Back by popular demand, the PlayUSA Rewind!
This week, Missouri sports betting will attempt to right the ship in 2022, sports betting in South Dakota is considering a September start date and two sports franchises are making gaming deals.
It’s official, Missouri sports betting is back for round 2
state Senator Denny Hoskins-R says it supports an ‘all-inclusive’ gaming program in 2022, including the possibility of legal sports betting in Missouri.
Hoskins said Missourinet, it plans to first file legislation on sports betting in December. The senator also predicted that sports betting could generate around $ 20 million annually for the State.
Missouri was one of four states that failed to pass a sports betting bill during the 2021 legislative season. Additionally, a bill drafted by Hoskins failed to pass legislation. ‘magnitude after being linked to the legalization of video lottery terminals (LVL).
Hoskins will attempt to legalize VLTs again, which he says will increase $ 250 million every year for K-12 education.
Key takeaway: Senate Speaker Pro Tem Dave Schatz-R is anti-VLT. So Hoskins must figure out how to influence the Speaker of the Senate before anything can happen. In this case, sometimes “all inclusive” is not the best course of action.
The Oakland A MLB Team in Vegas?
Could Las Vegas rob another team in Oakland?
Oakland Athletics (MLB) President David Kaval said to Independent from Nevada the franchise is on parallel paths out of the 55-year-old Oakland Coliseum.
One way forward includes a new $ 12 billion development, including a waterfront stadium at Howard Terminal. The other one $ 1 billion retractable roof baseball stadium in southern Nevada.
The A’s lease at the Coliseum ends in 2024, So while it’s time to negotiate a new contract, every second counts.
Takeaway meals: While Las Vegas would love to have an MLB franchise, would the city be willing to provide additional capital to build another state-of-the-art facility? The city has already spent a lot of money to build an arena for the Vegas Golden Knights (NHL) and forked $ 750 million for the Las Vegas Adventurers (NFL) new stadium, all in less than four years. So will they succeed 3 against 3?
South Dakota sportsbook targets start of NFL season
Those interested in the tourist destination of Deadwood, South Dakota, will be delighted to hear that new equipment is coming to town.
The State Gaming Commission has approved regulations to govern sports betting in South Dakota, which means the state is on track to launch betting operations by the start of the next NFL season.
Some key dates to remember include August 2nd, when lawmakers are supposed to give final approval to the rules. Then on September 8, the SD Gaming Commission (SDCG) should certify operators. So if there is no setback, retail sports betting can start on September 9, on day one of the NFL regular season.
Takeaway meals: While it may not be the whole state of South Dakota that is fortunate enough to participate in sports betting, it is a step in the right direction. It is possible that ultimately the rules will be changed by the commission to include mobile sports betting. Time will tell, but for now South Dakota is set to join the sports betting ranks in 2021.
Pirates + BetMGMG and Lions + WynnBET
It’s always nice to know who your favorite teams team up with for sports betting, isn’t it?
Fans of the Pirates of Pittsburg (MLB) might be delighted to hear that the ball club has teamed up with PA sports betting operator BetMGM sports betting. Like most of these deals, the multi-year partnership will allow BetMGM to display advertisements on the Pirates’ website and on social media. Additionally, fans should be prepared to see several BetMGM signs at PNC Park.
Just over five hours northwest of Pittsburg, the Detroit Lions (NFL) made a deal with WynnBET as the official sports betting partner of the team.
According to business journal, the agreement will include the WynnBET Sports Bar at Ford Field, which will open for the next one 2021 NFL season. Wynn’s branding will also populate the Lions mobile app, social media channels, preseason TV shows, regular season programming and radio shows.
Takeaway meals: These agreements show how far the legalization of sports betting has spread. They also show how integrated sports betting will become in the future of sports. It’s safe to assume that over time every major sports franchise in all leagues will one day have a partner in the gaming world.
Maryland Sports Betting Rules Approved
The vast, all-inclusive, Maryland Sports Betting network is one more step towards reality.
the Maryland Lottery and Gaming Control Commission (MLGCC) has approved the rules and regulations to govern the industry, meaning they can now be published for public comment.
The huge sports betting market in Maryland will consist of 40 retail licenses (Class A and Class B) and 60 mobile licenses. Ten Class A licenses will be defined as passive for casinos, racetracks and sports venues. The 30 Class B licenses will include other similar facilities at the Maryland State Fairgrounds.
Mobile licenses will cost $ 500,000 for administrative fees plus a supplement $ 1.5 million for a license deposit. Retail handling fees can range from $ 50,000 at $ 2 million, with license obligations ranging from $ 75,000 at $ 6 million.
Takeaway meals: Maryland is an exciting state to watch. It is sandwiched between the sports betting markets of Delaware, Pennsylvania, Virginia, and West Virginia. With around 6 million people, it will be interesting to see if operators can convert those customers who are already betting on apps in other jurisdictions.
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This week’s market teasers include Las Vegas Sands Corp., which is slowly accepting online games, and the Media Score Group, which is restructuring its internal trading team.
Las Vegas Sands Corp.
$ LVS | $ 47.88 | 1.13% change
- One of the most traditional casino companies in the world, it looks like $ LVS is finally embracing online gambling. The company has announced that it will assemble a digital games investment team to focus on the business-to-business space. At the time of the announcement, the shares were at $ 51.02. Since then, the stock has hovered between $ 47 and $ 49 per share.
Score Media and Gaming Inc.
$ SCR | $ 15.16 | 4.34% change
- After several swings and hiccups, TheScore announced its intention to bring its trading “in-house” after reporting a $ 2 million loss of net gaming revenue. The stock peaked at $ 24.67 per share in June, but now has a downtrend, hitting between $ 15 and $ 19 per share.
** Market Teasers is not financial advice, nor am I a financial advisor. All figures were taken on July 20 at market close.