Illinois sports betting

Illinois Sports Betting and Online Gambling

The second chapter on Illinois sports betting and possible online casino expansion is set to take place Wednesday at the state capitol. State Rep. Bob Rita, a Democrat, will bring together two House subcommittees to discuss various gaming topics such as sports betting, online gambling, daily fantasy sports (DFS) and casino expansion. It has been quite the journey for Illinois gaming, which has been kicking around since early 2017. Introduced by Rita, the legislation has morphed into a massive gambling expansion bill akin to a 2017 law passed in Pennsylvania. For more on Illinois sports betting and online gambling, visit…

Legal Sports Bets Could Net Leagues $4.2 Billion Annually

The four major U.S. professional sports leagues could reap a combined $4.2 billion annually as a result of legal sports bets, most of it indirectly from increased fan engagement, according to a casino industry survey released on Thursday. The findings could fuel a long-simmering feud between the gaming industry and American sports leagues, who want a share of the gambling revenue as U.S. states begin to legalize sports betting. The survey showed leagues stand to benefit even without taking a cut of wagers. The National Football League is likely to make the most, with a projected $2.33 billion of additional…

West Virginia sports betting

West Virginia Sports Betting Rejects Integrity Fees

The plans for West Virginia sports betting have dealt a blow to the major US sports leagues after integrity fees were not included in the state’s revised betting rules. Sports betting is already live at two of the state’s five casinos – with mobile betting expected soon – however firms have been operating since August on temporary rules. The state’s Lottery Commission approved the final regulations after reviewing 18 suggested amendments. It rejected all seven proposals put forward by major sports leagues, including a plan for West Virginia sports betting to collect integrity fees of 1% of turnover put forward by the…

Judge Kavanaugh, sports betting and gambling

Judge Kavanaugh, Sports Betting and Gambling

The recent Senate appointment of Judge Kavanaugh to the Supreme Court of the United States was carried out in the midst of many important questions. Despite serious scrutiny surrounding allegations of sexual assault, he was confirmed. So now that he’s the newest high court justice, it’s time we look at Judge Kavanaugh sports betting and gambling. There are some questions answered by Kavanaugh that might also provide important lessons for protecting sports betting integrity, although would hardly be the first Supreme Court justice to enjoy an occasional indulgence in gambling.Former Chief Justice William Rehnquist’s reputation was that of a “notorious…

State regulation of sports betting

State Regulation of Sports Betting is Best Bet

The state regulation of sports betting is a better option for America. That is what Sara Slane, senior vice president of public affairs at the American Gaming Association (AGA), stated in testimony before the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations, “Post-PASPA: An Examination of Sports Betting in America,”. She emphasized that federal oversight of sports betting is unnecessary in ongoing efforts to create effective legal sports betting markets in the United States. Highlights of Slane’s opening remarks include: “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one of the most strictly…

FanDuel sued

FanDuel Football Bet of $82K Paid After ‘Glitch’ in System

A player who placed a FanDuel football bet after a glitch promised him 750-1 odds will be paid. This after the company’s automated system mistakenly generated long odds on the final moments of the Denver Broncos-Oakland Raiders game Sunday. The company initially refused to pay the bet placed at its sports book at the Meadowlands Racetrack, saying it isn’t obligated to pay for obvious errors. But FanDuel reversed field after consulting with state gambling regulators. “Above all else, sports betting is supposed to be fun,” the company said in a statement Thursday. “As a result of a pricing error this…