Get a Grip — Sportsbook Week: New York May Expand

There’s information overload everywhere, and there’s not enough time to sleep and eat and keep up with what’s happening on our crazy blue dot (two out of three isn’t bad). Here’s the weekend’s Sports Handle article, ‘Get a Grip’, which rounds up the top of the week US Sportsbook Headlines, highlighting some fresh news and summarizing important stories.

Top stories about our network this week

The biggest story in the sports betting industry over the past year has undoubtedly been New York’s arrival as the largest state to adopt mobile betting, generating far more cash and tax revenue than anyone thought possible. One of the biggest stories of 2023 could well be various changes in the Empire State’s gambling laws to increase the number of digital sportsbooks, lower their tax rate, and add online casino games and poker to what’s allowed.

These forms of expansion were proposed this week either as bills already in place or as laws still being drafted in Albany, with the changes initiated by the same two lawmakers — Sen. Joe Addabbo and Rep. J. Gary Pretlow — who have campaigned for years to bring them about Legalize mobile sports betting. The mere fact that the pair are enacting the measures is no guarantee that anything will be voted on or passed, but the influential roles Addabbo and Pretlow play on the state Capitol suggest the issues are at least being seriously discussed.

Gaming issues have already been on the minds of many New Yorkers this year with plans to license three casinos in the New York City area, with influential developers jockeying for the rights to it. How this discussion develops alongside the debate on more sports betting and the expansion of iGaming will be very interesting to follow. We at sports grip and our network of other sites will be keeping a close eye on developments, as with all of the other topics covered in last week’s reports below.

Massachusetts is getting closer every day

Six digital operators have issued temporary sports betting licenses in Massachusetts

The Massachusetts Gaming Commission approves a number of regulations governing sports betting

Massachusetts Gaming Commission Curious About Sports Betting Restricting Customers

The Massachusetts Gaming Authority is pleased with the PointsBet mobile application

Modern tools aim to keep the hackers away

Anti-Fraud: High-tech solutions help sports bettors respond to major data breaches

More from the When Bettors Go Bad file

Dayton basketball players are hated by angry players online

When in doubt, ask Jay

Ask a Bookie with Jay Kornegay: About That Crazy Chargers Bet (and Ohio)

The great trifecta: sports, television and betting

Media Notebook: NFL Playoff Ratings Underpinned by Sports Betting?

Caesars takes his punishment

Caesars Sportsbook accepts a $150,000 fine from the Ohio Commission

Diversity remains Maryland’s priority

Maryland Betting Commission Approves 10 Licensee Diversity Plans

Finally, Betfred gets his day in Nevada

Nevada Gaming Board finally wants to consider Betfred’s sports betting application

Never hit a woman unless you are a woman

DraftKings debuts female fight league betting

Eureka, the money keeps pouring in

New Jersey crowns 2022 with $1.06 billion in December

Record December drives PA gaming revenue to peak of $5.2 billion in 2022

FanDuel takes two-fifths of all bets in PA and claims more than half of all revenue

Michigan channeled $365 million in gambling taxes to schools in fiscal 2022

Sports betting revenue in Louisiana hits record $37.2 million in 2022

Fanatics are said to be interested in betPARX

Fanatics is looking to make a big push into sports betting this year, although it has yet to release any details on how exactly it will do so. CNBC may have the answer, as it reported Friday — based on information from unidentified sources — that Fanatics is in talks to acquire digital sportsbook betPARX.

CNBC reported that Fanatics has signed a letter of intent to buy the sportsbook owned by Greenwood Gaming & Entertainment, which operates Parx Casino in suburban Philadelphia, although there is no guarantee the deal will go through. betPARX sportsbook originated in Pennsylvania in 2019, where it shares an online casino platform, but has since expanded to other jurisdictions including New Jersey, Michigan, Maryland and Ohio, and is poised to enter Massachusetts.

BetPARX has been a relatively small player in the highly competitive states in which it operates — it has about a 2% market share in its home state of Pennsylvania — but the better-known Fanatics brand could be more competitive, and the sports retailer’s executives may be holding onto it advantageous to take over a sports betting company that is already active in several states.

More of the most important, most interesting stories

THIS YEAR’S GLENDALE GAME IS JUST A WARM-UP: The Super Bowl is in a betting state for the first time – Vegas is watching [The Nevada Independent]

THIS IS NOW ALSO…: Ex-Georgian Chief Justice: Sports betting does not require constitutional amendment [The Atlanta Journal-Constitution]

WE BET YOU WOULD CHANGE YOUR MIND: Ontario regulator is reintroducing betting on UFC after the organization overhauled gambling policy [Canada Sports Betting]

THIS DID NOT LAST LONG: CU Boulder discontinues controversial sports betting incentive [CU Independent]

Ironically, Mexico is cooler: Coolbet brings sports betting and iGaming offerings to Mexico [SBC Americas]

SURVIVAL OF THE MOST COMPETITIVE: “I definitely got very lucky.” Circa Survivor Winners Tell a $6.1 Million Story[[[[Las Vegas Review Journal

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