Tag: sports betting
Puerto Rico Sports Betting Looks for April Launch
A key piece of legislation from 2019 will allow for the regulation Puerto Rico sports betting starting later this year. That legislation was amended last year to permit the activity and signed into law by Governor Vázquez Garced. Hope is that betting on sports will create additional tax revenue and jobs. However, the Puerto Rican Gaming Commission notes that the law must be updated to include the amendments made late last year. Still, the hop and expectation is that hope is that Puerto Rico sports betting will launch by April. Under the new law, wagers on sporting events would be…
US Sports Betting to Top $3 Billion This Year
Earnings from the regulated US sports betting market could be over $3 billion for 2021. This according to a report from VIXIO Gambling Compliance. The same report estimates that up to 14 additional states regulating the activity this year, and that the market could generate over $10 billion by 2026. Their report comes as New York Governor Andrew Cuomo changes course on his opposition to mobile sports gambling, opening the door for the regulation of the lucrative market there. It also could take a significant share out of New Jersey’s betting market. Sara Slane, former official with the American Gaming…
Virginia Online Sports Betting by Super Bowl?
Virginia online sports betting is growing ever closer to launch, and hopes are that wagers could be placed by residents even before the Super Bowl! Estimates are that the market could wager over $400 million this year. Betting on sports was approved some time ago, but the state will have no land based sports books. Only online betting is permitted under the state law. Expectations are that the Virginia Lottery will green light dozens of betting websites in the state. Sites that will be able to legally accept bets from state residents on a variety of sports. However, wagers are…
A COVID Alternative for Sports Betting
The start of 2020 had a huge impact of sporting events and sports betting as a whole as the cancellation and postponement of many events led to fans seeking out alternatives – with the start of 2021 also seeming to have some more cancellations already prepared as the start of the year has begun with some lockdowns in countries such as the UK – but this does provide an opportunity for a betting alternative for punters, as much like 2020, esports continues to move from strength to strength. The big benefit has come as more familiarity has been brought to…
California Sports Betting Push Gets 1.4 Million Signatures
As we head toward 2021, the push for California sports betting is picking up steam… even if it has no hope of regulating the activity until at least 2022. The Coalition to Authorize Regulated Sports Wagering says they have gathered over 1,400,000 signatures from registered voters in the state who support the legalization of betting on sports. Although, more that 997,000 of those signatures still have to be verified. The original signature deadline was July 20th of this year but a judge extended it through December 14th because of COVID-19 related restrictions. The Constitution of the state of California regulates…
888 Sports Betting Slated for 3 More States in 2021
Three new agreements have been signed that will bring 888 sports betting to the states of Indiana, Iowa and Colorado in 2021. The Indiana operation will take place under an agreement with Caesars Entertainment at the Harrah’s Hoosier Park site, while in Iowa the license will be held by the Catfish Bend Casino. The Colorado brand will operate under the license of the Colorado Grande Casino. Yaniv Sherman, Senior Vice President Head of Commercial Development for 888 Holdings, said that “Expanding 888Sport.com into these three states represents another major milestone in our ongoing growth across the regulated U.S. online gaming…