Industry News of the Day for June 20, 2022

By iDEA | June 20, 2022

iDEA Growth in the News

  • Bonus.com, 6.17.22 – Could New York Get Online Gaming Soon? iDEA Growth Hopes So
    • If one non-profit has a say, New York could end up with iGaming at some point in the future. iDEA Growth, the non-profit group in question, comprises a variety of gambling stakeholders. It recently sent a letter of support via the law firm Ifrah Law to New York Senator Joseph Addabbo about New York Senate Bill 8412.

iDEA Growth Member News

  • SBC Americas, 6.20.22 – Entain board adds Rahul Welde as Non-Executive Director
    • The board of Entain Plc has confirmed the appointment of Rahul Welde as an independent Non-Executive Director of the global gambling group, effective July 1.
  • Legal Sports Report, 6.20.22 – FanDuel Keeps Pedal To The Metal In Latest PA Sports Betting Report
    • True to its word, FanDuel is keeping the pressure on in PA sports betting. The Flutter-owned brand accounted for 56% of PA online sports betting taxable revenue in May 2022.
  • SBC Americas, 6.20.22 – PointsBet ‘delighted’ as SIG Sports makes ‘strategic’ investment to raise $65.8m
    • PointsBet Chairman Brett Paton has expressed his ‘delight’ after SIG Sports Investment became a strategic investor in the firm, pumping $65.8m into the sportsbook brand. SIG Sports has become the largest shareholder in PointsBet following the investment, taking 12.8% of the company after the placement of 38.75 million shares at $1.69 each. The investment price represents a 15% premium to the five-day volume-weighted average price to June 17.
  • Gambling.com, 6.20.22 – Streamer Mathil Says xQc Would Sell His Audience for Money
    • Tensions continue to build up, triggered by xQc’s decision to embrace gambling streams. The latest to take a jab at the streamer is fellow content creator Mathil, known to his Path of Exile fans and for his clever antics, and packing a sizeable audience. [Jeff Ifrah, Ifrah Law]
  • Play USA, 6.17.22 – BetMGM And Carnival Cruise Lines Will Soon Offer Online Gambling
    • If the weather is ever poor while onboard a Carnival Cruise Line ship in the future, there will be a new way to pass the time inside your cabin. BetMGM and the Carnival Corporation have just closed a deal to bring a new diversion to cruisers. BetMGM plans to make its online gambling products available to guests of Carnival’s three brands. The circumstances in which that will be available are well-defined and might not encompass travelers’ entire trips, though.

Industry News

Arkansas

Louisiana

  • Legal Sports Report, 6.20.22 – Louisiana Sports Betting Turns In High Hold, Low Handle For May
    • Louisiana sports betting handle continues a predictable downward trend following its late January online launch. In May, Louisiana sportsbooks took $171.1 million in bets, according to a Louisiana Gaming Control Board report released Thursday. Online LA sports betting began in late January 2022.

Michigan

  • Legal Sports Report, 6.20.22 – Michigan Sports Betting Handles May Dip Well With Strong Revenue
    • While the Detroit Tigers are off to a dismal start to the baseball season, Michigan sports betting enjoyed a decent May. Michigan sportsbooks handled $356.1 million in May, according to a Michigan Gaming Control Board report released Thursday. The total is a 10% drop from April 2022, but a 38% increase compared to May 2021.

New Jersey

  • iGB, 6.17.22 – New Jersey gambling revenue up 15.1% year-on-year in May
    • Gambling revenue in New Jersey increased by 15.1% year-on-year in May following growth across almost all areas of the US state’s regulated market. Revenue for the month amounted to $430.6m (£349.8m/€409.2m), up from $374.2m in May 2021 and also 1.9% higher than $422.5m in April of this year.

North Carolina

  • Play USA, 6.17.22 – North Carolina Lawmakers To Discuss Online Sports Betting Bill Next Week
    • After months of anticipation, North Carolina lawmakers will finally discuss a bill to legalize online NC sports betting next week. One state lawmaker even anticipates mobile wagering could be up and running this fall.
  • Sports Handle, 6.17.22 – North Carolina Legislators Plan To Increase Tax Rate In Sports Wagering Bill
    • Changes are coming to a North Carolina sports betting bill, as legislators seem intent on increasing potential revenue. Sports Handle obtained a copy of a revised version of Senate-approved SB 688, which has been tweaked to increase licensing fees and the proposed tax rate, as legislators make a last-minute push to pass the bill in the 2022 legislative session.

Ohio

  • Play USA, 6.17.22 – Ohio Casinos Will Be Allowed To Choose Between Local, National Helpline
    • When Ohio finally launches sports betting next year, casinos and their iGaming apps may have a choice of helplines. The state’s longtime problem gambling hotline or 1-800-GAMBLER, the number that the National Council on Problem Gambling will soon adopt, could both be options for Ohioans.

Pennsylvania

  • Penn Bets, 6.20.22 – Consistent Online Casino Play Has Pennsylvania On Pace For $1.3B IGaming Year
    • The $113.3 million in revenue reported by Pennsylvania’s 18 iCasinos in May was not a record — they collected nearly $5 million more in March — but it highlighted the stability now common for this integral part of the state’s gaming industry.
  • iGB, 6.17.22 – Pennsylvania gambling revenue reaches $447.8m in May
    • Gambling revenue in the state of Pennsylvania amounted to $447.8m (£363.8m/€425.4m) in May, an 8.4% increase on the same month last year. Total market revenue was up from $413.2m in May of 2021, but down 3.2% from a record $462.7m in April this year.
Posted in Daily Clips