Tag: Sports Betting

Athletes Push for Sports Betting in Connecticut Capitol

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With the United State Supreme Court ruling on sports betting looming, Connecticut is moving closer and closer to a legalized and regulated sports betting industry. It is now even more likely thanks to the backing that the efforts to legalize sports betting have received from professional sports leagues.

Case in point, on Tuesday, two big-time major professional league sports stars brought their star power to the Connecticut capital to push for the legalization of sports betting. Former New York Mets and New York Yankees star Al Leiter and Boston Celtics legend Cedric Maxwell met with the state’s lawmakers in a bid to sway them to support sports betting.

Cedric Maxwell argued that Connecticut has an upper hand when it comes to sports betting simply because the casinos are already there. This claim has been confirmed by Major League Baseball’s senior vice president Morgan Sword who pointed out that Connecticut’s legislature is way ahead of the curve when compared to other states as far as sports betting is concerned.

“We think Connecticut has a real chance to pass a state-of-the-art statute here that could act as a model for other states,’’ Sword commented. “We’ve been very impressed with the level of expertise that these guys have on this issue.’’

Both Leiter and Maxwell expressed confidence in their beliefs that sports betting will be beneficial to basketball, baseball, as well as other sports so long as it is regulated.

“Assuming that the Supreme Court makes sports betting legal everywhere outside of Las Vegas, there’s going to be potential issues,’’ Leiter said. “I don’t know how it’s actually going to play out — whether brick and mortar or existing casinos or online. The more you broaden that, there’s got to be some regulation and some people watching to make sure that everything is done properly and maintain the integrity of the respective sport. … There has to be some oversight.’’

But That’s Not All

Despite the input by the sports stars, the state’s politics will be the major influencer of the final decision. Last week, Joe Aresimowicz, the House Speaker said that it was very unlikely that the legislation would be passed before the current legislative period ends. According to the speaker, the casino expansion and sports betting issues in the state are complex issues that require comprehensive strategies before they are enacted.

“There are just so many moving parts,” Aresimowicz said at a briefing. “We need to figure out what’s best for Connecticut.”

U.S. Player Associations Weigh In on Sports Betting Debate

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The major professional league associations in the US have finally broken the silence as the country awaits the U.S. Supreme Court ruling that is likely to legalize nationwide sports betting. The unions, which include the National Football League Players Association (NFLPA), National Basketball Players Association (NBPA), National Hockey League Players’ Association (NHLPA), and the Major League of Baseball Players’ Association (MLBPA) have joined together to insist on being included in discussions pertaining to the legalization of sports betting. This announcement was released via a joint statement that was meant to make public the position of the union with regards to the matter at hand.

The joint effort by the unions is specifically geared towards ensuring that any new laws put players’ rights and integrity into consideration regardless of their respective sports affiliations. As outlined in the statement, the players’ associations concerns revolve around the profits that sports betting would bring as well as the potential costs of such arrangements.

The joint statement further revealed that the unions had discussed the potential impacts of legalized sports betting on players’ privacy and the security. Another key focus for the discussion was the integrity of the games. Still, the main takeaway from the recent development is the fact that the associations share the belief that lobbyist groups are not the only stakeholders and thus should not be the only participants in the process of legalizing sports betting.

The associations are calling for the inclusion of athletes in the discussions so as to ensure that the rights of the players are upheld and the integrity of the games remain intact when sports betting finally becomes a reality.

“Given the pending Supreme Court decision regarding PASPA representatives of the MLBPA, NBPA, NFLPA and NHLPA have been working together on the legal, commercial, practical, and human consequences of allowing sports betting to become mainstream,” the joint statement read. “Betting on sports may become widely legal, but we cannot allow those who have lobbied the hardest for sports gambling to be the only ones controlling how it would be ushered into our businesses. The athletes must also have a seat at the table to ensure that players’ rights and the integrity of our games are protected.”

There have been raging debates for some time now with regards to ensuring the integrity of games intact. So far, the MLB and the NBA have been the most vocal – both have proposed that a 1 percent integrity free from the overall betting revenue should be paid to the leagues. Fortunately, while this legislation has been met with equal amounts of support and opposition, the leagues might just get what they want after all. Case in point, the New York Senate recently passed a legislation that requires a 0.25 percent fee to be paid out to the player leagues.

Two More States Considering Sports Betting Legalization

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Currently, there are sports betting bills being discussed by lawmakers in at least 18 states, a number which is now poised to grow by two. Media outlets in both Arizona and Minnesota have recently reported that lawmakers in both statehouses have been considering legislation pertaining to sports betting even though neither has produced a bill to date.

The only issues, so far, will be the timing, as the 2018 legislative calendar is nearing its end, as well as tribal interests in both states which will certainly make such legislative efforts quite complicated.

What’s Going On in Arizona?

