U.S. law mostly banning sports gambling
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On this episode of the SeventySix Capital Sports Leadership Show, Wayne Kimmel interviewed Bill Pascrell III, Special Advisor to our portfolio company IC360. As Special Advisor, Pascrell will focus on policy development, strategic guidance, and strengthening IC360's position as the trusted authority in gaming compliance and integrity solutions. Pascrell is a Partner at Princton Public Affairs Group, Inc, the nation's largest state based public, regulatory and government affairs firm. He is a lawyer, strategic advisor, and consultant in the gaming sector through dozens of clients throughout the globe from the U.S., Canada, United Kingdom, Israel, Europe, South America, and Australia. He is recognized as one of the nation's top experts on internet gaming, lottery, horse racing, poker, esports, and sports betting, and continues to advise governments across the globe on issues involving the gaming industry. Pascrell serves on the Board of the Etain Foundation US, since its creation in 2019, with a focus on safer betting and gaming, grassroots sports, diversity in technology and projects with a clear link to the communities in which Entain operates. The Foundation has invested in dozens of projects to support its mission of integrity, compliance and responsible gaming. These programs include the creation and launch of the Seton Hall University Law School Boot Camp on Compliance, Integrity and Responsible gaming; a research partnership with UNLV creating initiatives to apply best practices in responsible gambling, policy and health; and alliances with NCAA and Professional Leagues to educate players about responsible gaming to name just a few. This work has earned he Enatoin Foundation US and Bill Pascrell, III many global responsible gaming honors and wards from organizations like SBC, GDC, EGR, and VIXIO. Pascrell led the successful 10-year campaign to legalize sports betting in the United States, culminating with the repeal of the Professional and Amateur Sports Protection Act (PASPA) by the U.S. Supreme Court and has worked in every state that has legalized sports betting since the repeal of PASPA in 2018. Pascrell also quarterbacked a successful campaign to pass the first-in-the-nation Online Gaming Act in New Jersey in 2013 and helped develop the regulatory regime that implemented the legislation. He has work in all 7 states that have legalized online gaming and continues his advocacy to further expand online gaming to other interested states. He has also been a pioneer in passing first in the nation legislation on Lottery Courier, Esports Wagering and Fixed Odds-Horse Racing. Public service and governance have been a cornerstone of Pascrell's career. He has served as Counsel to New Jersey Governor James Florio (1989-1992), Chief of Staff to US Congressman Herb Klein(1992-1994), and Passaic County Counsel from 1998 to 2019, advising on critical governance matters through multiple terms. Nationally, Pascrell has been a trusted political advisor to prominent leaders, including Presidents Bill Clinton, Barack Obama and Joe Biden, U.S. Senator and Democratic Presidential nominees U.S. Senator John Kerry and Secretary of State Hillary Clinton, U.S. Senator Jon Corzine, U.S. Senator Frank Lautenberg, and Governors James E. McGreevey, Richard Codey and Phil Murphy. A graduate of Rutgers University, Pascrell earned his law degree from Seton Hall University School of Law and has completed executive programs at Harvard University's Kennedy School of Government. His blend of academic excellence and practical leadership has earned him recognition as one of the most influential figures in public administration and governance. Bill Pascrell III: LinkedIn: https://www.linkedin.com/in/billpascrell/ Instagram: https://www.instagram.com/pascrell3rd/ X: https://x.com/BillPascrell3rd
On this episode of the SeventySix Capital Sports Leadership Show, Wayne Kimmel interviewed Dave Rebuck, Special Advisor to our portfolio company IC360. David L. Rebuck was appointed by Governor Chris Christie in 2011 as Director of the New Jersey Division of Gaming Enforcement. Before that, he served for 23 years as a Deputy Attorney General, specializing in policy guidance and regulatory reform. He played a key role in the legalization and implementation of internet gaming in New Jersey, with the state launching its online gaming platform in November 2013. Rebuck was instrumental in New Jersey's efforts to legalize sports betting, culminating in the U.S. Supreme Court's 2018 decision to overturn PASPA, allowing states to legalize sports wagering. Additionally, Rebuck led the opening of Hard Rock and Ocean Resorts casinos on the same day in June 2018.He holds a BA from Gettysburg College, a master's degree from the University of Vermont, and a law degree from Widener University. In 2013, he was recognized as Regulator of the Year by the International Masters of Gaming Law and is a member of the New Jersey Bar. Dave Rebuck: LinkedIn: https://www.linkedin.com/in/david-rebuck-295930111/
These aren't the best of times for affiliates in the business of gambling, as reflected by the recent news involving XL Media, Catena Media and Better Collective. Straight to the Point publisher/editor Steve Ruddock returned to the Gaming News Canada Show. Ruddock walked us through his experiences in the affiliates industry over the past 15 years, and discussed with your humble host the decision by Catena Media and Better Collective to let go journalists covering the industry and what's next in the affiliate space. That also led to a lengthy discussion around coverage of the sports betting and gaming industry since the overturning of PASPA by the U.S. Supreme Court in 2018. The wild and crazy presidential election in the U.S. has attracted the interest of 16 sportsbooks – including OLG - in Ontario's regulated marketplace. We asked Ruddock about the participation by Robinhood, Kalshi and Polymarket in predicting the Harris-Trump battle, and the potential impact the next U.S. federal government will have on the country's legal gambling landscape. Last but not least, the debate continues about the competition/collaboration of retail and online gambling, so we asked our guest for his two cents on the topic. Hosted on Acast. See acast.com/privacy for more information.
