News and Notes from the sportsbooks around the country
Indiana – Sports betting came in with $14.284m in revenue on record $207.450m in handle. 10.8% higher than the previous record $187.2 million in February; 83.5% of total handle from mobile devices in September.
Iowa – September: Handle — $72.4M (all-time high, up 43.9% from Aug); Hold — 7.14%; Revenue — $5.1M; Taxes — $349K; Internet Handle — $50M (Aug. TOTAL handle was $50.3M); online sports betting handle dipped in September to 69.1%, down from 69.6% in August.
Illinois – recorded a $139.6 million handle in August, online handle of 123.57M (88.5%), 7.2M in revenue and 5.18% hold; BetRivers dominated market share;
Washington DC – GamBetDC recorded handle of 3.3M in September; Wm Hill Sportsbook inside the Capital One Arena in its first month of activity, reported $9.1 million of handle, total of 69,085 bets and paid out an impressive $7.7 million to customers generating $1.4 million in total revenue
West Virginia – The Greenbrier now claims the top spot in West Virginia sports betting with partners Fanduel and BetMGM; two mobile platforms combined to accept over $7 million in wagers, more than double the $3.4 million Hollywood’s DraftKings Sportsbook saw for the week of Sept. 19; set a new weekly record for online and retail betting the week of Sept. 12, with almost $10.5 million in mobile wagers; the resort’s online handle over the last four weeks is more than $37 million; In the last two weeks of sports wagering in the state, 77% of bets were placed through a mobile app; For the first time since sports betting in WV launched, every casino has a figure in the online betting column
Michigan – Game Account Network has been selected by casino developer and operator Wynn Resorts to be the enterprise software platform; ten-year partnership will see the launch of igaming and online sports betting alongside the first regulated online gambling operators in November 2020; GAN market access agreement inked by the former with the Sault Tribe of Chippewa Indians; tribe operates five casinos under the Kewadin Casinos brand in the Wolverine state, with locations in Sault Sainte Marie, St Ignace, Manistique, Christmas, and Hessel
Maryland – sportsbetting on November ballot; DraftKings has spent $250,000 to support the measure; no groups have raised money to oppose the effort at present
Maryland – Live Casino & Hotel at Arundel Mills is converting its Center Stage performance venue into a sports-themed lounge, restaurant and — pending Maryland voter approval — a sports betting venue. Sports & Social construction is currently underway. The $12 million addition is expected to open in Winter 2021. The 212-seat Sports & Social will include more than 100 linear feet of LED screens, including a 47-foot wide main screen. Live! says every guest will be able to watch at least 10 games at once.
New York – push for online sports betting moving forward; many casinos want single-skin market; would limit New York’s action to one skin for the four upstate casinos and three tribal operators; DraftKings Sportsbook and FanDuel Sportsbook have partnerships with del Lago and Tioga Downs, respectively. FOX Bet, William Hill, and Bet365 also have partnerships with New York Casinos so they will be up and running whenever New York finally passes online sports betting. Rivers and Seneca casinos are going with in-house options for online sports betting; mobile sports betting launch date by the Super Bowl or March Madness is still possible
Tennessee – Sports Wagering Committee of the Tennessee Education Lottery (TEL) Board of Directors on Monday conditionally approved an additional license for sports betting operations, Tennessee Action 24/7, LLC (Action 247), the fourth, and five supplier applications and six additional vendor applications;
New Hampshire – appointed Daniel Maloney as its first director of sports betting; Maloney will lead sports betting sales strategies and executions, as well as identifying potential partners for new opportunities; recently worked as an intern for the Nevada Gaming Control Board. Maloney is a lawyer by trade, with a Master’s of Law degree in gaming and regulation from the University of Nevada Las Vegas, and 12 years’ experience in contract and compliance law.
Virginia – businesses and entities will be able to apply for sports betting permits in the Commonwealth starting October 15 and will likely award no fewer than four permits and no more than 12; reportedly only be given to major league sporting venues — and casinos — which have expanded in the state in recent years, along with horse racing ventures in the state
Simplebet – partnering with betting and lottery supplier Intralot to launch new in-play, real money micro-market betting opportunities for the NFL, MLB and the NBA; Intralot and Simplebet will begin rolling out the products this NFL season and potentially later this MLB postseason, with plans to launch for the next NBA season