Completely satisfied Tuesday, everybody. Sports activities betting information was largely Tremendous Bowl-focused final week, with legislative points sprinkled into the again half of the week.
Make sure that to comply with @LSPReport on Twitter for the newest legislative tales as a number of states proceed towards authorized sports activities betting.
Prime sports activities betting information: Tremendous Bowl highs and lows
There have been loads of new highs set by the greater than $440 million reported thus far by authorized US sports activities betting jurisdictions guess on the sport. However a preferred betting market, human error and normal tech points took multiple operators down Super Bowl Sunday.
Barstool Sportsbook, BetRivers and DraftKings Sportsbook had hassle validating bets for about an hour and a half earlier than kickoff. All three use sportsbook platform Kambi, which was overloaded by one specific market.
BetMGM had problems with its personal in Nevada the place “human error” led to a system outage through the sport.
PointsBet, NHL companion up
Earlier than authorized US sports activities betting, the NHL strongly opposed something to do with gaming. Now it owns an fairness stake in two separate US sportsbook companies.
The most recent stake is in PointsBet. The Australian-listed operator introduced the multiyear betting and advertising partnership, which included 43,106 PBH shares. The settlement will strongly profit PointsBet’s recent deal with NBCUniversal as effectively.
The NHL and different skilled groups have stakes in DraftKings as effectively.
Sports activities betting laws roundup: AZ, CT, GA, HI, TX
A couple of states took constructive steps towards authorized betting whereas others’ outlooks appear a bit grimmer:
WynnBET racing towards NFL season
Wynn Resorts took its time earlier than leaping into the US sports activities betting scene. Now, its new interactive segment is in a dash to get its WynnBET model launched in more states earlier than the NFL season begins.
The model has entry to a number of states together with Indiana, Iowa, Massachusetts, Nevada and Ohio.
WynnBET just lately received approval to launch in Tennessee and will get a Virginia sports activities betting license as effectively.
Tennessee laws would stop lending-betting crossover
A bipartisan proposal in both Tennessee chambers would stop lending corporations from accepting bets from their lending prospects.
The invoice was spurred by a Tennessee Training Lottery approval that enables Advance Monetary 24/7′s lending retailers to take money deposits for sister firm Motion 24/7.
Rep. Darren Jernigan additionally stated he has a witness able to testify that their TN sports betting winnings with Motion 24/7 are being stored to pay excellent Advance Monetary loans. Advance Monetary denied these claims and urged a misunderstanding.
Indiana sports activities betting market nonetheless hitting highs
Indiana’s sportsbooks took almost $350 million in deal with with $29.3 million in income final month, both of which are new records.
The information is a bit shocking, because it was unclear how a lot of Indiana’s sports activities betting success was pushed by bettors touring from Chicago. Illinois studies about two months behind the remainder of the market, so we’re nonetheless ready for December and January studies.