Industry News of the Day for November 9, 2020

iDEA Growth Member News:

• The Washington Post, 11.9.20 – Golf Bet Big On Legalized Sports Gambling. It’s Paying Off (DraftKings)
  • On the sacred, storied grounds of Augusta National this week, the Masters will be played with darker foliage, no fans and an omnipresent logo that will get plenty of TV time, further highlighting golf’s headfirst dive into the sports gambling business.
• SBC Americas, 11.9.20 – Amelco And Sportradar Partner Up In Tennessee With Action247
  • Sports betting software firm Amelco has partnered with Sportradar, the global provider of sports betting and sports entertainment products and services, to deliver a full platform and managed trading services (MTS) solution to online Tennessee operator Action247.

Industry News:

• Sports Handle, 11.7.20 – Get A Grip: Six States Approve Gambling Measures; DraftKings-Whale Dustup; 2020 Election; And More
  • Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key stories.

Overall Industry News:

• Gambling Compliance, 11.9.20 – US Casinos Face Operating Cutbacks, But Avoid Coronavirus Closures (subscription paywall)
  • As coronavirus cases in the U.S. continued to reach new heights, several states have implemented new restrictions on their casinos, but so far the gaming industry has avoided a second shutdown.
• Legal Sports Report, 11.6.20 – Wynn Invests $80 Million In US Sports Betting Business Via BetBull
  • Wynn Resorts has invested $80 million into a new joint venture to tackle US online sports betting and gaming.
• The Action Network, 11.6.20 – How Land-Based Casino Ballot Measures Could Shape Sports Betting
  • Voters in Nebraska and Virginia overwhelmingly approved ballot measures that will expand casino gaming options in their respective states.

Federal News:

• Gambling Compliance, 11.9.20 – President-Elect Biden Likely To Dump Trump’s Wire Act Appeal (subscription paywall)
  • The new U.S. attorney general who will be chosen by President-elect Joe Biden to run the U.S. Department of Justice (DOJ) is almost certain to abandon an appeal in federal court to enforce a Trump administration opinion that threatens the future of internet lotteries and mobile gambling.

Washington, D.C.:

• Gaming Intelligence, 11.9.20 – DC Lottery Hits Record Sports Betting Wagers In October (subscription paywall)
  • Washington, D.C.’s regulated sports betting market hit a new high in October as total wagers reached $4.2m during the month.

Tennessee:

• PlayTenn, 11.6.20 – How Did The Fist Week Of Sports Betting Go In Tennessee?
  • Tennessee sports betting charted an impressive launch this week.
• PlayUSA, 11.6.20 – BetMGM Sportsbook Launches In Tennessee: Questions And Answers
  • As of Nov. 1, the BetMGM Sportsbook was one of the few ready for the launch Tennesee sports betting. Now that everything is up and running, residents of and visitors to the Volunteer State are likely interested in wagering with the book online.

Michigan:

• PlayMichigan, 11.6.20 – In Northwest Michigan, Sports Betting Expected To Blossom Into Big Business
  • Northwest Michigan is known for a lot of things, but sports wagering is not one of them. Not yet, anyway.

Iowa:

• iGB North America, 11.9.20 – Iowa Sports Betting Revenue Up 60.8% In October
  • The Iowa Racing and Gaming Commission revealed that sports betting revenue rose 60.8% year-on-year in October, aided by strong growth in online handle for the month.
• Associated Press, 11.8.20 – Nebraska Casinos May Hurt Iowa Gambling Industry
  • Iowa casino officials worry they will lose business when several Nebraska casinos open because voters in that state approved gambling.
• PlayIA, 11.6.20 – Pointsbet Sportsbook App Now Live In Iowa; Casino To Host Event During Hawkeye Game
  • Sports bettors in southeastern Iowa are catching up with the times. Along with the in-person registration requirement expiring at the end of the year, Iowa bettors have access to the PointsBet Sportsbook app.

Louisiana:

• The Advocate, 11.8.20 – Sports Betting Widely Embraced, But Louisiana Might Get ‘Relatively Small’ Take From Legalization
  • While nearly two out of three Louisiana voters backed sports betting on Election Day, the money raised for state services will likely be well short of a jackpot.
• NOLA.Com, 11.6.20 – Voters Approve Sports Wagering, But The Over/Under On Betting In Louisiana Is At Least A Year
  • Sports wagering won overwhelming support from voters in most Louisiana parishes in a “local option” referendum on Nov. 3, but it likely will take at least a year (maybe longer) for state lawmakers and regulators to make it happen. Among the decisions legislators must make:

Colorado:

• PlayColorado, 11.6.20 – 3… 2 … 1 … Liftoff: Look For These 3 Apps To Launch In CO Next
  • The state of Colorado is on pins and needles. This is about the next Colorado betting apps to launch.

Nevada:

• Las Vegas Sun, 11.9.20 – Industry Insiders Say Spread Of Sports Betting Benefits Las Vegas
  • More than half the country could have legal sports betting by the end of 2021, less than three years after a U.S. Supreme Court ruling cleared the way for all 50 states to adopt it. And that’s great news for Nevada.