Industry News of the Day for May 11, 2022

iDEA Growth Member News

  • Yahoo Finance, 5.10.22 – Sports betting seeing ‘zero impact’ from inflation, DraftKings CEO says
    • While rising inflation rates have impacted a wide range of businesses from food and beverage brands to travel, DraftKings (DKNG) CEO Jason Robins told Yahoo Finance that the buzzword excuse for rising prices and cost cutting hasn’t impacted the sports betting industry.
  • Sports Handle, 5.11.22 – Gambless Brings Responsible Gambling Into The App Age
    • Gambless, which was a finalist for the annual Ifrah Pitch Competition (named after Jeff) at last month’s EGR North America East Coast Briefing in New York City, aims to provide an array of therapeutic tools to people who need — or think they might need — help with a gambling problem. The app includes diagnostic and risk-assessment tests to gauge how advanced a gambler’s problem might be, classes (free to those with serious issues) and articles on an array of gambling-related topics, coping exercises, an online diary, an AI-powered chatbot, and information about related conditions like depression and anxiety — all sourced from psychologists.
  • Legal Sports Report, 5.11.22 – Does Anyone Want $20 Million Online Illinois Sports Betting Licenses?
    • The Illinois Gaming Board (IGB) announced Thursday that only one operator had been approved for an IL sports betting license from four bidders.

Industry News

Sports League News



  • Sports Handle, 5.11.22 – Maryland Sports Betting Handle Slips To Nearly $27 Million For April
    • Gross gaming revenue (GGR) totaled more than $2.8 million, as the 10.6% win rate marked the fourth time in five months of sports wagering that the statewide hold was 10% or better. With slightly more than $65,000 in promotional deductions, the state collected $415,801 in tax receipts for April, lifting the overall total since launch above $2 million.