Industry News of the Day for March 9, 2023

By iDEA | March 9, 2023

Industry News

  • SBC Americas: Industry Reporters Cite FanDuel As Tops But Think Fanatics Could Upset Status Quo
    • According to a recent survey of reporters in the sports betting industry, all eyes are on Fanatics but the consensus king of the industry is FanDuel. Hot Paper Lantern (HPL) Digital Sport surveyed two dozen reporters in the US gaming space, including writers from SBC Americas, and asked their thoughts on the biggest stories of the year, what operators are doing things right, and what the industry needs to focus on as it grows.
  • Sports Handle: Colorado, Michigan Reportedly Considering Allowing Bets On Pro Wrestling
    • Pro wrestling is scripted. The winner and loser are predetermined. While the action is “real” in the ring, the results are, quite literally, fake. But that’s not stopping the WWE from reportedly sitting down with state gambling regulators in Michigan and Colorado in an attempt to let bettors wager on big matches.

Colorado

  • PlayColorado: $10.6M In Colorado Sports Betting Revenue Going To Water Plan
    • Colorado lawmakers recently put forward Senate Bill 23-177 to distribute funds to supporting grants going toward the state’s water plan. The state will aggregate funds as follows: $10.6 million from the water plan implementation cash fund fed by Colorado sports betting revenue and $2 million from the Colorado Water Conservation Board (CWCB)

Kentucky

  • PlayUSA: Sponsor Expects Kentucky Sports Betting House Passage Early Next Week
    • Kentucky sports betting legislation moved easily and unanimously through a House committee on Wednesday. Next step is the House floor, and Rep. Michael Meredith told PlayUSA that likely will come early next week. “I feel good about the floor vote,” Meredith added. Meredith needed only 20 minutes to get HB 551 an 20-0 vote in the House Licensing, Occupations & Administrative Regulations Committee.

Massachusetts

  • PlayMA: Exclusive: 51% Of Massachusetts Sports Fans Already Betting On Sports
    • A new PlayMA survey found that 51% of Massachusetts sports fans are already betting ahead of Friday’s launch of legal online sports betting. These bettors may be betting at the retail sportsbooks that have been live since Jan. 31. They may also be betting offshore, out of state, or with a bookie or friends. They may also consider daily fantasy sports as betting.
  • Legal Sports Report: Online MA Sports Betting Start Inches Closer, Betr Launch Delayed
    • Friday‘s launch of online MA sports betting crept closer to reality as regulators continued to tick boxes on various issues Wednesday. Not all the work got done, though, as a lengthy discussion on voided wagers pushed the approval of house rules back until Thursday. Perhaps the biggest news from the meeting was that Betr, the microbetting sportsbook backed by Jake Paul, will not be launching Friday as previously expected. That brings the number of Massachusetts sportsbooks likely launching in time for March Madness betting down to six.

New York

  • The New York Times: Times Square Casino Hopeful Retains NYC Mayor’s Ex-Chief Of Staff To Aid In Bid
    • As a candidate for mayor and since being elected, Eric Adams has appeared closely allied with New York City’s influential real estate industry. Major landlords have showered the mayor with donations. He has frequently met with real estate leaders and has used One Vanderbilt, one of the city’s newest skyscrapers, as a backdrop for photo ops and news conferences. And as a small-time landlord, Mr. Adams once declared, “I am real estate.”

North Carolina

  • NCSharp: New North Carolina Sports Betting Bill Looks A Lot Like Last Year’s
    • The North Carolina sports betting expected to be introduced soon is nearly identical to the bills that made their way through the process last year. There is one big difference, however, and it could be the reason it succeeds in 2023: there is only one bill instead of two. That should make legalizing sports betting in North Carolina a lot easier.

Ohio

  • PlayOhio: FanDuel, DraftKings Lead Ohio Online Sportsbook Promotional Spending In January
    • When sports betting in Ohio launched on Jan. 1, online sportsbooks offered an avalanche of tempting promotions to users in the state in an effort to attract new signups. With the recent release of Ohio’s sports betting revenue numbers for January, we now also know just how much money online sportsbooks spent on promotional expenses like bonus bets and deposit matches in Ohio’s first 31 days of legalized sports betting.

Texas

  • PlayTexas: Mavericks Owner Cuban Remains Silent On Texas Sports Betting Bills
    • Dallas Mavericks owner Mark Cuban is the lone Texas NBA owner to stay silent on current sports betting legislation filed in the Texas Legislature by state Sen. Lois Kolkhorst and state Rep. Jeff Leach. In the past two weeks, San Antonio Spurs owner Peter J. Holt and Houston Rockets owner Tilman Fertitta have endorsed legislation that would legalize Texas online sports betting.

West Virginia

  • PlayWV: West Virginia Sports Betting Numbers Dip In February
    • Retail sports betting in West Virginia came out on top in February, according to the latest report from the West Virginia Lottery. Nearly $40 million was bet through retail and online outlets on sports in West Virginia during the second month of 2023. The state collected close to $2.8 million in tax dollars.
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