Missouri online sports betting bill advances to Senate floor
Summary: A Missouri Senate committee Tuesday advanced online sports betting legislation already passed by the House on to the full Senate floor, putting it one vote closer to legalization. Why it matters: Legal, statewide mobile sports betting is in practice just one vote away, though lawmakers in Tuesday’s Senate Appropriations committee meeting acknowledged more work […]
ABC Cleveland affiliate on OSU request to limit college betting
Ohio State University asks Casino Control Commission to limit sports betting on colleges1:49Ohio State asks for limits on college sports bettingApr. 18, 2022Uploaded by News 5 Cleveland
Deutsche Bank on promo spend levels in Pennsylvania among the top four betting brands
Deutsche Bank on promo spend levels in Pennsylvania among the top four betting brands “When comparing the promo efficiency of Barstool and BetMGM, to the market leaders, from January 2021 to March 2022, Barstool and BetMGM promotional activity represents 3.1% and 6.4% of their respective handles, while FanDuel promos as a percentage of handle are […]
Pennsylvania promo spend drops from Super Bowl high
Summary: The level of promotional spend from PA sportsbooks mirrored that of Michigan in March by dropping 41.6%. Why it matters: Promotions made up 41.6% of mobile betting revenues in March in Pennsylvania. This was down from the 107% of GGR that February’s promo spend represented, but up 31% on March 2021.The level of promotional […]
Light & Wonder refinances and cuts debt by $4bn
Summary: Scientific Games, newly-renamed Light & Wonder, has reorganized its finances and cut its debt by $4bn in the process. Why it matters: Reducing debt levels, or deleveraging, was a key target of the group’s management. It allows it to be more flexible and less exposed to risk as it moves forward.Scientific Games (Light & […]