Industry News of the Day for October 21, 2020

iDEA Growth Member News:

Industry News:

Overall Industry News:

  • Gambling Compliance, 10.21.20 – Tribal Casinos Suffer Wave Of Cyber Attacks (subscription paywall)
    • The fact that cyber criminals recently targeted and closed four tribal casinos should have significant implications for the industry, the former chairman of the National Indian Gaming Commission (NIGC) warned on Tuesday.

Federal News:

  • US Bets, 10.20.20 – DFS Players, Operators Brace For Impact Of Latest IRS Tax Ruling
    • Building on a July 23 memorandum that declared daily fantasy sports (DFS) to be a form of gambling and thus subject to a federal tax, last Friday the IRS published another memo, dated Sept. 14, that confirmed “The amount paid by a daily fantasy sports player to participate in a daily fantasy sports contest constitutes an amount paid for a wagering transaction” under Section 165(d).

Sports League News:

  • iGB North America, 10.20.20 – NBA To Launch New Lottery Game With EquiLottery
    • Sports lottery games developer EquiLottery Games has brokered a deal with the National Basketball Association (NBA) to launch a new officially licensed game based on the outcome of the league’s matches.


New York:

  • Yahoo! Sports, 10.21.20 – NY Eyes Mobile Betting By Super Bowl As NJ Sets Wagering Records
    • New Jersey reported record sports wagering volume for a second consecutive month in September, with operators retaining $45.1 million. By comparison, New York experienced a -38.5% YoY decline in sports betting revenue (with operators earning just $1.4 million).


Washington, D.C.:

  • Sports Handle, 10.21.20 – C.’s First Independent Sportsbook Prepping For Opening As Neighbors Resist
    • Shane August is finally on the cusp of opening the first independently owned retail sportsbook in the United States, but he’s got one more hurdle to get over — convincing his new neighbors that Las Vegas-style sportsbook won’t be the “wild, wild West and alleyways.”


  • Richmond Times-Dispatch, 10.20.20 – Virginia Lottery Sales Surge, As Gaming Options Multiply
    • The Virginia Lottery is off to a fast start in the race for sales and profits in an unprecedented era of expansion for legal gaming opportunities in a state that traditionally had discouraged them.