Category: Legal Sports Betting

Looking at Monday’s news on a new federal Wire Act memo from the Office of Legal Counsel (OLC) requires a brief history lesson. The original Wire Act memo was written in 2011 by then-Assistant Attorney General Virginia Seitz. The quick summary of the 2011 Wire Act memo was that it was the Department of Justice’s position that the Wire Act of 1961 only applies to…

The DraftKings Sports Betting National Championship was supposed to be a celebration of the possibilities for the future of US sports betting. Instead, it ended with controversy and some participants and observers crying foul. Here’s a rundown of what went down, from what Legal Sports Report has been able to piece together: DraftKings Sports Betting National Championship … before the problems The first-ever DraftKings…

FanDuel Sportsbook and Meadowlands Racetrack posted a strong December as NJ sports betting revenue held steady from November. NJ sports betting handle again surpassed the $300 million mark last month, checking in at $319 million. That handle led to $20.8 million in revenue for operators, which equates to a 6.5 percent win. In November, New Jersey sports betting totaled $21.2 million in revenue on…

Parx Casino, outside of Philadelphia, welcomes PA sports betting Thursday with the official opening of its sportsbook facility. The formal opening follows a successful two-day testing period at Parx that began Tuesday. With Parx up and running, PA sports betting now includes four casinos, with more soon to arrive. “Parx is expanding its portfolio of offerings to give patrons the absolute best of all types…

It's finally over. And yet it's just beginning. We will remember 2018 as the year of legal sports betting in the United States following the Supreme Court‘s decision in May to overturn PASPA. By the close of the year, eight states featured sports betting operations. That number appears certain to grow in 2019 as state legislatures take up the issue. The Legal Sports Report…

The NFL now has a casino sponsor as legal sports betting spreads across the United States. The pro football league announced today they have selected Caesars Entertainment Corporation as the “first ever ‘Official Casino Sponsor' of the NFL.” The potential of a deal was first reported by Legal Sports Report before Christmas. The other three major leagues in the US — the NBA, NHL…

Get ready for another sportsbook, Philadelphia: Parx Casino plans to start its PA sports betting operation Tuesday. Parx will become the fourth sportsbook in Pennsylvania when it opens next week. Hollywood Casino at Penn National Race Course launched first in mid-November, followed by Rivers and SugarHouse casinos in December. Parx will first start PA sports betting at its Bensalem location near Philadelphia, according to…

NY sports betting is not live yet, but that did not stop a group of tribal casinos from announcing sportsbook plans. The Oneida Indian Nation revealed Wednesday that it would partner with Caesars Entertainment to operate legal sports betting inside three New York casinos. Those plans remain subject to approval by the National Indian Gaming Commission (NIGC) and the issuance of NY sports betting…

Congress will go back into session this week and state legislatures throughout the country will follow shortly thereafter. When they do, legal sports betting will slot into the the legislative agenda for many. Which states look ready to give sports betting a try? Which ones might surprise? Read on to find out which states might join those that passed legislation last year. (Hereafter, you…

California is the fifth largest economy in the world — if you carved it out of the US — but is still in the 20th Century regarding gambling regulation. With a projected first-year tax revenue of $100 million, one would think that California would want to have sports betting legalized as quickly as possible. But…it could be at least five years, if not longer, before sports…