The Wire Act has been ruled to apply strictly to sports betting, pending appeal. This ruling allows gamblers and gaming operators the economic benefit of shared liquidity. Shared liquidity would help reduce the cost and risks associated with sports betting. LAS VEGAS – Last week, … Read more
HB 1275 would tax each wager at a rate of 6.25 percent. Texas would have an effective sports betting tax of nearly three times what Pennsylvania collects. With a 36% tax on revenue, PA currently has the highest rate of sportsbook taxation on earth. AUSTIN, … Read more
The Belmont Stakes track conditions should be relatively fast on Saturday. Rain is not expected to be an issue this weekend in Elmont, NY. A dry track favors most horses, but “mudders” prefer a sloppier surface. ELMONT, N.Y. – Though there will be no Triple … Read more
According to a 2012 study conducted by the National College Players Association and the Drexel University Sports Management Program, 82 percent of full scholarship athletes who live on campus and 90 percent of full scholarship athletes that live off campus live at or below the … Read more
Governor J.B Pritzker is expected to sign SB 690 into law this or next week. Stadiums with a sports betting license are granted a 5-block exclusivity zone. Two percent of sports betting revenue will be allocated to Cook County’s justice system. CHICAGO – As the … Read more
The current DraftKings app may not be compliant with the Interstate Wire Act. DraftKings will have to move its “wallet server” from New Jersey to West Virginia. The necessary delay should take only a few weeks. CHARLESTON, W.V. –West Virginia’s rollout of mobile sports betting … Read more
There are currently eight states with active sportsbooks and seven more states who may possibly launch sports betting operations this year. FanDuel was acquired by Paddy Power Betfair in July of 2018. William Hill plc., GVC Holdings, and Paddy Power Betfair all have online sports … Read more
Sports betting efforts in Louisiana were shot down last week. Attempting to include sports betting language into a fantasy bill, HB 459 was rejected on Tuesday. Louisiana legislators have until Thursday to approve any measure that legalizes daily fantasy sports. BATON ROUGE, La. – Though … Read more
Tacitus is the Belmont Stakes pre-race favorite at 9/5 odds. War of Will is the only horse this year to start all three Triple Crown races. Master Fencer could become the first Japanese horse to win The Test of the Champion. NEW YORK – Before … Read more
The favorited of the Belmont Stakes has gone on to win the event 42% of the time. Tyler Gaffalione will be racing in his first ever Belmont Stakes, while Mike Smith will undergo his 20th race. Tapit, who has sired over half of the winners … Read more
Judge Paul Barbadoro from the New Hampshire District Court reviewed the Wire Act this time around. Vastly different opinions derived from the Department of Justice in both 2011 and 2018. The DOJ has the opportunity to further the challenge, taking the Wire Act interpretation to … Read more
The PGA Tour can include up to 125 players in a single tournament. In 2001, the PGA Tour unveiled ShotLink, which gave them the ability to track 22 data points on every shot made. Earlier this year, the PGA Tour revised its sponsorship regulations to … Read more