At an informational session on Kansas sports betting on Tuesday, a representative for Kansas Entertainment, LLC, a subsidiary of gaming conglomerate Penn National Gaming, expressed opposition to Major League Baseball and the NBA’s positions regarding sports wagering. He wasn’t afforded much time to speak, but in the full written testimony of Whitney B. Damron on behalf of Kansas Entertainment, he absolutely shreds the provisions on data and fees and control that the leagues have been pushing in an expansive lobbying effort spanning 10-plus states weighing sports betting legislation. The leagues have been pushing a “Model Sports Wagering Act” (the “Act”)…

Sports betting was legal in only five states in the US at the start of the year but that is about to change as soon as March the 15th 2018. Two states namely New York and West Virginia recently passed bills to make sports betting legal effective as soon as the federal ban on sports betting outside of Nevada is lifted meaning an opportunity has risen for start-ups to acquire software for bookies and start their online sportsbooks while the general populace of the two states now join sports bettors in other parts of America in getting the best sportsbook…

The American Gaming Association (AGA) estimates that March Madness betting will exceed $10 billion on the upcoming 2018 NCAA men’s basketball tournament. Of that $10 billion, only about $300 million – or three percent – will be wagered legally through Nevada sports books. Americans illegally bet at least $150 billion annually on sports, empowered by the Professional and Amateur Sports Protection Act of 1992 (PASPA), a failed federal prohibition on single-game sports betting. Illegal wagering is often done through bookies, on illegal offshore websites, or through sports pools like popular March Madness basketball bracket pools. According to a recent legal…

West Virginia has become the latest US state to legalise gambling within its borders, following the passage of the ‘West Virginia Sports Lottery Wagering Act’. The hotly contested bill, previously known as Senate Bill 415, was signed into law by West Virginia Governor Jim Justice late on Friday evening. It places regulatory responsibility on the shoulders of the West Virginia Lottery Commission, allowing the states five gaming facilities to offer sports betting on pro and collegiate sports, subject to a 10% taxation rate on their gross gaming revenue. The state becomes the sixth state to legalise sports betting, following in…

US Sports betting in states outside of Nevada may be nearing reality. But that doesn’t mean it will be a business success. Even as major professional sports leagues like the National Basketball Association open their eyes to the multibillion-dollar opportunity with the sports wager industry, their ideas on how to get a piece of the action may impede the ability to attract gamblers away from illegal betting and offshore markets. The NBA, in particular, is being “short-sighted” in requesting a 1 percent cut on all bets, says Twitter v.p. of Analytics Jeff Ma. Ma, who was one of the leaders…

Wagers might generate between about $9 million and $61 million in state tax revenue if lawmakers decide to make Massachusetts sports betting legal, the Gaming Commission said Thursday in a white paper that mapped out how the Legislature might think about introducing another new form of gaming in the Bay State. Massachusetts, like many other states, is waiting to learn if the U.S. Supreme Court will strike down any or all of the Professional and Amateur Sports Protection Act, which limits which states can offer legal sports betting. A decision in the case Christie v. National Collegiate Athletic Association could…