Corporations Intensify Lobbying Efforts as Competition Heats Up for Three New York Casino Permits
By: Grant "Mile Mitchell" - 03/06/2025 01:36 - Financial NewsPhoto by Flickr, CC by 2.0 (https://creativecommons.org/licenses/by/2.0/)
The Top Dogs in the Lobbying Arena
Get a load of the heavyweights throwing their weight around in the sports betting industry lobbying scene! The latest numbers are out, and it looks like Steve Cohen's squad blew all competition out of the water, shelling out twice the dough as the next highest spender. But who else made the cut? Let's dive into it!
Sports Betting Industry Lobbying Spending Hit a Whopping All-Time High of $138 Million!
Now remember, Grant ain't just any ol' reporter; he's a former Virginia Tech grad, a former NCAA track and fielder, and a die-hard sports fan—not to mention a hardcore sports bettor. He's got the inside scoop on all the latest happenings in the sports betting world, and he's dedicated to bringing you up-to-the-minute, detailed coverage of industry headlines.
Grant kicked off his pro career in 2021, and it didn't take long for him to make a name for himself, working with top-tier entities like Forbes, VSiN, and earning a solid rep in the biz. When he's not crunching numbers, you can find him pounding the pavement around the city or catching the big game of the day.
Uncovering the Top 10 Lobbyist Spenders in the Sports Betting Industry
Here's a quick rundown of the heavy hitters pulling the strings in the sports betting lobbying sphere:
- Steve Cohen's Group: The Mets owner's team shelled out big bucks—double that of the next biggest spender—to stake their claim in the lobbying game.
- (Details Unavailable on Remaining Top 9 Spenders) While we don't have the specifics on the rest of the top 9, stay tuned—we'll fill you in as soon as those numbers roll in!
Casinos Slipping Through the Cracks?
Three major casino brands—BetMGM, Caesars, and Wynn—didn't make it into the top 10. Funny enough, huh?
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Digging Deeper: Enrichment Insights
Though an exact top 10 ranking for 2025 isn't available, some critical players have surfaced in the sports betting lobbying world:
- Sports Betting Alliance contributed over $254,000 to Mississippi lobbying efforts.
- NCAA dropped a cool $450k on lobbying (Q1), with hefty sums going to powerhouse firms like Brownstein Hyatt Farber Schreck and theGroup DC.
- Brownstein Hyatt Farber Schreck is no stranger to the lobbying circuit, topping general lobbying revenue at $67.9 million (2024).
- theGroup DC joined forces with the NCAA for sports betting lobbying (Q1).
- NexusOne Consulting, a new entrant launched by gaming attorney Jeff Ifrah and former Trump lawyer Jim Trusty, is expected to focus on gaming policy.
Important Considerations
- Information from Q1 of 2025 is limited.
- Industry overlap means deducing sports betting-specific allocations is challenging.
- State-level spending is scant, with federal disclosures remaining sparse.
Wrapping Up
There you have it—a glimpse into the high-stakes world of sports betting industry lobbying. Keep it locked with Grant Mitchell for the latest on this ever-evolving scene!
- Surprisingly, online casino brands like BetMGM, Caesars, and Wynn have not made it into the top 10 lobbyist spenders in the sports betting industry, sparking some curiosity.
- In collaboration with the NCAA, the Group DC has shown significant involvement in sports betting lobbying, contributing to the powerful coalition advocating for changes in the industry.
- Despite limited Q1 disclosures, financial news highlights NexusOne Consulting as a new player expected to play a pivotal role in gaming policy, specifically focusing on sports betting.
- With a strong presence in the lobbying circuit, Brownstein Hyatt Farber Schreck has topped general lobbying revenue and stands out as a major player in the sports betting industry, despite specific allocations being somewhat challenging to decipher due to industry overlap.
- A prominent gaming attorney, Jeff Ifrah, is part of the new NexusOne Consulting firm, signaling a potential increased focus on sports betting policy and regulations in the near future.