We're back with Ep. 9 of The Gamble & The Glory, where we meet founders that have built their companies to become stalwarts of the sports betting, fantasy, and iGaming industry. In this one, we speak with Jay Deuskar & Dylan Cooper from PrizePicks. Hear them discuss: The origin story of PrizePicks with its goal to simplify the DFS experience for casual fans How the PASPA repeal created an opportunity for PrizePicks to attack DFS while the incumbents shifted focus to sports betting The key early growth moment that made them realize they had found product-market fit How leveraging partnerships with athletes, sports teams, and arenas has helped them build a mass market brand Scaling company culture while managing rapid growth in the business The company's lean fundraising journey and heavy focus on intentional growth Why PrizePicks is investing so heavily in esports, and how that's translating into business results What motivates them to keep pushing forward despite all of the success thus far Video version of this episode can be viewed here. Learn more
Ep. 123 is our quarterly Investor Vibe Check, where we chat with 3 industry investors to get their perspective on the landscape from their side of the table. The vibe check for Q2 features Chris Grove (Acies Investments), Roger Ehrenberg (Eberg Capital) and Davis Catlin (Discerning Capital). Hear them discuss: Reflections on Q2 and the six-year anniversary of PASPA's repeal, and its implications on the iGaming industry. The surprising consolidation of operators in the U.S. market and what challenger brands can do to compete with incumbents. The growing popularity of the sweepstakes model, its sustainability, and future potential within the broader real money gaming ecosystem. Opportunities in betting on niche and alternative sports, and their impact on expanding the total addressable market in the U.S. Practical advice for early-stage founders on navigating the uncertain economic environment and achieving cash flow positivity. Future predictions for the iGaming industry, including potential M&A deals, cybersecurity concerns, and regulatory changes to watch for in the next six months. Video version of this episode can be viewed here. Learn more
One of the biggest sports betting scandals of the post-PASPA era is going to result in a professional athlete likely spending time behind bars. Is Jontay Porter just the unfortunate athlete who got caught, or is he an outlier in the regulated sports betting space? This will be the first discussion on today's episode of iGaming Daily, supported by Optimove, as SBC Americas Editor, Jessica Welman, discusses the latest update from the Porter case as he pleas guilty. Then, in the second half of the show, the duo talk through Betway's exit from most of the US markets. To read more on the topic's delved into today's episode, click on the following links:- https://sbcamericas.com/2024/07/10/nba-gambling-scheme-guilty-plea-porter/- https://sbcamericas.com/2024/07/10/super-group-us-exit-betway-operations/- https://sbcamericas.com/2024/07/10/sis-genius-sports-partnership/Host: Jessica WelmanGuest: Charlie HornerProducer: Anaya McDonaldEditor: James RossRemember to check out Optimove at https://hubs.la/Q02gLC5L0 or go to Optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.
Matt Landes goes behind the counter of the new sportsbook Prime Sports with Joe Brennan Jr. and Adam Bjorn for a wide-ranging conversation covering their legendary backgrounds in betting, the inside scoop on the historic PASPA repeal, and Prime's unique value proposition to bettors. They also discuss the US gambling industry's biggest threats and opportunities, the virtues of whiskey and local beer on draft, and the balance between creativity and productivity. If you enjoy Props & Hops, please leave a rating on Apple Podcasts or Spotify. Follow on Twitter: https://twitter.com/PropsAndHopsPod https://twitter.com/LayOfTheLandes https://twitter.com/primesportsbook https://twitter.com/joebrennanjr https://twitter.com/AdamBjorn2 Link to all media: https://linktr.ee/propsandhops
In the post-PASPA era we've seen major betting scandals across the MLB, NFL and NCAA but none come close to the story of Jontay Porter, the former Toronto Raptor who has now been permanently banned from the NBA.On today's episode of iGaming Daily, sponsored by Optimove, SBC Americas Editor, Jessica Welman, is joined by Insider Sports Editor, Ted Orme-Claye and Senior Journalist, Callum Williams, break down what Porter did, how the league responded, and what this means for the sports betting and basketball industries going forward.To read more on the topic discussed in today's podcast, click on the following link:- https://sbcamericas.com/2024/04/17/jontay-porter-nba-betting-ban/Host: Jessica WelmanGuests: Ted Orme-Claye & Callum WilliamsProducer: James RossEditor: James RossRemember to check out our partners Optimove at https://hubs.la/Q02gLC5L0 or go to optimove.com/sbc to get your first month free when buying the industry's leading customer-loyalty service.
