Lottery is a game in which a participant pays a small amount of money which gives him/her an opportunity to get an ultimate prize. The amount raised by different participants is used to award the ultimate winner, to cater for the administrative expenses and the remaining amount of money is the profit that the organizer enjoys. The American lottery culture is not exclusive, for lotteries are practiced in very many countries legally. Initially, lotteries were raffle tickets which one had to buy to participate. These would take weeks for a final draw to be held. Today, nearly all states lotteries…

Washington politicians are reportedly hatching a plan to impose a moratorium on further expansion of intrastate online gambling. GamblingCompliance scribe Chris Krafcik recently reported that US federal politicians were discussing plans to introduce legislation that would call for a study of the pros and cons of online gambling. While this study was being conducted, legislators would seek a moratorium on any states joining Delaware, Nevada and New Jersey in passing intrastate online gambling legislation. The plan is reportedly seen as a more viable alternative to the Restoration of America’s Wire Act (RAWA), the Sheldon Adelson-backed legislation that would make most…

US Poker – The dust has settled from the 140th Kentucky Derby. California Chrome celebrated in the winner’s circle on Saturday. Bettors that picked California Chrome to win took home $2.50 for every $1 bet.  Many other wagers were placed on the annual betting tradition. Churchill Downs held a large portion of the action. Win, place and show bets saw a 17.5 percent hold. Exotics had 22% taken from the prize pool. This was up from 16 percent and 19 percent in 2013, respectively. Churchill Downs booked $186.6 million in bets on Saturday across the entire race card. Winning bettors…

Daily Mail – Sixty minutes later Daniel Tzvetkoff and a cohort of high rollers and hangers-on were partying in the Palm Hotel’s Playboy Mansion Suite. Tzvetkoff swigged Cristal champagne straight from the bottle and lounged in the infinity pool. Naked girls snorted cocaine off each other’s breasts and invited him to do the same. Tzvetkoff was 25 years old. He could have anyone he wanted at the click of his fingers.  He flew by private jet, drove Lamborghinis, Rolls Royces, Bentleys, Ferraris and more and his property portfolio was worth millions. And on that September night in Vegas, 2008, he…

Forbes – Anointment of the 2016 Republican presidential nominee is far off, but one thing already seems clear: Sheldon Adelson will have the victor’s full attention. The billionaire CEO of Las Vegas Sands recently convened a meeting in Las Vegas to which likely contenders for the nomination flocked. They covet the massive scale of financial support that Adelson lavished on Newt Gingrich, and later Mitt Romney, in 2012. “Everybody knows that, behind closed doors, politicians often sell themselves to the highest bidder; this time, they were doing it in public, as if vending their wares at a live auction,” commented…

US Poker – Neteller has become the first ewallet available in the Nevada regulated online poker market.  It was introduced by WSOP.com today.  At this time, it is only available as a deposit option.  That will change in the near future when it will also be available for withdrawals.  Players would then be able to receive payouts to a debit card that would be accepted by ATM machines and merchants all over the world. Neteller is already available as a banking option for regulated gaming sites in New Jersey.  WSOP.com is among the merchants that currently accepts it there. Neteller…