Industry News of the Day for May 10, 2024
Industry News
- PlayUSA: How 2024 Elections Could Shape Gambling’s Future
- While 2024 has been a dud for online casino legislation in the United States, the trip around the sun could still have a major impact on that arena going forward. That’s because 2024 is an election year not only on the federal level in the US but in many states. To wit, 78% of state-level legislative seats across the US are up for grabs in November 2024, along with 11 governorships. While many of those elections might not have apparent and significant consequences for the gaming industry in those states, many could bear substantial consequences.
- Gaming Today: Shattering NCAAW Basketball Records, Caitlin Clark Betting Effect Enters The WNBA
- Caitlin Clark: The name and likeness have become synonymous with women’s college basketball for many sports fans. Even her fiercest competitors celebrated her record-breaking season in 2023-24; her heart-emoji hands have become one of her most recognizable rallying cries. However, for bettors and oddsmakers, Clark’s presence on the court and in the media has catalyzed a tectonic shift in the sports gambling industry that only a superstar-caliber athlete could create.
- SBC Americas: DraftKings Acquires Sports IQ For An Undisclosed Fee
- DraftKings has agreed to acquire odds maker and player prop provider Sports IQ Analytics for an undisclosed fee. Sports IQ’s CEO Omer Dor confirmed the deal via a post on Linkedin, in which he said that his team is excited to open “a new chapter in the Sports IQ Analytics journey” and join an ambitious team at DraftKings.
Arkansas
- Legal Sports Report: Stakeholder Ready For Arkansas Online Casino Conversations
- Saracen Casino Resort is ready to begin Arkansas online casino discussions in hopes of eliminating unregulated operators in the state. Saracen Chief Marketing Officer Carlton Saffa sent a letter last month to the Arkansas Racing Commission to let the regulator know the company is ready to have discussions to legalize Arkansas online casino. Saffa told LSR Wednesday the letter was “simply a request to start a conversation that needs to occur on their timeline.”
Pennsylvania
- PlayPennsylvania: MLB-Leading Phillies Become America’s Sports Betting Baseball Team
- For the first time since 2011, the Philadelphia Phillies are the best team in baseball. The team is also soaring in popularity with sports bettors and that’s good for Pennsylvania. The Phillies have one of the deepest lineups in baseball, highlighted by one of the best pitching staffs in the MLB. And Pennsylvania online sportsbooks are benefiting heading into the summer when sports betting is usually at its lowest due to the absence of the NFL, NBA and NHL. While Philadelphia has taken the league by storm, betting on the Phillies in the state has been increasingly more popular.
Colorado
- PlayColorado: Colorado Sports Betting Handle Grows In March
- Colorado sports bettors continued to rally around the Denver Nuggets and their quest for a second straight NBA championship. The support was a blessing and a curse for Colorado sportsbooks in March. Sportsbooks in the Centennial State reported their ninth consecutive month with year-over-year gains in sports betting volume. The $593.1 million monthly handle was up 10% from $537 million in February and up 20% from $494.4 million in March 2023.