iDEA Growth in the News:
- NJ Online Gambling, 1.15.19 – New Jersey Plans To Fight For State Right To Offer Online Gambling
- The Department of Justice has issued a long-rumored reinterpretation of the 1961 Wire Act, a law that, believe it or not, directly applies to online casino gaming today. (J. Ifrah quoted as spokesperson): “The revised opinion does not reflect the thoughtful and more careful analysis issued by the two highest federal courts of appeal that have reviewed this precise question,” D.C.-based online gaming attorney Jeff Ifrah told CDC Gaming Reports. “This opinion standing alone, of course, changes nothing and is of no significance or value. It is unfortunate that the Office of Legal Counsel appears to have been manipulated to issue an opinion for purely political purposes.”
- US Bets, 1.15.19 – If Christie
Had Been Named AG, Would The Wire Act Have Been Left Alone?
- Based on both Christie’s recent remarks about The Wire Act of 1961 and a legal opinion released Tuesday by the U.S. Department of Justice, it’s fair to assume that countless souls in the business of expanding legal gambling in the U.S. wish Christie had gotten the nod. (J. Ifrah quoted as spokesperson): “This Opinion has not yet been implemented into an enforcement action, so worry about the legality of sports betting and online gaming may be premature,” Ifrah wrote in a blog post Tuesday. “However, the Opinion seeks to push these questions to eventual litigation and clarification by the courts or action by Congress.
Industry News of the Day:
- Sports Handle, 1.16.19 – Growing Pains, Learning Curve Testing New Sportsbook Operations
- Growing pains and a steep learning curve are heavily impacting sportsbooks as sports betting continues to sweep the nation.
- ESPN, 1.15.19 – Gov.
Andrew Cuomo wants to legalize sports betting in New York
- New York Gov. Andrew Cuomo wants 2019 to be the year legal sports betting comes to his state.
- Legal Sports Report, 1.15.19 – NY
Governor Cuomo Pitches For Sports Betting, But There’s A Big Catch
- New York appears to be taking another step toward regulated sports betting, but not the one the industry really wanted.
- The Buffalo News, 1.15.19 – Place
your bets: Cuomo wants sports gambling in upstate New York casinos
- Sports gambling should be permitted at four upstate casinos, according to the budget plan unveiled today by Gov. Andrew M. Cuomo.
- FOX 5 NY, 1.14.19 – Sports
betting is huge in New Jersey; New York could follow soon
- Since New Jersey legalized gambling on sports in June 2018, the state’s sportsbooks have collected almost $1.25 billion in bets and $94 million in gross revenue. And New Yorkers are playing a huge part in New Jersey’s success.
- Sports Handle, 1.15.19 – Cuomo Calls For Authorization Of Sports Betting In Upstate New York Casinos
- Nashville Tennessean, 1.15.19 – Sports
betting, no vaping in zoos, raw milk regulation: Bills filed in Tennessee this
- The Tennessee General Assembly has briefly met for its first few days of session, before recessing until after the inauguration of Gov.-elect Bill Lee.
- Sports Handle, 1.16.19 – First North
Dakota Sports Betting Bill Filed
- North Dakota Representative Jason Docktor (R-District 7) became the first in his state last week to file a sports betting bill.
- Sports Handle, 1.15.19 – Indiana
House Bill Allows State-Wide Mobile Betting, Sets Low Tax Rate
- Indiana Representative Alan Morrison’s HB 1363, the companion bill to Senator Jon Ford’s SB 439, got a first reading Friday and was referred to the Committee on Public Policy. The bill mirrors Ford’s in many ways and adds a tax rate of 6.25 percent on gross gaming revenue for in-person wagers placed at physical sportsbooks.
- The Lines, 1.15.19 – Bettors
Applaud Kiosk Availability, In-Game Betting At New Parx Sportsbook
- The second major sportsbook in the Philadelphia-area opened to the public on Thursday. Parx Casino in Bensalem, Pennsylvania, began operations just in time for bettors to place wagers on the NFL’s Divisional Round game between the New Orleans Saints and local Philadelphia Eagles.
- Connecticut Post, 1.15.19 – Committee
heads differ on future of gambling
- In a critical year for gambling in Connecticut, there are three Democrats at the center of a crucial legislative committee who appear poised to clash.
