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The Gambling Battle for Governor of Kentucky
In November 2023, Kentucky held its gubernatorial election, which pinned Andy Beshear, the Incumbent Democratic governor, against Daniel Cameron, the Republican state attorney general. The race was won by Beshear, who attained re-election by winning 52.53% of the vote, in an election that saw the best performance by a Democrat since 2011 and the worst by a Republican. However, it wasn’t the race that generated nationwide media attention as much as the monetary contributions both parties received to back specific interests. Notably, heavy gambling interests put big money on the election.
According to the available data, in 2023, Kentucky’s horse race tracks gave sizeable funds to the Democratic Governors Association (DGA), which forked over around $19 million to back Andy Beshear’s win. Per uncovered IRS reports, the DGA received $50,000 from Revolutionary Racing Kentucky, $200,000 from Kentucky Downs, and a quarter of a million dollars from Churchill Downs in the latter half of 2023. That said, Daniel Cameron’s campaign also got a gambling fund boost, as it was revealed that the Republican candidate obtained $362,000 in contributions through the Republican Governors Association (RGA) from Georgia-based gaming machine manufacturer Pace-O-Matic in 2023 to fuel Cameron’s $12 million bid for governor.
Thankfully, both the RGA and DGA must disclose their expenses and donors to the IRS, which supplies the public with much-needed transparency regarding whose interests governor candidates will seek to look out for. Aside from gambling entities, both Cameron and Beshear noted backing from energy, health, and financial companies. Nonetheless, the gambling total came to somewhere in the neighborhood of $30 million, an impressive sum.
Differing Gambling Interests in Kentucky
As noted above, Kentucky horse race tracks supported Beshear’s second term by providing considerable donations to his campaign. That happened primarily because Beshear legalized sports betting in the state. The bill he passed allowed tracks to open retail lounges that accept wagers on sporting events. Thus, in September 2023, the Governor was the first to place a bet on an athletic competition in Kentucky. He laid a $20 parlay on two home-state college teams at the Churchill Downs track, citing this is the type of entertainment Kentuckians have been looking for for years. He added that allowing this activity will only boost local tourism and make people stay in Kentucky and not flee for Vegas once the NCAA March Madness tournament rolls around.
It should be said that once, the state’s multiple tracks, Cumberland Run, Ellis Park Racing & Gaming, Red Mile Racing & Gaming, Turfway Park Racing & Gaming, Oak Grove Racing & Gaming, Churchill Downs, and Sandy’s Racing & Gaming, established their brick-and-mortar sportsbooks, they also began exploring possibilities branching off into other types of gambling.
So, on one side, the Democrats got chiefly backed by the tracks in Kentucky. And the Republicans got aid from Pace-O-Matic, a company whose twenty-five hundred Burning Barrel games got shut down in June 2023, on the claim that they violated Kentucky law, which does not allow games of chance, even though Pace-O-Matic classifies them as ones of skill, citing that their nature does not cause any conflict with the state’s legislature.
Still, the manufacturer’s machines, widely available across the commonwealth at gas stations and bars, got disabled. That occurred by the rule of law from Governor Beshear, who signed the bill that banned them, proclaiming they feature no regulation, bring in zero in taxation, and only exist to take away hard-earned dollars from Kentuckians. However, venue owners throughout the state have rebelled against the move, stating that these machines help keep them in business, as the money they receive from hosting them is enough to cover their utility bills.
Hence, from everything explained above, it is clear that Beshear is interested in keeping his supporters happy by eliminating their gambling competitors, who looked to back someone else to take his place and change the laws to their benefit.
The Online Casino Situation in Kentucky
While Internet sports wagering is booming in the US, the same cannot be said of interactive gaming, as only seven US states have chosen to permit such gambling sites. Kentucky is not among them, as KY online casinos cannot be run from within the state’s borders. That said, for years, residents have been able to use internationally-regulated platforms based in foreign lands for game-of-chance fun.
Proposed lawsuits filed in Kentucky’s Eastern District in August of 2023 have raised eyebrows regarding whether this entertainment form is still available to Kentucky’s citizens due to a Lawrenceburg resident, Billi Jo Woods, suing Bovada and Bodog (Morris Mohawk Gaming Group), reputable offshore operators for violating state gambling law.
