Industry News of the Day for November 27, 2023
Industry News
- CDC Gaming Reports: Circa Sports Carving Out Niche In Crowded Betting Landscape
- Circa Sports is gaining success as a niche player in a crowded national sports-betting field, expanding into other states and taking large bets in an industry that has mostly shunned them. The company that bears the name of its flagship Circa Resort & Casino in downtown Las Vegas is taking over the sportsbook operations of the Silverton casino at the far south end of Las Vegas Blvd. on Jan. 1. Circa has three sportsbooks downtown, the Tuscany Suites & Casino just east of the Strip, and The Pass in Henderson; in northern Nevada, it operates at Legends Bay Casino in Sparks.
- Gambling Insider: Gambling Commission Publishes Findings Of New Gambling Survey
- The Gambling Commission has published findings from the experimental phase of its project to improve the way it collects data on adult gambling participation. This is the final stage of a project that began in 2020, which was launched in an effort to change the way it collects adult gambling participation and problem gambling prevalence statistics. The findings are based on a sample of approximately 4,000 respondents, with the data collected between April and May 2023. Some of the findings of this latest survey conducted by the Gambling Commission include the fact that 50% of respondents gambled on any activity in the past four weeks, with participation higher in males than females.
- Medical Xpress: Study Shows Gambling Addiction May Increase Risk Of Long-Term Sick Leave
- Gambling addiction can increase the risk of long-term sick leave for several years, according to a new study published in Psychological Medicine, titled “The risk and development of work disability among individuals with gambling disorder: a longitudinal case-cohort study in Sweden.” Researchers, from Karolinska Institutet point to the need to detect people with gambling addiction in time to avoid financial and health problems. Gambling addiction is a psychiatric condition characterized by prolonged and problematic gambling that leads to negative financial, health and social consequences.
- TheMessenger: Sports Betting In 2023 On Track To Hit $100 Billion
- Americans are racing forward at breakneck speed to lay down an unprecedented $100 billion in sports bets this year as more states move to accommodate online wagering. The American Gaming Association (AGA) earlier this month found that Americans bet more than $24 billion on sports between July and September, up nearly 39% from the same time in 2022. Since January, adults in the U.S. have dropped $79.76 billion on sports gambling, up 23% over the same period in 2022, in part due to some states expanding their regulations on gambling.
Alabama
- PlayUSA: Alabama Lawmakers Say Commission Is Necessary To Curb Illegal Gaming
- Depending on who you ask, recent moves by Alabama lawmakers to create a gaming commission are either meant to bring gambling to Alabama, end illegal gambling, or both. But whichever reason you might think is driving the proposed gaming commission, one of its proponents, Rep. Andy Whitt, believes something needs to change, and fast. “I’ve concluded that it’s simply the wild west in Alabama when it comes to gaming,” Whitt told Alabama Daily News this past summer.
New Jersey
- SBC Americas: Hacksaw Gaming Gains Supplier License In New Jersey
- Hacksaw Gaming has elevated its presence in the US online casino industry, landing a provisional supplier license in New Jersey. Aiming to go live in the Garden State by the end of the year, Hacksaw Gaming has gained further momentum in its US journey after its debut in the country last year. The firm’s first foray onto American soil was in West Virginia, where it gained a full supplier license in 2022. Now, in New Jersey, it is looking to replicate some of the early successes it has already achieved.
Ohio
- Sports Handle: Ohio Sets June 30 Deadline For Sports Betting Operators That Haven’t Started
- Fifteen different entities yet to carry through on state-licensed plans to be involved in offering Ohio sports betting have been granted a reprieve until June 30 to do so. After that, they could have their licenses revoked by the Ohio Casino Control Commission if they don’t launch. That’s the result of a vote taken by the commission last week to extend a year-long deadline given to licensees to begin their operations, according to commission spokeswoman Jessica Franks. In most cases, the original deadline for startup would have been Jan. 1, 2024 — one year from the date when legal sports betting began in the state.