If at first you don’t succeed, try, try again. That appears to be the mantra of the anti-online gambling crowd, after another anti-online gambling bill, S 3322, has surfaced in the halls of Congress.
In 1966 Stephen Stills informed us, “There’s something happening here… but what it is ain’t exactly clear.” The vagueness of the lyrics turned Buffalo Springfield’s For What It’s Worth into a timeless protest song that seems to speak to just about every issue of the last 55 years.
We’re approaching the two-year anniversary of the Supreme Court striking down PASPA, and my oh my, how things have changed since May 14, 2018.
If you’re having trouble understanding the Penn National-Barstool deal don’t worry, you have plenty of company. In an industry full of mergers and acquisitions (many measured in billions of dollars), Penn National’s acquisition of a minority stake in Barstool Sports is getting a lot of attention, thanks to the peculiarity that is Barstool Sports.
They had plenty of bills to choose from, but the Virginia House and Senate are moving forward with similar, but not identical casino bills, as well as similar, but not identical sports betting legislation and online lottery legislation.
Long considered a junk lawsuit, the latest ruling in a case challenging New York’s daily fantasy sports law has placed the law and the New York DFS industry in serious jeopardy. More troubling, the basis of the case could have far-reaching ramifications for other states that have recently legalized online gambling.
The numbers are in, and it’s as clear as day: The Super Bowl is a destination event for sports bettors.
Massachusetts was at the forefront of daily fantasy sports legalization, but the Bay State is dragging its feet when it comes to sports betting. During a WEEI interview last week, Gov. Charlie Baker expressed his frustration at the lack of progress the state has made.
It’s official, Penn National is acquiring Barstool Sports. The deal, first reported by Vox, brings together one of the largest casino operators in the US and a rapidly growing multimedia company with a fanbase tailormade for sports betting.
Research conducted by the American Gaming Association (AGA) estimates that bettors will wager $6.8 billion on Super Bowl 54, between the Kansas City Chiefs and San Francisco 49ers. And despite legalized sports betting in 14 states and counting, the overwhelming majority of that money will be wagered illegally.
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