Rush Street to Open Retail Sportsbook at Pro Football Hall of Fame

Inside a Casino Sportsbook, Pile of Money

With the recent development in legal Ohio sports betting, Rush Street Interactive announced on Thursday its plan to open a retail sportsbook in the entertainment district surrounding the NFL Hall of Fame in Canton.

In a statement, Rush Street Interactive Chief Executive Officer Richard Schwartz said:

“We are excited to partner with the Hall of Fame Resort & Entertainment Company, a unique sports and entertainment company with exceptional reach in professional football and beyond. HOFV shares RSI’s drive to create fun, memorable experiences for customers as well as our passion for building a one-of-a-kind destination that will delight the millions of guests that will visit the Hall of Fame Village campus each year. We look forward to offering a best-in-class sportsbook commensurate with the prestige of the Pro Football Hall of Fame and Hall of Fame Village that fans across the country and world can enjoy.”

DeWine Signs Ohio Sports Betting Law

The announcement came one day after Ohio Governor Mike DeWine signed Ohio’s sports betting bill into a law, ending a three-year process process that started with the United States Supreme Court revoked the 1992 PASPA in 2018. Since that decision, several bills were filed in the House and Senate but it wasn’t until House Bill 29 was signed by DeWine that the light at the end of the tunnel was seen.

With the Buckeye stating becoming the 33d state to legalize sports betting in its jurisdiction, Ohio sports bettors can expect to place legal sports bets no later than January 1, 2023, which is the latest launch date of Ohio legal sports betting as per the recently promulgated law. Under the law, casinos, stadiums, bars, and restaurants in the state are allowed to apply for a sports betting license with approved operators charged a 10% tax on revenues.

Disneyland of Football

The location of the Rush Street Interactive retail sportsbook will be at the Hall of Fame Village, specifically at the current retail and entertainment project called the Fan Engagement Zone. It will be the first sportsbook to be located in the Hall of Fame of the four major professional sports. There are no plans to build one in Cooperstown where baseball’s Hall of Fame is at or at Toronto where the NHL Hall of Fame is located. On the other hand, sports betting isn’t legal yet in Massachusetts, where basketball’s greats are enshrined.

Dubbed as the “Disneyland of Football”, the Village is powered by Johnson Controls and will also house restaurants, retail outlet, a performance center, and indoor water park, a Hilton Hotel, and a mixed use office and retail space. A world-class 20,000 seat sports and entertainment stadium called the Tom Benson Hall of Fame Stadium is currently under construction in the village.

Ohio Legalizes Sports Betting As Gov. DeWine Signs HB 29

Sportsbook
Sports betting is finally legal in Ohio. This, after Governor Mike DeWine signed the Ohio sports wagering bill into a law on Wednesday.

Sponsored by representatives Scott Wiggam and Adam Miller, House Bill 29 allows Ohioans to engage in legal sports betting under the authority of the Ohio Casino Control Commission and the Ohio Lottery.

End of a Three Year Process

The legalization of Ohio sports betting marks the end of a three-year process that began when the United State Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018. In the years that followed, the Ohio House and Senate came up with and filed several bills that ultimately did not come to fruition, until HB 29 last month.

Ohio thus becomes the 33rd state in the U.S. to legalize sports betting since the Supreme Court’s 2018 ruling. Indiana, Michigan, and Pensylvannia are also among the recent states to allow legal sports wagering in their jurisdiction.

Legal Ohio Sports Betting

Under the newly-signed law, casinos, stadiums, bars, and restaurants in the state will have the opportunity to apply for a sports betting license. The industry will be regulated by the Ohio Casino Control Commission. According to the commission, legal Ohio Sports Betting is expected to launch in one year.

A 10% tax will be levied on all sports betting revenues with 98% of the proceeds going to the funding or public and private K-12 education with the remaining 2% to be allotted for gambling problem assistance programs. According to the Ohio Legislative Service Commission, Ohio sports betting is expected to fetch $3.35 billion in revenues per year by the end of the decade.

Still to Face Legal Challenges

Despite DeWine’s signature, the Ohio sports betting law is still expected to face legal challenges. According to Senator Niraj Antani, who was one of the lead sponsors of the bill, there are fears of litigation over the fact that the Ohio Casino Control Commission will take charge of sports betting rather than the Ohio Lottery.

