BetMGM lays out aggressive sports betting market list
Summary: MGM officials Monday presented an aggressive list of planned future state markets that may not permit the company’s BetMGM app – or even legal sportsbooks. Why it matters: California, Massachusetts, Missouri, Maine, Ohio and Kansas were listed in MGM’s most recent earnings call as jurisdictions with existing or expected market access deals; Ohio, which […]
Seth Young on New York promo spending
On promo spending for New York OSB operators”Some spent more money than others to acquire customers and consolidate market share for the next few years, but we’re still in the earliest days of an emerging market. There are some groups in the U.S. market that will lose money hand over fist until they inevitably have […]
Virginia promo tax break lets operators off the hook
Summary: Virginia has collected $26.7m in tax revenues since legalizing sports betting last year, but it could be leaving nearly as much on the table as promotions are tax deductible. Why it matters: The measure has led to a situation where only five of the 12 regulated sportsbooks currently operating in the state have paid […]
Mohegan Gaming, Kambi announce Ontario partnership
Summary: Kambi technology will power the PlayFallsview online sportsbook platform, which is set to launch in Ontario. Mohegan Gaming & Entertainment, parent company to PlayFallsview, announced a partnership with Kambi in a Tuesday press release. Why it matters: Mohegan Gaming brings in one of the world’s biggest online gaming technology players to provide the software […]
John Holden of Oklahoma State University on FanDuel, DraftKings and BetMGM’s California betting ballot initiative
John Holden on FanDuel, DraftKings and BetMGM’s California betting ballot initiative “I think it’s absolute nonsense. I think what’s effectively happening is, basically, the 5 to 10 frontrunners in the market have decided ‘Alright, let’s ensure that there’s no one else who can compete by agreeing to pay these exorbitant license fees.’” – John Holden, […]