Industry News of the Day for November 18, 2022
iDEA Growth Member News
- Legal Sports Report: FanDuel Capital Markets Day Top Takeaways
- Management within FanDuel and its parent company Flutter used a three-hour session to show why they expect their US sports betting lead to continue in years to come. The FanDuel Capital Markets Day in New York broke down almost every area of the business with a 113-page presentation and 40-minute Q&A session.
- PlayUSA: In-Game Betting Boosts Sportradar’s US Growth By 61%
- Leading sports technology company, Sportradar reported a robust third quarter, with revenue rising 31% year-over-year to $185.6 million. Sportradar’s US segment also grew 61% year-over-year to $32.8 million. This segment was driven by strong market growth and in-game gambling in the US.
- SBC Americas: Evolution Opens Second Live Casino Studio In New Jersey
- Evolution has expanded its US igaming capabilities, opening a new live casino studio in New Jersey to ramp up its output to operator clients. The gaming studio opened its first location in the US in the Garden State in 2018 and, given the success that the state is enjoying in the igaming sector, Evolution has decided to double down on the jurisdiction.
Iowa
- PlayIA: Hard Rock Sioux City Officially Purchased By Churchill Downs
- Thanks to the New York State Gaming Commission, the Hard Rock Casino in Sioux Falls is now owned by Churchill Downs Incorporated. The Iowa casino is located just along the Iowa/Nebraska border and boasts 639 slot machines, 20 table games and a 54-room hotel.
Massachusetts
- Gaming Today: Massachusetts Clears Way For Sportsbook Certification Ahead of 2023 Sports Betting Launch
- Massachusetts has unanimously approved an emergency regulation that will allow sportsbooks licensed in the Bay State to launch here next year when sports betting goes live. The 5-0 vote today by the Massachusetts Gaming Commission (MGC) allows the commission to certify for launch those operators that meet state regulatory and approved industry standards.
Michigan
- PlayMichigan: Michigan Online Casinos Set Record With $141 Million In Revenue For October; Sports Betting Handle Tops $500 Million
- Michigan online casinos and poker sites had a record revenue month in October, bringing in nearly $141 million. It’s the second-highest month ever for any US iGaming market, trailing only Pennsylvania in March of 2022.
New Jersey
- PlayNJ: NJ Sportsbooks Report Over $1 Billion In October Handle, Online Casinos Set Monthly Record
- Monthly NJ sports betting handle is over $1 billion once again. The New Jersey Division of Gaming Enforcement (DGE) released October numbers earlier today, and Garden State gamblers wagered over $1.06 billion for the month.
Pennsylvania
- PlayPennsylvania: PA Online Casinos Set US iGaming Record With $151.7M Revenue; Sportsbooks Also Peak in October
- The Pennsylvania Gaming Control Board released figures on Thursday that showed Pennsylvania breaking records in sports betting and online casino handles. With all four major sports in action, Pennsylvania sportsbooks set an all-time record for handle with a total of $797.1 million in the month of October, a $151.9 million increase from September, and a 2.7% increase from last year.
Washington, D.C.
- iGB North America: DC Sports Betting Revenue Up In October Despite Year-On-Year Handle Decline
- Revenue from sports wagering in Washington DC jumped 93.8% year-on-year in October despite a fall in player spending. Gross gaming revenue was $3.1m, comfortably higher than $1.6m in the same month last year but 13.9% down from $3.6m in September of this year.