U.S. gaming industry hanging hopes on stimulus package
Hit hard by the coronavirus pandemic, the American gaming industry, including the expanding legal sports betting market, is optimistic the federal relief bill signed into law Friday by President Donald Trump will help its recovery.
The $2 trillion CARES Act provides emergency liquidity, tax relief and additional support for small businesses, among other measures that could benefit the gaming industry. The funds will be allocated to states then apportioned to individual industries based on eco ...
Mar 31, 2020, 8:47 am - Lottery News forum
Coronavirus has brought casino industry 'to a near standstill'
The Covid-19 coronavirus has effectively quarantined the nation's gaming industry.
More than three dozen states with commercial casinos or Indian gaming facilities have taken actions to suspend casino operations, enacted limitations that led to a shutdown, or have seen gaming companies and tribal leaders independently close their properties.
By late Tuesday, MGM Resorts International one of the nation's leading gaming companies will no longer have a casino property in operation in the U.S. ...
Mar 21, 2020, 11:01 am - Lottery News forum
CT Lottery all-in on sports betting in state
The Connecticut Lottery is making a big push to include sports betting across the state.
Sports betting is a top priority for this year's General Assembly session and Governor Lamont is on board with the concept.
One year after a big blunder with a special New Year's super draw game in 2018, which has been attributed to human error, the new president and CEO of the Connecticut Lottery is touting that last budget year, the lottery games made $345 million for the state and gave out about $80 ...
Jan 17, 2019, 8:13 pm - Lottery News forum
Four NJ companies roll out sports betting as NFL season kicks off
On the day the National Football League season kicked off, four gambling companies either began offering sports betting in New Jersey or announced plans to do it soon.
The Tropicana casino said Thursday that it had reached a deal with William Hill Race Sports Book to offer sports betting in the near future. No timetable was given for the launch.
Hours later, the New Jersey Division of Gaming Enforcement said Caesars casino began online and mobile sports betting, but the casino said later i ...
Sep 7, 2018, 11:09 am - Lottery News forum
Iowa lawmakers, casinos, lottery 'all in' for sports betting
It's estimated that Americans spend somewhere between $100 billion and $150 billion annually on illegal sports betting.
Following a U.S. Supreme Court ruling in May overturning a federal law that had prohibited legalized sports betting in all but Nevada, Iowa lawmakers, retailers and casinos are looking at how best to bring black market bettors into the light.
They're all in, Rep. Jake Highfill, R-Johnston, said about Democratic and Republican colleagues who have been calling him since th ...
Jul 12, 2018, 9:59 am - Lottery News forum
WV Lottery Commission establishes rules for sports betting
The West Virginia Lottery Commission has set its rules for sports betting in the state, following an emergency meeting Thursday.
West Virginia Lottery Director Alan Larrick said the commission passed the sports betting rules, effective Thursday, to give the state's five casinos plenty of time to familiarize themselves with the various regulations outlined in the rules.
We're trying to do everything we can to get sports betting available by football season that's what our goal is, Larrick ...
Jun 22, 2018, 9:41 am - Lottery News forum
Joe Girardi pitches N.Y. legislature on sports gambling
Former Yankee calls for action before end of session
Joe Girardi wants New York's state legislators to take a swing at sports gambling.
The former New York Yankee player and manager came to the Capitol on behalf of Major League Baseball on Wednesday to advocate for a new state law regulating betting on sports. The door was opened to sports gambling in New York earlier this month when the U.S. Supreme Court struck down a federal law that limited the states where it had been allowed.
I t ...
May 31, 2018, 9:32 am - Lottery News forum
U.S. Supreme Court overturns federal sports-wagering ban
The U.S. Supreme Court struck down the federal law that bars gambling on individual sporting events in most of the country, in a ruling likely to unleash a race among the states to attract billions of dollars in legal wagers.
Ruling in a New Jersey case, the court said the 1992 law unconstitutionally forced states to maintain laws that ban gambling. Nevada is the only state where single-game wagering is now legal.
Sports gambling could begin in a matter of weeks in casinos and racetracks i ...
May 14, 2018, 11:03 am - Lottery News forum
Pennsylvania expands gambling to pay for budget
Pennsylvania Gov. Tom Wolf on Monday affixed what he hopes will be a final patch on a $2.3 billion budget deficit by signing into law sweeping new gambling provisions.
The state has doubled-down on its investment in the commercial gambling market, with new expectations of revenue from Internet-based games and a second string of casinos scattered around the Commonwealth.
The Pennsylvania Senate passed the far-reaching gambling expansion bill Wednesday that would legalize Internet games, aut ...
Oct 30, 2017, 5:08 pm - Lottery News forum
NJ lawmaker files bill to block new keno game
A new keno being offered by the New Jersey Lottery Commission essentially expands casino-style gaming outside the resort, according to legislation introduced by Assemblyman Vince Mazzeo, D-Atlantic.
In the proposed legislation, Mazzeo seeks to block the state lottery from introducing Quick Draw, a keno-style game for the lottery. Earlier this month the state lottery announced 400 locations across the state will soon offer the game.
The State Lottery is grossly overstepping their authority ...
Aug 1, 2017, 7:58 am - Lottery News forum