- AP, 1.15.19 – Casino revenues rise as gov to name new casino regulator
- Massachusetts’ casinos are reporting increased revenues. The state Gaming Commission reported Tuesday that MGM Springfield generated $21.6 million in gambling revenues in December, a modest uptick from November’s $21.2 million.
- Sun Herald, 1.15.19 – Coast
casinos have best year since recession, best December ever with sports betting
- Mississippi Coast casinos had their best December in 26 years, after legalized sports betting allowed Saints fans across the Gulf Coast to bet on their team this year.
- Chicago Post Tribune, 1.15.19 – Melton
bill calls for Gary inland casino, port development
- State Sen. Eddie Melton has introduced a wide-ranging economic development bill for Gary that permits the holder of Gary’s two riverboat licenses to relocate one license to operate an inland casino in the city.
- Tribune Star, 1.15.19 – Terre
Haute casino bill filed, Chamber supports effort
- Legislation outlining steps required to site a casino at Terre Haute received a reading in the Indiana Senate Tuesday and was assigned to the chamber’s Public Policy Committee.
- The Gazette, 1.15.19 – Iowa
should go all in on internet betting
- State policymakers in recent years have discussed several ways to expand legal gambling to the internet, including lottery e-tickets, sports betting and online poker, all of which would be more attractive to younger players who are not interested in traditional betting.
- Reuters, 1.15.19 – U.S.
Justice Dept broadens restrictions on internet gambling
- The U.S. Justice Department will effectively prohibit online gambling and lottery businesses, experts said on Tuesday, after it decided to broaden its interpretation of rules governing interstate sports gambling to other forms of betting.
- Bloomberg, 1.15.19 – U.S.
Online Gambling Reversal Puts ‘Chill’ on Industry
- The U.S. Justice Department’s decision to expand a federal prohibition on internet gambling will cast a pall on the industry as businesses and state lotteries evaluate the implications of the change and the government’s plans to enforce it.
- Fortune, 1.15.19 – Justice
Department Says All Online Gambling Is Illegal
- The U.S. Justice Department now says that all internet gambling is illegal.
- U.S. News, 1.15.19 – DOJ:
All Online Gambling Is Illegal — Not Just Sports Betting
- A new legal opinion released by the Justice Department could further restrict online gambling, making it illegal in all forms.
- AP, 1.15.19 – Justice
Department opinion could threaten online gambling
- A legal opinion from the U.S. Department of Justice made public Monday could threaten the viability of online gambling that crosses state lines such as poker.
- Investor’s Business Daily, 1.15.19 – Here’s
Why The DOJ Has An ‘Uphill Battle’ To Defend New Online Gambling Stance
- The Justice Department could struggle to defend a new opinion that threatens the legality of online gambling, an analyst has said.
- Online Poker Report, 1.16.19 – Will
The New Wire Act Opinion Affect Legal Online Gambling Payments?
- Earlier this week, the US Department of Justice Office of Legal Counsel updated its interpretation of the 1961 Wire Act. The new opinion reverses the one issued in 2011, which narrowed the prohibitions to sports betting alone.
- Financial Times, 1.15.19 – US
online betting ban knocks UK bookmakers
- Shares in the UK’s biggest gambling groups fell on Tuesday after the US justice department released a legal opinion that all online gambling was illegal under federal law.
- NY Daily News, 1.15.19 – Sheldon
Adelson’s casino interests ahead of states’ rights? Stop Trump from filling the
- In one of the most brazen examples of crony capitalism since President Trump was elected, on Jan. 14 the Department of Justice just made public a memo stating that federal law prohibits the state legalization of internet gambling. This re-interpretation could potentially reverse states’ existing policies, all as a seeming thank you gift to Las Vegas casino owner Sheldon Adelson, who with his wife just sent over $100 million to Republicans for the midterm elections.
Sports league updates:
- No new sports legal updates to report.
iDEA Growth Member News:
- Legal Sports Report, 1.16.19 – Sportradar
Looks Beyond Data To Full-Service Sports Betting Marketing
- Sports betting data giant Sportradar wants to branch out into a host of related services to expand its business.
- The Lines, 1.15.19 – If I Ran The SBNC: 5 Things I Would Implement For The Next DraftKings Sports Betting National Championship
- As I write this, I am on a plane, one day removed from being bounced from the inaugural DraftKings Sports Betting National Championship (SBNC).
Overall industry updates:
- No overall industry updates to report.