October 18, 2024 – Bookielink

October 18, 2024

Ute tribes’ Colorado lawsuit could set a precedent that goes beyond West Flagler

A pair of Colorado tribes are suing the state over the right to offer digital sports betting off reservation. The Southern Utes and Ute Mountain Utes argue that the West Flagler decision in Florida makes it so they have the right to offer statewide mobile betting under federal law. But does it?
The Southern Utes filed their lawsuit in July, about a week after the US Supreme Court declined to hear West Flagler vs Haaland. That case, decided in the US Circuit Court of Appeals for the District of Columbia Circuit, made it legal for the Florida Seminoles to offer statewide mobile betting.

The Ute Mountain Utes joined the Colorado lawsuit in September. The case is filed in the US District Court for the District of Colorado. And on Wednesday (16 October) the governor, Jared Polis, filed a motion to have the lawsuit dismissed.

It’s clear from the text of the complaint that the relationship between the tribes and the state has become strained. For a tribe to to offer digital wagering thro..

October 18, 2024

State of the Union: Industry, CFG fight over cannibalisation, Bally Bet launches in TN

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.
iDEA report refutes previous NJ economic impact study
The iDevelopment and Economic Association (iDEA Growth) this week released a report that refutes a 2023 study about the economic impact of online gambling in New Jersey. The previous report, by the NERA Consulting Group, itself questioned findings from a 2019 report on the same topic. At issue is just how much of an impact online gambling has had on the economy in New Jersey. The studies also explore the level of cannibalisation caused by online markets.

The iDEA study raised questions about the methodology NERA used.

The 2019 report by Meister Economic Consulting and Victor Strategies found that online gambling contributed $2bn (£1.5bn/€1.84bn) to the Garden State’s economy between 2013 and 2018. The 2023 NERA report, commissioned by the Campaign for F..

October 18, 2024

Pennsylvania: sports betting and igaming growth offset land-based decline in September

Growth across sports betting and igaming helped offset a decline in the land-based market in Pennsylvania during September, allowing the Keystone State to post a 6.2% year-on-year increase in overall monthly gambling revenue.
Revenue for September was $505.9m (£387.9m/€466.5m), according to the Pennsylvania Gaming Control Board (PGCB). This surpasses last year’s total but falls 3.7% short of August this year.

Sports betting was the segment of most growth for Pennsylvania, with adjusted gross revenue rising 46.1% year-on-year to $53.5m. Of this, $47.2m came from online betting and $6.3m wagering via retail sportsbooks across the state.

In terms of player spending, monthly handle reached $811.3m, some 11.7% more than in the same month last year. This resulted in a state-wide hold on taxable revenue of 6.59% for September.

Focusing on operators, FanDuel and partner Valley Forge Casino Resort remain the runaway leaders in Pennsylvania. Revenue for the month reached $27.4m off $320.5m i..

October 18, 2024

New Jersey smashes igaming revenue record again in September

Online gambling revenue in New Jersey reached a new record high for the second straight month in September, while the Garden State also saw year-on-year growth in the sports betting market.
Total gambling revenue across online and retail in New Jersey hit $558.3m (£428.2m/€515.2m) in September. This is 7.1% ahead of last year and 0.6% more than August this year, according to the New Jersey Division of Gaming Enforcement.

Once again, the highlight for New Jersey in September was igaming, with revenue here up 27.1% year-on-year to $208.1m. This surpassed the existing record of €198.4m, which was set in August.

Revenue from content classed as ‘other authorised games’, including online slots and table games, jumped 27.6% to $205.9m. However, online poker revenue slipped 6.9% to $2.2m.

DraftKings remains the leading igaming operator with $45.8m in revenue for September. It was closely followed by long-time rival FanDuel on $45.3m. BetMGM also had a successful month with $26m.

As for mas..

October 18, 2024

Digital growth pushes year-to-date revenue to €2.10bn at FDJ

La Française des Jeux (FDJ) has reported an 11.9% year-on-year increase in revenue for its financial year-to-date, driven by growth within its digital business, while the group has set out full-year expectations after completing its acquisition of Kindred.
Publishing figures for the nine months to September, FDJ said revenue amounted to €2.01bn (£1.67bn/$2.18bn). This includes lottery, sports betting and igaming operations, as well as international and payment services.

The French monopoly operator reported growth across all areas of the business, although it saw the largest rise within its sports betting and igaming segments.

“FDJ continues to deliver a solid financial and non-financial performance,” FDJ chairwoman and CEO Stéphane Pallez said.

“This performance was driven both by the lottery and by sports betting and online gaming open to competition and by all our distribution channels, with a network of points of sale in progression and strong momentum from digital games.”

Grou..

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Daily Archives: October 18, 2024