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Gambling in the USA

American pro sports leagues hedge their bets on legal gambling

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American pro sports leagues hedge their bets on legal gambling
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In court, all four major U.S. sports leagues are fighting New Jersey’s challenge to the federal ban on sports gambling, which the Supreme Court will hear next month.

 

Outside of court, leaders of three of the four leagues have made public comments that suggest they wouldn’t mind losing the case. Only the NFL has been steadfast in its opposition to gambling, a stance that critics see as hypocritical, especially as the Raiders plan a move to a billion-dollar stadium just off the Las Vegas Strip.

As the Supreme Court prepares to hear a case that could lead to the federal ban on sports betting being struck down, the leagues are hedging their bets — preparing for a future of expanded gambling and hoping to have a say in how legalization takes effect.

The NBA and Major League Baseball see gambling as something that could enhance fan interest and open up new revenue opportunities. However, the leagues insist that appropriate regulations should be put in place to prevent corruption — something that a court ruling in New Jersey’s favor wouldn’t do, at least not right way.

Much has changed since 2012, when the leagues and the NCAA sued New Jersey Gov. Chris Christie to stop him from legalizing sports betting at the casinos and racetracks in his state. At the time, MLB and the NBA were led by old-school commissioners who bore the scars of gambling scandals in their leagues, including Pete Rose in baseball and referee Tim Donaghy in basketball. Baseball’s Bud Selig said in a deposition that gambling was “evil, creates doubt and destroys your sport.”

Selig and the NBA’s David Stern have since been replaced, respectively, by Rob Manfred and Adam Silver, both of whom have taken a fresh look at gambling.

Silver argued three years ago in a New York Times op-ed that sports gambling should be legalized. Manfred said earlier this year that gambling “can be a form of fan engagement, it can fuel the popularity of a sport” — and he raised the prospect of people betting during games on whether the next pitch will be a strike. He’s also said MLB wants a seat at the table if Congress considers legalization.

NHL commissioner Gary Bettman has said gambling isn’t a major concern because so little money is wagered on hockey compared to other sports. The NHL this season became the first major U.S. league to place a franchise in Las Vegas, where sports gambling is legal, and the NFL will follow in 2019. For the past several years, the NFL has also played games in London, where people can bet on sports online. Commissioner Roger Goodell has conceded that his position on the issue has “evolved.”

I think there are multiple signs of the sports leagues, including the NFL, taking a fresh look at this issue. You don’t place a team in Nevada, in Las Vegas, without an understanding that the issue is changing. Frankly, you don’t play games in Wembley Stadium, where most of the people in the stands are betting on their phones during the game, without an understanding that things are changing,” Geoff Freeman, CEO of the American Gaming Association, told The Associated Press. “For those that want to see sports betting, the trajectory is in their favor.

The NFL teams have invested in daily fantasy sports even though the NFL itself hasn’t. It’s just so inconsistent,” Pallone said. “How do you make the case and say that’s not gambling?”

New Jersey is challenging the constitutionality of the federal ban on sports betting that Congress approved in 1992. The ban only allowed sports betting in the four states that had previously authorized it, and only Nevada’s law at the time allowed bets on individual games. In Delaware, casinos offer parlay bets on NFL games.

I go through Delaware and they allow it, and I come to my own state and they’re not allowed to do it. It’s just ridiculous,” Pallone told AP. “I think there’s a good chance that the court is going to say you can’t say to one state they can have sports betting and another state that they can’t, and then dictate what state has what.

Opponents maintain that state-sponsored gambling preys on vulnerable people and creates a variety of social ills. A coalition of anti-gambling and religious groups argued in a brief that legalized gambling would open the door for casino companies to further “target and exploit the financially desperate, exacerbate crime, cultivate addiction, and force even those citizens who rarely or never gamble to foot the bill for the enormous social costs and state budget problems they leave behind.”

While legal sports books could entice more people to place bets, the practice is already widespread. The AGA estimates that Americans bet $150 billion on sports annually, and only 3 percent of those bets are made legally.

The technology that allows more people to place bets has also enabled data collection that makes game-fixing more difficult because suspicious betting patterns can be seen in real time. With most pro players making millions, it’s unlikely they would risk careers and jail by throwing games.

Game-fixing is much easier to stop and prosecute in countries with legal betting than in places without it, said Andreas Krannich, an executive at Sportradar, a London-based gambling security firm.

“In a well-regulated market, the risk of manipulation is less,” Krannich said, because bookmakers “participate in the detection and the follow-up of criminal cases.

