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Compliance Updates

Massachusetts Gaming Commission Awards Genius Sports Initial Temporary Sports Betting Vendor License

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Genius Sports Limited, the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announced that it has been temporarily certified by the Massachusetts Gaming Commission as a licensed sports wagering vendor. The temporary certificate of authority is valid for an initial 12 months pending final full authorization.

With the addition of Massachusetts, Genius Sports now holds 41 licenses, or equivalent, in North America across U.S. states, territories, tribes, and Canada, providing its award-winning products and services to a wide array of clients operating within these jurisdictions.

Online sports betting was signed into law by Massachusetts Governor Charlie Baker in August 2022, making the state one of the latest to legalize sports betting and begin betting operations. Legal Massachusetts sports betting kicked off January 31 at retail locations just in time for Super Bowl LVII. Online sports betting is expected to begin in early March 2023.

“We are honored that the Massachusetts Gaming Commission has awarded Genius Sports its temporary sports wagering vendor authorization to provide licensed sportsbooks with access to our exclusive NFL wagering products and media solutions. As an ever-expanding number of U.S. states legalize sports betting, Genius Sports welcomes the opportunity to work with states like Massachusetts, on providing sports fans with official sports data-powered solutions to power their sportsbooks,” Mark Locke, CEO of Genius Sports, said.

Compliance Updates

Arizona Department of Gaming Announces Allocation for Event Wagering License for Fanatics

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The Arizona Department of Gaming (ADG) announced that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.

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Compliance Updates

Minnesota Senate Committee Advances Sports Betting Bill

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The Senate Tax Committee advanced legislation authored by Senator Matt Klein (DFL – Mendota Heights) to legalize Sports Betting in Minnesota. This was the second time the bill has been heard in Taxes, after making a stop last year. The hearing focused on changes to tax rates and revenue disbursements.

Senator Aric Putnam (DFL – St. Cloud) offered an amendment that made several major tax and revenue related changes, which were adopted by voice vote. The tax rate was changed to 20% on net revenues from sports betting. Revenues as a result of that change would then be dispersed to:

(1) 20% for tax relief for charitable gaming organizations,

(2) 10% for treatment and awareness programs for problem wagering,

(3) 15% for Explore Minnesota Tourism for large sporting events,

(4) 5% to the Minnesota Racing Commission for racetracks,

(5) 5% for the Minnesota State High School League for youth sports and activities,

(6) and the remainder to the general fund.

Senator Klein said: “The changes made in Senate Taxes Committee today have made this a better bill for Minnesotans. I am thankful for the committee’s thoughtful consideration of this legislation and willingness to work toward the best balance of needs and interests.

“As a result of this work, we are now able to support our allied charities who engage in gaming so they can continue the good work they do for our state. We are also able invest in the state high school league’s ability to foster participation in a wider array of activities, attract more large sporting events to Minnesota, and continue to focus efforts on problem wagering awareness.”

SF1949 passed the Senate Taxes Committee as amended and was referred to the Senate Finance Committee.

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Arizona

Arizona Department of Gaming Announces Allocation for Event Wagering License

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The Arizona Department of Gaming (ADG) announced today that it has allocated an event wagering operator license to Fanatics Betting and Gaming as the designee for Tonto Apache Sports Betting, an organization of the Tonto Apache Tribe, pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106.

On January 16, 2024, ADG announced that it would begin accepting applications for available event wagering licenses, which included one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

The application window for event wagering licenses opened on February 16, 2024, and closed on March 4, 2024. Applicants were required to submit their completed applications within this timeframe in order to have been considered for an event wagering license.

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