SportsHandle and friends deliver another round-up of the week’s big developments in US sports betting.
Monthly Stock Watch: Sports Betting Stocks Plunge Amid Omicron, Profitability Concerns
November proved to be a challenging month for prominent sports betting stocks, perhaps the most frustrating since the height of the COVID-19 pandemic when a host of top gaming companies sunk to near all-time lows.
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Canada Sports Betting: Province-By-Province Look At What’s Available
The sports betting scene in Canada has seemingly changed by the minute since Bill C-218 was enacted on Aug. 27.
Since Canada’s Parliament decriminalized single-event wagering at the federal level last summer, provincially run lotteries are now offering single-game betting to customers in Canada. The legal framework surrounding how private sportsbooks will be able to operate in Ontario is still being drafted by the Alcohol and Gaming Commission of Ontario and iGaming Ontario.
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Disney Wants To Jump Into Sports Betting, But Who Would It Partner With?
Betting a side or a total may no longer get you side-eye from Mickey Mouse or Donald Duck.
And there may even be a sportsbook wearing mouse ears soon enough.
Although Disney’s ESPN media properties have discussed and embraced sports betting for some time, what is different now, based on a Nov. 10 earnings call, is the parent company has come to the conclusion that fully opening the door to sports betting is in its best interest and will not harm its brand.
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New York One Step Closer To Offering Mobile Sports Wagering
A mobile sports betting launch in New York is moving closer to reality. Last Wednesday, the New York State Register — the official journal of the New York state government that contains information on proposed regulations and rule-making — shared the state’s official sports betting rules.
The release of official rules marks another hurdle cleared for mobile sports betting in New York. A few steps remain before mobile sports betting goes live in the state, though.
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Already A Hit With The Ladies, MaximBet Offers NIL Deals To Dudes
MaximBet’s Name-Image-Likeness initiative has been such a hit with female athletes at Colorado colleges that the sportsbook/lifestyle brand opened the program up to men on Tuesday.
Doug Terfehr, MaximBet’s vice president of brand and communications, said the sportsbook’s decision to expand its NIL offering, which had been restricted to female college athletes in Colorado since sportsbetting.com rebranded itself as MaximBet in September, to men came due to “a massive influx of college basketball athletes wanting to get on the platform.”
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Five Maryland Casinos Prep For Sportsbook Soft Launch In December
Five Maryland casinos are moving closer to a retail sports betting launch.
The Maryland Lottery and Gaming Control Commission (MLGCC) said Thursday that it’s planning “controlled demonstrations,” which essentially represent a soft launch, for the five casinos awarded licenses Nov. 18 by the Sports Wagering Application Review Commission.
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Florida Parimutuels Call Seminoles Dishonest, Request Suspension Of Wagering
Describing the Seminole Tribe as a “disingenuous” group whose potential financial harm is “self-inflicted,” two Florida parimutuels on Tuesday asked the U.S. Circuit Court of Appeals for the District of Columbia to deny the tribe’s appeal and request for a stay to continue to offer digital sports betting in the Sunshine State.
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