Democrat gubernatorial candidate John Cranley also raised an issue claiming that gambling proceeds will have to go to public education unless they are for the benefit of the state’s four casinos.

Louisiana Gaming Control Board Approves Five More Sports Betting Licenses

State Of Louisiana Seal And Paragon Casino Sports Betting
Casinos in Acadiana and Shreveport were among the five gambling places awarded with a license to operate legal Louisiana sports betting on Thursday.

According to Louisiana Gaming Control Board chairman Ronnie Johns, he signed off the sports betting licenses for Sam’s Town in Shreveport, Treasure Chest in Kenner, Amelia Belle in Amelia, Evangeline Downs in Opelousas, and Delta Downs in Vinton.

13 Sports Betting Licenses Issued so Far

The approval of the sports betting application of the five Boyd Gaming properties mentioned earlier brings the total number of sports betting licenses in the state to 13.

Previously, the Louisiana Gaming Control Board signed issued sports betting licenses to the Horseshoe in Shreveport, Margaritaville and Boomtown in Bossier City, Harrah’s New Orleans, L’Auberge Casino in Baton Rouge, Boomtown Casino in Harvey and Golden Nugget and L’Auberge Casino in Lake Charles.

Louisiana has a 14th property that currently operates sports betting in the Paragon Casino in Marksville. But the casino is operated by the Tunica-Biloxi tribe in the state and is located on Tribal land which makes it outside the jurisdiction of the Louisiana Gaming Control Board.

Sports Betting Legal in 55 of 64 Louisiana Parishes

Last fall, voters from 55 out of Louisiana’s 64 parishes approved legal sports betting in their respective jurisdictions in a ballot referendum. Lawmakers then used the spring 2021 legislative session to set up the framework to regulate and tax sports betting in the state. In June, Gov. John Bel Edwards signed the sports betting bill into a law, paving the way for residents to start placing sports wagers.

Currently, Louisiana sports betting is limited to one-site sportsbooks or betting shops. According to the LGCB, they hope that everything will be in place at least on January 2022 for casinos to start operating legal Louisiana mobile sports betting.

The nine parishes that will not have legal Louisiana sports betting are Caldwell, Catahoula, Franklin, Jackson, LaSalle, Sabine, Union, West Carroll and Winn. Voters from these nine states rejected the sports betting measure included in the ballot in the last elections.

Circa Sports Goes Live in Iowa Mobile Sports Betting Market

Person Browsing a Sports Betting Site on a Tablet

The Circa Sports mobile betting app went live in Iowa at 10 am CDT on Thursday through a partnership with Wild Rose Casino & Resort.

Wild Rose has three properties in Iowa and these are in Jefferson, Clinton, and Emmetsburg. Circa Sports is tied to the Jefferson property.

Circa Sports becomes the 13th mobile sports betting operator to go live in Iowa, including industry giants FanDuel and DraftKings, and the fifth to launch this year after BetMGM, BetRivers, The ScoreBet, and Bally Bet.

Said Circa Sports CEO Derek Stevens in a statement:

“We are thrilled to expand Circa Sports to Iowa and the Midwest. Iowa marks the third state of operation for our mobile app, and we’ve appreciated the collaboration with Wild Rose and Iowa Racing & Gaming Commission on bringing this launch to fruition.”

Can Be Accessed Anywhere in the State

The Circa Sports mobile app can be downloaded at Circa’s webpage and it allows users to access a mobile sportsbook with both completed and live odds 24/7 for as long as they are withing the Iowa State boundaries. The app also has a futures bet service and two-sided Yes-or-No futures betting markets. Funds can be transferred using wire transfer, ACH, and Sightline.

In a press release from Circa Sports, the company boasted the best customer service support, highest betting limits, and the lowest hold percentages of any mobile sportsbook provider in the State. Circa now has presence in three different states after launching in Nevada and Colorado earlier this year as it pursues an aggressive expansion bid in the United States.