The leagues are concerned that the Supreme Court could allow sports gambling to become legal without those protections in place. NBA spokesman Mike Bass said the league “prefers a comprehensive federal approach to legalized sports betting, as opposed to a hodgepodge of state-by-state laws.

If the court rules against the leagues, it would be up to the states to regulate gambling themselves until Congress steps in.

The integrity of the games — and I know from my discussions — is the No. 1 priority of the leagues,” Freeman said. “We share that desire for integrity. I think increasingly, people recognize that the surest way to guarantee integrity is in a regulated market.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 27-December 3

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new appointments. Read on and get updated.

Latest News

Rush Street Interactive announced that a woman from Cumberland County, NJ hit the IGT MegaJackpot at BetRivers.com. The 33-year-old woman hit the jackpot with a $0.60 bet, winning $662,000 while playing at home on her mobile phone.

betJACK has received a top ranking among the nation’s largest online sports betting brands. In a comprehensive evaluation conducted by research firm Eilers and Krejcik, betJACK emerged as a top performer, securing its place alongside the nation’s best online sports betting products.

On 26 June 2024, the starting pistol will be fired in São Paulo for the first gamescom latam, the new gamescom satellite event for all of South America. This was announced at an event in Brazil by the involved partners: game – The German Games Industry Association, Koelnmesse, BIG Festival and Omelete Company.

The Global Esports Federation’s pro-series – Global Esports Tour (GET) – will kick off its next season in Rio de Janeiro, Brazil, in April 2024. Staged by the Brazilian Confederation of Games and Esports (CBGE) and strongly supported by Brazil’s National, State and Local partners. The event promises intense competition and a boost for economic and tourism development in the vibrant city.

As part of its strategic review, Kindred Group will exit the North American market with the expectations to have fully exited operations in the market by the end of Q2 2024, subject to the regulatory process. The Group also announced decisive actions to drive growth on core markets and dedicated cost reduction initiatives, which includes a reduction of over 300 employees and consultants during 2024.

Golden Nugget Casino Biloxi was one of several Coast casinos where the buffet didn’t return after the pandemic, and now that space is about to be repurposed. Golden Nugget and DraftKings announced last Tuesday the addition of a high-tech retail sportsbook area that will open in January.

iGaming Ontario (iGO)’s vision is to lead the world’s best gaming market, which includes building a safer and more enjoyable experience for all igaming players in Ontario. To support players who decide to stop or take a break from gambling, iGO is going to issue a request for proposals (RFP) in early 2024 for a centralised self-exclusion solution that will enable a player to self-exclude from all Ontario regulated igaming operators in a single registration process.

Jackpot Digital announced that it has received licensing approval from the Jackson Rancheria Tribal Gaming Agency, the regulator for Jackson Rancheria Casino Resort located in Jackson, California.

New Appointments

Aruze Gaming Global has appointed Betty Zhao as its SVP of International Operations. Formerly the Chief Operating Officer at LT Game since 2007, Betty Zhao demonstrated a unique blend of strategic vision and operational excellence in overseeing LT Game’s operations, including marketing, sales, product development and casino operations.

Betsul has appointed Fernando Garita as its new CEO. With more than two decades of expertise in the gaming industry sector, Garita served as regional director and director of business development at Betcris, in addition to having an extensive portfolio of projects throughout Latin America, as well as Asia.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 20-26

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Juicy Stakes Casino has announced Thanksgiving-themed promotions, offering various incentives to its players during the festive season. The online platform aims to engage its audience through a series of offers centred around the Thanksgiving holiday. One of the main features of their promotional campaign is the Thanksgiving Dinner Lucky Pick. This offering aims to provide players with a chance to uncover surprises and exclusive deals by selecting from four Thanksgiving platters. These selections may yield Free Spins, Deposit Bonuses and Poker Promotions.

Bet365 has announced its official launch into the state of Louisiana. With this news, the Pelican State becomes the seventh state of bet365’s expansion in the US, which already includes Colorado, Iowa, Kentucky, New Jersey, Ohio and Virginia.

New York State’s Responsible Play Partnership, consisting of New York Council on Problem Gambling (NYCPG), New York State Office of Addiction Services and Supports (OASAS) and New York State Gaming Commission, continues to improve the voluntary self-exclusion (VSE) process at gaming facilities across the state. The NYCPG has launched a new free VSE Support Programme to help individuals who recognise they may have a gambling problem quickly find the resources they need to exclude themselves from gambling activities in New York.

