happy Monday, everyone. Sports betting news was then again dominated by one of the crown jewels new York has made headlines for so long.
Sports betting in Florida It looks like it’s actually happening with a new contract signed between Governor Ron DeSantis and the Seminole Indians.
Be sure to follow @ LSPReport on Twitter for the latest news from other key countries where sports betting is still being discussed.
Top Sports Betting News: Florida Final Surprise of 2021
The two sides that came to a compact settlement were considered a coin toss around this time last week. Now it’s a special session that will no longer be Florida law.
A memo from It is. President Wilton Simpson said “nationwide online sports betting in partnership with the Parimutuels” is part of the deal but has not clearly defined what that means. A Miami Herald report suggests that pari-mutuels may have to give up 55% of income to the Seminole for a license.
More details will come during CanSpecial session. There is a lot of motivation to get this pact through the legislature: The multiple game changes in the pact would lead to it 6 billion dollars in revenue to the state over the next decade.
Canada even closer to single game betting
The Canadian House of Commons approved C-218 Thursdaywhat single game Canada sports betting would legalize.
sponsor Kevin Waugh praised the passage later that evening:
“Since I brought it with me, this could turn out to be a historic day for our country. The passage of C-218 would be a clear indication that the elected representatives of the Canadian people believe that this is in the best interests of all Canadians, and I hope that our Senate colleagues will be in a hurry to take up this legislation so that this outdated ban is finally over Can be deleted from the Canadian Criminal Code. It’s long gone since we did that. “
C-218 would legalize an activity already taking place across Canada. The Canadian Gaming Association Estimates $ 14.5 billion is wagered annually on sports in the country, but only 500 million CAD is through legal channels.
BetMGM plans to remain aggressive
BetMGM expanded its activities from live in three States too 12th in just a year and don’t expect to take your foot off the gas.
The joint venture between Receive and MGM resorts expected to take 20% to 25% US market share. That is based on an estimate of $ 32 billion in US and Canadian sports betting and iGaming revenue.
The start on the same day that a new store opens remains important for BetMGM. CEO Adam Greenblatt said.
“When we look into the future, we expect new states to look like Michigan and Colorado,” he said. “BetMGM has demonstrated the ability to start effectively on day one.”
Caesars eventually completes the acquisition of William Hill
It took longer than expected, but that $ 4 billion Takeover of William Hill by Caesars Entertainment is finally official.
The acquisition was delayed by an investor lawsuit that took three weeks to resolve, but William Hill announced a win on Tuesday.
The deal was official Thursdaywhich brought another piece of news: William Hill US CEO Joe Asher resigned.
Asher told LSR he was on his way to pick some winners Del Mar Racing and that time will tell what his next steps are.
Arizona could start sports betting by the NFL season
Chalk Arizona as the newest state to start sports betting by NFL Season.
The Arizona Department of Gaming outlined its launch process, which aims to bring the bets live to the state by the start of the season in early September.
AZ Sportsbook passed the legislature with the emergency status in the hope of a quicker start. There will be 20th Licenses available in Arizona: 10 for the state’s tribal game partners and 10 for professional sports teams.
More sports betting is coming to FanDuel-run Virginia
Up to five Additional licenses for sports betting in Virginia could be issued after hopeful operators apply next month Virginia Lottery said.
The lottery has also released operator-specific information for the first time since its launch in January. FanDuel Sports Betting is the handle winner, take 53% of $ 628.7 million Bet by March. DraftKings Sportsbook stays second with 24% Share.
The lottery also approved another operator last week – relationship‘s Unibet Brand. It is that 10 .. Overall license and the seventh independent mobile license granted so far. Unibet joins Ballys, Bar stool sports betting and Golden nugget as licensed sports betting waiting to be released in Virginia.