Industry News of the Day for November 25, 2019

iDEA Growth in the News:

• Business Matters Magazine, 11.23.19 – Issues With Online Gambling Continue In The US (J. Ifrah mentioned as iDEA Growth founder)
  • The United States has long been known as a country with prohibitively strict online gambling laws despite the notoriety of its famous casino centers like Las Vegas and Atlantic City.

iDEA Growth Member News:

• Sports Handle, 11.22.19 – DraftKings On Cusp Of Exclusivity In New Hampshire
  • Though sports betting stakeholders regularly tout the idea that having an open, competitive marketplace is the best way to maximize revenue — both for themselves and the states they are operating in — it appears that New Hampshire will have just the opposite.
• US Bets, 11.22.19 – Where Legal Sports Betting Goes, A Rush Of TV Ads Is Sure To Follow (DraftKings)
  • When sportsbooks open in newly legalized states, one thing follows as surely as the posed, ensemble end zone gathering that comes after every NFL touchdown scored by the defensive unit: the ubiquitous TV advertising promoting the new betting and brands by reaching out to viewers of sporting events, sports information shows, and other broadcasts.

Industry News:

• Gambling Compliance, 11.25.19 – Overlooked Sports-Betting Case Could Unseal Records Of U.S. Leagues (subscription paywall)
  • Although it has received little attention so far, another sports-betting case could prove to be almost as vexing for the nation’s sports leagues as the historic U.S. Supreme Court decision in May 2018 that permits states to legalize and regulate wagers on games.
• Legal Sports Report, 11.25.19 – The Week In Sports Betting News: C(G) What William Hill Did There?
  • Happy Monday, everyone. Last week was particularly busy for sports betting news so let’s jump in and recap the biggest developments.
• Sports Handle, 11.22.19 – Get A Grip: The Week In Sports Betting: TN Releases Regs, Names Chief
  • Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories and rounding up key stories in sports betting, gaming, and the world of sports at large.

New Jersey:

• Online Poker Report, 11.25.19 – Six Lessons From Six Successful Years Of Online Gambling In New Jersey
  • Just over six years ago, American history was made. Last Thursday, November 21 marked the six-year anniversary of the synchronized launch of legal online gambling in New Jersey.

Kentucky:

• Associated Press, 11.23.19 – Democrat Beshear Looking For Ways To Bridge Partisan Divide
  • Preparing for his first encounters with an overwhelmingly Republican legislature as Kentucky’s next chief executive, Democratic Gov.-elect Andy Beshear is looking for ways to bridge the partisan divide. Beshear said he’s been talking to lawmakers about his push to legalize casino gambling — another promise from the campaign trail, where he recommended that all the revenue go to shore up public pension systems.

West Virginia:

• Play WV, 11.22.19 – West Virginia Online Sports Betting Handle Surpasses Retail Handle For First Time
  • The West Virginia sports betting market is finally hitting its full potential. Since online sports betting apps have become available in the Mountain State, bettors have been very active.

California:

• Las Vegas Review-Journal, 11.24.19 – Would Competition From California Sportsbooks Hurt Nevada?
  • If California were to legalize sports wagering, Nevada sportsbooks would get crushed by the competition, right? Not necessarily.

Tennessee:

• Gambling Compliance, 11.25.19 – Tennessee Draft Regs Continue Strong European Influence On Sports Betting (subscription paywall)
  • Tennessee’s online sports betting legislation enacted this summer created the first European-style open licensing model in the U.S., and draft regulations released Friday show further European influence on the state’s regime.

Indiana:

• South Bend Tribune, 11.24.19 – Sports Betting Takes Off In Indiana, With Almost $127 Million Wagered
  • Including all of the sportsbook locations throughout Indiana, more than $126.9 million has been wagered in just two months, and the state already has taken in roughly $1.9 million in taxes for its general fund.

Oregon:

• The Bulletin, 11.23.19 – Editorial: Legislature Should Debate Oregon Plan For Sports Betting
  • On the Oregon Lottery’s new phone app, people can bet as much as $250,000 in one day. Some legislators want to debate that number and other aspects of the new Oregon sports betting app.

Florida:

• WTSP, 11.22.19 – Bill Would Make Sports Gambling Legal In Florida
  • A bill proposed by Sen. Jeff Brandes of St. Pete would make that and potentially other methods of sports gambling legal in Florida.

Ohio:

• US Bets, 11.22.19 – Ohio Sports Betting Bills Likely To Be Reconciled In Conference Committee Stage, Lawmaker Says
  • It appears the differences between competing sports betting bills in Ohio wouldn’t be settled until the tail end of the legislative process. Ohio Rep. Dave Greenspan, a Republican from Northeast Ohio, offered cautious optimism Thursday that sports betting could be legal in Ohio at some point during 2020.

Wyoming:

• Casper Star-Tribune, 11.23.19 – Barron: Wyoming’s “Frosty” Position On Sports Betting
  • Wyoming is one of only seven states that has no law or bill pending to legalize sports gaming, although plenty goes on under the radar.