Industry News of the Day for July 6, 2022

By iDEA | July 6, 2022

iDEA Growth Member News

  • Sports Handle, 7.6.22 – FanDuel Makes Promotional Pivot From ‘Risk-Free’ To ‘No Sweat’ Bets
    • On June 11, an article bearing the headline “FanDuel CEO Amy Howe Wants to Help the Sports-Betting Business Grow Up” appeared in the online version of The Wall Street Journal. Here, it was reported that FanDuel was “re-evaluating the use of terms like ‘risk free’ in its advertising promotions targeting new customers.”
  • Michigan Sharp, 7.5.22 – White Hat Studios Makes Long-Awaited US Debut in Michigan with BetMGM
    • There’s a new kid on the block in the competitive US online casino market: White Hat Studios. It’s a young company – still less than a year old in fact – but originally expected to make its debut in Q1 this year. The rollout encountered some delays, but the company has been hard at work signing deals with US operators, including several Michigan online casinos.
  • Legal Sports Report, 7.5.22 – FanDuel Bolsters Canada Sports Betting Portfolio With NFL Deal
    • FanDuel continues to fill out its partnerships for Canada sports betting. FanDuel Sportsbook is now an official sportsbook partner of the NFL for Canada sports betting, according to a release last week. The deal expands the brands’ relationship that already includes US sports betting.
  • SBC Americas, 7.5.22 – White Hat Studios ‘delighted’ as it goes live in US with BetMGM
    • White Hat Studios has gone live in the US after beginning its deal with BetMGM – its first customer in the region. The deal ensures that ‘hundreds’ of slots, jackpots, RNG, table and instant win games are available for BetMGM players in regulated markets across the US.

Sports League News

Arizona

  • Sports Handle, 7.5.22 – Arizona Moves Past $4 Billion In All-Time Sports Wagering Handle
    • Arizona continued its impressive first full year of legalized sports wagering, becoming the 11th state to surpass $4 billion in overall bets after the state’s Department of Gaming reported nearly $513 million in handle for the month of April.

California

  • Sports Handle, 7.5.22 – Third California Tribe Signs On To Back Operators’ Digital Wagering Initiative
    • The ballot initiative put forth in California by seven major sports wagering companies is gaining traction among small tribes in the northern part of the state. The political committee for the California Solutions for Homelessness and Mental Health Support Act, now known as Proposition 27, announced Tuesday that a third tribe backs it.

Maryland

Michigan

Ohio

  • Legal Sports Report, 7.5.22 – More Applications For Ohio Sports Betting Roll In But Many Still Missing
    • Sports betting in Ohio is less than six months away from launch, but there is still plenty of work to do before then. There are only 10 days left to submit applications for mobile and retail Ohio sportsbooks that want a chance to launch on Jan. 1. There can be as many as 46 online sportsbooks in the market.
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