Industry News of the Day for May 14, 2019
- Legal Sports Report, 5.14.19 – One Year After PASPA Repeal, Sports Betting Legislation Appears In More Than 75% Of US
- The decade-long legal challenge to overturn the Professional and Amateur Sports Protection Act (PASPA) was a one-state fight, but other states stood ready to enter US sports betting when the Supreme Court accepted the case.
- Legal Sports Report, 5.14.19 – US Sports Betting Timeline: From PASPA To Today
- The Professional and Amateur Sports Protection Act stopped the legalization of sports betting in much of the United States upon its passage in 1992. It stayed that way for more than 25 years. But that law came off the books in May 2018, when the US Supreme Court deemed it unconstitutional. Here’s a brief look at the history of the sports betting ban, the federal court cases against it, and what has happened
- US Bets, 5.14.19 – Supreme Court Sports Betting Ruling, One Year Later: How The Impossible Came To Be
- In the introduction to his new book, “Beating the Odds: The Epic Battle That Brought Legal Sports Betting Across America, former New Jersey state Senator Ray Lesniak says if bookmakers had placed odds on his quest at its origins a decade ago, it would have been “in the neighborhood of 2000 to 1.”
- Legal Sports Report, 5.13.19 – Sports Betting Legislative Lasso: Who’s On Deck After Montana, Indiana?
- Good day, folks, and welcome to another presumably busy week of legal, regulated sports betting expansion. Lawmakers in the US are mostly done introducing new bills for the year, but they’re not done passing them yet. For the second consecutive week, the number of states with a law on the books increased by one.
- Yahoo Finance, 5.12.19 – Sports Betting Comes To More and More States — And Mobile Is Key
- In a show of how Americans are increasingly able to bet legally on sports, a big Heartland state became the second this year and the 10th overall to legalize sports betting. And two companies announced the biggest media investment yet in sports betting.
- Des Moines Register, 5.13.19 – Kim Reynolds Signs Sports Betting And Fantasy Sports Bill Into Law In Iowa
- Placing a bet on your favorite sports team is officially legal after Gov. Kim Reynolds signed legislation Monday allowing gambling on college and professional sports in Iowa.
- Sioux City Journal, 5.13.19 – Iowa Governor Kim Reynolds Clears Way For Sports Betting To Begin At Hard Rock Sioux City
- The Hard Rock Hotel & Casino Sioux City and other casinos in Iowa can start taking legal wagers on college and professional sports, starting this summer, under legislation signed Monday by Gov. Kim Reynolds.
- AP, 5.13.19 – Governor Reynolds Signs Law Legalizing Sports Betting In Iowa
- Kim Reynolds has signed a bill into law that establishes a legal way to bet on professional, collegiate and international sporting events. It also legalizes fantasy sports contests and internet fantasy sports betting but delays betting based on college sporting event statistics until May 2020.
- Legal Sports Report, 5.13.19 – Is This Heaven? Governor Signs Iowa Sports Betting Into Law
- With the stroke of the governor’s pen, Iowa sports betting emerged Monday from the cornfields. Gov. Kim Reynolds signed SF 617 into law after weeks of deliberation, making Iowa the third state to approve legal sports betting in 2019. Montana and Indiana enacted the first two laws.
- Sports Handle, 5.13.19 – It’s Official: Iowa Becomes Latest State To Legalize Sports Betting
- The state of Iowa has joined the ranks of states to legalize sports betting. On Monday, Iowa Gov. Kim Reynolds put her signature on a sports betting bill that cleared the legislature last month. Reynolds took about a week to sign the bill after it was delivered to her desk on May 6.
- The Buffalo News, 5.13.19 – Cuomo Official: Online Sports Betting Legislation Under Review
- The Cuomo administration is not officially declaring dead – not yet anyway – a new legislative effort at the Capitol to legalize mobile sports betting in New York.
- Legal Sports Report, 5.13.19 – Senate Committee Moves Ball Down The Field On NY Sports Betting
- Mobile NY sports betting took a small bite from the Big Apple on Monday. The New York Senate Racing, Gaming and Wagering Committee advanced sports betting bill S 17 through the committee on a unanimous vote. The bill advances to the Senate Finance Committee.
