Industry News of the Day for October 20, 2022

By iDEA | October 20, 2022

iDEA Growth Member News

  • Derek Helling for PlayUSA.com: FanDuel Approved For New Ohio Sports Betting Market
    • If FanDuel Sportsbook Ohio eventually becomes the leading online sports betting provider in the state, the path to that outcome will have begun on Wednesday morning. The Ohio Casino Control Commission (OCCC) approved a sportsbook license for the company on Wednesday.
  • From Business Wire: Sightline Secures Strategic Investment from J.P. Morgan
    • Sightline Payments, a leading FinTech specializing in payments technology for the regulated gaming industry, today announced the completion of a funding round following a strategic investment from J.P. Morgan Payments.

Industry News

  • Conor Porter for SBC Americas: AGA: August commercial gaming revenue grows by 10% YoY
    • The American Gaming Association (AGA) has updated its Commercial Gaming Revenue Tracker with data tracked throughout August, revealing that gaming achieved a 10% yearly revenue increase during the month despite difficult macroeconomic conditions.
  • Nicholaus Garcia for PlayUSA.com: Boyd Gaming Juggling Multiple Casino Projects
    • A new casino in Henderson, Nevada, could be on the way sooner rather than later, thanks to Boyd Gaming‘s business plans. In Louisiana, Boyd’s prospects for the future are more material than mere words on a page.

Illinois

  • Dave Briggs for PlayIllinois: Illinois Sportsbooks Rank 2nd In The USA, Surpass $1 Billion In Online Bets
    • The incredible growth of the Illinois sports betting industry continues unabated. Illinois is now the second-biggest sports betting market in the United States, surpassing New Jersey. That’s based on figures for August released today by the Illinois Gaming Board.

Massachusetts

  • Rebecca Hanchett for Gaming Today: List of Mass Sports Betting Operators Hopefuls Includes an Underdog (or Two)
    • New York-based Underdog Sports Wagering and Nigeria-based Easywin are among 23 mobile sports betting operators that made an Oct. 17 deadline to submit required company information to the Massachusetts Gaming Commission (MGC) as part of the agency’s sports betting licensing application process.

Mississippi

  • Rob Fletcher for iGB North America: Mississippi reveals year-on-year sports betting handle decline in September
    • Player spending on sports betting in Mississippi fell 21.4% year-on-year during September, though revenue in the US state remained level. Wagering handle for the month amounted to $43.1m, down from $54.8m in September 2021, but more than double the $21.2m spent by consumers in August of this year.

Nebraska

  • Jill R. Dorson for SportsHandle: Nebraska Regulators Say Wagering Menu Will Be Diverse But Won’t Include Mobile
    • Nearly two years after voters approved “games of chance” in Nebraska, the state’s racing and gaming commission is set on Friday to approve regulations for retail sports betting. When voters said yes to an expansion of gaming in November 2020, it was unclear if sports betting would be in the mix, but six months later, lawmakers agreed to include it.

New York

Ohio

  • Matthew Waters for Legal Sports Report: Cavaliers Likely To Miss Ohio Sports Betting Start After Fubo Shutters
    • The Cleveland Cavaliers most likely will get a late start to the online Ohio sports betting market after its partner shut down its sportsbook this week. FuboTV decided to shut down its sports betting business immediately Monday following a strategic review.

West Virginia

  • Charlie Passut for US Gaming Review: WV Will Join Multi-State Poker Compact if Operator Asks
    • West Virginia would apply to join a multi-state agreement for online poker and casino gaming if one of its operators told the state that it wanted to offer multi-state poker, an official with the state gaming regulator told US Gaming Review in an exclusive.

 

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