News and Notes from the sportsbooks around the country
New Jersey – Sports Wagering Handle for the month of March was 859.6 million (780.1 million online and 79.4 million retail); Gross Revenue was $60.8 million for the month, a 360.9% increase YoY and 7% win rate; Meadowlands license reported 31.2 million in revenue and Resorts license brought in 14.15 million in revenue; 7.6 million in taxes (7.35 million from online and 395K from retail); Year to Date: Sports Wagering Gross Revenue was $189.3 million and $2,561,288,815 in Handle (2,356,051,018 online and 205.2 million retail) and 7.4% win rate
Pennsylvania – March handle of $560,259,181 and taxable revenue during March 2021 for sports wagering was $29,352,345 (online revenue of $25,981,515 and retail of $3,370,830), compared to $6,889,255 in March of last year, up 326.06% YoY; Valley Forge and Mount Airy only properties to report negative retail sports betting revenue, but Valley Forge led all online operators with over 10.4 million; Wind Creek and Presque Isle Downs both reported negative online revenues
Indiana – Total handle for March was $316,717,762 (#2 all time), increase of over $240m, or more than 300%, from March 2020 and up 15.6% from last month; revenue of $26,350,639 (#2 all time), an increase of $9.3m from February and $20.8m from the previous March; Win Rate of 8.32% and state taxes of $2,503,311, more than double compared to February; By sport: Basketball led the way as the most popular sport to bet on, with bets totalling $160.7m, thanks in part to the NCAA Basketball Tournament, which was played in Indiana. Basketball bets were up 28.8% from February and 359.1% from March 2020; Parlay $77,500,968; Other $62,551,908; football $13,525,179; Baseball $1,282,210; fourth state to cross 3 Billion in handle (Nevada, New Jersey and Pennsylvania)
Michigan – Total retail handle for the month was $24.2 million and a hold for the month a robust 12.2% with $2.97 million in revenue for the month of March; the three casinos reported $2.97 million in gross receipts, with MotorCity leading the way at $1.28 million, followed by MGM at $868,206, and Greektown at $825,479; state received $112,272 in taxes on the sports betting revenue, and the three sportsbooks added $137,221 in taxes to the city of Detroit
UK – The Grand National was Britain’s biggest ever online sports betting event; Over 100 million pounds ($137.4 million) was bet on the race across the industry, according to an estimate on Monday from Paddy Power and Betfair owner Flutter Entertainment; Entain , the owner of Ladbrokes, and rival William Hill separately told Reuters that the total takings were lower than in previous years due to the coronavirus lockdown measures; Entain, which also owns the Coral brand, said more than 150,000 customers visited its websites every minute during the event, which took place on Saturday in front of empty stands after a pandemic-led cancellation in 2020; Rachael Blackmore won at odds of 11-1, becoming the first female jockey to triumph in the race, which began in 1839
ESPN – network produced its first alternate broadcast of an NBA game with a betting focus; “Daily Wager Special” covered April 14 game between the Brooklyn Nets and Philadelphia 76ers; ESPN+ and ESPN2 carried broadcast; featured commentators from ESPN’s “Daily Wager” program, including Doug Kezirian, Joe Fortenbaugh and Tyler Fulghum who called the game from ESPN’s Las Vegas studios; ESPN NBA analyst Kendrick Perkins also on show; pregame and halftime program shown as part of the alternate broadcast, which featured discussion of game action in relation to pregame odds, tracking live odds, discussion on futures and updates on other games being played
Michigan – Wagers on the Oscars, set to air on April 25, were approved by the Michigan Gaming Control Board Friday; sportsbooks can offer about 20 different bets and no betting limits for the awards in approval
Nevada – Nevada Gaming Control Board approves wagering on MLB World Series MVP
