Industry News of the Day for November 14, 2023

By iDEA | November 14, 2023

Industry News

  • Legal Sports Report: Underdog Launches Peer-To-Peer Pick’Em As States Eye Games
    • Underdog Fantasy is rolling out peer-to-peer player pick’em contests in four states, as more regulators identify player vs. house daily fantasy sports as de facto sports betting. Peer-to-peer pick’em will still center around users selecting a combination of athletes to either go over or under a particular stat. Instead of playing to win three or six times the dollar amount of their entry fee, users will compete against each other, with a yet-to-be-determined prize awarded to those with the best score, according to the company spokesperson.
  • PlayUSA: ESPN Bet Coming Online Ahead Of Massive Changes In Disney’s Media Products
    • ESPN Bet is due to take over as the branding face of Penn Interactive’s online sportsbook on Tuesday. While bettors in 17 states in which Penn has a license to accept sports wagers will have a new option for their wagers, the launch of an ESPN-branded online sportsbook has serious implications for the online gambling industry in the United States. In terms of endemic media brands aligned with sports content, there is no bigger name in the US than ESPN. Thus, for an online sportsbook, tying betting markets to content will never be easier.
  • SBC Americas: Fanatics Sportsbooks Taps Paysafe For Payment Platform
    • Fanatics Sportsbook has signed a deal with Paysafe to leverage its platform to power payments on its sports betting platform.  Under the terms of the deal, Paysafe will integrate its technology into the Fanatics Sportsbook platform, allowing players to use traditional card payments and other alternative payment methods.  Consequently, Fanatics’ bettors in Kentucky, Maryland, Massachusetts, Ohio and Tennessee can seamlessly deposit into accounts using their debit card via the Paysafe payment gateway.
  • The London Economic:International Expansion Of Online Gambling Brands: Challenges And Success Stories
    • This article embarks on an exploration of the multifaceted challenges that accompany the international expansion of online gambling enterprises, interwoven with illuminating success stories that have left an indelible mark on the industry’s landscape. The legal landscape is a labyrinth that online gambling brands must navigate to secure their footing in international markets. Bet365, a global frontrunner, has adeptly maneuvered through the intricate regulations of the European market while also addressing the evolving legal dynamics in the United States.

Indiana

  • Sports Handle: Indiana Sportsbooks Continue Roll In October, Claiming $45.2M In Revenue
    • The Indiana Gaming Commission reported Monday that legal sportsbooks earned more than $45.2 million in adjusted gross sports wagering revenue in October, as operators kept the heat on the betting public with a 10.5% hold. It was the third time in the last four months the Indiana sports betting win rate topped 10%, with August’s 9.9% hold the lone outlier. Four of the state’s 13 all-time double-digit holds in 50 months of wagering have come in 2023 — all in the last six months — and the October hold ranks seventh overall.

Kentucky

  • Bonus.com: Pulsz Settlement: Yellow Social Interactive Customers Eligible for Portion of $1.3 Million Settlement
    • The owner of Pulsz and Pulsz Bingo has agreed to pay $1.32 million to settle a class action lawsuit in Kentucky, which alleged that those sites constituted illegal gambling. State residents wishing to claim a portion of the settlement must complete a claim form before Jan. 29, 2024. Yellow Social Interactive (YSI) is one of two social casino companies that agreed to such settlements last week. Like its counterpart, Woopla, YSI denied any wrongdoing but promised to make changes to its games as part of the settlement.

Michigan

  • PlayMichigan: Striking Detroit Casino Workers Call For Online Gambling Boycott
    • As the Detroit casino workers’ strike hits Day 28, the intensity has picked up over the weekend. We know the sides are still far apart of key negotiation issues and the union workers are bearing down for the long haul. This past weekend, the Detroit Casino Council turned its attention to calling for a boycott of the online casino partners of the three Detroit casinos. Also, one of the Detroit casinos expressed frustration over recent bonfires for the striking workers, associating it with a chant from the union and tying it to a potential threat.

New Jersey

  • PlayNJ: Hollywood Online Casino Replaces Barstool On Tuesday
    • The anticipated launch of ESPN Bet expects to take place on Tuesday. But that’s not the only change coming for PENN Entertainment in New Jersey. Come Nov. 14, the NJ online casino landscape will have a rebranded platform that could seem familiar to some users here. One Tuesday, along with the launch of ESPN Bet, PENN Entertainment will also introduce Hollywood Online Casino to New Jersey players.

Ohio

  • PlayOhio: Maturation Of Ohio Casino Market Could Pave Way For Online Casinos
    • Through the first nine months of 2023, Ohio casinos have generated $763.4 million in gross gaming revenue. That’s an average of $84.8 million every month. Ohio casinos are on pace to have their most profitable year ever in 2023. They are fast becoming some of the state’s most reliable money-makers. Ohio online casinos remain illegal in the state. However, this consistent flow of tax revenue from retail casinos could provide some added momentum for lawmakers to push legal online casinos across the finish line.

Oklahoma

  • The Center Square: Sports Betting Plan Does Little To Thaw Chilly Relationship Between Oklahoma Governor And Tribes
    • In the week since Oklahoma Gov. Kevin Stitt announced a plan to implement sports betting at the state’s tribal casinos, new issues are showing just how chilly the governor’s relationship with the state’s Native American tribes is. The latest divide is over tribal license plates. A member of the Otoe-Missouria was ticketed by an Oklahoma state trooper on Wednesday for having a tribal tag but living outside of the tribe’s jurisdiction, according to information posted on the tribe’s website.
Posted in Daily Clips