Industry News of the Day for September 16, 2022

By iDEA | September 16, 2022

iDEA Growth and GeoComply present the 2022 Power Lunch Summit – September 20, 21 & 22

In this 3-part online gaming and sports betting webinar series, panelists will discuss the battle against illegal online gambling sites, what states looking to legalize online gaming can learn from states that already have, and what M&A activity may look like for the industry in the year to come.

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Industry News of the Day

  • Sports Handle, 9.16.22 – Responsible Gambling: A Moving Target In A Mobile World
    • At Thursday afternoon’s “State of Responsibility & Player Protection” webinar sponsored by the American Gaming Association, Mark Vander Linden, the director of research and responsible gaming for the Massachusetts Gaming Commission, recalled hearing someone at a recent conference say, “Responsible gaming used to be easy.”
  • Legal Sports Report, 9.16.22 – Business By The Books: Will More States Limit Sports Betting Promos?
    • Deducting promotional spending from taxable revenue evolved this year into something that comes up every time a sports betting bill is discussed.
  • SBC Americas, 9.15.22 – Bob Chapek walks back ESPN sportsbook talk
    • In a Thursday interview with CNBC, Disney CEO Bob Chapek clarified his remarks about ESPN operating its own sportsbook. The comments from D23 sent some mixed signals around just how much Disney and its sports vertical ESPN would be involved with sports betting. Chapek’s words hinted that perhaps an ESPN sportsbook was already in the works.
  • Legal Sports Report, 9.15.22 – Disney CEO Continues To Create Confusion About ESPN’s Sports Betting Plans
    • Disney CEO Bob Chapek continues talking in circles about ESPN’s sports betting plans, confusing everyone in the process.

California

Delaware

  • iGB, 9.16.22 – Delaware breaks igaming record again in August
    • Delaware set a new igaming revenue record for the second consecutive month in August, while handle for the state’s sports betting market also increased month-on-month. Revenue from igaming reached $1.30m in August, up 37.2% from $945,512 in the same month last year and marginally higher than the previous record of $1.25m that was set in July this this year.

Illinois

  • Sports Handle, 9.15.22 – Illinois Reaches $1 Billion Sports Wagering Revenue Milestone
    • Illinois became the fourth state to surpass $1 billion in sports wagering operator revenue when Illinois Gaming Board Administrator Marcus Fruchter announced Thursday the state’s top-line numbers for July during the state agency meeting.

Iowa

Louisiana

  • iGB, 9.16.22 – Louisiana halts five-month consecutive online sports betting handle decline in August
    • Consumers in Louisiana spent $112.1m wagering on sports online during August, halting a five-month consecutive decline in handle that began in March. Online wagers were 8.5% higher than $103.3m in July, but the August total was the second lowest full monthly amount since the state opened its regulated internet betting market in January of this year.

Massachusetts

  • Sports Handle, 9.15.22 – Mass Mixup? Law Could Allow Operators To Launch, Then Force Them To Shutter
    • When the Massachusetts General Court extended its session to legalize sports betting in August, it left the state gaming commission with a major conundrum. According to the text of the law, the Massachusetts Gaming Commission can issue up to seven stand-alone digital sports wagering licenses. But the law does not cap the number of temporary digital licenses it may award. The MGC is therefore concerned about the possibility of issuing well over seven temporary licenses and then having to alert some operators that they would have to shutter.
  • Legal Sports Report, 9.15.22 – Is Slow Massachusetts Sports Betting Rollout Because Of Mistake In Legislation?
    • The Massachusetts legislature may not have crossed all the t’s and dotted all the i’s in the MA sports betting bill. HB 5164, put no cap on the number of temporary licenses that can be handed out and there is a very low bar to qualify. That is the main reason why there is still no timeline for when Massachusetts sportsbooks may launch, commissioners explained at Thursday’s meeting.
  • Gaming Today, 9.15.22 – Massachusetts Sports Betting Hits Temporary Licensing Snag
    • Massachusetts has the ability to get sports betting up and running at a faster pace under temporary licensing. But state gaming regulators first need to know how many temporary licenses they can issue – specifically when it comes to untethered mobile sports betting apps.

New York

  • Play NY, 9.16.22 – With NFL Back In Action, NY Sports Betting Sees Big Spike In Weekly Handle
    • One weekend of NFL action makes all the difference. About $87 million worth of a difference. According to data released by the New York State Gaming Commission on Thursday, online sports betting in New York generated nearly $330 million in handle for the week ending Sept. 11, which included Thursday Night Football and the season’s first full slate of Sunday games.

Ohio

Tennessee

  • Sports Handle, 9.16.22 – Tennessee Sports Wagering Operators Rout Public In August
    • Tennessee‘s 13 digital sportsbooks administered a historic pounding to bettors in the month of August in posting a 13.2% win rate, according to figures released late Thursday by the state’s Sports Wagering Advisory Council.
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