Gambling in the USA
PGA Tour welcomes regulated sports betting
The PGA Tour declares its support for regulated and legalised sports betting, in the wake of Supreme Court ruling in Christie v. NCAA case that seeks to lift the federal ban on state-sponsored sports betting imposed by the Professional and Amateur Sports Protection Act of 1992. At present, Four states are exempt from the law, and Nevada is the only one allowed to offer betting on single games. The Supreme Court is expected to provide ruling on the before its July recess.
The PGA Tour, while supporting the regulated environment, seeks an “integrity fee,” likely 1% of the handle from betting operators as well as input or control over the types of wagers offered to mitigate corruption. And it wants gambling operators to use only official data it produces.
In this context, the PGA Tour would welcome regulated and legalised sports betting on its competitions if the Supreme Court overturns the federal ban that prohibits such bets in most states.
“You have to keep in mind that betting is happening right now, with illegal black markets and offshore betting, and we don’t have any exposure to what is happening,” PGA Tour commissioner Jay Monahan told USA TODAY Sports in his first public comments on the issue. “If it’s legalized and regulated, you get to a point where you can better ensure the integrity of your competitions. You can provide adequate protection for consumers, which doesn’t exist today. There are commercial opportunities for us, which is one of the things we’re here to do, which is to create and maximize playing and financial opportunities for our players. And we believe we’d reach a much broader audience.”
“If the court decides the law is not constitutional, then it will obviously change the landscape of sports in the United States in a significant way,” said Andy Levinson, PGA Tour senior vice president of tournament administration.
The Tour has invested considerable time and money studying sports betting for several years, Monahan says, meeting with regulators, integrity experts, betting operators and others in the gambling industry. Monahan says the Tour has collaborated with the NBA and Major League Baseball to align lobbying efforts on the state and federal levels for legislation it supports.
For instance, the Tour seeks an “integrity fee,” likely 1% of the handle from betting operators. The Tour also wants input or control over the types of wagers offered to mitigate corruption. And it wants gambling operators to use only official data it produces.
“We’re making sure our voice is being heard,” Levinson said. “A lot of things remain to be determined. It’s not simply switching a switch. When the court rules it’s going to be big news for a while.”
Monahan says the Tour recently launched integrity programmes in coordination with sports data company Genius Sports, which monitors all of the Tour’s events in real time for suspicious betting activity. In part, the programme prohibits players, caddies, staff and others connected to the Tour from betting on professional golf through an operator or providing inside information to others for betting golf.
Genius Sports also provides integrity educational services, including an online module that is mandatory for all members. Plus, the Tour has installed a system for investigating and sanctioning parties for violations. Players have been kept apprised of the potential for legalized sports betting, and Levinson says “they are on board.”
Adding to the uncertainty in the looming Supreme Court decision is whether Congress would be involved and whether online sports betting would be allowed. Levinson spent time in the U.K. where legalised sports betting is prevalent. He learned that 95% of the handle is bet online. In the U.S., only Nevada has online betting within its borders.
Levinson says if sports betting is limited to brick and mortar casinos, illegal online gaming will continue on a massive scale. Legalised mobile betting would help states maximise tax revenues, promote integrity and protect consumers, he says.
All in all, fans are a long way off from being able to legally bet that Tiger Woods would win a tournament or that Jordan Spieth would best Rickie Fowler in a head-to-head wager. Regulatory bodies would have to be created on the state level, licensing fees determined, a sports betting system put in place — all contingent on the Supreme Court’s decision.
“The point some people will make is that we are now actively supporting legalized gambling. Well, yes, we are,” Monahan said. “Because we want to protect the integrity of our competitions, protect the consumer, and there are commercial opportunities. And we have a fan-first mentality. We want to grow and diversify our fan base. There are a lot of things we are doing to address that, and this could be another avenue that contributes to that.
“Like anything else we do, we are being very thoughtful. If we’re to go down this path, and it’s a big if, because at this point there is a lot of uncertainty, we’ll be prepared and we’ll protect our players and protect our constituents who are involved.”
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
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Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation and culinary excellence. The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si.
Galaxy Gaming Inc., the world’s largest independent developer and distributor of casino table games and technology announced, at a special meeting of its stockholders held on November 12, 2024 (the Special Meeting), Galaxy Gaming stockholders voted to approve the Company’s acquisition by Evolution Malta Holding Limited (Evolution), Evolution AB (publ)’s wholly owned subsidiary. Galaxy Gaming will file a Form 8-K with the U.S. Securities and Exchange Commission reporting the final voting results of the Special Meeting.
Caesars Virginia has announced that its highly anticipated opening date will be Thursday, Dec. 12, 2024. The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date. Caesars Virginia is a 587,000 square foot casino resort with more than 90,000 square feet of gaming space.
Partnerships
NGX has entered into a strategic partnership with Sportradar, a global leader in sports integrity solutions, which collaborates with more than 180 sports federations and leagues. The agreement aims to support the Brazilian football federations of Rio Grande do Sul, Paraná and Pará, providing detailed reports to ensure the integrity of sporting events and combat fraud.
EvenBet Gaming has announced the launch of its advanced poker solutions in partnership with JugaMax, one of the largest and most respected casino operators in Paraguay. This strategic collaboration marks EvenBet’s debut in the Paraguayan iGaming market, solidifying the company’s expansion within Latin America. The newly established partnership enables the integration of EvenBet Gaming’s poker offering on the JugaMax platform.
Jackpocket, the leading lottery app in the US, and Barstool Sports announced a new collaboration naming Jackpocket as the “Exclusive & Official Digital Lottery Partner of Barstool Sports”. The deal with Barstool follows Jackpocket’s parent company, DraftKings, announcing a similar agreement with the media company in February 2024. This collaboration centers around the integration of Jackpocket in Barstool’s content. Fans can participate in the lottery alongside some of Barstool’s biggest names such as Dave Portnoy, Big Cat & PFT from Pardon My Take – the leading sports podcast in America, Wallo & Gillie from Million Dollaz Worth of Game and more.
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
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Accel Entertainment Inc. has announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT, its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalisation of the existing land-based network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
BetMGM Poker has become the third US operator to offer multi-state online poker. The company has merged its player pools in Michigan and New Jersey. Both states are a part of the Multi-State Internet Gaming Agreement, which allows online poker networks to share liquidity and players in participating markets. The two-state network went live Wednesday afternoon after morning maintenance.
Betsson Group has celebrated its success at the SBC Awards Latinoamérica 2024, winning two prestigious awards: Sportsbook Operator of the Year and Leader of the Year, which was awarded to Kevin Saliba, Commercial Director (Business Development) for Latin America. This marks the second consecutive year Betsson has earned the Leader of the Year accolade, following Andrea Rossi’s win in 2023 – an achievement that underscores Betsson’s consistent leadership in the region.
Partnerships
Play’n GO has announced a new operator partnership with renowned gaming brand Hard Rock Digital for their top-rated Hard Rock Bet online casino platform in New Jersey. The Hard Rock brand is synonymous with entertainment worldwide, and this partnership will see Hard Rock Bet players in New Jersey gain access to hit Play’n GO titles such as Piggy Blitz, Book of Dead and Rise of Olympus 100.
SCCG Management, a global leader in gaming innovation and advisory, has announced a strategic partnership with Chata.AI, a technology provider specialising in self-service, proactive analytics that enables businesses to access real-time insights without requiring extensive technical expertise. This partnership introduces Chata.AI’s technology to the gaming industry, providing operators with powerful tools to streamline decision-making and increase operational efficiency.
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
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Partnerships
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