Industry News of the Day for October 7, 2020

iDEA Growth Member News:

• Gambling Compliance, 10.7.20 – DraftKings Reloads Marketing War Chest, Seeks Tribal Partnerships (subscription paywall)
  • DraftKings is continuing to reload its war chest with another stock offering to raise almost $1bn after a third quarter that required a $200m marketing spend.

Industry News:

• iGB North America, 10.7.20 – Record Betting Figures Boost US Gaming Performance In August
  • The US gambling industry saw a fourth consecutive month of sequential growth in August as the return of sport generated record betting handle.
• SBC Americas, 10.7.20 – AGA August Tracker Sees Fourth Straight Month Of US Gaming Recovery
  • The American Gaming Association has recorded a positive travel of direction in its August Commercial Gaming Revenue Tracker report which documents the ongoing health status of the US gaming sector.
• PlayUSA, 10.6.20 – PlayUSA Rewind: Caesars Agrees To Massive Takeover Of William Hill
  • The NFL has long been and will long be the center of the legalized sports betting universe. Even in a year with special scheduling (the NBA Finals in October, the Masters in November, etc.), the NFL still captures the spotlight.
• Gambling.Com, 10.6.20 – Voters In Maryland, Nebraska Can Make Up Their Own Minds On Gambling
  • Among the several states where gambling is on the ballot Nov. 3, Maryland and Nebraska are two of them.

Overall Industry News:

• Yogonet, 10.7.20 – NCPG’s National Conference On Gambling Addiction And Responsible Gambling To Be Held Online
  • The National Conference on Gambling Addiction and Responsible Gambling, organized by the National Council on Problem Gambling, will be held only online with dates in November and December.
• Online Poker Report, 10.6.20 – MGM Enters Into US Online Casino Content Deal With Las Vegas Slots Developer
  • MGM Resorts International announced on Tuesday a deal with Las Vegas-based slots developer AGS.

Federal News:

• Gambling Compliance, 10.7.20 – US Supreme Court Nomination Raises Red Flag For Indian Gaming (subscription paywall)
  • Almost two-and-a-half years after handling the gambling industry perhaps its most important legal victory ever, the U.S. Supreme Court is on the verge of adding a new justice whose record could be problematic for Indian gaming.

New Jersey:

• Online Poker Report, 10.6.20 – William Hill Plunges Ahead With Casino Plans In NJ Following Caesars Deal
  • William Hill quietly added a casino tab to its NJ sportsbook app last week. There was no formal announcement of the launch, news of which was broken by PlayNJ.

Pennsylvania:

• Penn Bets, 10.6.20 – While Michigan Advances Interstate Online Poker Bill, PA Rounders Still Playing Waiting Game
  • Online poker players in Pennsylvania would be hard pressed to find a sympathetic ear if they were to complain about their options.

Virginia:

• WUSA9, 10.6.20 – Sports Betting Permit Applications In VA Begin Soon, Possibly Enticing Washington Football Team To Build New Stadium
  • Those places awarded permits by Virginia will reportedly only be given to major league sporting venues and casinos.

Maryland:

• WJLA, 10.6.20 – Sports Betting In Md.? Question 2 On Ballot Stirs Debate On What It Could Mean For State
  • In Maryland, sports betting remains illegal, much to the frustration of gamblers like Reno Stevens from Prince George’s County, who told 7 On Your Side while waiting in line to place a bet, “Sometimes these lines are an hour and a half waiting and we could be doing the same thing across the bridge.”

Illinois:

• Sports Handle, 10.6.20 – Illinois Sports Betting Handle Surges To Nearly $140M In August
  • The state of Illinois began to flex its sports betting muscles in August, with its six retail sportsbooks and three online platforms generating a combined handle of nearly $140 million according to the Illinois Gaming Board.
• Legal Sports Report, 10.6.20 – Illinois Sports Betting August Market Leader Exactly Who You Would Expect
  • The jump BetRivers enjoyed on mobile sports betting in Illinois certainly paid off in August.
• PlayIllinois, 10.6.20 – BetRivers Dominates Illinois Sports Betting August Revenue Report
  • Illinois’ second set of revenue numbers are out, and it’s safe to say that sports betting is a hit in the Land of Lincoln.

Oklahoma:

• Online Poker Report, 10.6.20 – Oklahoma’s Tribal Gaming Dispute Is Reaching the Boiling Point
  • An escalating legal conflict in Oklahoma has the potential to blow up into a federal battle with ramifications for the tribal gaming industry nationwide.