SBC Americas

A heated debate about the participation of trans athletes in college sports derailed the Senate Judiciary Committee's federal sports betting hearing today, although the bulk of the conversation did focus on sports betting 🧑⚖️ The following testified: 🟢 Former NFL player Johnson Bademosi 🟢 NCAA President Charlie Baker 🟢 Director of Gambling Policy at Public Health Advocacy Institute Harry Levant 🟢 Former NJ Division of Gaming Enforcement Director David Rebuck 🟢 National Council on Problem Gambling Executive Director Keith Whyte Jessica Welman with the writeup on a wild day in #Washington

Maverick Gaming’s appeal challenging #Washington’s tribal sports betting compact has been dismissed by the Third Circuit Court of Appeals, reaffirming the decision of the Western Washington District Court ⚖️ The lawsuit, filed in 2022, argued the compact violated the 10th Amendment and Equal Protection Clause by granting tribes exclusive sports betting rights 📜 Shoalwater Bay Casino intervened, citing tribal sovereignty, which prevented the case from moving forward as the federal government couldn’t fully represent tribal interests 🏛️ Jessica Welman for SBC Americas first with this ⬇️

The U.S. National Council of Legislators from Gaming States has published its full draft model legislation for #iGaming, inviting public comment on the framework. Among its notable recommendations are: • An iGaming tax rate of between 15% and 25% • An explicit definition of and ban on sweepstakes casinos • A fast-tracked iGaming licensing process for existing sports betting operators The ultimate aim of the model legislation is to help prepare state lawmakers to introduce and sponsor online gambling bills by offering a framework that can be tailored to specific state conditions and requirements and support existing gaming infrastructure. Full story for SBC Americas 👇

BetMGM has extended its relationship with one of the best teams in the National Hockey League (NHL), 2023 Stanley Cup Winners, the Vegas Golden Knights, through the 2026/27 season 🏒 🤝 #BetMGM remain official betting partners, and will also be able to deploy signage throughout the T-Mobile Arena 🗣️ “BetMGM is proud to continue our partnership with the Vegas Golden Knights, giving us the opportunity to create memorable moments alongside one of the world’s most passionate hockey fan bases,” said BetMGM CRO Matt Prevost

Lawmakers in New Jersey have advance a bill that aims to prohibit licensed operators in the state from offering college player props. If enacted, New Jersey would join Maryland, Ohio and Louisiana as states to ban college player props in 2024. More here for SBC Americas:

Today in #sportsbetting earnings call updates: Despite healthy year-over-year GGR growth, #DraftKings has slashed its FY revenue projections by ~$250M, largely because it (and other operators) has taken big hits from sports bettors so far this NFL season. For SBC Americas 👇

Days before the question of legalizing sports betting goes to voters in #Missouri, several major pro sports teams donated substantial amounts to the state’s pro-sports betting campaign The St. Louis Blues, the Kansas City Royals, the St. Louis Cardinals, Major League Soccer’s St. Louis CITY SC and the National Women's Soccer League (NWSL) League’s Kansas City Current each donated $333,333.33 to the Winning for Missouri Education campaign 💸 🗣️ “Since the first day of this campaign, the effort to legalize sports betting to fund education has been led by Missouri’s six professional sports teams and some of the best sports fans in the world. Their support has been essential,” said the campaign’s spokesman Jack Cardetti

Legal Challenges for VGW 🔒 🔑 VGW, the leader in sweepstakes gaming, is facing a class action lawsuit in Connecticut. The suit, filed by Stephanie Cox, seeks damages for what she claims is illegal gambling practices. This comes after the state issued a cease and desist earlier this year, leading VGW to exit the state in August. Read More ⬇️

Enjoyed my conversation with Martin Lycka on SBC Americas Safe Bet Show. We discussed the Ontario market, OLG, and the importance of cultural relevance and safer gambling to the industry, with some unscripted personal anecdotes in between. Thanks for having me Martin!