Industry News of the Day for May 23, 2023

By iDEA | May 23, 2023

Coverage of iDEA Growth’s Responsible Advertising Code

  • iGaming Business: iDEA Growth Publishes Responsible Advertising Code
    • iDEA Growth, a non-profit association focused on the US online interactive entertainment sector, has released an updated responsible advertising code for online gaming and sports betting. Designed for its members, the code sets out a series of principles related to marketing, encouraging members to advertise responsibly. The first of the give principles relates to complying with legal requirements related to these forms of gambling.
  • SBC Americas: iDEA Forms Sports Betting Advertising Code To Minimize Risks Of Problem Gambling
    • iDEA Growth, a nonprofit body aiming to grow sports betting and gaming in the US, has formed an Online Gaming and Sports Betting Responsible Advertising Code, as it aims to minimize the risk of problem gambling amongst US players. Influenced by the iDEA Responsible Gaming Pillars, the code features several measures that the industry as a whole is striving to implement as it attempts to self-regulate before state governments become more hands-on.

Industry News

  • SBC Americas: Campaign For Fairer Gambling Gets US-focused Relaunch
    • The Campaign for Fairer Gambling is being relaunched to address issues in the US market, according to Founder Derek Webb. The gambling reform campaign was initially set up to tackle fixed odds betting terminals (FOBTs) in the UK, targeting a ‘poorly designed policy’ allowing the electronic gaming machines to be legalized with a maximum stake of £100 ($124.43) per spin.

California

  • PlayCA: How Tribal Gaming Became An Economic Lifeline In California & The US
    • Over the past 20 years, the San Manuel Band of Mission Indians has donated over $300 million to organizations in tribal communities and across the US. The extra funding wouldn’t have been possible without gambling revenue.  However, tribal gaming revenue didn’t always boast the eye-popping figures it does today. In fact, it wasn’t until recently, relatively speaking, that tribes became intrinsically linked with casinos. The road to tribal gaming began with one tribal chief in Florida whose small tweak to bingo launched an industry.

Kentucky

  • PlayKentucky: KY Finally Addresses Problem Gambling Fund With Sportsbook Revenue
    • Kentucky’s latest gaming expansion creates a new funding source for its state addiction fund. The Bluegrass State dedicated more money to the fund as part of the Kentucky sports betting bill. But more importantly, the government dedicated resources to its problem gambling services. The state already had an addiction fund for addiction services, but it failed to address gambling disorders. State programs are more likely to receive funding if they have a dedicated source of revenue instead of a pool of money it competes with other programs for.

Massachusetts

  • PlayMA: DraftKings Admits To Taking Over 800 Unapproved Tennis Bets In MA
    • DraftKings Sportsbook Massachusetts has notified the Massachusetts Gaming Commission that it made an unapproved tennis league available to bettors in March. A total of more than $7,000 in bets was accepted by DraftKings on the three UTR Pro Series events, which are not included in the state’s sports wagering catalog. The UTR holds events internationally featuring ranked players from across the globe, some as young as 14 years of age.

Minnesota

  • Legal Sports Report: Why Minnesota Sports Betting Bill Will Wait Another Year
    • Entering the 2023 legislative session, Minnesota sports betting appeared to have a smooth path to legalization. Then, the proposal hit a fork in the road that will push it back for at least another year. With the Democrat-Farmer-Labor controlling the Minnesota government, a tribal-exclusive MN sports betting proposal looked primed for passage earlier this year. However, with a few DFL members opposed to gaming expansion, a tricky bipartisan negotiation emerged that led legislators to put sports betting on the back burner.

New York

  • New York Post: New York State Senator From Queens Blocks Mets Owner’s Casino Bid Next To Ballpark
    • A state lawmaker who represents the communities around the Mets’ Citi Field has temporarily blocked billionaire Mets owner Steve Cohen’s plan to build a casino and entertainment complex in the lots next to the ballpark. Cohen needs legislation approved by the state Legislature in Albany in order to start a commercial venture in the lots around Citi Field. But Sen. Jessica Ramos told The Post Sunday she would not introduce a bill in the final weeks of the legislative session.
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