Sports Wagering and Business This Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

The Bet on Sports America was held last week in New York /New Jersey at the Meadowland Exposition Center. This conference was devoted to sports betting. The attendees at the event included the major professional sports leagues, the top gaming companies and casinos from all over the world. The seminars covered the how to of sports betting operations and the innovations that will separate the mediocre sports books from the exceptional ones.

Some of the platform providers that received accolades included Kambi, PointsBet and Sportradar.

Governor Christie and Mary Stone from Sportsradar

Two organizations that are synonymous with wagering had booths on the exposition floor. The two were The SuperBook and Covers. There was a Hall of Fame Induction for the renowned Spork Book Operator Art Manteris and Former New Jersey Governor Chris Christie.

Ted Leonsis, owner of the Washington Capitals and Wizards was announced as a keynote speaker for the East Coast Gaming Conference in June. Rush Street Interactive was named Mobile Operator of the Year in North America with it's win of the EGR award.

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Sports Wagering and Business This Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

This week SportTechie 2019 State of the Industry took place at the Barclays Center in New York. The theme of this year's conference was Sports Betting. Here is the link to the post that was part of the coverage from Bettors Insider. It include a quote from Rob Manfred, the commissioner of MLB.

The Sloan Sports Conference was held in Boston on Friday and Saturday. Some of the notable participants included Adam Silver, Commissioner of the NBA, Josh Harris and Scott O'Neil owners of the Sixers, Doug Kezirian , sports analyst from ESPN and Kip Levin, President of FanDuel. The panels about Sports Legacy and Sports Betting captivated interest. This Conference focuses on the balance between Sports Business and Analytics. The opportunities for an innovative mind are limitless. You can view some of these panel discussions on YouTube.

ESPN will start a new show call The Daily Wager on March 11. Kezirian will host this hour long show that will provide gambling content on ESPN News every night at 6PM. He will have guest analyst that are outside experts and ESPN personalities give their views.

                 Next week we will resume the Sport Betting 101 Series with a post on Future bets.

Sports Wagering and Business This Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

The Pennsylvania Gaming Control Board released the figures that the Sports Books in Pennsylvania generated during the month of  January. SugarHouse Casino had the largest handle in the state. Parx Casino had the largest hold of all operators. For the entire breakdown go to PGCB.

Rivers Casino had the most signifigant addition to the Sports Betting  landscape on the East Coast with Jimmy Vaccaro. Mr. Vaccaro will be Director of Sports Relations for Rivers. This hire brings expertise and credibility to Rivers.

The Philadelphia Business Journal had the 2019 Book of Lists this week. The casinos were ranked by Sharon Oliver who compared total gross revenue. The top 3 were Parx Casino, Borgata Hotel Casino and Spa and SugarHouse Casino. Each of them have plans to expand their sports betting operations from temporary spaces to permanent dedicated area in 2019.  For the entire list contact the Philadelphia Business Journal and obtain the book.

Sports Wagering and Business This Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

CG Technology is coming to New Jersey. They have a partnership with the Meadowland Racing to develop a sports betting app. This is the 3rd skin that is associated with the Meadowlands. The other two are  FanDuel Sportsbook and PointsBet.  CG Technology have a great product and have associations with the Venetian and the Palms in Las Vegas.

Nevada came out on top with the bets on the Super Bowl. They held more than 10,000,000 thru out the state. New Jersey losses 4.5 million on the big game. Nevada had the advantage of having future bets that were tied to the contest. Prop bets and the Las Vegas experience prevails.

Most of the wagers that are coming into New Jersey Sports Books are on mobile devices. Meadowlands take 4 times as many bets online as they do on site. They have enhance the retail experience by  having a broadcast from the sports book that is hosted by Lisa Kierney, former ESPN and Sportscenter anchor. The show provides stats and information for the betting  public.  FanDuel is going with a similar concept in Las Vegas at Caesars Palace this fall.

Sports Business and Wagering this Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

Rivers Casino Pittsburgh hired Jimmy Vaccaro to join their team as Director of Sports Relations.This coincides with the recent opening of the sports betting operations. Mr. Vaccaro is highly respected in the area of Race and Sports Management. The retail end of the sports book will improve significantly by having his expertise .

In a independent raking, Ocean Resort Casino was selected as the best place to bet on Sports in Atlantic City. They were cited as having the best odd boards and TV's in the area. They received this ranking without the benefit of having kiosks to enhance the betting process. Get the entire ranking for New Jersey & Pennsylvania from Philly.com and Ed Barkowitz. Follow Ed on Twitter @edbarkowitz.

The operator that you should be watching is  PointsBet. They are taking wagers in New Jersey and have their eye on action in New York once sport betting is legalized there.  They made international headlines by refunding wagers that were placed on Saints in the NFL Conference Game. Great public relations move by Johnny Aitken and Seth Young. They were also the 1st Sports Book in New Jersey to take bets on the 2019 Academy Awards Oscars.

                                                     Enjoy the Super Bowl!

Sports Business and Wagering this Week

This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents. 

Harrah's Philadelphia Casino open it's sports betting operation this week. This is a permanent facility and has 4,300 square footage of space. It has 45 large screens and 19 lounge seats. Harrah's has partnered with Scientific Games for the technological platform that will eventually include a mobile app offering. This is the 3rd casino in the Philadelphia area to offer sports wagering. The others are Sugarhouse and Parx.

The Super Bowl is approaching and is anticipated as one of the largest wagering events of 2019. More money will be wagered legally on this game than any other Super Bowl. This is not because of the match up but due to more states having sports betting. The handle would have been higher if New England were playing the Saints. The marquee match between Brady and Brees would have generated large prop action.

The states that are strongly considering adding sports betting next are New York and Maryland. Governor Cuomo is all in favor of New York having wagers on site at the casinos. Maryland wants to keep pace with the fast track legislation in Washington DC. How intelligent each of the sports betting operations are managed will determine success and profitability.

Bettors Insider: The Delaware Valley Top Site for Sports Betting Information

Excited to announce that I 'll be part of the team at Bettors Insider! They are the Delaware Valley #1 site for info on sports betting, gaming,casino entertainment and dining, My post will appear on Mondays and Thursdays. My articles will include news about sports betting, E sports and casino related events. I will still be busy writing and posting material here.
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