We’re already looking forward to G2E 2019.
Yes, sports betting was everywhere, and the Sports Betting Symposium that the AGA put together performed really well, and educated a lot of us stakeholders about the rapidly evolving state of affairs.
Sports Betting dominated every conversation (mobile gaming, market/state access, deal flow/acquisitions, sports leagues, etc.)
Our three take-aways from G2E 2018:
1. The post-PASPA sports betting enthusiasm expressed to date is now matched by significant numbers coming out of ‘early adopter’ states.
For September, New Jersey reported $184,000,000 in sports betting handle, with 57%, or $105,000,000, coming from online/mobile.
Nevada, West Virginia, Mississippi and Delaware will be reporting September results soon, and there was general optimism among industry players that the numbers would exceed expectations.
In any case, we’re encouraged. And the palpable enthusiasm at the first G2E that saw a legal sports bet taken outside Nevada feels a little more justified.
2. New Mexico became ‘State #6’ and snuck up on many industry observers.
Sports betting was apparently omitted in the compact between the tribes and the state. Interesting to see how this plays out in other states with any ambiguity in their compacts with tribes.
New today: And then there were six… states with legal sports betting. https://t.co/4yAFf4bLV5
— Legal Sports Report (@LSPReport) October 16, 2018
Sports betting legislation and impending regulation continues to move forward in Pennsylvania, New York, Illinois and other states.
3. M&A, deal-making and decision-making exceeded expectations.
OK. So some of these deals finally closed, some waited for a timely announcement window, we get it.
Doesn’t change the fact that a number of deals fell in to place in September and October, and G2E 2018 was the place to announce it.
Scientific Games buys Don Best Sports https://t.co/zC37eHSznB
— David Sargeant (@smallprophet) October 9, 2018
Some of the big ones:
OK. So some of these had been in the crock-pot for a while, we know, but it was a bit of fun to see the reveal, in some cases.
A few H/T’s
* AGA and G2E: for putting on a great event. And, thanks for the hospitality.
Not sure where to begin on the Show Floor? Visit the G2E Recommendations Booth #3100 to receive your personalized exhibitor recommendations for all your business needs! #G2E2018 pic.twitter.com/qxMhUFqPgt
— Global Gaming Expo (@G2Eshows) October 9, 2018
* GeoComply: great event for a great cause. True class act here.
GeoComply raised $50K for @MakeAWishSNV from a gaming industry event on Sunday evening, prior to the annual @G2Eshows in Las Vegas. The funds were raised by GeoComply’s partners as well as through individual donations from guests at the event. #MakeAWish #G2E2018 #LasVegas pic.twitter.com/6vkG4eSyKu
— GeoComply (@GeoComply) October 9, 2018
* Ewa, ICE and Clarion Gaming for the Ampersand meetings and reception.
— Ewa Bakun (@EwaBakun) October 8, 2018
And, at G2E 2019 next year.