We're back with Ep. 5 of The Gamble & The Glory, where we meet founders that have built their companies to become stalwarts of the sports betting, fantasy, and iGaming industry. In this one, we speak with Charles Gillespie & Kevin McCrystle, CEO & COO of Gambling.com Group. Hear them discuss: The go-to-market plan for launching the business in 2006, which involved moving to Shanghai to launch a sports betting information site focusing on the Chinese market Abandoning the China strategy after 4 years to "make two really key pivots" that better leveraged their SEO expertise The story of acquiring the Gambling.com domain name for $2.5m in 2011, and why that helped them achieve product-market fit How the repeal of PASPA derailed their plans to list the company in Sweden, and instead led them to list on the NASDAQ in 2021 Whether the perception of affiliates as "a necessary evil" by operators aligns to their experience as one of the industry's largest performance marketing companies Gambling.com's role as a founding member of the Responsible Gambling Affiliate Association, and what the trade association serves to achieve How they've maintained their strong co-founder relationship over the almost 20 years since starting the company Advice to other entrepreneurs based on their main lessons learned from building Gambling.com to a nine-figure market cap Their perspective on ambition, and what continues to drive them as entrepreneurs despite all the success they've achieved to date Learn more: ➡️ Gambling.com Group website ➡️ Charles Gillespie on Linkedin ➡️ Kevin McCrystle on Linkedin The Gamble & The Glory is made possible by Segev LLP, a full solutions law firm purpose built for the gaming and betting industry. To learn more, visit: www.segev.ca
The US federal excise tax has existed long before the repeal of PASPA, but it is a subject that is rarely discussed—until now.Last week, federal lawmakers introduced the Gambling Addiction Recovery, Investment, and Treatment Act, or GRIT Act, which proposes using the money collected through the federal excise tax to support Responsible Gaming (RG) causes. However, the measure was not well-received by operators, as the American Gaming Association has come out against it.Why would the industry oppose such a measure?In the first half of today's episode of iGaming Daily, sponsored by Optimove, Jessica Welman, Editor at SBC Americas, is joined by SBC's Media Manager, Charlie Horner, to delve into the GRIT Act and what this means for operators.In the second half of today's podcast, Jessica Welman is joined by Alex Kane, CEO and Founder of Sporttrade, to discuss the impact of the federal excise tax on operators.To read more on the topics discussed on Friday's episode of iGaming Daily, click on the following links:https://sbcamericas.com/2024/01/11/lawmakers-introduce-problem-gambling/https://sbcamericas.com/2024/01/12/aga-opposes-grits-act-gambling-bill/https://sbcamericas.com/2023/03/19/2023-federal-sports-betting-excise-bill/https://youtu.be/bKDTigl_sgMFollow Alex on Twitter:https://twitter.com/a_kane47Host: Jessica WelmanGuests: Charlie Horner, Alex KaneProducer: Anaya McDonaldEditor: James RossRemember, if you are attending the ICE London on 6-8 February 2024 at ExCeL London, make sure you head over to Optimove's stand and mention that you listened to the iGaming Daily podcast to receive an Amazon gift voucher.Check out our partners at Optimove: https://hubs.la/Q02gLC5L0
The new year is upon us but before we take a break to spend some holiday time with the family and ready for 2024, here at iGaming Daily we are going to look back on 2023. The repeal of PASPA celebrated its fifth birthday, IGRA celebrated its 35th birthday, and the online gambling industry in the US continued to grow and develop. On today's episode of iGaming Daily, SBC Americas Editor Jessica Welman, alongside her colleague Senior Journalist Charlie Horner, take a look at the biggest headlines and trends that dominated North America over the past year. Host: Jessica WelmanGuest: Charlie HornerProducer: Anaya McDonaldEditor: Anaya McDonaldTo read more on the topics discussed in today's episode, click on the following links:Charlie's top picks:1. ESPN Bethttps://sbcamericas.com/2023/12/21/michigan-gambling-revenue-november-2023/https://sbcamericas.com/2023/12/20/espn-bet-loses-pa-launch-state-revenue/https://sbcamericas.com/2023/12/15/massachusetts-sportsbook-revenue-november-2023/https://sbcamericas.com/2023/08/08/espn-bet-penn-barstool-sportsbook-rebrand/2. FL court casehttps://sbcamericas.com/2023/06/30/dc-circuit-court-seminole-sports-betting/https://sbcamericas.com/2023/11/07/hard-rock-bet-soft-relaunch-florida/https://sbcamericas.com/2023/10/12/west-flagler-scotus-florida-sports-betting/https://sbcamericas.com/2023/09/21/florida-sports-betting-court-delays/3. Integrity concernshttps://sbcamericas.com/2023/09/07/iowa-state-athletes-underage-gambling/https://sbcamericas.com/2023/07/13/ncaa-175-betting-infractions-2018/https://sbcamericas.com/2023/06/29/ncaa-updated-sports-betting-rules-2023/https://sbcamericas.com/2023/10/02/nfl-revised-sports-betting-policy/https://sbcamericas.com/2023/04/21/nfl-detroit-lions-gambling-violation-suspension/https://sbcamericas.com/2023/10/27/shane-pinto-nhl-sports-betting/Jess' top picks:1. Market stagnationhttps://sbcamericas.com/2023/08/31/pointsbet-sale-finalized-fanatics-rebrand/https://sbcamericas.com/2023/08/21/gan-wynn-bet-closure-postmortem/https://sbcamericas.com/2023/11/29/kindred-north-america-q2-2024/https://sbcamericas.com/2023/07/21/rebuck-dge-playup-new-jersey-license/2. DFS warshttps://sbcamericas.com/2023/12/18/virginia-ag-dfs-fantasy-legal-opinion/https://sbcamericas.com/2023/10/05/underdog-ceo-levine-fanduel/https://sbcamericas.com/2023/11/02/arizona-mississippi-fantasy-letter/Charlie's favorite of the year: https://sbcamericas.com/2023/03/27/a-fun-challenge-mlb-rule-changes/Jessica's favorite of the year: https://sbcamericas.com/2023/08/25/chris-carney-raynham-park-op-ed/Next up for SBC Events is beautiful Rio, SBC Summit Rio will place a spotlight on critical aspects such as regulatory frameworks, localized product offerings, operator-media relationships, sports integrity, data rights, and sponsorship opportunities. Visit https://sbcevents.com/en/sbc-summit-rio/ for more info, and to get your ticket!
