Industry News 10 May 2023

The August launch of Circa Sports' sportsbook follows the company's acquisition of an Illinois sports betting licence.

After much waiting, Circa Sports has been granted the necessary licence to begin offering sports betting in Illinois. The launch, as the corporation stated earlier this month, is scheduled for the third quarter of this year. 

Recent reports, however, indicate that the rollout will occur in August, just before the start of the football season.

Prolonged deliberation:

After over a year of planning, a reputable Nevada-based sports betting operator will finally be able to establish shop in a new U.S. market, and the big opening is scheduled for very soon. 

In May of 2022, the operator submitted an application for an Illinois licence. The Illinois Gaming Board (IGB) revealed last week that the application had been authorised after a lengthy review process. The addition of Circa Sports brings the total number of legal sportsbooks in the state to seven.

Circa will launch its sportsbook in Illinois at "The Temporary" casino in Waukegan while it works out the kinks in its retail and digital offerings. In preparation for the construction of the American Place Casino, the firm partnered with Fun House Entertainment to provide its patrons first-rate sports betting sites. 

The Temporary has just been open since the beginning of the year, thus it is still technically in its "tryout" phase. Circa will not officially launch until August since it must first comply with IGB standards and then obtain unrestricted licences to run sportsbooks.

The Remarkable Rise of Circa Sports:

Derek Stevens, a casino owner and entrepreneur, established Circa Sports in 2019. The business has flourished and expanded since then. The Circa Hotel & Casino, The D Las Vegas, and the Golden Gate Casino all host its current locations. All of the company's sports betting options are designed with simplicity and convenience in mind. 

The company's mobile app is available in the Colorado and Iowa regions as well. 

Obtaining an operating licence in Illinois was a major accomplishment, but it also presented one of the firm's greatest hurdles throughout the years. There will be stiff competition due to the presence of several well-known operators like as FanDuel, DraftKings, Barstool Sportsbook, BetRivers, Caesars, PointsBet, and BetMGM. The first two months of this year saw almost $2 billion in handling pass through Illinois casinos, indicating the state's popularity among gamblers.

The potential legalisation of wagering on collegiate sports online:

If House Bill 4041, which would legalise sports betting on college games online, passes, its appeal is likely to grow much wider. For these 13 collegiate sports programmes, this is a great opportunity. The measure was originally read in its entirety by the House Gaming Committee last week.

Sports betting in the state was legalised in 2019, and since then, the only places to gamble on college teams have been land-based casinos. Rep. Jonathan Carrol, who introduced the legislation, estimates a 20% increase in income from collegiate sports betting if internet wagering is legalised.

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