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…

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…

Another broadcast network is taking the plunge, as an ESPN sports betting partnership has been struck with Caesars Entertainment. This deal includes the construction of a brand new ESPN-branded television studio at The LINQ Casino on the Vegas strip. There sports betting content will be blasted out on ESPN’s new sports betting show “Daily Wager.” “Daily Wager” launched in March as a daily program on ESPNews airing at 3 p.m. — also available for streaming on the ESPN app. Key to the deal is Caesars’ “data” and branding to be integrated across ESPN’s programming. This includes Caesars serving as “ESPN’s…

Borgata online sports betting is up and running after the launch of its own sports book. The site will complement the company’s casino and poker offers. The Borgata President & Chief Operating Officer Marcus Glover recently said “We are excited to launch BorgataSports.com. With our customers in mind, we have delivered the ability for existing BorgataCasino.com and BorgataPoker.com account holders to use their current credentials to sign in and access all platforms, allowing for a seamless transition between products.” Borgata now allows customers to enjoy the full portfolio of betting products online, including on mobile devices and tablets. The company…

The state of Iowa regulates sports betting after Governor Kim Reynolds signed proposed legislation on Monday which authorizes gambling on college and professional sports. Lawmakers had approved the bill on April 22, and the proposed law was only awaiting the governor’s signature to become effective. There are now eight states in addition to Nevada that have introduced full-scale legalized sports gambling and opened sports books ever since the United States Supreme Court voted in May 2018 to allow states to pass their own laws either allowing or prohibiting betting on professional and college sports. Iowa’s legislation allows residents 21 years…

The bill that will regulate Colorado sports betting has passed through the state Senate and will sits on the desk of Governor Jared Polis. The bipartisan measure, will decriminalize gambling on sports as of May 1, 2020, if signed, and become a ballot measure in Colorado in November. The vote will give citizens the final say in whether the activity is legalized or not. Citizens of the state get the last say on this issue due to Colorado’s legal landscape which includes a Taypayer Bill of Rights. This requires that citizens must approve any tax increase. The state would tax…