• About Us / Contact
  • Responsible Gambling
This site contains commercial content
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News
No Result
View All Result
SportsHandle
No Result
View All Result

Get A Grip: The Week In Sports Betting: CT, NJ Numbers, From TribalNet

CT lawmakers could revisit sports betting while experts talked about rewards, risks of opening a sportsbook at conference

Jill R. Dorson by Jill R. Dorson
November 15, 2019
in Regulation
Connecticut sports betting
Share on FacebookShare on Twitter

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 and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

CT lawmakers moving on sports betting?

According to the Hartford Courant, Connecticut Democrats may pick up the sports betting — and marijuana — baton again in an effort to help fund Governor Ned Lamont’s transportation package without raising tolls.

Sports betting has been the subject of numerous meetings, hearings and discussions in Connecticut, but lawmakers have been unable to come to enough of a consensus to move a bill. Part of the equation is resistance over exclusivity with Native American tribes, in connection with tribal-state compacts.

But regarding the toll system, Democrats have not been able to rally enough support to get something through the legislature, so they are seeking alternatives. The key concern, however, is whether the potential tax revenue that could be generated from either sports betting or marijuana would be enough to pay for Lamont’s package.

Risks, rewards of adding sports betting

NASHVILLE — Experts on sports betting were quick to share the rewards tribal casinos could garner from adding sportsbooks to their repertoire earlier this week at a panel titled “Sports Betting: Where is it now, what’s ahead and where should my property be?” at the TribalNet conference.

In general, the panelists — Chalkline Sports CEO and co-founder Daniel Kustelski, John Holden, assistant professor, Spears School of Business at Oklahoma State, Kevin Slicker, managing partner at GP Gaming Consultants, and Andrew Patterson, vice president of business development at BetGenius are bullish on sports betting. It brings in “a different demographic and a larger draw on Sundays,” said Patterson, whose company works with the tribal Golden Moon Casino in Mississippi. “People are staying to the end of the game, and 40 percent of sports bettors spent on other verticals.”

Patterson drew a laugh when he summed his vision of sports bettors: “We are promiscuous. We like the action, the sweat.”

The panel fielded questions on everything from why a tribal casino would want to add sports betting to what sorts of wagers consumers are interested in. Sports betting has shown to increase casino revenue by 10-15 percent, said Kustelski, who added that “bettors prefer lottery-style wagering, where they can bet $1 to win $100 versus standard sports betting, where you might bet $110 to win $100.”

The positive vibes and enthusiasm around starting a sportsbook weren’t surprising, considering that all of the panelists (with the exception of Holden, who pointed out that just reopening a tribal-state compact comes with risk) have a vested interest in the expansion of sports betting. Despite that, they made it clear that nothing is a sure thing.

“It’s not risk free,” said Kustelski, who also discussed the high cost of customer acquisition. “It’s highly unlikely you’ll lose money over the course of a year, but, of course, you can.”

More of the most important stories

This is October 2019.

Sports Wagering Gross Revenue was $46.4 million for the month

Hold % was 9.5 for the month.

— Sports Handle (@sports_handle) November 14, 2019

UP, UP AND AWAY: NJ sets another record in October, nears half-billion dollars in handle [NJOG]

THUMBS UP: Caesars Entertainment-Eldorado Resorts merger gets shareholder approval [WSJ]

A LITTLE PERSPECTIVE: Reasons not to totally embrace CA’s latest news. [CDCGaming]

LAUNCHED: Yahoo! makes foray into sports betting in conjunction with BetMGM  [AwfulAnnouncing]

ESPORTS HAS ARRIVED: FanDuel takes first U.S. bets on eSports. [SportTechie]

FOR SALE? Tribe offers to “buy” gaming rights for all of Alabama. [ALReporter]

SUCCESS: Sports betting is going great at Oregon’s Chinook Winds. [NewportNews]

NEW OPTION IN PA: Unibet is testing its sports betting apps this week ahead of launch. [EGR]

HINT, IT’S MOBILE: Why New York is lagging in sports betting revenue [NYUp]

NJ sports betting gross revenue for October: $46.4M
NY sports betting gross revenue for October: $2.2M

but NY has way more people, so….. pic.twitter.com/FMLxVqQJb8

— John Brennan (@BergenBrennan) November 14, 2019

SHOW’S OVER: Vegas’ D Casino shuts down shows in favor of sportsbook. [ReviewJournal]

SHOW ME THE MONEY: AC mayor angry city not getting cut of sports betting tax pie. [PAC]

SILVER WAS ON THE MONEY: Revisiting NBA chief’s pro sports betting 2014 op-ed. [ESPN]

WHO’S THE BOSS?: OH lawmakers: Lottery or Casino Commission? [Dispatch]

"Iowa gamblers continue to double down on sports wagering… placing $46.5 million in bets last month that pushed the overall handle for wagers online or in person to $93.6 million"

Fast-growing Iowa sports betting still has 'potential' for growthhttps://t.co/RA14gw4ejS

— Alfonso Straffon 🇨🇷🇺🇸🇲🇽 (@astraffon) November 13, 2019

 

In the wider world of sports

TIME TO TANK? Should the Warriors just throw in the towel? [SI]

WHO’S NO. 1? Ranking every QB taken in the first round this decade. [Yahoo!Sports]

BLACKBALLED: 5 teams that should seriously consider Kaepernick [SBNation]

Breaking: The Portland Trail Blazers are signing Carmelo Anthony, league source tells @wojespn. pic.twitter.com/hNw84cUeQT

— SportsCenter (@SportsCenter) November 15, 2019

NEW SPACE: The Phoenix Suns unveil plans for Talking Stick Arena renovation. [ArenaDigest]

THAT’S PRICEY: Raiders new stadium price tag approaching $2 billion. [LVSportsBiz]

Also around our network

University compliance officers: Sports betting education never ends.

