Industry News of the Day for July 26, 2023

By iDEA | July 26, 2023

Industry News

  • PlayUSA: US Commercial Gaming Has Record Setting May, AGA Reports
    • The latest revenue report from the American Gaming Association (AGA) points to a lucrative May for US commercial gaming. May also marked the 27th consecutive month of annual national growth, headlined by $5.49 billion in revenue, up 6.4% compared to May 2022. Furthermore, individual state markets continue to bounce back from past COVID concerns. Of the 33 commercial gaming states that were operational one year ago, 24 posted year-over-year revenue growth in May. 
  • Bonus.com: Unibet Revenue Rises 29% In Q2, ‘Harmful’ Online Gambling Income Falls To 3.1%
    • Unibet and the online gambling operator’s parent company, Kindred Group, seem to prove betting doesn’t need income from problem gamblers in order to be profitable. In Q2 2023, Kindred’s total revenue rose 29% over Q2 2022. Also, in Q2, revenue “from harmful gambling” was 3.1%. Kindred reported the first number today and the latest result of its problem gambling initiative yesterday. Kindred calls the latter Journey Towards Zero.
  • Gambling News: Rightlander, bet365 Extend Affiliate Compliance Deal
    • Gambling and betting giant bet365 has penned a partnership extension with Rightlander, a leading provider of innovative affiliate compliance solutions. The deal highlights the operator’s desire to promote safer gambling, as well as its commitment to high compliance standards. Rightlander and be365 have worked together for some time with the former company providing its comprehensive cutting-edge compliance tools to the operator.

Illinois

  • PlayIllinois: New Illinois Sportsbooks Coming — And They’re Not Circa Or Fanatics
    • More Illinois online sports betting operators appear poised to be joining a market that has long been home to just seven sportsbooks. And the new entrants coming will be above and beyond the arrival of Circa and Fanatics. The agenda for Thursday’s Illinois Gaming Board regularly-scheduled board meeting lists an item under the “online only master sports wagering license” category that specifically says: “identification of winning bidders.”

Kentucky

  • PlayKentucky: Exclusive: 26% Of Kentucky Worry Sports Betting Hurts Horse Racing
    • There is no state more synonymous with horse racing than Kentucky. The Bluegrass State is home to the 14 venues that either host live races or offer simulcast betting. Furthermore, the industry’s most prestigious race, the Kentucky Derby, runs in Louisville. Therefore, it’s no surprise that many residents are concerned about the impact of Kentucky sports betting on the horse racing world.

Massachusetts

  • PlayMA: Three Casinos In Massachusetts Fined Total Of $50k For Sportsbook Violations
    • The Massachusetts Gaming Commission (MGC) has issued a total of $50,000 in fines to the three Massachusetts casinos. The fines stem from each of the retail sportsbook locations accepting wagers on unauthorized events. More specifically, the Massachusetts casinos accepted bets on men’s and women’s college basketball games involving Massachusetts teams.

Michigan

  • PlayMichigan: After $151 Million In June Revenue, Michigan Online Casinos Up 24% In 2023
    • Michigan online casinos put up another top-5 all-time revenue month in June, recording $151 million last month. June’s total is just a slim 0.3% increase from May’s $150.6 million, it’s a 24.3% jump from June 2022’s $121.5 million. June’s total pushes Michigan’s all-time online casino revenue past $3.5 billion. It also pushes the lifetime tax revenue total dollars over $900 million.

Missouri

  • Legal Sports Report: Cardinals President Calls Out Senator Over Missouri Sports Betting Failures
    • Bill DeWitt III wants legalized Missouri sports betting, and his growing frustration with a state Senator blocking the issue in the legislature is clear in a recent interview with LSR. The St. Louis Cardinals president directly addressed the challenge posed by Sen. Denny Hoskins, the Senator who has almost singlehandedly stalled MO sports betting legalization efforts over the past two years.

Ohio

  • SBC Americas: Fanatics Set To Open Retail Sportsbooks Near Nationwide Arena, Progressive Field
    • Fanatics Betting and Gaming is still in beta in Ohio but it is working towards making a land-based impact in the Buckeye State. The group announced on Tuesday that a Fanatics retail sportsbook location in the Arena District of Columbus through a partnership with the NHL’s Columbus Blue Jackets. The project is on schedule to open at the end of August, just in time for football season.
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