Industry News of the Day for September 7, 2023
Industry News
- AP News: As Sports Betting Spikes, Help For Problem Gamblers Expands in Some States
- When the NFL season kicks off this week, Kentucky residents and visitors — for the first time — will be able to legally place sports bets on something other than horse racing. When they do, some of that money will also fund the state’s first-ever program for people with gambling problems. Since the U.S. Supreme Court cleared the way for legalized sports betting five years ago, nearly three-fourths of the states have moved swiftly to allow it.
- Front Office Sports: Expansive NFL Betting Presents Opportunity, Concerns For League
- The American Gaming Association said a record 73.5 million American adults — equal to about 28% of all U.S. adults — plan to bet on the NFL season, an astounding 57.7% increase from the comparable 46.6 million last year, itself a record at the time. Five years after the U.S. Supreme Court allowed individual states to set their own gambling laws, that massive influx in gambling activity is helping to support a still-increasing line of business for the NFL that includes an official data agreement with Genius Sports.
Iowa
- Sports Handle: Some Iowa, Iowa State Athletes Accept Gambling Plea Deals
- Three members of the 2022 Iowa State University football team — Hunter Dekkers, Jake Remsburg, and Dodge Sauser — have accepted plea deals in their sports betting violation cases. The plea deals were announced Wednesday by Mark E. Weinhardt, the lawyer representing the trio. The three athletes were facing charges of tampering with records related to their investigations. Those charges were replaced with underage gambling charges, the statement from Weinhardt said.
Kentucky
- PlayUSA: Kentucky Governor Bets Sports Wagering Launch Can Help With Re-Election
- Legal and regulated sports betting starts Thursday in Kentucky and Gov. Andy Beshear will place the first wager. That’s not uncommon. Governors often place the first bet when their state launches sports wagering. But what is uncommon is just how involved Beshear has been every step of the way as Kentucky prepares to launch sports betting. Never before has a governor placed himself at the forefront of the sports betting regulatory process.
- WCPO: Two New Sportsbooks Ready To Open In Northern Kentucky: Here’s What To Expect
- Turfway Park Racing & Gaming will join an exclusive club Thursday when it opens one of nine retail sportsbooks in Kentucky, the 37th state to legalize wagers on sporting events. The opening promises to be grand, with two separate “first bet” ceremonies planned for Kentucky Lt. Governor Jacqueline Coleman and Senate Majority Leader Damon Thayer. But the business prospects for brick-and-mortar sportsbooks are surprisingly sparse.
- WDRB: Kentucky Positioned To Make Millions In Tax Revenue From Sports Gambling
- When wager windows open Thursday at sports betting facilities, both Kentuckians and the state itself will be positioned to cash in on the bets. Retail wagers will begin then, and those sportsbooks will be taxed at 9.75%. When mobile betting launches Sept. 28, those sportsbooks will be taxed at 14.25%. That taxable revenue that the state will receive is expected to be in the millions by the end of 2023.
New Jersey
- CDC Gaming Reports: BetMGM First To Feature Aristocrat’s Buffalo igaming Slot In New Jersey
- The Buffalo slot game is making its online debut in New Jersey. BetMGM Tuesday announced the popular Aristocrat game is now available to igaming players in the Garden State, with plans to introduce the game in Pennsylvania and Michigan in the next few months. Anaxi, Aristocrat’s online real money gaming business, developed Buffalo slots for online play.
New York
- PlayNY: NY Online Sports Betting Impact Report Details Industry’s Effect On Gambling-Related Issues
- The number of people in New York placing themselves on exclusion lists or contacting a gambling hotline has been rising since the start of legal online sports betting, according to an annual state report whose most recent findings somehow went unreported when they were released this summer. According to the New York State Gaming Commission and the Office of Addiction Services and Supports, the first full year of online sports betting in NY saw a 33% increase in voluntary self-exclusion requests.
North Carolina
- NC Sharp: NFL Sports Betting Ad Rules North Carolinians Need To Know
- With football season on the horizon, North Carolinians set to watch the Carolina Panthers make a run at a division title will be subjected to more sports betting ads – whether they like it or not. This influx of betting-related ads, however, will be capped during NFL broadcasts, as the NFL allows television networks to show no more than six sportsbook ads per game.
Rhode Island
- PlayUSA: After A Slow July Rhode Island Gambling Ready For Online Casino Revenue
- As we near the start of the NFL season, Rhode Island casinos have the daunting task of reproducing a stellar fiscal year, which saw the gaming industry produce almost $720 million in revenue. However, to begin FY2024, casinos in Rhode Island are off to a slow start. In July, all three gaming verticals (slots, table games, sports betting) combined for roughly $59.3 million in gaming revenue.
Virginia
- SBC Americas: Betr Launching In VA After Paying Fine For Jake Paul’s SEC Case
- Betr co-founder Joey Levy said this football season the focus will be on the company’s new DFS venture, Betr Picks, but the company is still rolling out its sports betting product in Virginia this fall. The Virginia Lottery awarded Betr an operator license earlier this year. However, the group hit a hiccup when the company failed to disclose the pending investigation and fine levied against Jake Paul by the Securities and Exchange Commission (SEC).