Get A Grip – Sports Betting Week: When States Go Wrong
It’s information overload everywhere, and there’s not enough time to sleep and eat and stay fully informed of what’s happening on this crazy blue dot of ours (two out of three, that’s not is not bad). Here’s the weekend’s Sports Handle article, “Get a Grip,” recapping the week’s top American sports betting headlines, highlighting fresh news and rounding out key stories.
Top stories around our network this week
No one ever said the legislative process was perfect in any state, and there’s no exception to that when it comes to developing all the details that go into creating a regulated sports betting industry. Each of the roughly three dozen jurisdictions (including Washington, DC) to legalize has done so differently — some better than others — and this week’s news has been a reminder of what can go wrong. This seems especially true when competition is severely limited by legislative choice.
In the nation’s capital, the virtual monopoly on mobile betting granted to Intralot’s GambetDC platform initially appears to have drawn nothing but criticism since its inception. Complaints eventually led to the introduction this week of a DC Council bill proposing to expand the market in Washington, so that nationally-known mobile operators can be fully accessible to consumers, given that several have already retail and limited mobile operations in the district. It’s unclear if or when the bill will move forward, but dissatisfaction with the initial framework for sports betting in DC is unlikely to go away.
In Arkansas, where legal mobile betting began this year, major national operators such as FanDuel, DraftKings and BetMGM have effectively and economically been locked out of competition by a unique provision in state law specifying that casinos physical should receive the majority of revenue from any partnership with an online operator. This means that three small operators are all that is available to consumers, and many people have said that they are missing various aspects.
Massachusetts has a different problem: there will ultimately be plenty of competition when sports betting launches next year, but DraftKings doesn’t like the state regulator’s stance that a retail launch will precede the operators’ launch. mobile for about six weeks. Despite its big brand, DraftKings says it will be unfairly disadvantaged against competitors offering retail sports betting, but the Massachusetts Gaming Commission was unmoved by its plea.
There’s sure to be a lot more that carriers or consumers don’t like as the remaining states debate legalization, which is sure to happen in multiple capitals in 2023. Our network of state and national reporters and sites will keep you up to date with all of these discussions, as with the rest of developments in the sports betting industry, as these stories from the past week demonstrate:
You have to start somewhere, after all
Micro-betting a low-cost entry point for budget punters
It’s different, I like it!
Sporttrade is a veritable sports betting merry-go-round
It would be nice if the media did it right
Men in soft shorts: The New Yorker tackles sports betting and the lottery
Georgia is just full of mixed feelings
Georgia poll: broad support for casino games, not so much for digital betting
Maryland is so close you can almost touch it
Maryland bettors are one step closer to legal mobile betting
A small step forward in Nebraska
Nebraska regulator unanimously approves sports betting rules
Canadians get something Americans can’t get
Launch of Pinnacle in the regulated iGaming market in Ontario as transition deadline approaches
If politics is involved, controversy follows
Did Kalshi kill PredictIt? Friday’s decision on election betting will be telling
Caesars wants everyone to take note
Caesars Transforms to Become a Strong Contender Among AP Sportsbooks
Caesars Sportsbook Unveils Ohio Betting App Long Before New Year’s Launch
Caesars, baby, Caesars! Fast-talking Vince Vaughn joins Mannings in new spot
$75 million can probably buy a lot of beanbags
Astros punter Mattress Mack eyeing biggest potential win in history
Speaking of sports betting money…
Nevada nets $70 million in sports betting revenue for second time
New York betting handful reaches highest level since March Madness
California: Newsom officially says no on the 27th
On October 11, executives at mobile betting giants DraftKings and FanDuel waved the white flag, admitting defeat for their statewide digital sports betting initiative in California. Just over two weeks later, Governor Gavin Newsom officially announced his opposition to the measure.
“Proposition 27 is bad for California,” Newsom said Politics. “It would harm California Indian tribes, increase the risk of underage gambling, and push billions of dollars out of California and into the pockets of out-of-state corporations. Vote No on the 27th.
