Category: Sports Betting and Fantasy News

Adelson Pulls Out of Raiders Stadium Deal for Las Vegas

After three months of speculation that Sheldon Adelson might back out of the Raiders’ stadium deal in Las Vegas, the casino billionaire finally made the move Monday and officially cut all ties with the team. In a statement to the Las Vegas Review-Journal, Adelson said that his family “will no longer be involved in any…

More States Consider Fantasy Sports Regulation

While the daily fantasy industry continues to push for legal clarity in the United States, its largest operator is preparing to expand its international footprint. In the first weeks of 2017, 11 states — Connecticut, Florida, Georgia, Hawaii, Illinois, Iowa, Nebraska, New Hampshire, New Jersey, Oregon and Washington — have introduced legislation aimed at regulating…

New Jersey Closing in on Fantasy Sports Regulation

New Jersey has taken a step closer to legalising daily fantasy sports (DFS) after a state Assembly committee cleared a bill that would regulate the industry. The proposed legislation sets out rules to charge DFS companies a fee of 10.5% on gross revenue in order to legally operate in the US state. Although the exact…

DraftKings to Operate in Germany

Daily fantasy sports site DraftKings is heading to Germany. That’s thanks to a new gaming license the company acquired from the Malta Gaming Authority. The international expansion will occur sometime during Q1, Jeffrey Haas, chief international officer for DraftKings, told Legal Sports Report. It marks the first expansion of DraftKings’ footprint since DraftKings UK went…

Pennsylvania’s Sports Betting Bill

Pennsylvania has added another type of gambling offering to its wish list. A House Representative has recently informed fellow lawmakers that he plans to introduce a bill that would call for the legalization of sports betting within the Keystone State’s borders. Rep. Robert F. Matzie, who has been member of the state Legislature since 2009,…

Brent Musburger Leaves ESPN for Sports Betting Network

You are listening live from the South Point sports book, which will serve as the hub of Brent Musburger’s new sports betting network in Las Vegas. Banners promoting the iconic broadcaster’s burgeoning Vegas Sports Information Network (VSIN) were already hanging inside the South Point on Wednesday, when it was announced that Musburger will end his…

US Supreme Court Delays Decision on New Jersey Sports Betting

The US Supreme Court (SCOTUS) has delayed a decision as to whether it will hear an appeal from New Jersey in its attempt to legalise sports betting in the state. According to various reports in the US media, SCOTUS has requested a brief from the Solicitor General on the ongoing case, before considering taking the…

Michigan Ready to “Take On The Government” Over Sports Betting

The Michigan state lawmaker who recently reintroduced a bill to legalize sports betting said he is optimistic for his chances of his bill to become law, although it may not happen in 2017. “I understand the federal law prohibits [sports] gambling, but I am the kind of guy that’s willing to take on the government,”…

New Jersey Makes Sports Betting “States Rights” Issue

The latest filings in the New Jersey sports betting case represent the last steps before the US Supreme Court decides whether to hear the state’s appeal. New Jersey is hoping the highest court in the land will hear its case on whether the state can partially repeal its own laws to offer sports betting within…

Fantasy Sports Regulations Go Live in Maryland

This week, regulations governing fantasy sports contests in the State of Maryland went into effect.  The regulations, implemented pursuant to a 2012 law exempting fantasy sports from the State’s gambling prohibition, vest the Office of the Comptroller with authority to enforce various consumer protection rules aimed at establishing basic rules to ensure fairness in the…

Trump Could Propel US Legalized Sports Betting

Some powerful folks in the American casino world are betting on Donald Trump fast-forwarding the push toward legalized sports gambling in this country. In his year-end conference call with reporters, Geoff Freeman, president of the pro-casino American Gaming Association (AGA) trade group, said Trump’s firsthand business experience within the gaming industry bodes well for a…

NBA & FanDuel Launch “InPlay” Betting

The NBA is upping its game on daily fantasy sports, with a little help from FanDuel. The league unveiled a fantasy game based on NBA games called InPlay on Thursday. It appears to be the development of a product called FanDuel Turbo that never officially launched. The NBA has an equity stake in FanDuel. “We…

Ohio Considers for Fantasy Sports in 2017

Ohio is shaping up to be one of the major battleground states for the daily fantasy sports industry next year, as a new piece of legislation has surfaced. The legislation comes after a bill that would make DFS illegal was introduced earlier this year. An attorney general memo this year also did little to clear…

Tabcorp Guilty of Running Illegal Gambling Advertisements

Australian betting operator Tabcorp has found itself in hot water over a 2015 promotion that offer rewards to new accounts. Sydney’s Downing Centre Local Court found the gambling operator guilty of three counts of illegally luring punters to open accounts, skynews.com.au reported on Friday. The promotion in question was published in a newspaper and online…

New Jersey Sports Betting May be Dead… Forever

New Jersey’s efforts to bring legal sports betting to its horse tracks and Atlantic City casinos suffered another significant — and potentially fatal — setback on Tuesday when a federal appeals court upheld a previous ruling invalidating a challenge to a federal law that limits such gambling to four states. Following a rare hearing in…

Massachusetts May Consider Online Gambling & Fantasy Sports

On Monday, the Massachusetts Special Commission on Online Gaming, Fantasy Sports Gaming and Daily Fantasy Sports met for the first time. The existence of the panel is a result of a daily fantasy sports bill the legislature passed in August. The bill legalized daily fantasy sports in Massachusetts, using the regulations crafted by Attorney General…

Pending Fantasy Sports Merger Begs Question

Now that the two largest online daily fantasy sports sites are back in the news—nearing a deal to merge into a company drawing $100 million in revenue, according to the Wall Street Journal—it’s a good time to answer a nasty, nagging question: Are these sites legal? Because the companies in question, FanDuel and DraftKings, are…

Fantasy Sports Pay $12 Million for “Deceptive Ads” in New York

The country’s two leading online daily fantasy sports companies are paying out big — in fines to the state. FanDuel and DraftKings on Tuesday agreed to pay $6 million each to settle lawsuits from Attorney General Eric Schneiderman alleging they engaged in false and deceptive advertising practices. Schneiderman had charged that the companies misled casual…

Las Vegas eSports Arena Opens Soon

Delegates attending next week’s Esports and Casinos Resorts conference in Las Vegas will have the chance to take a tour of the city’s first dedicated esports arena. This opportunity is due to one of the event’s title sponsors being Millennial Esports, the company behind the arena which’ll be a part of the Neonopolis building on…

Fantasy Sports Movie Rumors

With all of the drama that this past year has seen with Daily Fantasy Sports, TriStar Pictures thought it was a perfect idea to turn the chaotic industry into a motion picture. TriStar Pictures is a subsidiary of Sony and is based out of California. They optioned the rights to an upcoming book released on…