The Week In Sports Betting News: Operator Conference Calls On Deck – Legal Sports Report

Posted: November 3, 2021 at 10:19 am

Happy Monday, everyone. This is an important week for sports betting news as multiple big operators will report third-quarter results.

As for last weeks news, the LSR Podcast is the perfect place to start for updates on New York sportsbooks, the minimum hold requirement in Tennessee and more.

Make sure to follow @LSPReport on Twitter for updates on this weeks earnings calls and more.

There are multiple conference calls this week that cannot be missed for anyone interested in US sports betting (all times Eastern:)

Marylands Sports Wagering Application Review Commissionwill meetat 10 am Thursday. On the agenda is the second set of approvals for five retail casino sportsbooks.

Hopefully there will be some clarification on what kind of timeline mobile MD sportsbooks will face before launching. One source told LSR the process is a mess that could delay launch until the 2022 NFL season.

Retail sportsbooks are expected to open this year.

Sports betting in Florida might be held up by lawsuits but the Seminole Indians are still working hard behind the scenes.

The tribe announced five pari-mutuel partners that will market its mobile Hard Rock Sportsbook.

The pari-mutuels will get 60% of the profits from customers they bring onto the app.

Nevada sportsbooks are alive and well despite the US expansion with a record $786.5 million in bets for September.

Colorado sportsbooks, meanwhile, reported $408.3 million in September handle, which was nearly double its handle for September 2020.

That growth in Colorado did not come cheaply, though. While operators reported $22.7 million in sports betting revenue, they deducted nearly $21 million in promotional spending.

Seventeen of the jurisdictions operating sports betting last September have reported with Illinois sportsbooks the only holdout. The majority of states reported handle growth of more than 30%:

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The Week In Sports Betting News: Operator Conference Calls On Deck - Legal Sports Report

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