Industry News of the Day for November 29, 2022

By iDEA | November 29, 2022

iDEA Growth Member News

  • PlayMA: DraftKings Q3 Results Lead To Major Swings In Stock
    • DraftKings Sportsbook has had a volatile November in terms of its place on the stock market. DraftKings reported its Q3 earnings earlier this month, and after the numbers were released, the company’s stock tumbled from $15.68 to $11.26. However, since the report was released several weeks ago, the stock has nearly recovered.
  • CDC Gaming Reports: DraftKings Enters Multi-Year Agreement With Churchill Downs For Pari-Mutuel Wagering
    • Placing bets on the Kentucky Derby just got a lot easier. Churchill Downs Tuesday announced that it has reached a multi-year agreement allowing DraftKings’ patrons access to pari-mutuel wagering. The new venture, DK Horse, will feature advance deposit wagering technology provided by Churchill Downs subsidiary Twin Spires.

Industry News

  • PlayUSA: BetMGM Awards Grant To Responsible Gaming Research Organization
    • BetMGM, one of the leading companies in the US online gambling market, has stated that it will donate $180,000 to the International Center for Responsible Gaming (ICRG). The grant was given to support the organization’s research and education on responsible gambling. And with a specific focus on the impact of advertising on problem gambling.

Illinois

  • Gaming Today: Illinois May Allow Pro Teams To Compete for Sports Betting Dollars
    • Illinois sports betting is a big moneymaker. Retail and mobile sportsbooks tied to casinos and tracks have generated more than $1 billion in revenue within two years after the state’s 2020 launch. While Illinois law allows for sportsbooks to be placed at professional sports venues, pro franchises are not on the list of sports betting licensees. Well, not yet, anyway.

 Indiana

  • PlayIndiana: Indiana Casino Revenue Tops $200 Million In October
    • Indiana’s 12 casinos generated $207.6 million of revenue across all forms of gambling in October. That was the eighth time this year that the state managed to pass that $200 million benchmark.

Maryland

  • Sports Handle: Mobile Sports Wagering’s Potential Impact On Maryland Problem Gambling
    • Mobile sports betting launched in Maryland on Wednesday, as seven mobile sportsbook operators went live in the state. The mobile launch also worries those in the responsible gambling community, as easier access to wagering, could increase the number of people in the state with gambling problems.
  • SBC Americas: PlayersBest Launches Betting Comparison Websites In Maryland
    • PlayersBest Inc has been approved to launch in Maryland, helping customers in the Old Line State find the right real-money gambling offers for them. The launch of the gambling comparison website in Maryland coincides with the state’s launch of online sports betting last week on November 23.

Texas

  • Houston Chronicle: Army Of Gambling Lobbyists Descends On Austin As Casinos Seek To Crack Texas Market
    • Even before Gov. Greg Abbott declared in October that he’s willing to consider expanded gaming options in Texas, that industry was trying to improve its odds in the state by doling out massive campaign donations and building an army of lobbyists in preparation for the legislative session that begins in January.
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