The post Get a Grip: The Week in Sports Betting & Sports: MGM, NBA, FD, DK, MS, WH, Boyd, Abbreviations! appeared first on SportsHandle.
It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).
Here’s the weekend Sports Handle item, “Get a Grip,” rounding up top stories in sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading.
Mississippi Sports Betting Officially Launches at MGM Properties; Historic MGM-NBA Deal; Lots of Other Deals and Abbreviations; William Hill Sportsbook Footprint to Grow and Weekend Reads.
This past week brought a steady pour of news and happenings, which we will attempt fully but succinctly recap here (certain to miss a few items).
Let’s begin at the beginning of the week: MGM Resorts International (MGM) kicked things off by announcing that its sportsbook at the Beau Rivage Casino in Biloxi, Miss. and Gold Strike in Tunica, Miss. would be off and running on Wednesday, marking the beginning of legal sports betting in Mississippi. Some more about the events and a couple images:
For more on the Magnolia State, read about the atmosphere and strategy at other Mississippi properties in interviews with the sportsbooks managers at the Horseshoe Tunica and the Golden Nugget Biloxi.
A good segue to William Hill’s Friday announcement that it has deals (pending regulatory approval) that will take its sportsbooks into 11 of the other Mississippi casino properties. The company has also partnered with one yet-to-be-named West Virginia casino and teased a larger partnership that would put it into 14 more states.
Now back to MGM for the news on Tuesday of its partnership with the National Basketball Association. Yes the NBA has an “official gaming partner.” It’s a rumored 3-year, $25 million deal that will have some flexibility, but at the outset, will allow MGM to use the league’s “official” data for its sports betting products/materials. MGM will also have use of the leagues’ trademarks for odds boards, signage, marketing materials… really this is more of a marketing arrangement.
Considering how much it costs buy naming rights for a stadium and how many casual bettors might be piqued by or attracted to the “official” status, that doesn’t seem a bad use of $25 million on a 3-year commitment. Some in the industry are displeased because the deal might legitimize the NBA and other leagues’ position that sportsbooks should use only “official” league data to grade wagers; yet, courts have held that sports scores and stats are public domain information and therefore not protectable.
Further on MGM — this week it announced a deal with regional casino operator Boyd Gaming. And now Boyd Gaming has a deal with FanDuel Group — with an eye toward establishing an online sports betting presence.
Back into the Northeast Corridor, DraftKings launched the first legal mobile sports betting app outside Nevada, with the app’s limited release (so far) in New Jersey. Here’s a first look at the nuts and bolts, here’s some background, and here’s some more discussion/review about its functionality as observed post-launch.
Some of its pricing? Not so good. CEO Jason Robins took to Twitter to defend the prices with a spreadsheet, then backed away and deleted the tweet.
Only in a week like this could another Atlantic City sportsbook opening get almost completely lost. But hats off to you, Harrah’s Atlantic City, now open for business after another Caesars Entertainment property in AC began taking wagers (Bally’s). (Read about Caesars Q2 earnings here.) (And MGM’s here while we’re at it.)
There was also a minor development in Pennsylvania, where sports betting things will remain in park until a new set of regulations surface around mid-August: Parx Casino outside Philadelphia will use GAN for its sports betting software/tech when the time comes.
Let’s dive into the remainder of the article with word from the pro leagues. NHL commissioner Gary Bettman, echoing MLB commissioner Rob Manfred’s position that sports betting companies are “free riders”:
“From our standpoint, we believe that that whether it’s our intellectual property or data, whether it’s video of our game, we have important assets,” Bettman said. “And if somebody is going to avail themselves or want to avail themselves of those assets in order to conduct their business, then we’re going to need to have a negotiation.”
There’s a big difference between video and numbers.
And finally, while the NBA appears to have softened its pursuit of the “betting right” and/or “integrity fee,” MLB lobbyists/officials are still pounding away, this past week at the National Conference of State Legislatures (NCSL)
“What we’re asking for, MLB and the other leagues, is a very small fraction” of money, Bryan Seeley, a senior vice president of Major League Baseball, told legislators at a forum on sports betting at the (NCSL) annual meeting. “We’re not looking to take money away from state tax revenues.”
Not looking — but willing! And as we know, fractions and specificity matters. Not surprisingly, the state legislators want states making decisions over sports wagering laws, not Congress, which is where MLB may bring its appeal.
The weekend reading and other most interesting and important articles in gaming, sports betting and sports.
CONVERSATIONS: Penn National Gaming pursuing deals with sports leagues [LV-RJ]
INTERPRETATION: Colorado AG says state can legalize betting without amending constitution [Post]
MAYBE: Will New Hampshire bet on sports betting? [Fosters]
RATINGS: CBS sees ‘unbelievable upside’ as sports betting starts to grow [Bloomberg]
LET’S HOPE NOT: Why we won’t soon see a federal sports betting bill [JD Supra]
POSTURING: Q&A: NBA details its role in sports betting, ‘integrity fees’ & more [Action]
REVERSALS: Column: Bookies go from pariahs to partners in NBA deal [AP]
ALIGNMENT: Stars Group entering U.S. sports betting market with Resorts in A.C. [Newswire]
JOBS: Job fairs and opportunities at WV’s Wheeling Island Hotel-Racino [Intelligencer]
SOLD: Genius acquired by private equity firm Apax Partners [Bloomberg]
Elsewhere in the World of Sports:
BOLD MOVE: ‘Dodgeball’ director on how ‘The Ocho’ joke wrote itself [ESPN]
ALSO A BOLD MOVE: Illinois man charged after allegedly impersonating Wisconsin bar employee so he could watch Arizona basketball on Pac-12 Networks [Awful Announcing]
NO, REALLY: The Browns are the most interesting 0-16 team in NFL history [Ringer]
ESPORTS: Fortnite private coaching lessons for the opportunistic gamer [TBL]
HEALTH: Brian Dawkins reveals his career-long battle with depression [NBC Sports]
GET READY: Evan Silva breaks down every NFL team from a fantasy perspective [RotoWorld]
Tweets of Note (that may have nothing to do with sports):
ICYMI at Sports Handle:
What’s Up With DraftKings Sportsbook’s Very Juicy Mobile App Launch In New Jersey?
Money Troubles Drive Illinois Rep to Schedule Two Sports Betting Hearings
Meet @Berryhorse29, A Compelling New Voice in Sports Betting Modeling And Information
The post Get a Grip: The Week in Sports Betting & Sports: MGM, NBA, FD, DK, MS, WH, Boyd, Abbreviations! appeared first on SportsHandle.
