Lawmakers poised to start sports betting in NY

Sports betting legislation "fever" has officially struck the iGaming industry, as the United States Supreme Court ruled in favor of statewide sports betting interests Monday by striking down PASPA prohibitions that have been in place since 1992. That could create an entirely new advertising category that radio managers might want to keep their eyes on.

"MGM Resorts International applauds the Court's decision to allow states the opportunity to protect consumers, and benefit the public by regulating and taxing sports betting".

It does not mention sports betting, which, until now could occur only in Nevada where such gambling predated the federal law.

Major League Baseball Commissioner Rob Manfred and National Basketball Association Commissioner Adam Silver have known for some time that legalized sports gambling was coming and in fact Silver has embraced the concept because it might expand the NBA's fan base.

House Minority Leader Brad Jones, R-North Reading, said tax revenue from sports betting would be good for the state budget - which has struggled through deficits since the recession - and open a new revenue stream for aid to cities, towns and schools.

Betting on gambling cash: Many people are already betting that Arizona's sports-gambling haul would be funneled into education or other pressing needs. "And I don't believe those isolated and rare incidents will increase when betting on sports becomes widely available".

Given the current size of the sports betting black market in the United States, estimated to be around $60 billion annually, it is estimated there are 44 million potential customers. The golf circuit has also engaged data and integrity company Genius Sports to monitor betting on tournaments and players. "In Alabama, sports gambling is already against the law and the Court ruling does not alter that fact".

Lawmakers poised to start sports betting in NY
Lawmakers poised to start sports betting in NY

The company had been working on a sports betting product that would let people gamble on the outcome of games or point totals - options it wasn't allowed to offer before Monday's ruling. "This is massive news that we have been expecting for some time".

Brnovich, a former Arizona gaming director, cautions that sports gambling isn't a hugely profitable business.

He lives in Oklahoma and flies to Vegas to legally place bets on sporting events for clients. Today's ruling makes it possible for states and sovereign tribes to give Americans what they want: "an open, transparent and responsible market for sports betting".

While the ban has been lifted, it is now up to the states to determine whether they will individually legalize gambling. Chris Christie as lead plaintiff in the Supreme Court case - hailed Monday's ruling and said he'd work with lawmakers to authorize and regulate sports betting "in the very near future".

Republicans Mark Blasdel of, a senator from Kalispell, and Forrest Mandeville, a representative from Columbus, both told us they might vote for a sports gambling bill if it were presented in the right way. There would also be a 1.25 percent tax levied on revenue generated from sports betting at racetracks, with those funds provided to host municipalities and counties.

There was a seven-year lull between Pennsylvania's last big move on gaming, the 2010 law that allowed table games in casinos, and last year's expansion.

Even 14-time World Series of Poker bracelet victor and Poker Night in America's inaugural King of The Hill Phil Hellmuth struck up a sports betting legislation convo with his social media followers... although the Poker Brat's observations were quickly called on the carpet by iGaming analyst Steve Ruddock.

MP Board Class 10, Class 12 Result 2018 Today
The girls performed better with 72.38% clearing the Class 12 exams a year ago , while the boys pass percentage was at 64.16. Students accessing the websites from their mobile or laptop can check the results on the official website mentioned above.


(Copyright © 2015. All Rights Reserved.)
 
Recommended

White House Declines to Condemn Aide's McCain Remark
Doug Ducey can opt to appoint a senator to serve until a special election can be held in 2020. In 1967, while flying a mission over North Vietnam, his plane was shot down.

Manyonga soars in Shanghai
The men's 800m produced a breakthrough victory for another young Kenyan, Wycliffe Kinyamal, in a meeting record of 1:43.91. South Africa's long jump sensation Luvo Manyonga proved too strong for the rest of the field in Shanghai on Saturday.

Mariners, Tigers split double dip
Mahtook's RBI double made it 4-2 in the seventh, but Seattle tied it the following inning against Joe Jimenez. Cano was struck by an 88 miles per hour fastball from left-hander Blaine Hardy in the third inning.

Hamilton wins Spanish GP by 20 seconds, Vettel 4th
After five races, we have a much better understanding of the auto , of what we need to do to get the vehicle working. There are a couple of things, as I said. "It feels nice to be on the podium and nice to have a good, clean race".

WC9 Asteroid Will Whiz Close To Earth On May 15th
But, persons wishing to see the asteroid can tune in to Slooh, the astronomy broadcasting service beginning at 4 pm Alaska time. The 2018 GE3 asteroid was discovered just one day before it skimmed past Earth in what scientists called a "surprise" flyby.

Petrol, Diesel prices hiked 48 hours after Karnataka Elections 2018
With the United States reimposing sanctions on Iran, global oil prices are unlikely to come down any time soon. A litre of Super petrol in Mombasa will cost Sh103.88, diesel Sh95.35 and Kerosene at Sh75.44.

Wilfried Zaha Reportedly Set for £50M Move
Wilfried Zaha appears set to make a sensational £50m move to Manchester City this summer. Van Aanholt went from provider to scorer to put Hodgson's side two goals to the good.

Alonso: Top teams still in "another league" to McLaren
While it is still some distance back on Mercedes, Ferrari and Red Bull, Alonso at least was able to crack the top 10. But McLaren team boss Zak Brown appears confident of retaining Alonso as part of his F1 set-up.

Avengers movies might continue, according to Disney's Bob Iger
Avengers: Infinity War opened to a whopping collection of Rs 30 crore , making it 2018's biggest opening in India. I suppose we should begin with a spoiler warning , even though it feels unnecessary at this point.

Iranian FM Zarif In Moscow To Meet Lavrov On Nuclear Deal
On Sunday US Secretary of State Mike Pompeo said Washington still wants to work with Europe to counter Iran's "malign behavior". The U.S. decision reignited the danger of economic crisis for Iran, which is now at the center of Tehran's diplomatic efforts.

VIRAL: Officer puts man in chokehold inside Waffle House after prom
It is unclear whether the officer, who has not been identified, remains on duty while police investigate his use of force. According to ABC 11 , Anthony Wall was at the Waffle House on May 5 after escorting his 16-year-old sister to prom.

Maddie Poppe sings "God Only Knows" on American Idol 2018 Top 5
Lionel begged people to vote for Maddie, and Katy gushed about how the singer had done such a wonderful song justice. The field will be narrowed to the top 3 for a two-night finale to be aired on ABC on May 20 and 21 on KCRG.

Ceremony to Honor Law Enforcement Set for Thursday
Police Week 2018 is here and FOX59 is in the nation's capitol to highlight several great events. Aaron Allan visited the National Law Enforcement Memorial to view her husband's name.

Cyprus makes it through Eurovision semi-final, favourite to win
The Czech Republic's Mikolas Josef has progressed to Saturday's final of the Eurovision Song Contest in Lisbon. Ryan O'Shaughnessy, 25, will take to the stage tonight for the first of the competition's semi-finals.

19 people killed in clash between Myanmar army, ethnic rebels, says Military
Reverend Hkalam Samsun, chairman of the Kachin Baptist Convention, said the Kachin people were "disappointed" with Suu Kyi. Suspected ethnic minority insurgents have launched attacks in eastern Myanmar, leaving 19 people dead and 29 wounded.


More News

News
More News