Two tribal casinos are taking sports bets in North Carolina Friday when Governor Roy Cooper signed a bill allowing the activity at limited locations. The bill restricts sports wagering to tribal lands and does not allow mobile bets. Revenue estimates for sports bets and horse betting are between $1 million and $1.5 million for the state annually. The original wagering bill was passed in April with the approval of the state North Carolina Senate and House of Representatives. The Eastern Band of Cherokee Indians was the only tribe that agreed to a compact with the state. The activity of betting…

On September 1st of this year, betting on sports in Indiana will become legal. But residents should not expect to see betting kiosks unloaded at Indianapolis Motor Speedway for IndyCar Racing. The new legislation only licensed casinos, racinos and off-track betting facilities to open a sports book and accept bets.  So while legislation allows Hoosiers to bet on racing, venues where legal gambling doesn’t already take place won’t be taking wagers. “The law that passed, and it was obvious from the very beginning of the legislative process,” said Mark Miles, CEO of Hulman & Co, which owns IMS and IndyCar,…

On June 14, 2018, New Jersey Governor Phil Murphy started the legal sports betting industry in the state with a $20 wager on Germany to win last year’s World Cup, and the New Jersey Devils to hoist the 2019 Stanley Cup. Murphy would eventually lose both wagers (France/St. Louis Blues), but less than a year later he and his state hit a lucrative, historic jackpot. Since the unanimous SCOTUS decision on May 14, 2018, to overturn the Professional and Amateur Sports Protection Act (PASPA), a 1992 federal law that had essentially restricted single-game sports betting to Nevada and its famed…

State lawmakers continue to move forward a bill that would allow North Carolina sports betting on tribal land, but no where else in the rest of the state. The legislation will likely get a hearing on the House floor in the coming days after passing a final committee Wednesday. On Tuesday, the House Commerce Committee gave its approval to the bill, which would also allow horse wagering on tribal casino land. The bill passed on a voice vote with two audible dissenting votes — Rep. Keith Kidwell, R-Beaufort, and Frank Iler, R-Brunswick. It now awaits a hearing in the House…

Executives and players across professional sports in America have been watching the expansion of gambling with concern… and Major League Baseball is no exception. In March, MLB Commissioner Rob Manfred expressed his preference for a federal regulation of sports betting rather than the state-by-state approach, and said he views sports betting as a “great source of fan engagement’’ and “a positive’’ to his sport “in general.’’ “I’m a realist,” Manfred said, via BizJournals.com. “Would I prefer to have a single integrated structure from the federal government? Yes, because it would be easier for us to deal with one set of…

This week, New York sports bets became official as they joined an ever increasing list of states allowing allowing the activity. New York’s regulation of the activity comes more than a year after the U.S. Supreme Court lifted the ban that had restricted sports betting outside of Nevada. Gambling officials and casino executives in New York are eager to catch up to New Jersey, where gamblers have placed more than $3 billion worth of sports bets in the first full year since wagering became legal in that state. “Right now, Jersey is cleaning our clock when it comes to sports…

The Iowa Racing and Gaming Commission held a public hearing Thursday to discuss its proposed regulations to govern Iowa sports betting. Sources told Legal Sports Report the meeting went largely without issue, an unsurprising case given regulations that closely mirror Iowa’s recently passed sports betting law. As nearby Indiana pushes toward a September 1 launch to open before the start of the NFL season, Iowa hopes to do the same. Retail sports wagering clearly can be ready sooner but the law allows for statewide mobile Iowa sports betting as well. The draft regulations largely codify what’s already laid out in…

The fledgling American sports betting industry faces a critical second year ahead, as more and more states pass sports betting laws. The President and CEO of the American Gaming Association, Bill Miller, says it has expanded to more than $3 billion in total bets in the year since the U.S. Supreme Court overturned a federal ban on the activity. Now, in an interview with the Las Vegas Sun, Miller said the AGA will focus on ensuring that emerging markets install proper regulations and practices. “The Supreme Court decision to overturn PASPA was a transformative moment for the gaming industry. It…