Massachusetts, one of a number of states that face a budget black hole due to the COVID pandemic, is considering taking the fast track to legalized sports betting. The move would see much needed revenue feeding back into state coffers which have been impacted badly by the health crisis
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As lawmakers solicited ideas to accelerate the state’s economic recovery, a Boston Red Sox attorney made a push to get a sports betting legalization bill passed before the end of the legislative session this month.
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Golden Nugget revealed its partner on Thursday, joining forces with the Keweenaw Bay Indian Community to offer online casino games and sports betting. The company previously teased its entry but did not disclose the partnership at that time.
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There was likely a collective sigh of relief released by sports betting operators across the country on Wednesday morning when Virginia Lottery Executive Director Kevin Hall said these words: “It’s safe to say that we won’t.” The “won’t” refers to requiring prospective operators to keep a 10% hold on sports betting revenue, similar to what neighbor Tennessee will do. Hall referred to the practice as “controversial” and said “that by guaranteeing a 10% hold, it makes the odds worse” and encourages consumers to continue to bet offshore.
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Two years of sports betting regulatory turf wars across the United States has produced several species of legal sportsbooks. There’s some shared DNA, but the quantity and quality of sportsbooks varies wildly among jurisdictions, with their ecosystems created unequally and the logic behind them disparate.
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There are 11 steps before the Washington State Gambling Commission can roll out regulations
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July 15 is the first of two red-letter dates for anyone with an interest in legal Virginia sports betting. The state’s Lottery will roll out proposed regulations at its July 15 meeting and, as required by law, 60 days later it will vote on those regulations in anticipation of getting licensed systems up and running by early 2021.
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California Indian tribes, hoping to qualify a sports betting initiative state’s 2022 ballot, have until the middle of October to finish the signature collection process that was upended by the coronavirus pandemic.
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Even the glaring need for additional sources of tax revenue wasn’t enough to get casino gambling or pari-mutuel betting on horse racing over the finish line. A new player in the gambling debate, sports betting, also fizzled during the session’s final days.
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November ballot may feature a vote on gambling and medical marijuana in Nebraska. Supporters of the changes say the petitioners will raise enough signatures to enter the ballot.
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On July 1, they will officially hand the baton to the state lottery, with the goal of crossing the finish line to live, legal online sports betting in Virginia by the end of the year.
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How’s this for luck? On March 9, Rivers Casino in Des Plaines opened its sportsbook, becoming Illinois’ first brick-and-mortar location to legally take bets on sports. Within a week, the brand new sports betting bar had to close down, due to the coronavirus.
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