Despite a quartet of proponents that included daily fantasy giants DraftKings and FanDuel, MGM Resorts International, and the Boston Red Sox, a push for legal sports betting in Massachusetts ended Wednesday night.
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BetAmerica is the latest online gambling operator to stake out its turf in Michigan. In a press release issued Wednesday, the company announced that it will enter the market through an alliance with the Hannahville Indian Community and its Island Resort & Casino.
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The Massachusetts House passed a $459 million economic development bill Tuesday night that includes funding for nonprofits affected by the coronavirus pandemic, local projects and language legalizing sports betting.
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Massachusetts, one of a number of states that face a budget black hole due to the COVID pandemic, is considering taking the fast track to legalized sports betting. The move would see much needed revenue feeding back into state coffers which have been impacted badly by the health crisis
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As lawmakers solicited ideas to accelerate the state’s economic recovery, a Boston Red Sox attorney made a push to get a sports betting legalization bill passed before the end of the legislative session this month.
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Golden Nugget revealed its partner on Thursday, joining forces with the Keweenaw Bay Indian Community to offer online casino games and sports betting. The company previously teased its entry but did not disclose the partnership at that time.
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There was likely a collective sigh of relief released by sports betting operators across the country on Wednesday morning when Virginia Lottery Executive Director Kevin Hall said these words: “It’s safe to say that we won’t.” The “won’t” refers to requiring prospective operators to keep a 10% hold on sports betting revenue, similar to what neighbor Tennessee will do. Hall referred to the practice as “controversial” and said “that by guaranteeing a 10% hold, it makes the odds worse” and encourages consumers to continue to bet offshore.
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Two years of sports betting regulatory turf wars across the United States has produced several species of legal sportsbooks. There’s some shared DNA, but the quantity and quality of sportsbooks varies wildly among jurisdictions, with their ecosystems created unequally and the logic behind them disparate.
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There are 11 steps before the Washington State Gambling Commission can roll out regulations
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July 15 is the first of two red-letter dates for anyone with an interest in legal Virginia sports betting. The state’s Lottery will roll out proposed regulations at its July 15 meeting and, as required by law, 60 days later it will vote on those regulations in anticipation of getting licensed systems up and running by early 2021.
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California Indian tribes, hoping to qualify a sports betting initiative state’s 2022 ballot, have until the middle of October to finish the signature collection process that was upended by the coronavirus pandemic.
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Even the glaring need for additional sources of tax revenue wasn’t enough to get casino gambling or pari-mutuel betting on horse racing over the finish line. A new player in the gambling debate, sports betting, also fizzled during the session’s final days.
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