Iowa Top 10 in Betting Handle

Since allowing in-person registration for mobile betting access at the start of the year, Iowa has stayed in the Top 10 states when it comes to betting handle. The Hawkeye State has surpassed the $100 million monthly betting handle mark except July 2021. It’s biggest month this year was March when it generated $164.1 million.

Despite the presence of industry giants, newcomers have been able to get a good slice of the Iowa pie. BetMGM has surpassed the $60M total handle via its partnership with Diamond Jo Casino in Worth. The ScoreBet has generated at least $1 million in handle for six consecutive months. Meanwhile, BetRivers- which is also a skin of Wild Rose, has racked up a total betting handle of $3.2M in two months.

First Class B Sports Betting License Holder in D.C. Opens in Adams Morgan

Fan of money
A first of its kind sportsbook opened in Maryland last Monday.

The Grand Central DC Sportsbook, located at the Grand Central sports bar at 2447 18th Street in Northwest began taking legal Maryland sports bets on Monday.

The said sports bar unveiled a pair of betting kiosks and a staffed teller window inside the property. In line with the opening, Grand Central has tripled the number of TV sets from 7 to 21 and boasts of DirectTV packages for major sports league.

Partnership with Elys Game Technology

The sports betting expansion has called for the hiring of 20 employees, most of them with experience in the sports betting industry. Likewise, Grand Central has expanded its operating hours. Once just a sport bar bar that opened at 6 p.m., it is now open 24/7 from 10 a.m. to 1 a.m. daily.

Grand Central partnered with Elys Game Technology, a licensed Management Service Provider which maks its own betting odds and supplies the digital kiosks. Elys is also the chosen supplier for the geo-fenced mobile app which will allow Grand Central patrons to place bets using their mobile devices.

Only Business With Class B License

Navigating the application process as a Class B operator with the DC Alcohol Beverage Regulation Administration and the Office of Gaming and Lottery took Grand Central some nine months to process. It also entailed a $100,000 license application fee for the initial five-year license. But the hard work and investment has paid off.

As of the October 1st, Grand Central is one of only three businesses in D.C. to hold a sportsbook license, and the only one which will operate with a Class B license. The other two own a Class A license, which is given to operators attached to a pro sports venues in the state. William Hill opened a sportsbook at the Capital One Arena last June while BetMGM has started taking online bets using an App that can be accessed at Nationals Park. A retail BetMGM sportsbook is expected to open later this year.

UFC Owner to Buy Sports Betting Company OpenBet for $1.2B

Odds Board and Money
Endeavor Group Holdings, the owners of the Ultimate Fighting Championship, announced on Monday that it will be purchasing the sports betting company OpenBet from the Scientific Games Corp. for $1.2B in cash and stock.

Said Endeavor CEO Ariel Emmanuel in a Statement:

“This capability set is the ideal complement to our IMG ARENA sports betting business, which works directly with sports rights holders. We look forward to growing these businesses together to capitalize on the strong secular tailwinds in the sports betting ecosystem.”

Focus on Becoming a Gaming and Digital Content Provider

According to Endeavor, the acquisition will strengthen its position in the sports betting industry. The company said it plans to merge OpenBet with its existing sports betting business IMG Arena.The deal is expected to be completed in the second quarter of 2022 and will be paid with $1B in cash and $200 million worth of Endeavor Class A common stock.

Scientific Games previously disclosed its plan to sell its lottery and sports betting businesses to focus on becoming a gaming and digital content provider. Oakvale Capital and Macquarie Capital were the advisers of the Las Vegas-based major slot machine maker.

Online Gambling Industry Expanding Exponentially

The acquisition comes at a time when the online gambling industry in the United States continues to expand exponentially since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018. Online gambling was further boosted by the temporary closure of casinos and betting shops during the height of the COVID-19 pandemic in 2020. .

Last week, British gambling company Entain revealed that it received a takeover proposal from American fantasy sports betting company DraftKings in the amount of $22.4B.

Caesars Partners With LSU in First Ever Gambling Deal in SEC History

Caesars Entertainment Logo

Caesars Entertainment, through its sports betting arm Caesars Sportsbook, signed a multi-year sponsorship agreement with the Louisiana State University (LSU) last Friday, inking a deal which is a first for a Southeastern Conference school to enter into such a pact.

