Industry News of the Day for May 18, 2020
iDEA Growth Member News:
- Gambling Compliance, 5.18.20 – DraftKings Expecting No Long-Term Impact From Coronavirus (subscription paywall)
- As the newly public DraftKings continues to attract interest from investors, CEO Jason Robbins said Friday during the company’s first quarterly earnings call that the effects of the coronavirus pandemic are not expected to have an impact on future growth.
- CNBC, 5.15.20 – DraftKings CEO Says Esports Betting Shows A ‘Pent-Up Demand’ For Sports
- Sports bettors turned to video games after sporting events across the spectrum were canceled due to the coronavirus pandemic, DraftKings CEO Jason Robins told CNBC’s Jim Cramer Friday.
- Sports Handle, 5.15.20 – Get A Grip: On The Death Of PASPA Two Years Later, Sports Betting And Sports Things
- Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top legal U.S. sports betting stories, highlighting some fresh news and rounding up key stories.
- PlayUSA, 5.15.20 – A Look Back On How US Sports Betting Became Legal, Two Years Later
- The federal ban on sports betting in the United States was struck down on May 14, 2018. This is a look back at how that day arrived in the US from a member of the sports betting industry.
Overall Industry News:
- Online Poker Report, 5.15.20 – William Hill To Launch US Online Casino To Mitigate Thin Sports Calendar
- William Hill has revealed its plans to launch a US online casino during the second half of the year.
- PlayUSA, 5.15.20 – Las Vegas Casinos And Others Could Reopen Soon – But What Will It Be Like?
- When will Vegas casino doors open? Will all casinos across the country have similar guidelines? These types of specifics are still being sorted out across the US.
- Gambling Compliance, 5.18.20 – Top New Jersey Regulator Calls Internet Gambling Foes Hypocrites (subscription paywall)
- With New Jersey’s ascension to the world’s third largest licensed online casino market, the state’s chief gaming regulator on Friday lambasted online gaming opponents.
- NJ Online Gambling, 5.18.20 – NJ Gambling Czar Offers Lessons On His State’s Online Success
- After a month in which New Jersey online casino and mobile sports betting operators generated $82.6 million in spite of the worldwide COVID-19 pandemic — while operators in most other states collected nothing, or very close to it — the state’s top regulator resisted any temptation Friday for an “I told you so” moment.
- NJ Online Gambling, 5.15.20 – New Jersey Celebrates Second Anniversary Of Historic Sports Betting Ruling By Supreme Court
- Several U.S. legal gambling expansion advocates gathered on a conference call Thursday to celebrate the second anniversary of the U.S. Supreme Court’s landmark decision to invalidate a 1992 federal law that had banned a wide swath of sports betting in every state outside of Nevada.
- PlayPennsylvania, 5.15.20 – When Will Horse Tracks Reopen In PA, Border States, And Beyond?
- Horse racing never completely stopped even as COVID-19 peaked across the US and around the globe. But racing shut down in Pennsylvania on March 16 and remains closed despite racing elsewhere.
- Online Poker Report, 5.15.20 – Don’t Disregard Delaware; April Online Gambling Revenue Soars In Smallest US Market
- While most aspects of the national economy struggle under the shutdown orders brought about by COVID-19, online gaming is flourishing like never before.
- CBS New York, 5.17.20 – Sen. Joseph Addabbo Wants Mobile Sports Betting In New York By 2021
- New York State Sen. Joe Addabbo is hoping to inspire the governor to sign a mobile betting bill into law by the end of the year.
- CBS New York, 5.17.20 – Web Extra: St. Sen. Joseph Addabbo On Push To Pass Online Sports Betting In NY
- New York State Senator Joseph Addabbo, Jr. spoke with CBS2’s Steve Overmyer about Addabbo’s push to pass a bill to allow online sports betting in the state.
- Baltimore Business Journal, 5.15.20 – The Oddity Of This November’s Sports Gambling Referendum In Md.
- Marylanders will be voting more so on the idea of sports betting than an actual policy framework this November.
- PlayWV, 5.15.20 – A Look At Major Sports And The Plans To Get On The Board At WV Sportsbooks
- West Virginia sportsbooks have obviously suffered during this unprecedented slow period. Sports betting revenue figures are at their lowest points in quite some time.
- NBC 25 News, 5.15.20 – Michigan Gaming Control Board Begins To Accept Online Gaming Supplier Licensing Forms
- The Michigan Gaming Control Board today began to accept online gaming supplier licensing forms.
- Des Moines Register, 5.15.20 – Iowa Must Allow Casinos To Adapt To Face New Challenges: It’s Time For Online Gaming
- Lawmakers in Iowa have an incredibly difficult challenge ahead of them, but any policy that protects jobs, enhances state tax revenue and curbs the spread of COVID-19 must be part of the conversation.
- WCPO, 5.18.20 – How The Pandemic Has Been A Surprise Boon For The Online Sports Betting Industry
- Indiana sportsbooks scored almost a billion dollars in the last six months — more than eight publicly traded Tri-State companies. Even during a pandemic, the industry posted surprising revenues.
- The Baltimore Sun, 5.15.20 – Louisiana Senate Approves 2 Sports Betting Bills
- In the midst of the coronavirus pandemic, the Louisiana Senate is still working on sports betting bills, pushing two through to the House over the past 24 hours.
- PlayUSA, 5.15.20 – How To Sign Up And Make Deposits At Las Vegas’ Temporary Curbside Sportsbooks
- Las Vegas drive-throughs are now a means for Nevada sportsbooks to infuse business into retail shops darkened by casino shutdowns forced by the COVID-19 pandemic and hindered by archaic regulations.