The mobile sports betting operators to disclose their methods in that area in a public setting.
Jordan Maynard, who has been serving as the Interim Chair of the MGC since late March, addressed the subject during the Commissioner’s Update portion of the meeting.
“I want to note, and this is in the interest of full transparency, that FanDuel did reach out to me last Friday to set up a time to follow up on the roundtable that we conducted on limiting wagers last month,” he said. “I know that we plan to take this issue up again soon. In fact, we have it marked up for a public meeting on June 20.
“I will insure that FanDuel and any other operator know that each commissioner will need to be updated in a way that is transparent and fully compliant with the Open Meeting law. That said, I wanted to acknowledge that reach out and am hopeful for the future as our learning on this issue continues.”
How will mobile sportsbooks respond? 1h636f
Maynard’s firming of the MGC stance comes after all six operators declined to accept the invitation for the “Sports Wagering Operator Wager Limitations Roundtable” to explain the process that goes into limiting their customers and was offered by the state agency on May 21.
The Interim Chair pointed out last month that all operators expressed a preference to disclose those methods in executive session, citing proprietary information as the primary reason. The decision to snub the MGC for talks in open session was blasted by commissioners, with Brad Hill expressing “anger” for the operators’ lack of transparency on the subject.
It also sent the sports betting Twitter sphere ablaze with opinions from various corners:
All of Massachusetts sports betting operators refusing to participate in today’s roundtable on the limiting of players is probably the biggest middle finger I’ve seen by licensees in the 20+ years I’ve been in this industry
— Joe Brennan Jr (@joebrennanjr) May 21, 2024
I think the more absurd part is they all agreed to the public roundtable, post de facto tried to change it to an executive session, and then all bailed out separately with very little warning. They honestly wasted everyone's time. Not serious behavior.
— Dustin Gouker (@DustinGouker) May 22, 2024
The next best step for the Massachusetts Gaming Commission is to draw up a regulation that requires operators to list minimum bet limits. That will get the sportsbooks to the next public hearing.
— Roxy Roxborough (@RoxyLasVegas) May 22, 2024
Revenue and DEI focus of quarterly meeting 136e1t
All six operators made presentations to the MGC regarding their first quarter revenue and ongoing efforts regarding diversity, equity, and inclusion. In of revenue, operator amounts ranged from a state-leading $91.9 million by Boston-based Caesars.
First-quarter mobile operator since-departed WynnBET and Betr, totaled $171.7 million as the group had a collective 9.5% hold from $1.81 billion in handle. The state received $33.4 million in taxes from mobile sports wagering in the first three months of the year.