Five years on from PASPA, the state of sports betting in the USA has evolved dramatically and still has plenty of room to expand. On this episode of StreamTime Sports co-hosts Nick Meacham and Chris Stone are joined by SportsPro's deputy editor Ed Dixon to discuss the American sports gambling market's journey. Talking points: How prevalent has sports betting in the US become since its legalisation and who are the key players? – (4:54) How much room for growth is there for sports betting in the market? – (13:42) Do the NFL, NBA, and other USA sports properties even need betting sponsorships? - (21:22) Can you compare the US betting market with the UK other more mature betting regions? - (31:06) How will sports betting impact sports media and coverage? - (37:22)
Ep. 85 features Joe Brennan and Adam Bjorn from Prime Sports, which is bringing an old-school bookmaking approach to the US market. Hear them discuss: Being at the forefront of the lobbing effort that eventually led to PASPA's repeal in 2018 Why they see big opportunity in bringing an old-school bookmaking approach to the US “Doing a really crazy thing ahead of launching” and talking directly to customers that felt underserved by incumbent operators The non-obvious reason why cutting into the existing operator market share isn't their primary objective Their long-term approach to Prime Sports, and why they won't begin to think about it as a success or failure until after World Cup 2026 Why they see the current market leaders as being “the McDonald's and Burger King of betting” Their #1 piece of advice for new entrants coming into the betting industry The most surprising thing to each of them about how the regulated US market has unfolded Learn more
BettingStartups.com presents its newest sub-series, The Gamble & The Glory, where we meet founders that have built their companies to become stalwarts of the sports betting, fantasy, and iGaming industry. In this debut episode, we speak with David Briggs, co-founder & Director of GeoComply. Hear him discuss: His start in the industry launching Ladbrokes' first digital offering in 1999 Launching GeoComply to support New Jersey's iGaming rollout in 2013, which was "the most stressful time in [his] career" The "very difficult, hard yards" of GeoComply's first 5 years, and "grinding out the smallest incremental bits of growth" during those years How GeoComply prepared for PASPA's repeal in 2018, and David's thoughts on the first five years of regulated online gaming in the US The importance of being committed in business and in life, and why "commitment is its own reward" How he thinks about work-life balance, and why having it "isn't the same as being half-assed about your career" Embracing rejection as an entrepreneur, and the importance of maintaining humility GeoComply's first acquisition of OneComply earlier this year, and why it was "a very natural first acquisition" Championing The Challenger Series event, and why he wants "to bring a bit more power back to founders" Learn more ➡️ GeoComply website ➡️ David Briggs on Linkedin The Gamble & The Glory is made possible by Segev LLP, a full solutions law firm purpose built for the gaming and betting industry. To learn more, visit: www.segev.ca
Ep. 80 features Cal Spears, serial industry entrepreneur who joins to take us through his history in the US online gambling industry before PASPA's repeal in 2018. Hear him discuss: The online poker boom in the early 2000's, which led him to co-found PocketFives.com in 2005 The passage of UIGEA in 2007, which prompted him to sell PocketFives and relocate to Costa Rica with his co-founders Launching RotoGrinders 2010 after observing the emergence of daily fantasy sports tournaments from startup companies such as DraftKings and Fanduel The pivotal moment known as Black Friday in 2011, which led to him re-acquiring PocketFives, and pivoting it from an affiliate to a subscription-based business Negotiating a revenue share deal with Jason Robins during DraftKings' first year in business, which “was the best financial decision [he's] ever made” The 2015 DFS scandal that involved a former RotoGrinders employee, which led to the US government trying to regulate the DFS industry The repeal of PASPA in 2018, which paved the way for RotoGrinders' sale to Better Collective in 2019 Cal's advice for younger entrepreneurs entering the space today This episode was guest hosted by Cooper Lycan, founder of Sobet, which you can learn more about in Ep. 35 from last August. Learn more
The off-season has been busy for sports leagues as they all are taking time to rethink how they approach their sports betting policies. This week the NCAA revised its position on the subject for the first major post-PASPA changes. The NBA also updated its CBA with respect to betting, and the NFL? Well, the NFL apparently has even more players to suspend for violating the betting policy.What do these changes look like? Who's handling things best? Who's handling things the worst? Jessica Welman, alongside Charlie Horner tackle all those questions and more on today's episode of iGaming Daily, sponsored by SBC Summit Barcelona.Later this year, SBC Summit Barcelona will return between 19-21 September at the Fira Barcelona Montjuïc. Click the following link for more information - https://sbcevents.com/sbc-summit-barcelona/Host - Jessica WelmanGuest - Charlie HornerProducer - Mollie ChapmanEditor - Mollie Chapman
Doggy Juice Podcast Episode 135 - Five Years Post-PASPA by DoggyJuice
Welcome to THE Sports Law Podcast! We keep you informed on everything at the intersection of sports and the law. On the fifth year anniversary of PASPA being overturned by the United States Supreme Court, Daniel Wallach (@WALLACHLEGAL) and John Brennan (@BergenBrennan) look back on the case that opened the floodgates for state-authorized sports betting throughout the United States. Daniel and John share their insights on how New Jersey--which had lost court ruling after court ruling--was finally able to prevail before the Supreme Court. *** Have a topic you want to write about? ANYONE and EVERYONE can publish for ConductDetrimental.com. Let us know if you want to join the team. Hosts: Dan Wallach (@WallachLegal) Producer: Zach Bryson (@ZacharySBryson) Twitter | Instagram | TikTok | YouTube | Website | Email --- Support this podcast: https://podcasters.spotify.com/pod/show/condetrimental/support
