Industry News of the Day for May 31, 2022

iDEA Growth Members in the News

  • Business Wire, 5.31.22 – Paysafe Launches VIP iGaming Player Program for Skrill USA
    • Paysafe (NYSE: PSFE), a leading specialized payments platform, today launched a new program for its Skrill USA digital wallet that caters to the wagering preferences of high-stakes American online gamblers. Building on the recent Skrill USA product upgrade, the new program, which has been first rolled-out with the PlayUp USA sportsbook, provides enrolled players with the U.S. iGaming industry’s highest limits for instantly funding a deposit.
  • SBC Americas, 5.27.22 – FanDuel’s Amy Howe to participate in keynote fireside chat at SBC Summit North America
    • Amy Howe, the CEO of FanDuel, will discuss the current state of play and her vision for the future of mobile gaming during a special keynote session at July’s SBC Summit North America 2022 conference and tradeshow. FanDuel Group is the largest mobile gaming operator in North America across mobile sportsbook, casino, racing and daily fantasy sports platforms.

Sports League News

  • Play CA, 5.27.22 – LPGA Misses The Cut On Sports Betting
    • The 2022 LPGA Tour season promises another year of record-setting purses and playing opportunities. Members of the LPGA Tour are competing for $85.7 million in official purses this year, thanks to the support of new and longtime partners. That’s the largest total to be bestowed on the world’s best female golfers over 34 official events. However, something is conspicuously missing. The LPGA continues to ignore sports betting at its own peril.

Iowa

  • iGB, 5.26.22 – Iowa sports betting dashboard: April 2022
    • Sports betting revenue in Iowa came to $12.4m in April 2022, up 37.7% year-on-year but down from March. Online revenue was $11.6m, down slightly from March, while revenue from land-based sports betting dropped to $832,770. Diamond Jo Casino in Dubuque, with its FanDuel Sportsbook, extended its dominant market position with 32.6% of revenue.

Massachusetts

Missouri

  • Fox 2 Now, 5.30.22 – Why sports betting never made it to Gov. Parson’s desk this session
    • JEFFERSON CITY, Mo. – It’s legal in nearly all of Missouri’s surrounding states to place a wager on college and professional sports teams, but the chips are stacked against the Show Me State. The odds of legalizing sports betting at the beginning of the session in January were high, but once May rolled around, Missourians placing bets on their favorite sports teams became a long shot. Some of it is due to Senate Republicans not agreeing. Some are already working on a plan for next year.

Nevada

  • SBC Americas, 5.27.22 – Nevada gaming revenue in April up 8.57% year-over-year
    • Nevada gaming’s April revenue of $1.13bn was an improvement on what was reported during the same period last year, but a decline on the figures declared last month. Data from the Nevada Gaming Control Board has revealed that April’s revenue was an 8.57% year-over-year growth on April 2021’s $1.04bn, but down 16.8% compared to March 2022’s $1.36bn.