The year was almost over and the industry of gambling gathered in July for an exchange of knowledge at SBC Summit North America. August, however, marked the start month for regulation as many regions throughout the Americas debated legislation.
SBC Summit North America
In early July, the industry gathered in New Jersey to exchange wisdom at SBC Summit North America.
Howe participated in an one on-one keynote chat alongside CNBCCorrespondent Contessa Brewer. She spoke about many topics including women in sport betting and igaming and her future visions for FanDuel as well as the entire industry.
FanDuel’s CEO said at that time that there was more that can be done to get more women betting on sports. He suggested that products should be more accessible to this audience.
Howe stated that “it’s crucial for us to begin to make our products consumable to this audience. There are many things we’re trying. We have not yet cracked this code, but it is important to support female athletes and advocate for equality with them.
You’re correct, however, that it’s important that I have a diverse workforce to ensure that they can pursue those jobs.
There’s still much to be done in order to crack the code. Last year the growth rate for women using sports betting platforms was 115%.
The event featured Jeff Yabuki from Sportradar, who spoke on how the industry should consider mental health. There were also discussions regarding responsible gambling, the history of the Garden State , and more.
To reserve your ticket for the 2023 SBC Summit North America (May 9-11), Click here.
The US debates and allows gambling
Many states in the US have legalized or discussed sports betting during July and August. This will allow the sector to expand into other parts of the nation.
Kansas announced the launch of their retail and online betting markets for September 1. Senate Bill84 allows each state-operated casino to offer mobile and retail sports wagering via up to three applications or platforms.
Massachusetts also legalized betting on sports, making it the 36th state in America to do this. Bill H5164 was passed by the state. This bill allows up to 15 online licensing in addition to 5 retail betting options at three state casinos, two racetracks and one state casino.
Two propositions were discussed in California during an event that was the peak of excitement for state-sponsored sports betting.