Butler on new BetMGM position
@ButlerBets: BetMGM is hiring for a New State Product Manager, according to a job posting; $MGM expects to launch its online sportsbook in Ohio, Kansas & Maryland within the next 12 months; company is also hoping for sports betting legalization in California, Massachusetts & North Carolina
Minnesota sports betting failure underscores political difficulties
Summary: Minnesota’s dead sports betting bill reaffirms the political difficulties facing sportsbook legalization, which in other states has required a diverse group of stakeholders to reach a compromise before the legislation could pass into law. Why it matters: Minnesota’s proposal, which would have given state gaming tribes exclusive online sports betting license rights, died after […]
Bovada tech issues highlight dangers of offshore sports betting
Summary: In a tweet from Bovada to its customer base, Bovada addressed tech issues some bettors were dealing with, saying a potential solution has been found, but not to expect an update for several days. Why it matters: In a tweet sent Monday, Bovada stated, “Thank you for your patience as we work to fix […]
Gambling industry braces for inflation fallout
Summary: The gambling industry has held up well in the face of rising costs, but some analysts and executives fear consumers will begin tightening their purse strings. Why it matters: Opinions vary on the industry’s ability to withstand inflation and a possible recession. Caesars CEO Tom Reeg said, “We’ve been living with inflation or witnessed […]
Mayor Bowser discusses underwhelming DC sports betting
@maustermuhle: “I’m concerned about the D.C. Lottery and the sports gambling is a part of that. We’re all going to take a long hard look on what’s going on in that area,” says Bowser. (Sports betting revenue is coming in way below what was estimated a few years ago.)