The coronavirus outbreak has impacted nearly every social interaction across the world, shuttering nearly every professional sports league and crippling the fledgling U.S. sports betting market less than two years after it was allowed to grow nationwide.
Betting USA spoke with Jackpocket CEO Peter Sullivan about the impact of the Coronavirus (COVID-19) pandemic on state lotteries, and how his company could help mitigate the impact.
For most of its life, the 1961 Wire Act was an uncontroversial piece of legislation. But in the age of online gambling, the Wire Act, and its applicability to online gambling, has become an enigmatic piece of legislation. So much so that it is winding through the courts as we speak.
This is the second installment of Betting USA’s deep-dive into the companies offering alternative products in the absence of, or alongside, legal online gambling and sports betting.
More than two dozen horse racing trainers, veterinarians and others were indicted on Monday for their roles in a scheme that federal investigators describe as a “systematic and covert administration of illegal performance-enhancing drugs (“PEDs”) to racehorses competing across the United States and abroad.”
Sports betting is the talk of the town, but it’s not the only online gambling product states are turning to as they look for new sources of revenue and attempt to modernize their gambling industries.
The ongoing rollout of sports betting and online gambling legislation across the country is already resulting in some eyebrow-raising revenue figures from some states. Despite increased access to legal gambling options and a strengthening domestic market, Americans still have access to illegal offshore gambling options that lack financial and responsibility safeguards.
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.
There may soon be little the legal US sports betting market feels it can learn from the European experience, but one of the few areas where it can still look for informed guesses about the future direction of the market is in the area of free-to-play games.
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