Take me out to the ballgame — I want to place a bet.

California dreamin’? Tribes take first step toward legal sports betting.

PGA Tour mindful of data piracy risks as launch of shot-by-shot betting nears.

Number of PA online sportsbooks grows, but odds and lines look all too familiar.

James vs. Emma II: The Jeopardy! rematch is on!

Tennessee Council on Sports Betting to meet Nov. 21.

Spectrum wins bid to conduct New York sports betting study. 

Indiana crushes Iowa in sports betting handle for October.

New Jersey the test case for Yahoo’s sports betting entry.

Georgia pro teams form coalition pushing for legal online sports betting.

ShareTweetShare
Jill R. Dorson

Jill R. Dorson

Jill has covered everything from steeplechase to the NFL and then some during a more than 30-year career in sports journalism. The highlight of her career was covering Oakland Raiders during the Charles Woodson/Jon Gruden era, including the infamous “Snow Bowl” and the Raiders’ 2003 trip to Super Bowl XXXVII. Her specialty these days is covering sports betting legislation across the country. You can reach Jill at [email protected]

Related Posts

graton-rancheria-casino-exterior
Industry

California Tribal Leaders: We Have Support And 2024 Initiative Not Out Of The Question

March 29, 2023
get a grip graphic
Industry

Get A Grip — The Week In Sports Betting: Talking Brackets In School

March 24, 2023
Load More

Top Stories

taylor mathis

Taylor Mathis Got Sacrificed At The Altar Of Responsible Gambling

March 20, 2023
fanduel baseball wall

Premade Same Game Parlays Are Sucker Bets

March 13, 2023
maginfier-over-small-print

Read The Fine Print: A Proposed Federal Rule Could Change Everything For Indian Gaming

March 6, 2023
roman reigns wwe

Colorado Denies Report Stating That It’s Considering WWE Wagering

March 8, 2023

State Sports Betting Guides

Ohio (U.S. state) flag waving against clear blue sky, close up, isolated with clipping path mask alpha channel transparency, perfect for film, news, composition

Ohio Sports Betting – Where To Play, Bonus Offers And Promo Codes

by Brian Pempus
March 27, 2023

Downtown Detroit at twilight (Shutterstock)

Michigan Sports Betting – Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 27, 2023

VA captial

Virginia Sports Betting – Where To Play, Online Sportsbooks And Bonus Offers

by Brett Smiley
January 17, 2023

nj flag

New Jersey Sports Betting — Where To Play, Online Sportsbooks, And FAQ

by Brett Smiley
March 22, 2023

pa online sportsbooks

Pennsylvania Sports Betting – Where To Play, Online Sportsbooks And Bonuses

by Brett Smiley
October 6, 2022

Canada Sports Betting Guides

Canada Sports Betting – Best Sportsbook Apps & Bonus Offers

British Columbia Sports Betting – Legal Update, Available Sportsbooks, and FAQ

Ontario Sports Betting – Legal Status And Where To Play

SportsHandle

  • Analysis
  • Casino
  • Features
  • Horse Racing
  • Industry
  • Legal
  • Legislation
  • Opinion
  • Podcasts
  • Poker
  • Politics
  • Promotions
  • Regulation
  • Sports
  • Uncategorized

Better Collective

This website is owned and operated by Better Collective USA. Trademarks and copyrights referenced on this website are and shall remain the exclusive property of their respective owners and/or licensors. Please be sure to visit the operator’s website(s) to review their terms & conditions. We advise you to read these carefully as they contain important information. Copyright © 2023 USBets.com | Better Collective USA
21 Play Responsibly
Gamble Aware West Virginia
Gambling Problem? Call 1-800-Gambler.
GameSense

Search Sports Handle

No Result
View All Result
  • About Us / Contact
  • Responsible Gambling

No Result
View All Result
  • US Sports Betting
    • Arizona
    • Arkansas
    • Colorado
    • Connecticut
    • Delaware
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Louisiana
    • Maine
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • New Jersey
    • New Mexico
    • New York
    • Ohio
    • Oregon
    • Pennsylvania
    • Tennessee
    • Virginia
    • West Virginia
    • Wyoming
  • Pending States
    • California
    • Florida
    • Georgia
    • Missouri
    • North Carolina
  • Canada
    • Ontario
    • British Columbia
    • Alberta
  • Sportsbook Apps
    • FanDuel
    • BetMGM
    • Caesars
    • PointsBet
    • BetRivers
  • Tools
    • Sportsbook Bonuses Explained
    • Sports Betting Revenue Tracker
    • Sports Betting Podcasts
    • Partnership Tracker
    • Expected Value
    • Sports Scores And Odds Apps
    • Sports Betting Twitter
  • News

loading

Please wait while you are redirected to the right page...