In the proposed suit, Woods alleged she had lost substantial amounts of money gambling at Bovada/Bodog-operated hubs and is calling about a 19th-century law that declares that Kentuckians can file legal actions against operators who they believe have unlawfully taken funds from them. The grounds for Woods’ suit is that the Morris Mohawk Gaming Group offers online casino gaming to the state’s citizens despite the state not legalizing this activity. Few believe this action will produce meaningful results for Woods, as loads of Kentuckians still use offshore platforms to satisfy their gaming needs.
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A Decade in iGaming: From Newcomer to a CMO
Wow, time flies! Can’t believe it’s been ten years since stepping into the exhilarating world of online gambling – a field that initially seemed like a short-term stint quickly turned into a new-found passion.
Moving to Malta, and eventually finding a home in Tallinn, I’ve had the privilege to watch the highs and lows as well as the many progressions and transformations. Today, I am proud to form part of the Mr. Gamble team that is ambitiously expanding into new markets, and pushing the boundaries.
From Customer Support to CMO
My journey in iGaming kicked off in Customer Support at Betsson – a leap from my telecom sales management role back in Finland. While this move puzzled my family and friends alike, it was a necessary step. Over the months and years, I worked my way up through various roles including Affiliate Coordinator, Affiliate Manager and Head of Affiliates, learning the various intricate parts of the industry, while at the same time adapting to new technological changes.
One thing is for sure, the iGaming industry is a fast-paced one, and each role has helped me to thrive and adapt to the various changes. Flexibility is key when working in this industry.
Venturing into Entrepreneurship: My Own Affiliate Business
Following many years of corporate experience, I took the leap to start up my own affiliate business with the aim of creating my own business from scratch. Handling everything from SEO and content strategy to fostering brand partnerships and growth strategies gave me an overall view of the affiliate industry’s many complexities. This entrepreneurial journey instilled insight and resilience, especially in terms of the value of the diverse skill sets found within a team.
By 2023, I joined Mr. Gamble as CMO, bringing my own entrepreneurial experience into this company’s growth strategy. Drawing on my background in SEO, content management and brand development and alongside a knowledgeable team, we have successfully strengthened Mr. Gamble’s presence in established markets, while also setting our sites on new markets.
New Markets and New Possibilities
Since the online gambling industry is continually evolving and expanding, it also brings with it a surge in growth when it comes to new and emerging markets. While we have made huge strides in launching Mr. Gambe USA, we are also eyeing promising regions in Asia, Latin America and Africa, where digital adoption and regulations are evolving creating new opportunities.
As we continue to solidify our presence in the US, these emerging markets represent the next frontier.
An Ever-Changing and Evolving Gambling Industry
Over the past decade, the online gambling industry has quickly evolved from a somewhat fragmented field to a high-powered professional space. Conferences and expos, once informal gatherings have become hubs for talent.
Events such as SiGMA, SBC, iGB, NEXT.io and Hiphter Events today celebrate the progression of iGaming, while highlighting the various advances in technology and market inclusivity.
The shift toward hybrid work in recent years has also paved the way for industry shakeups. While digital operations are convenient, the importance of face-to-face meetings and connections remains. In an industry highly reliant and built on personal relationships, meeting in person strengthens partnerships and opens doors to new opportunities.
A Bright Future for Mr. Gamble
As CMO of Mr. Gamble, I along with the team are committed to expanding our brand’s influence, not only in traditional markets, but also in new and emerging ones. iGaming is constantly evolving and our strategies must evolve too, adapting and driving on the windy road to success. This entails adapting to changes in technology, user behaviour and experience, and most importantly navigating regulatory landscapes.
Of course, Google’s frequent algorithm updates keep us our our toes, pushing us to refine our approach to stay competitive and ever more relent.
Reflecting on the last 10 years, I am energised and optimistic for the future. With a talented team and untapped markets in tow, Mr. Gamble is well-prepared for substantial growth and impact. Here is to the journey ahead and to everyone – mentors, peers, and friends who have been part of this rewarding path. The next decade holds great potential, and I look more than forward to what is yet to come.
