On Thursday, Tennessee’s Sports Wagering Advisory Council (SWAC) met to interview three final candidates for its vacant executive director position. After a thorough final interview process, the council chose to extend an offer to candidate Mary Beth Thomas. All nine council members voted in Thomas’ favor.Read More
As the Florida Legislature reconvened in Tallahassee Monday for a special session to iron out the details of the state’s new gambling compact with the Seminole Tribe, one former Republican Governor spoke out against the deal.
“South Florida is on a roll!” failed 2016 presidential candidate Jeb Bush said in a statement. “Our great quality of life and an incredible surge of job creators to our region have put us on a path for rising income and prosperity for many more of our neighbors. At the time when our economy is poised for an unprecedented takeoff after taking a hit from the pandemic, now is not the time to expand casino gambling which will benefit a handful at the expense of many.”Read More
Gov. Ron DeSantis (R) is expected to reach an agreement with the Seminole Tribe to bring sports betting to the Sunshine State, as well as expanding current gambling rules.
“The broad parameters of the deal — as confirmed by multiple sources — are that the Seminole Tribe would control sports betting in the state and would offer it at their casinos, including the Hard Rock locations in Hollywood and Tampa,” according to POLITICO. “But sports betting would also be allowed at existing tracks and other poker rooms around the state where the tribe and other gambling operators would split the revenue generated.”Read More
In Virginia’s first full month of legal gambling, the commonwealth’s sportsbooks took in about $265.8 million in wagers, which is the second largest sum for any state in its first full month.
Legalized gambling began in mid-January, taking in $58.9 million that month. In the 28 days of February, the state more than quadrupled that number. The per-day amount of money spent on wagers nearly doubled from $5.4 million in January to $9.5 million in February. The per-day jump is the largest any state has seen in one month.
“The enthusiasm from bettors will eventually settle down, and sportsbooks will pull back a bit from this heavy promotional period,” Jessica Welman, an analyst for PlayVirignia, said in a statement. PlayVirginia is an organization that provides analysis on the gaming industry in the commonwealth.Read More
Legislation legalizing sports betting in Georgia has cleared the Georgia Senate and will be considered in the House.
Senate Resolution 135 would amend Georgia’s Constitution to legalize sports betting as a game played through the state lottery, which already is a legal form of gambling in the state.
The resolution cleared the Senate, 41-10, last week. If SR 135 passes the House, Georgians would vote on the constitutional amendment in the 2022 general election. Sports betting would then be legal by January 2023.Read More
A seemingly-innocuous bill in the Virginia Senate is causing quite a stir among the Commonwealth’s bingo community.
According to the summary of SB 1127, introduced by State Sen. Bryce Reeves (R-17th District), the bill “Removes the requirement that an organization qualified to conduct bingo games may only play instant bingo, network bingo, pull tabs, or seal cards as part of such bingo games and at such times designated in a permit, if any, for regular bingo games.”Read More
During the COVID-19 pandemic, states are turning to new revenue sources in an attempt to avoid raising taxes while filling a projected gaping budget deficit.
For Minnesota, that number is a $1.3 billion projected shortfall for fiscal year 2022-2023.
But top lawmakers say two revenue sources that have been popular in other states are unlikely to be signed into law this year; namely, the legalization of recreational marijuana and online sports betting.Read More
Forget the stimulus checks for $1,400. We can double that this weekend with two lock games I have for you.Read More
The nearly quarter-million dollars in winning wagers reportedly placed at MGM Resorts last Sunday might be the largest sportsbook loss in Las Vegas history on bets made after an event has started.
Seven longtime Las Vegas bookmakers can’t recall a larger loss, the Las Vegas Review-Journal reports. But each oddsmaker has taken hits on past posts and said it’s a fairly common occurrence at books.Read More
House lawmakers on Thursday passed a bill to legalize sports wagering in Ohio, a move that could generate millions in tax revenue for the state.
House Bill 194 levies a 10 percent tax on gross gaming revenue with proceeds to benefit education in the Buckeye State. The measure could bring in $17.7 million in additional revenue for the state during the 2022 fiscal year and $23 million during the 2023 fiscal year, according to the Legislative Service Commission (LSC).Read More
In terms of legislation, 2018 may be considered one of Ohio’s most impactful years in recent history. From the approval of the first medicinal marijuana dispensary to new abortion limitations, 2019 will see a dramatic change for many Ohioans. Compiled below are ten of the most significant changes coming to the…Read More