Happy Monday, everyone. Sports betting news is as hot as the weather outside with plenty going on in multiple states preparing for fall launches.
Stay up-to-date with breaking news by following @LSPReport on Twitter.
Biggest upcoming sports betting news: New York Q&A due
It’s safe to say much of the sports betting world will have eyes on the mobile NY sports betting RFA process until the winners are announced, and this week is no different.
The New York State Gaming Commission is scheduled to release answers to the first round of questions from hopeful New York sportsbook operators on Thursday. Deadlines have not meant much in New York this year, though. First, the budget that authorized mobile betting was late, as was the release of the RFA details.
Those answers are the next step in a process that could carry into January. It likely will not be until the winners are picked that we find out key bid details, like how much revenue operators are really willing to share with the state. Brandt Iden of Sportradar suggested those revenue shares could get as high as 60%.
Meanwhile, New York’s next door neighbor Connecticut is working much faster to get its mobile betting market off the ground.
Mohegan Digital CEO Rich Roberts told LSR the company will market its FanDuel Sportsbook-powered online CT sportsbook to nearby states that are dragging their feet on mobile betting, including New York and Massachusetts.
Will PA numbers follow New Jersey’s steps?
Pennsylvania should report its June sports betting numbers this week, and mimicking New Jersey’s recent results would be a positive for the state.
New Jersey saw handle drop 6% from May to $767 million, but sportsbooks should be happy with the results. Heavy parlay betting led to a 9.3% hold, which translated to $71.3 million in sports betting revenue. That was a 35% increase over May.
Pennsylvania sportsbooks have seen handle drop the past two months after taking $560.3 million in bets during March.
Catch up on last week’s sports betting news
Here’s a rundown of some important stories from last week:
- Draft regulations for Maryland sportsbooks are finally out and ready for public review.
- Expect to see many more donations in the fight over open mobile sports betting in Florida.
- FanDuel Sportsbook selected Amy Howe as interim CEO.
- There have been reports that sports betting in Louisiana might be delayed from a lack of regulatory chairman, but that will not be the case, according to Christopher Hebert, the Louisiana Attorney General’s Office Gaming Division Director.
- Trading will be moved in-house for theScore Bet, which hired Patrick Jay and will move on from Bet.Works within 12 months. Parent company Score Media & Gaming reported its seventh straight quarter of net gaming losses.
Press release roundup
- BetMGM signed a partnership with the Pittsburgh Pirates that includes signage at PNC Park and a sponsored presence on social media.
- IGT will provide sports betting to the Snoqualmie Casino in Washington state.
- U.S. Integrity will provide monitoring services to the BIG3 basketball league to protect against “betting-related fraud and corruption.”
- WynnBET signed its first NFL partnership as the official sportsbook & gaming partner of the Detroit Lions.