Industry News of the Day for May 9, 2022
iDEA Growth Member News:
- Yahoo!, 5.9.22: Paysafe and Playtech Form Global Payments Partnership
- Playtech and Paysafe extend collaboration in the UK and Europe following success across multiple US states
- SBC Americas, 5.6.22: DraftKings records ‘significant growth’ in Q1 with ‘efficient’ acquisition
- DraftKings Co-Founder and CEO Jason Robins has praised the company’s operational performance in Q1, which was headlined by efficient acquisition and retention following its launch in both New York and Louisiana.
Industry News:
- Legal Sports Report, 5.8.22: Opinion: Would Federal Offshore Sportsbook Crackdown Really Help?
- In a letter dated April 13, American Gaming Association (AGA) CEO and President Bill Miller sent a letter to U.S. Attorney General Merrick Garland asking the Department of Justice (DOJ) to focus its attention on illegal gaming including offshore sportsbook activity taking place “across our great nation.”
- The Atlantic, 5.8.22: Opinion: The Sports Betting Boom Is a Moral Disaster
- Ostensibly disinterested prophets of harm reduction are lending approbation to the behaviors they see themselves as regretfully tolerating.
- Online Poker Report, 5.9.22: US Regulators Bring Down The Hammer On Crypto Casinos
- Earlier last month, state securities regulators in Alabama and Texas issued cease-and-desist orders against a Cyprus-based company that’s been hawking non-fungible tokens (NFTs). It was doing so to operate crypto casinos in the metaverse. The enforcement actions are both the first of their kind and likely not the last.
- Sports Handle, 5.9.22: What’s On Tap: NFL Schedule Release, NBA Playoffs, And iGaming Conference In NYC
- Bucks, Suns look to return to NBA conference finals; NFL teams await Thursday’s schedule release
Maine:
- New Canaan Register, 5.8.22: It will take time to create Maine sports betting regulations
- Maine is joining a group of more than 30 states that allow sports betting, but the first legal wagers may not happen until 2024.
Kentucky:
- WDRB, 5.8.22: Kentucky lawmaker still hopeful for expansion of all sports betting at Churchill Downs
- Fans flocked to Churchill Downs for the internationally known Kentucky Derby and it’s the only event sport fans can legally bet on in the state.
Kansas:
- iGaming Business, 5.8.22: Kansas sports betting bill presented to governor
- A bill that would authorise sports betting, as well as historical horse racing machines, in Kansas has been sent to the state governor for approval.4
Minnesota:
- Legal Sports Report, 5.6.22: When Will MN Sports Betting Bill Get House Vote?
- Zack Stephenson‘s legislation to legalize MN sports betting took a roundabout trip to the House floor but is on its way.
Iowa:
- Sports Handle, 5.6.22: Springtime Swoon Hits Iowa As Sports Betting Handle Slips To $177 Million
- DraftKings keeps handle crown for second straight month, holding off Caesars and FanDuel
Colorado:
- Sports Handle, 5.6.22: Colorado Problem Gaming Bill Passes Senate With Changes That Draw Criticism
- Funding bill needs House approval of Senate amendments to reach governor’s desk
Virginia:
- Sports Handle, 5.6.22: Virginia sportsbooks benefit from March Madness as handle sees monthly uptick
- Sportsbook in Virginia experienced a hike in monthly sports betting handle in March, largely thanks to the March Madness NCAA men’s college basketball tournament.