Industry News of the Day for October 22, 2020

LEAD1 Virtual Forum:

Next Tuesday, the LEAD1 virtual forum titled, “A Whole New Ballgame: Implications of Legalized Sports Betting for College Athletics,” will debate the surrounding issues with respect to legalized sports gambling including the current legislative landscape, ancillary regulatory issues, mobile betting, sports betting partnerships on campuses, the evolution of professional sports leagues on the issue, the impact of COVID-19, and more. Join us, October 27th!

iDEA Growth Member News:

Overall Industry News:

  • iGB North America, 10.22.20 – Mainstream Media’s Big Bet
    • Recent months have seen a wave of media outlets pairing up with betting operators, as the US becomes more familiar and comfortable with legal wagering, and the bookies look to tap into potentially lucrative acquisition channels.
  • Legal Sports Report, 10.21.20 – The Hurdles In Front Of William Hill Acquisition By Caesars
    • Caesars bid to acquire William Hill was announced last month to much fanfare, but there’s some evidence Hill shareholders might not accept the offer.

Federal News:

  • Gambling Compliance, 10.22.20 – IRS Says Daily Fantasy Sports Dues Count As Gambling Expenses (subscription paywall)
    • A U.S. Internal Revenue Service (IRS) memorandum published last week confirmed that the fees players pay to participate in daily fantasy sports (DFS) contests are gambling expenses, akin to wagers on horse races or poker.

New Jersey:


Washington, D.C.:



South Dakota: