Category: Sports Betting and Fantasy News
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 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…
Legal Sports Betting Raises Risk of Game Fixing
With dozens of states rushing to capitalize on the U.S. Supreme Court lifting a federal ban on sports gambling, will game fixing scenarios become more common? The four major pro sports leagues and the NCAA think so, and have argued for years that expanding legal betting will lead to more game fixing. The pro leagues have sought, unsuccessfully so far, a cut of state gambling revenues to increase monitoring. Meanwhile, architects of New Jersey’s successful legal challenge to the sports gambling ban say those fears are overstated and that bringing sports betting out of the shadows will make it easier…
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…
Police Don’t Support Sports Betting Ban
Who needs at sports betting ban in America? The idea of people placing illegal bets on sports doesn’t keep most of us up at night. In fact, many of us likely have family and friends who make illegal wagers, further normalizing the activity. But, we also know that unsavory characters run elaborate illegal sports betting operations to help fund more sinister criminal activity. That’s why we’ve been part of the American Sports Betting Coalition and working with other invested stakeholders on the issue of illegal sports betting for the past few years. The startling truth the coalition uncovered was that…
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…
$6 Million for Mississippi Sports Betting in First Month
Mississippi sports betting took a total of $6.3 million during the first full month of regulation, but this figure is set to increase considerably as more companies launch in the US state. This handle corresponds to $644,000 in revenue for casinos and $77,000 in tax income for the state. Baseball proved to be the most popular sport, attracting $3.3m in bets in August, while punters wagered $1.4m on parlay betting and $1.3m on American football. Mississippi sports betting went live on August 1 and the first month of regulation in the state saw a number of companies roll out sports…






















