Sports betting news has not slowed down as the holiday season approaches. This has been a great week for sports fans with new deals, new states considering legislation and new sports betting locations opening.
Pennsylvania gets two new sports betting options
The Hollywood Casino was the first Pennsylvania casino to offer live sports betting. It had the market to itself for almost no time at all.
Last week, the RiversCasino in Pittsburgh and the SugarHouseCasino in Philadelphia opened their doors to legal sports betting.
Both companies are operated by Rush Street Gaming (RSG) which has partnered with Kambi to create a great sports betting product.
Style in each casino is distinctive, but the big sports betting screens are inevitable and impressive:
Rush Street already operates PlaySugarHouse.com in New Jersey for online casino and sports betting. The Pennsylvania version will launch early in the New Year.
Also in the Keystone State, the Pennsylvania Gaming Control Board (PGCB) meets this week. The Stars Group (TSG), owner of PokerStars and BetStars, and Rush Street Interactive will pitch their sports betting and online gaming proposals respectively.The PGCB will almost certainly give conditional approval to both.
The Stars Group and the NBA get together
Staying with the Stars Group for a moment, last week saw a strategic deal announcement. TSG and the NBA have formed a partnership that will get the Stars brands front and center for basketball fans.
“The Stars Group will be promoted across the NBA’s digital assets including NBA TV, NBA.com, the NBA App and NBA social media platforms,according to press materials. Additionally, the NBA will be promoted across The Stars Group’s gaming platforms including PokerStars which currently operates the online poker sites.”
New Jersey revenues beat expectations
Sports betting began in the Garden State on June 14 this year. Since then handle has grown at an incredible rate.
November numbers showed total sports betting, live and online hit $330.7 million. October numbers were good at a quarter of a billion dollars, but the $70 million increase in November is outstanding.
It won’t be long before online and mobile sports betting alone crosses the $250 million mark.
GIG and the Hard Rock Atlantic City
The Hard Rock in Atlantic City is one of the few casinos that don’t yet offer sports betting to New Jersey customers. The casino only opened at the end of August, so it can be forgiven for not being at the front of the pack.
All that will change very shortly. Last week, the Hard Rock signed up with the Gaming Innovation Group (GIG). GIG will provide the Hard Rock with its full suite of sports betting products including:
- Over-the-counter (OTC) wagering
- Self-service betting terminals (SSBT)
- Mobile and online sports betting
Launch will be as soon as the management can possibly make it, probably in the first weeks of the New Year.
South Carolina may get a referendum on sports betting
State Senator Gerald Malloy has proposed a constitutional amendment to the South Carolina senate. His bill calls for a referendum on whether to allow the state to regulate:
“Pari-mutuel betting on horse racing, sports betting onprofessional sports, casino activities, such as card and dice games where theskill of the player is involved in the outcome, and games of chance with theuse of electronic devices or gaming tables.”
He has a pretty good argument for what to do with the tax revenues gambling could create. He wants to use the proceeds to fund the state’s pensions, many of which have nowhere near the money necessary to pay their pension obligations.
Indiana to consider sports betting in next legislative session
Over in Indiana, legal sports betting is also on the horizon. No constitutional amendment is necessary, the legislature can do it itself.
In October, a study committee of state legislators voted unanimously to recommend legal sports betting in the next legislative session.
Last week, State Senator Jon Ford agreed:
“Try to bring some of the black market betting we know is going on. They say it’s about a $300 million illegal sports betting market here in Indiana. Bring that into a regulated industry, so we can take some of that element off the street.”