Industry News of the Day for March 6, 2020

iDEA Growth in the News:

iDEA Growth Member News:

Industry News:

Overall Industry News:

Federal News:

  • Law360, 3.5.20 – State AGs Say Wire Act Appeal Threatens Lottery Revenue (subscription paywall)
    • Michigan’s attorney general and 16 states urged the First Circuit on Thursday to affirm a lower court decision vacating the government’s interpretation of the federal Wire Act that they say threatens billions of dollars in revenue from state-run lotteries.
  • NJ Online Gambling, 3.5.20 – New Jersey Sides With New Hampshire In Wire Act Legal Battle
    • Just in case the rather decisive U.S. District Court ruling that vacates a curious — and rather easily confused — Department of Justice interpretation of the Federal Wire Act of 1961 isn’t enough, New Jersey Attorney General Gurbir Grewal on Wednesday filed an amicus, or “friend of the court” brief, to the First Circuit Court of Appeals that added more reasons to the pile.
  • PlayPennsylvania, 3.5.20 – PA Lottery Wants Federal Judge To Reject DOJ Wire Act Reinterpretation
    • Pennsylvania officials are asking a federal judge for some clarity regarding online gambling in an ongoing court case.

Sports League News:

  • Legal Sports Report, 3.5.20 – How The NEW CBA Could Affect NFL Betting Revenue For Players, Owners
    • Players are voting today whether to accept a new collective bargaining agreement (CBA) for the next decade and NFL betting is in focus.
  • Gambling Compliance, 3.6.20 – NFL Players Set To Benefit From In-Stadium Sports Betting (subscription paywall)
    • National Football League (NFL) players will vote next Thursday whether to adopt a collective bargaining agreement (CBA) that would guarantee players up to 48 percent of revenues from potential in-stadium sportsbooks and other gambling revenues, including league sponsorships.

Connecticut:

Maryland:

Virginia:

  • Sports Handle, 3.5.20 – Virginia Lawmakers Come To Agreement On Sports Betting Bill
    • Sports Handle has learned that Virginia lawmakers have come to an agreement on what sports betting will look like in the state with plans to get a revamped bill onto the House and Senate floors within the next few days.

New Jersey:

Massachusetts:

New York:

  • Elite Sports NY, 3.5.20 – New York Sports Betting Gets Push From TV Ad Campaign
    • Mobile sports betting is getting a huge push right now. Although it’s not legal in the Empire State yet, a television ad campaign from Bet On NY is launching a series of advertisements to promote New York sports betting.

Michigan:

Indiana:

Florida:

Montana:

Nevada:

  • Gambling Compliance, 3.6.20 – Activist Investors Create Nevada Licensing Challenge (subscription paywall)
    • Carl Icahn buying into Caesars Entertainment, and Corvex Management and Starboard Fund purchasing shares of MGM Resorts International are examples of deals by activist investors that are becoming increasingly common in the gaming industry, Nevada’s top gaming regulator has said.
  • Las Vegas Review-Journal, 3.6.20 – MGM Launching BetMGM, Adding More Gaming Kiosks
    • MGM Resorts International is rolling out its new sports betting brand, BetMGM, in Nevada.

Washington: