Industry News of the Day for June 6, 2022
iDEA Growth Member News
- SBC Americas, 6.6.22 – Sightline Payments bolsters Canadian expansion with leadership hires
- Sightline Payments has added three new executives to its leadership team to lead its expansion into Canada and the expansion of cashless gaming technologies. Tamara Tenenbaum joins Sightline as Senior Vice President of Business Development and Managing Director-Canada, Brian Cottengim is the firm’s new SVP of Client Solutions Strategy, and Will Hill is Sightline’s new Vice President of Business Development – Canada.
Industry News
- SBC Americas, 6.6.22 – US sports betting industry concerned about possible New York tax model spread
- A recent US sports betting regulatory survey by SBC and VIXIO GamblingCompliance has revealed that the spread of New York’s high-tax model and an anticipated backlash on advertising are the prime policy risk concerns for the region’s market.
Colorado
- Play Colorado, 6.4.22 – Notable Numbers From the First 2 Years of Colorado Sports Betting
- The Colorado Division of Gaming last week released its April sports wagering revenue report. That gives us two complete years of figures and data from sports betting in Colorado. There’s a lot to take from the raw numbers. More than anything, they show a pattern of consistent growth and prosperity since legalized sports wagering went live on May 1, 2020.
Florida
- Action Network, 6.3.22 – Florida Sports Betting Still in Limbo After Federal Court Denies Appeal
- Florida‘s legal betting timeline remains an enigma after a federal court denied one of several appeals to its online gaming lawsuit. On Thursday, the U.S. Court of Appeals for the District of Columbia granted the Department of Justice’s motion to voluntarily dismiss its appeal to one of several lawsuits that shut down online sports betting in the Sunshine state.
Massachusetts
- Mass Live, 6.3.22 – After Boston Celtics win, Massachusetts Gov. Charlie Baker urges Beacon Hill to legalize sports betting
- Charlie Baker brandished the Boston Celtics’ victory over the Golden State Warriors Thursday as his latest argument in favor of legalizing sports betting in Massachusetts. Bay Staters had to cross over state lines — including to Connecticut, New Hampshire and New York — to place wagers on Game 1 of the NBA Finals, Baker lamented Friday afternoon to reporters.
North Carolina
- WRAL.com, 6.5.22 – How much tax revenue will online sports gambling bring to NC? Some say not enough
- North Carolina should not count on a tax revenue windfall from online sports gambling. If legalized, online sports betting could bring the state more than $20 million per year, according to projections from the state legislature’s fiscal research division. That figure could rise if state lawmakers raise the tax rate in the proposed legislation, as some have indicated they might. But even that’s not a huge amount in North Carolina, where the budget is $27 billion for the fiscal year starting July 1.
Ohio
- Play Ohio, 6.3.22 – Ohio Sports Betting Application Window Overview And Updates
- We now know that sports betting will officially launch in Ohio on Jan. 1, 2023. Now it’s up to the Ohio Casino Control Commission to license the litany of operators soon to descend on Ohio’s sports betting market. The commission this week released applications for sports betting operator licenses, which will be accepted during two 30-day windows starting June 15. Any applications that miss the two 30-day windows will not be guaranteed consideration ahead of the universal start date.