The AGA’s State of the States report has great things to say. Sports betting has hit the ground running, with 18 regulated states since the fall of PASPA.
Nearly $8 billion has been bet at legal US sportsbooks since the PASPA repeal. But H2 Gambling Capital’s David Henwood says that’s only the tip of iceberg.
Orrin Hatch’s federal sports betting bill seems more interested in pushing the leagues’ agenda than actually regulating sportsbooks well.
Rep. Jim Sensenbrenner (R-Wis.) is calling on the U.S. Department of Justice to weigh in on the federal sports betting landscape.
Several concerned groups have sent letters to a House Judiciary subcommittee to offer contrasting opinions about the post-PASPA world of sports betting.
Ahead of a congressional hearing on sports betting, two members of Congress urge caution in introducing federal legislation to regulate the market.
Perhaps the reason states are in no rush to launch mobile sports betting is lingering concerns about federal money laundering issues.
It looked like Congress was going to talk sports betting, but a busy calendar pushed the hearing on wagering back on the calendar.
While leagues and state lawmakers lobby for bigger pieces of the sports betting pie, the American Gambling Association (AGA) wants the federal wagering tax cut.
The Supreme Court opened the door for legalized sports betting throughout the United States. And while that is great news for sports enthusiasts, it is still not a free and open market.