Industry News of the Day for June 29, 2022

By iDEA | June 29, 2022

iDEA Growth Member News

  • Play Illinois, 6.29.22 – Construction Starts On DraftKings Sportsbook At Wrigley Field
    • The new DraftKings Sportsbook at Wrigley Field is finally under construction. The home of the Chicago Cubs will be the first stadium in Illinois to feature its own sportsbook. With the beam signing in the rearview, gamblers in the state will have a new Illinois sports betting option before long.
  • US Bets, 6.29.22 – Ask A Bookmaker With Johnny Avello: The Dog Days Of Summer
    • Welcome to our weekly “Ask a Bookmaker” feature, which answers many of the common (and uncommon!) questions gamblers and enthusiasts have about how sportsbooks operate in the modern age of sports betting. Respected bookmaker Johnny Avello has been involved in the betting industry since the 1970s and previously managed the Las Vegas sportsbooks at Bally’s and the Wynn. Now the director of race and sportsbook operations for DraftKings, Avello was recently inducted into the Sports Betting Hall of Fame.
  • SBC Americas, 6.29.22 – Wizard Games secures BetMGM deal in New Jersey
    • Wizard Games is continuing to embark on its US expansion plans as it struck a deal with BetMGM to offer its games to players in New Jersey. This marks the second state in which BetMGM and Wizard are partnering, after agreeing a similar deal in West Virginia back in February.

Industry News

  • Sports Handle, 6.28.22 – Weed And Wagers: The Concurrent Rise Of Cannabis And Sports Betting
    • You might say that as the full-time cannabis editor for Denver’s alternative weekly, Westword, Thomas Mitchell has a professional obligation to sample marijuana. And that he does. Mitchell also likes to bet on sports, an activity that, like smoking pot, is fully legal in the state of Colorado.
  • Play USA, 6.28.22 – AGA Anti-Human Trafficking Task Force Releases First Guide For Members
    • Human trafficking, unfortunately, remains an issue in the United States of America. A new task force has begun to combat it in the gambling industry with the release of an AGA human trafficking guide. The document lists ways that members of the American Gaming Association can identify, prevent, and report human trafficking in their operations. The content is great for gamblers curious about how they can help as well.

Sports League News

Massachusetts

  • Sports Handle, 6.28.22 – May Numbers Suggest Plenty Leaving MA For Legal Sports Betting
    • There is about a month left for legislators to find middle ground on a bill that would legalize MA sports betting. According to monthly sports betting reports, bettors in Massachusetts are not waiting idly – they are taking their dollars out of state.

New York

  • Action Network, 6.28.22 – New York Sets Sports Betting Tax Revenue Record
    • Kathy Mochul announced earlier this month that New York had set a sports betting state record for tax revenue, generating $267 million in the five months since legal wagering went live. Legal online sports betting went live on Jan. 8, and thanks to New York’s astronomical 51% tax rate, which is tied with New Hampshire for the highest in the country, it didn’t take long for The Empire State to set the new tax revenue record. New York and New Hampshire join Delaware and Rhode Island as the only states that tax sports betting operators on at least half of their earnings.
  • Bonus.com, 6.28.22 – Sen. Joseph Addabbo Lays the Foundation for 2023 Online Casino Push
    • New York lawmakers are laying the groundwork to legalize online casino gambling in 2023. In the latest move to spur the New York online casino effort along, Sen. Joseph Addabbo sent a press release yesterday to emphasize that a bill creating the Problem Gambling Advisory Council (PGAC) is only awaiting Gov. Kathy Hochul‘s signature before it becomes law.

Tennessee

  • Sports Handle, 6.29.22 – Tennessee Sports Wagering Operators Eke Out Small Monthly Gain
    • Sports wagering operators in Tennessee were able to post small monthly gains for May thanks to cracking the 10% hold plateau for the fourth time since launch in 2020. The Sports Wagering Advisory Council (SWAC) reported handle totaling close to $261.6 million for the month, a 10.7% drop compared to the $292.8 million wagered in April. But an increase of 1.25 percentage points in the gross revenue win rate to 10.4% meant the state’s nine operators claimed more than $27.3 million for the month — nearly $175,000 above April’s haul.
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