Get a Grip — Sports Betting Week: New York is cooling down

There’s information overload everywhere, and there’s not enough time to sleep and eat and keep up with what’s happening on our crazy blue dot (two out of three isn’t bad). Here’s the weekend’s Sports Handle article, ‘Get a Grip’, which rounds up the top of the week US Sportsbook Headlines, highlighting some fresh news and summarizing important stories.

Top stories about our network this week

New York State has been the star at the center of the commercial gambling universe for so long in the past year: record sports betting figures! Vegas-style casinos are coming to New York City! Online Casino Legalization Around the Corner!

Well, last week’s news has slowed things down a bit, as has rush hour traffic trying to get through Manhattan. Yes, the New York sportsbook made $108.2 million in February, which is nice, but that was the lowest since August.

When it comes to licensing three casinos that should bring billions of dollars to the state from related fees, the bureaucracy is mired in the mire of scrutinizing hundreds of questions from interested parties before moving forward. It could be years before new casino revenue arrives.

As for allowing online casinos – which all digital operators know can be a far bigger cash cow for them than sports betting – at least for this year. The New York Senate’s chief mover of gambling laws expects iCasinos to be legalized one day, but his peers didn’t show an appetite for it in early 2023.

As the largest state with legalized sports betting and uncertain expansion opportunities in California, Texas and Florida, New York will continue to dominate conversations centered on how and where operators are making money and how much. But there’s a little more caution now about the additional growth there. sports grip and its network of locations will continue to follow developments there closely, as we do across the US, as illustrated by last week’s stories:

how are you

Massachusetts had 8.1 million geolocation transactions in the first mobile weekend

Massachusetts books $25.7 million in February sports bets

Massachusetts commission holds hearing on betting violations, penalties unclear

These guys are born every minute

Pre-made equal game parlays are suction bets

All good things in time

In the long run: AGA exercises patience in the fight against offshore books

A question of responsibility

What’s wrong with responsible gambling?

yes it is that time of year

AGA: 68 million Americans are expected to bet on March Madness

When you think Vegas is crazy…

Las Vegas in full game planning mode to host its first Super Bowl

Sportsbook lifting all boats

Media Notebook: Boosted by sports betting, CBS and Turner deals, they’re looking savvy

Nothing comes for free, so don’t say it

The “risk-free” crackdown now extends to Pennsylvania

It sounds tough for a small country

Will Maine’s Proposed Wagering Regulations Deter Operators?

What the legislature intends to do

Efforts to legalize sports betting in Georgia will come alive again in 2023

Georgia House Speaker suggests efforts to legalize betting are not dead

Kentucky Sports Betting Bill Passes Senate Committee

Sports Betting Bill by the Kentucky House of Representatives

The North Carolina legislature is submitting a bill to legalize mobile sports betting

West Virginia bill to audit betting sites fails, Maryland efforts still live

Iowa Internet Casino Gambling Bill Submitted to General Assembly

It’s a numbers game

New Jersey gaming revenue falls to $412.2 million in February

Pennsylvania bettors were beaten along with their Eagles in February

Illinois raises its sports betting record to $1.07 billion

Arizona books $572 million in sports betting for December

Barstool drops the phrase “can’t lose.”

According to the Massachusetts Gaming Commission, Barstool has advised Sportsbook that it will no longer refer to one of its betting offerings as “Big Cat Can’t Lose Parlay”. Loretta Lillios, head of the MGC Investigations Enforcement Bureau, told commissioners this week that they needed to determine whether the advertising long used by PENN Entertainment’s online sportsbook violated regulations, and if so, what action to take are. The decision was to hold a court hearing on the issue and possibly impose a fine or penalty.

Lillios also requested that Plainridge Park and Barstool Sportsbook give the MGC a heads up to consider similar actions in the future. So far, the MGC has opted to hold special hearings on each potential violation, including two earlier this week on betting menu violations by Plainridge Park and Encore Boston Harbor, both of which accepted bets on Massachusetts college basketball games in violation of state rules .

— Jill R. Dorson

Vermont is nearing the legalization vote

Vermont’s House Ways and Means Committee on Thursday approved an amended version of HB 127:11-1 and sent it to the Appropriations Committee, the final stop before the bill could go to the House for a vote. The bill provides for up to six digital (non-retail) sports betting platforms and the state Department of Liquor and Lottery would be the regulator.

No tax rate is specified in the bill, allowing for a revenue sharing plan to be drawn up by the regulator and operators. The bill bans betting on Vermont college teams unless they are participating in a tournament and sets the legal age at 18.

In an interesting twist, the bill would allow annual license fees to be tiered based on the number of active operators. If there is only one operator, the annual fee would be $550,000, but it drops to $125,000 if there are six. Vermont has been the only non-legal New England state since lawmakers in Maine and Massachusetts legalized wagering in 2022. Legislature is expected to adjourn May 19.

— Jill R. Dorson

More of the most important, most interesting stories

MUCH PESSIMISM ABOUT LEGALIZATION: Analyst: Politics negative for iGaming, sports betting [CDC Gaming Reports]

SOMEONE HAS TO TEACH THE CONGRESS: The Nevada congresswoman is passionate about educating colleagues about gaming [Las Vegas Sun]

IN A CAMPUS OBJECTIVES: The risks student athletes face amid the sports betting boom [PBS NewsHour]

WILL HE PUNCH OR WILL NOT? Pat McAfee Could Say Goodbye To FanDuel Deal Worth Over $120M [New York Post]

THESE HOLDERS WILL COST A LOT: March madness will cost employers billions in lost productivity [Entrepreneur]

NORTH DAKOTA DEBATING WHAT TO DO: Amendment of the sports betting law fails with one vote [KXNET]

FIRST THINGS FIRST, NO SPORTS BETTING: Golden Nugget Danville sportsbook will not open when the casino does [The News-Gazette]

NO COMPLAINTS ABOUT PORTNOY HERE: Analyst: Bartstools controversial founder Portnoy no problem for PENN [CDC Gaming Reports] Get a Grip — Sports Betting Week: New York is cooling down

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