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MAJOR LEAGUE BASEBALL SELECTS SPORTRADAR TO TRANSFORM PLAYER TALENT SCOUTING FOR ALL 30 CLUBS
Sportradar today announced a multiyear agreement with Major League Baseball (MLB) to offer unparalleled sports performance analysis of amateur baseball prospects, through its Synergy Coaching and Scouting solution, to the league and its 30 Clubs. This new partnership will revolutionize player talent scouting through Sportradar’s advanced, proprietary technology and highlights Sportradar’s commitment to delivering innovative and game-changing solutions to the league.
Under the agreement, MLB and its 30 Clubs will gain access to an unprecedented depth of player analysis and insights with event coverage expanding significantly, from 3,300 to more than 20,000 games – an over 600% increase. This includes college, international, professional partner leagues and leading amateur leagues, such as the MLB Draft League, the Appalachian League and MLB Develops events, and, for the first time, top high school events.
The Synergy Coaching and Scouting solution is uniquely positioned to address the player evaluation needs of MLB as it leverages Sportradar’s expertise ingesting and transforming millions of data points from video into detailed metrics, actionable insights and dynamic visualizations. This, combined with Sportradar’s AI-powered sports performance technology, enables Synergy to provide unparalleled, in-depth analysis of every player, play and game situation, and equips MLB and Club scouts with the information and insights they need to streamline the evaluation process, guide draft decisions and support the development of future MLB players.
“Sportradar’s cutting-edge technology, alongside our reputation as a trusted partner to leading US sports leagues, is driving the transformation of sports performance analysis,” said Eduard Blonk, Chief Commercial Officer, Sportradar. “Through Synergy we are pleased that we are expanding our relationship with MLB, equipping them with the deep data and insights they need to identify the next generation of players. We are eager to continue bringing innovative solutions to MLB.”
“We are excited to expand our relationship with Sportradar and ensure equal access to the Synergy video and data services for all 30 MLB Clubs. This platform has become a key resource for Clubs in the domestic and international scouting process and we look forward to continuing our work with Sportradar in the coming years,” said John D’Angelo, MLB’s Sr. Vice President of Amateur and Medical Operations.
Financial reports
Commercial Gaming Revenue Growth Continues in Q3 2024, Driving Industry’s 15th Consecutive Quarter of Growth
U.S. commercial gaming revenue reached $17.71 billion in Q3 2024, the industry’s highest-grossing Q3 on record, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. This makes Q3 2024 the industry’s 15th consecutive quarter of annual revenue growth, with September marking the 43rd straight month of rising year-over-year commercial gaming revenue.
Through the first nine months of the year, nationwide commercial gaming revenue stands at $53.24 billion, pacing 8.0 percent ahead of 2023 and putting the industry on track for a fourth straight record revenue year.
In Q3 2024, 29 of the 35 commercial gaming jurisdictions operational last year saw increased year-over-year revenue. This growth resulted in an 8.9 percent year-over-year increase in state and local taxes tied directly to gaming revenue, with commercial gaming operators contributing $3.79 billion in taxes across the quarter.
Quarterly revenue from land-based gaming – encompassing casino slots, table games and retail sports betting – totaled $12.56 billion, 0.62 percent lower than Q3 2023. Meanwhile, combined revenue from online sports betting and iGaming totaled $5.14 billion in Q3 2024 as online gaming made up 29.0 percent of commercial gaming revenue, a significantly higher share than in Q3 2023.
Looking at each sector in Q3 2024:
- Traditional Gaming: Traditional brick-and-mortar casino gaming generated quarterly revenue of $12.38 billion, a contraction of 0.9 percent year-over-year.
- Legal Sports Betting: Americans legally wagered $30.3 billion on sports, generating $3.24 billion in quarterly revenue (+42.4% YoY). Recent market launches in Kentucky, Maine, North Carolina and Vermont contributed to this growth.
- iGaming: iGaming generated $2.08 billion in revenue, marking a 30.3 percent year-over-year increase.
“Q3 2024 continued gaming’s momentum from the first half of the year, with online casino and sports betting driving strong growth. At the same time, new brick-and-mortar casino openings bolstered traditional gaming, which still accounts for the bulk of industry revenue,” said AGA Vice President of Research David Forman. “More than a quarter of commercial revenue now regularly comes from online sources, raising the importance of continued sustainable growth with consumers in those states.”
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