Industry News of the Day for May 8, 2024

Industry News

  • PlayUSA: IC360 Partners With Radar For Geolocation Services, Key For Responsible Gambling
    • Technology and consulting powerhouse Integrity Compliance 360 (IC360) announced a partnership with Radar, a New York-based geolocation technology provider. Recently, U.S. Intergrity and Odds On Compliance jumped on a merger in which the rebranded name became Integrity Compliance (IC360). Branded as Geo360 powered by Radar, this collaboration offers geolocation jurisdictional compliance services. It serves to enrich IC360’s integrity monitoring services by integrating geolocation functionalities.
  • Legal Sports Report: Business By The Books: Kambi-Run Sports Betting Apps Rank Before ESPN Bet
    • Penn Entertainment‘s ESPN Bet app ranked lower than some sports betting brands running on Penn’s former tech partner Kambi, according to the latest analysis from Eilers & Krejcik. ESPN Bet was ranked 11th in the report, which tests, scores and ranks US sportsbook apps. That is behind BetRivers at No. 8 and Ohio-exclusive betJACK at No. 10. PENN switched from Kambi over the MLB All-Star break last July, paying $12.5 million in an early termination fee and another $15 million for Kambi’s help in the transition. The two recently extended that transition period for in-person sports betting at regional Penn casinos.
  • Gaming Today: Sports Betting Tax Revenue Jumped 34% In 2023, LendingTree Study Says
    • State tax revenue from legal sports betting in the United States rose by 34.7% in 2023, according to an analysis released by online lending marketplace LendingTree. The analysis of US Census Bureau state tax revenue found that the sports betting figure increased to almost $2.5 billion, up from $1.8 billion in 2022. The Gaming Today Sports betting revenue tracker pegs sports betting tax revenue at $636 million so far in 2024, covering 33 reporting jurisdictions. The LendingTree study also takes into account pari-mutuel wagering. Gaming Today’s 2023 was slightly lower nationally for 2023, at $2.1 billion.


New York

  • PlayNy: Despite Early Losses, ESPN Bet Still Banking On New York Launch By NFL Season
    • It’s been said before and it was reiterated again last week: ESPN Bet is coming to New York by football season. Speaking during an earnings call recently, Jay Snowden – CEO of PENN Entertainment, which partnered with ESPN to create the sportsbook – told investors that ESPN Bet will join the NY sports betting landscape “before the start of this upcoming NFL season.” Snowden then emphasized that PENN has built a customer database of “over 3.5 million” unique bettors over the past three-and-a-half years, “a number that we thought would take much longer to deliver.”


  • PlayMichigan: Casual Bettors, Promo Spend Help DraftKings Achieve Record iGaming Revenue
    • DraftKings is attributing its record-setting $40.4 million in March iGaming revenue in Michigan to more casual bettors in a mature online gambling market. But record promo spend also is a major factor. Michigan has offered online casinos since 2021. FanDuel, BetMGM and DraftKings Casino Michigan have been the top three operators in every month.