- SBC Americas, 5.13.19 – Three NFL Teams Speak Out At New York Sports Betting Senate Hearing
- Three teams from the National Football League (NFL) have spoken out about their views towards legal sports betting on behalf of the league, urging state policy makers to allow the leagues to cut certain wagering types.
- Spectrum Local News, 5.13.19 – State Senate Panel Advances Sports Gambling Bill
- A bill that would expand sports gambling options in New York cleared a Senate committee on Monday, but the bill’s sponsor expects changes to the legislation before it’s signed into law.
- US Bets, 5.13.19 – New York Senate Committee Advances Online Sports Betting Bill
- On Monday, a New York Senate committee voted in favor of advancing an online/mobile sports betting bill. The Senate Racing, Gaming, and Wagering Committee, chaired by the sponsor of the legislation, NYS Sen. Joseph Addabbo, a Democrat, voted to send the legislation to the Senate Finance Committee.
- Sports Handle, 5.13.19 – Casino Bill Killed In Favor of Sports Betting In New Hampshire
- New Hampshire lawmakers last week killed one gaming bill to save another. With the blessing of its sponsor, the House 86’d casino bill SB 310, 289-63, which basically clears a path for sports betting bill HB 480 to get approval. The bill passed the House 269-82 in mid-March, and late last week passed out of the Senate Ways and Means Committee, 5-0, with an “Ought Pass” recommendation. It could be up for a vote by the full Senate as early as Wednesday.
- The Morning Call, 5.14.19 – Analyst: Pennsylvania’s Online Sports Betting Market Could Become The Nation’s Biggest
- Pennsylvania’s online sports books will open soon, bringing with them a projected betting surge that could make the commonwealth the nation’s most lucrative digital market, analysts predict. Online sports betting will be available in Pennsylvania “imminently,” according to the Pennsylvania Gaming Control Board, with casino testing scheduled to begin in the next few weeks.
- WCIA, 5.13.19 – Sports Gambling Negotiations Advance In Statehouse
- House Democrats Bob Rita (D-Chicago) and Mike Zalewski (D-Chicago) joined Capitol Connection to discuss the latest developments in the effort to legalize sports betting and to expand video gaming in the state.
- Legal Sports Report, 5.13.19 – Support For Michigan Online Gambling Hinges On Taxes, School Funding
- A recent committee hearing in Michigan made it clear that the new governor has the same issues with expanded gambling as the old one. Rep. Brandt Iden told Online Poker Report that he is working on two changes to his package of online gambling bills that he hopes will quell the concerns of the administration.
- Knoxville News Sentinel, 5.13.19 – What Legal Online Sports Betting In Tennessee Means For College And Pro Teams
- Tennessee Titans center Ben Jones figures that sometime next season, teammate Ryan Succop will make fans some money. He’ll convert a field goal that will result in a gambler winning a wager. Succop doesn’t know about all that, but he expects legal online sports betting in Tennessee to ratchet up interest in football.
- Sports Handle, 5.14.19 – Veto Override A Possibility For Second Montana Sports Betting Bill
- After 87 legislative days that ended April 20, Montana Senator Mark Blasdel is back to his everyday life as a caterer. But he’ll have to interrupt serving up canapes to do just a little bit more lobbying.
- Play Pennsylvania, 5.13.19 – DOJ Continues To Dodge Questions About Wire Act Opinion
- On Tuesday, New Jersey’s Attorney General filed a lawsuit against the US Department of Justice. Previously, on Feb. 5, NJ Attorney General Gurbir S. Grewal filed a Freedom of Information Act request to the DOJ to determine links between Sands’ casino magnate, Sheldon Adelson and the recent changes of DOJ’s Wire Act interpretation.
iDEA Growth Member News:
- Legal Sports Report, 5.13.19 – A Handful Of Thoughts On Fox Bet’s Potential Impact Within Legal Sports Betting (The Stars Group)
- Last week’s cycle of sports betting headlines featured one of the biggest pieces of news the industry has seen in quite some time. By now you’ve probably heard that Fox Sports announced its entry into the gambling business via a landmark deal with The Stars Group. The duo plans to offer both a free contest and real-money sports betting in eligible states via a new Fox Bet platform.
