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Gambling ballot measures suffered defeats in Nebraska, Indiana and Virginia in the midterm elections, according to a commentary from CDC Gaming Reports. The piece cites New York’s sports betting market as a revenue benchmark, putting the state’s sports betting tax receipts at $100 million a month.
The commentary contrasts those ballot losses with potential legislative opportunities in Texas, Ohio and Georgia.
Mobile betting and casino proposals lose at the polls
Nebraska voters rejected a measure to allow mobile or remote sports betting, according to CDC Gaming Reports. That result was among the setbacks for proposals that put gambling expansion directly before voters.
In Indiana, voters in three counties rejected casino proposals. The commentary describes a proposed $500 million casino resort and says opposition reached 60% in one county vote.
Virginia voters rejected two measures permitting satellite pari-mutuel wagering operations tied to historic horse racing machines. Those approvals would have allowed Churchill Downs to add two Rosie’s locations, according to the commentary.
The company operates eight Rosie’s locations in Virginia. CDC Gaming Reports puts its machine count there at 4,690 and says those units generated $47 million in gross gaming revenue in October.
New York revenue figures enter the expansion debate
The New York tax revenue figure serves as a comparison in the commentary’s discussion of mobile betting and gambling expansion elsewhere. It is a tax-receipts figure; the Virginia number measures gross gaming revenue.
Ohio is described as a target for online casino expansion, with an existing large mobile sports betting market. The commentary estimates that Ohio, with roughly 12 million residents, could generate about $400 million in monthly iGaming revenue.
CDC Gaming Reports also says Texas has two bills filed that would put gambling to a public vote, with gaming companies and executives interested in supporting legislation.
In Georgia, the commentary reports that newly elected Gov. Keisha Lance Bottoms wants to legalize casino gambling to fund an education initiative.
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Source: As reported by CDC Gaming Reports.
