Industry News of the Day for October 28, 2022
iDEA Growth Member News
- SBC Americas: Kindred: Positive contributions from North American operations by 2026
- During Kindred’s Q3 investors call, CEO Henrik Tjärnström dived further into the operator’s current position in the North American market, stating that he expects profitability to occur for the company in the region by 2026.
Industry News
- SBC Americas: BetMakers praises North American market progress in Q1 FY23 report
- BetMakers has praised the progress it has made in the North American market in the first quarter of its fiscal year 2023 (Q3 2022). The sportsbook platform provider highlighted the fixed-odds betting on thoroughbred horse racing in New Jersey, but its expanded adaption has been slower than expected.
Georgia
- PlayGeorgia.com: Recent Poll Shows Georgia Wants More Legal Gambling
- The ‘political football’ is a little more literal this election cycle. Georgia sports gambling is playing a prominent role in the midterm elections. Both gubernatorial candidates Brian Kemp and Stacey Abrams have staked out inverse positions, with the latter making gambling legalization a pillar of her economics pitch to Georgians.
Iowa
- PR Newswire: Superbook Launches Sports Betting In Iowa
- SuperBook Sports, a highly respected sports wagering company based in Las Vegas, is now live in the Hawkeye State. Sports bettors in Iowa can download the SuperBook Sports Iowa app or visit ia.SuperBook.com and start wagering on their favorite sports and teams today.
Maryland
- PlayUSA: Maryland Online Sports Betting Takes Big Step Forward
- A Thursday meeting of the Maryland Lottery and Gaming Control Commission (MLGCC) represented the culmination of months of work and anticipation for many parties. During the meeting, the commissioners nearly unanimously recommended several Maryland sports betting licenses for multiple applicants.
Massachusetts
- Boston Herald: DraftKings’ request for simultaneous sports betting launch rejected by Massachusetts Gaming Commission
- The gaming board has rejected a request by DraftKings that they reconsider their vote to stagger the launch of live and mobile sports betting, despite being told it’s not a good policy choice.
Michigan
- Michigan Sharp: Will Michigan Experiment With Retail-to-Online Crossover Lottery Products?
- Michigan Lottery instant games represent half of the lottery’s $5 billion annual revenue. Plus, iLottery Instants are the top online lottery games, generating $242 million. That represents an exciting opportunity for innovative crossover products.
New York
- Sports Handle: New York Betting Handle Reaches Highest Point Since March Madness
- New York’s fall recovery from a relatively sluggish summer of sports betting hit a new high point last week. The nine licensed mobile sportsbooks in the state took $365.7 million in bets during the week ending Oct. 23.
- PlayNY: Critics Blast Gov. Hochul For State Budget Deal To Pay For New Buffalo Bills Stadium
- Gov. Kathy Hochul stood by her move to help fund a new stadium for the Buffalo Bills. During the gubernatorial debate earlier this week, Hochul called the Bills a staple in Western New York. As such, the decision to funnel $650 million of taxpayer dollars toward the stadium project would ensure the team does not relocate.
Ohio
- PlayOhio: Cleveland Cavaliers Moving Ahead With Caesars Retail Sportsbook Despite Losing Fubo
- The Cleveland Cavaliers are the Ohio professional sports team that will not launch an online sportsbook in January, but the plans for a Caesars-branded retail sportsbook at Rocket Fieldhouse are still moving forward.