Industry News of the Day for November 9, 2022
- Legal Sports Report: Opinion: Does Wire Act Still Serve A Purpose In Regulating Sports Betting?
- Prohibitions on vice products have tended not to work and the Wire Act is no exception. Nonetheless, like the federal marijuana laws that remain in spite of widespread legal and medical marijuana, federal laws like the Wire Act continue to hang over the sports gambling market, both regulated and unregulated.
- CDC Gaming Reports: Gaming revenue sets quarterly record, on pace to exceed 2021: AGA report
- For the second consecutive quarter, gaming revenue set a record, generating $15.17 billion. The third quarter total surpasses the $14.81 billion in the second quarter of 2022 by 2%.
- PlayCA: California Sports Betting Props Voted Down On Election Day
- t’s official: Legal sports betting won’t be coming to California anytime soon. As predicted, voters rejected both California sports betting propositions at the ballot box on Election Day. And Proposition 26 and Proposition 27 weren’t just beaten. They were crushed.
- Orange County Register: Sports gambling will be back on the ballot, and soon
- Sports gambling lost, and badly. But not to worry, would-be online gamblers and folks who want to lay wagers in Indian casinos or racetracks: Sports gambling will be back on the ballot soon.
- PlayIndiana: Indiana Online Casino Advocates Win Reelection
- Indiana’s pro-gambling lawmakers were reelected during Nov. 8’s election. That bodes well for the state’s future chances at gambling expansion. Those lawmakers will take another swing at legalizing Indiana online casinos next year. In other words, their reelection is good news for Hoosiers that like to gamble.
- Maryland Sharp: Maryland Casinos Bring In Record $212.9 Million In Gaming Revenue During October
- October was a record month for Maryland casinos. The Maryland Lottery and Gaming Control Commission (MLGCC) announced that the six retail casinos brought in combined revenue of $212.9 million.
- MassLive: Massachusetts Sports betting timeline for simulcasting centers up for discussion Thursday
- State gaming regulators could provide more insight on the rollout of sports betting at the state’s two simulcasting facilities during a Thursday meeting where they have also outlined what could be hours of work on regulations needed to stand up the new industry.