Industry News of the Day for May 17, 2022

By iDEA | May 17, 2022

Member News

  • Sports Handle, 5.16.22 – Kansas’ Boot Hill Casino Announces Deals With Bally’s And DraftKings
    • On Monday, Kansas‘ Boot Hill Casino became the first in the state to announce sports betting partnerships. According to the press release from Butler National Corp., owner of the Boot Hill Casino, Bally’s and DraftKings will both partner with the casino to offer digital wagering in Kansas, where sports betting was legalized less than a week ago. To that end, the company plans to open retail sportsbooks “as early as this fall” and was seeking digital partners that would offer a “safe, seamless, and premium sports betting experience.”

Sports League News

  • NJ Online Gambling, 5.16.22 – LPGA Comes To Gambling-Happy New Jersey — But Ignores Sports Betting
    • The LPGA Tour held its latest event, this weekend’s Cognizant Founders Cup, in New Jersey, the state with the biggest legal sports betting handle in the U.S. since Nevada lost its monopoly on the activity with a Supreme Court ruling in 2018. But during a visit Saturday to the golf tournament at Upper Montclair Country Club in Clifton — only about a dozen miles west of Manhattan, where mobile betting became legal in January, propelling New York to take over as the nation’s highest volume state in monthly handle — on the fourth anniversary of the landmark court ruling, there seemed to be no evidence on the course whatsoever that such wagering is legal.

Iowa

  • Play IA, 5.16.22 – What Are Iowa Neighbors Up To? A State-By-State Gambling Update
    • Legislative sessions around the region are primed to recess for the year. That makes it a good time to check in with a gambling update. Iowa celebrated a three-year anniversary on Friday. May 13 marked the date in 2019 when Gov. Kim Reynolds signed the bill to legalize sports betting in Iowa. But, as of now, no one brought a cake to the party. HF 2497 would have expanded betting options but it is still on the legislative calendar as “unfinished business.”

Nevada

New Jersey

  • Legal Sports Report, 5.16.22 – NJ Sports Betting Handle Still Growing Strong Despite NY Launch
    • The NJ sports betting market has not stopped growing while facing the launch of mobile NY sportsbooks earlier this year. Handle at New Jersey sportsbooks was $926.9 million in April, which is 23.9% higher than last year. That figure was down 17.3% month-over-month, though that reflects the slower US sports betting calendar.
  • Play NJ, 5.16.22 – Sports Betting Slows In April, But Still Tops $925 Million
    • Wagering at New Jersey’s online and retail sportsbooks slowed in April to $927 million, marking the first month of an expected seasonal ebb in sports betting. But year-over-year gains in sports betting remained high while online casinos continued their momentum in April, a sign that the digital industry continues to fare well despite economic headwinds that are beginning to affect brick-and-mortar casinos, according to PlayNJ, which tracks gaming developments in the state.
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