The statement was just one more in a week in which the No 27 campaign ran a Spanish-language ad featuring civil rights and labor leader Dolores Huerta. The No on 26 campaign, meanwhile, held an event in Los Angeles featuring L.A. politicians and labor leaders opposed to the proposed retail measure by tribal casinos. Both initiatives will be on the ballot on November 8, with polls suggesting both will fail.
— Jill R. Dorson
SuperBook now lives in Iowa, its sixth state
Completing its patient journey from the Nevada desert to the cornfield of the Midwest, SuperBook launched its sports betting app in Iowa on Thursday.
The SuperBook brand started out as a brick-and-mortar operation in Las Vegas in 1986 and has evolved into what it claims is the world’s largest bookmaker at 35,000 square feet. (Circa, located in downtown Vegas, can dispute that claim.) Besides Nevada and Iowa, the mobile bookmaker is also available in Arizona, Colorado, New Jersey and Tennessee.
“From the Cyclones and Hawkeyes to the Field of Dreams, Iowa has one of the best sports traditions in the country,” SuperBook CEO Mark Lipparelli said in a press release. “Many Iowa sports fans have undoubtedly visited our iconic Las Vegas sportsbook, and now they can access these same great betting options from home.”
Meanwhile, Unibet leaves Iowa
At the same time SuperBook planted a flag in Iowa, Kindred Group plc announced on Thursday that Unibet will exit the sports betting market in the state by the end of the year.
Last month, Unibet handled $165,960 in online sports betting in Iowa, generating gross gaming revenue of $16,330. The totals ranked among the lowest of internet sports betting operators in both categories. Iowa’s departure is part of Kindred’s strategy to focus on states where it can maintain a multi-brand approach, according to the company.
Kindred will also delay the launch of a new proprietary sports betting platform in New Jersey, the company has confirmed. Washington State, however, represents an expansion for the company, as it has announced that it will be opening a Unibet sportsbook at Swinomish Casino & Lodge, a tribal casino in Anacortes. Long term, Kindred does not expect to break even on its US properties until 2026 at the earliest.
Kambi also enters Washington State
With the October 20 opening of the Stadium Sports Bar & Grill at ilani Resort, the Southwest Washington Cowlitz Tribe has become the 11th in Evergreen State to launch a physical sportsbook. Opened in partnership with Kambi, the site – which is a short drive across the state line from Portland, Oregon – features a sports betting lounge with what Kara Fox-LaRose, president and CEO of ilani, calls it “the largest video wall in the region.”
More of the most important and interesting stories
WHAT IS ALL WE GET? : Disappointing first month of sports betting not enough to lure Chiefs to Kansas [Kansas City Star]
NO, NO WORRIES HERE: Boyd Gaming Reports Solid Third Quarter; no signs of inflation slowing incomes [CDC Gaming Reports]
SORRY, THINGS ARE A LITTLE OUT OF CONTROL: Apple suspends gambling ads on App Store product pages after developer outcry [TechCrunch]
MAYBE THIS IS THE YEAR WE FINALLY LOVE SOCCER: Sports betting set to break US World Cup record [Yahoo Sports]
⚽️ Are you ready for the 2022 FIFA World Cup? ⚽️
If you are in the #sports betting industry, you know you should think about how to run your business efficiently throughout the #worldcup2022 as betting activity will skyrocket🔥#Numeric identity #biometrics
— Blinking (@blinkingid) October 24, 2022
YEP, SOUTH DAKOTA LIKE EVERYONE: Deadwood sees sports betting revenue increase [KELO]
VIP STATUS ALWAYS SOUNDS GOOD: Tennessee: Action 24/7 implements Global Payments VIP Preferred [CDC Gaming Reports]
NAVIGATE SMOOTHLY IN BUFFALO: Tally Technology renews its free-to-play prediction platform with Buffalo Sabers for a third year [SportTechie]
DON’T WORRY, DARLING, I’LL GET IT BACK AT CRAPS: Las Vegas visitors paid highest room rates on record in September [Las Vegas Review-Journal]