Industry News of the Day for September 18, 2023

By iDEA | September 18, 2023

Industry News

  • Legal Sports Report: Analysis: What To Watch For During NFL Betting Season In The US
    • Like a holiday that lasts half the year, NFL betting season is back in the United States. NFL betting kicked off last week, ushering in a six-month stretch of nonstop sports and gambling opportunities that will rise to an unprecedented level this year. NCAA college football is also underway, with basketball and hockey ready to arrive at the end of the baseball season.
  • PlayUSA: Snapchat Deal Helps Genius Sports Recoup NFL Official Data Investment
    • Genius Sports’ acquisition of the NFL’s exclusive official data provider title wasn’t cheap. Thus, every way in which Genius Sports can bring in revenue using that title helps lessen the burden and brings the company closer to profitability. Genius recently announced a new partnership with Snap, the company that operates the Snapchat social media platform.
  • Front Office Sports: The Newcomers That Want To Upend FanDuel’s And DraftKings’s Sports Betting Duopoly
    • The 2023 NFL regular season began with a flourish that reinforced the league’s status as a massive American cultural force — and its dominance has also extended to betting. Already carrying heady projections for NFL betting activity that would shatter all prior records, U.S. sportsbooks recorded more than 242 million geolocation transactions over the league’s first week.

Colorado

  • SBC Americas: Colorado Regulator Launches Sports Betting Self-Exclusion Program
    • The Colorado Division of Gaming (DofG) has launched an official state self-exclusion program for the sports betting marketplace. Launched during Responsible Gambling Education Month, the Division of Gaming’s self-exclusion program will allow bettors to take time out from betting if they feel like their activity is becoming problematic.

Delaware

  • iGB North America: Delaware Igaming Spend Down Again In August
    • Delaware players wagered $32.4m on igaming during the month. This was 12.0% lower than $36.8m in August 2022 and 11.0% down from $36.4m in July. The figure was also the lowest monthly total since $31.9m was bet in May last year. Video lottery drew $23.3m of all bets in August and table games $9.2m. Players won $32.4m, meaning revenue from igaming reached $1.1m. This was 15.4% lower than August 2022 and 8.3% behind July’s total this year.

Florida

  • Sports Handle: Seminoles’ Chance To Launch Hard Rock Bet In Florida As Early As Tuesday In Jeopardy
    • Lawyers for Miami-based parimutuel West Flagler and Associates late Friday filed a “motion to stay mandate” in federal court pending its plans to file an appeal in its case against the U.S. Department of the Interior to the U.S. Supreme Court. The motion to stay would prevent the Seminole Tribe from launching its Hard Rock Bet wagering platform in Florida next week. The motion was added to the court docket at 10:04 p.m. ET.

Massachusetts

  • PlayMA: Massachusetts Casinos Have Best August Ever, Win $97.9 Million
    • The Bay State’s three casinos won nearly $98 million from gamblers in August. According to numbers released by the Massachusetts Gaming Commission, Encore Boston Harbor, MGM Springfield and Plainridge Park Casino reported gross gaming revenue of $97.9 million. As a result, the state collected $27.6 million in taxes.

Michigan

  • PlayMichigan: Average Michigan Adult Contributing $137 In Revenue To Online Casinos In 2023
    • Online casinos are still in the infancy stages across the United States. However, Michigan remains one of the top online gambling jurisdictions in the nation by revenue. Online casinos in Michigan are on a record revenue pace in 2023. But, how is Michigan holding up against other top online casinos states like Pennsylvania and New Jersey?

New Jersey

  • PlayNJ: NJ Online Casinos Way Out In Front Of The Pace, Well On Their Way To Record Year
    • Online casinos in New Jersey are way out in front of 2022’s record-setting pace through August, according to recent numbers from state regulators. Data released Friday by the NJ Division of Gaming Enforcement shows NJ online casino gambling generated nearly $155.3 million in revenue last month, an 18.1% year-over-year increase from August ’22. Year-to-date, online casinos have netted more than $1.24 billion in revenue, which is 14.6% higher than at the same point last year.
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