Kentucky Downs owner on the future of in-state horse racing
On the future of horse race wagering in Kentucky”I think we lack in Kentucky some of the support for racing that I believe it should have. It’s a very important industry, but they don’t usually treat it like that.”- Ron Winchell, Owner, Kentucky Downs (Source Link)May 19, 2022
Morgan Stanley predicts $7.8bn US online casino market by 2025
Summary: The U.S. online casino industry will produce $7.8 billion in annual revenue by 2025, according to a forecast by Morgan Stanley. The investment firm predicted the market size for both online casino gaming and sports betting in its “US Sports Betting and Online Gambling Primer 3.0” report, released in May. Why it matters: The […]
New Jersey governor encourages Massachusetts OSB legalization
Summary: Gov. Phil Murphy of New Jersey thinks Massachusetts should legalize sports betting. Murphy made the statement during a National Governors Association press conference Thursday, which also features Massachusetts Gov. Charlie Baker. Why it matters: Murphy clearly doesn’t view Massachusetts as a threat to cannibalize New Jersey sports betting revenue. Murphy cited new job generation […]
MA Senate and House select sports betting conference committee
Summary: Three members of the Massachusetts House and three members of the Senate have been selected to negotiate a sports betting compromise in a conference committee. Why it matters: The committee members are Senators Michael Rodrigues, Eric Lesser, and Patrick O’Connor, and Representatives Aaron Michlewitz, David Muradian, and Jerald Parisella.The selections are good news for […]
Colorado on the cusp of limiting sports betting promo deductions
Summary: Colorado lawmakers have passed legislation (HB 22-1402) that Gov. Jared Polis is expected to sign, limiting the amount of promotional deductions sports betting operators can claim. Why it matters: Colorado has an industry-friendly tax rate of 10%, but the state’s expected tax revenue has been underwhelming due to a provision that allows operators to […]