Overall Industry News:
- Reuters, 5.14.19 – S. Casinos Pledge Responsible Marketing Rules For Sports Betting
- S. casinos on Tuesday agreed to a code of conduct for responsible marketing of sports betting, a year after a pivotal court ruling paved the way for a new country-wide legal sports wagering market.
- Sports Business Daily, 5.14.19 – New Code For Sportsbooks Includes No Campus Ads
- Leading sportsbooks including MGM Resorts, William Hill, DraftKings and FanDuel have agreed not to advertise sports betting on college campuses and will tag their ads with responsible gaming messages as part of a sports wagering marketing code announced today by the American Gaming Association. The announcement comes on the first anniversary of the U.S. Supreme Court decision that opened the door for states to authorize and regulate sports betting.
- Washington Post, 5.14.19 – Gambling Advocacy Group Introduces ‘Responsible Marketing’ Standards For Sports Betting Ads
- Unlike in the UK, where sports betting has long been legal, sports gambling in the United States was only recently legalized on a nationwide scale when the Supreme Court last year struck down the federal law that limited the practice.
- AGA, 5.14.19 – One Year Post-PASPA, American Gaming Association Establishes Responsible Marketing Code For Sports Wagering
- The American Gaming Association (AGA) today released a new set of self-regulations on advertising and marketing legal sports betting. The new “Responsible Marketing Code for Sports Wagering” was released on the one-year anniversary of the Supreme Court striking down the Professional and Amateur Sports Protection Act (PASPA).
- Gambling Compliance, 5.13.19 – US Sports Betting Market To Hit $5.7B By 2024
- Twelve month on from the US Supreme Court’s historic ruling on sports betting, updated forecasts from GamblingCompliance project the US market for lawful sports wagering will grow to $5.7bn in annual revenue and spread to 34 states by 2024.
- ESPN, 5.14.19 – ESPN, Caesars Partner For Sports Betting Content
- ESPN has announced a wide-ranging deal with Caesars Entertainment that includes the addition of a new ESPN-branded studio at the LINQ Hotel & Casino in Las Vegas, where sports-betting-themed content will be created, along with segments for Daily Wager, ESPN’s recently launched sports-betting-related show.
- Bloomberg, 5.14.19 – ESPN Teams Up With Caesars To Develop Shows For Sports Betting
- ESPN is partnering with casino owner Caesars Entertainment Corp. to develop TV programming for sports-betting fans, the latest move by the broadcaster to embrace the fast-growing industry. As part of the deal, Caesars will have its odds data and branding integrated with ESPN programs, allowing the Las Vegas-based casino operator to capitalize on the Walt Disney Co.-owned network’s massive sports audience.
- Motley Fool, 5.13.19 – A Foolish Take: Online, Watching Gaming Content Is Catching Up to Traditional Sports
- Watching other people play video games was once a niche pastime, but it has evolved into the massive esports market in recent years. A recent Limelight Networks survey (via eMarketer Opens a New Window. ) found that American adults who play video games at least once a week spend nearly as much time online watching gaming content as they do watching traditional sports.
- Online Poker Report, 5.13.19 – A New Payment Solution For US Online Gambling: Mazooma Unveils ‘Gateway’
- Like most high-profile gaming conferences, ICE North America is expected to produce its fair share of soundbytes and breaking news. Before the showroom doors are flung open on Tuesday, and before the first word is uttered during one of the education sessions, there is already some news to break.
- CNBC, 5.13.19 – Bleacher Report Going All In On Sports Gambling
- Sports gambling is about to get a big boost from the Bleacher. A year after the Supreme Court paved the way for states to allow betting on sports, traditional media companies have tried to integrate odds and other gambling content. One youth-focused company in particular is going after this space: Bleacher Report.