Arizona is known for its thriving (but separate) sport and gambling industries – all four United States professional leagues have Phoenix-based franchises and the state also hosts 20 tribal casinos, a lottery, as well as two horse racing tracks. Pro-sports betting legislators in Arizona intend to use tax revenue from the industry to allocate more funds to the state’s teachers.

Senator Sonny Borelli will be supporting the legislation mainly because of geography and the fact that the state needs the money.

“We’re sending all of our money to other states right now on sports betting,” he said.

The idea of legalized sports betting in Arizona has received a fair share of criticism and opposition with Sen. Dave Farnsworth, one of the legislators who oppose the idea saying that more gambling is the last thing the state needs. He believes that he has the support of a good number of lawmakers which may see his take on the bill passed in case the federal prohibitions are relaxed.

Furthermore, any expansion of gambling in the state must put tribal agreements into consideration – the report overlooks this. There is less than a fortnight until the Arizona lawmaking calendar runs out which makes the possibility for progress significantly slim during this session. Fortunately, Arizona state laws do not allow for daily fantasy sports and the tribes have not allowed legislation to change that to advance and thus their approval may not be needed regardless of what the state decides on sports betting.

What About Minnesota?

Even though it also has both tribal and commercial gaming operations, unlike Arizona, the tribes do not share their gaming revenues with the state of Minnesota. Everything is likely to be smoother for the state since the state is not bound by any contractual restrictions as far offering its own gambling products is concerned. However, its state statues would need to be amended.

Rep. Pat Garofalo who is leading the pro-sports betting campaign in Minnesota cited “huge public demand” in the state and as such, he has been quite vocal about the need to prepare for the much anticipated Supreme Court ruling.

“People are going to have an expectation that they’re going to be able to engage in safe, fair, and regulated sports gambling,” Garofalo said, presuming the Supreme Court will lift the ban on sports betting. “We’re going to have a lot more people gambling on sports by the end of this year. It’s just a matter of whether they’re going to be doing it in a safe, regulated environment in Minnesota or whether they’ll be using offshore sportsbooks.”

New York Introduces Sports Betting Bill to Protect Casinos

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A recent legislation proposed by New York Senator John Bonacic seeks to regulate the state’s sports-betting industry in order to protect its casinos. The Republican senator has been a significant figure as far as New York’s gaming industry is concerned – he has earned a reputation for having a rather hardline stance on gaming regulations. This proposed legislation now puts him in somewhat of an advantageous position to push for demands pertaining to the sports betting industry in general.

However, New York is not the first state to introduce such a bill. A number of states have already put forward similar legislative bills and are now waiting for their implementation once the Professional and Amateur Sports Protection Act (PASPA) is overturned.

If, or when, PASPA is overturned, Bonacic’s bill will come into immediate effect and this will mean that there will be tremendous changes to the way casinos dispense their profits. According to the senator, if each and every casino was to be legally authorized to offer sports betting, then the proposed bill will impose a lawful obligation on the casinos requiring them to hand over a percentage of their profits to the state. The proposed figure currently stands at about 8.5 percent of the casino’s total gross revenue.

In addition to this, suppose the bill is passed and PASPA is abolished, New York will be looking at a new revenue stream with figures ranging from $10 million to $30 million. These figures are huge enough to convince the New York state legislators to vote in favor of such a legislation.

Bringing New York Up to Speed

Bonacic and some other state finance committee members have raised concerns regarding the static nature of the New York’s bid to get other states to buy into the idea of imposing stricter sports betting legislation. It is not news that the state of New York has often lagged behind when it comes to keeping up with essential matters in the gaming world. This is usually due to lack of action and Bonacic and his counterparts find this to be very frustrating.

He believes that if such a legislation is to be pursued by New York’s legislature, the state will be able to adequately keep up with all the other states that are pursuing similar sports betting regulations with renewed vigour.

Kansas Sports Betting Bill Calls for Integrity Fee

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Professional sports leagues might just get what they want after all with the introduction of a sports betting bill in the state of Kansas that called for the inclusion of an integrity fee. The bill which was brought forward by the Committee on Federal and State Affairs of Kansas is the third sports betting-related bill to be introduced in the state.

Introduced on March 22, the bill will allow the Kansas Lottery to sports betting to players over the age of 21. This will be limited to the lottery’s facilities and will be through contracted lottery retailers, its web platform and mobile platforms as well as through an interactive and dedicated sports betting platform. This still depends on how the United States Supreme Court will rule on the petition regarding the federal ban on betting.

S.B. 455, the bill, gives the Gaming Commission the final say on the types of wagers and game restrictions. Kansas lawmakers, however, will be expecting no less than a 6.75 percent cut from the sports betting operators. They went further to take note of sports betting legislative developments in New York and have thus decided to include the pro sports leagues’ integrity fee as one of the requirements of the bill. The sports betting right and integrity fee was set at 0.25 percent of the handle but the lawmakers capped it at 5 percent of the sports betting revenue.

