The Weekender: Prediction Markets, NY Casinos, And Sports Betting's Setback
Sportsbooks aim to compete, prediction markets face tax scrutiny, NY casino bids rush deadline, and Illinois needs fresh ideas to revive the betting industry.
The Bulletin Board
ABOVE the FOLD: The week’s top stories from Straight to the Point.
READS of the WEEK: A short list of the articles STTP is reading.
NEWSLETTER ROUNDUP: The best of the best from industry newsletters.
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Above the Fold: The Week’s Top Stories on STTP
[MONDAY]: Can sportsbooks like Fanatics leverage their databases to close the gap with FanDuel and DraftKings?
[TUESDAY]: Prediction markets are seen as a low-tax version of sports betting, but will that status remain intact when the government sees the money rolling in?
[WEDNESDAY]: New York casino proposals are staring down a June 27 deadline, with some projects making a late push for one of the coveted licenses.
[THURSDAY]: What's going on in Illinois, and why the industry needs to get back in the lab and come up with some new ideas before it's too late.
[FRIDAY FEATURE]: Focusing on the wrong metrics has created an environment where the sports betting industry is chasing vanity metrics instead of building a sustainable ecosystem.
Don't Go Chasing Waterfalls
Earlier this week, I highlighted an interesting data point from Eilers & Krejcik Gaming (a newsletter sponsor): Fanatics’ promotional spending to gross gaming revenue (GGR) ratio surged to 76.7%, with its promo-to-net gaming revenue (NGR) ratio reaching a staggering 334.0% in the trailing three months.
[PODCAST]: From the Archives: In Episode 3 of the Talking Shop Podcast, I was joined by Las Vegas Review-Journal writer David Danzis, who was working for Catena Media at the time and has his roots in Atlantic City.
Episode 3: Atlantic City's Past, Present, and Future with David Danzis
In Episode 3 of the Talking Shop Podcast, I was joined by Catena Media’s David Danzis. David writes for several of Catena’s Play properties but is best known for his coverage of New Jersey at PlayNJ.com and, before that, for the Press of Atlantic City.
Reads of the Week
Children Should Be the Sole Focus of Responsible Gambling [Jeff Edelstein, Casino Reports].
Robinhood’s Sports Prediction Markets Are a Hook for Wider Play [Dan Bernstein, Sportico].
How Kalshi and prediction markets are disrupting sports betting [David Purdum and Shwetha Surendran, ESPN]
New Jersey is a national model for iGaming and sports betting; Don’t destroy it [Jeff Ifrah, USA Today]
More From Me
Ruddock Report: Is What’s Bad For Sports Betting Good For Online Casino? [Casino Reports]
Friday Four-Pack: On a new sports betting ‘tax’ and potential impacts… [Mutstack]
