NBA

NBA Fantasy Sports Supported by League

The support of NBA fantasy sports looks promising, as the league 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 cover the launch of DFS competitions in France, Germany, Italy, Spain and the UK in Europe, as well as Argentina, Brazil and Mexico in Latin America and Australia, Japan and the Philippines in Asia-Pacific. The free-to-play games, which will launch…

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 sector. However, plans have been met with a mixed response from professional leagues in the country. National Basketball Association commissioner Adam Silver has said he would be open to the idea of expansion, while NFL American football league chief Roger Goodell last week reiterated his…

Arkansas Sports Betting

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 few governments have set legal conditions of operations. Meanwhile, other States such as Georgia, Illinois and Texas are debating a further implementation of similar projects. So far, daily fantasy sports operators have only been offering legal platforms in Colorado, Indiana, Kansas, Maryland, Massachusetts, Mississippi, Missouri,…

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 law. The legislation’s chief sponsor, Rep. Michael Zalewski, D-Riverside, says the regulations proposed are designed to protect players. “I think daily fantasy sports continues to be operating in a regulatory vacuum,” Zalewski said. “This has been going on for two or three years now where…

How Online Sports Bookies Earn Residual Income

Although some online sports bookies have 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 vig, the service charge is 10% of every dollar bet for or against the spread. If a bettor, called a player, makes a $100 dollar bet on one team to cover the spread, to win or not lose by a certain number of points, the…

Esports Debuts at Caesars 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 Open at Caesars Atlantic City. The event, which concluded Sunday, is the first major esports event in the resort as it looks to take advantage of the rapidly growing $1 billion industry. “It’s like going to a football game,” said Seth Gentry, 23, of Lancaster, Pennsylvania, as he watched players play in the casino’s ballroom. The three-day video-game competition had a prize pool of $200,000, with $70,000 going to the winning team. “We…