Industry News of the Day for May 28, 2021

By iDEA | May 28, 2021

iDEA Growth Member News: 

  • PR Newswire, 5.27.21: PointsBet Wins Top Sports Betting Operator Honors at EGR North America Awards 2021 
    • PointsBet, a premier global online gaming operator, was recently honored by eGaming Review (EGR) as the top sports betting operator at the EGR North America Awards 2021.  The recognition follows PointsBet’s notable exhibition of scale and growth, ability to innovate and differentiate, commitment to responsible gambling, quality of marketing, and quality of product. 
  • Play TN, 5.27.21: Tennessee Titans Are Top Prospect At FanDuel To Land Julio Jones 
    • According to FanDuel Sportsbook, the Tennessee Titans are a top prospect to land wide receiver Julio Jones in an upcoming trade. But those lines are nowhere to be found at Tennessee sportsbooks. 
  • Legal Sports Report, 5.27.21: Connecticut Sports Betting Signed Into Law, Fed Approval Still Needed (DraftKings and Kambi mentioned) 
    • Gov. Ned Lamont signed HB 6451 into law Thursday afternoon. The bill allows Lamont to submit updated compacts with the Mashantucket Pequot and Mohegan Indians to the Department of Interior for federal approval. 

New York: 

  • Play NY, 5.28.21: All Bets Are Off in New York for Offshore Sportsbook Bovada 
    • The regulated market for New York online sports betting hasn’t launched yet but it’s already producing results. The Bovada offshore sportsbook has announced that it will soon stop accepting wagers from people located in the Empire State. 

California: 

  • Los Angeles Times, 5.27.21: California Voters Will Decide in 2022 Whether To Allow Sports Betting 
    • Californians would be able to legally bet on Lakers, Dodgers and Rams games at tribal casinos and horse-racing tracks under an initiative that qualified Thursday for the November 2022 ballot, touching off what is expected to be an expensive battle with excluded card clubs over who should benefit from the potential billion-dollar market. 
  • Play CA, 5.27.21: Sportsbook Ballot Measure Qualifies To Go In Front of Voters In 2021 Or 2022 
    • The California Secretary of State announced that the initiative is now eligible for the November 2022 general election ballot. However, all indications are that the tribal coalition is considering filing a lawsuit to get the measure on this year’s gubernatorial recall ballot. 

Connecticut: 

Nebraska: 

Nevada:  

  • US Bets, 5.27.21: Nevada Passed By New Jersey In Post-PASPA Sports Betting Handle 
    • The Nevada Gaming Control Board released its April revenue figures, and the $457.8 million wagered in Las Vegas and elsewhere in the state during the month was not enough to keep the Silver State ahead of New Jersey. It marks the first time since PASPA was struck down in May 2018, allowing regulated sports wagering on a state-by-state basis, that a state other than Nevada is atop the leaderboard. 
  • Legal Sports Report, 5.27.21: Nevada Sports Betting Latest Market To Report April Dip 
    • Even the oldest legal US market cannot escape the March Madness hangover as sports betting in Nevada dipped in April. Handle was $454.7 million for the month, down 29.1% from the $641 million bet in March. Nearly 80% of March’s handle came from basketball thanks to betting on March Madness. 

Maryland: 

  • US Bets, 5.27.21: Maryland Permitting Up To 60 Mobile Sportsbooks, But Reality Could Be Far Less 
    • The law signed May 18 by Gov. Larry Hogan spells out 17 entities already in the gaming/sports industry (casinos, sports franchises, racetracks, OTBs, bingo halls) eligible for brick-and-mortar licenses; allows for 30 smaller newcomers such as bars and restaurants to gain retail licenses; and permits up to 60 mobile sites that could partner with any of those prior licensees. 

Ohio:  

  • Play OH, 5.27.21: Ohio Casinos Feeling Iced Out By Current Sports Betting Legislation 
    • The Senate sports betting bill creates 20 mobile and 20 retail sports betting licenses. None are required to go to the 11 licensed casinos/racinos in the state. That doesn’t sit well with the casino executives, who felt the need to re-establish themselves as Ohio businesses. 
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