When federal COVID-19 pandemic relief is reduced or eliminated, “iGaming will be at the ready” to help fill NY coffers, says Sen. Joseph Addabbo Jr.
Company also says it opposes Biden DOJ’s motion for a dismissal. But several scenarios exist where clarity on the Wire Act continues to remain elusive.
The organization predicts this year’s NCAA tournament will have the highest legal handle of all time, with an estimated $3.1 billion in legal sports bets placed.
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A separate bill calls for using $225 million from the settlement of PokerStars’ saga to fund a problem gambling initiative in the state.
In its current form, S8412 would allow regulators to issue 24 licenses with 10-year terms for online casinos and poker rooms. A tax rate of 25% would be levied.
BetMGM’s sportsbook joins the field late, but is expected to quickly become one of the larger players in Illinois, just as it has in neighboring states.
Gaming conglomerate says performance in more mature sports betting states like New Jersey and Pennsylvania helped offset losses in newer states like Arizona and Michigan.
Bill that would ban sportsbooks from using “Virginia is for Bettors” in their advertising headed to Republican Gov. Glenn Youngkin’s desk. Meanwhile, bettors drive record $485.5 million handle in January.
TwinSpires was one of the smallest operators in both verticals. Parent company Churchill Downs Incorporated to sell market access rights, creating “interesting” opportunities for other operators.
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