WWE Betting Report Bodyslammed by State Gaming Regulators

One 24-hour interval after CNBC indicated WWE was seeking favorable reception for wagering on its events, all triad nation agencies mentioned in the clause refuted the report.

In a financial statement issued Th morning, the Colorado River Division of Gaming said it was responding to “the inaccurate representation” inward the article that the professional person grappling organization was talking with the segmentation almost allowing sportsbooks to offering betting markets on its matches.

Unlike sporting events, WWE matches are scripted with predetermined outcomes.

The Centennial State Division of Gaming is non currently and has not considered allowing sports betting wagers on WWE matches,” the statement read. “At no time has any state gaming regulator inwards Colorado spoken with the WWE around including wagers on our sanctioned wager list.”

The financial statement continued, noting that tell statute forbids offering odds “on events with fixed or predicted outcomes or purely past chance.”

Michigan and Hoosier State Chime In

Hours later, the Great Lakes State Gaming Control Board issued a statement locution there have been no more “direct communications” with WWE employees or executives near allowing licensed sportsbooks inwards the province to bid markets. It did acknowledge “a third-party consultant” broached the subject with the board, but that was to a greater extent than a twelvemonth ago. Nothing progressed from that, the MGCB said.

MGCB Executive Director Joseph Henry Thomas Lanier Williams said any formal asking to tender an case needs to add up from a state-licensed manipulator or political program provider. None get through with(p) so.

“The WWE should put to work with the gaming manufacture if it wishes to get a proposal before the MGCB,” Thomas Lanier Williams said.

On Th evening, an Hoosier State Gaming Commission interpreter told Casino.org that it has “no interestingness in approbatory wagering on scripted events.”

Sports betting rules motley by state, with some permitting operators to offer more markets than others. That’s why some states, the like Hoosier State and Michigan, put up proffer markets on the Academy Awards, piece states same New York prohibit betting on such outcomes as a league’s Most Valuable Player recipient.

Major Sports Betting Operator Hesitant

The CNBC study was widely panned past many in the gaming industry after it was published.

Contessa Brewer, an lynchpin and gaming industry newsman for the network, tweeted Wed she got an NSFW response from BetMGM CEO Adam Greenblatt when she asked him during an iGamingNEXT session near his interest group inward offering bets on WWE events.

Late this afternoon, i asked @BetMGM CEO go Greenblatt whether he would be eager to make bets on @WWE scripted matches. His answer- and I quote “NFW!” (To audience laughter @IGamingNEXT ) @CNBC https://t.co/CpKrtp6x6I

— Contessa Brewer (@contessabrewer) March 9, 2023

The CNBC news report noted that WWE officials have been workings with Max Ernst & Whitney Young on a path to preserve the scripts unafraid to prevent bettors from learning about outcomes before matches took place. It added that the organisation would non narrate wrestlers who would win until just prior to their match.

Despite the negatively charged reaction within the industry, it’s gentle to consider wherefore some exterior the gaming realm would throw out the idea, especially since some seaward operators proffer odds.

WWE, a publicly traded company, produces a extremely pop product. During its fourth-quarter earnings call, executives told stock up analysts lastly month that broadcasts for SmackDown and RAW, its weekly shows, are draftsmanship an mediocre of 3.9 one thousand thousand viewers combined for the 2022-23 TV season. Both shows are seeing increases in viewership.

Pay-per-view audiences have got also been strong, with January’s Royal Rumble’s broadcast audience 52% higher than the previous record crowd, which was exercise set lowest year.

Shows crossways the rural area also occupy arenas with crowds rivaling major professional and collegiate sports teams.

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