Rhode Island could legalise sports betting before the end of 2018, making them the fifth state to do so in the USA since federal legislation banning the practice was deemed invalid.
India’s hard-line stance on social gambling has claimed a new set of dissidents after 133 people were arrested in Mumbai this week. We take a look at the news and its effects on legalising the practice.
Two Colorado lawmakers, Republican Cole Wist and Democrat Alec Garnett, are hellbent on getting sports betting legalised across the state.
The English Premier League has offered its complete support to sports betting legalisation in the United States.
This was revealed by Adrian Ford, general manager of Football DataCo, official rights-holder for the Premier League and all professional football leagues in England and Scotland.
Sports betting is only legalized in the state of Nevada in the US. This is largely due to the Professional and Amateur Sports Protection Act (PASPA), a 1992 federal act which prohibited other US states from engaging in sports betting.
New Jersey is leading other states to challenge PASPA in court and the US Supreme Court is expected to rule on the issue by June.
New Jersey has the backing of the National Basketball Association (NBA), Major League Baseball (MLB), and golf’s PGA Tour to challenge the current status sports betting in the US. In fact, both NBA and MLB have gone ahead to develop regulatory laws that would govern sports betting once it is approved by the Supreme Court.
The NBA and MLB and their supporters however have demands when sports wagering is ultimately legalized in all US states. Some of these demands include:
- Having sports betting operators use official league data
- Share customers data when required
- Pay integrity fee – a percentage of the sports betting revenues
- Enable leagues to determine or control what bet sportsbooks can offer
Accordingly, Ford says Football DataCo supports both NBA and MLB since they are coming up with a regulatory framework that works for all sports betting parties across the states. He added that the Premier League supports integrity fee since this will pan out to benefit the industry in the long run.
“When it comes to customers and integrity and really trying to provide the best experience, official data, backed by the leagues, is fact; you need a gold standard,” Ford said.
“Ultimately, the common goal – and it is easier said than done – must be to have a functioning, regulated, safe betting market that brings all the offshore money onshore for the good of the sport, for the protection of the players and presumably for the good of the states that are going to get tax revenues,” he added.
The US Supreme Court will take into consideration a case that could potentially enable sports betting in all fifty states.
If the country’s highest court rules in favour of the legalisation, West Virginia is more than ready.
A bill to enable sports betting in West Virginia has been with the office of the state’s Governor and only needs federal approval to be acted upon. People in the mountain state can start placing bets on college and professional sports if and when the decision is made.
Under the proposed bill, the state can tax licensed bookmakers after all winners are paid out at a rate of at least 10 percent.
Shawn Fluharty, a member of the West Virginian House of Delegates, has been a big supporter of sports betting. He believes the new industry can drive tremendous revenue for the state and help the state attract tourists that want to dabble in a bet, like people do legally all around the globe.
The bills gives all revenue gathered by the state after the first $15 million to the Public Employees Insurance Agency, improving the safety net for thousands of citizens.