Happy Monday, everybody. As the sports calendar reaches its slowest point of the year, there is still plenty of sports betting news with eyes on states like Ohio and Massachusetts.
The LSR Podcast had a lot of hot topics for its most recent episode, including Jason Robins, CEO of DraftKings always talks about limiting sharp objects and insider trading allegations surrounding the Penn National-Score Media merger.
As always, there are multiple ways to get updates from LSR during the week. Follow LSR on Twitter @LSPReport and tune in NewsWire on SportsGrid Monday to Friday at 2:25 p.m. Eastern Time for a recap of the day’s biggest stories.
Top Sports Betting News: Still Trading in MA
There were no significant updates to share on the conference committee negotiating a Massachusetts sports betting bill, President Jerry Parisella Told LSR Monday.
“The only update is that we are still working out the differences and hope to introduce a bill before the end of the session,” Parisella said.
Both parties have until the end of the official session of the July 31 to pass a bill. Tax rates, college bets, total license counts and a proposed advertising ban are key issues that need to be addressed.
CT feels MA bump, what about NH & RI?
Pay attention to May income reports from New Hampshire and Rhode Islandboth of which are slated for release this week, to positively impact Massachusetts.
With 14 state reports, the may grip is down April around 12% on average. That’s no surprise, of course, as spring is usually the start of the sports betting downturn that continues until NFL betting resumes.
Connecticut sports betting bucks this trend, however, with the handle down just 1.1% from April. The reason seems simple: the inhabitants of Massachusetts had to travel to bet on the Boston Celtics in the NBA Playoffs.
Considering the Celtics did the NBA FinalsJune reports for these three states are also expected to show a positive uptick.
Sports betting news from the past week: Ohio open for applications
The application period for Ohio sports betting is now online, but there are still more than six months until the first legal bet is accepted January 1st.
BetMGM and PointsBet were the only two US sports betting operators to submit claims in the first week after the period opened June 15. Both applied for mobile licenses, while BetMGM also applied for a retail license.
The Ohio Casino Control Board will update the list of candidates every Friday.
No Maryland timeline despite Hogan’s letter
Governor Larry Hogan demanded the Commission for the examination of sports betting applications accelerate the launch of mobile sports betting by Maryland last Wednesday. Hogan wants live mobile betting September 8 for NFL betting.
The SWARC, which met the next day, did not immediately take action, however. Whereas President Thomas Brandt recognized that many are frustrated, there was still no definitive timeline given at the meeting.
Retail betting launched in December across five casinos, but a mobile launch could stretch up to 2023.
FSGA: Most Offshore Bettors Don’t Realize This
Only 19% of bettors using offshore venues in regulated states know they are betting with unlicensed operators, according to a new survey by the Fantasy Sports and Games Association found.
The percentage of bettors exclusively using offshore sites is 24% in states where online betting is legal, according to the survey. There has also been “very little cannibalization” for daily fantasy sports. Just 2% sports bettors who first played fantasy no longer play fantasy games.
SBC partners with African Americans in gaming
African Americans in the game is now a strategic partner of CCSwhich provides the organization with a platform to share ideas on how to make games more diverse.
There will be an African Americans in-game networking session during SBC North America Summit 2022which goes from July 12-14 in New Jersey.
DraftKings and BetBlocker align for responsible sports betting
DraftKings reached a major milestone in its responsible gaming offerings last week through its partnership with BetBlocker.
BetBlocker is a non-profit operation that allows players to set restrictions on their play across multiple devices. The program blocks regulated and offshore websites and allows a wide range of customizations in terms of betting limits.
Tally Technologies Closes $4 Million Funding Round
Pointing Technologieswho has a free prediction game, closed an oversubscribed $4 million round of financing in early June.
The funding was led by a sports betting and gaming investor Acies Investments. The funds will be used to expand operations, add more game types, and invest in its data platform.
Tally recorded over 20 millions unique user predictions over the past four years. Fan Engagement Partners include teams from NBA, NFL, NHL and other professional sports organizations.