Dustin Gouker and the team at Legal Sports Report highlight some of the key US sports betting issues to look out for in the week ahead.
How quickly is Pennsylvania online gambling growing? We’ll get a much better sense of how the market is shaking out when the revenue and handle numbers come out for PA online casino and PA sports betting. The first full month with FanDuel on the market was August, so it will be interesting to see if it follows the strong form it showed in New Jersey. We’ll also see who, exactly, is the early leader in casino games. Hint: It’s going to be SugarHouse and BetRivers — parent company Rush Street already has a foothold in NJ and their sports betting product has been the early leader.
When will see a Congressional sports betting bill? This is supposed to be a look at the week ahead, but given the chatter,about the possible legislation from Sens. Chuck Schumer and Mitt Romney is not imminent, despite a push from the NCAA and likely other pro sports leagues. Both classify the bill as being drafted, still. Given that it’s already September, it’s pretty late in the year to try to get something done. Both of those senators are about as popular as dirt with President Donald Trump. And next year is a presidential election year, making it even less likely anyone touches a gambling bill. That’s not to say a federal sports betting bill can’t get done, but let’s just say the odds don’t favor it.
When does DC sports betting get fixed? Washington DC has been an example of how NOT to enact good sports betting policy pretty much from the jump. There has been issues with ethics related to the sole source provider for the lottery, Intralot, and DC councilmembers. And the product that the lottery is going is attempting to hold 20-30% of all bets, making it fair to wonder if they’re really even offering something that looks like single-game wagering. The latest issue pits the owners of sporting venues vs. small business owners, with the former getting exclusivity zones that shut out the latter. At some point, it seems like DC is going to have to pump the brakes on all of this before it gets worse…unless it doesn’t. But each passing day seemingly reveals new problems for the District when it comes to sports gambling.