Industry News of the Day for May 19, 2022

iDEA Growth Members in the News

  • Play Pennsylvania, 5.19.22 – Morgan Stanley Predicts The State of Sports Betting and Online Casinos in 2025
    • Morgan Stanley predicts the U.S. sports betting industry growing to $12.8 billion by 2025. Pennsylvania would account for $701 million in yearly gross gaming revenue with New York leading all states with $1.7 billion in revenue in 2025. It would represent a massive increase from $400 million in 2018 driven by widespread legalization. In 2021, sports betting revenue was $4.3 billion. FanDuel (30%) and DraftKings (23%) are expected to be market share leaders in 2025.

Industry News



  • Legal Sports Report, 5.19.22 – Online Maryland Sports Betting In 2022 Likely Dead
    • A lengthy bureaucratic process for Maryland sports betting continues to have no end in sight. The Maryland Sports Wagering Application Review Committee met again Wednesday with little movement. The SWARC is tasked with establishing guidelines for awarding competitive licenses and ensuring minority- and women-owned business participation in the MD sports betting industry. With the continued delays in mind, an industry source recently told LSR that a launch by the 2023 Super Bowl is likely a stretch. Previously, a top MD regulator told LSR that an online MD launch might come in late 2022.



  • Legal Sports Report, 5.18.22 – Can Minnesota Sports Betting Bill Make Waves In Senate?
    • With just a few days left in the 2022 legislative session, Minnesota sports betting faces an uphill climb. The Minnesota House advanced a MN sports betting bill, HF 788, last week, 70-57. The Senate Finance Committee will hear the bill Thursday and could send it to the chamber floor. However, the bill’s path to the finish line is not clear and the legislative session ends Monday. If the Senate, as expected, does not agree to an identical bill from the House, it would need a conference committee.