Matthew Waters and the team at Legal Sports Report highlight some of the key US sports betting issues to look out for in the week ahead.
Colorado stakeholder hearings Monday-Wednesday: Now that sports betting is officially legal after residents voted yes last month, Colorado’s regulators have to come up with some rules. But they aren’t doing that alone: the Limited Gaming Control Commission will host dozens of industry stakeholders next week to hear insight on rules and regulations. In attendance will be sportsbook operators, sportsbook suppliers, casino operators, lawyers and, of course, some leagues to ask for official data fees. The regulators have plenty of time to figure out rules and regulations since betting can’t start until next May.
Michigan moving forward Tuesday?: Sports betting and iGaming bills are expected to be passed and signed before Christmas, Legal Sports Report reported exclusively last week. The first step of that will be Tuesday when the bills are expected to pass through the committee stage and advance to the Senate floor. Sen. Curtis Hertel Jr. told LSR he was able to bring Gov. Gretchen Whitmer around to negotiate and work out a compromise on tax rates.
Multiple states reporting sports betting revenue: Next week should bring sports betting revenue reports from Indiana, Iowa, and New Jersey. In Indiana, we’ll find out if DraftKings Sportsbook kept its dominant market-share position or if FanDuel Sportsbook will take the lead in its first full month of operations. DraftKings took 43% of the state’s handle in October. Iowa’s report will also include the state’s first report on daily fantasy revenue. FanDuel launched toward the end of November while DraftKings went live at the end of October. Finally, New Jersey will try to break its handle record for the third straight month after hitting $487.9 million in October.