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Industry News of the Day for May 1, 2019

Industry News of the Day for May 1, 2019

Tennessee:

  • Nashville Tennessean, 4.30.19 – Tennessee Governor To Allow Sports Betting To Become Law Without Signature
    • Despite being opposed to the legalization of gambling, Gov. Bill Lee says he will allow a Tennessee sports betting bill to become law without his signature. After a vote of approval last week in the House of Representatives, the Senate on Tuesday passed legislation that would permit online sports gambling beginning July 1, while continuing to prohibit the practice at brick-and-mortar locations.
  • Legal Sports Report, 5.1.19 – Tennessee Legislature Votes Yes On Sports Betting; Bill Heads To Governor
    • Lawmakers in Tennessee have sent a bill to legalize online sports betting to the governor. The Senate heard S 16 on Tuesday morning, adopting and amending the House substitute (H 1) and voting 20-12 in favor of passage. The House passed the previous language by a 58-37 vote last week and promptly concurred with the Senate changes.
  • Daily Memphian, 4.30.19 – Online Sports Betting Hits Legislature’s Jackpot
    • Legislation setting up an online gambling sports network in Tennessee passed the Senate on Tuesday, potentially bringing in $50 million in wagering revenue annually, a measure that will become law without the governor’s signature.
  • Sports Handle, 4.30.19 – Tennessee Legal Sports Betting Bill Passes, Governor Will Let It Become Law
    • The Tennessee General Assembly on Tuesday became the first to pass interactive-only sports betting legislation when the Senate approved HB 1 (a substitute for SB 16), 19-12, just six days after the House passed it, 58-37. The bill would allow sports betting over the internet and via mobile apps, meaning consumers could bet from their phones or computers anywhere in the state, and that there will be no physical sports betting locations in the state.
  • ESPN, 4.30.19 – Tennessee Allows Mobile, Interactive Sports Bets
    • Tennessee Gov. Bill Lee’s office says he’ll let legislation to allow sports betting become law without his signature. Lee spokeswoman Laine Arnold said the Republican doesn’t believe gambling expansion is best but recognizes that many lawmakers want to explore it.
  • US Bets, 4.30.19 – Tennessee Senate Passes Historic Mobile-Only Sports Betting Bill, Heading To Governor Soon
    • On Tuesday morning, the state of Tennessee took a major step forward toward sports betting, with the Senate passage of a historic piece of legislation. The House passed its bill last week. The legislation cleared the Senate by a 19-12 vote. The House passed it 58-37.
  • AP, 4.30.19 – Tennessee Governor To Allow Sports Betting Without Signature
    • Tennessee Gov. Bill Lee plans to let legislation to allow sports betting become law without his signature, putting a state that has largely shied from expanding gambling in position to become the first to offer an online-only sportsbook.

Louisiana:

  • Legal Sports Report, 4.30.19 – No Interference As State Senate Easily Passes Louisiana Sports Betting Bill
    • State legislators took the first major step Tuesday toward sending Louisiana sports betting to the ballot this year. The Louisiana Senate approved SB 153, a relatively limited sports betting bill restricting wagering to casinos and racetracks, on a 24-15 vote.
  • WVUE, 4.30.19 – Sports Betting Bill Approved By Louisiana Senate, Now Moves To The House
    • Sports betting is a step closer to becoming legal in Louisiana. The State Senate approved a bill that would allow bets at Louisiana casinos and race tracks. Senator Danny Martiny argues his sports betting bill will allow Louisiana to compete on an even playing field with Mississippi.
  • Sports Handle, 5.1.19 – Louisiana Senate Passes Sports Betting Without Statewide Mobile Wagering
    • Louisiana Senator Danny Martiny (R-District 10) has already gotten further on sports betting this session than he did last. On Tuesday, the Senate passed his SB 153, 24-15. The bill would legalize sports betting at brick-and-mortar locations with a very limited mobile component, should voters agree in a parish-by-parish referendum in the fall.
  • AP, 4.30.19 – Louisiana Senate Backs Sports Betting Legalization Bill
    • Louisiana senators agreed Tuesday to legalize sports betting within the footprint of the state’s casinos and racetracks, with the bill’s sponsor arguing that gamblers already are making the wagers but without the state benefiting from the activity.
  • The Times-Picayune, 4.30.19 – Louisiana Senate Approves Sports Betting
    • The Louisiana Senate voted 24-15 to permit sports betting Tuesday (April 30), potentially opening the door to the largest expansion of gambling the state has seen since the early 1990s. The legislation now heads to the Louisiana House for consideration, where it is expected to face more pushback from conservative Christian legislators running for reelection this year.

Ohio:

  • US Bets, 4.30.19 – Ohio Sports Betting Bills No Longer Clash On Mobile Platforms
    • Ohio is very, very unlikely to legalize sports betting this year, but a major rift between the two sports betting bills on the table has been resolved. In mid-March, the Ohio Senate saw the introduction of the state’s first ever full-fledged sports betting bill. It calls for mobile sports wagering statewide.

Mississippi:

  • AP, 4.30.19 – Mississippi Casinos Win More As Sports Betting Boost Extends
    • Casinos on the Mississippi Gulf Coast won the second-highest monthly amount ever in March, boosted by betting on the NCAA basketball tournament. Although casinos in other parts of Mississippi remain beset by increasing competition, they too have been showing strength since the advent of sports betting.

Nevada:

  • US Bets, 4.30.19 – 2019 Is Shaping Up To Be A Great Year For Nevada Poker Rooms
    • Three months into 2019, it appears Nevada’s poker industry is on pace to post one of its best years in recent memory. As USPoker detailed last month, the trend is likely due to poker rooms becoming far more efficient. March 2019 saw poker revenues climb for the third consecutive month, and all three gains have been significant.

iDEA Growth Member News:

  • Sports Handle, 4.30.19 – FanDuel Becomes First U.S. Operator To Offer Live Odds Alongside Streaming Broadcasts (Sportradar)
    • FanDuel Group announced an expanded partnership with Sportradar AG Tuesday under which the company will become the first U.S. sports betting operator to offer live betting odds alongside streaming broadcasts. The content will be offered on FanDuel’s website and mobile betting app via Sportradar’s Live Channel Online platform.

Overall Industry News:

  • AP, 4.30.19 – Horse Racing Weighs Changes To Compete With Sports Gambling
    • When Animal Kingdom romped to victory in the 2011 Kentucky Derby, he did so at odds of 21-1. Anyone who bet on the horse when the initial morning line was set did so when Animal Kingdom was 30-1. Except they didn’t get those odds.