Category: Sports Betting and Fantasy News

Bookmakers Release Trump Impeachment Odds

The 45th US President Donald Trump has proved to be a man of rare talent and admirable consistency. Indeed, the fact that somehow all (or almost all) of his decisions and actions usually turn out to be ones vocally opposed by the majorities should be seen as a rare talent. Not necessarily a positive talent,…

Alabama Could be Next to Regulate Fantasy Sports

Alabama could soon operate legal daily fantasy sports as State legislators decided to pass the bill. According to Biz Journals, the Alabama House of Representatives approved yesterday a gaming amendment to include daily fantasy sports under local regulations. The sector will still be considered as illegal until the Senate confirms the House approval. Daily fantasy…

Trump Would Speak to League Commissioners about Sports Betting

Hours before the Super Bowl on Sunday, President Trump was interviewed by longtime TV and radio personality Jim Gray on a variety of topics – including sports betting. Gray referred to a recent American Gaming Association recent analysis on the volume of sports betting on the big game. “You know quite a bit, as a…

NBA Supports Fantasy Sports Around the World

North America’s National Basketball Association (NBA) has agreed a multi-year deal with sports entertainment company PlayON to launch daily fantasy sports (DFS) contests in regions around the world. PlayON will serve as the official daily fantasy partner of the league in a selection of major markets in Europe, Latin America and Asia. The partnership will…

Baseball Commissioner Willing to Discuss Sports Betting

Rob Manfred, commissioner of North America’s Major League Baseball (MLB), has said he would be prepared to hold further talks over wider legalisation of sports betting in the US. Nevada is the only US state in which wagering on sports is legal, but a number of other states have introduced legislation that could legalise the…

Arkansas Becomes 11th State to Regulate Fantasy Sports

Daily fantasy sports (DFS) industry has legally expanded to Arkansas, the 11th State to approve a complete regulation on the real money betting sector.According to Legal Sports Report, last Monday Arkansas’ Governor Asa Hutchinson signed the legislation allowing it to become effective. The daily fantasy sports industry is very popular across the United States, although…

Illinois Fantasy Sports Bill Introduced

A bill to allow and regulate online daily fantasy sports betting has been introduced in the General Assembly, but opponents say it will hurt other forms of gambling in Illinois. The bill is intended to supercede a 2015 advisory opinion by Attorney General Lisa Madigan that daily fantasy sports betting was illegal under state gambling…

How Online Sports Bookies Earn Residual Income

By 24-7 Bookie Although bookmaking has an unfounded reputation of being shady, it’s as legitimate as any other service-based job. Waiters take orders. Bookmakers accept wagers. Most of the time the bookmaker’s goal on any given sporting event is to make money from the service charge they apply to every wager. Called the juice or…

Esports Debuts at Caesars in Atlantic City

Players trash-talking, commentators breaking down each play and fans cheering. It’s not an Eagles game at Lincoln Financial Field, but rather the Gears of War Pro Circuit Atlantic City Open at Caesars. The event, which concluded Sunday, is the first major esports event in the resort as it looks to take advantage of the rapidly…

Raiders to Vegas as NFL Resists Sports Betting

Roger Goodell, National Football League Commissioner, has eased up his position towards sports betting once the Raiders landed in Nevada. US.- As Las Vegas will host the newest stadium of Raiders, officials of the National Football League (NFL) and representatives of the football team are debating the possible impacts of the gaming industry on the…

Americans Will Bet Over $35 Billion on Baseball

American sports fans are poised to wager $36.5 billion on Major League Baseball (MLB) this year, according to an estimate by the American Gaming Association (AGA) released just days before opening day. Of the $36.5 billion that will be wagered, $35.4 billion – or 97% – will be placed illegally through illicit offshore websites and…

NFL Still Says ‘No’ to Sports Betting

NFL commissioner Roger Goodell said Tuesday that league ownership remains opposed to legalized sports betting because of integrity concerns, while also acknowledging that the regulatory framework in Nevada’s legal sports betting market could be “beneficial” when it comes to the Raiders eventually playing in Las Vegas. Owners voted 31-1 to approve the Raiders’ move from…

DraftKings Opens in Germany

US daily fantasy sports site DraftKings officially went live with a beta version in Germany on Thursday. Earlier this year, DraftKings announced it would be going live in Germany during Q1, thanks to a new skill-games license acquired in Malta. (Fantasy soccer site Oulala is the only other company known to have acquired this license.)…

DraftKings FanDuel Merger in Doubt

In mid-November 2016 the two largest daily fantasy football companies, DraftKings & FanDuel, announced a merger of equals. The thinking was that instead of pouring hundreds of millions of dollars into continuing to fight each other, they could fight legal and political battles together & continue to expand. When the news broke, ReCode quoted “the…

Kentucky Fantasy Sports Bill Fails

The daily fantasy sports industry apparently will not be getting the legal clarity and regulation it desires in the Bluegrass State, at least for now. The bill there — H 414 — sought to establish a legal footing for paid-entry fantasy sports and regulation of companies offering them, like the biggest DFS operators, DraftKings and…

Mississippi Passes Fantasy Sports Bill

The Mississippi Legislature, struggling for ways to fund state government in the midst of sluggish revenue collections, should have at least a little help on the way. On Wednesday, the 52-member Senate approved with six no votes and sent to Gov. Phil Bryant legislation regulating and taxing fantasy sports. If Bryant signs the legislation into…

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…