Industry News of the Day for June 28, 2022
iDEA Growth Member News
- SBC Americas, 6.28.22 – Evolution launches online live casino games in West Virginia
- Evolution has gone live with its online live casino offering in the state of West Virginia. Operators in the Mountain State now have access to Evolution’s Live Roulette, Lightning Roulette, Blackjack, Infinite Blackjack, Three Card Poker, and Ultimate Texas Hold’em casino games, all streamed live from the firm’s Pennsylvania studio.
- SBC Americas, 6.28.22 – BetMGM becomes exclusive sportsbook of BetQL Network
- BetMGM has become the exclusive sportsbook of the BetQL Network, the sports betting network of multi-platform audio content provider Audacy.
- Legal Sports Report, 6.27.22 – FanDuel Hits Record Mobile NY Sports Betting Share In June
- FanDuel Sportsbook took its leadership of mobile NY sports betting to new heights, according to Friday‘s report. The eight mobile New York sportsbooks reported $265.6 million in wagers and $13.9 million in sports betting revenue in the week ending June 19.
- Legal Sports Report, 6.27.22 – Century CEO: Bet365 Sets New Target Date For Colorado Launch
- Bet365 is waiting at least another couple of months before launching in its second US state, according to its partner. Century Casinos Co-CEO Peter Hoetzinger confirmed to LSR the previously reported second-quarter launch window for bet365 will be missed: “The new launch date is, most likely, Sep 1st.”
- SBC Americas, 6.24.22 – Steve Beason returns to Scientific Games as sports betting lead
- Scientific Games has confirmed the appointment of Steve Beason as President of Digital and Sports Betting for the company’s lottery unit. The hire sees Beason returning to Scientific Games where, between 2005 and 2016, he served as the Chief Technology Officer of the firm’s Lottery System division.
- Sports Handle, 6.27.22 – Canadian Panel Discusses Future Of Online Sports Betting Industry
- Ontario‘s regulated iGaming and sports betting market is just in its infancy after launching on April 4, but an interesting discussion on the future of online sports betting took place earlier this month at the Canadian Gaming Summit in Toronto. [FanDuel; DraftKings]
Sports League News
- Legal Sports Report, 6.28.22 – NBA Adds To Ontario Sports Betting Partnership Portfolio
- The National Basketball Association (NBA) is the latest US league to expand its Ontario sports betting presence. Ontario Lottery and Gaming Corp. announced last week its newest partnership with the NBA for ON sports betting. The partnership made OLG’s ProLine+ an official sports betting partner of the NBA in Ontario just in time for last week’s 2022 NBA Draft.
- Sports Handle, 6.28.22 – Assessing The Early Performance Of Arkansas’ Mobile Wagering Platforms
- Legal online sports betting launched in Arkansas in March, but some users were frustrated by a slower-than-expected rollout.
- Sports Handle, 6.27.22 – Operators’ Mobile Sports Wagering Initiative Will Be On California Ballot
- The nation’s most populous state can officially prepare for what promises to be the nation’s biggest advertising and marketing battle over legal sports betting. On Monday night, the California Secretary of State’s Office officially reclassified the “California Solutions to Homeless and Mental Health Solutions Act” as an “eligible statewide ballot measure,” meaning there will be two legal sports betting options on the ballot — and both could pass.
- Play USA, 6.27.22 – Massachusetts Sports Betting Not Yet Law, But Regulations Can Be Written
- The Massachusetts Gaming Commission is set to begin sketching preliminary sports betting rules for non-contested topics as the state Legislature continues to slog toward concocting a law. Each chamber has passed its own bill, but there’s much to reconcile.
- Play Michigan, 6.28.22 – Michigan’s Tax Rate For Sports Betting Operators Among The Lowest In The Country
- As online sports betting continues to expand around the United States, states have had varying opinions on how to best tax the industry. Sports betting tax rates for operators across the country range from as low as 6.75%, all the way up to 51%.
- Play Nevada, 6.27.22 – Leaving Las Vegas? Nevada Sports Betting Market Could Lose To Arizona
- Nevada has long been the gold standard of sports betting. That started to change when the Professional and Amateur Sports Protection Act (PASPA) was struck down in 2018. Less than five years later some Nevada residents are beginning to head out of state to take advantage of new sportsbook opportunities.
- The News & Observer, 6.27.22 – Can North Carolina rebound from this whiff on sports gambling? Don’t bet on it.
- One of two bills necessary to move legal gambling forward failed by a single vote last Wednesday, perhaps stalling momentum until after November’s elections, maybe longer. Even that doomed effort had already been diluted by the removal of all college sports from the betting window, not just those played within the state’s borders as is the case in most other states.
- Play Pennsylvania, 6.27.22 – Online Gambling Growth Helps Soften Economic Blows to PA Casinos
- The summer sports slowdown is upon us, as is the highest US inflation rate in 40 years, but Pennsylvania gaming revenue charges on. In May, overall PA gambling revenue totaled $447.8 million, a 3.0% decrease month over month (MoM) and an increase of 8.4% year over year (YoY) compared to May 2021, according to numbers released by the PGCB.