Host Matt Landes and attorney and bettor Mike Roselli explore the perception of leagues' relationships with sportsbooks, why regulated gambling is good for the integrity of the game, and their top NFL futures and golf betting tips. They also weave in the hops with a beach day IPA and the Malinsky Minute with fond recollection of timeless life and gambling wisdom from the legendary David Malinsky. Follow on Twitter: https://twitter.com/PropsAndHopsPod https://twitter.com/MLandes18 https://twitter.com/michaelroselli Link to all media: https://linktr.ee/propsandhops If you enjoy Props & Hops, please leave a rating on Apple Podcasts or Spotify -- it's the #1 way you can support the show. Theme song: The Hambones, "Props & Hops" https://facebook.com/TheHambones https://TheHambones.com
Mike Palm and Ken Miller sit down to talk about the NFL schedule release, the five-year anniversary of PASPA and how it changed sports gambling, and a Kentucky Derby weekend recap. They touch on the recent gambling allegations against Iowa and Iowa State, NBA/NHL Playoffs, and the latest in MLB. Learn more about your ad choices. Visit megaphone.fm/adchoices
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the latest college betting controversies, how far the sports betting business has come in the five years since PASPA was overturned, and some on-the-scene thoughts from SBC Summit North America, plus they talk to 2003 World Series of Poker champion Chris Moneymaker about the 20th anniversary of his landmark victory, whether he saw the “Moneymaker Effect” coming, and how his WSOP plans for this summer are shaping up. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit podcastchoices.com/adchoices
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the latest college betting controversies, how far the sports betting business has come in the five years since PASPA was overturned, and some on-the-scene thoughts from SBC Summit North America, plus they talk to 2003 World Series of Poker champion Chris Moneymaker about the 20th anniversary of his landmark victory, whether he saw the “Moneymaker Effect” coming, and how his WSOP plans for this summer are shaping up. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.
Host Matt Landes welcomes back attorney and bettor Mike Roselli for a deep dive on the sports betting legalization landscape. With this week marking five years since the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), the federal ban on sports gambling, Matt and Mike explore highlights and lowlights since states received the right to regulate betting, plus what to anticipate for the industry's future. Follow on Twitter: https://twitter.com/PropsAndHopsPod https://twitter.com/MLandes18 https://twitter.com/michaelroselli Watch the full interview now: https://www.youtube.com/@PropsAndHops Link to all media: https://linktr.ee/propsandhops If you enjoy Props & Hops, please leave a rating on Apple Podcasts or Spotify -- it's the #1 way you can support the show. Theme song: The Hambones, "Props & Hops" https://facebook.com/TheHambones https://TheHambones.com
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the major sports leagues and networks coming together to form the Coalition for Responsible Sports Betting Advertising, Michigan setting the all-time single month online casino revenue record, and a scandal brewing with possible match fixing in the Chinese Basketball Association, plus they talk to Better Collective US executive Adam Small about the role affiliate sites play in the industry, when his home state of Georgia will legalize sports betting, and how the business compares to what he foresaw in 2018 when PASPA fell. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit podcastchoices.com/adchoices
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the major sports leagues and networks coming together to form the Coalition for Responsible Sports Betting Advertising, Michigan setting the all-time single month online casino revenue record, and a scandal brewing with possible match fixing in the Chinese Basketball Association, plus they talk to Better Collective US executive Adam Small about the role affiliate sites play in the industry, when his home state of Georgia will legalize sports betting, and how the business compares to what he foresaw in 2018 when PASPA fell. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the launch of retail sports betting in Massachusetts, the prospects for a new Georgia wagering bill, and an immediate line swing (again!) on the Eagles-Chiefs Super Bowl, plus they talk to former New Jersey Gov. Chris Christie about his successful legal fight to upend PASPA, his personal sports betting habits, the Cowboys, the Mets, Springsteen, whether he'll be running for president in 2024, and more. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit megaphone.fm/adchoices
USBets.com Managing Editor Eric Raskin and Senior Analyst Jeff Edelstein analyze the launch of retail sports betting in Massachusetts, the prospects for a new Georgia wagering bill, and an immediate line swing (again!) on the Eagles-Chiefs Super Bowl, plus they talk to former New Jersey Gov. Chris Christie about his successful legal fight to upend PASPA, his personal sports betting habits, the Cowboys, the Mets, Springsteen, whether he'll be running for president in 2024, and more. Find us on Twitter @US_Bets or go to USBets.com for more. Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.
Ben Truman joins Michael Rasile on For the Love of Sports to discuss his company Media Troopers and where they fit in the sports betting/iGaming space. Ben is a veteran of the industry originally starting over in the UK and Europe before pivoting to the US after the repeal of PASPA in 2018. Media Troopers works as an affiliate to the sports books helping them sign up clients and bring more bettors their way. Through his time in the industry over multiple continents, Ben has already seen the maturing of markets and doesn't believe we're in for a consolidation of books, just ones that are smarter with how they get to their goals! https://www.linkedin.com/in/benjamin-truman-97189a12/ https://www.linkedin.com/company/mediatroopers/
David Rebuck has been retiring from the New Jersey Division of Gaming Enforcement for several years but he can't get out. The state's chief regulator, he was appointed in 2011, coinciding with a change in regulatory structure in New Jersey that gave the DGE complete investigative power in that process. Since then he's presided over the legalization of online gaming, the sports betting lawsuits that led to the PASPA decision by the Supreme Court in 2018, and becoming the first state to introduce sports betting outside of Nevada. He's now served two governors and anticipates his retirement sometime in 2023. He spoke with GGB Publisher Roger Gros at the DGE offices in Atlantic City in August.
