The ongoing saga between the parimutuel company, West Flagler Associates, and the Seminoles’ monopoly on mobile sports betting continues as the former is asking the nation’s highest court to intervene and adjudicate the matter once and for all.
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NCAA President Charles Baker calls for Ohio to ban college player props due to risks and harassment faced by student-athletes. Supported by Gov. DeWine, proposed changes aim to protect athletes and game integrity. Decision pending after Feb 21 meeting.
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Efforts to introduce sports betting in Minnesota encounter tribal opposition, mirroring challenges in other states. Senator Miller sponsors the Minnesota Sports Betting Act 2.0, aiming for in-person betting at sports venues and tracks. Mobile betting, with potential tribal involvement, is proposed, but tribal concerns about gaming exclusivity linger.
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Alabama, once conservative on gambling, sees a surprising turn as the House votes overwhelmingly in favor of comprehensive gambling bills, including sports betting, casinos, and a state lottery.
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Industry News
U.S. Sports Betting Achieves Milestone: Surpasses $100 Billion Handle in 2023 Amidst Growing Industry Trends
The U.S. sports betting industry has reached an unprecedented milestone, exceeding a $100 billion handle for 2023. Fueled by emerging markets like Maryland and New York’s mobile segment, the robust growth reflects a 33% increase in wagers compared to the previous year, according to the American Gaming Association. The industry’s vitality is expected to persist into 2024, with more states contemplating legalization.
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Vermont is poised to launch online sports betting on January 11, marking the realization of Governor Phil Scott’s signed legislation. Mobile platforms from DraftKings, FanDuel, and Fanatics Sportsbook will operate, offering various promotions. The state projects revenue of up to $7 million in 2024.
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Industry News
Alabama Lawmaker Advocates for Gaming Crackdown as Prelude to Potential Sports Betting Legislation in 2024
Alabama Rep. Andy Whitt, is leading the charge on gaming legislation, unveils a stark reality of rampant illegal gambling across the state. His 14-month exploration revealed 45 illicit gaming facilities, urging a crackdown as a precursor to any potential expansion, emphasizing stringent enforcement and regulation.
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Amidst a transformative surge in online casino revenue, the U.S. iGaming sector has witnessed a groundbreaking shift, surpassing $4.8 billion in the first 10 months of 2023. Frontrunners New Jersey and Michigan lead the wave, with October alone contributing $542.7 million, propelling the industry towards an anticipated $5 billion annual mark.
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North Carolina’s mobile sports betting, delayed until after the Super Bowl, grapples with regulatory complexities. Commission Chair Ripley Rand underscores the intricate decision-making process, while Bet365 secures a 10-year deal with the Charlotte Hornets, aligning with the state’s sports betting law.
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Despite legal challenges, Florida’s sports betting, managed by the Seminole Tribe, persists. The state’s Supreme Court refrained from intervention, allowing the tribe to relaunch its app and introduce in-person betting. Legal battles continue, impacting the state’s unique “hub and spoke” gambling structure.
