Category: Sports Betting and Fantasy News
States Should be Allowed to Compete on Sports Betting
At the end of its last term, the Supreme Court voted to strengthen the Constitution in a 6-3 vote that was a long overdue decision on states sports betting… a vote to end a law that said “some states are more equal than others.” The question before the court was a 1992 law that banned states from regulating and taxing sports betting except in Nevada and three other states. The court ruled instead that all 50 states have to be treated the same, and that the federal government could not tell the states what to legalize or ban. While gambling…
FanDuel Football Bet of $82K Paid After ‘Glitch’ in System
A player who placed a FanDuel football bet after a glitch promised him 750-1 odds will be paid. This after the company’s automated system mistakenly generated long odds on the final moments of the Denver Broncos-Oakland Raiders game Sunday. The company initially refused to pay the bet placed at its sports book at the Meadowlands Racetrack, saying it isn’t obligated to pay for obvious errors. But FanDuel reversed field after consulting with state gambling regulators. “Above all else, sports betting is supposed to be fun,” the company said in a statement Thursday. “As a result of a pricing error this…
AGA to Testify Before Congressional Committee on Sports Betting
Sara Slane, Senior Vice President of Public Affairs for the American Gaming Association, has been invited to speak before a Congressional Committee on Sports Betting. Ms. Slane will provide testimony on behalf of the gaming industry, highlighting the AGA’s core principles for legalized sports betting. The House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations announced earlier that they will be holding a hearing titled “Post-PASPA: An Examination of Sports Betting in America” on Thursday, September 27th at 10:00 a.m. EDT. Information on additional witnesses for the Committee on Sports Betting hearing has not yet been finalized, but it…
Arkansas Sports Betting a Possibility
A constitutional amendment that would authorize Arkansas sports betting at four casinos is being considered in the state, but it looks as if New York will miss regulating sports wagering until next year. The Secretary of State of Arkansas has confirmed that the initiative will feature on the November 6 general election ballot, despite Governor Asa Hutchinson having declared his opposition to the effort. Should the motion pass, the state Racing Commission would be able to issue casino licenses for Arkansas sports betting to applicants in Jefferson County and Pope County, as well as Southland Racing Corp. in West Memphis and Oaklawn…
Football Season Brings More Sports Betting Options to New Jersey
On the day the National Football League season kicked off, four gambling companies either began offering more sports betting options in New Jersey or announced plans to do it soon. The Tropicana casino said Thursday that it had reached a deal with William Hill Race & Sports Book to offer sports betting in the near future. No timetable was given for the launch. Hours later, Caesars casino began online and mobile sports betting. The FanDuel sports betting app also went live Thursday, and William Hill’s was set to do so Friday. Both of those companies received approval last week to…
NFL Teams Get Green Light to Work with Casinos & Sportsbooks
A committee of NFL owners has reportedly given NFL teams the green light to grant sponsorship rights to casinos with sportsbooks. Teams will not be allowed to advertise sportsbooks or betting sites directly, but the rules change does relax a longstanding stance that prohibited teams from associating with casinos that also offered sports betting in Las Vegas. According to SportsBusiness Daily, a “team source” said the rules change was announced during a conference call on Monday. The report also claims NFL teams and casinos will be permitted to use one another’s logos in their advertising and promotions. Furthermore, the rules…
NFL Sports Betting Could Net League $2 Billion a Year
On Wednesday, the U.S. casino industry explained how NFL Sports Betting could increase viewership, assuming the White House doesn’t end up undermining the sport completely in the years ahead. According to the American Gaming Association on Capitol Hill, the NFL’s annual revenue may increase by $2.3 billion under “widely available, legal, regulated sports betting.” The findings came from a Nielsen Sports study commissioned by the AGA. The increased revenue from NFL Sports Betting would come from spending from sports books/casinos on advertising, data and sponsorship, and revenue generated as a result of increased consumption of the league’s media and “purchasing…
AGA Says Federal Sports Betting Framework a “Non-Starter”
The American Gaming Association has warned Senator Chuck Schumer that his new proposals for a federal sports betting framework in the US are “a non-starter” despite several top sports organizations having come out in support of the US Senate Minority Leader’s efforts. Schumer became the latest member of Congress to submit suggestions for a federal sports betting framework, with states so far having adopted their own legislative approaches to sports betting after PASPA, the federal law banning sports betting, was overturned in May. “With the Supreme Court’s ruling, it’s incumbent on the federal government to take a leadership role and…





















