When the Supreme Court ruled to permit states to offer sports betting an opportunity for horse racing to capitalize and grow emerged. But, are race tracks poised to profit from their advantage?
Read More . . .According to a report in Bloomberg, gamblers may not be able to place bets via a credit card, since the largest credit card issuers – including JPMorgan Chase, Citigroup and American Express – don’t allow it. But that doesn’t mean they aren’t paying attention to the ruling.
Read More . . .On May 14, 2018, the sports betting prohibition era ended, with a resounding Supreme Court decision that struck down PASPA and set the country on a path to widespread legal sports betting. Here is a look back at some memorable moments from the past three decades in American sports betting.
Read More . . .For sports leagues and gambling industries, the imminent expansion of legalized sports betting promises a bonanza. For the experts and organizations already concerned about pervasive problem gambling, it promises a whole new roster of worries.
Read More . . .There’s an amendment on the ballot in November that will potentially put any decisions about gambling expansion in the hands of voters, but if that amendment passes, the odds for sports betting become more complicated.
Read More . . .The anticipation of legal sports gambling throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in a market worth billions.
Read More . . .Every departure from normal procedure would be under scrutiny. For example, NASCAR runs all its races in stages now, with caution periods at the end of a stage giving teams an opportunity to pit for tires, fuel and adjustments.
Read More . . .Horse racing has been struggling for years to regain a strong footing on the national sports landscape, and owners hope to use betting on other sports to bring fans back to the tracks.
Read More . . .Bill Bradley was one of the sponsors of the legislation that became the Professional and Amateur Sports Protection Act of 1992, and, not surprisingly, he is upset with the Supreme Court’s ruling that cleared the way for expanded sports gambling.
Read More . . .Churchill Downs, the publicly traded racing and gaming company behind the Kentucky Derby, agreed on Wednesday with Golden Nugget Atlantic City to get into the New Jersey legal sports betting and online gaming markets.
Read More . . .Pa. is ahead of several other states when it comes to possible implementation, since laws allow sports. However, those laws call for a tax rate of a whopping 36 percent
Read More . . .For decades, sports betting has been illegal in the US outside Nevada. With a Supreme Court ruling Monday, that’s about to change, likely before the upcoming NFL season kicks off.
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