Industry News of the Day for September 2, 2022

By iDEA | September 2, 2022

iDEA Growth Member News

  • Sports Handle, 9.2.22 – PointsBet’s Teddy Greenstein Is Ready To Get His Hustle On
    • Words come easily for Teddy Greenstein — as they should for sportswriter with more than 20 years of experience with the Chicago Tribune. But it’s not just the written word. Converse with the long-time scribe, and you’ll hear a smooth voice capable of providing facts and figures across mediums that include radio and television. PointsBet
  • Play Pennsylvania, 9.2.22 – Pat McAfee’s Field Goal Faceoff Game Kicks Off On FanDuel Faceoff App
    • Pat McAfee is getting his kicks again. The former Indianapolis Colts punter turned sports media superstar is returning to the field with Pat McAfee’s Field Goal Faceoff through a collaboration with
  • SBC Americas, 9.1.22 – Bet365 finally live in second state with Colorado launch
    • Russell Wilson isn’t the only big name making an NFL debut in Colorado this football season. European betting heavyweight bet365 is now live in the state. It is the second US market for the operator, following New Jersey, where it launched in 2019. The brand is also now a regulated operator in Ontario after years of functioning in the gray market.

Industry News

California

  • California Casinos, 9.1.22 – Report: Prop 27 Would Create $2.8 Billion in California Sports Betting Revenue
    • If Prop 27 passes in California, the California online sports betting market would generate $2.8 billion in annual revenue. That’s according to a mid-August report published by Eilers & Krejcik Gaming, an independent research and consulting firm in the gaming and gambling space. According to Business Insider, the report projected that revenue would swell to $3.1 billion if Prop 26, which would allow sports betting in person at California tribal casinos and horse racetracks, also passes.

Colorado

  • Sports Handle, 9.2.22 – Colorado Sportsbooks Top $20M In Revenue For July
    • The Colorado Department of Revenue reported Thursday that sportsbooks claimed $20.8 million in gross revenue for July, recovering from the previous month’s Stanley Cup title run by the Avalanche that had helped skew the bottom line lower. Operators had a win rate just shy of 8.1% in July, nearly six percentage points higher than in June. That helped offset the 17.5% decline in handle to $258.4 million, which is typically connected to the summertime downturn in sports activity.
  • Play Colorado, 9.1.22 – Rockies Star Reminds Bettors Colorado Sports Betting Taxes Aid Water Plan
    • Rockies outfielder Charlie Blackmon has a message for Colorado sports bettors: Your gambling tax dollars aren’t going to waste.

Massachusetts

New York

  • Legal Sports Report, 9.1.22 – NY Exceeds $10 Billion In Online Sports Betting Handle Since Launch
    • New York sportsbooks have exceeded $10 billion in online sports betting handle in less than eight months. NY online sportsbooks handled $194.5 million in bets during the week from Aug. 22-28, putting the Empire State at $10.1 billion for the year.

Virginia

  • Sports Handle, 9.1.22 – Virginia Sportsbooks Enjoy Strong July While Promo Play Plummets
    • The Virginia Lottery reported sports wagering handle totaling $266 million for the month of July, but the bigger news involved the state being able to tax the largest percentage of operator revenue since the state began accepting bets in January 2021.
  • Play Virginia, 9.1.22 – July 2022 Virginia Sports Bets Fly Past 2021 Totals
    • July 2022 Virginia sports bets continue to reflect some seasonal ebbs and flows. Numbers are down compared to June, but the $266 million in sports bets is way up compared to the same month a year ago.
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