Category: Sports Betting and Fantasy News
Judge Rules: Wire Act Only Applies to Sports Betting
The federal judge in the New Hampshire case against the Department of Justice has ruled that the Wire Act only applies to sports betting. In doing so, he set aside the Justice Department opinion that the act applies to online gambling and poker, which some feared could put states in danger of losing their online lotteries and regulated Internet betting. In 2011 the DOJ concluded that online gambling within states that was not sports betting did not break the law. However, last November they changed their opinion on the matter and chose to interpret the act as applying to any…
Caesars Sports Betting Operations Will Consolidate
Caesars sports betting now operates 17 sports books across the United States, and Nevada, New Jersey, Massachusetts and Pennsylvania in particular. The company is now eying Iowa as the next field for expansion with legislation still pending. During the quarter, Caesars landed an important partnership with DraftKings which continues to be part of the corporation’s attempts to break into new revenue streams. While adopting DraftKings’ solutions, Caesars will continue to push forth with its own branded app. There has been significant backing from the likes of NFL, Bleacher Report and a number of sports organizations. Tribal operators have been disinclined…
Colorado Sports Betting Vote this November
Governor Jared Polis has signed a bill that will allow a Colorado sports betting vote this November. The measure will be put to voters and needs to be approved in order to become law. The bill was introduced on April 18th and quickly passed the state’s legislative progress in both the House and Senate, and was waiting on the signature of the Governor. If passed, Colorado would join states like New Jersey, Nevada and Tennessee sports betting. To read more on the Colorado sports betting vote, visit iGaming Business.
Tennessee Sportsbetting Becomes Law
The Tennessee sportsbetting bill has passed into law without the signature of the Governor, Bill Lee, who made his opposition to the activity very evident. That bill will permits both online gambling and land based bets by using remote kiosks. The law goes into effect in about a month, on July 1st. The Tennessee sportsbetting bill cleared the House by a vote of 51-40 after passing through the Senate by a 20-12 vote. The Governor has been quite outspoken about his opposition to legal sports betting, but allowed the bill to pass into law. More at iGaming Business.
Pennsylvania Online Sports Betting Live!
After months of waiting, Pennsylvania online sports betting is finally available! SugarHouse Casino began live testing of its mobile sports betting app product after receiving approval from the Pennsylvania Gaming Control Board The advent of Internet sports wagering in the state has been months in the making. SugarHouse becomes just the first of many coming dominoes to fall in the state. All eight of the current sportsbooks in the state are expected to offer Pennsylvania online sports betting by this summer. A ninth, Presque Isle Downs in Erie, is targeting June 1 as the kickoff date of its retail sportsbook….
DraftKings West Virginia Betting App
DraftKings is ready for the soft-launch a their sports betting app this week. The app should go live at the Hollywood Casino in Charles Town and bringing mobile wagering back to West Virginia. Local news outlet WV MetroNews reported on Wednesday citing information from state gambling regulators that the Lottery has tested the new wagering app with DraftKings this week and that the app has passed all the tests. This means that it can soon go live with Hollywood Casino at Charles Town Races, DraftKings’ West Virginia casino partner. DraftKings announced that it has reached a licensing agreement with Hollywood…
Oregon Sports Betting Pushed by State Lottery
Lottery officials intend to launch Oregon sports betting in time for football season. The lottery hopes to put the state at the forefront of a national sports betting bonanza after a U.S. Supreme Court decision last May cleared the way for every state to get into the business. The numbers are potentially huge. Ten months since New Jersey sports bets went live, its “handle” (total dollars wagered) has topped $1 billion per quarter. Investment bank Morgan Stanley last November predicted that American sports betting could reach $215 billion a year by 2025. “There is a huge pent-up demand,” said David…
Betting on Sports in New York Edges Closer
New York sports betting is getting closer to reality, as the state Senate Racing, Gaming and Wagering Committee has unanimously voted to advance a bill that would legalize in-person and mobile gambling in the state. Introduced in January by Senator Joseph Addabbo, Senate Bill 17 passed the Committee by a vote of 6-0 and will now progress forward to the Senate Finance Committee for further debate. Should the bill come into law, there would be two different tax rates for the type of bets placed in New York. casinos that secure a license would pay tax at 8.5% on gross…






















