Industry News of the Day for July 13, 2023

By iDEA | July 13, 2023

Industry News

  • Legal Sports Report: PlayUp US To Be Bought, Pared Down By Listed Company
    • The US operations of PlayUp are on track to be sold to a publicly listed company, the company’s global CEO tells Legal Sports Report. Daniel Simic said PlayUp US is also going through a significant restructuring and will only bring up to seven employees to the new company. The changes in the US do not affect the larger Australian business, he said.
  • SportsHandle: Study Shows Significant Surge In Betting Among Women, On Women’s Sports
    • With soccer’s Women’s World Cup poised to be perhaps the most-watched women’s sporting event of all time once it kicks off next week, a group of European sports betting leaders has released a global study titled “Breaking Barriers: Assessing Women’s Sports, Betting, and Integrity Challenges.” The study, conducted by the German Sports University Cologne and unveiled at the iGaming Business Live! confab in Amsterdam on Wednesday, looked at the size and characteristics of the women’s sports betting market.
  • AP News: There Have Been 175 Sports-Betting Violations Since 2018, 17 Active Investigations, NCAA Head Says
    • The NCAA has found 175 infractions of its sports-betting policy since 2018 and there are 17 active investigations, according to a letter from the sports organization’s president that was obtained Wednesday by The Associated Press. NCAA President Charlie Baker included the numbers in a letter sent this week in response to a query from Rep. Dina Titus, a Democrat from Nevada whose district includes the Strip in Las Vegas.

Illinois

  • PlayIllinois: Illinois Sports Betting Numbers Down In May, But Sector Still Red Hot
    • Illinois sports betting numbers declined as expected in May. Still, comparatively speaking, the Illinois sports betting sector is still hot. Numbers released today by the Illinois Gaming Board show Illinois sportsbook sites had total bets (called handle) of $821.7 million in May. That’s down 8.5% from April’s total of just shy of $900 million.

Indiana

  • PlayIndiana: Indiana Sportsbooks See Another Expected Double-Digit Decline In June
    • June is always a slow month for sports betting, but that didn’t make it any easier for Indiana sportsbooks to digest. Indiana sports betting registered $224 million in June wagers, down 21% from the $283.5 million in May. The market’s total revenue dropped from $33.8 million to just $19.5 million, resulting in a painful 42% month-over-month decline.

Iowa

  • PlayIA: Iowa Sports Betting Handle Totals $2.24B In FY 2023
    • Iowa sportsbooks closed out Fiscal Year 2023 with a $115.5 million handle in June. The Iowa Racing and Gaming Commission announced that sports betting handle totaled $2.24 billion, down 8.6% from $2.46 billion during FY 2022. These numbers are based on fiscal year data, which runs from July 1 through June 30.

Kentucky

  • Gaming Today: Kentucky Sports Betting Application Process is Live: What’s Next?
    • The application process for Kentucky sports betting licensing began Tuesday, and while two sportsbooks have already partnered up with horse racing tracks, state officials say 10 to 12 operators are likely to eventually launch out of a potential field of 27. It is up to the Kentucky Horse Racing Commission to decide which sports betting applications it will accept, with licensing up next.
  • SBC Americas: Kentucky Sports Betting Regs Ban Risk-Free Language, Fixed Odds Racing
    • The Kentucky Horse Racing Commission posted the emergency regulations for sports betting in the state Tuesday afternoon. The regulations offered some clarity on what Kentucky sportsbooks will and will not be able to offer. As KYRC Chairman Jonathan Rabinowitz alluded to, there are responsible gambling measures in place in the state.

Michigan

  • PlayMichigan: 4ThePlayer Upgraded To Fully Licensed Online Casino Game Provider In Michigan
    • After more than six months operating under a provisional license, 4ThePlayer has been granted a full license for internet gaming by the Michigan Gaming Control Board. As a result, 4ThePlayer will continue to offer its roster of games at Michigan online casinos, such as the popular 9k Yeti and 3 Secret Cities.

Pennsylvania

  • PlayPennsylvania: PGCB Makes Self-Exclusion Enrollment More User-Friendly Online
    • The Pennsylvania Gaming Control Board (PGCB) announced it has launched a new user-friendly system that enables individuals to self-exclude themselves online from gambling activities. While Pennsylvania is one of the most mature markets in the country, with both online casinos and sports betting legal since 2018, responsible gambling measures remain a top priority for the PGCB.
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