It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad). Here’s the weekend Sports Handle item “Get a Grip,” recapping the week’s top U.S. sports betting stories, highlighting some fresh news, and rounding up key happenings.
Top stories around our network this week
The sports betting revenue reports for June kept arriving from the various legalized states this week, and naturally, they didn’t get any better. Michigan‘s sports betting handle? Down from May. Pennsylvania‘s sports betting handle? Not only down from May, but down from June of 2021.
These kinds of downturns are to be expected in summer months. While most of the 30-plus legalized sports betting states have little in the way of track records for comparison, the long history of Nevada sports betting has made clear the summer swoon that sportsbooks can expect as the sports calendar veers away from big-time basketball action and football is yet to kick off.
The nice news is that with the June reports out of Pennsylvania and Michigan, the $10 billion mark in total revenue earned has now been reached collectively by all of the sportsbooks in all of the legal states since the U.S. Supreme Court’s May 2018 PASPA decision. Our staff will continue tracking the ever-growing breadth of revenue reports, in addition to a wide range of other topics as shown below.
Show me the money
Gaming achieved $5B revenue in PA fiscal year despite June slowdown
It’s shaping up to be a cruel, cruel summer for Michigan sportsbooks
June Louisiana wagering handle down, retail books barely finish in the black
New York sports betting volume hits new weekly low
All-time sports betting handle in Connecticut surpasses $1 billion
Me gambling? You must be joking
The consequences of perception: What if sports bettors don’t consider themselves gamblers?
You got a problem with this?
As New York ponders legalizing iGaming, leaders worry about addiction
Enough with the ads already, sheesh
When does marketing of sports betting become oversaturation?
Burns: No rollbacks on rigorous Ontario sports betting ad standards for now
The tribes have a say in all this, you know
Court schedule ensures no 2022 resolution in Florida compact case
Seneca Nation launches publicity campaign ahead of compact gaming talks
Michigan can serve as a gambling blueprint for tribes, government
Hey, let me in, too
Underdog, Fanatics among unusual list of Ohio sports wagering applicants
Sporttrade set to launch in New Jersey in time for NFL season
New management structure at FanDuel
FanDuel this week announced that Christian Genetski has been promoted to president of the FanDuel Group and Mike Raffensperger has been named chief commercial officer, a new position in which he will oversee revenue generation and content and programming. Both are internal moves.
“It cannot be overstated how seminal both Christian and Mike have been to not only the success of FanDuel but to the industry more broadly,” CEO Amy Howe said via press release. “Each have helped nurture and evolve FanDuel from innovative upstart to the dominant market leader in sports betting and iGaming.”
— Jill R. Dorson
Circa to soon offer contests in northern Nevada
This fall will mark the first time Nevada bettors interested in Circa Sports’ season-long NFL contests can enter without traveling to or having a proxy in Las Vegas. The company this week shared plans for a northern Nevada sportsbook that will feature stadium-style seating and a 10-by-15 video board at Legends Bay in Sparks.
Bettors interested in the Circa Millions IV or Circa Survivor Contest will be able to register in person or via proxy at the new location through Sept. 10. Previously, anyone who played in Circa’s or SuperBook’s contests was required to appear in person or via proxy at a Las Vegas-area location.
Circa didn’t provide a hard date for the Legends Bay opening, but pointed to later this summer. The company has live digital platforms in Colorado and Iowa with plans to open a temporary sportsbook in Illinois.
— Jill R. Dorson
More of the most important, interesting stories
THIS TOO SHALL PASS … OR NOT: Massachusetts sports betting bill in jeopardy [MassLive]
THE LITTLE STATE THAT COULD: Vermont lawmakers to revisit sports betting measures [WCAX]
ANOTHER IN THE PADDOCK: Caesars horse racing betting app continues expansion [Las Vegas Review-Journal]
DINGBATS OVERSEEING DINGERS: Betting controversies surround Home Run Derby [Sports Illustrated]
THE HOME RUN DERBY WAS RIGGED. KYLE SCHWARBER HIT 20 pic.twitter.com/5Lp85xrLHf
— Did the Phillies Lose? (@DidthePhilslose) July 19, 2022
THE RACE IS ON: Kansas Speedway renames NASCAR Cup race as Hollywood Casino announces sportsbook [The Kansas City Star]
NO TEMPLE OF DOOM: Community meeting aims to ease fears about Medinah Temple’s temporary future as casino [Chicago Sun-Times]
WELCOME TO THE PARTY: Peru votes to legalize betting and iGaming [iGaming Business]
OK, WE’RE GONNA SET SOME LIMITS HERE: Belgium to introduce 200-euro weekly deposit limit [iGaming Business]
