Tag: sports betting
Iowa Sports Betting Passes Senate
An Iowa sports betting bill was advanced by lawmakers through a crucial Senate committee last week, setting up a likely vote before the entire chamber in the coming days and pushing legal wagering on step closer to fruition. Following the recommendations of a three-person subcommittee meeting earlier this week, the Senate Ways and Means Committee passed SF 366, which would allow licensed riverboat casinos and racetracks to take wagers on sporting events. More significantly, it allows third-party online vendors into the market, drastically expanding the potential for betting on sports in Iowa. If passed, Iowa could become just the seventh…
New York Sports Betting Moves Forward Without Mobile
New York sports betting plans do not include mobile bets for the state’s 2020 budget. However, legislators have included a number of reforms and initiatives for other forms of gambling. Agreed upon by Governor Andrew Cuomo and legislative leaders in the state, the budget sets out spending plans for $175.5bn (£134.6bn/€156.7bn) for the next 12 months. However, the approved budget does not include any language related to mobile sports betting, despite Senator Joseph Addabbo’s efforts to have it included in the final document. New York sports betting plans will still move forward with regulate in-person wagering, with preliminary talks on…
Rhode Island Mobile Sports Betting Nears
Less than a year after launching two retail sports books, Rhode Island mobile sports betting is ready to launch. Governor Gina Raimondo signed into law S 37, a bill adding mobile Rhode Island sports betting to the state’s lottery-run operation. Raimondo also spurred the start of Rhode Island’s sports book operations last year by including sports betting revenue in her budget. Rhode Island sports betting is legal at the state’s two casinos: Twin River Lincoln and Twin River Tiverton. Those casinos both opened their sports gambling operations in 2018 and plan to expand into permanent space this year. Twin River…
New Hampshire Sports Betting to Senate
New Hampshire sports betting is a step closer to reality after a bill that would legalize the activity advanced to the Senate. The New Hampshire House of Representatives has passed an amended version of House Bill 480 by a vote of 269-82, with the bill now moving forward to the Senate for further discussion. Should the bill come into law, consumers would be able to place bets at various retail locations across the state, as well as via online and mobile platforms. The New Hampshire Lottery Commission would be responsible for regulating the market. The current version of the New…
The NCAA Sports Betting Shift
A shift is occurring in the NCAA sports betting relationship. After decades of resistance to legalized gambling on sporting events (with six years as the lead plaintiff in the lawsuit against New Jersey that eventually made its way to the Supreme Court) the NCAA is moving to address sports betting integrity in new ways. “Sports wagering is going to have a dramatic impact on everything we do in college sports,” said NCAA executive Mark Emmert at the organization’s annual convention in January and first reported by the Associated Press. “It’s going to threaten the integrity of college sports in many…
Online Gambling and Sports Betting Continue to Rise
Despite the best efforts of special interests (Sheldon Adelson) and the Department of Justice, online gambling and sports betting continue to expand across America. This week we look at how that expansion is not just in the the regulatory arena from state to state, but also on the business side of things. Professional sports leagues are partnering with gambling companies, and most recently television networks like ESPN and Fox Sports are expanding their programming to cash in on our industry. This week’s special offer is for the Royal Panda casino.