Industry News of the Day for March 21, 2023
- Legal Sports Report: Business By The Books: How New JV Could Enhance Sports Betting Marketing Partners
- Cipher and Australia-listed IXUP want to shake up the relationships between media and sports betting ops by giving both more information. Their joint venture, Convertr, would allow both sides of a marketing partnership to securely match customer data that could open more sports betting revenue opportunities.
- PlayUSA: Will Sportsbook Parlay Promos Draw The Ire Of Gambling Regulators Next?
- For the moment in the legal US sports betting landscape, it seems regulators have some big fish to fry. However, whether a certain fish is big is relative to how it compares to others. After gambling regulators finish frying their catches of the current day, they could very well prep their pans for the next pescatarian delight.
- Sports Handle: In It For The Long Haul: AGA Exercises Patience In Fight Vs. Offshore Books
- Nearly a year has elapsed since the American Gaming Association sent a letter to the U.S. Department of Justice urging the department to accelerate efforts to crack down on unregulated, offshore sportsbooks. In the letter to U.S. Attorney General Merrick Garland, AGA President and CEO Bill Miller outlined a series of measures that could be taken to diminish the influence of unregulated sports betting websites that target customers in the U.S.
- CT Insider: Bill Would Block Public Universities In Connecticut From Soliciting Students To Bet On Sports
- A proposal in the Connecticut legislature would bar public colleges in the state from partnering with sponsors to solicit students to gamble, in an effort to reign in what some see as excesses of legal sports betting. Under the bill, which recently advanced out of the legislature’s higher education committee, public universities could still accept sponsorships from betting companies but could not directly market gambling to students.
- Gaming Today: 16 Sports Betting Apps Possible Under Latest Georgia Proposal
- Georgia would have up to 16 online sports betting apps for bettors to choose from under a revamped bill amended and passed by a Senate committee last week. All 16 apps – with one skin (mobile app) per license – proposed by House Bill 237 would be regulated by the Georgia Lottery, which would hold a master online sports betting license and be allowed to offer its own sports betting app.
- PlayGeorgia: Georgia’s Final Pass At Sports Betting In 2023
- A Senate committee substitute for House Bill 237, Georgia’s last-ditch effort at legalizing online sports betting, offers an increased tax rate and a Jan. 31, 2024, launch target date. Rep. Leesa Hagan, who sponsored HB 237 with the intention of designating an official state soap box derby, asked to have all such language stripped from the bill when the sports betting language was added, essentially transforming it into a standalone online sports betting bill.
- PlayUSA: Kentucky Senate Majority Leader Calls Sports Betting ‘Biggest Thing Left On Our Plate’
- Kentucky sports betting legislation might not pass when lawmakers return for two final days March 29. But it will definitely be a topic of conversation. Senate Majority Leader Damon Thayer tells PlayUSA that sports betting is the main issue the Kentucky legislature has left this session.
- PlayMichigan: Michigan Online Casinos Top $148 Million In Revenue In February
- Michigan online casinos may not have set a fifth consecutive month of record revenue, but February 2023 was still a strong showing. The 15 online casinos in Michigan combined to collect $148.2 million in revenue during the month. That’s the third-highest total in Michigan’s online casino history.
- New Jersey Monitor: As Gambling Revenue Climbs, Lawmakers Advance Bills To Curb Gaming Addiction
- As casino and online gambling revenue continued its pandemic-precipitated climb, state lawmakers worried that gaming addiction has kept pace passed a series of measures Monday meant to discourage youth from gambling and divert problem gamblers from the criminal justice system.
- PlayNJ: NJ Online Casino Stays Hot In February With $142 Million In Revenue
- Online gambling continues to rake in huge monthly revenues for digital operators in New Jersey. According to the latest figures from the state Division of Gaming Enforcement, internet gaming generated nearly $142.6 million in February. The monthly total was a 6.7% decline from January’s record-setting $152.9 million but 9.7% higher than in February 2022.
- SBC Americas: Hofstra Calls Proposed Sands NYC Casino “Entirely Inappropriate”
- The list of local critics opposing a potential Las Vegas Sands-backed casino at the Nassau Coliseum site in New York is growing, and the latest opponent is Hofstra University. The Hofstra University trustees penned an open letter about the project detailing the school’s history in the area.
- Legal Sports Report: TN Sports Betting Legislation Would Tax Handle Instead Of Revenue
- The TN sports betting market started off with the unique and confusing twist of requiring operators to hold 10% of revenue every month. Proposed changes passing through the Tennessee House would change that requirement, albeit to another head-scratching model not seen in any other US state.
- PlayTexas: Rick Perry Thinks Texas Sports Betting Will Pass ‘Overwhelmingly’
- Former Texas Gov. Rick Perry believes online sports betting legislation that would amend the state constitution will pass “overwhelmingly” when put to a vote. Perry recently spoke on the World Series of Politics podcast about his confidence in the legislation put forth in the House by Rep. Jeff Leach and in the Senate by Sen. Lois Kolkhorst.
- Saturday Down South: Three Sports Betting Bills To Be Heard By House State Affairs Committee This Week
- Three bills to potentially legalize Texas sports betting will be heard for the first time this week in the House of Representatives State Affairs Committee. On Wednesday, March 22, at 10:30 a.m. CST, three bills to legalize sports betting will be heard by the State Affairs Committee for the first time since being introduced.