Penn National Gaming had been the leading regional gaming company for at least the past decade, but in the last few years, it has embraced an omnichannel approach to the business. Jay Snowden, the president and CEO, has taken an aggressive stance in positioning the company for growth in the digital field without taking his eyes off the land-based casinos. He spoke with GGB Publisher Roger Gros at G2E in Las Vegas in October. (For complete podcast listen to the audio above or view the video at the bottom of this article). GGB: A lot of things have changed since we've seen each other. The first is the name of the company. Why did you do that? Jay Snowden: We changed it for several reasons. We've evolved so much as a company over the course of the last three or four years. We were predominantly a regional gaming company, and we spun off all of our real estate in 2013 and 2014. So what we've been really focused on is evolution into more of an entertainment company. We are now owner of two of the best sports media brands in North America, with Barstool Sports and theScore. We also now are operating in 14 states as an online sports betting operator, and a handful from an online casino perspective. So we felt like National Gaming Inc., didn't really describe who we are anymore, and we felt “entertainment” was broadly more appropriate for us. And so the name change made a lot of sense, and it really speaks to not just the company we've become, but I think importantly where we're going as a company. Tell us why buying Barstool and theScore made sense for the company. That's something that we knew we needed to do as a company, because regional gaming in and of itself isn't high growth. And we consider ourselves a growth company. We felt like once PASPA was overturned in May 2018, that opened the door for us to really think differently about the company going digital, and to really focus on an omnichannel strategy because we have structural advantages. We own the brands that you mentioned. Those aren't joint ventures. We're not just investors. And we also own our brick-and-mortar assets and those licenses. So we can get customers, whether it's through online sports betting or a casino visit or online gaming, or really loyal followers of our sports media assets and brands and the content behind those brands, bring them into the ecosystem and then introduce them to all of the other offerings that we have and do cross sale. That's why I feel strongly that any business sector you look at, if you don't have a very compelling digital and/or omnichannel strategy, you're facing extinction in the relatively near future. So we needed to pivot, we've pivoted, we've embraced it, and here we go! You recently announced expansions of some of your properties on the land-based side. What was that all about? It's another part of our strategy for growth. And you have to remember that even though a lot of the focus for the industry over the last couple of years has been on digital and online sports betting, at the core of our omnichannel strategy are our brick-and-mortar casinos. They generate most of the revenue and a tremendous amount of cash flow for the company. We've got best-in-class assets in most of the markets where we operate, but there are a few that aren't best in class, and we've been wanting to address that. Two of the ones that are best in class just needed more hotel capacity. In the case of M Resort here in Las Vegas, we have 390 rooms today. We've been busting out of our seams for the last several years. So we announced that we're going to build another hotel about the same size—375 rooms. We're also adding a hotel in Columbus—200 rooms and about a $100 million investment. We've been needing a hotel there since day one. We'll break ground at the end of 2023. That one's probably a 12 month-to-15-month build. In Illinois, two of our assets aren't best in class and really have become less competitive over time. They're just dated riverboat barges, one in Aurora and the other in Joliet. In Joliet, we're going to actually move our license about five or six miles away to a new development, a mixed-use development, since we no longer have to be on the water. It's right off of two major interstates. And then the last one, which is the largest investment, is a $360 million relocation of our Aurora riverboats. And similarly, we're moving that one seven miles away right off of Interstate 88. The beauty of that project is that one, it's right off the interstate, but two, it's right next to a Simon Premium Outlet Mall that already attracts 7 million or 8 million people a year. Are you making these changes in Illinois because of the casinos that have been approved in the northern part of the state? We consider the moves to be both offensive and defensive. You can sit back and do nothing. You can sit on your hands and you can continue to lose market share and revenue. And that's not a compelling business strategy from my perspective. This is not just, “Hey, the riverboat barges are old, we need to build something new, but build 'em at the same location.” This is a brand-new build at more favorable locations. And so, even though there's new supply coming into Illinois, we believe this will make us a lot more competitive in Joliet and in Aurora.
David Rebuck has completed over a decade on the job leading New Jersey's chief regulatory body, the Division of Gaming Enforcement. Rebuck is the longest serving director in DGE history. During his term he has been responsible for the introduction of online gaming, the disruption of the Covid 19 pandemic, the quick implementation of sports betting following the Supreme Court's PASPA decision, and the shuttering of four, and the reopening of two new casinos in the Boardwalk. He spoke with GGB Publisher Roger Gros at his offices in Atlantic City in August.
In this episode of the Business of betting Pod, Jason is joined by David Purdum, Gambling reporter for ESPN. In this episode, Purdum who's been writing on the industry since 2008 goes back on his career, and shares his opinion with Jason on legalization, Sportsbooks in the US and other aspects of the industry. 01:30 How did he get in the Industry: Starting in Atlanta, writing stories about the business, landing at ESPN06:24 The road towards the federal legislation: The PASPA journey from 2008, David's opinionThe wire act and federalisation of Sports betting, the barrier to entry 11:50 The evolution of Sports betting in the US: Media companies, Leagues's position, the new betting habits with younger generations, prop bets, Fantasy sports 17:46 The future of betting: Bringing the exchange model in the US, Ethic and limits20:15 The bookmaker perspective: limiting winners, transaction fees, getting in the industry, market entry and new players: Sporttrade, prophets, FanaticsFollow us on:https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcA Get in touch:https://twitter.com/jasontrost Hosted on Acast. See acast.com/privacy for more information.
