Tag: sports betting
Could Fantasy Regulation Help US Sports Betting Reform?
No one has fully realized the potential that daily fantasy sports laws have opened up. Is that starting to change? So far, 12 states have passed laws that in some way legalize and/or regulate paid-entry fantasy sports. And more or are likely on the way. At the same time, there are several avenues for sports betting to become legal in the US. Those include: The possibility of the US Supreme Court finding that states can repeal their own sports betting laws, via the New Jersey sports betting case; Another state challenging the federal sports betting ban (PASPA) like New Jersey…
Most Americans Don’t Know Sports Betting Is Illegal
A new study from the American Gaming Association says that six in 10 Americans don’t realize sports betting is a legal activity in just the state of Nevada. Greenberg Quinlan Rosner Research found that just 38 percent of respondents “recognize that it is not legal in most of the nation.” A 1992 federal law limits traditional sports betting to the Silver State (Delaware has limited sports betting in the form of parlays). The AGA is pushing for that antiquated law to be replaced or repealed, as there are now Las Vegas-style casinos in about 80 percent of states. The study…
Pennsylvania Eyes Legalized Sports Betting
Pennsylvania has moved closer to the introduction of a legalised sports betting market after the Gaming and Oversight Committee in the US state’s House of Representatives voted to move legislation forward. Introduced in February, House Bill 519 would enable Pennsylvania to legalise sports betting activities, pending federal authorisation. The bill passed with a unanimous vote of 24-0 and will now move on to the full House for consideration. Measures set out in HB 519 include Pennsylvania-based casinos that already hold a licence to offer slot machines being able to apply to offer sports betting. The licence fee would be set…
Trump Would Speak to League Commissioners about Sports Betting
Hours before the Super Bowl on Sunday, President Trump was interviewed by longtime TV and radio personality Jim Gray on a variety of topics – including sports betting. Gray referred to a recent American Gaming Association recent analysis on the volume of sports betting on the big game. “You know quite a bit, as a former casino owner, and you have a particular insight — today an estimated $5 billion will be wagered, $4.8 billion, unregulated and untaxed illegally,” Gray said. “What is your position and thoughts on making sports gambling legal nationwide?” “Well, what I’d do is I’d sit…
NBA Fantasy Sports Supported by League
The support of NBA fantasy sports looks promising, as the league has agreed a multi-year deal with sports entertainment company PlayON to launch daily fantasy sports (DFS) contests in regions around the world. PlayON will serve as the official daily fantasy partner of the league in a selection of major markets in Europe, Latin America and Asia. The partnership will cover the launch of DFS competitions in France, Germany, Italy, Spain and the UK in Europe, as well as Argentina, Brazil and Mexico in Latin America and Australia, Japan and the Philippines in Asia-Pacific. The free-to-play games, which will launch…
Baseball Commissioner Willing to Discuss Sports Betting
Rob Manfred, commissioner of North America’s Major League Baseball (MLB), has said he would be prepared to hold further talks over wider legalisation of sports betting in the US. Nevada is the only US state in which wagering on sports is legal, but a number of other states have introduced legislation that could legalise the sector. However, plans have been met with a mixed response from professional leagues in the country. National Basketball Association commissioner Adam Silver has said he would be open to the idea of expansion, while NFL American football league chief Roger Goodell last week reiterated his…