Said LSU Athletic Director Scott Woodward in a news release:

“LSU has always taken pride in providing fans with unique, innovative, and world-class experiences, and our new partnership with Caesars Entertainment will do just that. We share a clear vision of how athletics and entertainment can come together to enhance the fan experience and we are excited to join with Caesars to make that vision a reality.”

LSU did not disclose the specifics of the deal but according to industry sources, it is a “seven-figure deal.

Official Gaming and Sportsbook Partner of LSU Athletics

As the official gaming and sportsbook partner of LSU Athletics, Caesars Sportsbook will get naming rights for the new Caesars Sportsbook Skyline Club at Tiger Stadium. Caesars will also get signages throughout Death Valley starting last Saturday’s home game against Central Michigan.

The gambling company will also get additional signages throughout the sports venue as well as a signage at the Pete Maravich Assembly Center where the school hosts its basketball games and the Alex Box Stadium where Tigers’ baseball plays its games.

The deal also calls for the Caesars Sportsbook logo appearing in the Tigers’ mobile sports App. Caesars is also committed to establishing an annual scholarship fund to support deserving LSU students from Louisiana.

Committed to Louisiana

Caesars Entertainment has been busy expanding its business in the Louisiana area. There are current plans for a massive $325M renovation that will transform Harrah’s New Orleans to Caesars New Orleans. This upgrade includes a new 340-room hotel tower above the existing casino valet porte cochere and additional development on the presently unoccupied second flor of the casino.

Similarly, the company is gearing up for a large-scale expansion that will turn Capri Casino in Lake Charles, Louisiana to the Horseshoe Lake Charles. The gambling company also recently bought the naming right to the Superdome which is the home field of the NFL’s New Orleans Saints after the venue’s deal with German automaker Mercedes Benz expired during the summer.

Most recently, Caesars also signed a deal with the publication NOLA.com to to become its exclusive sports betting partner and official odds provider. The agreement will provide betting content from Caesars as well as a weekly prop bet for NOLA.com readers, and special promotions with odds boosts.

Maryland Gaming Commission Opens Sports Betting License Applications

Baltimore Maryland

The Maryland Lottery and Gaming Control Commission opened the applications for legal sports betting licenses in the 17 locations named in the state’s sports betting law. According to the Maryland Lottery, the online portal has been open since Tuesday.

Applications for the 30 Class B licenses for retail locations and the 60 mobile sports betting licenses are not yet accepted until the regulations governing them will be finalized. The MLGCC will be holding a public hearing on the resolutions on September 22 and will be accepting online public comments until September 26th.

17 Class A Licenses

As per the state’s spots betting legislation, 17 Class A licenses will be issued to 17 entries in the area. Six of those are the six casino properties in Maryland while five will be given to five off-track betting facilities. The state’s three professional sports locations will be allowed one each while two will be awarded to bingo halls and the last one to be shared by the Pilmico Race Course in Baltimore and the Laurel Park Race Track in Laurel. Future NBA, NHL, and MLS teams that will lease a stadium in Maryland will also be allowed to apply for a Class A sports betting license.

In a press release, the MLGCC said that it anticipates that some if not most of the 17 entities with a Class A license will be able to go live with their sports betting activities late this fall or by early winter and that things will be in place by the time the NFL begins its postseason.

Updated Maryland Sports Betting Partnerships

The Baltimore Ravens, which play at the M&T Stadium have announced partnerships with BetMGM, DraftKings, and Caesars. A retail Caesars sportsbook is being planned at their sports venue. The Washington Football Team has partnered with FanDuel while FanDuel will open a retail sportsbook at the Live! Casino and Hotel. PointsBet has partnered with the Riverboat on the Potomac while Penn National Gaming recently bought Hollywood Casino.

Other sportsbook operators in Maryland include Caesars Entertainment which owns Horshoe Casino, MGM which owns MGM National Harbor, Churchill Downs which is the proprietor of Ocean Downs, and Golden Entertainment which is the owner of Rocky Gap Casino.

Genius Sports Secures Another Sports Betting Deal With WynnBet

Sportsbook
Genius Sports continues to expand its sports betting ties.

