Industry News of the Day for November 15, 2019
iDEA Growth Member News:
- Play USA, 11.14.19 – Kambi Strikes Deal With Seneca Tribe To Manage Sports Betting Operations
- There is a new operator entering the popular New York sports betting market. European-based company Kambi will manage sports betting operations at three casinos owned by the Seneca Nation of Indians.
- Legal Sports Report, 11.14.19 – Esports Betting Expands In US Beyond Nevada For First Time (888, Unibet)
- Esports betting is officially live in New Jersey, although sportsbooks have only taken action on one event so far: the League of Legends World Championship Final.
Industry News:
- Legal Sports Report, 11.14.19 – Tribal Compacts: A Primer For Legal US Sports Betting
- With the 20th annual TribalNet Conference wrapping up this week in Nashville, we look at one of the most important stakeholders in the sports betting conversation, and how tribal compacting may impact states’ desires for sports betting in the coming years.
New Jersey:
- Chicago Tribune, 11.14.19 – Mobile Sports Wagering Platform Proves To Be Smart Bet For Ameristar
- New Jersey’s sports betting industry set another monthly record in October for the amount bet as gamblers plunked down close to a half-billion dollars while baseball’s playoffs and World Series, football, basketball and hockey were all on the betting board.
- Fox Business, 11.14.19 – Yahoo Sports, MGM Launch Mobile Sports Betting – But Only In This State
- Yahoo Sports kicked off its efforts to cash in on legalized sports betting on Thursday with the launch of its MGM Resorts-backed mobile sportsbook for customers in New Jersey.
- Associated Press, 11.14.19 – Another Record Month For Sports Betting In NJ: $487M In Bets
- New Jersey’s sports betting industry set another monthly record in October for the amount bet as gamblers plunked down close to a half-billion dollars while baseball’s playoffs and World Series, football, basketball and hockey were all on the betting board.
- Sports Handle, 11.14.19 – New Jersey Handles $487.9 Million In October
- The New Jersey Division of Gaming Enforcement published their monthly revenue figures on Thursday afternoon reporting a record-high handle of $487,924,504 and sports wagering gross revenue of $46.4 million.
- Legal Sports Report, 11.14.19 – October Sets New NJ Sports Betting Monthly Record For Handle
- NJ sports betting handle jumped 87.2% over last year to $487.9 million in October, breaking the monthly record set in September.
West Virginia:
- Augusta Free Press, 11.14.19 – West Virginia Sports Betting Revenue Up Again In October
- Whilst the lack of mobile betting in New York contributed heavily to the state’s dip in revenue in October, technology has been at the forefront of West Virginia’s increase in the same month.
Massachusetts:
- The Boston Globe, 11.14.19 – Lots Of Talk, If Little Action, On A Mass. Sports Betting Bill
- Given how many issues of a more pressing nature are being debated on Beacon Hill, no sense of urgency surrounds the passage of a sports betting bill in Massachusetts.
Illinois:
- Gambling Compliance, 11.15.19 – Chicago Casino Plan Busts In Final Hours Of Illinois Veto Session (subscription paywall)
- A late push to modify the tax structure of a new Chicago casino fell short on Thursday, as an amended bill failed to make it to the floor of the state House before the legislative session ended.
California:
- Associated Press, 11.14.19 – California tribes back initiative to legalize sports betting
- A coalition of Native American tribes has proposed an initiative for the 2020 ballot that would legalize sports betting in California at Indian gaming casinos and licensed racetracks, according to a report Wednesday.
Iowa:
- The Daily Iowan, 11.14.19 – Iowa Regents Approve Policy Barring Members From Sports Wagering
- The state Board of Regents approved a new policy prohibiting board members and office staff from participating in sports wagering on events involving the state universities during its Thursday meeting.
New York:
- Legal Sports Report, 11.14.19 – A New York Sports Betting Study Gets A Green Light, But Is It Too Late For 2020?
- The New York State Gaming Commission finally chose a dance partner. The commission tabbed Spectrum Gaming Group to conduct a comprehensive gaming market study that could highlight the need for mobile sports betting in the state.
- Sports Handle, 11.14.19 – Spectrum Gaming Group Wins Bid To Conduct New York Mobile Betting Study
- The New York State Gaming Commission awarded a bid to Spectrum Gaming Group Thursday to conduct a comprehensive study focused on the potential implementation of mobile sports betting by the state’s private casinos.
Montana:
- Bozeman Daily Chronicle, 11.15.19 – Montana Colleges Gear Up For Legal Sports Betting
- Legalized sports betting is coming soon to Montana, but the pastime will still be off-limits to college athletes, coaches, campus presidents and even the Board of Regents.