Industry News of the Day for January 9, 2023
iDEA Growth Member News
- SBC Americas: Rush Street Interactive Renews Kambi Sportsbook Tech Deal
- Rush Street Interactive and Kambi plc have extended their partnership, which sees the latter provide the operator’s online and mobile sportsbook platform. The renewal of the deal ensures that Kambi’s sportsbook engine will continue to be integrated into RSI’s online platforms to support its growth in existing and new markets over the next several years.
- Legal Sports Report: Your 2023 US Sports Betting Legislation Guide
- The US sports betting landscape quickly filled up in the past five years yet there are still possibilities to legalize in 2023. Nearly two-thirds of US states have legalized sports betting after a few years of massive tailwinds. Now, however, there are some headwinds hitting the remaining states looking to legalize, including increased media, regulatory and legislative pressures.
- American Banker: How Online Gambling’s Expansion Raises The Stakes For Fraud Detection
- In the four years since the U.S. Supreme Court struck down a federal ban on online sports betting, forces in the payments industry struggled to create a streamlined and secure path for using credit and debit cards for wagering at these sites. Initially, when participants tried to use credit and debit cards to deposit funds at online sportsbooks, many banks routinely flagged the transactions as risky because of high rates of fraud and chargebacks.
- Associated Press: Sports Betting Markets Forced To Adjust To Higher Scoring
- The recent rise in NBA and NHL scoring has caused the betting markets to respond in kind, posting totals that would have been unimaginable not long ago. According to SportRadar, NBA games this season have gone over the Las Vegas betting totals 51.5% of the time, the second-highest rate since the website began tracking such trends in the 2012-13 season.
- Gambling News: Georgia to Retry Sports Betting Legalization
- Georgia’s failed bid to legalize sports betting in 2022 did not discourage gambling proponents. Despite the disgruntlement of anti-gambling groups, many believe that the introduction of the vertical would benefit the economy. Georgia is a state with decades of traditions in sports. However, wagering on sports continues to be illegal, despite efforts to change that.
- PlayMichigan: NetGaming Enters US Market, Will Start With Michigan Online Casinos
- A new gaming supplier is making its way into the United States, and it’s using Michigan as a launching point. NetGaming was granted an iGaming supplier license by the Michigan Gaming Control Board during last month’s public board meeting. That means Michigan online casino players will soon see games from the brand that is mostly established overseas appearing on their apps.
- Horse Racing Nation: Racino Operators MGM And Genting May Bid Big To Open Casinos In New York City Area
- Racino operators at Aqueduct and Yonkers were expected to put in bids of at least $500 million each to try to win the right to open any of three new casinos in and around New York City, according to media reports this week. The state Gaming Facility Location Board in New York approved the terms of engagement Tuesday.
- WSYX-TV: ‘Ohio Is Serious’ About Violations By Sports Books, Says Advocate For Addicted Gamblers
- Ohio is levying more than $1 million in fines against at least five sports books, just days after they began taking bets in the state. The director of an agency set up to help problem gamblers knew the fight for market share would be fierce, but even he was surprised the state acted so quickly. “In the history of the Casino Control Commission, these are record-setting numbers,” said Derek Longmire with the Problem Gambling Network of Ohio.
- PlayVirginia: VA Lawmakers Want A Problem Gambling Treatment Committee. Will It Happen?
- Two members of the Virginia General Assembly want to form a problem gambling treatment committee as Virginia casinos open and more sportsbooks go live. Virginia state Sen. Bryce Reeves (R-Spotsylvania) and Del. Paul Krizek (D-Mount Vernon) introduced HB1465. They want to pass and send Gov. Glenn Youngkin a bill to create a Problem Gambling Treatment and Support Advisory Committee.