Industry News of the Day for May 18, 2023

By iDEA | May 18, 2023

iDEA Growth Member News

  • PlayUSA: iDEA Publishes New Responsible Advertising Code For Online Gambling
    • As the online gambling industry in the United States continues to grow, responsibility has to play a major role in that growth. A trade association for US online gambling companies and their suppliers, the iDevelopment and Economic Association or iDEA, has formalized a set of guidelines for its members to use in formulating their marketing of gaming products.
  • Legal Sports Report: DraftKings CEO: Parlays ‘Win-Win’ For Customers, Company
    • Adding more options for parlays is a “win-win” for both DraftKings and its customers, CEO Jason Robins said. Robins made the comments Tuesday at MoffetNathanson’s Inaugural Technology, Media and Telecom Conference. “It’s a great example of a win-win for the customer and the business.” Robins said of parlays.

District of Columbia

  • Sports Handle: D.C. Budget Moves Forward Without Problem Gambling Funding
    • The Washington D.C. Council debated the FY 2024 budget on Tuesday, and while multiple council members had concerns about where funds were being distributed, the proposed removal of problem gambling funding was not a discussion point.  At the end of the afternoon, the D.C. Council issued an initial vote of approval for the budget, which removes $200,000 in annual funding for problem gambling generated by sports betting revenue.

Kentucky

  • PlayKentucky: Churchill Downs CEO Expects KY Sportsbooks ‘Around Football Season’
    • Churchill Downs Inc. CEO Bill Carstanjen expects Kentucky sports betting to be live “around football season.” He said so during a Wednesday presentation with the Association for Corporate Growth, according to Chris Otts of WDRB. Carstanjen’s comments echo the sentiments shared by Gov. Andy Beshear, various state lawmakers and Kentucky Horse Racing Commission Chairman Jonathan Rabinowitz.

Maine

Massachusetts

  • PlayMA: Fanatics Sportsbook Granted MA Operations Certificate, To Launch ‘Late May’
    • The Massachusetts Gaming Commission voted unanimously Tuesday to approve a certificate of operations for Fanatics Sportsbook. Fanatics told the MGC it expects to launch in Massachusetts “in late May,” said Bruce Band, the Director of Sports Wagering for the MGC. Fanatics will be the eighth online sportsbook to enter the Massachusetts sports betting market.
  • SBC Americas: MA Regulators Debate New Reg Limiting Sports Betting Logo Use
    • TheGreen Monster has opened a big can of worms for sports betting operators and the Massachusetts Gaming Commission (MGC). At a previous meeting, the commissioners discussed the presence of BetMGM branding on the iconic left field wall and then on Tuesday discussed a new regulation that would potentially require even a logo of a sports betting brand to include language that the business is only open to those over the age of 21.

Michigan

  • PlayMichigan: Online Sports Betting Declining In Michigan, But FanDuel Still Surging
    • April marked another month of sharp decline for Michigan sports betting. Michigan online sportsbooks and Detroit’s three retail casinos reported a combined $338.1 million in sports bets during the month, a drop of $57 million from a year ago. While retail sports betting has been on the decline for the past year, online sports betting in Michigan is now showing a collective decline as well.

New Jersey 

  • PlayNJ: Second-Best Month Ever Sends NJ Online Casinos Over $6 Billion Mark In Lifetime Revenue
    • The New Jersey online casino market shows no signs of slowing down as it inches closer to a 10-year milestone later this year. Including numbers from April, NJ online casinos have now eclipsed $6 billion in lifetime revenue. Online casinos in New Jersey generated just under $158.9 million in April, according to data released Tuesday by the state Division of Gaming Enforcement.

North Carolina

  • NCSharp: Sports Betting Bill Movement Expected In Next Two Weeks
    • After a nearly two-month wait in the state Senate, sources indicate North Carolina’s online sports betting bill, House Bill 347, should start moving in the next two weeks. The prolonged holding period came primarily because of the crossover deadline that required the upper chamber to advance any legislation originating there to the House before considering bills that had already crossed from the House to the Senate.

Pennsylvania

  • PlayPennsylvania: PA Online Casino April Revenue Tops $167.2 Million For 5th Consecutive Strong Month
    • Though Pennsylvania online casino revenue is down from last month, players in the state are still churning massive numbers. Online casino operators in PA recorded $167.2 million in April revenue. The Keystone State fell short of breaking another US online casino record after last month’s $181.5 million revenue total. This is the fifth straight month PA online casinos have recorded north of $160 million in revenue.

Rhode Island

  • Gaming Today: Rhode Island iGaming Bill Faces Familiar Opposition in 2023
    • To put on the ballot or not put on the ballot? That is a question Rhode Islanders heard five years ago when the state legalized sports betting through a state lottery app. Now the question is back with iGaming legislation at stake. State lawmakers who want to legalize iGaming this legislative session appear to think no ballot question is necessary.

Texas

  • PlayUSA: Texas Casino Legislation Fails Despite Strong Support In House
    • Texas casino legislation made significant progress this session showing broad, bipartisan support in the House. Rep. Charlie Geren’s HJR 155 cleared second reading with a 92-51-2 vote. And Rep. John Kuempel’s HB 2843 passed on second reading 63-49. But changing the constitution requires a two-thirds vote by each chamber followed by approval of voters in a ballot referendum.
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