New Jersey has joined the expanding list of US states that have passed legislation that allows and regulates daily fantasy sports (DFS). State Governor Chris Christie signed bill A-3532 yesterday (Thursday), after it was given approval by the Senate back in June. New Jersey becomes the 16th state in the US to legalise DFS within its borders. DFS operators will be subject to a tax rate of 10.5% on all revenue collected via activities in New Jersey. Citing the Office of Legislative Service, the New Jersey Law Journal has reported that legalised DFS could help generate up to $6.6m (€5.6m)…

Irish bookmaker Paddy Power has found itself in the middle of a social media firestorm after advising punters “to always bet on black” ahead of the historic Floyd “Money” Mayweather vs. Conor McGregor fight this weekend. he Independent reported that the Dublin-based bookmaker has already settled bets of those who have backed Mayweather to beat the Irishman in the multi-million dollar mega-bout this Saturday at the T-Mobile Arena in Las Vegas, Nevada. Punters who wagered on Mayweather received £250,000 (US$320,175) four days before the biggest commercial night in the history of combat sports. Paddy Power, however, grabbed people’s attention with…

Most of you probably think that all bookmakers are created equal. And when you think about it on each of them you place a wager, you win, and you lose. Is there anything more to it? Well, you would be oversimplifying the process as well as the importance of picking the proper app, by quite a lot. According to bestbettingapplications.co.uk, what is important when choosing the best betting app is finding an experience that you are comfortable. So that if you play your cards right and increase your odds, you will come out a winner. Keeping that in mind, here…

If you are a newbie in the world of sports betting, there is one crucial thing you should know before you start betting, and that is that there are no two bookmakers that are the same. This guide’s purpose is to help new punters familiarize themselves in this brave new world and give them the tools to choose a trustworthy site that fully suits their gambling needs. In this article, you will learn what are all of the steps of the sign-up process, how to start betting as well as how to withdraw your winnings. TRBS have more than 50…

Whilst state governments are pushing for a legal sports betting industry nationwide, Congressman Frank Pallone, Jr. (NJ-06) introduced a bill to regulate national operations. Sports betting sector is federally banned in the United States, as the Professional and Amateur Sports Protection Act of 1992 (PASPA) only allows operations in Oregon, Delaware, Montana and Nevada. Pallone’s bill was supported by tribal operators, which will be included as potential bidders during the licensing process, as a source revealed to Legal Sports Report. The federal legislation would not interfere with the Indian Gaming Regulatory Act (IGRA) nor affect the current gaming agreements between…

We’ll start this article with the basics and the first thing we need to do is answer this question: what or who is a bookie anyway? A bookkeeper or “bookie” is a person or company that accepts bets in events and that serves as a middle man between the players that make the wagers. The bookie receives the money wagered by the punters and then delivers the payouts to the winners, and keeps a percentage for himself as a form of payment for the services provided. By adjusting the odds, the bookie guarantees a profit, he never tries to win…