Industry News of the Day for November 9, 2021

iDEA Growth Member News: 

• SBC, 11.9.21: Kambi CEO Kristian Nylén: Proud To Be Selected For New York Mobile License 
  • Kambi Group plc, partnering with Rush Street Interactive, has been awarded a 10-year Mobile Sports Wagering Platform license in New York State, with preparations for launch already underway. 
• SBC, 11.9.21: Draftkings Launch Sportsbook At Golden Nugget Casino Lake Charles In Louisiana 
  • DraftKings Inc and Golden Nugget Casino Lake Charles have jointly announced the launch of a new retail sportsbook at Golden Nugget Casino Lake Charles in Louisiana, pending licensure and regulatory approvals. 
• Legal Sports Report, 11.9.21: Which Two Louisiana Sportsbooks Are Ready To Join New Market? (DraftKings mentioned) 
  • Another two retail sportsbooks are on the way for Louisiana sports betting. 
• ESPN, 11.9.21: New York Picks 9 Vendors For Mobile Sports Betting (DraftKings, PointsBet, and FanDuel mentioned) 
  • New York’s gaming commission on Monday picked nine operators, including DraftKings and FanDuel Sportsbook, to offer mobile sports betting, opening up what is anticipated to be a highly lucrative market, possibly in time for the Super Bowl. 
• Forbes, 11.8.21: New York Picks Nine Operators To Launch State’s $1 Billion Sports Betting Market (DraftKings, PointsBet, and FanDuel mentioned) 
  • New York state regulators approved online sports betting licenses for nine operators on Monday, including DraftKings, FanDuel, Resorts World and the online gambling arms of MGM and Wynn. 
• Wall Street Journal, 11.8.21: New York State Gambling Regulators Approve Nine Mobile Sports Betting Operators (DraftKings, PointsBet, and FanDuel mentioned) 
  • New York state gambling regulators approved online sports-betting licenses Monday for nine operators including FanDuel Group, DraftKings Inc. DKNG -4.57% and BetMGM to operate in the new market. 

Overall Industry News: 

• Legal Sports Report, 11.8.21: The Week In Sports Betting News: New York Picking Winners 
  • Happy Monday, folks. Sports betting news does not get much bigger than what’s going down in New York today. 

New York: 

• New York Times, 11.8.21: New Yorkers’ Long Wait for Sports Betting by Phone Is Nearly Over 
  • After years of delays as a booming market emerged in neighboring states, New York formally announced the winners of two licenses for mobile sports betting on Monday, though residents may still have to wait months to gamble from their cellphones. 
• Spectrum News 1, 11.8.21: New York Could See Mobile Sports Betting By The Super Bowl 
  • It’s going to be tight, but if everything works out the way state Sen. Joe Addabbo thinks it will, mobile sports betting will be in place in New York state by the Super Bowl, which takes place on Sunday Feb. 13. 

Maryland: 

• Legal Sports Report, 11.8.21: Maryland Sports Betting ‘Likely’ Pushed Back to New Year 
  • At its meeting last week, the Sports Wagering Application Review Commission did not award retail sports betting licenses to five casinos approved by the Maryland Lottery and Gaming Control Commission. 

Tennessee: 

• Play TN, 11.8.21: 2022 Rulemaking Process Continues For Tennessee Sports Betting 
  • The Rulemaking Committee of Tennessee’s Sports Wagering Advisory Council (SWAC) held a virtual meeting on Friday, Nov. 5 to discuss issues raised during October’s public comment period. 
• Sports Handle, 11.8.21: Stakeholders To New Tennessee Regulator: Dump 10% Hold Requirement 
  • Every stakeholder who offered public comment on the draft rules unequivocally wants the SWAC to do away with Tennessee’s controversial 10% hold rule. The hold is amount of money an operator keeps after a wager is settled. 

California:  

• Sports Handle, 11.8.21: Latest CA Tribal Sports Betting Proposal Now Has Power Behind It 
  • It turns out the San Manuel Band of Mission Indians, one of the biggest and most influential tribes in California, is the might behind the latest gaming proposal in California. 

Ohio: 

• Legal Sports Report, 11.9.21: Negotiations Still Ongoing To Pass Ohio Sports Betting This Year 
  • Sen. Kirk Schuring is always optimistic about sports betting in Ohio, but that tone fell off Monday compared to last week. 

Kentucky:  

• Sports Handle, 11.8.21: Will 2022 Be Kentucky’s Year To Allow Legal Sports Betting? 
  • Adam Koenig, a Republican member of the Kentucky House of Representatives, has spearheaded efforts to legalize sports betting in the Bluegrass State in recent years. He’s done so without much luck. 

Illinois: 

• Sports Handle, 11.8.21: September U.S. Sports Betting Handle Clears $5 Billion As Illinois Adds $596M 
  • The Illinois Gaming Board reported a traditional sports wagering handle for September of $596.5 million Monday, sending the national monthly total over $5 billion for the first time in the post-PASPA era.