Industry News of the Day for September 22, 2021
iDEA Growth Member News:
- Philadelphia Business Journal, 9.21.21: Brian Westbrook Partners With Draftkings As He Continues To Invest In The Growth Of Sports Betting
- Former Philadelphia Eagles star Brian Westbrook is pushing further into the business of sports betting, wagering on the young industry’s vast potential for growth.
- SBC, 9.22.21: Entain And US Partner MGM Resorts Respond To Draftkings Bid
- Sports betting operator Entain has been moved to issue a further statement in relation to a $20bn share and cash takeover bid from DraftKings, news of which broke yesterday.
- Yahoo Finance, 9.21.21: FanDuel, DraftKings Are Dominating US Online Sports Betting Market
- Bank of America has released its latest U.S. online sports betting and iGaming numbers for the month of August, and the new data suggests Draftkings Inc (NYSE: DKNG) and Flutter Entmt ADR (OTC: PDYPY) subsidiary FanDuel are still dominating the nation’s largest online sports betting markets.
Overall Industry News:
- Axios, 9.21.21: Gambling On U.S. Sports Betting Growth
- Gambling has always been about the flypaper. Use glitz to get customers in the door, free drinks to get them in the seats and then loyalty perks to get them to tables with higher minimums.
- Bloomberg, 9.22.21: U.S. Online Betting Boom Is Carving Up Century-Old U.K. Bookies
- At the height of Queen Victoria’s reign in 1886, two entrepreneurs started taking commission on English horse races and founded Ladbrokes. They were followed in 1934 by bookmaker William Hill.
- Fortune, 9.21.21: Why Dealmaking In The Sports Betting And Online Gambling World Is Currently Insane
- Just a few years ago, sports betting sat in a legally dubious place in the U.S. That was until the U.S. Supreme Court cleared the way for states to legalize the practice in 2018, striking down a 1992 federal law that largely restricted gambling and sports books to Nevada.
Sports League News:
- Washington Examiner, 9.22.21: NFL And Gambling Companies Cash In On Football Season Betting Boom
- Record numbers of gamblers are placing wagers this NFL season as more states ease into legal sports betting.
Pennsylvania:
- Penn Bets, 9.21.21: Full Fall Football Slate Brings Question Of Just How High Sports Betting Can Go In PA
- Pennsylvania sportsbooks’ uptick in betting volume in August for the first time since March Madness should have them buoyant about the upcoming possibilities from a full, normal season of NCAA and NFL football.
California:
- Sports Handle, 9.21.21: California Poll Shows Heavy Support For Operators’ Sports Betting Initiative
- Results of a summer survey investigating support of the latest sports betting initiative in California shows broad — if partisan — support for the “California Solutions to Homelessness and Mental Health Support Act,” which is backed by a group of seven big-time wagering or sports companies.
Maryland:
- Action Network, 9.21.21: Maryland Sports Betting Launch Still Set for ‘Late Fall’ in 2021
- Maryland regulators reaffirmed Tuesday they are targeting a “late fall” sports betting launch but still have no firm timeline for a retail or online go-live date.
- Baltimore Business Journal, 9.21.21: Maryland Has Started Accepting Sports Betting Applications. Here’s When Wagers Could Start.
- Marylanders could be placing sports wagers in time for the NFL playoffs.
West Virginia:
- Play WV, 9.21.21: West Virginia Sportsbooks Receive More Wagers In August, Surpass $22 Million In Handle
- Following a difficult July, the West Virginia sports betting market somewhat recovered last month.
Tennessee:
- Play TN, 9.21.21: Tennessee Sports Betting Regulators Welcome Public Comment On New Rules
- The Sports Wagering Advisory Council (SWAC) will hold a public comment period on Tuesday, Oct. 5 to discuss proposed updates to Tennessee’s sports betting regulations.
Arizona:
- Legal Sports Report, 9.22.21: Arizona Gaming Regulators Still Sifting Through Sportsbook Licenses
- Arizona sportsbooks appear to be off to a roaring start, though some have yet to launch.
- Arizona sportsbooks appear to be off to a roaring start, though some have yet to launch.