Happy Monday, everyone. Sports betting news will be a bit slower than usual with Thanksgiving this week but there are still plenty of stories to follow for the rest of the year.
One of those stories is how the ruling out of the US District Court for the District of Columbia will impact Florida sports betting. The court ruled the entire Seminole compact with the state of Florida was against IGRA and therefore void late Monday night.
The decision, which came a week after the court’s self-imposed deadline, means the Hard Rock Sportsbook app could be shut down pending appeal. That is not the case as of early Tuesday morning.
Keep an eye on @LSPReport on Twitter for breaking news updates on Florida and any other major US sports betting news.
Top upcoming sports betting news: Still more earnings
There are two earnings calls to keep eyes on this week:
- Elys Game Technologies will hold its investor call at 8:30 am Monday. The company previously published its 10-Q which showed a third-quarter revenue dip of 17.2% after handle growth of 13.9% was offset by a 15.9% increase in payouts.
- Genius Sports will report its earnings before its 8 am Tuesday earnings call.
Arizona, Nevada reports right around the corner
Two important reports are expected the last two days of the month. Nov. 29 should bring the first report from Arizona sportsbooks, which launched alongside the NFL season.
The Arizona report will basically round out a record-breaking September except for a day of retail sports betting in Connecticut. While the record sports betting revenue should stand, that handle record should be short-lived if October reports stay on trend.
The full Nevada gaming report should be published by the end of November. Nevada sportsbooks already set a handle record in September but could be looking at another in October like most other US jurisdictions have reported.
Last week’s top sports betting news: More handle records
As of Friday, there were 12 handle records set by 13 reporting jurisdictions with only Montana missing a record. October included five full Friday through Sunday weekends which, combined with football season, is the perfect storm for record betting.
The biggest number so far was $1.3 billion reported by New Jersey sportsbooks for the month. Nevada could slide into second, but for now, here are the other record-setters:
- Pennsylvania: $776.3 million
- Michigan: $497.6 million
- Indiana: $461.1 million
- Tennessee: $375.3 million
- Iowa: $280.9 million
- Mississippi: $83.5 million
- West Virginia: $77.8 million
- Oregon: $37.6 million
- Washington DC: $26.3 million
- New York: $25.6 million
Total handle for the month is already nearly $4 billion.
Caesars Sportsbook joins BetMGM in MSG partnership
Caesars Sportsbook is joining BetMGM as an official NY sports betting partner of the New York Knicks and Rangers, as well as their home arena, Madison Square Garden.
The deal with Caesars included an extra partnership. Caesars is also listed as an official sports betting partner of MSG Networks.
This is the first direct sports betting deal Caesars did concerning New York but the second with New York ties. The brand also signed the Manning family – including two-time Super Bowl-winning Giants QB Eli Manning – as ambassadors as well.
The nine license winners in New York are in a race to launch with the first books possibly live as soon as December.
Other top sports betting news
- Disney did some research and found out sports betting would strengthen the ESPN brand without an impact on the main brand concerned with the Mouse and his crew.
- Five Maryland sportsbooks were approved last week but for retail only. Online MD sports betting might not launch for another year.
- IGT wants to spin off its digital and betting business into a separate entity in the next year. That could include a separate public listing.
- Sportradar reported strong results as well as an expanded deal with the NBA which includes the league taking 3% ownership in exchange for worldwide NBA data rights through the 2023-24 season.
- MGM Resorts might be ready for another run at an Entain acquisition, according to LSR‘s Brad Allen.
- Mobile NC sports betting is basically dead for this year, according to the sponsor. It’ll be eligible for action when the legislature returns in April.
- Sen. Kirk Schuring said he understands the frustration over the delay in passing a bill to legalize Ohio sportsbooks but still expects a bill to pass by the end of the year.
- Wynn Interactive is no longer moving forward with a public listing through a SPAC.