Industry News of the Day for July 6, 2023

By iDEA | July 6, 2023

Industry News

  • Gaming Today: Tribal Gaming Power Flexed In California, Florida
    • It’s about business, certainly. But it’s also about economic independence and fending off perceived existential threats, not all of which involve their ability to derive wealth from gambling. The power of the 110 federally recognized tribes in California was demonstrated in November when a coalition of Native American gambling companies funded a campaign to crush Prop 27, which would have allowed national operators like DraftKings and FanDuel to offer mobile and online sports betting in the state of 39 million residents.
  • CDC Gaming Reports: Women’s Sports Betting Study To Be Presented At IGB Live
    • A study on women’s sports and sports betting will be introduced at IGB Live on July 12 in Amsterdam. “Breaking Barriers: Assessing Women’s Sports Growth, Betting Trends, and Integrity Challenges,” conducted by the German Sport University Cologne, will be presented by Henry Steinfeldt, a professor at the university. The study was produced with support from the International Betting Integrity Association, the All-In Diversity Project, Entain, Flutter, and Stats Perform.

Arizona

  • SBC Americas: Arizona Accepting Applications For 3 New Sports Betting Licenses
    • The Arizona Department of Gaming is opening up the application process for sportsbook operators to three new licensees. The state allows for a grand total of 20 licenses but initially issued only 18. The tribal licensees reached the cap of 10 while the event arena locations only had eight of 10 licenses issued by ADG. Since then, Fubo Sportsbook has shut down operations, leaving Ak-Chin Indian Nation without an online sportsbook. That opened up one new potential tribal licensee. Along with that, the state is seeking to fill out the remaining event wagering licenses as well.

California

  • PlayCA: California Tribes Push For Bill Permitting Lawsuit On Cardroom Games
    • California Indian tribes are again on the offensive against cardrooms. Tribes are asking the state legislature for help in getting the courts to decide the legality of how cardrooms offer blackjack and other traditionally house-banked games. Cardroom representatives look at it as the latest attempt by tribes to shut down games recognized and regulated by the state.

Canada

  • Legal Sports Report: Lawmakers Look At Creating Canada Sports Betting Ad Framework
    • Legislative campaigns to curb sports betting ads in Canada continue to mount. Last week, two Senators introduced a bill, S-269, to create a national framework for advertising on sports betting in Canada. Both sponsors, Sen. Marty Deacon and Sen. Brent Cotter, supported the legalization of single-event sports wagering in 2021. The national legislation comes on the heels of a provincial proposal to ban Ontario sports betting ads.

Iowa

  • PlayIA: Elite Sportsbook Partners With Betfred To Compete In Iowa And Beyond
    • The Iowa sports betting market has been shifting recently, and another domino has fallen. After Bally Bet suspended its services in Iowa to revamp its online product, Elite has now done the same. The sportsbook has partnered with Betfred to revamp its platform. Elite will cease taking bets online in the first week of July as it begins the merge.

Kentucky

  • PlayKentucky: Expert: Revenue Ceiling Will Keep Small Sportsbooks Out Of Kentucky
    • Industry-leading research and consulting firm Eilers & Krejcik Gaming projects that Kentucky’s smaller market size will deter some smaller or “tier 2” online sportsbooks from setting up shop in the commonwealth. The analysts at EKG provided a summary of projections to PlayKentucky, which included this one: “One or more tier 2 OSB operators (e.g., BetRivers, PointsBet) pass on the [Kentucky online sports betting] opportunity because of the state’s lower revenue ceiling.”

Missouri

  • PlayMissouri: Hoskins An Immovable Object Holding Up Sports Betting In Missouri
    • So says Missouri state Sen. Denny Hoskins about his years-long efforts to block sports betting from becoming legal in Missouri. Hoskins has successfully used the filibuster in the last two General Assembly sessions to block all attempts to legalize sports wagering. His colleagues are frustrated, sports team officials are angry, and Missourians are forced to travel out of the state to make a simple wager on a ball game.

New Jersey

  • PlayNJ: Legal Online Casinos In New Jersey Given Five-Year Extension By Governor
    • Legal online gambling in New Jersey will continue until at least 2028. On June 30, Gov. Phil Murphy signed legislation authorizing a five-year extension of the state’s internet gambling law. While it isn’t the 10 years originally carved out in proposed legislation, it does guarantee that NJ online casinos will stick around for another half-decade.

Ohio

  • Gambling News: Ohio’s Betting Tax Hike Will Hurt the Industry, Critics Say
    • Operators may exit the state and the government may miss out on millions in licensing fees. A recent Ohio bill dubbed House Bill 33 proposes some drastic changes to how the state’s sports betting industry should be taxed. Under the measure, sportsbooks will have to pay 20% of their revenue in taxes starting 2024. Needless to say, not everyone is happy.
  • PlayOhio: Ohio Continues To Grapple With Creative Sportsbook Promos Running Afoul Of The Rules
    • The Ohio Casino Control Commission has proposed a new rule forbidding sportsbooks from offering sports betting promotional offers in connection with unrelated, non-gaming consumer transactions. The new rule proposal comes a month and a half after Fanatics Sportsbook pulled a promotion in Ohio whereby customers purchasing items from Fanatics’ vast merchandise catalog online were given a “Bonus Bet” matching the price of their purchase to use on the sportsbook app.

 

Posted in Daily Clips