Industry News of the Day for May 20, 2021

iDEA Growth Member News: 

Sports League News: 


  • Sports Handle, 5.19.21: Florida Becomes Biggest State By Population To Legalize Digital Sports Betting 
    • The approval came after an hour of debate and attempts at multiple amendments, making Florida the biggest state by population to legalize sports wagering since the fall of the Professional and Amateur Sports Protection Act on May 14, 2018. 
  • Tampa Bay Times, 5.19.21: Florida Legalizes Sports Betting, Hard Rock To Add Roulette 
    • Florida joined the dozens of states that have authorized mobile sports betting Wednesday, as legislators wrapped up their special session and ratified an agreement with the Seminole Tribe ushering in the broadest expansion of gambling in Florida in a decade. 




  • KDVR, 5.19.21: Colorado is the sixth-highest highest sports betting states 
    • Since it became legal to place sports bets in May 2020, Coloradans have bet $2.3 billion in casinos or through online sports book apps and websites. True to its Western heritage, it is now the sixth-heaviest sports gambler of U.S. states. 



  • MI Bets, 5.19.21: Sportsbook Tax Revenue Is Low In Michigan, And That’s By Design 
    • While over a billion dollars has been wagered, the adjusted gross betting receipts are at $13.8 million (basically, the sportsbooks’ revenue after promotional money is taken out) and as such the state has collected a mere $1.1 million in tax revenue, though former state Rep. Brandt Iden said he would expect the tax dollars to climb higher as the market matures and promotional money dries up.