Maryland – Maryland legislature approved a plan to implement legalized sports wagering, voting overwhelmingly in favor of a bill that Gov. Lawrence J. Hogan Jr. (R) indicated he likely will sign; House of Delegates approved the final measure 122-16 on Monday evening, not long after the state Senate backed it, 47-0; Maryland will award as many as 60 licenses to companies wishing to offer mobile, or app-based, betting; as many as 47 additional licenses will be issued to “bricks and mortar” applicants — 17 identified in the bill and 30 others that will be awarded through an open application process; Among those guaranteed an on-site license if they want one: Maryland’s six casinos; Teams that play in the state’s three professional football and baseball stadiums; The Maryland Jockey Club, for use at Laurel Park and Pimlico race tracks; The Maryland State Fairgrounds; Four off-track betting locations; The state’s two largest bingo halls; $2 million for a license that will last five years (for big casinos) and smaller enterprises will pay much less; sportsbooks will pay a 15% tax; Maryland expects to reap approximately $18 million in revenue each year; industry could be operational by the fall, in time for the NFL season to begin in September
Arizona – SB 1797 passed the measure 23-6 on Monday night; bill allows betting on professional and college sports at sites owned by pro sports teams and at tribal casinos. It also allows gambling on fantasy sports and new Keno games at horse race tracks and fraternal organizations; also gives professional sports organizations, like the Arizona Cardinals and Phoenix Suns, a shot at getting 10 of the 20 gaming licenses being offered. Arizona tribes would then be left to compete for the remaining 10 licenses and could run sports books at two dozen tribal casinos in the state; governor has signed the bill; possible September launch for first sportsbooks and dfs sites
North Carolina – bill includes the word “interactive” more than 100 times in the 17-page document; will also allow owners of sports facilities that hold professional events and accommodate at least 17,000 fans to have computer terminals or similar devices either in their venues or within a quarter-mile of the facility
Florida – Senate Bill 7076 introduced for the creation of the Florida Gaming Control Commission within the Office of the Attorney General; would help to expand the abilities of the Office of Statewide Prosecution to investigate illegal gambling activity; bill outlines that from July 1 2022, the Commission will hold certain responsibilities including governing administrative authority, pari-mutuel betting and slot machine gaming; bill is set to take effect from July 1 2021 unless objected to or put on hold
Nebraska – General Affairs Committee voted 7-1 not to advance a constitutional amendment proposed by Sen. Brett Lindstrom that would have authorized sports betting statewide; sports betting would still be allowed at the racetrack casinos approved by voters last fall under the implementing legislation that’s awaiting a second round of debate; proposal in that implementing legislation, LB561, is different from the proposal his committee rejected
Illinois – Illinois online sports betting may not require new bettors to register online sports betting accounts in-person much longer, as legislators may be looking to make a change with the controversial measure in the state
Alabama – Senate voted 23-9 for proposed constitutional amendment that would establish a state lottery as well as allow nine casino sites in the states; would also allow sports betting in state; Casino and sports betting sites would be located in Jefferson County, Mobile County, Macon County, Greene County, Houston County and either Jackson or DeKalb counties as well at the three sites owned by Poarch Band of Creek Indians; state would place a 20% tax on sports betting revenue; bill now goes to House
Connecticut – Connecticut Lottery published its request for qualifications concerning potential sports betting partners Monday; responses due April 23 at 3 p.m. ET; key factors that will be considered are product and pricing, customer acquisition and retention, operation of retail sports betting operation, responsible gaming; only limiting factor on who can apply is operating in a minimum of three jurisdictions, whether in the US or internationally; CT Lottery expecting a large revenue share from its sports betting partners
Texas – HB 2070, filed by Republican Rep. Dan Huberty (TX-127) of Harris County, lays the groundwork for regulating sports betting in Texas. If approved by the legislature, the issue would be put to voters on the November ballot. Huberty’s bill will be heard in the House State Affairs Committee on Wednesday. A companion bill, SB 736 by Sen. Juan “Chuy” Hinojosa, is awaiting a hearing in the Senate Business and Commerce Committee.
