sportsbook available to players in the state.

Iowa:

• Telegraph Herald, 1.6.21 – With Restrictions Lifted, Sports Gambling In Iowa Poised For More Growth
  • The expiration of a key provision in Iowa’s gambling laws quite literally places sports betting at the fingertips of state residents.

Nevada:

• PlayNevada, 1.6.21 – As Vegas Strip Suffers, Nevada Gaming Revenue Shows Big Sports Betting Wins
  • 2020 was a strange year, to say the least. Yet even amid a global pandemic, Nevada has forged ahead. How has the Silver State done? Monthly gaming revenue provides us with a peek.