Sponsored by Sportingtech! Steve Ruddock, who you may remember from such hits as Wagers.com and currently starring in Props.com, joins Fintan and Jon to talk about the Wire Act and the potential issues for the future of gambling and datat transfer in the US in light of IGT's recent court case. Steve's a total legend, and he really knows his stuff. He also reveals his spiritual dojo, and we discuss Andre the Giant, among other things.
In this episode of the Business of betting Nigel Eccles joins the show. Nigel covers his early days at Flutter, his entrepreneurial journey with Fanduel, Betdex and entering the Crypto world. Finally, he gives his honest opinion on the industry.01:29 His background: Starting at Flutter, taking over Betfair, Launching Betdaq09:33 His entrepreuneur journey with Hubdub and Fanduel12:30 Why Betfair is not the leader: Mistakes that prevented Betfair to be #115:13 Betfair Post Mortem: Missed on innovation, Marketing failure21:10 FanDuel journey: The success, winning over casinos24:57 Fantasy sports & sports betting: PASPA, his vision on the industry, being industry leader32:36 Building an Exchange in the US: The sophistication of the market, Wire Act and liquidity37:03 Betdex and Crypto: The purpose, the challenge of Ethereum, Solana, platform risk, the business model and liquidityFollow us on: https://twitter.com/bettingpodhttps://www.youtube.com/channel/UCheYAzYxx-FmWkjbnZ9sXcAGet in touch: https://twitter.com/jasontrost See acast.com/privacy for privacy and opt-out information.
Dan Wallach and Mike Lawson are back for their Sports Gambling Roundup as they are joined by Joe Asher (@JoeAsher) who is the current President of Sports Betting at IGT. Joe discusses his career from Skadden to Brandywine Bookmaking to William Hill US to IGT. Joe was a pivotal player in the movement towards sports gambling legalization and the ultimate overturning of PASPA. Joe also breaks down the future of sports gambling and his ultimate prediction that all 50 states will have sports gambling legalization. *** Have a topic you want to write about? ANYONE and EVERYONE can publish for ConductDetrimental.com. Let us know if you want to join the team. Dan Wallach (@WallachLegal) | Dan Lust (@SportsLawLust) | Mike Lawson (@mike_sonof_law) Twitter | Instagram | TikTok | YouTube | Website | Email
It's been four years since the Supreme Court ruled PASPA unconstitutional paving the way for states to legalize sports betting and to celebrate our friend Captain Jack Andrews (@capjack2000) will join us to talk about how the sports betting landscape has changed in the last four years, what has been going well and what hasn't.
USBets.com Managing Editor Eric Raskin and Senior Analyst John Brennan analyze the betting on a wild Kentucky Derby and the upcoming Preakness, Kansas legalizing sports betting and Missouri fumbling it, and the fourth anniversary of the Supreme Court's PASPA ruling, plus they talk to brand new Sports Betting Hall of Famer Chris Andrews about his (very) early start as a bookmaker, his thoughts on new-school sportsbooks limiting bettors, and what it was like getting the call to the Hall. Find us on Twitter @US_Bets or go to USBets.com for more.
Dr. Adam Cohen returned to talk about sports gambling! We talked about the changes within the sport gambling industry since PASPA was overturned, various sports gambling entities (business, platforms, consumers), DFS, analytics, growth potential for women's sports, tastemakers, governance, and customer promotions. We also talked about the potential of sports gambling as a academic growth area, with likely uptick coming for doc students, dedicated journal, grants/consultant opportunities. We capped it off by throwing out some baseball bets (for fun!).
The midway point of March Madness seemed like the perfect time to take up the topic of sports betting in detail. Simplebet co-founder and CEO, Chris Bevilacqua, a leading sports industry expert across multiple segments, joins DP & McGhee to provide a lay of the sports betting landscape. The discussion covers state rollout post-PASPA, the data marketplace, and the guardrails being placed on the industry to maintain integrity. Other topics covered include the Chelsea F.C. sale and major sponsorship stories, and your co-hosts field more excellent questions from sports management students. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The federal legislation known as The Professional and Amateur Sports Protection Act of 1992 (PASPA) outlawed sports betting throughout the United States except in Nevada, Oregon, Delaware and Montana. In 2018, after years of frustration among other states that wanted to legalize sports gambling within their borders, the US Supreme Court overturned PASPA – holding that the PASPA violated the anti-commandeering doctrine of the 10th Amendment. This decision opened the doors for many other states to begin licensing sports gambling operators. Last month, New York became the latest state to legalize online sports gambling – a decision that has been praised by libertarians and sports gambling operators alike, meanwhile criticized by certain other groups. Join the Robert Zicklin Center for Corporate Integrity on Wednesday, February 9, 2022 at 12:30 PM as Baruch College law professor Marc Edelman – our Director of Sports Business Ethics – leads a discussion with Professor Alicia Jessop of Pepperdine University, Professor John Holden of Oklahoma State University, Professor Keith Miller of Drake University and Jim Maney, Executive Director of the New York Council on Problem Gambling, on the law and ethics of legal sports gambling in New York.
