Industry News of the Day for May 6, 2021
iDEA Growth Member News:
- US Bets, 5.5.21: FanDuel Gives West Virginians Their Fourth Online Casino Option
- FanDuel launched its online casino in West Virginia Wednesday, meaning the state now has twice as many such iGaming sites as it did a month ago.
Overall Industry News:
- Play USA, 5.5.21: PlayUSA Rewind: Tennessee Mobile Sportsbook Total Climbs to Seven
- This week, another mobile sportsbook debuts in Tennessee, new online poker apps in Pennsylvania, and Alabama lawmakers consider sports betting.
- Online Poker Report, 5.5.21: Sports Betting Is The Talk Of The Town, But For Revenue, Online Casinos Are King
- In states with both legal iGaming and online sports betting, the former is king. Online casinos – with a bit of help from poker rooms – reliably produce more than twice as much revenue as sportsbooks.
- Play NJ, 5.5.21: NJ Lawmakers Push To Expand College Sports Betting
- The state Assembly Tourism, Gaming, and the Arts Committee moved a concurrent resolution Wednesday morning in support of amending NJ’s sports betting law. The proposed amendment would remove the current prohibition against betting on NJ colleges and universities or collegiate sporting events that takes place in the Garden State.
- Forbes, 5.6.21: Mobile Sports Betting To Bring New York State 100% More In Tax Revenue Than Cannabis
- The legalization of adult-use cannabis and mobile sports betting will both contribute to the largest state budget in New York’s history this year. But tax revenues from online sports wagers will beat recreational cannabis taxes by more than 100% by 2025.
- New 5 Cleveland, 5.5.21: Lawmakers To Unveil New Bill To Make Sports Betting Legal
- The Ohio Senate Select Committee on Gaming will unveil Thursday morning at 10 a.m. their bill to legalize sports betting in the state according to the office of the bill’s sponsor Senator Kirk Schuring.
- Miami Herald, 5.5.21: Floridians Still Want Say In Gambling Expansion To Mobile Sports Betting, Poll Says
- In what may be a warning shot to Gov. Ron DeSantis and the Legislature in their pursuit of a gambling deal that will legalize mobile sports betting in Florida, a new poll commissioned by No Casinos shows 76% of Floridians surveyed say voters should have to approve.
- Sports Handle, 5.5.21: Will Sports Betting Operators Besides Hard Rock Be Able To Find A Way Into Florida?
- Just as there was an initial frenzy around the legalization of mobile sports betting in New York in April, so too has there been a frenzy in the industry about legal wagering in Florida. But if Florida does legalize — and it would become the largest state to do so — it could very well create a monopoly, leaving sports bettors with no choices and, potentially, less attractive odds.
- Play WV, 5.5.21: FanDuel Casino Launches In West Virginia To Become Mountain State’s Fourth Online Platform
- The West Virginia online casino market just added another new operator to its repertoire. FanDuel Casino WV has officially launched in the Mountain State, and is now the fourth online option available to bet with.
- TN Bets, 5.5.21: TN Clears $1 Billion In Handle Since Sports Betting Kicked Off
- April’s sports betting numbers aren’t available for public consumption yet, but we do know that Tennessee’s sports betting market has passed $1 billion in wagers.
- TN Bets, 5.5.21: Tennessee Approves Sports Betting On Fledgling Local MMA Promotion
- Regulators with the Tennessee state lottery have approved legal sports betting on a fledgling local MMA promotion, alongside top players in the MMA industry such as the UFC and Bellator. It appears the approval was done at the request of TN Action 24/7, a locally based sportsbook.
- TN Bets, 5.5.21: Alabama Sports Betting Plan Advances To House For Vote
- If the legislation clears the final hurdles, Alabama voters would weigh in on sports betting in a November 2022 referendum. The state constitution needs to be amended to make way for the gambling expansion.
- Legal Sports Report, 5.5.21: Alabama Sports Betting Down To The Wire In House
- A comprehensive package of legislation that includes Alabama sports betting is down to its last few days to pass.