Industry News of the Day for May 16, 2022
iDEA Growth Member News
- Business Wire, 5.16.22 – Paysafe launches unified payments partnership with Strive Gaming
- Paysafe (NYSE: PSFE), a leading specialized payments platform, today announced a new partnership with Strive Gaming, an advanced player account management (PAM) platform designed for the multi-state requirements of online operators in the North American market.
- Zak Cutler, CEO of North America iGaming at Paysafe, said: “We’re proud to support Strive Gaming’s core mission of bringing operators closer to their customers through our leading payment solutions. We look forward to evolving our partnership with Strive Gaming to support North American iGaming operators’ growth in new and existing markets.”
Industry News
- Sports Handle, 5.13.22 – Sportsbook Launch Roundup: Midwestern States Enhance Retail Offerings
- SI Sportsbook planned to enter the Virginia market by the end of April, but a few short delays pushed the mobile sportsbook’s launch to early May. On Monday, SI Sportsbook launched in Virginia.
- Play USA, 5.13.22 – New Gambless App Aims To Become Helpful Resource For Problem Gamblers
- The Gambless app wants to remove the stigma and put the tools in the palm of your hand. Billed as the world’s first mobile app that provides a holistic approach to mental health for problem gamblers, Gambless is available on the Apple App Store and Google Play.
Sports League News
- Play Indiana, 5.14.22 – Caesars Becomes Official Sportsbook Partner Of The Indy 500
- Caesars is now the official sports betting partner of the Indy 500. The Greatest Spectacle in Racing isn’t until May 29, but this deal gets the company’s foot in the door for wagering on the big race. The Indy 500 is one of the biggest Indiana sports betting events of the year. That has Caesars looking to cover the bases in advance.
- Play USA, 5.16.22 – Caesars Is Off To The Races With Indianapolis Motor Speedway Sponsorship
- While Caesars already operated casinos in Indiana and has been taking bets on sporting events online in the state for a while as well, it has risen to a new level of visibility not just with Indianans but with motorsports fans across the globe. That’s all thanks to a new Caesars-Indianapolis Motor Speedway partnership.
California
- Yogonet, 5.13.22 – California’s online sports betting ballot initiative adds new opponents, faces signatures’ raw totals deadline
- On Thursday, California’s statewide business leaders and small business advocates voiced “strong opposition” to a ballot initiative that would legalize online and mobile sports gambling in California, backed and funded by major online gambling operators DraftKings, BetMGM, FanDuel, Bally’s Interactive, WynnBET, among others. It has recently gathered enough signatures to become the second sports betting legalization proposal in November’s elections, and they have until today to submit their raw totals to Secretary of State Shirley Weber.
Missouri
- iGB North America, 5.16.22 – Missouri legislative session ends without legal sports betting
- A bill that would permit sports wagering in Missouri made progress in the state House last week, but the legislative session ended before it could be passed to become law.
New Jersey
- Play USA, 5.16.22 – PlayStar Casino Will Feature Evolution Games At Launch In New Jersey
- Though the big question of when PlayStar Casino New Jersey will be available remains unanswered, anticipant New Jerseyans now have a little more information as to what the online casino will offer when that day comes. A new deal with Evolution provides that info.
Ohio
- Play Ohio, 5.13.22 – Ohio Casinos and Racinos Post $215.6M Revenue in April
- Ohio’s gambling operators continued their recent momentum in April, posting a strong $215.6 million in combined casino revenue according to reports released by the Ohio Casino Control Commission and the Ohio Lottery.
- Play Ohio, 5.16.22 – How Will Ohio Spend Its Sports Betting Tax Revenue?
- With legal sports betting in Ohio on the horizon, legislators are narrowing in on how the state will utilize an influx of new revenue. Ohio’s sports betting law designates 98% of tax revenue to a fund for schools. However, it’s unclear how the state will spend that money in the future.