Industry News of the Day for June 14, 2023

By iDEA | June 14, 2023

Industry News

  • Legal Sports Report: More NFL Betting Probes To Come, Integrity Monitor Says
    • US Integrity founder and CEO Matt Holt hopes that the recent rash of NFL betting investigations will dissuade players from participating in future disallowed sports wagering activity.  There are still a “multitude” of outstanding NFL betting investigations on players wagering at practice facilities from last season (which is prohibited under league rules) that have yet to be publicly disclosed, Holt told LSR Thursday.
  • SBC Americas: US Integrity Hopes AthleteAlert Generates The Data Needed On Bettor Harassment
    • As concerns continue to grow around the harassment of athletes, particularly student-athletes, many think something needs to be done. However, most will agree that we just don’t know how far-reaching the problem is. “People can’t act because there isn’t data so US Integrity is going to get that data on their dime with the help of AthleteAlert,” explained US Integrity co-founder and CEO Matthew Holt.
  • TheLines: NCAA Surprisingly Planning College Sports Betting Revenue Strategy
    • NCAA President Charlie Baker recently spoke at an event dubbed “The Future of College Sports” at the University of Arizona. At the event, Baker discussed future plans to increase revenue streams for the NCAA. One such strategy includes monetizing college sports betting relationships. This strategy aims to close the revenue gap between college football and other NCAA sports.

Arizona

  • Sports Handle: March Sports Wagering Handle Of $645 Million Second-Highest In Arizona History
    • The Arizona Department of Gaming reported sports wagering handle totaling $644.8 million for March, the state’s second-highest total in 19 months of legal wagering. The amount trails only the $691 million generated in March 2022, though this year’s total marked the fifth time Arizona sportsbooks have handled at least $600 million worth of accepted bets. Handle was up 5.8% compared to February, when Glendale hosting Super Bowl LVII helped nudge the total to over $609 million.

Kentucky

  • PlayKentucky: KY Gov Tax Projections Indicate Annual Sports Betting Handle Of $2.13B
    • Kentucky Gov. Andy Beshear said the state’s first gambling expansion since 1989 would generate about $23 million in new annual tax revenue. Beshear signed legislation at the end of March legalizing sports betting in Kentucky. The bill allows retail and online betting in the Bluegrass State. Most of the tax revenue would help fix Kentucky’s shortfall in the pension fund. For Beshear’s projections to be correct, Kentucky bettors would need to wager about $2.13 billion yearly.

Michigan

  • PlayMichigan: Detroit Casino Revenue Mirroring Last Year’s Pace Through Five Months Of 2023
    • Detroit’s three retail casinos reported $105.6 million in revenue for May, according to a release from the Michigan Gaming Control Board. Nearly all of that — $104.7 million — was generated through slots and table games. That number is down slightly from May 2022, and through five months, Detroit casino revenue is nearly identical to a year ago. MGM Grand Detroit remained the leader among Detroit casinos, bringing in $49.3 million in slot and table game revenue in May. That number is down slightly (1.4%) from a year ago for MGM.

New Jersey

  • PlayNJ: More Than Sports Betting, PointsBet Deal Creates NJ Online Casino Possibility For Fanatics
    • The much-anticipated debut of Fanatics as an online sportsbook operator may be a precursor to long-term gambling success for the merchandising and apparel giant. But the company’s impending acquisition of PointsBet’s US holdings will open the door to the much more lucrative market of online casinos. While there are still regulatory and financial steps to complete before Fanatics launches in New Jersey, it’s worth considering what the rookie gambling operator may bring to the table.
  • NJ Biz: New Jersey Unveils Latest Tools To Combat Problem Gambling
    • New Jersey Attorney General Matthew Platkin and Division of Gaming Enforcement (DGE) Director David Rebuck announced two new tools June 12 to assist problem gamblers in the Garden State: a dedicated hotline and a virtual option to self-exclude from gaming activities. Any gambler who wants to self-exclude from wagering can now contact DGE via a new, dedicated and toll-free phone number (1-833-788-4DGE) to learn about and initiate the process.

Ohio

  • PlayOhio: Ohio Investigating Fantasy Sports Sites For Offering Illegal Sports Betting
    • The Ohio Casino Control Commission is looking to crack down on daily fantasy sports websites that offer wagering options that resemble player proposition bets offered by sportsbook operators. At the OCCC’s monthly meeting in May, executive director Matt Schuler said that the commission is investigating some fantasy sports operators for illegally offering sports betting.

Rhode Island

  • US Bets: Rhode Island Committee Sends Legal iGaming Legislation To House Floor
    • Rhode Island’s House Finance Committee approved a pair of iGaming bills Tuesday afternoon and sent them on to the House floor for consideration. Should the full House pass the bills, Rhode Island would become the first state this year to send legal online gaming legislation to its governor. The committee voted on an amended version of a House bill, which changed the effective date of the law from Jan. 1, 2024, to March 1, 2024, and also changed the percentage of revenue due to the state to match that of retail casinos.
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