happy Monday, everyone. We finally have an answer to last week’s big news: voters across the country approved sports betting at every opportunity.
Oh right – the presidential election was significant too. The team has broken down all the discussions about voting chances and whether they will be featured in a US sportsbook anytime soon LSR podcast.
The @ LSPReport The Twitter feed was also a great place to keep up with the impact of last week’s elections on the world of sports betting.
Top Sports Betting News: Legalize Three More States
It was a significant week for US sports betting as the majority of states now allow sports betting.
Sports betting was approved by voters in Maryland, Louisiana and South Dakota last Tuesday but it will be some time before legal bets are placed. The referendum questions in the three states were yes / no approvals with no specific details.
All three lawmakers will work to define rules and regulations through draft legislation in the EU 2021 Session. That will mean that all three states are likely to rush to a September 2021 deadline to profit from NFL betting, though either of them could slip to one 2022 start.
Oh oh oh
News from Ohio hasn’t been particularly good for sports betting over the past week.
Ohio Sports betting still has a chance to legalize this year but could run into trouble if it doesn’t: three of the four sponsors are not returning in 2021. Dave Greenspan MP and It is. Sean O’Brien lost their races during Late. John Eklund retired.
The possible conditions for sports betting in Ohio were also affected last week. The latest draft of HB 194 cuts the available licenses two per Casino / Racino, from three. That would limit the market to 22nd Sports betting provider.
Other minor details have been tweaked, but important issues like the tax rate (8th%), Controller (Casino Control Commission) and license fees ($ 100,000 everyone 5 years) stayed the same.
DraftKings Sportsbook refuses the power of attorney agreement with Wetter
DraftKings Sports Betting confirmed that there was no agreement that allowed the use of a proxy in New Jersey between a whale who bet $ 3 million on a three-legged parlay and sports betting director Johnny Avello.
The nameless bettor claimed this was the case in SportsHandle’s first report.
The bettor claimed he placed bets on through a proxy Wynn Las Vegas when Avello was there. DraftKings NJ Sports Betting House rules prohibit anyone other than the account holder using the account to place a bet.
Canada is taking another blow in single game sports betting
Our neighbors to the north seem to have enough momentum to expand their sports betting industry.
MP Kevin Waugh filed C-218 in February to legalize single game sports betting at the federal level. The country currently only allows betting on parlays of two or more events.
According to the Canadian Gaming Association, of $ 14.5 billion Bet on sports in Canada only 500 million CAD it comes from the legal parlay market.
The bill was heard in the House of Commons last week with several members and parties speaking in support of the legislation. However, it will be a while before we hear about it again. The second hour of the debate is scheduled for February 2nd, according to the Canadian Gaming Association.
Virginia remains calm with sports betting applicants
The next state to place its first legal sports bet should be Virginia in January. Right now, however, the industry has no idea who might take this bet.
The Virginia Lottery does not publish the list of operators who applied last month to offer VA sports betting “at this time,” a lottery spokesman said.
Through public reports and sources with knowledge of the industry plans, LSR knows five applicants from Virginia:
- DraftKings Sports Betting
- theScore Bet
Virginia could be one of the first sports betting markets to have a significant Wynn presence. Although the company is based in New Jersey, things got off to a relatively quiet start. But the company signed an agreement with NASCAR to serve as the official online sportsbook for two Virginia routes, if state-approved.
Wynn invested 80 million dollars in its interactive joint venture with BetBull as it seeks additional revenue while land-based gaming in the US and Macau is hit by the coronavirus pandemic.
FanDuel, Memphis Grizzlies partner of the NBA
FanDuel took his first NBA Sports betting partnership, official sports betting partner of Memphis grizzlies.
The timing of the announcement is no surprise considering that FanDuel Sportsbook was one of the first four operators to go live on the internet Tennessee Sports betting market.
FanDuel will also act as the exclusive official daily fantasy sports Partner of the Grizzlies.