The age old argument: everyone else is doing it, so should we. This is one of the best examples of lazy legislating while kicking the can to our future generations. Gambling is a form of financial fraud. Government should not be complicit in winning from the losses of the very citizens they are elected to protect. We are a society full of addictions largely because of failed government policies. Thankfully, this would require an amendment to our state constitution, and...
Remember, gambling creates no new wealth. Money spent on wagering has no multiplying factor in the local economy. It is simply subtracted from money that would otherwise be spent on things like food, clothing and healthcare needs. “The Indiana Gaming Commission (IGC) released monthly figures showing the state’s sportsbooks and sports betting applications accepted nearly $91.7 million in wagers for October. That’s up more than 160 percent from its September handle of $35.2 million.” Mobile Apps Lead to Huge Jump...
State lawmakers have worked over the past decade to bring various forms of gambling out of the shadows and onto the tax rolls, from legalizing video poker at bars and restaurants in 2009 to authorizing sports betting this spring. But the latest turn in a sprawling federal probe into public corruption from Chicago to Springfield has shined a light on a type of gambling that has flourished in a gray area of the law. https://www.chicagotribune.com/politics/ct-gambling-expansion-federal-corruption-probe-20191104-5agdjbh3azfabfhxhtmvudjtxy-story.html?fbclid=IwAR3090z2NT10fJ1dMddJ3Z9SOAKYmgWZdmlWsdaSFYILVXdUvb824cGxPFQ
Google is getting ready to change its advertising policies around the evolving U.S. gambling landscape. The company plans to ease up on online casino advertising and get rid of a sweeping ban on the industry, according to an report from EGR. Earlier this month the tech giant updated its gambling and games policy, stating it will allow sports betting ads in Indiana, Iowa, Montana, Pennsylvania and Rhode Island. Google had previously lifted the ban for Nevada, New Jersey and West...
Neighboring states are jumping on it, but you won’t be placing any wagers on your favorite teams any time soon in Wisconsin. State Senate Majority Leader Scott Fitzgerald says sports betting would require a change in the state’s compact with Indian tribes that operate casinos. “The way they were negotiated by Governor Doyle with the tribes, I don’t think it’s something we can simply implement in Wisconsin. That’s why there hasn’t been much talk about it in our state.” https://wsau.com/news/articles/2019/oct/28/sports-betting-unlikely-in-wisconsin/951536/?fbclid=IwAR3l7PRIFvtB3Q3qg5FwrUppYo8Z0J-VdMhbprMeQ74wO5gucmZXS9VllvY
What happens when tens of millions of fantasy-sports players are suddenly able to bet real money on real games? We’re about to find out. Just how much did it catch on? Today, roughly 60 million people in the U.S. and Canada play fantasy sports. India has 100 million players, with cricket the most popular sport. Here, the most popular sport is football — and the new NFL season is getting underway, just so you know. But you can also play...
From the Desk of Ernie Goss Located in 24 states, 515 commercial casinos in 2016 collected $8.9 billion in taxes on $40.0 billion in gambler losses for an average tax rate of approximately 23%, or roughly triple the average sales tax rate. Eleven of the 24 casino states devoted casino tax collections to education spending, while the remaining 13 states dedicated the taxes to a wide array of state and local spending projects. Table 1 shows how casino states differed...
But while some Wisconsin lawmakers on both sides of the political aisle are open to the idea, which could bring more tax revenue to state coffers, placing a legal wager in Wisconsin could be years away and involve a series of complex measures. It would first need to be approved by the Assembly and Senate in two consecutive sessions and would then need to be approved in a statewide referendum in order to change the state’s constitution. https://madison.com/wsj/business/sports-gambling-inches-closer-to-wisconsin-but-its-legalization-in/article_c12028d8-0e88-5fb9-ae97-b4d6f6c539df.html?fbclid=IwAR18oNp7k-ygMLzS0IrvPMsDo3H8IeFcWf0W1iR5nyfq7SGqPBT-FAoiESo#utm_source=madison.com&utm_campaign=%2Femail-updates%2Fbreaking&utm_medium=PostUp&utm_content=8f08ea8184c2285643b56038b37d3fcfe6790229
Kathleen Pasch says she always intended to pay back the money she is accused of taking during her time as treasurer of the Black Creek Rescue Service. But that didn’t happen, authorities said. The 60-year-old woman is charged with stealing more than $100,000 from the service to support her gambling addiction, according to a criminal complaint filed last month in Outagamie County. Pasch isn’t the first person with access to company funds to face charges for taking money to finance...
A must read – keen insight to the gambling industry. The winners are the operators and government at the expense of the citizens. By Jason Grotto / Pro Publica Illinois Owners of one of Illinois’ largest video gambling companies are behind efforts to influence city politics, expand gambling and build a casino near land they control. The first and only official truck stop in Waukegan sits on a lot so small that a tractor-trailer would have a hard time pulling...
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