Some Wisconsin State legislators have floated the idea to amend our state constitution to allow internet sports betting. If amended, it will open the proverbial can of worms. “If you all thought 2019 was an exciting time for sports betting, then buckle up, because 2020 promises more action both on the field and behind the scenes as our industry continues to develop at a frantic pace. 2020 could possibly go down as the year a single state achieves a $1bn...
The line for the ticket windows at a Rhode Island casino’s sportsbook stretched to the door on one afternoon last month. “This happens pretty much every Monday,” said Craig Sculos, vice president and general manager at Twin River Casino Hotel. This could be the scene in more states in the years ahead. Legalized sports betting has caught on quickly since a U.S. Supreme Court ruling in 2018 allowed for it to be legalized in every state; 2020 will be a...
Everything about the gambling industry is dishonest. Daily Fantasy Sports was always about legalizing online sports betting. The parent company of the Live! Casino group is partnering with FanDuel to bring sports betting and daily fantasy sports (DFS) to its gaming and entertainment properties across the country. Live! Casino Group Partners With FanDuel for Sports Betting Operations
A ban on the sale of lottery products in check-cashing outlets, which serve unbanked, low-income people is a good start. The government is basically selling hope for a dollar. Because low-income people purchase a disproportionate amount of the lottery games, this has the effect of pulling money away from low-income people and out of their communities,” the report continued. Decrying Lottery’s Impact on the Poor, Bronx Beep Calls for Reforms
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...
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