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March Madness Windfall: $100 Million Bet On NCAA Men’s Tourney In NJ

SECAUCUS, NJ — New Jersey regulators said that the state saw more than $100 million wagered on the recently completed NCAA men’s tournament. It’s the first time that betting on March Madness took place at legal NJ sportsbooks. The tournament — aside from casual and widespread office and online pools — had only been legal to wager […]
read moreSky-High License Fee A Potential Issue In Illinois Sports Betting Hearing
Entering Thursday’s second legislative hearing of the year on Illinois sports betting, Rep. Bob Rita has yet to hear any reason why the state can’t fulfill the governor’s request for $200 million upfront in licensing fees. One surprise in last month’s hearing on IL sports betting was that none of the stakeholders spoke against the […]
read moreTennessee Sports Betting Winds Toward Governor’s Desk After Another Contentious Debate

The twisting road toward legal Tennessee sports betting appears pointed toward the governor’s desk after a whirlwind day at the state legislature. A heated floor debate ended with H 1 comfortable clearing the House, 58-37, at midday Wednesday. Within hours, its Senate companion bill, S 16, moved quickly through the chamber’s Finance Committee and into […]
read moreIowa Sports Betting Bill Off To Governor’s Desk After House Passage

The Iowa legislature has authorized the state’s casinos and racetracks to build sportsbooks, and it doesn’t take a giant leap of faith to know that people will come, Ray. People will most definitely come. Bill sponsors Rep. Bobby Kaufman and Sen. Roby Smith told Legal Sports Report that SF 617, passed by the Senate last week, would […]
read moreWest Virginia Casino Operator Suing Over Sports Betting Debacle

Casino operator Delaware North is suing the company that was providing its sports betting platform in West Virginia, after it was forced to shut down all wagering last month. The basics of the WV sports betting shutdown and lawsuit Miomni had been the supplier for WV sports betting for Delaware North at its two casinos […]
read moreA Trader’s View On How The NCAA Should Approach Legal Sports Betting

Editor’s note: this is a guest column from Scientific Games. Ahead of his appearance at Betting on Sports America, Benjie Cherniak, Managing Director of Don Best Sports, Scientific Games’ U.S. managed trading service, outlines the steps required to ensure a safe environment for college sports betting: Even in the months leading up to the repeal […]
read moreTennessee Rep Refers To Sports Betting Addiction As ‘Slavery’ During Committee Hearing
Tennessee sports betting narrowly escaped the House Finance Ways and Means Committee on Wednesday after a tense discussion of H 1. The shape-shifting bill now featuring hefty license fees and revenue taxes passed on a 10-9 vote, hours after clearing a related subcommittee. It will head to the House floor Monday and if passed, could […]
read moreThis Is The One Issue That Could Still Derail NC Sports Betting Bill

An effort to expand sports betting statewide through the lottery could doom efforts in North Carolina, warns the Senate sponsor. Sen. Jim Davis got S 154 passed in the Senate last week. It’s an NC sports betting bill that authorizes wagering at two casinos on the Eastern Band of Cherokee Indians reservation in his district. The bill […]
read moreLast-Ditch Effort To Jump-Start Colorado Sports Betting Afoot In Legislature
It’s been nearly a year since Colorado lawmakers first discussed the possibility of legal sports betting in public, and the time for action has come. This week, casino operators had the chance to offer feedback on preliminary language for a new CO sports betting bill. Reviewed by Legal Sports Report, the draft being circulated includes provisions for both […]
read moreMarch Gladness For PA Sports Betting As Revenue Climbs, But Lack Of Mobile Still Hurting
PA sports betting performed well last month as March Madness betting buoyed bookmakers throughout the nation. Keystone State bettors put up more than $44.5 million in March and PA sportsbooks held better than $5.5 million. That hold of nearly 12.5 percent triples the $1.9 million in revenue Pennsylvania operators made in February. Cutting into that […]
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