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ME behind the eight ball as states sprint to legalize sports gambling

17 Mai 2018

He's wanted to add another casino and horseracing track in OH, and he's opposed to sports betting being limited to only the established gambling facilities, which he calls a "monopolistic" idea. Cuomo says it might not happen this year.

Associate Professor of Political Science at the New College of Florida Frank Alcock said, "there are already gambling allowed in para mutual facilities and Native-American tribal lands in the state of Florida". "Everybody always wants to give their customers things they have asked for".

More than a dozen other states either have active legislation to authorize sports gambling or have considered it in the past.

In an interview with CNBC, Cuban, owner of the NBA's Dallas Mavericks, predicted that the gaming industry at large will be able to capitalize on new business opportunities thanks to the ruling.

Some of the legislation - like one proposal in Pennsylvania - requires a one-time license fee of up to $10 million, along with a tax of as much as 34% on gross receipts, something AGA senior vice president of public affairs Sara Slane told USA TODAY Sports could be a non-starter for potential operators.

New Jersey, in a bid to protect its Atlantic City casinos and its horse racing tracks, looks set to impose a higher tax on online bets. "Sports betting has always been a black-market activity that many engage in; however, now that there is the option for legalized wagering, many states can bring jobs and tax revenue that weren't previously possible". The deadline to pass the bill would be June 30, the last day of the current fiscal year.

"I think it is going to be a very long time before most states sort this out because there are a lot of complex issues involved", said Barrow.

Well, the legislature said, "slow down".

Some folks in Vicksburg are already putting sports betting on their calendar. And an influential Republican on Capitol Hill, Sen.

No matter how they made a decision to tax it, that is going to amount to a lot of money many states could really use.

States are now free to offer sports betting: where do South Carolina leaders stand?
Delaware Could Be 1st State to Open Sports Gambling After Supreme Court Ruling

Now, we're taking a look at how it could impact northern MI casinos down the road.

In a 6-3 ruling, the nation's top court declared unconstitutional a 1992 federal law which banned wagering on professional and university sports.

But that law likely need to be rewritten, Sleight said. Some might even try to create sports betting applications for smartphones. New Jersey casinos and racetracks are busy putting plans in place to accept sports wagers. But it would also mandate consumer protections, including a ban on underage betting and establish safeguards against compulsive gambling.

Can I now bet on my phone from other states with Nevada casinos apps? It was a costly six-year fight between the federal government and the state of New Jersey. Scandals involving betting and sports go back generations, all the way to baseball's Black Sox scandal of 1919 in which Chicago White Sox players took money from gambling interests and lost the World Series.

Are there any other states where people will be allowed to bet?

The companies provided few details about the agreement in a release, but Churchill said in the announcement that it was targeting the first quarter of 2019 "to begin accepting legal wagers for [on-line gambling] and sports betting in New Jersey".

The Oneidas operate Turning Stone Resort Casino in Verona, Oneida County; and the Point Place Casino in Bridgeport and Yellow Brick Road Casino in Chittenango, both in Madison County.

Of course, there's such a wide range of gambling options - from daily fantasy sports websites like DraftKings and FanDuel to the possibility of casino-style event betting - that McLaughlin and his fellow athletic directors know the issue isn't as cut and dry as it once was.

The Oneidas have not clarified what they mean by "near future". "I would never want to guess on who might be right on that".

ME behind the eight ball as states sprint to legalize sports gambling