“All revenues from sports wagering conducted by the Kansas lottery shall be remitted to the state treasurer and deposited in the lottery operating fund in according with K.S.A 7408711, and amendments thereto,” one of the S.B. 455 provisions read.

While many gambling operators are eagerly waiting for the Supreme Court ruling, a number of stakeholders and interested parties are anticipating that the federal ban on sports betting will be lifted. The professional sports leagues are by far the most vocal – the Major League Baseball (MLB) and the National Basketball Association (NBA) have been lobbying for the inclusion of an integrity fee in state sports betting regulations. According to the leagues, this fee will serve as an insurance to the “risks”  that sports betting will bring to their brands.

March Madness Elevates Focus on Sports Betting in the U.S

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The 2018 NCAA Men’s Basketball Tournament, commonly referred to as “March Madness”, kicked off last week with 68 teams going against each other in a single-elimination tournament that is stretched over three weeks and will culminate in the crowning of 2018’s NCAA champion. As usual, this means brackets, office pools and, of course, lots of betting – both legal and illegal. In fact, according to the American Gaming Association, $10 billion will be wagered during the three-week tournament with most of it being illegal since sports betting is not yet legal in most of the United States.

March Madness has also been one of the annual events that attract extra attention towards the need for the legalization of sports betting in the United States – the numbers are so good that states want a piece of the pool so that they can tax it. Experts consider illegal gambling to be untapped revenue that the states are missing out on.

Fortunately, this year the context of the efforts to legalize sports betting has shifted thanks to a petition filed by the state of New Jersey seeking for the legalization of nation-wide sports betting. The final ruling is to be delivered by the United States Supreme Court and this could be as soon as April.

Over a dozen states, West Virginia and New York included, have proposed laws to legalize sports betting and the only obstacle to the new development is the 1992 law that confines sports betting mostly to Nevada. Keeping this in mind, the American Gaming Association issued its annual estimate regarding March Madness betting where it arrived at the $10 billion estimate. Of this entire amount, only $300 million or thereabouts is expected to come from legal sports betting in Nevada sports books. Evidently, the U.S. Supreme Court’s ruling will play a pivotal role in creating a revolutionized gambling atmosphere for all the interested parties. Luckily for everyone, the wait is almost over.

Rivalry.gg Joins Esports Integrity Coalition (ESIC)

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Dedicated Esports betting operator Rivalry.gg has signed a Memorandum of Understanding with the Esports Integrity Coalition (ESIC) to become the coalition’s latest member with the goal of ‘supporting the application of best practice across the Esports betting industry’. Rivalry.gg which is a fairly new entrant into the Esports betting business is licensed in the Isle of Man and it will be joining a host of other outstanding ESIC members that include DreamHack, Betway, Sportradar, LVP, ESL, Intel, LVP and UKGC among many others.

The Esports Integrity Coalition (ESIC) was formed in July 2016 so as to clamp down on all forms of cheating in the professional Esports market. ESIC is currently considered to be one of the most reputable Esports regulatory authorities in the world especially due to its unambiguous endeavour to create an unequivocal Esports playing field for all the members of the Esports community.

“ESIC is pleased to welcome another specialist Esports betting operator into membership to extend our suspicious bet alert network and help us detect possible match-fixing as it happens and having a legitimate, licensed operator that supports Esports integrity and our vital education program helps lessen the influence of dodgy operators and betting fraudsters,” noted Ian Smith, the Integrity Commissioner at ESIC.

Rivalry.gg, being quite young in the industry has employed a steady approach towards a conquering the Esports market – they are focusing on original content and pre-match betting at the moment. But, there is definitely so much more to come.

“This is just the beginning for us. Next steps are implementing the minimum requisite of features from a traditional sportsbook perspective, such as live betting, followed by a much deeper offering. We spent the better part of 2017 curating and testing various bespoke feature sets that we believe the community will love and can’t wait to share them with everyone,” Rivalry Co-Founder, Steven Salz confirmed.

Salz also pointed out that while they just recently rolled their service offering, they have been members of the community long enough to notice that members of the Esports market were being frustrated by underage and unregulated betting that was growing rapidly with little to no intervention. He believes that this was partly due to the lack of viable alternatives for gamers as well as the lack of education on the importance of regulation in online gambling. As an ESIC member, Rivalry will be supporting the coalition’s goals by reporting any and all suspicious online betting activity.

“At Rivalry our foremost effort is to provide Esports enthusiasts with a legal, and safe way to bet on competitive play in the games they eat, breathe, and sleep. Our participation in ESIC is a cornerstone piece of this effort. Having a legitimate, licensed operator that supports Esports integrity and our vital education program helps lessen the influence of dodgy operators and betting fraudsters,” Salz added.

