Industry News of the Day for July 29, 2022
iDEA Growth Member News
- SBC Americas, 7.29.22 – PointsBet’s North American growth assists Q4 & FY22 uptick
- PointsBet has published its financial results for the fourth quarter and the fiscal year 2022, reporting year-over-year gains in sports betting turnover/handle and total net win across both measuring periods, both as a group and in the US. [Sam Swanell, CEO]
Industry News
- Sports Handle, 7.28.22 – S. Sports Betting Industry Warming Up To Crypto, But Concerns Remain
- Despite a massive correction in the cryptocurrency market in recent months, the U.S. sports betting community is finally rounding the corner in its acceptance of virtual coins for wagering activities.
Massachusetts
- Legal Sports Report, 7.28.22 – Governor Renews Hope For Legal MA Sports Betting But Will It Happen?
- With Sunday’s deadline fast approaching, it remains unclear whether there will be any legal MA sports betting at all this year. Nearly three weeks ago, Boston Red Sox executive David Friedman said the franchise was interested in building a retail sportsbook near Fenway Park if allowed by the state’s legislature.
Nevada
- Legal Sports Report, 7.28.22 – June Nevada Sports Betting Figures Highlight Dip In Mature Markets
- In June, Nevada sports betting handle dipped below $500 million for the first time since August 2021. Nevada sportsbooks took $490.4 million in bets during the month of June, according to a Nevada Gaming Control Board report released Thursday. That is the lowest total since August 2021, when operators took $427.4 million in wagers.
- US Bets, 7.28.22 – Nevada Sports Betting Handle Dips Below $500 Million For June
- The summertime lull that comes with fewer events for sports wagering was evident in Nevada like elsewhere as the state’s Gaming Control Board reported $490.4 million handle for June on Thursday. It was the first time handle dropped below one-half billion dollars since last August, when operators across the Silver State accepted $428.1 million worth of bets. Of course, the relatively quiet summer last year preceded a four-month frenzy of wagering nationwide, fueled by the NFL’s embrace of legalized betting. June’s total, however, was still enough to make Nevada the second state along with New Jersey to surpass $25 billion in all-time handle during the post-PASPA era.
Washington, D.C.
- Sports Handle, 7.28.22 – C. Can Learn From Oregon’s Betting Model
- Over 800 App Store ratings of the Scoreboard sports betting app, which was powered by SBTech and the Oregon Lottery, garnered an average rating of 1.6 out of 5. By contrast, DraftKings’ sportsbook app has an average rating of 4.8 across over 340,000 ratings.