Industry News of the Day for September 29, 2022

By iDEA | September 29, 2022

iDEA Growth in the News

  • Bonus.com, 9.28.22 – Indiana Online Casino Study Shows Revenue Could Reach $830 Million Annually
    • Indiana online casino revenue could reach $830 million by its third year of regulation, shows a study released today. However, even if the Indiana General Assembly legalizes iGaming at its next opportunity, that revenue figure can’t become a reality until 2026. John Pappas, State Advocacy Director for iDEA Growth, is quoted in this story.

iDEA Growth Member News

  • SBC Americas, 9.29.22 – Sightline’s Pappano: Easy withdrawals are key to customer retention
    • Joe Pappano, Co-CEO of Sightline Payments, outlines why the payment journey is increasingly important in a betting firm’s customer retention strategy in the midst of a busy US sports schedule.
  • SBC Americas, 9.28.22 – FanDuel Sportsbook Turns to New IGT PlaySports Pad to Up Betting Action in Maryland
    • FanDuel Group and IGT are taking steps, big and small, to evolve the player experience and bring even more choice and convenience to sports fans. A recent example of this commitment is FanDuel Sportsbooks’ world debut of the IGT PlaySports Pad at the Live! casino in Maryland. Garreth Core, FanDuel Sportsbook, Senior Director of Product and Operations, is quoted in this story.

Industry News

  • Play Michigan, 9.29.22 – How Technology Is Aiding In Responsible Gaming Efforts
    • In today’s world, advancements in technology are coming at a more rapid pace than ever before. Understanding the available tools and the needs of a consumer when it comes to technology is a challenge facing many industries. The same can be said for many advocacy groups.
  • Legal Sports Report, 9.28.22 – What Pullback? US Sports Betting TV Ads Rise During Early NFL Season
    • US sportsbooks spent $22.9 million on TV advertising during NFL games through the first two weeks of the season this year, according to Kevin Krim, CEO of advertising analytics company EDO. That total is up from $18.3 million in the same time period last season, though it does not account for the cost of ads.

California

  • California Casinos, 9.29.22 – Here’s How Many Votes Prop 27 Needs to Pass in California
    • Things don’t look too good for Prop 27, the California online sports betting measure on the Nov. 8 ballot. A yes vote on Prop 27 would help create a path forward for sports fans and bettors to legally gamble from computers or mobile devices anywhere in the state. It would create more than $3 billion in annual sports betting handle and state revenue taxes in the mid-hundred millions.
  • Legal Sports Report, 9.28.22 – Prop 27: Understanding The Online California Sports Betting Proposal
    • Prop 27 is one of the two ways voters can legalize sports betting in California on this November‘s ballot. Voters can legalize online California sportsbooks through a vote for Prop 27.
  • Legal Sports Report, 9.28.22 – Prop 26: Understanding The California Sports Betting Tribal Proposal
    • Prop 26 is one of the two options to legalize sports betting in California that will be on November’s ballot. California voters can support retail sports betting at tribal casinos and racetracks through Prop 26, and online California sportsbooks through Prop 27.
  • Play CA, 9.28.22 – Voter Information Guide Dominated By California Sports Betting Props 26 And 27
    • California voters started receiving the state’s official voter information guide in the mail. This guide provides a detailed look at each election and initiative on the November ballot.
  • Play CA, 9.28.22 – Well, Actually… : Rebutting California Sports Betting Newspaper Editorials
    • This fall, voters in the Golden State decide whether they want the ability to wager on sports in their state. Two California sports betting ballot initiatives are up for a decision this November. Proposition 26 would legalize retail sports betting at select California horse tracks and tribal casinos. Meanwhile, Proposition 27 would legalize online betting and allow established online operators access to the California market.

Illinois

Indiana

  • iGB, 9.28.22 – Report claims Indiana igaming revenue could hit $469m in year one
    • A report commissioned by Indiana’s Gaming Commission has estimated that in its first year, online casino gaming could bring in revenue of $469m. The projection came as part of a report commissioned by the body, in conjunction with Spectrum Group. It was released today (September 28).

Michigan

  • MI Bets, 9.28.22 – Michigan’s Online Sportsbooks And Casinos Blossomed In August Heat
    • For Michigan’s online sportsbooks, August proved to be a fine month, with handle of $218.8 million amounting to a 6.1% increase from July’s $206.1 million. And while that boost is significant, it may be even more telling to compare it to last year’s August and July numbers.

New York

  • Legal Sports Report, 9.29.22 – Is Online NY Sports Betting ‘Broken’ While Revenue Pours In?
    • The jockeying around the online NY sports betting tax rate discussion at next year’s legislature already is underway. New York online sports betting handle fell $33 million from Week 1 of the NFL season to Week 2. Operators combined for $297 million in NY online sports betting handle from Sept. 12-18 after combing for $330 million from Sept. 5-11.

Ohio

  • Play Ohio, 9.29.22 – League Restrictions Pit Ohio Pro Teams With Tough Sportsbook Questions
    • Ohio’s eight professional sports franchises will all be involved in sports betting come Jan. 1, 2023. But each will have to conform to rules and regulations set forth by their leagues, meaning the process for placing a bet at a Cleveland Cavaliers home game will be different from doing so at a Cleveland Browns game once Ohio sports betting goes live.
  • Gaming Today, 9.28.22 – Sportsbooks Scramble to Make Jan. 1 Ohio Sports Betting Launch
    • Ohio sports betting might be short a few mobile and retail sportsbooks when the Buckeye State goes live on Jan. 1. Ohio Casino Control Commission (OCCC) Director of Communications Jessica Franks told Gaming Today in a phone call Tuesday that companies hoping to launch on the state’s Jan. 1 universal start date are required to turn in documentation on their company ownership and holdings. “A number” of license applicants have yet to provide that information to the state, she said.
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