This Week in Gambling

Amid all the recent turmoil and negative headlines surrounding sports betting, we thought we would look at the various sports league gambling policies. And we begin with Major League Baseball, who has seen a rash of bad press surrounding this issue. League Commissioner Rob Manfred recently commented on the issues and had this to say about their position on gambling, emphasizing its commitment to upholding integrity of their games in the midst of legalized sports betting. First looking to the incidents involving Shohei Ohtani’s interpreter, where Ippei Mizuhara allegedly embezzled millions of dollars from the baseball star for illicit sports…

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The NCAA has decided that college prop bets are not a good thing for sports, and they would like the states regulating sports betting to ban them all together. The collegiate sports organization is emphasizing that such wagers have detrimental impact on the integrity of their sports. Some bettors are sure to find this an over reach. However, betting on collegiate games has always been treated a bit differently than betting on professional sports. And believe it or not, a dozen states have already taken the step of prohibiting college prop bets, with Ohio and Maryland joining the ban last…

Earlier this year, NBA player gambling issues came to light. The league  imposed a lifetime ban on Toronto Raptors forward Jontay Porter, accusing him of betting on games, sharing information with gamblers, and feigning illness to manipulate a wager. Porter had appeared in 26 games for Toronto during this season, and previously played 11 games for the Memphis Grizzlies in the 2020-21 season. The investigation into NBA player gambling revealed Porter’s involvement in widespread gambling activities, a direct violation of league regulations. Allegations included his disclosure of confidential health information to an individual known to be a bettor on NBA…

This week it was announced that an infielder for the San Diego Padres has been permanently barred from the league for betting on baseball. Tucupita Marcano violated the MLB gambling policy, and four additional players received suspensions for similar actions: Michael Kelly, a reliever for the Oakland Athletics, and minor league players Jay Groome (a pitcher for the Padres), José Rodríguez (an infielder for the Philadelphia Phillies), and Andrew Saalfrank (a pitcher for the Arizona Diamondbacks). Each of the four suspended players received a one-year ban from the league, and none are contesting the action taken against them. The decision…

We’re looking at some major changes for Las Vegas slot machines, some good and some not so good. These changes will impact your jackpots, your taxes, and how the casinos pay you. Plus, are there any coin slot machines left in Sin City? Yes, and we’ll tell you where they’re hiding! Several weeks ago, we told you about legislation that was working its way through Congress that would allow players to keep more of the money they win while playing Las Vegas slot machines by raising the tax reporting threshold limit on jackpots. And believe it or not, the IRS…