Industry News of the Day for November 16, 2020

iDEA Growth Member News:

• CNN, 11.13.20 – It’s The ‘Golden Age’ Of Sports Betting (DraftKings, FanDuel)
  • Several more states voted to legalize sports betting two weeks ago, and the good news for the gambling industry continues: DraftKings and the owner of FanDuel both reported solid results this week thanks to the return of many live sports this summer.
• Wall Street Journal, 11.13.20 – DraftKings Users Surged With Return Of Pro Sports Betting
  • The return of professional sports this summer brought a surge of user growth to sports-betting operator DraftKings Inc., sending revenue higher as the company expanded operations to more states.

Industry News:

• Sports Handle, 11.13.20 – Get A Grip: New Jersey Breaks Record (Again!), Virginia Sportsbook Application Flood, Masters-NFL Sunday, More
  • Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.
• SBC Americas, 11.16.20 – AGA Commercial Gaming Revenue Tracker Reveals Promising Q3 Figures
  • According to the American Gaming Association (AGA), US commercial gaming revenue for Q3 2020 totaled $9.04bn, reaching 81% of the industry’s pre-COVID levels in Q3 2019.

Overall Industry News:

• Axios, 11.13.20 – The Emerging Media Landscape For Sports Bettors
  • As the U.S. sports betting market matures, a robust media landscape is forming alongside it, with companies aiming to educate and entertain bettors.

Sports League News:

• SBC Americas, 11.16.20 – NCAA Maintains Diligent Approach With Updated COVID-19 Guidance
  • The NCAA has released the Resocialization of Collegiate Sport: Developing Standards for Practice and Competition, Second Edition, to update and extend previous guidance considering new and emerging information surrounding the COVID-19 pandemic.
• ESPN, 11.13.20 – What The Ivy League’s Canceling Its Seasons Means For College Basketball, Other Sports
  • In an unfortunate echo of March, the Ivy League on Thursday became the first Division I league to cancel its men’s and women’s basketball seasons, announcing that it would not play any winter sports in 2020-21 and would delay a decision on spring sports until at least the start of March 2021.
• Los Angeles Times, 11.14.20 – When It Comes To Sports Gambling, Golf Is Betting Big On Fan Engagement
  • Golf players and officials hope that allowing fans to bet on player performances and tournaments, like the Masters, will help drive engagement.

New Jersey:

• Associated Press, 11.13.20 – New Jersey Sets US Sports Bet Record For 3^rd Month At $803M
  • New Jersey’s red-hot sports betting market set the national record for the highest amount wagered on sports for the third month in a row in October with over $803 million plunked down by gamblers.
• Legal Sports Report, 11.13.20 – NJ Sportsbooks Post New Record With $800 Million In Wagers For October
  • New Jersey sportsbooks set another record for sports betting handle in October, hitting $803 million in total wagers.
• Online Poker Report, 11.14.20 – New Jersey Gets Back To Setting Online Gambling Revenue Records In October
  • After several fairly flat months, New Jersey online gambling revenue has begun to surge once again.
• Press Of Atlantic City, 11.13.20 – Online Gambling, Sports Betting Continue To Grow As Atlantic City Casino Revenue Drops
  • A record-setting month for legal sports betting and a triple-digit percentage increase in online gaming revenue helped cushion another monthly decline in brick-and-mortar gaming revenue for the city’s nine casinos.

Pennsylvania:

• PlayPennsylvania, 11.13.20 – Coronavirus Won’t Close PA Casinos, But Tighter Restrictions May Roll In Soon
  • Play Pennsylvania asked the PA Department of Health if the rising numbers of COVID-19 infections meant a return to the color-coded phases and possible temporary closures for casinos in Pennsylvania.

New Hampshire:

• Concord Monitor, 11.13.20 – The Pandemic Looks To Increase New Hampshire’s Take From Sports Betting
  • The pandemic has clobbered the world of pro sports just as it has clobbered every other activity, but its effect on New Hampshire’s income from sports betting may not be too bad. In fact, it might not be bad at all.

Washington, D.C.:

• iGB North America, 11.16.20 – William Hill Retains Retail Lead As DC Market Grows In October
  • Washington D.C.’s lottery saw stakes grow 27.8% month-over-month in October, though its city-wide mobile offering continues to be outstripped by William Hill’s retail sportsbook at the US capital’s Capital One Arena.

Michigan:

• Online Poker Report, 11.13.20 – Michigan Online Gambling By Thanksgiving Weekend? Don’t Count On It
  • A November launch for Michigan online gambling is looking less and less likely, thanks to an interruption of the state’s legislative session.

Illinois:

• Associated Press, 11.15.20 – Illinois Reports $285 Million In September Sports Bets
  • The latest numbers released by the Illinois Gaming Board show bettors in the state wagered more than $285 million on sports contests in September.
• Chicago Sun-Times, 11.15.20 – New Illinois Sports Betting Market Already Topping Indiana With $285 Million Handle
  • Since Illinois’ first legal bet was placed in early March, the state has seen exponential early growth over the first three full months following the COVID-19 shutdown, thanks to the advent of mobile betting.
• Sports Handle, 11.13.20 – Pritzker Renews Remote Registration Executive Order For Fifth Time
  • Hours after the state’s gaming board released an impressive sports betting revenue report for the month of September, Illinois Gov. J.B. Pritzker renewed Executive Order 2020-41 on Friday for the fifth time since he initially issued it in June.
• Sports Handle, 11.13.20 – Illinois Operators Post September Sports Betting Handle Of Nearly $305 Million
  • More online sports betting options and a jam-packed sports schedule contributed to Illinois sports betting operators posting a handle of nearly $305 million for the month of September, according to figures released Friday by the Illinois Gaming Board.

Indiana:

• Associated Press, 11.15.20 – Indiana Sees Record Sports Wagering In October Amid Pandemic
  • Indiana set a new sports betting record in October even as play slowed at other casino games, according to the Indiana Gaming Commission.