The NBA Playoffs are in full swing, and fans all over the country are gearing up for an abundance of  Charles Barkley FanDuel advertising. The former Philadelphia 76ers power forward and legendary NBA Hall of Fame player has teamed up with the sports book for their latest promotional campaign called “Think Like a Player.” The ads aim to encourage bettors to try their luck with same-game parlays. The commercials feature two versions of Barkley – the current outspoken NBA analyst at TNT and his younger self, affectionately known as “Young Chuck.” Together, they impart their wisdom on how to approach…

Governor Andy Beshear has signed House Bill 551, making Kentucky sports betting legal. The bill passed the Senate earlier that day by a 25-12 vote, despite facing long odds on the last day of the legislative session. The law allows for in-person and online sports betting at Kentucky Speedway and the state’s nine horse racing tracks, with a $500,000 upfront fee and an annual renewal cost of $50,000. Participating tracks can contract with up to three service providers for sports wagering services, giving Kentuckians up to 27 sportsbook options. Service providers will have to pay $50,000 for an initial license…

Two bills to expand legal gambling and usher in Texas sports betting have cleared a House committee, representing more progress than they made in the last legislative session. The House State Affairs Committee approved legislation that would let voters decide whether to legalize casinos and online sports betting. House Bill 2843 would permit casino gambling in Texas and House Bill 1942 would legalize online sports betting. If approved by voters, the casino bill would allow eight destination resort casinos in Texas, and sports betting would be allowed under the casino bill. However, the bills still face long odds in the…

Sports betting in Maine has not yet gone live, and it is expected to take at least six more months. While the state’s Gambling Control Unit continues to draft rules for how wagering will operate, the head of the commission, Milt Champion, is urging interested sports betting providers to apply for licenses as soon as possible. He is worried that delaying the process of applying for licenses could further push back the estimated launch date of sports betting in Maine. Although the provisional applications for sports betting licenses were made available on February 14, no applications have been submitted yet….

Last week, NFL owners voted to allow betting on NFL games at sports books located inside of stadiums, while the game is being played. This change is expected to go into effect at the beginning of next season. Currently, the Washington Commanders are the only NFL team with a physical sportsbook located within their stadium premises. The Arizona Cardinals, New York Giants, and New York Jets all have sportsbook  located just outside of their stadiums gates. Now, the changes to the rules could prompt teams such as the Cleveland Browns to switch their focus from betting lounges to an on-site…

March Madness in wrapping up. Baseball season is just getting started. That means tax season is here. When it comes to gambling and taxes there are some wide spread misconceptions. According to the American Gaming Association, March Madness is causing a nationwide betting frenzy, with nearly 70 million adults expected to wager up to $15.5 billion this year. However, a survey conducted found that 62% of taxpayers are uncertain about how to report money won from sports bets and gambling. According to that study, conducted by Jackson Hewitt Tax Services, 48% also falsely believe that cash winnings from sports bets…