A new report has revealed that about 20% of adults in America have bet on sports in the past twelve months. But that doesn’t mean that all those bets have been legal, according to the Pew Research Center located in Washington, DC. The report was compiled from a survey of over 6,000 adults in the US, and finds that in addition ta making legal bets online and through a mobile sports betting app, people were still visiting casinos and making the occasional friendly wager with family and friends. That could include things such as a workplace betting pool and fantasy…

The real world costs of operating US sports betting in a fully legal market were given special attention by Joe Asher, CEO of William Hill US, during last week’s GiGse conference in Miami. Asher was speaking as part of a panel that was tasked with examining how transforming legal betting on sports might be for the US gaming landscape. Explaining some of the cost implications, he told delegates: “I’d like to drill down a little bit more on tax rates to help explain it. There’s a quarter point handle on the tax from the IRS that partially translates into five…

To place a bet on sports is an age-old tradition in some circles. Betting on sports online? Not so much. The relatively new form of online gambling has only fairly recently come into fruition, bolstered by several offshore operations in Costa Rica, Panama and other countries around the globe. It’s a lucrative business, but many international betting sites have opted out of given the legality of online sports betting in the United States.  In 2011, the U.S. Fifth Circuit Court of Appeals ruled that the Interstate Wire Act of 1961 solely prohibited wager transmissions in conjunction with sports betting, excluding…