Each week sports and gaming attorneys Dave and Doug Weischadle discuss the news and notes from the sportsbooks around the country. This week – Pennsylvania record; Michigan and Virginia sports betting launch
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The Daily Telegraph has reported this morning that PM Boris Johnson will likely support a ban on gambling industry shirt sponsorships across football.
Citing sources ‘close to Downing Street’, the Telegraph stated that Johnson’s senior cabinet are determined to press ahead with drastic reforms to the UK gambling sector.
A ban on shirt sponsorships by gambling brands has been pitched as a certain outcome as the mandate carries cross-party and ‘two-thirds of public support’, according to campaigners.
Labour MP Carolyn Harris, chair of the All-Party Parliamentary Group on Gambling Harms, said that she was confident that a sponsorship ban would be one of the ‘common-sense outcomes’ of the review.
When the Supreme Court ended PASPA in May 2018, most thought it would take a few years for legal sports betting to be embraced across most of the US.
It looks like that inflection point is already here.
Legal US sports betting is available in 21 jurisdictions so far with more on the way. The last to launch was Virginia, which arrived in time for the Super Bowl.
It’s not just about legalizing either. Multiple states, including New York and Oregon, have sports betting bills that would amend how wagering operates in their states.
NEW YORK & LONDON–(BUSINESS WIRE)–Genius Sports Group (“GSG” or “Genius”) announced today that the Michigan Gaming Control Board, the state regulator overseeing the gaming industry in the U.S.’s 10th most populous state, granted Genius Sports Group an online sports betting supply license.
The license enables Genius Sports Group companies Betgenius and Genius Sports Media to power the sportsbook and marketing operations of licensed betting operators in Michigan’s newly legalized sports wagering market.
“Across the U.S., states are recognizing the potential of online sports betting. The launch of online sports wagering in Michigan and Virginia is the latest evidence of the significant commercial and regulatory tailwinds propelling our industry,” said Jack Davison, Chief Commercial Officer of Genius Sports. “As more states build momentum toward legalization, Genius will continue preparing to quickly obtain state licenses so that we can support our sportsbook partners in capturing market share from day one.”
Responsible gaming organization Conscious Gaming has cited record volumes of US sports wagering over the past weekend as a clear signal that bettors are increasingly eschewing illegal operators in favor of regulated bookmakers.
It noted: “Record volumes were recorded this past weekend for legal US online gaming and sports betting. This signals US consumers favor the regulated US industry and are turning away from the illegal, unprotected, offshore bookie businesses of the past.
An additional benefit, it said, is that revenues that were once channeled to the illegal market, are now staying in the communities where these bettors live.
Drawing on data from parent firm GeoComply, Conscious Gaming said that this year’s NFL Conference Championship weekend saw more than 30 million geolocation transactions recorded in 17 US online betting states (including the District of Columbia), an increase of 260% over the same weekend in 2020.
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This week’s stories include online sports betting goes live in Michigan, sports betting goes live in Virginia and Pennsylvania breaks state sports betting record.
From the seaside to the desert, from the betting lines to the sites online, Turnpike Sports® has got you covered! And be sure to follow us on Twitter @TurnpikeSports!
Turnpike Sports® and BetFlash® are registered trademarks of D2 Holdings LLC and its exclusive licensee Granary Way Media LLC and its principals.
Check out this week’s episode Turnpike Sports®!
LAKEWOOD, Monday, January 25, 2021– The year 2020 proved to be an opportune time to launch sports betting in Colorado, with $1,185,754,617 in total wagers place between May and December 2020 reported by the Colorado Department of Revenue. Today, the department released the final figures for last year with the December 2020 Monthly Sports Betting Proceeds Report, which presents the final monthly statistics showing the large, cumulative number of bets placed in the state during the unusual year in sports. Taxes collected by the state in 2020 from sports betting wagers totaled $3,418,818.
December saw another record-breaking month with the total handle for both retail and online sports betting wagers totaling $284,551,471, a 23% increase over November 2020. The total taxes collected in December was $531,489.
December’s top sport was American Professional Football, with $88.1 million in wagers placed with retail and online operators, followed by Basketball with $42.8 million. In third was NCAA Basketball with $35.2 million. NCAA Football took the fourth spot with $14.9 million, and Table Tennis continues to hang on to the top five sports, placing in fifth with $10.9 million in total bets.
