Industry News of the Day for September 27, 2022

iDEA Growth Member News

• SBC Americas, 9.27.22 – Sportradar’s Iden: Prop 27 spending not unlike an arms race
  • Over the years since PASPA was repealed, lawmakers who took up the cause of gambling expansion have always hammered home the importance of educating their fellow lawmakers on what such expansion really entails. If a bill doesn’t get across the finish line in its first effort, the loss is still credited as a step toward educating the people who can vote the bill through the following year. Brandt Iden, Head of Government Affairs for Sportradar, is quoted in this story.
• SBC Americas, 9.27.22 – Paysafe to supply services to Kansas online sports betting market
  • Paysafe has announced it has expanded into the Kansas online sports betting market, providing its specialized payments platform to multiple sportsbooks in the Sunflower State. Zak Cutler, President of Global Gaming at Paysafe, is quoted in this story.

Industry News

• Play Illinois, 9.27.22 – How To Talk To Teenagers About Gambling
  • Informing teenagers about the dangers of gambling should involve the same amount of education and funding as similar high-risk behaviors.
• Legal Sports Report, 9.26.22 – Business By The Books: Sports Betting Industry Shift Toward Profitability, Analysts Say
  • US sports betting operators are finally starting to focus on profitability, though meaningful profit could still be years away.
• Bonus.com, 9.26.22 – Which State Will Join the Legal US Online Casino Ranks Next?
  • Which state will next add legal US online casino gambling? During the past four years, the rapid legalization and expansion of US online sports betting has been nothing but impressive. US online casinos, not so much.

California

• Play CA, 9.26.22 – What California Sports Betting Ballot Initiatives Do To Ensure Match Integrity
  • By now, you’ve seen at least one Netflix documentary about it. A film about how a sports betting scandal involved altering the outcome of a match so that one person or group profits a hefty sum.
• California Casinos, 9.26.22 – Just How Much Can the LA Times Affect the California Sports Betting Election?
  • California’s most influential newspaper shared its opinion this month on Prop 26 and Prop 27 – a pair of initiatives that have sports bettors’ attention in California and across the country. The Los Angeles Times’ verdict on Prop 26 and Prop 27? A resounding “no.”
• California Casinos, 9.26.22 – Tribe That Owns Red Hawk Casino Adds $2 Million to Prop 26 Campaign
  • The California tribe that owns Red Hawk Casino, the state’s fifth-largest casino, made a splash in the sports betting campaign spending war.

Colorado

• Play Colorado, 9.26.22 – Colorado Gambling Contributes Over $11 Million To Water Plan
  • Tax revenue from gambling in Colorado is up in its second fiscal year. And the Colorado Water Plan remains a major beneficiary. On Sept. 15, the Colorado Limited Gaming Control Commission approved tax revenue distribution from fiscal year 2022. Revenue totaled $12,445,447.97, and $12,236,517.05 went toward intended beneficiaries, according to a Colorado Department of Revenue release.

Kansas

• Legal Sports Report, 9.26.22 – Regulator: Kansas Sports Betting Off And Running With Few Hiccups
  • The first three weeks of sports betting in Kansas have gone smoothly, according to one of the state’s main regulators.

Maryland

• Legal Sports Report, 9.26.22 – Online Maryland Sports Betting Rolling Toward Late 2022 Launch
  • The momentum to get online Maryland sports betting off the ground grew with two regulatory meetings last week. The Sports Wagering Application Review Commission decided it will award licenses on a rolling basis after the Oct. 21 application due date. With the action, the SWARC will set up online Maryland sportsbooks to launch when ready, rather than waiting for a universal launch date.

New Jersey

• Gaming Today, 9.26.22 – New Jersey Looking at Esports as Internet Betting Option
  • New Jersey is looking at giving esports its own spot in the state’s internet gambling market. Esports betting has been legal under New Jersey law since 2021 but only through sports betting operators. Legislation (S2986) filed last Thursday by Sen. James Beach, D-Cherry Hill, would include esports under the state’s definition of internet gaming while also leaving it as a sports betting option.

Ohio

• Legal Sports Report, 9.26.22 – Ohio Regulators Working Against The Clock To Launch Sports Betting
  • The leadup to legal sports betting in Ohio is a bit different than in most other states getting ready to launch for the first time.
• Play Ohio, 9.26.22 – Ohio Does Not Plan To Commission Disparity Study Ahead Of Sports Betting Launch
  • Ohio does not plan to commission a disparity study of its budding sports betting industry ahead of the state’s Jan. 1, 2023 launch.
• Play Ohio, 9.26.22 – Officials Expect Smooth Ohio Sports Betting Rollout
  • With less than 100 days until a full-scale launch of legal sports betting in Ohio, the state’s top gaming regulator and the industry’s primary lobbyist are both cautiously optimistic about a strong rollout.