Partnerships

Bet365 have extended their support of the US Darts Masters with a new sponsorship agreement for the World Series of Darts event in New York. The leading online betting sportsbook has enjoyed two successful years as the title sponsor of the US Darts Masters since the event moved to The Theatre at Madison Square Garden. The bet365 US Darts Masters is one of the World Series’ most popular events, with eight top PDC stars facing off against eight North American contenders across two days.

Hornets Sports & Entertainment and bet365 announced an exclusive long-term partnership under which bet365 becomes an Official Partner of the Charlotte Hornets and will become the Official Mobile Sports Betting Partner of the Charlotte Hornets subject to bet365 becoming licensed to operate in North Carolina. The partnership provides bet365 with significant branding and signage at Spectrum Centre, as well as on hornets.com, Hornets social media platforms, the Hornets App and the team’s TV and radio game broadcasts.

BetMGM has collaborated once again with actress and singer Vanessa Hudgens for its latest online casino campaign, “Library of Games”. The campaign premiered on Monday, Nov. 20. It is a 30-second fresh spot featuring Vanessa Hudgens in an iGame library, and it comes to life using the BetMGM app on her smartphone.

Pragmatic Play is achieving further expansion in Paraguay and Brazil after signing a multi-vertical deal with Giro Win. The deal encompasses the supplier’s Slots, Live Casino and Virtual Sports products, bringing its portfolio to an even greater LatAm audience. Pragmatic Play’s Slots portfolio has seen numerous player-favourite additions in recent weeks that will soon be available for Giro Win’s costumers, including new titles in the iconic Big Bass franchise as well as the renowned John Hunter series. The agreement also includes award-winning staples such as Sugar Rush and Gates of Olympus.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 13-19

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Spatial announced its first season of in-house games; Punch Hero, Racing Empire, Infinite Ascent, Shooty Shooty, Mostly Only Up, Buddy Blitz, & Cyber Punk: Neon Ghost, as well a host of externally built games from leading gaming studios, IzyPlay and Zaibatsu. This marks the first of several releases for Spatial in time for the holidays, with more Spatial-built and external games to be announced, giving developers the power to build the most beautiful games for the browser straight out of Unity – redefining the boundaries of web-based gaming.

Great Canadian Casino Resort Toronto announced that its brand-new, state-of-the-art poker room is now fully open with all 30 tables operating around the clock, seven days a week and the introduction of its “Bad Beat” Jackpot. Located on a private floor, this exciting addition to Canada’s largest and newest casino resort caters to the vibrant poker community’s growing demand.

Bragg Gaming Group Inc. announced that President and Chief Operating Officer, Lara Falzon, has provided notice that she will resign from her positions, effective December 31, 2023. Ms. Falzon will remain actively involved in the day-to-day operations of the Company until this date.

Everi Holdings Inc., a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions and bingo, announced the deployment of Entegrity, Everi’s fourth-generation Anti-Money Laundering (AML) solution, at Prairie’s Edge Casino Resort in Granite Falls, Minn.

The Registrar of the Alcohol and Gaming Commission of Ontario (AGCO) has issued PointsBet Canada Operations 1 Inc., a registered internet gaming operator, a Notice of Monetary Penalty totaling $150,000 for failing to meet Ontario’s responsible gambling requirements.

International Game Technology (IGT) announced that it recently installed its Floor Manager systems technology at Casino of Mendoza in Godoy Cruz, in the province of Mendoza, Argentina, marking the solution’s first deployment in the region.

Partnerships

International Game Technology PLC announced that it is growing its sports betting presence in Puerto Rico via a multi-year IGT PlaySports technology and services agreement with Ponce Plaza Hotel & Casino. Located in Ponce, Puerto Rico, the casino will leverage IGT PlaySports’ award-winning technology and experienced trading advisory services team to power Puerto Rico’s first casino brand-led retail and mobile sportsbook, PlayBets by Ponce Plaza.

Paysafe, a leading payments platform, announced a new partnership with Fanatics Betting and Gaming, the subsidiary of global digital sports platform Fanatics Holdings Inc. Under the deal, Fanatics Sportsbook has integrated with Paysafe to offer its customers traditional card payments and other alternative payment methods (APMs).

Elys Game Technology Corp., an interactive gaming and sports betting technology company, announced a market access agreement with Caesars Entertainment that unlocks immediate access to the lucrative Colorado sports betting market. This strategic agreement signals Elys’ first entry into the North American mobile sports betting landscape.

emerchantpay, a leading global payment service provider and acquirer, announced that it will further support well-established gambling operator Pinnacle in the Ontario market. The announcement comes as the two businesses celebrate the one-year milestone of this strategic partnership facilitating the operator’s expansion in Ontario.

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