Ep. 10 introduces you to Daniel Kustelski, co-founder and CEO of Chalkline, the leading independent provider of free play and real money games for operators and media companies Hear Dan discuss: How the experience of founding and operating an online sportsbook in South Africa gave him the insights that led to Chalkline Why Chalkline is focused on developing sports betting products that help drive the "education and acclimation" of the US market The importance of tapping into local fan bases to help convert sports fans into sports bettors in the US market How the process of raising a $2.7 million Series A highlighted the importance of working with investors that understand the unit economics of the sports betting business What has been the most surprising thing about the US regulated market that he didn't expect before PASPA was repealed Learn More: ➡️ Chalkline website ➡️ Daniel Kustelski Linkedin This episode is presented by The Betting Startups Newsletter, a monthly Roundup of key developments from the betting industry's most promising startup companies. Keep your finger on the pulse of the early stage ecosystem and subscribe now! news.bettingstartups.com
USBets.com Managing Editor Eric Raskin and Senior Analyst John Brennan analyze sports betting company PlayUp's lawsuit against its own CEO Dr. Laila Mintas, the launch of retail wagering in Maryland, and FanDuel's reported $30-million-a-year deal with Pat McAfee, plus they talk to USBookmaking President Vic Salerno about the future of retail betting, the biggest surprises of the post-PASPA rollout, and what he thought about Jason Robins' controversial comments on winning bettors. Find us on Twitter @US_Bets or go to USBets.com for more.
Podcast by Pierre Lindh with Lloyd Danzig, Managing Partner at Sharp Alpha Advisors This episode examines the future of online sports betting and iGaming in the US, with insight into how product innovation and the continued expansion of the verticals will create a larger addressable market for gaming operators than some may think. The convergence of iGaming and sports betting with the world of NFTs and the Metaverse is also up for discussion - with an illustration of how the increasingly popular tech could change the face of gaming as we know it. ABOUT LLOYD DANZIG Lloyd Danzig is managing partner of Sharp Alpha advisors, a venture capital firm specialising in sports betting and online gaming. A lifelong sports bettor and fantasy sports player, Danzig came into the sports betting industry in 2018 following the repeal of PASPA, having previously spent time working in several investment-focused positions since the beginning of his career.
My old friend Bobby Kraft is joining us in today's episode, and I'm very excited for my listeners to meet him. His success story will inspire our young entrepreneurs that pivoting is okay and sometimes necessary. Robert Kraft has almost 20 years of expertise as an Entrepreneur in the Direct Marketing industry. Before Mr. Kraft joined the industry, he was a licensed Investment Advisor with AXA Advisors in Cleveland, Ohio.Robert has high competence in startups, acquisitions, teambuilding, leadership, marketing, and management. He built and ran a company compiling more than 15 years of experience as an entrepreneur in the Direct Marketing space with printing plants around the country as CEO. As Founder and CEO, Mr. Kraft had more than 600 highly diverse employees across 4 time zones with more than 10 different languages spoken on a 24 x 7 basis. In the last 5 years, he has pivoted into the tech sectors of marketing and the now burgeoning world of sports betting, thanks to the overturning of PASPA in May of 2018.Main website: www.atlasworldsports.comIOS and Android app: Atlas World SportsFacebook:https://www.facebook.com/bobby.kraft.71 LinkedIn: https://www.linkedin.com/in/robert-kraft-0199813/IG: https://www.instagram.com/bobby.kraft.21/Twitter: @bobbykraftShow notes:[0:00] Intro[2:16] How'd it happen for Bobby Kraft?[14:12] On getting drafted into a college football team[29:16] When the rug was swept off of his feet[35:22] Helping their printing business thrive[50:49] Why Bobby loves Elon Musk[55:27] Dealing with law changes that impacted the business negatively[1:06:35] Diving deeper into the Atlas World Sports app[1:17:42] Beyond the app is a community[1:19:37] OutroCheck the accompanying blog post of this episode at: https://mikemalatesta.com/podcast/bobby-kraft-how-to-be-an-early-adopter-of-yourself-208/If you like this episode and want to be the first to know when new ones are released? Make sure you subscribe! Also, a review will be much appreciated, so make sure you give us a 5-star (or whatever one makes the most sense to you
USBets.com Managing Editor Eric Raskin and Senior Analyst John Brennan analyze New Jersey surpassing Nevada in total post-PASPA sports betting handle, California moving toward a ballot measure on (retail-only) sports gambling, and the most ridiculous rule proposal yet out of Illinois, plus they talk to the "Sportsbook Consiglieri," Dave Sharapan, about his new podcast Get a Grip, how he got into bookmaking, and how many wins his Pittsburgh Pirates are headed for. Find us on Twitter @US_Bets or go to USBets.com for more.
In this final episode of the Kambi Spotlight's look at the repeal of PASPA and the growth of sports betting in the US we take a more forward-looking approach, examining the scope of the regulated sports betting opportunity in a market that is just getting started.
USBets.com Managing Editor Eric Raskin and Senior Analyst John Brennan analyze the gambling implications of Medina Spirit's impending Kentucky Derby disqualification, Illinois posting huge March sports betting numbers, and Tennessee closing in on becoming the first state to allow peer-to-peer betting, plus they talk to gaming law expert Daniel Wallach about the problems with the Florida gaming compact, how soon California might have sports betting, and his reflections on the three-year anniversary of the Supreme Court's PASPA ruling. Find us on Twitter @US_Bets or go to USBets.com for more.
Steve Ruddock is a casino & gaming analyst and consultant. You can find Steve on Twitter @SteveRuddock. In this episode, Steve and I discuss potential issues with rushing sports betting into the United States market, whether there will be an increase in problem gambling as a result of PASPA being overturned and whether poker is actually gambling.