45 PUBLIC GAMING INTERNATIONAL • JANUARY/FEBRUARY 2023 Square. But how accepting would Times Square be of a New York casino? While opposition has emerged, one new group has come forward in support: the Coalition for a Better Times Square. The group — composed of theater workers, musicians, small business owners, hotel operators and construction unions, among others — was created to “revitalize Times Square” and support the licensing of a casino proposal that holds the same goal. The group estimates that the new project would draw over seven million new visits each year, more than 600,000 overnight stays at local hotels, and more than $130 million in retail and Broadway ticket sales. NY sees 8000% increase in sports betting since 2021 The study puts New Jersey at the top of the list having wagered the most amount of money since 2018 with over $31 billion. In 2022, New Jerseyans wagered more than $8 billion in 2022, the second-highest total in the country. Following New Jersey comes Nevada with $27 billion wagered and over $7.5 billion in 2022. New York ranks fifth with $15 billion but saw its handle grow from $176 million in 2021 to a nation-leading $14 billion in 2022, an 8,000% increase. U.S. Set Gambling Record In 2022 With More Than $54.9 Billion In Revenue (Lottery Revenues exceeded $100 Billion) Revenue for the first 11 months of 2022 exceeded the record set in 2021, according to the American Gaming Association. New York, meanwhile, is now America’s sports betting capital. Americans gambled a record-breaking amount of money in 2022. The nation’s casinos and mobile gaming apps rang up a record $54.93 billion in revenue during the first 11 months of 2022. (These numbers do not include the nation’s tribal casinos, nor does it include illegal gambling.) Across the country’s 33 commercial gaming jurisdictions, 30 reported year-over-year revenue growth over the same period in 2021. Slot machines and table generated the most revenue out of any other form of gambling. Slots and table games across the U.S. generated $43,79 billion, a 6.7% increase over the same 11-month period in 2021. Sports bettors wagered $83.13 billion from January through the end of November. Sportsbooks only generated $6.56 billion off those wagers, but it’s a 65.4% increase over the same period in 2021. New York, meanwhile, has become the country’s largest sports betting market. The Increased Use Of Mobile-Based Gambling Apps Will Propel The Gambling Market At An 11% CAGR The continuous rise in the use of smartphones and the availability of the internet is driving mobile gambling, with smartphone companies now allowing gambling applications in their app stores. Increased smartphone penetration, improved awareness of sportsbook brands, increased mobile data availability and the ability to conveniently transact from a smartphone is benefitting the market and helping it to grow exponentially. New York Bill Proposes To Require Warnings On Gambling Advertising Two New York legislators this week introduced a bill to require all gambling and sports betting advertisements in the state to include warnings about the potential harmful and addictive effects of gambling. Nevada Gaming Commission approves updated cybersecurity regulation A committee formed by the Vermont Legislature wants lawmakers to pursue legalizing sports betting through a state-controlled market Sports betting launched in Ohio Pennsylvania Gaming Control Board Re-opens Petition Period For Available Igaming Certificates Sports betting and other legalized gambling could beat long odds after Georgia Legislature shakeup Texas House speaker willing to expand gambling through destination-style casinos However, attempts to expand gambling in Texas have gone nowhere in the past sessions. North Dakota House passes legislation to legalize sports betting Maryland posts $497M sports betting handle in first full month of legal mobile wagering Massachusetts Gaming Commission appoints Bruce Band the Director of Sports Wagering The Massachusetts State Legislature passed, and former Governor Charlie Baker signed legislation legalizing sports wagering in August 2022. Retail wagering is set to launch at Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino on January 31 and online/mobile wagering is slated to begin in March. Las Vegas attorney Kirk Hendrick appointed Nevada Gaming Control Board chair Nevada board recommends approval of esports betting rules The state is inching close to allowing the public to bet on esports video game competitions, which can draw thousands of spectators and has a huge following in Asia and Europe. Esports has taken hold in Las Vegas with regularly scheduled competitions that can be viewed online and tournaments at the HyperX Arena at Luxor. Other venues, including the MSG Sphere at The Venetian, have indicated a desire to offer esports competitions. Illinois Reaches $1 Billion In Sports Betting Handle For October 2022 This makes Illinois only the fourth state to see a $1 billion betting handle. Only New York, New Jersey, and Nevada have seen billion-dollar betting handles in a single month. Illinois’ October numbers also rank 18 in the highest total for any state. Illinois betting fans have pushed their market into being one of the largest in the country. Bill introduced in Frankfort would legalize sports betting in Kentucky Sports betting is back on the table in Kentucky in the new year. If House Bill 106 is passed, you could bet on the NFL, NBA, MLB, the PGA Tour, NASCAR, MLS, college sports, the Olympics and more. But sports betting would only be allowed through a track or online through an app. Tracks could also offer wagering at two separate facilities that are within 60 miles of the track. A sports wagering license would cost $500,000 and would also come with a renewal fee of $50,000. Online poker and fantasy sports would also be legalized in the bill. This bill is only in committee right now in the House, and it's too soon to tell what will happen. Maine begins process of instituting sports betting by releasing proposed rules Maine launched the formal process of instituting
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