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Get A Grip: Coronavirus Impact On Sports Betting, Sportsbooks Edition

Most of the news that's fit to link at a turbulent time nationwide

Brett Smiley by Brett Smiley
March 22, 2020
in Business
(Shutterstock)

(Shutterstock)

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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 stories, highlighting some fresh news and rounding up key stories in the world (and industry) of legal U.S. sports betting. 

A focus on coronavirus impact:

MARCH SADNESS: In Atlantic City, a walk on the boardwalk after casinos close [NJOG]

FIRST-PERSON: The day March Madness died: what’s a sportsbook to do without sports? [SH]

NEVADA: Gaming recovery from pandemic will take more than a year, costing $39 billion [CDC Gaming]

NEW JERSEY: Atlantic City casinos offering temporary paid leave, extending benefits during shutdown [Press of AC]

NATIONWIDE: NIGA Chairman Stevens releases statement amid ‘unprecedented times’ [Native Biz]

HOLDING PATTERN: Casinos and forthcoming Colorado sportsbooks have to adapt to interruptions [Denver Post]

MOUNTING: Betting firms begin to tally up their coronavirus losses [Fortune]

DOWNTURN: Nearly $74 billion in annual wages at risk by casino closures, AGA says [US Bets]

Colorado Limited Gaming Control Commission forging ahead with sportsbook licensure

With a May 1 sports betting “ready” date for regulations built into Colorado law, the state’s Limited Gaming Control Commission on Thursday handled business as usual, approving 16 licenses. The meeting was held via video conference. Operators FanDuel, Fox Bet and PointsBet all got unanimous approval for Temporary Internet Sports Betting Operator Licenses. The commission also approved Master License applications for three casinos owned by Twin River Worldwide Holdings and three owned by FHR Colorado LLC.
According to Centennial Bets, the commission also heard from the Colorado Gaming Association about concerns regarding layoffs in the battered gaming industry amid the coronavirus crisis. Colorado voters approved sports betting last November by a slim margin. The new law will allow for sports betting statewide at retail locations and via mobile device. It will be legal to bet on all professional and college sports.

DC Lottery close to launching sports betting app and website

The “wait” may be nearly over for Washington, D.C. sports bettors. Unfortunately, if the DC Lottery’s sports betting app and website do go live later this month, there won’t be much of anything to wager on. As the coronavirus crisis continues to shut down activities around the world, the DC Lottery and its controversial partner Intralot are still planning to go live with their offerings later this month, according to the DC Lottery Board.

“Our goal for that is the end of this month; however, it is important to note that almost all professional sports leagues globally have indefinitely suspended play amidst the growing concerns around COVID-19, so there will likely be little-to-no games or bets to offer in the coming weeks,” Office of Lottery and Gaming spokesperson Nicole Jordan wrote in an e-mail earlier this week.

Bettors will be able to wager on phones, mobile devices or online — using the DC Lottery’s product, exclusively, a decision made by the DC Council and the lottery board. The OLG will release the name of the new app as well as some branding information in the “coming weeks,” and Jordan did say that the launch date of the products is fluid pending the evolution of the coronavirus crisis.
All of that said, if the Intralot-produced sports betting platform (limited to kiosks) rolled out in Montana is any indication, DC bettors possessing brains or any experience probably will stick to their usual devices.

Once again states with lottery sports book solutions have embarrassed themselves. The lottery has absolutely no business here. Just so you know the lines on the games are
approximately a 12.5% hold. The norm is -110 on both sides or 4.5%. Don't be suckered in Montana pic.twitter.com/UNRCaWgjFY

— Robert Walker (@robertusfsports) March 12, 2020

Other important, interesting stories of the week

NEW RECORD COMING: PA sportsbooks saw drop in betting action in February for first time since May ’19 [PennBets]

PLAYBOOK: Self-isolated NFL players engage in group chats, workouts [AP NFL]

GROUNDED: What does a pro sports bettor do without sports to bet on? [Chalk]
LIMITED: As sports shut down, gamblers and bookies try (and fail) to find enough games to bet [WashPo]

SEAT AVAILABLE: Online gambling stands ready as casinos close [WSJ]

.@NASCAR tonight is announcing a new @iRacing invitational series with star drivers, an idea born from coronavirus situation.

➖ @FoxSports in talks to air first race Sunday but no confirmation yet.

➖ Participants include @KyleBusch, @DaleJr., @DennyHamlin, @KyleLarsonRacin. pic.twitter.com/EHEzjbTQPm

— Adam Stern (@A_S12) March 18, 2020

SUITS: DraftKings boosts DC lobbying efforts with new hire [EGR]

BALLOT BOX: Will Maryland sports betting referendum gain public support? [SH]

A LOOK BACK: Lawyers, props and money: Oral history of the first DK sports betting Nat’l Championship [NJOG]

CHURCHILL: Kentucky Commission votes to move Derby to September [Hoosier State]

Here is the latest episode of @GTCashConsider podcast

It’s raw, it’s real and it’s available.

We talk about the Coronavirus how it’s impacted sports books along with everybody’s life

We even got to some NFL stuff

At home or on a walk, take a listen…https://t.co/6B8aly2zOF

— Sportsbook Consigliere (@SportsbkConsig) March 17, 2020

 

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Brett Smiley

Brett Smiley

Brett Smiley is editor-in-chief and co-founder of Sports Handle, which joined forces with the US Bets team in November 2018. He focuses on the sports betting industry and legislation. He's an avid sports bettor himself, mainly on NFL and college basketball contests. In a past life, Smiley practiced commercial litigation in New York City and previously wrote for FOX Sports and SI.com. He lives in New Jersey with his family.

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