Just shortly after entering into a strategic partnership with Caesars Entertainment, Genius announced that it added another deal with sports betting app WynnBet.

Said Genius Sports CEO Mark Locke in an official statement:

“In an increasingly competitive U.S. sports betting landscape, sportsbooks need to be able to deliver immersive experiences that engage their customers at every step. Our partnership with WynnBET will provide them with an unmatched suite of official data, streaming and marketing solutions, backed by some of the largest leagues in sports, including the NFL.”

Not a New Partnership

Under pact, WynnBet will receive access to the NFL’s official sportsbook data feed, along with a variety of fan engagement solutions. The partnership isn’t a new one but merely expands the existing data supplier relationship that exists between the two companies.

Genius currently provides WynnBet with trading solutions and official data-driven content from the company’s exclusive partnerships with the English Premier League, Mexico’s Liga MX, and other professional soccer leagues in Argentina and Colombia.

Last month WynnBet was selected as one of the NFL’s approved second-tier sportsbook partners, together with BetMGM, PointsBet, and FOXBet. The four join the the tri-exclusive sportsbook partners DraftKings, FanDuel, and Caesars Sportsbook as the official sportsbooks of the league beginning the 2021 season.

Access to Next Gen Stats (NGS)

As part of the deal, Wynn also gets access to the NFL’s official play-by-play statistics and the league’s proprietary Next Gen Stats (NGS). The NGS is a platform that tracks player movement such as top-end speed during touchdown runs, kickoffs, interceptions, and other metrics.

Access to the NGS would be a preparation of sorts for WynnBet for a new variety of microbets. Although these types of wagers have not yet received regulatory approval, the Colorado Division of Gaming already set a precedence by allowing exit velocity vets during the July’s MLB Home Run Derby.

Genius also represents the NFL’s legal sports betting advertising inventory across its digital platforms. Genius Sports will run data-driven campaigns for WynnBet which the parties expect will help increase engagement among bettors and help reduce additional customer costs.

NFL Expects to Earn $270M From Gambling and Sports Betting Deals in 2021

NFL Players on Line of Scrimmage
After being opposed to sports betting for a long time, the NFL has changed tone in recent years and has embraced legal sports wagering as an income-generating business for the league. And according to one of its officials, it’s going to be massive source of revenue for the NFL.

According to an article from The Washington Post, the NFL is expecting to generate $270M from gambling and sports betting deals signed by the league and its 32 teams. The amount could go as high as $1 billion before the end of the decade.

The NFL estimated its 2020 season loss to roughly $4 billion due to the pandemic. But with fans expected to return to stadiums this season and a new TV rights contract worth a reported $100 billion, revenue was expected to bounce back this year. And with the sports betting deals entered into by the league and its teams, ,the NFL’s income figures for 2021 should get a boost.

NFL’s Sportsbook Partners and Commercials

Earlier this month, the NFL announced that it would allow six sportsbook commercials per game. The NFL also announced FanDuel, DraftKings, and Caesars its tri-exclusive sports betting partners last April and recently added a second batch of sportsbook alliances with FoxBet, BetMGM, PointsBet, and WynnBet.

The Arizona Cardinals also announced plans to build the first retail betting shop inside an NFL stadium at their State Farm Stadium. Last month, the New Orleans Saints entered into a partnership with Caesars Entertainment for the naming rights to its Superdome. Caesars meanwhile, also has a marketing deal with the Houston Texans even if gambling in general is not allowed in the state of Texas.

Sports Betting Industry Has Expanded Exponentially

Since the U.S. Supreme Court repealed the 1992 Professional and Amateur Sports Protection Act in 2018, the sports betting industry in the United States has grown exponentially and continues to grow right now. Currently, sports betting is legal in a dozen states plus Washington DC that are home to NFL franchise. Overall, 14 out of the league’s 32 teams are based in states where sports betting is legal.

The NFL’s 2021 season begins on September 9th and if the forecast by PlayUSA is correct, the league could generate a total betting handle of $20 billion for the regulated market, which is triple the $7 billion football handle forecast for the 2020 season. Should that $20B handle be realized this season, it would mean $1.5B in profits for the legal sports betting operators.