This Month in Sports Betting and Sports Business

I have changed the time period for this post to include news and information from the G2E 2019. The college world is addressing the sports betting landscape by not allowing students to wager on their school teams. Every school has not adopted this practice but all are looking at what steps should be taken to protect the student athlete. For now, all have held fast to the NCAA standard that was in place prior to the Supreme Court overturning PASPA. This article from the New York Times goes into more detail.

G2E takeaways for me continue to be pushing innovation, provide content and make your operation appeal to your customer. A strong mobile app is imperative. A great social experience that makes being in the sports book comparable to going to a movie. I could wait and see it in my home but that would lack the exciting of seeing the movie in a packed house. Add 5G capability and high definition resolution viewing and you have something worth leaving home for. 

Executive Panel includes Gary Bettman Matt King,Greg Carlin and Joe Asher

Partnerships with professional sports teams are ways to heighten brand recognition of the sports business. Casinos know the gaming operations and have the customer base. The teams have the data and the venues. The synergy in the collaboration can be reap tremendous marketing opportunities that go beyond sports betting.

The Nerd Street Gamers have enter into a major agreement with Five Below to bring esports into the retail store chain. The strategy is to have the esports centers in stores near high schools and middle schools. This is the innovation I referred to earlier. Kudos to Wayne Kimmel and John Fazio.

The Bet on Sports America is on my agenda for 2020. It should also be on yours. My latest video that addresses Sports Betting is here.

East Coast Gaming Conference Recap

The #ECGC22 was well timed and the most informative conference that we have attended in the past 5 years. The start of Sports Betting in New Jersey and the opening day of the Congress were coincidentally on the same day. Here are some of the statements that came out of Atlantic City last week.

William Hill CEO Joe Asher said "Sports and Events create a buzz in Las Vegas. New Jersey can't replicate but can do something."

Millenial Esports CEO Alex Igelman said "More money wagered on E sports than on the NHL."

Downtown Grand Las Vegas  CEO Seth Schorr states "Sports Betting is an exciting casino experience. Mobile will subsides things."

New Jersey Division of Gaming Enforcement Director David Rebuck said "I Gaming cannibalize the illegal market and created double digit growth revenue for casinos. Sport Betting will drive it higher."

Rush Street Gaming CEO Greg Carlin stated that "Sports Betting is a huge opportunity that should include mobile wagering. Online gaming has added to the Philadelphia brick and mortar property."

Foxwoods Casino CEO Felix Rappaport said "If you don't evolve, you don't survive."

Part Two of the East Coast Gaming Conference recap will post in 4 days. More Photos and commentary about the attendees.

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