REDWOOD CITY, Calif.–(BUSINESS WIRE)–Today, Electronic Arts (NASDAQ: EA) and the NFL revealed the celebrities, NFL Legends and current Pro Bowlers competing in the Pro Bowl: The Madden NFL 21 Edition Presented by Verizon. Coming to fans directly on digital and social channels, EA SPORTS is delivering a transformed Pro Bowl through Madden NFL 21, meeting the next generation of NFL fans where they live online. The event will stream on the NFL YouTube, Twitter and Facebook, as well as EA Madden NFL Twitch on Sunday, Jan. 31 at 5pm EST, capping a week of Pro Bowl celebrations across the NFL, which also includes a free trial* of Madden NFL 21.
The Pro Bowl: The Madden NFL 21 Edition Presented by Verizon will feature Snoop Dogg, Deshaun Watson, Derrick Henry and Keyshawn Johnson competing for the AFC, while Bubba Wallace, Marshawn Lynch, Kyler Murray and Jamal Adams will play for the NFC. The two star-studded teams, featuring 2021 Pro Bowl QBs as team leads, will play in Madden NFL 21 from their homes using the official Pro Bowl rosters with a new competitor tapping in to play each quarter. Emmy winner and Pro Football Hall of Famer Michael Strahan and Charissa Thompson will host the Sunday event with popular streamers Ninja, FaZe Swagg, AustinShow and AMP also hosting live watch parties on their channels Sunday at 5pm EST. The event will reair primetime at 8pm ET on NFL Network and again at 12:30am ET.
“EA SPORTS’ commitment to help fans experience sport in new ways is realized perfectly by the transformation of this year’s Pro Bowl to the virtual field of Madden NFL,” said David Tinson, CMO, Electronic Arts. “We’re further blurring the lines between reality and the virtual worlds of our games, creating new opportunities to connect fans through the sport they love.”
PROVIDENCE, R.I., Jan. 25, 2021 /PRNewswire/ — Bally’s Corporation (NYSE: BALY) (the “Company”), a leading U.S. provider of land-based gaming and interactive entertainment, today announced that it has entered into a definitive agreement to acquire Monkey Knife Fight (“MKF”), the award-winning, fastest-growing gaming platform and third-largest daily fantasy sports (“DFS”) operator in North America. The all-stock transaction makes Bally’s just the third sports betting company in the U.S. to have a fantasy sports segment. In 2020, MKF, which offers its loyal users a dynamic and creative slate of daily sports and e-sports contests, was ranked by SponsorUnited as the sixth most-searched and tenth fastest-growing brand in sports and entertainment.
Bally’s acquisition of MKF is the latest step in the Company’s long-term growth and diversification strategy to become the first truly vertically integrated sports betting and iGaming company in the U.S. with a B2B2C business model. Importantly, it complements Bally’s recent media partnership with Sinclair Broadcast Group and its pending acquisition of Bet.Works, including its proprietary technology stack.
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“With this acquisition, we are pleased to enter into the high-growth DFS market. Monkey Knife Fight is a unique asset that we look forward to incorporating into Bally’s constantly growing omnichannel portfolio of land-based casinos and iGaming platforms,” said George Papanier, President and Chief Executive Officer of Bally’s Corporation. “As with all of the properties and services that fall under the iconic Bally’s brand, we are committed to providing a best-in-class DFS platform to sports fans around the country.”
STAMFORD, Conn.– January 25, 2021 – NBC Sports, the PGA TOUR and PointsBet today announced the first-ever betting companion show during a PGA TOUR event – a live second-screen experience entitled NBC Sports Edge BetCast, which will be available on Peacock Premium. PointsBet is the official sports betting partner of NBC Sports, and an official betting operator of the PGA TOUR.
The debut presentation of the NBC Sports Edge BetCast will premiere on Peacock Premium alongside NBC Sports’ telecasts of the Waste Management Phoenix Open on GOLF Channel and NBC from Thursday, Feb. 4 through Sunday, Feb. 7 at TPC Scottsdale’s Stadium Course.
“We are excited to debut this unique betting show with our partners at the PGA TOUR and PointsBet,” said David Preschlack, President, NBC Sports Regional Networks, and Executive Vice President, Content Strategy, NBC Sports Group. “With TPC Scottsdale’s Stadium Course as the backdrop, we look forward to a compelling sports betting presentation on Peacock Premium as a companion to watching the world’s best golfers competing on some of the most iconic holes on the PGA TOUR.”