Industry News of the Day for July 19, 2019

Industry News of the Day for July 19, 2019

Washington, D.C.:

New Jersey:

  • Play NJ, 7.17.19 – Summer Starts With Record-Setting Online Casino Growth In New Jersey
    • NJ casinos tallied $38 million in online casino and online poker revenue in June. Online sports betting had a down month (not uncommon for June) but still added another $6.9 million, bringing the industry’s total online revenue tally to $45 million.

Pennsylvania:

Michigan:

New Mexico:

  • AP News, 7.18.19 – New Mexico Gambling Income Declines Over 6-Year Period
    • Tribal casino revenues and taxes from racetrack gambling in New Mexico suggest the industry is in the doldrums or contracting in areas, according to an analysis. The briefing from the Legislative Finance Committee notes that growth in the online gambling industry — which is not authorized in New Mexico — may be drawing a share of the market away from New Mexico casinos.

New Hampshire:

  • The Laconia Daily Sun, 7.18.19 – Sports Betting Will Mean An Economic Boost For N.H.
    • Last week, Governor Sununu signed House Bill 480, legalizing sports betting, into law. The bill not only finally legalizes sports betting in New Hampshire, but also represents a tremendous opportunity for the state.

Sports League News:

  • The Lines, 7.18.19 – NASCAR Bettors… Start Your Engines!
    • NASCAR is jumping into sports betting and should have its first gambling product ready for the public in September. This new sports betting platform has been in the works since May.

iDEA Growth Member News:

  • Online Poker Report, 7.18.19 – Golden Nugget Claims New Jersey Online Gambling Crown Once Again In June
    • New Jersey continues to set the standard for regulated US online gambling and sports betting. NJ online casinos combined to earn $38.1 million in June, barely $1 million off the all-time revenue record set in March. NJ online poker sites account for barely 5% of the total, a percentage which is slowly dripping down from around 8% a year ago.