Industry News of the Day for May 24, 2019

Industry News of the Day for May 24, 2019

Industry News:

  • Play USA, 5.23.19 – Some Surprising Revelations About Current & Future Us Sports Betting
    • The proliferation of legal sports betting across the United States is already paying dividends. According to the American Gaming Association, $7.9 billion was wagered at legal US sportsbooks, in the one year since the Supreme Court struck down PASPA. That said, that number pales in comparison to the estimated $150 billion in wagers the AGA estimates occurs annually on the black market.

New Jersey:

  • AP, 5.23.19 – Court Date Set For New Jersey Sports Betting Lawsuit
    • A federal appeals court will hear arguments in New Jersey’s lawsuit against the pro sports leagues over sports betting revenues. The suit filed on behalf of Monmouth Park Racetrack seeks roughly $140 million in damages it says is lost revenue from being barred from offering sports betting by a 2014 judge’s order.

Pennsylvania:

West Virginia:

  • Sports Handle, 5.23.19 – West Virginia Sportsbooks Poised To Go Mobile, But Questions Over Wire Act Linger
    • State lottery commissioners Wednesday granted state licenses for the bookmaking companies running the state’s sportsbooks for mobile sports wagering. However, according to Lottery Director John Myers, licensees are not likely to move forward until the courts resolve the new federal Department of Justice (DOJ) re-interpretation of the federal Wire Act.

Illinois:

  • Legal Sports Report, 5.24.19 – Latest Illinois Sports Betting Amendment Adds Online Blackout Period
    • Illinois is going to consider a sports betting bill unlike any other in the country. Legal Sports Report obtained a copy of the amendment Rep. Mike Zalewski is proposing in the House, and it’s a doozy. Zalewski’s attempt to legalize IL sports betting began with five impractical amendments, none of which garnered support.

Tennessee:

  • The Tennessean, 5.23.19 – Tennessee Gets Mobile Sports Betting Right
    • Tennessee defied the odds this month by becoming the fourth state of 2019 to send a sports betting bill to their governor. Remarkably, Tennessee is now poised to have full mobile sports betting well before states like New York and Illinois — though Gov. Bill Lee has said he will allow the bill to become law without his signature.

Iowa:

  • The Journal Times, 5.24.19 – Iowa Legalizes Sports Betting, With Start Likely Before Football Season
    • The Hard Rock Hotel & Casino Sioux City and other casinos in Iowa can start taking legal wagers on college and professional sports starting this summer, under legislation signed May 13 by Gov. Kim Reynolds. The bill will allow sports books at the 19 casinos licensed by the Iowa Racing and Gaming Commission, as well as bets online on nearly all college and major pro sports.

iDEA Growth Member News:

  • Las Vegas Review-Journal, 5.23.19 – Nevada Gaming Commission OKs License For GVC Holdings
    • One of the world’s largest sports wagering companies has been approved to operate in Nevada. The four-member Nevada Gaming Commission unanimously approved Isle of Man-based GVC Holdings Plc. for licensing Thursday morning.