Can New Jersey Overtake Nevada As the Sports Betting King?
Is New Jersey on the path to overtaking Nevada as the king of legal sports betting in the USA?
Is New Jersey on the path to overtaking Nevada as the king of legal sports betting in the USA?
Legal sports betting and a long-awaited casino in Chicago: These are just two of the bigger developments coming to Illinois now that Governor J.B. Pritzker has signed an 816-page, $45 billion infrastructure plan into law.
When the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) last year, it was a shining example of the legal system at work. A law that had been around since 1992 was challenged and deemed unconstitutional, making it invalid.
When the Supreme Court opened the door for states to legalize gambling on sports if they so choose, it came as no surprise as to who was one of the first. New Jersey was the driving force behind the push to give the states the power to decide. So, it only made sense that they…
As legalized online gambling continues to gain momentum in states around the country, opposition of this national trend have begun to gain footing. When it comes to the opposition of online gambling, there is no singular voice as determined and well-funded than that of Sheldon Adelson.
Sports betting inside stadiums is much closer to reality than anyone realized as little as six months ago, as 2019 has seen a series of bills passed paving the way for sports teams to become operators of the largest sportsbooks in the world.
With the Supreme Court making PASPA a thing of the past back in 2018, many states were quick to jump at the chance to legalize gambling on sports. Perhaps more importantly, they were quick to take advantage of a way to raise some much-needed revenue for their respective state coffers.
When the Sports Wagering Market Integrity Act (SWMIA) was introduced at the end of last year, it sparked a theoretical debate about which government or governments were best suited to regulate the newly-forming gambling markets.
In January 2019, the Department of Justice issued a memorandum regarding the department’s new position on the meaning of the Wire Act. These new, apparently expanded, enforcement guidelines of an old, largely irrelevant federal law were viewed by many to have come out of left field.
It has been a busy couple weeks for the Daily Fantasy Sports (DFS) industry in the United States. The industry logged a big win in Alabama and suffered a minor setback in North Carolina for what was overall a very good week for fantasy players.
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