The hearings will focus on several bills that aim to regulate betting on sports events, including one filed by Republican Gov. Charlie Baker that could bring in an estimated $35 million in state revenue each year.
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House Bill 194, a bill that would make it legal to wager on sporting events in Ohio, was changed to make it harder for laundered money to get into the gambling industry. It also was changed so that Ohio doesn't violate the Wire Act.
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All’s fair in love and war or, as English writer and courtier John Lyly put it in his romantic novel Euphues: “Anye impietie may lawfully be committed in love, which is lawlesse.” We can’t be certain that’s where Rivers Des Plaines Casino looked for reassurance or inspiration when it decided to take on DraftKings and FanDuel over the right to offer sports betting in Illinois.
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No matter where you place a bet, read the rules carefully first. Here’s one very sad tale to learn from.
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Since New Jersey became the first new state to authorize sports betting, more than a half-dozen states followed our lead. And while other states had their heads in the right place, the manner in which they authorized sports betting has led to less than expected results.
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Sports gambling in Iowa still isn't reality, but we're inching closer to that changing. It all hangs on an official ruling from the Iowa Racing and Gaming Commission. But before that's approved, casinos are already rushing to get ready.
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American sports bettors may end up paying the price of high licensing fees and taxes as new U.S. states open up sports betting.
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The state is eyeing a sports betting industry that will generate $254 mm in annual, taxable gaming revenue. That comes from a projection that the state’s 21-and-over population of 4.95 mm and about 3.52 mm of-age tourists will generate, on average, $30 in gross gaming revenue annually.
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West Virginia’s sports bettors may soon be back betting on the fly as a DraftKings mobile app grows closer to receiving official launch approval.
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If sports leagues are going to ask for a sports betting integrity fee, then they need to address bad calls and officiating in general.
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Legal sports wagering is officially on its way to the Hawkeye State. Iowa Gov. Kim Reynolds has signed legislation passed in late April to allow betting on select college, professional and fantasy sports games through Iowa's 19 casinos and other licensed national services starting before the fall football seasons. An exact start date has yet to be announced.
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The ink on the bills for sports gambling in the legislative session hasn’t had a chance to dry. But, legislators in Louisiana are already preparing to move forward. The Louisiana House has several propositions floating around on how to spend the anticipated profits from sports gambling
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