SportsHandle: That was the week in US sports betting

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SportsHandle and friends provide another round-up of the week’s big developments in US sports betting.

Could California make a compromise between operators, is the strain still possible?

Victor Rocha, chairman of the National Indian Gaming Association, nudged him gently. Representatives of the two largest sports betting providers in the USA cleverly refused. The parry lasted nearly an hour Monday at the NIGA Mid-Year Conference in Temecula, California, and the end result was that, to be a cliché, actions speak louder than words.

DraftKings SVP of Business Development Jeremy Elbaum and FanDuel SVP of Business Development Jonathan Edson chose their words carefully, but the words hardly mattered. Conceptually, the idea of ​​the couple sitting on a podium at the Pechanga Casino Hotel speaking about their California mobile sports betting initiative in a room full of tribal leaders said it all.

The whole story here.

New Jersey’s October Sportsbook Handle Breaks Previous US Record

The $ 1.01 billion wagered on sports betting in New Jersey in September sounded like a lot – and set a US record.

But on Wednesday, the state Division of Gaming Enforcement announced that the state’s grip climbed to another monthly record in October: $ 1.30 billion. That includes more than $ 1 billion wagered online, with just $ 124.2 million wagered on state racetracks and Atlantic City casinos.

The whole story here.

FanDuel’s ‘Same Game Parlay’ brand is likely to fall by the wayside

When FanDuel Sportsbook unveiled its Same Game Parlay in November 2019, it probably wasn’t aware that it had developed a product that would generate sales like hand sanitizer at the start of a pandemic.

While the company had the wits to try to edge out the competition, its attempt to brand the set is likely to be valued in the same way as the vast majority of the same game tickets: as a loser. It’s not over yet, but a key first mover advantage with “SGP” – where bettors string bets on multiple events / props in the same contest for potentially high payouts – must likely suffice.

The whole story here.

PA gaming industry on track to earn $ 1.3 billion more than a year before

Back in January, Penn Bets evaluated the Pennsylvania Gaming Control Board’s sales data for the previous month, combined it with the prospects for gaming expansion in 2021, and was the first (known to us) to publicly report annual sales of $ 4 billion. Dollars within reach proclaimed the state’s commercial gambling industry.

After March hit $ 400 million in monthly gaming revenue for the first time from retail casinos, iGaming, sports betting, truck stop VGTs, and sports fantasy competitions, we confirmed that the first quarter of 2021 was forecast to reach $ 4 billion. Dollar appeared solid.

The whole story here.

Caesars partners with Knicks, Rangers and Madison Square Garden

Caesars Sportsbook, one of nine operators granted access to New York’s sports betting market last week, announced Thursday morning an extensive partnership with the NBA Knicks, NHL Rangers, Madison Square Garden and MSG Networks. The partnership will give Caesars the ability to directly market fans in the arena, via social media and on broadcasts.

According to a press release, the partnership will include a relaunch of the show Four Courses With JB Smoove, in which the comedian actor interviewed athletes and celebrities at the dining table. The 2013 offer will be updated to include Caesar-themed content.

The whole story here.

Michigan online casinos again have a record month

Michigan’s online casinos had a record month of gross revenues of $ 109.7 million in October for the third straight year, breaking the previous record of $ 102.4 million in September, the Michigan Gaming Control Board reported Thursday.

Once again, BetMGM dominated the market with $ 41. million in gross revenue, also a new record for the company.

The whole story here.

Maryland’s betting commission finally approves 5 casinos but go-live date unclear

(Note: Updates a previously posted story with new information.)

The Maryland Sports Wagering Application Review Commission (SWARC) approved five casinos for retail sports betting licenses on Thursday morning during a session that had much debate.

The five casinos that are taking the next step in the state’s multi-tiered approval process with their sports betting partners are:

  • Hollywood Casino (Penn National Gaming / Barstool Sportsbook)
  • Horseshoe Casino (Caesars)
  • Live! Casino (FanDuell)
  • MGM National Port (BetMGM)
  • Ocean Downs Casino (TwinSpires)

The whole story here.

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