Industry News of the Day for March 7, 2023

By iDEA | March 7, 2023

Industry News

  • PlayUSA: General Population Sides With US Sports Betting Legalization
    • Without a doubt, the popularity of US sports betting has risen since the fall of the Professional and Amature Sports Protection Act (PASPA).  Since then, 33 states and the District of Columbia have introduced legal, regulated sports betting. But the rise in legal gambling brings bigger questions, such as whether betting should even be legal at all. But according to a new poll from Seton Hall, over half of the general population said sports gambling should, in fact, be legal. 
  • Business Insider: 9 Deals That Could Shape US Sports Betting In 2023
    • Sports-betting insiders say there’s pent-up demand for M&A in the industry after dealmaking slowed to crawl last year. Dealmakers are still trying to read the tea leaves on when the global economy will recover, but they’re cautiously reigniting talks — looking to the spring and second half of the year. This comes after the investor focus on profitability and challenging economic conditions kept some transactions from getting over the finish line in 2022.

Massachusetts

  • Legal Sports Report: Why MA Sports Betting Market Has Only 7 Operators At Launch
    • In the end, the Massachusetts Gaming Commission will not be overwhelmed by the number of online MA sports betting entrants into the legal marketplace – far from it, in fact. There will not be dozens of online Massachusetts sports betting operators launching at 10 a.m. ET March 10, as some earlier theorized. So how did the situation in the Commonwealth change?

Michigan

  • Michigan Sharp: Michigan Launches New Responsible Gaming Campaign for Problem Gambling Awareness Month
    • Coinciding with Problem Gambling Awareness Month, the State of Michigan announced a new responsible gaming campaign that will be featured on multiple media platforms across the Great Lakes State. The program, titled “Don’t Regret the Bet,” will promote responsible gaming and stress access to many forms of resources for Michiganders who may think they have trouble with wagering.

New York

  • SBC Americas: Thor Equities Offers Glimpse Of Coney Island Casino As NYC Bid Continues
    • A coalition of parties aiming to bring a land-based casino to Coney Island have released the first renderings of what the property would look like if it were to receive one of the three NYC casino licenses up for grabs.  The group, comprising Thor Equities, Saratoga Casino Holdings, The Chickasaw Nation and Legends, has revealed that the property will be called The Coney, and will be located down by the shores of the island.
  • PlayNY: Should State Legalize NY Online Casinos, Rush Street Would Have ‘Huge Advantage’
    • Despite beliefs that New York may not legalize online casinos until 2024, Rush Street Interactive remains excited about the potential for iGaming in the Empire State. Speaking during the company’s latest earnings call, Richard Schwartz, CEO of Rush Street, which owns BetRivers Sportsbook and powers the land-based operation at Rivers Casino & Resort Schenectady, noted that “the industry is aligned and in a way that I haven’t seen before…”

Ohio

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