Tennessee – SB 0588 passed, allowing the Sports Wagering Advisory Council to meet and make decisions on its own, separate from the Lottery Board; addressed the lack of proper protocols being followed during emergency meetings and disciplinary action; also was suggested that a different regulatory structure altogether may have to be considered in the future
PGA Tour – PGA TOUR and DraftKings Inc. announced expansion of existing commercial relationship to provide DraftKings market access for retail and mobile sports betting in Arizona, pending regulatory approvals; PGA TOUR and DraftKings have also announced plans to operate a premium retail sportsbook at TPC Scottsdale; plan to create a visually stunning “19th hole” experience at TPC Scottsdale where fans can gather year-round to place wagers, watch sports and enjoy quality food and beverage options; DraftKings becomes exclusive sports betting partner of the Waste Management Phoenix Open hosted annually at TPC Scottsdale; PGA TOUR and DraftKings will collaborate on co-marketing initiatives and exclusive hospitality experiences to position TPC Scottsdale as a premier global destination for sports bettors and avid golf fans
Entain Foundation / Epic Risk Management – Chicago Fire FC, entering into their 24th season in Major League Soccer, has become the first football club in the United States to deliver problem gambling and gaming awareness sessions to teams throughout their organization through a partnership with EPIC Risk Management and Entain Foundation US; EPIC Risk Management will lead sessions with the Chicago Fire’s U-13’s through U-19’s, plus the first team. Each session will be appropriately tailored for the varied audience and age groups through the Club’s roster, covering issues such as problem gaming, disordered gambling, and sports betting integrity; Delivery of these sessions will begin in May and continue throughout 2021, aiming to provide continued support across Chicago Fire’s P.A.S.S. program. Due to COVID-19, sessions will take place via videoconference and move to in-person sessions when safely allowed.
Overdrive Marketing Inc. – purchased online sports wagering portal TheRX.com in a deal worth $2.4 million; TheRX.com has operated one of the world’s largest sports betting forums since 1995, and it also provides daily sports news, picks and insight; Overdrive Marketing, Inc., (operators of OddsTrader.com) has stated it will rebuild the website and relaunch it in time for the 2021 football campaign
IMG Arena – acquired sports technology firm FlightScope Services to enhance its data gathering, insights and analysis capacity for tennis and golf; parties had also formerly collaborated to develop a customised data collection system for golf’s European Tour – providing best-in-class data capture, record keeping, and tracking of in-play match developments; IMG Arena stated that it would invest significantly to expand FlightScope technology and data gathering capacities to service its wider portfolio of football, basketball and volleyball, and major US sports
Michigan Legacy – Michigan Legacy Credit Union in Wyandotte, Mich., announced last month that, moving forward, all member transactions to legal gambling and betting websites would be blocked.
Genius Sports – Under the terms of the NFL’s recent exclusive data sharing agreement with Genius Sports, the league gained the right to an undisclosed cash payment on top of an equity stake in Genius’ stock; NFL will gain control of around 5% of the data and technology company, amounting to equity of $446.9 million, based on dMY Technology Group II’s 8 April closing price on the New York Stock Exchange of $19.86 per share
NFL – announced its first-ever U.S. sportsbook partnerships as Caesars Entertainment, DraftKings and FanDuel have reached agreements to become Official Sports Betting Partners of the NFL. As part of these multi-year agreements, all three partners will have the exclusive ability to leverage NFL marks within the sports betting category and activate around retail and online sports betting. They will also engage with fans through NFL-themed free-to-play games. Additionally, Caesars, DraftKings and FanDuel will have the right to integrate relevant sports betting content directly into NFL Media properties including NFL.com and the NFL App. DraftKings and FanDuel will enhance their fan experiences with NFL highlights, footage and Next Gen Stats content. Caesars and the NFL will collaborate on integrating NFL content into Caesars platforms as well. Caesars, DraftKings and FanDuel will all use the NFL’s official League data feed. Finally, in support of the NFL’s commitment to protect the integrity of the game and its fans, all three partners have agreed to adhere to the NFL’s core integrity policies, and will collaborate with the NFL on intelligence sharing, advocacy efforts, and responsible gaming education. All three sportsbooks must also purchase official odds and data from Genius Sports under the deals. As reported by Sportico, a source familiar with the negotiations said they’re all five-year deals that will pay the league just shy of $1 billion if they run their course. The NFL has opt-outs it can choose to execute toward the end of the deals; NFL intends to sign more operator partnerships at a lower tier in the future
Fanduel – Phoenix Suns and gambling service FanDuel announced the team’s downtown home, Phoenix Suns Arena, will open an on-site luxury sportsbook by the start of the 2021-22 season. Pending approval, the sportsbook will be 6,300 square feet and open daily for patrons to place wagers on sporting events throughout the year. It will include self-service kiosks and a ticket window. Fans at the arena will also be able to place bets on their phones during game days and other hosted sporting events.
TN Action 24/7 – Nashville judge Patricia Moskal says the Tennessee Education Lottery (TEL) “can’t have a redo”. On Monday, April 13, Moskal ruled that the TEL had no “unilateral right” to take action against an issue she had already made a judgment on