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
They bring together top executives from leading gaming companies to discuss sports betting in front of thousands of industry professionals in Las Vegas, and engaging conversations, both public and private, are guaranteed. That was the case this week, like every year, at the Global Gaming Expo of the American Gaming Association, G2E for short.
The CEOs of FanDuel and DraftKings had what was described a “kumbaya moment” during their time together on stage. In their own panel discussion, however, the leaders of California’s major gaming tribes expressed nothing but contempt for the major commercial operators they say they do not respect, using the pending California Proposition 27 initiative as an example.
More broadly, there was talk of how the sports betting industry needs to evolve to build relevancy for new customers, using Uber’s own business development as a sort of paragon. Barstool Sports CEO Erika Nardini explained on behalf of owner PENN Entertainment how this company has helped transform traditional approaches to sports betting engagement. She wasn’t the only one prominent female speaker at the eventwhere the panels focused on trends leading to attracting more women to betting and positions in the betting industry.
Our reporting team has been all over the convention room following key discussions in Las Vegas, and we’ve also been following and writing about developments in the rest of the country, as last week’s reports from our many locations show.
Something to look forward to in the new year
Fanatics CEO Michael Rubin is targeting January for the company’s sportsbook launch
People keep saying it’s coming… soon
Yes, no, yes, no, make up your mind
Recent polls suggest support for California betting initiatives is growing
PENN is on the move… literally
It’s just not her thing anymore
GeoComply handles the non-profit Conscious Gaming and transfers the PlayPause RG tool
We plead addiction, Your Honor
You’re bad and see you in court
Maybe there should be a law against it
The wheels of government are turning slowly
There is money to be made from all of this
The hold rate for New York sportsbook remains at high levels
Ontarians bet $6 billion (CAD) on mobile sports, casinos and poker in Q2
The first month brings light income for sports betting in Kansas
Indiana Sports Betting Posts Record September Revenue of $51.2 Million
FanDuel dominates in Virginia
Iowa Sports Betting Posts Record September Revenue of $25.4 Million
NBC Sports Analyst Berry joins the nVenue team
After a successful summer of delivering predictive analytics for Friday night MLB games on Apple TV+, Dallas-based tech company nVenue announced Thursday that it is expanding into NFL microbeds.
The launch of nVenue’s micro betting markets for NFL betting coincides with the addition of NBC sports analyst Matthew Berry to the company’s advisory board. Berry, a longtime fantasy sports analyst at ESPN, joined NBC before the start of the NFL regular season.
Each week, nVenue will deliver approximately 70,000 football microbetting markets to sportsbooks and data providers via the company’s NextPlayLive API solution. While micro betting should be viewed as a fan engagement tool, Berry said nVenue’s technology expertise is taking rapid form of betting to the “next level”.
– Matt Rybaltowski
Keystar Corp acquires ZenSports
That was announced this week Keystar Corp. had taken over most of ZenSportsthe quirky, crypto-focused sports betting company that holds a gambling license in Nevada and had Themes at launch in Tennessee and Wyoming.
The deal currently includes all of ZenSports’ assets except for its two Nevada gaming properties, Book at Baldini’s in Sparks and Big Wheel Casino, a Truck stop slot operation in tiny lovelock. In an email, Mark Thomas, CEO of ZenSports, shared sports grip that the transfer of those two properties to Keystar “will occur later this year.”
– Mike Soul
Company moves of the week
With much of the industry gathering at G2E in Las Vegas this week, several stakeholders used the conference as a backdrop to announce new hires or changes in the C-suite. Here’s a look at a few:
The Light & Wonder board of directors appointed Matt Wilson as CEO and President and gave him a seat on the board. Wilson was formerly the company’s gaming CEO, replacing Gary Cottle. … After overseeing MGM’s acquisition of LeoVegas, Gary Fritz has been officially named president of MGM Resorts Interactive. He will oversee digital property expansion, including mergers and acquisitions. … Scientific Games announced that Mona Garland is the company’s new chief human resources officer. …Former Zynga creative director Joe Kaminkow is now Aristocrat’s chief innovation officer. …SciPlay Corp. appointed Jim Bombassei as executive vice president, chief financial officer and secretary, effective December 1. He is currently SVP at Light & Wonder.
— Jill R. Dorson
More of the most important, most interesting stories
NOTHING WRONG HERE, GO AHEAD: Las Vegas keeps celebrating, not to mention the ‘alleged recession’ [Bloomberg]
MAYBE BETTER FOR SOME WEATHER: Betr is the first US online operator to ban credit card gambling [iGaming Business]
BLINK AND YOU WILL MISS THESE BETS: PointsBet introduces “Lightning Bets”, a new NFL live betting feature [SportTechie]
IT BEATS BETTING ON UCONN FOOTBALL: Lamont marks the year of legalized sports betting in Connecticut with bets on Yankees [CT Insider]
It has been about a year since the first retail sportsbook opened in Connecticut and online sportsbook was launched.
A year ago I won one of my first sports bets on the New York Giants. See who I bet big on this time👇 pic.twitter.com/beWxOY21Kl
— Governor Ned Lamont (@GovNedLamont) October 7, 2022
WHAT TO DO WHAT TO DO: Sports betting format critical to Vermont’s legalization moves [The Center Square]
IT’S ALWAYS NICE TO BE THE FIRST: Circa Sports Colorado is the first company to integrate Global Payments gaming solutions [CDC Gaming Reports]
AND ANOTHER FIRST: BetMGM Adds First FedExCup Futures Market [PGATOUR.com]