Industry News of the Day for March 30, 2023
iDEA Growth Member News
- SBC Americas: DraftKings’ DK Horse App Goes Live In 12 US States
- DraftKings has confirmed its new horse racing product, DK Horse, has launched in 12 states across the US. The collaboration with Churchill Downs’ subsidiary, TwinSpires, was announced last November, with the advance-deposit wagering (ADW) brand agreeing to provide the technology and platform for the ADW app.
- Gambling News: GeoComply Funds ICRG’s Research on Self-Exclusion Programs
- Geolocation technology and services provider GeoComply announced it has teamed with the International Center for Responsible Gaming (ICRG) for a research project on self-exclusion programs. The two-year research funded by GeoComply will study the long-term effectiveness of voluntary self-exclusion schemes implemented by land-based and online gambling operators to determine whether these programs would be beneficial for the industry.
- EGR North America: It’s The Last Week To Enter The Ifrah Pitch Competition!
- Ifrah Pitch invites start-ups to submit a 500-word description as well as a short video or PowerPoint presentation about their business or product for the chance to win a cash injection of $5,000, the opportunity for 5 hours of legal consultation with Ifrah Law and a feature in EGR North America. We welcome all types of companies and all verticals from across the gaming market. Click here to enter!
- Legal Sports Report: NFL Owners Vote To Let Stadium Sportsbooks Take Bets During Games
- NFL stadium sportsbooks will take bets on game days as early as next season, LSR confirmed Tuesday. Team owners voted to allow NFL stadium sportsbooks to take bets on gamedays, during a league meeting on Monday, according to multiple league sources. The Washington Commanders are the only NFL franchise with a physical sportsbook on stadium premises. Beyond that, the Arizona Cardinals, New York Giants and New York Jets have ones located just outside their gates.
- The Nevada Independent: Casinos Contribute More Than Half Of Nation’s $157B In 2022 Gaming Revenue
- When it comes to U.S. gambling activities, casinos are still king, according to a report by Southern California advisory firm Eilers & Krejcik Gaming. Gaming operators collected nearly $157 billion in gaming revenue in 2022, a 7.5 percent increase from 2021. The firm compiled figures from 12 gaming categories. Tribal and commercial casinos combined for $91 billion in gaming revenue in 2022, 58 percent of the total.
- Sports Handle: Are BetBots About To Disrupt The Sports Wagering Ecosystem?
- Professional sports bettors and syndicates that use computer modeling and algorithms to identify weak lines to exploit have been around for awhile now. But what if A.I. allows more casual bettors to do the same? And what if the sportsbooks — microbetting platforms aside — don’t keep pace?
- PlayUSA: CA Tribes Respond To DraftKings Retreat On ’24 California Sports Betting
- DraftKings no longer is targeting 2024 for California sports betting passage. California tribal leaders think that is wise but aren’t ready to forgive and forget a bitter 2022 campaign. Pechanga Chairman Mark Macarro told PlayUSA that Robins should have been more definitive in his statement. He compared it to a running back taking the ball 15 yards laterally but not gaining any yards.
- Legal Sports Report: Tribal Kansas Sports Betting Legislation On The Table
- The Kansas legislature is working through a bill that could expand its sports betting landscape. The Kansas Senate Committee on Federal and State Affairs held a hearing Monday on SB 322, which would direct Gov. Laura Kelly to renegotiate gaming compacts with the state’s tribes. Commercial Kansas sports betting launched in September 2022.
- PlayMaryland: Three Businesses Set To Receive New Maryland Sports Betting Licenses
- The sports betting market in Maryland continues to trend in the right direction. Two businesses await formal approval to receive sport betting licenses, while a third has received final approval. Whitman Gaming and Veterans Services Corp. are expected to receive sports betting licenses at the next Maryland Sports Wagering Application Review Commission meeting, which is April 19. iGamingCloud has already qualified for a license without the need for further approval.
- PlayUSA: Nevada Gambling Bill Calls For Online Gambling Black Book
- A gambling bill in Nevada calls for the state gaming commission to create a list of people with online gambling accounts who have been suspended or banned for cheating. But according to Sara Cholhagian Ralston, the former executive director of the state’s Patient Protection Commission, that was never the bill’s intention. The bill, AB380, has been referred to the Assembly Judiciary Committee.
- NC Sharp: House Approves North Carolina Sports Betting; Bill Now Off To Senate
- North Carolina’s sports betting bill is heading to the state Senate. The state’s House of Representatives voted Wednesday to give the bill its final approval. It took four committee hearings and three readings, but sports betting in North Carolina is making serious progress. At this rate, North Carolinians might be able to bet on sports starting Jan. 8, 2024.
- PlayPennsylvania: BetMGM Casino Details Popularity And Growth Of Live Dealer Games
- Pennsylvania live dealer games have taken online casinos to the next level. Over the last several months, PA online casinos have broken numerous revenue records. Pennsylvania recorded the second-highest revenue figure of all time in February, coming in at $162.3 million. The popularity of online casinos has increased since operators started to offer live dealer games.
- PlayTexas: Legal Texas Sports Betting Still A Risky Bet To Pass
- Eilers & Krejcik Gaming (EKG), a research group in the gaming industry, sees “2025 as the more likely target for Texas online sports betting legalization.” It released its assessment in a recent newsletter that itemized the hurdles facing sports betting bills. While there are four sports betting bills proposed in the 2023 Legislature, the state is showing no urgency to advance them.