PASPA was repealed seven years ago, with legal sports betting having transformed from a curiosity into a half-trillion-dollar industry. What began as a fight over states’ rights has gone from taboo to mainstream, reshaping how Americans watch, bet, and engage with sports. With $50 billion … Read more
Two northeast lawmakers introduced the SAFE Bet Act – a measure to bring federal oversight to the US sports betting industry. Removing away from a federal approach in 2018 (the repeal of PASPA), this measure is unlikely to advance. It calls for stricter advertising regulations, … Read more
Since 2018, over $200 billion dollars have been wagered amongst regulated betting states. Nevada has the lowest revenue kept by sportsbooks of states with at least $10 billion in wagers. Delaware is the worst betting state, with over 15% of their handle being retained by … Read more
According to House Speaker David Ralston, Georgia lawmakers are considering using a voter referendum to address gaming expansion and sports betting in Georgia. The referendum would be intentionally vague, which would then allow the Georgia General Assembly to finalize the details of the gaming expansion … Read more
Legal sports betting in Massachusetts could produce millions of dollars in annual revenue for the Commonwealth. Senator Brendan Crighton will file a bill to make sports betting legal in the Bay State, allowing for collegiate and professional sports games to be gambled on. The FY2022 … Read more
Judge Amy Coney Barrett could be confirmed as part of the Supreme Court before the 2020 Presidential Election. Presidential nominee Joe Biden would like a decision to be made on Barrett after Election Day. Sportsbooks have Barrett being confirmed by the Senate before November 3, … Read more
Major League Baseball has agreed to a deal with Malta-based Betcris to be its exclusive sports betting partner in Latin America. This is MLB’s second major sports betting partnership, as FanDuel and MLB struck a similar deal for the U.S. market last year. Baseball has … Read more
COVID-19 has created an estimated $615 billion hole in state budgets through public health expenses and lost tax revenues. Many states have turned to sports betting odds as one potential avenue to mitigate the economic losses caused by COVID-19. Since the near start of the … Read more
The U.S. Court of Appeals of the First Circuit is now hearing an appeal from the Department of Justice on the case of New Hampshire Lottery Commission, et al v. Barr, et al. The case will determine the scope of the Wire Act and whether … Read more
The four major North American professional sports leagues filed to dismiss a $150 million legal claim by the New Jersey Thoroughbred Horsemen’s Association (NJTHA) on Monday. Their claim is predicated on the fact that the leagues were responsible for an injunction on legal New Jersey … Read more
The New Jersey Thoroughbred Horsemen’s Association is seeking millions of dollars damages from the NCAA, MLB, NBA, NHL and NFL for preventing them from operating a sportsbook at Monmouth Park from October 2014 to May 2018. Despite legal precedent against the plaintiffs’ claims, quirks of … Read more
The Supreme Court voted to overturn the Professional and Amateur Sports Protection Act (PASPA) two years ago. Since that decision, the popularity of sports betting has exploded in the United States, both in terms of participation and representation in pop culture. 23 states now have … Read more
