by Hasan Nabulsi | May 15, 2019 12:09 pm | Regulatory
The Wire Act of 1961 was originally written into law to cripple mob organizations from running crooked sportsbooks. Earlier this year, the Wire Act was reinterpreted to include all interstate gambling – not just sports betting. The new Wire Act opinion is not...
by Michael Molter | May 15, 2019 11:49 am | Revenue
The Meadowlands is responsible for more than half of the year’s tax contributions. The three skins for Resorts Casino have led the online sports betting handle. Over $1.16 billion has been wagered in New Jersey since January 1. ATLANTIC CITY, N.J. – The New Jersey...
by Andy Faust | May 14, 2019 1:29 pm | Sports Betting
Online betting could give Pennsylvania the biggest sports wagering market in the US. Even if the state doesn’t challenge Nevada for total handle, PA should generate more sports betting tax revenue. HARRISBURG, Pa. – With online betting launching in the Keystone State,...
by Michael Molter | May 14, 2019 12:38 pm | Regulatory
Sports betting revenue in New York could exceed $1 billion with mobile wagering. Annual revenue is projected to drop to $300 million should mobile betting no be approved. Governor Cuomo and legislators are unsure if a constitutional change is needed to add mobile...
by Andy Faust | May 14, 2019 9:20 am | Regulatory
HB 1260 is the last sports betting bill standing in the Illinois legislature. Amendment 1 comes with $10 million in licensing fees for brick-and-mortar and online betting. Amendment 2 would charge even higher rates but limit retail licenses and online licenses...
