California Sports Betting Faces Stakeholder Divides
Legal California sports betting has taken a step forward toward reality, but there are major problems that may prevent it from happening
Legal California sports betting has taken a step forward toward reality, but there are major problems that may prevent it from happening
California sports betting, once again, made headlines when lawmakers last week filed an updated constitutional amendment that would permit online as well as retail wagering at more than 60 Native American casinos and horse tracks.
Gilpin County Colorado is arguably the municipality hit hardest by the coronavirus pandemic
The Louisiana Senate easily passed a sports betting ballot measure bill Wednesday, giving better odds than ever that state voters will be able to approve legal wagering within their home parishes as part of this fall’s elections.
Online casino gaming has been one of the few growth areas for regulated US gambling since the COVID-19 outbreak largely shuttered the nation’s multi-billion-dollar casino industry.
Nevada casinos began the post-COVID reopening process in May 2020 after officials approved sweeping guidelines for sanitation protocols, distancing measures, and capacity reduction.
Louisiana lawmakers will once again consider bills to legalize Louisiana online sports betting and Louisiana daily fantasy sports apps but do so with unprecedented logistical challenges in addition to the long-standing political hurdles that tanked similar efforts in each of the past two years.
As the economic hardships wrought by the COVID-19 outbreak begin to take their toll on state legislatures, gaming industry representatives are cautiously optimistic looming budget shortfalls will compel lawmakers to embrace new forms of revenue that seemed politically impossible before the virus.
As with most other U.S. industries, state lottery revenues have been decimated in response to the coronavirus outbreak. Online lottery sales in a handful of states have helped bridge the shortfall, and are now being highlighted as a new revenue source for drying government coffers.
DraftKings, which at different points in its eight years seemed poised to take over American sports and at others fold entirely, reached a new milestone in its circuitous existence when it began trading publicly Friday.
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