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TagResults 1 - 10 of 20 for sports betting. (0.02 seconds)

Maryland may be 1st to hold fantasy sports referendum
Maryland would become the first state to let voters decide whether the popular but controversial phenomenon of Internet fantasy sports betting is fully legal, under a bill now pending in the legislature. But if the House of Delegates decides not to put the matter to referendum or if the referendum happens and voters say no another pending bill would explicitly ban the practice, which has been debated all over the country. Nearly 30 legislatures are considering proposals to regulate, ban or af ...
Mar 25, 2016, 4:06 pm - Lottery News forum

Virginia becomes first state to formally legalize daily fantasy sports
Virginia Monday signed into law the Fantasy Contests Act, a bill outlining how daily fantasy sport sites like DraftKings and FanDuel can operate legally in the state. The law is the nation's first formal recognition of the industry after months of heated legal activity in multiple states. Regulators and lawmakers around the country have sought bans on the websites on the grounds they constitute illegal online gambling. The Virginia legislature first approved the new bill in February. Governor ...
Mar 7, 2016, 9:24 pm - Lottery News forum

Las Vegas woman wins $100,000 on $5 NFL parlay bet
Only the 2nd bet she has ever made One of the biggest long shots in betting history will be cashed on Wednesday afternoon when Tayla Polia gets paid $100,005 for her $5, 15-leg NFL parlay that came through this week. The 26-year-old Polia, who moved to Las Vegas two months ago, got 20,000-to-1 odds on the parlay card on betting firm William Hill's mobile site. She cashed in by being on the right side of the point spread in 14 games and correctly picking the over in the Steelers-Broncos gam ...
Dec 26, 2015, 1:42 pm - Lottery News forum

Fantasy sports sites back in business in N.Y. after appeal
DraftKings Inc. and FanDuel Inc. can continue doing business in New York for now, after an appeals court halted a trial judge's order to temporarily halt daily fantasy games in the state. An appeals judge on Friday granted the companies a reprieve until an appellate panel has a chance to rule on a request to block the temporary ban while the companies challenge it. Final papers in this first stage of the appeal are due Jan. 4, said Joshua Schiller, a lawyer for DraftKings, meaning New York ...
Dec 11, 2015, 5:16 pm - Lottery News forum

NY judge sides with attorney general against fantasy sports websites
New York convinced a state court late Monday to reject demands from DraftKings and FanDuel two popular fantasy sports operators to issue restraining orders blocking the state attorney general from making good on his threats to shut them down in New York. The state's attorney general, Eric Schneiderman, is demanding that the world's leading online fantasy sports wagering websites stop operating in New York because he claims they're too much like a lottery, even though New York operates a state ...
Nov 17, 2015, 10:44 am - Lottery News forum

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

Georgia lottery officials question legality of fantasy sports companies
Georgia Lottery officials are questioning whether the daily fantasy sports industry can legally operate in the state, according to a letter sent last month to CEOs of DraftKings and FanDuel. Georgia Lottery General Counsel Joseph Kim said in the Sept. 23 letter that the companies appear to violate the Georgia Constitution, which generally bans gambling except for state lottery-run games. Kim said Monday that neither company responded by the Friday deadline given in his letter. He said lott ...
Oct 20, 2015, 8:42 am - Lottery News forum

Supreme Court rejects Delaware appeal to expand sports betting lottery
The Supreme Court has turned away an appeal from Delaware to expand its sports betting lottery beyond professional football. The justices did not comment Monday in leaving in place a federal appeals court ruling that limits sports betting in Delaware to multi-game, or parlay, bets on National Football League games. The professional sports leagues and the National Collegiate Athletic Association sued the state over its plan to boost revenues by offering single-game bets on a variety of prof ...
May 3, 2010, 10:43 am - Lottery News forum

Del. bettors can wager up to $3K in sports lottery
The Delaware sports betting lottery starting this week will allow gamblers to plunk down a couple of bucks, or a few thousand, on NFL teams, officials said Tuesday. Minimum wagers in the new lottery, which starts Thursday, will be $2. The maximum wager, depending on the type of bet, will be $3,000. For each wager, bettors must pick the correct outcomes of at least three NFL games, called parlay bets, or as many as 12. A federal appeals court ruled that the lottery must be restricted to ...
Sep 9, 2009, 9:46 pm - Lottery News forum

Appeals court blocks Delaware's sports betting plan
A federal appeals court today blocked Delaware's bid to open sports betting Sept 1. A three-judge panel of the Third Circuit Court of Appeals decided that Delaware's plans violate a 1992 federal ban on sports gambling. The professional leagues and the NCAA sued Delaware in June, but the case is not scheduled to be heard until December. The leagues asked the court for an emergency injunction to halt the betting. Delaware is one of four states that had sports gambling prior to a federal b ...
Aug 25, 2009, 1:24 pm - Lottery News forum

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