Latest Sports Betting Updates: SBC, Emergence of New Caesars Book in NOLA, WSOP, and Additional Highlights
Weekend Sports News Roundup: Top U.S. Sports Betting Stories
In the ever-evolving world of sports, here are the week's notable U.S. sports betting updates, with a focus on fresh insights, significant happenings, and essential background.
The Happenings from the SBC North America Summit
The SBC North America Summit, held in New York and New Jersey, provided valuable insights into the sports betting industry. Among the interesting discussions were:
- A panel exploring the potential pitfalls of legal sports betting involving NCAA athletes.
- A comprehensive talk with Mattress Mack, a popular sports bettor, although not everyone's favorite.
- A presentation on the entry into the online casino space.
- An insightful conversation with FanDuel CEO Amy Howe.
More in-depth coverage is expected in the coming weeks.
California Democrats Vote Against Online Sports Betting
California's Democrats have voted to oppose online sports wagering, adding another layer to the ongoing debate about its legalization in the state.
DraftKings CEO Remains Cryptic on California Sports Betting Initiatives
Despite the ongoing discussions, DraftKings' CEO has remained tight-lipped about the company's plans for California's sports betting market.
The Continuing Saga of the Wire Act
Although the 60-year-old Wire Act still holds legal weight, its ambiguity remains a challenge and has sparked ongoing discussions in the industry.
Mobile Sports Wagering Launch in Maryland Edging Forward
The launch of mobile sports wagering in Maryland is slowly progressing, with key developments expected soon.
Criticism of GambetDC’s Performance in D.C.
Council members in D.C. have expressed dissatisfaction with GambetDC's performance, raising questions about the system's efficiency and user experience.
Lack of Mandated Gambling Education for Kids
In several states, there is no mandatory gambling education for children, which raises concerns about minors' exposure to sports betting and responsible gaming practices.
Moves in Ohio and Canada
Caesars heads a group pushing against the Ohio application deadline, aiming for an extension. Meanwhile, a new online gaming site plans a November launch in Saskatchewan, Canada.
Revenue Reports and New Caesars Sportsbook Plans
New York extended its billion-dollar sports wagering handle streak, despite a dip in volume. New Jersey is also maintaining a record sports wagering pace, with FanDuel spearheading strong performances in Illinois. Conversely, Indiana's sports wagering handle dropped significantly for June, while Maryland's recorded a significant monthly decline.
Meanwhile, Caesars Sportsbook has unveiled renderings for its new sportsbook and poker room in Harrah's New Orleans, set to be the largest poker room in Louisiana. The venue will boast a modern video and audio system, as well as tableside beverage service.
BetMGM Renews Partnership with Major League Baseball
BetMGM has renewed its partnership with Major League Baseball, granting access to MLB data and co-branding opportunities for fan experiences. The renewal follows the successful collaboration of the two entities for the past four years.
Chalk + Dog and Smarkets Expanding in the U.S.
Square in the Air and CTP have joined forces to create Chalk + Dog, a sports betting-focused advertising and marketing firm. The new agency aims to offer comprehensive services to B2B and B2C companies. Meanwhile, Smarkets, a European-based exchange-trading company, is opening a new office in Washington, D.C., to cater to the growing U.S. sports betting market.
FanDuel FanFest Coming to Chicago
The FanDuel FanFest, scheduled for September 10 at Guaranteed Rate Field in Chicago, will feature headline performances by Wiz Khalifa and Alesso, as well as challenges led by several local sports luminaries.
World Series of Poker Main Event Final Table Set
The World Series of Poker Main Event has been narrowed down to its final 10 players, with the final table set to take place from September 2 to 4. Norway’s Espen Jorstad and Washington, D.C.’s Matthew Su currently lead with 83.2 million in chips.
Sources:
[1] Sports Handle
[2] Legal Sports Report
[3] California Casinos
[4] Global Gaming Business
[5] Forbes
- At the SBC North America Summit, a panel discussed the potential risks associated with legal sports betting involving NCAA athletes.
- During the summit, a comprehensive talk with Mattress Mack, a popular sports bettor, highlighted the world of sports betting, although he may not be everyone's favorite.
- In the ongoing debate about the legalization of online sports betting in California, DraftKings' CEO has remained silent about the company's plans for the state's sports betting market.
- Despite the ambiguity surrounding the 60-year-old Wire Act, sports-betting companies are still planning and launching new initiatives, such as Caesars Sportsbook's new sportsbook and poker room in Harrah's New Orleans.
