SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.
New York Gaming Commission Approves Sports Wagering Rules For Upstate Casinos, Punts On Mobile Betting
The New York State Gaming Commission on Monday approved a set of proposed sports betting regulations for four existing upstate casinos, potentially setting the stage for the launch of legalized sports gambling in the Empire State.
The comprehensive regulations address a wide range of gaming issues from tax and compliance requirements to sports pool licensing guidelines, as well as broad wagering restrictions. The main takeaway from Monday’s meeting, however, centers on a provision that was not discussed.
Full story here.
Nevada Smashes Sports Betting Revenue Record With $300 Million Year
Nevada had record-setting sports betting revenue in 2018, but relatively sluggish growth in the handle points to the rapid growth of the Silver State market eventually cooling, especially as more states around the country kick off legal sports betting.
According to Nevada Gaming Control Board figures released Thursday morning, Silver State brick-and-mortar sportsbooks and mobile platforms generated $301,048,000 in winnings, up 20.98% over 2017’s $248,777,000, which was the previous all-time high.
Full story here.
Lopsided Super Bowl LIII Betting Handle Sets Stage For Potential Sportsbook Disaster
With only a few of days left until the New England Patriots and Los Angeles Rams take the field for Super Bowl LIII, I have a feeling that sportsbook operators are probably a little more nervous than usual. Given the enormous betting handle on the Super Bowl, a bad result can be disastrous for books. And storm clouds are brewing for this year’s contest.
Full story here.
Missouri’s Hoskins On Legal Sports Betting: ‘Nothing Is Off The Table’
Missouri Senator Denny Hoskins (R-District 89) has a sense of humor. When asked on Thursday how the hearing for his SB 44 before the Senate Small Business and Industry Committee went, he replied, “I think it went as well as can be expected, as in nobody is really, really happy and they’re just going to have to decide what they can live with an what they can’t.”
Full story here.
‘It’s A Case Of FOMO’: Why D.C. Is Rushing To Launch Sports Betting
The D.C. Council continued its aggressive march toward launching sports betting on Wednesday when the Finance and Revenue Committee voted 3-2 to advance Bill 23-25 to a vote before the Committee of the Whole, which is scheduled for Feb. 5. The bill would allow the District to bypass the bid process for a sports betting mobile operator and give the contract to current D.C. Lottery vendor Intralot.
Full story here.
