Industry News of the Day for September 17, 2020

EGR US Power Virtual Summit:

The EGR Power Virtual Summit is today, and iDEA Growth founder Jeff Ifrah will moderate an interactive Q&A with key regulators from some of the fastest growing states in the online gaming market. Check It Out.

 

iDEA Growth Member News:

Overall Industry News:

Federal News:

  • Gambling Compliance, 9.17.20 – Stalled Coronavirus Bill Raises Stakes For Cash-Strapped States (subscription paywall)
    • As the campaign trail beckons in this election year, the U.S. Congress is posed once again to abandon casinos and other industries seeking relief to cope with the devastating impact of coronavirus.
  • US Bets, 9.17.20 – Million-Dollar Memo? IRS Guidance Could Be Costly For DFS Companies
    • In late August, the Internal Revenue Service handed down a memo in which it determined that daily fantasy sports are, in the agency’s determination, equivalent to sports betting, and that as such, daily fantasy operators should be subject to a federal excise tax.

Sports League News:

  • ESPN, 9.16.20 – Big Ten Football To Resume Weekend Of Oct. 24
    • The Big Ten will kick off its football season the weekend of Oct. 24 after the league’s presidents and chancellors unanimously voted to resume competition, citing daily testing capabilities and a stronger confidence in the latest medical information, the conference announced Wednesday morning.

New Jersey:

Pennsylvania:

Delaware:

Washington, D.C.:

Virginia:

Maryland:

Michigan:

Illinois:

Mississippi:

Montana:

Oklahoma:

  • Associated Press, 9.16.20 – Oklahoma Supreme Court Denies Hearing On Tribal Compacts
    • The Oklahoma Supreme Court rejected Gov. Kevin Stitt’s attempt for another hearing regarding the court’s earlier ruling that deemed the state’s tribal gaming compacts with two Native American tribes invalid.

California: