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Industry News of the Day for March 5, 2019

Industry News of the Day for March 5, 2019

iDEA Growth in the News: 

  • Play Pennsylvania, 3.4.19 – DOJ Punts Enforcement Date of New Wire Act Opinion to June 14 (iDEA Growth mentioned in the article)
    • Originally, Tax Day and doomsday for the new DOJ Wire Act opinion were one and the same. April 15 would be the first day the DOJ would enforce the new, much more restrictive view on the Wire Act.

Industry News:

Iowa:

New York:

  • Legal Sports Report, 3.4.19 – Will New York Sports Betting Slide Into Yankee Stadium Or Madison Square Garden?
    • Imagine visiting Yankee Stadium and placing a sports bet before the first pitch against the Red Sox. Legalized New York sports betting was one of several topics covered during Friday’s three-panel discussion on The Future of Sports Betting at the seventh annual Cardozo Sports Law Symposium in New York City.
  • The Daily Gazette, 3.4.19 – Casino revenues dropped in January
    • January may not be the best month to be in the casino business in upstate New York. Rivers Casino & Resort in Schenectady saw its gross gaming revenue for the cold and snowy month drop by $1.5 million from December. That’s a 17 percent decline. Still, the number — just over $11.35 million — was up by $150,000 from January 2018, according to state Gaming Commission reports.

California:

  • Legal Sports Report, 3.5.19 – Proposed California Sports Betting Initiative Fails Before It Ever Starts
    • Momentum for California sports betting will not come this year from the legislature or the ballot. A proposed initiative to authorize CA sports betting expired without enough signatures to qualify for the 2020 ballot. The deadline for introduction of new sports betting bills also passed last month in the state legislature.

Nebraska:

  • ABC News, 3.3.19 – Ponca Tribe fighting 2 states and a city to keep new casino
    • Some 150 years after suffering the loss of its homeland at the hands of the U.S. government, the Ponca Tribe of Nebraska is celebrating a triumph with the opening of a casino intended to secure a stream of revenue for the long-struggling tribe.

Illinois:

Florida:

  • News 4 JAX, 3.5.19 – Sports betting on table in Florida Legislative Session
    • Allowing fans to place bets at professional sports arenas while games are played may sound far-fetched. But the twist on what are known as “prop” bets is part of the discussion about sports gambling as Florida’s 60-day legislative session snaps into action.

West Virginia:

  • Gambling.com, 3.4.19 – West Virginia Online Gaming Bill Lingers as Deadline Nears
    • A sweeping online expansion bill is closer to passage than ever in West Virginia, but a key hurdle in the state Senate – and a looming deadline – could squash the legislation before it can come into law.

North Carolina:

  • Gambling.com, 3.4.19 – North Carolina Considers Sports Betting at State Casinos
    • Though North Carolina sports betting may not garner headlines like in states further up the east coast, a new bill could see the Tar Heel State take its first legal wager – potentially even ahead of states that have debated legalization for years.

New Jersey:

Sports League News:

  • Sports Daily Business, 3.4.19 – New York Bill Could Allow Wagering At Venues Like Yankee Stadium, MSG
    • Legislation for wagering inside the ballpark still may face strong opposition from other officials Photo: GETTY IMAGES A sponsor of sports betting legislation in New York said that the bill “likely would allow for in-person wagering” at places like Yankee Stadium and MSG, according to Dav.

iDEA Growth Member News:

Overall Industry News:

  • Sports Handle, 3.4.19 – Addiction Recovery Expert Talks Sports Betting Addiction Post-PASPA
    • While the vast majority of people enjoy gambling without falling into addiction, the prevalence rate for persons who veer into pathological gambling and potential life-ruining consequences is about 2.2 percent in the U.S., per 2014 findings by the National Council on Problem Gambling.
  • Sports Handle, 3.4.19 – Sports Betting Proves A Hot Topic At Sloan Analytics Conference
    • One day before the subject of sports betting got its own panel at the MIT Sloan Sports Analytics Conference in Boston, it was already driving the conversation. NFL COO Maryann Turcke declared at the very first panel of the day on Friday, ostensibly about building data-driven organizations, that sports betting will “change everything” in terms of the way fans consume and engage with sports.
  • Sports Handle, 3.5.19 – It Won’t Be Easy To Catch Sports Betting’s ‘Brass Rings’
    • As states across the country consider whether or not to legalize sports betting, the three most populous seem to have taken themselves out of the running, according to an Associated Press study. California, Florida and Texas have a combined population of nearly 90 million, about 30 percent of the U.S. population as a whole — and their residents have to go out of state or more likely, offshore via the web or to an illegal bookmaker to place a sports bet.