Industry News of the Day for July 19, 2023

By iDEA | July 19, 2023

Industry News

  • Legal Sports Report: Why Hard Rock Rebranded Its Sportsbook To Hard Rock Bet
    • Hard Rock Sportsbook is now Hard Rock Bet. The company announced the name change Monday, ahead of a tech migration that will house Hard Rock Digital sports betting and iGaming under one app. As part of the migration, the legacy land-based casino operator plans to offer new bet types built off the momentum of parlays.
  • SBC Americas: EveryMatrix Takes Online Casino Content Live With WynnBet
    • EveryMatrix has penned a deal with US operator WynnBet to supply its in-house studio content in New Jersey.  Under the terms of the deal, EveryMatrix will supply WynnBet with its online casino content using its CasinoEngine integration platform for igaming in the Garden State. As a result, EveryMatrix in-house games, including from its Armadillo Studios subsidiary, will be available for WynnBet’s players in the state.

Kentucky

  • PlayKentucky: DraftKings ‘Still Pulling Our Plans Together’ For Kentucky Partnership
    • One of the country’s leading sportsbooks is taking its time when it comes to Kentucky. DraftKings has yet to finalize its plans for Kentucky, which will launch retail sports betting on Sept. 7 and online sports betting three weeks later on Sept. 28. That’s according to a DraftKings spokesperson who emailed PlayKentucky on Tuesday. “We are still pulling our plans together for Kentucky,” the spokesperson wrote.

Maine

  • Portland Press Herald: Maine In The ‘Homestretch’ Of Sports Betting Launch
    • Preparations for the launch of Maine’s first sports betting operations are expected to accelerate now that the Office of the Maine Attorney General has begun a final review of the state’s rules for the new industry. The chairman of the Gambling Control Board expects to receive license applications from vendors in the coming weeks or months so the operators will be ready to go live this fall.

Michigan

Pennsylvania

  • PlayPennsylvania: PA Online Casinos Cross $1 Billion In Yearly Revenue Through June
    • As the dog days of summer are approaching, Pennsylvania online casinos still set a milestone despite a slight cooldown. In figures released from the Pennsylvania Gaming Control Board (PGCB), online casino operators already exceeded $1 billion in yearly revenue thanks to June’s output of $164.3 million. With many Pennsylvanians starting to plan for summer vacations outside the state, June revenue remained strong, though it’s the lowest output since February.

Tennessee

  • The Center Square: Tennessee Collects $4.6M In Sports Gambling Taxes In First Month Of Handle Tax
    • Tennessee received $4.6 million in taxes on $230.3 million in sports wagers in June, the first month the state began a new system for taxing sports gambling. Under the previous system, the state would have also received $4.6 million in taxes. It was the state’s lowest sports gambling tax collection since July 2022 and the lowest total of gross wagers since August 2022.

Vermont

  • Sports Handle: Vermont Regulator Approves Latest Sports Wagering Procedures
    • With little fanfare or discussion, the Vermont Department of Lottery Board of Directors Monday unanimously approved “enhanced procedures” for sports betting with the understanding that the regulations may be amended going forward. The vote is an important step in the process to launch wagering by early 2024. Toward the end of the 12-minute meeting, Lottery Commissioner Wendy Knight answered questions about whether any kind of wagering on horse racing would be allowed.
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