Many supporters of gambling expected that a case that went before the U.S. Supreme Court a year ago would finally open the door to sports betting nationwide — even if the court’s ruling on the case came too late for most states, Minnesota included, to do much about it in 2018. Legislation is already being drafted for the Minnesota Senate to take up the issue in 2019, and negotiations have already begun that could add Minnesota to a growing list of those that have legalized betting on professional and college sports. But will the new DFL majority in the Minnesota House be as enamored of adding to the state’s menu of gambling options? GOP Sen. Roger Chamberlain, who chairs the state Senate Taxes Committee, said he expects to have bipartisan sponsorship on a bill he believes could pass by the end of the 2019 session, which opens Jan. 8. “We have a rough draft. We’ll get it in and then we’ll make the tweaks as we go,” he said. He expected several … [Read more...] about Could legalized sports betting be coming to Minnesota sooner rather than later?
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A delay in the start of sports betting in Rhode Island is costing the state millions in expected revenue. The budget passed in June included $23.5 million in revenue from sports betting, assuming an Oct. 1 start. The Providence Journal reports analysts recently cut that total by $12 million because the launch has been delayed until "around Thanksgiving." An additional $7.9 million in revenue from slot machines and table games is helping to offset that loss. Two massive wildfires continue to rage throughout California. (Published Monday, Nov. 12, 2018) The state has said that negotiations with the vendor who'll manage sports betting services took longer than expected. The U.S. Supreme Court struck down a federal law this year that made most sports gambling illegal. Rhode Island will get 51 percent of revenue from sports betting at Twin River's casinos in Lincoln and Tiverton. Farm Supervisor Charged in Australia Strawberry Tampering Get the latest from necn anywhere, … [Read more...] about Delay in Start of Sports Betting Costs Rhode Island Millions
Golden Knights right wing Reilly Smith (19) fights for the puck against the Ottawa Senators during the first period of an NHL hockey game at T-Mobile Arena in Las Vegas, Sunday, Oct. 28, 2018. (Caroline Brehman/Las Vegas Review-Journal)MGM Resorts International CEO James Murren and NHL Commissioner Gary Bettman signed a partnership naming the Las Vegas-based company as the league’s first official sports betting partner on Monday, Oct. 29, 2018. (Marcus Villagran/Las Vegas Review-Journal) @marcusvillagranNHL Commissioner Gary Bettman poses on the red carpet ahead of the NHL Awards at the Hard Rock Hotel in Las Vegas on Wednesday, June 20, 2018. (Chase Stevens/Las Vegas Review-Journal) @csstevensphoto MGM Resorts International has become the first gaming company to sign a sports betting partnership with the National Hockey League as CEO Jim Murren seeks a new source of growth for the casino operator. Murren and NHL Commissioner Gary Bettman signed a deal naming the Las Vegas-based … [Read more...] about MGM Resorts, NHL sign sports-betting partnership deal
Regulated sports betting in Indiana could generate hundreds of millions of dollars in revenue annually for gaming operators, according to a report ordered by the Indiana Gaming Commission that was released Friday. The report from Eilers & Krejcik Gaming, a California-based market research firm specializing in gaming and sports betting, analyzed what regulated sports betting could mean in Indiana and included research on how the issue has played out across the country. The firm’s research found that if both in-person and mobile (i.e., online) sports betting were allowed, it would generate $56 million in revenue in the first year and that the total would grow to $256 million by the fifth year. And that’s considered the “base case.” Annual revenue by the fifth year could range from $203.5 million to $339.5 million when considering the best- and worst-case scenarios. "Revenue" is defined as the difference between the total amount wagered and the amount paid out … [Read more...] about Report: Sports betting in Indiana could be $250M business, creating jobs and tax revenue
The Stratosphere Race & Sportsbook at the Stratosphere hotel-casino on Monday, Jan. 30, 2017, in Las Vegas. (Rachel Aston/Las Vegas Review-Journal) @rookie__raeGabriella Benavidez/Las Vegas Review-Journal The gambling board at the Westgate in Las Vegas during the NCAA March Madness tournament on March 16, 2017. The gaming industry might get a better perception of how the NFL feels about regulated sports betting Thursday when a House subcommittee conducts a hearing on whether the federal government should be involved in its oversight. Jocelyn Moore, executive vice president of communications and public affairs for the NFL, will be among those who testify before the House Judiciary subcommittee on Crime, Terrorism, Homeland Security, and Investigations’ hearing, “Post-PASPA: An Examination of Sports Betting in America.” This year the Supreme Court struck down the Professional and Amateur Sports Protection Act, which effectively banned sports betting in most states … [Read more...] about Federal hearing on sports betting to occur Thursday