Industry News of the Day for November 8, 2019
iDEA Growth Member News:
- Gambling Compliance, 11.8.19 – Flutter, Stars Revenue Surges Ahead Of Merger (subscription paywall)
- Analysts on Thursday remained upbeat about the mega-merger of Flutter Entertainment and The Stars Group after both gaming operators reported strong increases in profit.
- Play Pennsylvania, 11.7.19 – Unibet Sportsbook And Casino Debuting Nov. 12 With A Massive Library Of Games
- The Unibet Sportsbook app is launching in Pennsylvania just in time for the Philadelphia Eagles game against the New England Patriots.
Industry News:
- US Bets, 11.7.19 – S. Lottery Leaders Make The Case For Their Role In Sports Betting, Too
- The fact that state lotteries across the U.S. seem to be making a stronger-than-expected play for market share in the burgeoning legal, regulated sports business industry has been met with surprise by some casino and other gaming executives.
New Jersey:
- Associated Press, 11.7.19 – New Jersey Casinos Taking Bets On Video Tournament Industry
- New Jersey’s casinos and racetracks are now taking bets on competitive video game tournaments, looking to expand the state’s fast-growing sports betting industry to the $1 billion video tournament market.
- NJ Online Gambling, 11.7.19 – New Jersey Sportsbooks Receive OK To Take Bets On E-Sports Event
- For the first time in New Jersey, licensed sportsbook operators have been given explicit permission to take bets on an esports event.
Colorado:
- Sports Handle, 11.7.19 – ‘Horrible’ Wording, Little Campaigning Almost Cost Colorado Legal Sports Betting
- While national polls show strong support for sports betting legalization in general, lawmakers from Colorado to New Hampshire learned on Tuesday that sending related initiatives to the voters is no sure thing.
- Bloomberg, 11.7.19 – Colorado Doubles Down On Sin Taxes With Sports Betting
- Colorado will become third state to collect taxes on both sports wagers and recreational marijuana.
- KOAA, 11.7.19 – Wildwood Casino Talks Plans Following Approval Of Prop DD To Legalize Sports Gambling
- Voters barely approved legalizing sports gambling in Colorado on Tuesday.
Illinois:
- Legal Sports Report, 11.7.19 – Game On For Illinois Sports Betting? License Applications Will Be Available Next Month
- Illinois sports betting will take the next step in December when casinos, racetracks and stadiums should be able to apply for licenses.
- Chicago Sun-Times, 11.7.19 – Illinois Sportsbooks To Get License Applications In Next Six Weeks – But Still No Timetable For Launch
- State gambling regulators expect to release license applications for potential sports betting operators next month, marking the first major step toward launching the industry in Illinois since it was legalized over the summer.
Ohio:
- Gambling Compliance, 11.8.19 – Ohio Colleges Pushing For Exclusion From Sports-Betting Bill (subscription paywall)
- Ohio colleges and universities are pushing heavily for restrictions that could prohibit betting on schools in the state, or even the entire college sports field.
West Virginia:
- Play WV, 11.7.19 – Oops, It Did It Again: Another Record-Setting Week For WV Sports
- One week after seeing their overall betting handle drop $1 million, West Virginia sportsbooks bounced back with their best week ever. For the week of Oct. 26, sportsbooks in the Mountain State took in close to $8 million in wagers.
Missouri:
- Gambling Compliance, 11.8.19 – S. Leagues Run Into Pushback In Missouri Over Integrity Fee (subscription paywall)
- Members of a Missouri House committee laying the groundwork for sports-betting legislation in 2020 voiced reluctance on Thursday to include an integrity fee for the nation’s professional sports leagues.
- Fox 2 Now, 11.8.19 – Could Sports Betting Become Legal In Missouri?
- Legal sports betting could be coming to the state of Missouri. At the state capitol on Thursday, the Interim House Committee on Gaming hosted major league sports officials to talk about the industry.
Sports League News:
- Associated Press, 11.7.19 – Column: NFL Riding Wave Of Sports Betting
- The sports betting effect is already showing in the NFL, with league TV ratings up 5% last year and up again this year — all at a time where TV ratings are on the decline elsewhere.