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Industry News of the Day for May 2, 2019

Industry News of the Day for May 2, 2019

New Jersey:

West Virginia:

  • Play WV, 4.30.19 – WV Sportsbooks Anticipate Return Of Online Betting As Handle Plateaus
    • West Virginia sports betting has officially hit a plateau while operating just three WV sportsbooks. With no mobile sports wagering apps available in the Mountain State, betting figures have stagnated. After seeing a slight increase a week ago, total handle again fell for the week ending April 20. It is now the third-consecutive week that the handle has failed to reach $3 million.

Tennessee:

  • WTVF, 5.1.19 – Excitement, Concerns Over Online Sports Betting Coming To Tennessee
    • Bringing sports betting to Tennessee is a big change to a state that has normally stayed away from expanding gambling. After a narrow Senate vote this week, Governor Bill Lee is planning to make the online sports betting legislation into law without his signature.

Nevada:

  • Play USA, 5.1.19 – Record March Shows Nevada Still Wears The US Sports Betting Crown
    • Numbers coming out of Nevada last week left no doubt that the Silver State is still the gold standard for US sports betting. The NCAA Tournament is far and away the top sports betting event in the country. So, when March New Jersey sports betting figures dropped showing March Madness helped the state’s sportsbooks set a new revenue record, it appeared as though a threat to Nevada’s sports betting crown had emerged.

New Hampshire:

  • Legal Sports Report, 5.1.19 – As One NH Sports Betting Bill Stalls, Another’s Sponsor Looks To Remove License Cap
    • The House sponsor of NH sports betting legislation is asking the Senate Committee on Ways and Means to make two amendments to the bill as passed by his chamber. Rep. Timothy Lang, a Republican, tells Legal Sports Report that he wrote a letter to leadership of the Senate committee asking them to reverse two changes to H 480 made in the House in order to appease Democratic leadership.

Rhode Island:

Louisiana:

  • iGaming Business, 5.1.19 – Louisiana Senate Passes Sports Betting Bill
    • The Louisiana Senate has advanced a bill to legalise sports betting in the state, which now passes to the state House of Representatives for further scrutiny. SB153, which was prefiled by Senator Daniel Martiny in March, passed with 24 Senators voting in favour, and 15 against.

Overall Industry News:

  • Online Poker Report, 5.1.19 – Here’s Why Some Casinos Want You To Register Online Gambling Accounts In Person
    • Few things will rankle the sports betting industry more than a state choosing a retail-only sports betting model. Unfortunately, that’s something many states are not just considering, but doing. The good news is some states are contemplating online sports betting. The bad news is some of these states are also exploring ineffectual policies that will limit market penetration.
  • NY Post, 5.1.19 – NBC Jumping Into Sports-Betting Game With Kentucky Derby
    • As it tries to become a known player in the emerging sports-betting TV space, NBC is turning to a longtime wagering staple for its next venture: the Kentucky Derby.