Industry News of the Day for June 8, 2022

iDEA Growth Member News

iDEA Growth Members in the News

  •, 6.7.22 – Kindred’s Ongoing Efforts To Zero-Out Problem Gambling Revenue
    • It’s not every day you’ll find an online casino operator hoping to bring a revenue figure to zero on its quarterly earnings reports. However, that’s exactly what Malta-based Kindred Group’s personnel are hoping will happen by 2023. The metric they’re aiming to zero out is revenue generated from “harmful gambling” behavior by players.
  • US Bets, 6.7.22 – DraftKings CEO Jason Robins Says Things That Make Me Go ‘Hmmm’
    • Last November at the Canaccord Genuity Digital Gaming Summit, DraftKings founder and CEO Jason Robins had this to say about sports betting, which sent gambling Twitter into a frenzy: “This is an entertainment activity. People who are doing this for profit are not the players we want.”

Sports League News

  • Sports Handle, 6.8 – Several PGA Sportsbook Partners Accepting Bets On Saudi-Backed LIV Tour Debut
    • With Mickelson as the face of the breakaway tour, several major U.S. sportsbooks have begun to accept wagers on this week’s LIV series debut taking place Thursday-Saturday at the Centurion Club in London. Bettors can wager on the event at DraftKings and PointsBet, each of which — ironically enough — maintains an official sports betting partnership with the PGA Tour. FanDuel Sportsbook, another PGA sportsbook partner, is not accepting wagers on the event in the U.S., a spokesman told Sports Handle.


New Jersey

  • Play NJ, 6.8.22 – Self-Exclusion In New Jersey: What Bettors Need To Know
    • With legal gambling so widespread throughout the country now, many are taking lots of measures to help bettors. To ensure that problem gambling doesn’t become an issue, players can take several steps, including self-exclusion.

South Carolina

  • Action Network, 6.7.22 – South Carolina’s Sports Betting Hopes Fizzle Out in Final Days of Session
    • South Carolina will keep waiting for legal sports betting, as an effort to green light it in 2022 comes to a halt. With just nine days before lawmakers return for a special session, there’s still an abundance of steps needed before they can vote on H.B. 5277. The bill would legalize online sports betting, but according to multiple sources that won’t happen. [John Pappas]