NY attorney general says that DraftKings and FanDuel constitute illegal gambling
The New York State attorney general on Tuesday ordered the two biggest daily fantasy sports companies, DraftKings and FanDuel, to stop accepting bets from New York residents, saying their games constituted illegal gambling under state law.
The cease-and-desist order by the attorney general, Eric T. Schneiderman, is a major blow to a multibillion-dollar industry that introduced sports betting to legions of young sports fans and has formed partnerships with many of the nation's professional spo ...
Nov 11, 2015, 11:08 am - Lottery News forum
State lotteries head to Washington to enforce states' rights on gambling
Restoration of America's Wire Act legislation would restrict your rights to spend your money as you please
State Lottery officials from across the United States held meetings with members of Congress today in Washington, D.C., to add their voices to those of state lawmakers advocating for the federal government to continue to support states' authority to establish their own gambling policies.
The lottery officials expressed their concerns about proposed federal legislation designed to res ...
Mar 25, 2015, 10:57 am - Lottery News forum
Mass. Lottery wants to experiment with online gaming
Massachusetts Lottery officials asked lawmakers Tuesday to pass legislation that would let the agency experiment with online gambling.
We are not proposing to offer these games to our players with an actual cash transaction, nor are we seeking any appropriation to fund such operations, Lottery Assistant Executive Director Beth Bresnahan told the Committee on Consumer Protection and Professional Licensure. Rather, in the interests of preserving and protecting the Lottery, we simply want to en ...
Jan 29, 2014, 9:24 am - Lottery News forum
Ultimate Poker to become first legal, real-money online poker site in US
But you have to be physically present within the state of Nevada to play
On Tuesday, UltimatePoker.com is expected to launch what will become the country's first fully legal online poker site, with one major catch: it will be limited to those physically present within the state of Nevada.
Neither the site nor state regulators have said precisely what means they will use to determine a player's location, but Nevada state officials said previously that it would be far more extensive than sim ...
Apr 30, 2013, 3:07 pm - Lottery News forum
888 is first online gambling company to win US license
888, a London, UK-listed operator of online casino, bingo and poker games, today announced that it has gained a license to operate in the United States.
The online gaming giant, which is headquartered in and regulated by the Government of Gibraltar, says the Nevada Gaming Commission has approved the licensing of 888 as an 'Interactive Gaming Service Provider' at a meeting held in Las Vegas, and in connection therewith the licensing of its key executives and controlling shareholders.
Mar 23, 2013, 9:54 am - Lottery News forum
N.J. Gov. Christie signs online gambling bill
Internet gambling scores its biggest win
New Jersey on Tuesday became the biggest state yet to allow regulated online gambling, establishing a template that proponents hope other states will follow for a business that federal authorities long treated as a criminal enterprise.
The new law allows Atlantic City's casinos to run websites that take bets on games such as blackjack, slots and poker. It also could help legitimize online-gambling companies whose executives the U.S. Justice Departme ...
Feb 26, 2013, 9:30 pm - Lottery News forum
Nevada governor signs online gambling bill
Gov. Brian Sandoval signed legislation Thursday legalizing online gambling in Nevada, capping a dizzying day at the Legislature as lawmakers passed the bill through the Assembly and Senate as an emergency measure.
Nevada wanted to beat New Jersey, its East Coast casino rival, to the online gambling punch. New Jersey Gov. Chris Christie previously vetoed an online wagering bill but has indicated he may sign an amended version next week.
Sandoval and Nevada legislative leaders said it was im ...
Feb 22, 2013, 6:01 am - Lottery News forum
Tech industry sets its sights on gambling
Look out Las Vegas, here comes FarmVille.
Silicon Valley is betting that online gambling is its next billion-dollar business, with developers across the industry turning casual games into occasions for adults to wager.
At the moment these games are aimed overseas, where attitudes toward gambling are more relaxed and online betting is generally legal, and extremely lucrative. But game companies, from small teams to Facebook and Zynga, have their eye on the ultimate prize: the rich American ...
Feb 18, 2013, 11:46 am - Lottery News forum
Is the future of the Mass. Lottery online?
Includes audio report
Massachusetts has the highest per capita spending on the lottery, and the Massachusetts State Lottery raked in almost $1 billion in net profit last year.
And yet, some state officials say there's an imminent threat to the Massachusetts lottery internet gambling. State Treasurer Steve Grossman wants to beat both the federal government and private gambling companies to the punch. He plans to ask the Legislature to change state law so that the Massachusetts lottery can g ...
Jan 10, 2013, 9:18 am - Lottery News forum
Mass. Treasurer pushing for Internet lottery sales
Massachusetts State Treasurer Steven Grossman is gearing up to ask state lawmakers for permission to create and test what he hopes will be a first wave of Internet lottery games in Massachusetts.
Grossman said Tuesday that he plans to ask the Legislature to eliminate existing barriers in state law that prevent the lottery from selling tickets and other games online or accepting credit cards as a form of payment.
Grossman said the kinds of lottery items for sale on the Internet could includ ...
Dec 12, 2012, 10:14 am - Lottery News forum