The UK embraced online gambling in 2005 - here's a glimpse of the devastation online gambling will have here in the US. A report recently released in the UK shows that there is an urgent need for action. The online gambling industry is an industry that makes more than half of its profits from those at risk and problem gamblers and is itself addicted to addiction – needing to generate more addiction to generate more profits. https://www.respublica.org.uk/our-work/publications/online-gambling-addicted-to-addiction/
‘Improvements in monitoring and enforcement’ “Parts of the legislation I will be proposing are improvements in monitoring and enforcement that will benefit all stakeholders, sportsbooks, regulators, governing bodies and consumers,” Hatch said. https://www.legalsportsreport.com/23265/hatch-sports-betting-bill-in-congress/
FanDuel Group wasted little time taking advantage of the market created by the Supreme Court’s decision to legalize sports betting. https://www.bizjournals.com/newyork/news/2018/08/28/fanduel-group-is-quick-out-of-gates-on-gambling.html
“Paddock’s liquid wealth declined before the shooting. Authorities analyzed Paddock’s finances and determined that he lost nearly 75 percent of his wealth in two years. In September 2015, his bank accounts totaled over $2 million, according to the report. By contrast, that amount dropped to just over $500,000 in September 2017. More than $600,000 was paid to casinos, $170,000 was paid to credit card companies and $95,000 went to gun-related purchases, the report said. Lombardo told reporters today that Paddock’s...
The NCAA announced it will create a working group of "subject matter experts" to assess areas such as officiating, NCAA rules, federal and state laws, and the use of integrity services. NCAA leadership has already called for federal regulation on sports betting. NCAA rules prohibit sports wagering by athletes and athletic department employees. https://www.ksl.com/?sid=46363687
4 reasons NOT to buy a $522 million Mega Millions ticket Lottery jackpots are overwhelming played by low-income Americans, studies show. In fact, the lottery jackpot only becomes “progressive” — meaning that high earners spend more on tickets than more than low earners — when the jackpot is at least $806 million or more, according to this study by Emily Oster, currently a professor of economics at Brown University. https://www.marketwatch.com/story/is-this-1-billion-scratch-card-game-a-new-high-or-low-for-us-lotteries-2017-05-12?mod=newsviewer_click
The New York Times wrote a must-read story about the topic of sports data and how it will be essential to any modern government-sanctioned sports gambling gambling scheme. https://www.nytimes.com/2018/07/02/sports/sports-betting.html
We finally have a better idea of how a DraftKings sportsbook is going to happen in the US. Kristian Nylén, Kambi Chief Executive Officer, said: “I am delighted Kambi has been selected to partner DraftKings as it enters the sports betting market. “The Kambi technology is unique in that it empowers operators to innovate and create differentiated sports betting experiences, providing the flexibility which will be crucial in the developing U.S. market.” The deal will also apply in other states...
Facebook actually was in the online casino space in 2012 with a third-party developer called Gamesys (that) launched Bingo Friendzy using cash for the first time instead of the popular virtual-goods purchases in other gaming apps like Farmville," Sandler said. "This trial didn't really get very far, but structurally everything is in place for users and developers to leverage Facebook as a gaming and sharing channel when online betting goes live. https://www.investors.com/news/sports-gambling-stocks-esports-activision-tencent-facebook-media/
State officials from California to Connecticut spent last week maneuvering for control of the tens of billions of dollars in projected revenue from sports betting, and joining them was another group of powerful, and familiar, gambling operators aiming to claim their piece of the action: American Indian tribes. https://www.nytimes.com/2018/05/21/sports/sports-betting-indian-casinos.html
- Ho-Chunk receives approval for Beloit casino (UPDATE)
- Beloit Group Holds Meeting in Opposition of Casino Project
- Revealed: Betting firms were granted access to database of 28 MILLION children and used it to boost number of young gamblers by up to 15% in one of Britain’s biggest ever data breaches
- “Given the minor contribution of gambling revenues to state budgets, officials might be better advised to rely on broad-based revenues and spending controls rather than the relatively paltry revenues from legal gambling.”
- IGT’s Charles Cohen: ‘2020 will be the year of tribal sports betting’