Pro Sports Leagues Prepare For Legal Betting Ahead of Ruling

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Across the states of Arizona and Florida, professional baseball teams are getting ready for the inevitable surprises of a 162-game season. Players and coaches often use spring training so as to limit unknown variables and this year Major League Baseball is following suit.

By mid-season, baseball fans in some states might finally be able to place legal bets on baseball games and as such, Major League Baseball (MLB) officials are well aware that they cannot afford to wait till then to get things planned out. The league’s preparations have already begun with players from each and every team being given “enhanced education” this spring on sports betting. The same goes for both coaches and umpires.

The United States Supreme Court is expected to deliver a ruling that will certainly have a huge impact on sports gambling in the country. The most anticipated culmination would be the abolishment of the 25-year old federal law that outlawed sports betting in all but one state, Nevada. The other states have always had the liberty of allowing or prohibiting fans from wagering on sports but – not many have legalized sports betting and this is what makes the prospects of legalized sports betting so exciting to fans.

“We’re realistic that sports betting in all likelihood is going to expand in the United States,” MLB Commissioner Rob Manfred said on a conference call with reporters a week ago.

All the four major United States sport professional sports leagues have been buckling up in preparation for the ruling. In fact, some are even eager about what the new world could bring after the court’s decision. Furthermore, they have all been, to varying extents, offering their players some education that includes analytics that monitors betting data. In addition to this, the league have been working tirelessly towards researching the best possible partnerships and business opportunities that will definitely open up new revenue streams.

New Bill Proposes Legalization of Sports Betting in New York

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On Wednesday, a new bill aimed at legalizing sports betting in New York was introduced thus adding New York to the growing number of states that have been pushing for similar legislation ahead of the landmark decision from the United States Supreme Court regarding the lifting of the nationwide ban of sports betting. So far, this bill appears to be the most serious attempt yet to legalize single-gaming wagering at gambling joints in New York.

The bill, that was introduced by State Senator John Bonacic, who also happens to be the Racing, Gaming and Wagering Committee chairman, seeks to have professional and college sports betting permitted. The bill further proposes that the state will be taking 8.5 percent from the casinos’ gross revenue – this could bring in an estimated $10 million to $30 million to state coffers every year.

However, the legislation remains dependent on how the U.S. Supreme Court will rule on the New Jersey bid to overturn a federal ban on sports betting that is still in effect in all but four states. Bonacic confirmed that New York will be backing New Jersey and the other states since they believe that sports betting in the United States will eventually be legalized.

“New York State has historically been behind the curve in dealing with developments in the gaming world, and it has been to our detriment,” Bonacic said in a statement. “If allowed, sports betting will be a revenue enhancer for education in New York. We have the chance to ensure our sports betting statute is fully developed and addresses the needs of the state and all stakeholders so we can hit the ground running if and when we can authorize and regulate sports betting.”

According to Sen. Bonacic, sports betting could be a great financial boon for the state, especially for education. Bettors in the United States make as much as $200 billion in illegal bets every year according to various statistics.

Leagues Push for a Cut of Sportsbetting Revenue May Deter It

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While sports betting in all other parts of the United States outside the state of Nevada is on the verge of being legalized, there are a couple of new developments that are likely to affect the process in a rather negative way.

According to Twitter’s vice president of Analytics, Jeff Ma, even as the major sports leagues like the National Football League and the National Basketball Association become aware of the multibillion-dollar opportunity that sports betting offers, their approach towards getting a piece of the will end up impeding the ability to lead gamblers away from illegal betting and offshore operators. Ma also said that the NBA, in particular, has proven to be “short-sighted” by requesting a 1 percent cut on all the bets placed on its games.

If you are unfamiliar with Jeff Ma you might be wondering what a Twitter VP has to do with online sports betting. Well, Ma was once one of the leaders of the infamous MIT blackjack team which inspired the movie 21 and a book titled Bringing Down the House. He is a renowned expert in the gambling industry and has an incredible understanding of how the professional sports leagues work or operate – he even once served as a consultant for the NBA’s Portland Trail Blazers and the NFL’s Francisco 49ers.

“Traditionally, a lot of the leagues are run by lawyers so they think about how do we protect our assets, they don’t think about how do we monetize our assets,” Ma said in an interview with CNBC during the MIT Sloan Sports Analytics Conference. “In this case, they are thinking protect and charge people money instead of focusing on the bigger opportunity down the road.”

In Ma’s opinion, a partnership between the professional sports leagues and the sports betting operators will definitely be a better alternative especially at the earlier stages of the industry’s growth after the ban on sports betting is lifted. He also pointed out that while the flat fee off the top that the leagues are advocating for could certainly be feasible in the long run, the market will need to grow significantly before that.