Tag: sports betting
State Regulation of Sports Betting is Best Bet
The state regulation of sports betting is a better option for America. That is what Sara Slane, senior vice president of public affairs at the American Gaming Association (AGA), stated in testimony before the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations, “Post-PASPA: An Examination of Sports Betting in America,”. She emphasized that federal oversight of sports betting is unnecessary in ongoing efforts to create effective legal sports betting markets in the United States. Highlights of Slane’s opening remarks include: “Because of the active, robust state and regulatory tribal gaming oversight, gaming is one of the most strictly…
Sports Betting Reviewed by Congressional Subcommittee
U.S. sports betting is set to be “reviewed” by the Congressional Subcommittee on Terrorism, Homeland Security and Investigations on Thursday in Washington D.C. How’s that for getting your attention? We’re also looking at a huge mistake that cost the FanDuel sportsbook over $80,000. This week’s special offer is for the Heavy Chips casino.
AGA to Testify Before Congressional Committee on Sports Betting
Sara Slane, Senior Vice President of Public Affairs for the American Gaming Association, has been invited to speak before a Congressional Committee on Sports Betting. Ms. Slane will provide testimony on behalf of the gaming industry, highlighting the AGA’s core principles for legalized sports betting. The House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations announced earlier that they will be holding a hearing titled “Post-PASPA: An Examination of Sports Betting in America” on Thursday, September 27th at 10:00 a.m. EDT. Information on additional witnesses for the Committee on Sports Betting hearing has not yet been finalized, but it…
Federal Sports Betting Regulations Proposed in US Senate
Senate Minority Leader Chuck Schumer (D-N.Y.) became the latest member of Congress to put forth specific suggestions for Federal sports betting regulations in a memo first provided to ESPN. Schumer’s suggestions include the idea that all sports books only use official league data to determine outcomes and that the sports leagues themselves should be involved in determining what bets would be accepted. Schumer also suggested leagues would have to reasonably step up monitoring, but did not mention so-called “integrity fees,” the idea that leagues should be paid a portion of bets on their sport as compensation for ratcheting up security…
West Virginia Sports Betting Launches
West Virginia sports betting has become the latest launch of the legalized activity, with a local politician stating its law can be a model for others to follow in the United States. The official opening ceremony for the sports book at Hollywood Casino at Charles Town Races in Jefferson County is set for Saturday, to time with the start of the college American football season, but a soft opening was made yesterday (Thursday). “We have really done it right in this state and certainly Pennsylvania and others, if it’s going to be successful in their states, they need to look…
College Athletics Looking for Cut of Sports Betting Action
Concerned that expanded sports betting will bring additional costs for ensuring their games are on the up-and-up, college athletics departments are looking for a way to get a piece of the action. A U.S. Supreme Court decision in May allowed states across the country to join Nevada in having legalized sports betting. Since then, sports books have opened in Delaware, Mississippi and New Jersey. A West Virginia casino is set to take bets within two weeks, with other states not far behind. College athletics in states where legal wagering has started or soon will are considering joining professional sports leagues…