This Week in Gambling

It’s our first update on sports betting in the US, as well as online poker and internet casino games for 2020! Discussion includes both poker and betting on sports in California, plus current sports betting information from Maine, Colorado and Washington. Also, the possibility of online poker in Nebraska and Kentucky! Howdy y’all! And welcome again to This Week in Gambling where we have several major industry headlines, including updates on sports betting in the US! So let’s get right into it with this week’s big story! The state of California has the largest population in the country. As such…

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Nebraska online poker is set to regulated if the new “Games Of Skill” Act passes through the state legislature. The Act would legalize certain games of skill such as sports betting, daily fantasy sports, and poker. The “maybe” of online poker is due to the bill not specifically mentioning the internet at all. But the office for the bill’s sponsor said the intention is to include online gaming. The bill doesn’t categorize all poker games as games of skill, but does define skill-based games as “draw poker” games like five-card draw and “community card” games like Texas Hold’em and Omaha….

The approach of Colorado sports betting has seen more than 50 license applications since November, which could pose a problem since the state only plans to issue 33 licenses total for physical and online sports books. Voters narrowly passed  the sports gambling measure to regulate the activity in November. The first licensees are expected to be approved in February, though they won’t be able to take bets until Colorado’s new sports gambling law goes into effect on May 1. Casinos will be taxed 10% on net proceeds, which will primarily be funneled to Colorado’s water plan. The state expects to…

As part of their overall plan to grow their American presence, a DraftKings Las Vegas office has opened. The fantasy and sports betting operator Las Vegas facility will host about 300 employees, including customer support, fraud, casino, sports book traders, human resource and IT personnel. The move comes after DraftKings last month agreed a deal to be acquired by a special purpose acquisition company alongside betting and gaming technology provider SBTech. As part of this transaction, the business agreed be reincorporated in Nevada. Since October 2018, DraftKings said it has seen a 40% increase in its overall employee headcount, while…

A bill to regulate Kentucky sports betting has passed through a state House committee with an 18-0 vote and has excellent odds to clear the full chamber. House Bill 137 would establish a framework in the state to legally bet on sport events and play online poker and fantasy sports. Twenty states have now legalized sports betting. Kentucky sports betting bill sponsor Rep. Adam Koenig pointed out that the state is “largely surrounded” by states that have already taken that step to tap into some of the estimated $150 billion of illegal sports wagering in the country each year. “It…