Sports betting has “serious consequences” for Pro Players

“As a growing number of the various states move toward adopting legalized gambling, the sports leagues have concerns. The players associations do, too.

There are serious consequences, particularly for the athletes,” NFL Players Association V.P. for business and legal affairs Casey Schwab told David Purdum of ESPN.com. “Because of those consequences, the athlete’s voice must be heard, particularly as we contemplate sports betting in the country.”

The athlete’s voice can be heard, but the entities setting up the wagering programs don’t necessarily have to listen. For years, don’t-call-it-gambling-gambling on fantasy football has existed, with individual player performance residing at the heart of the process. And the athlete’s voice hasn’t been heard…”

Source: NFLPA exec: Sports betting has “serious consequences” for players

Sports Betting May Not Happen Quickly Despite SCOTUS Ruling

Sports bettingDespite the state Legislature paving the way for sports gambling almost five years ago, regulators in New York tasked with implementing a framework for the industry appear to be in a holding pattern following a decision by the U.S. Supreme Court to strike down a limit on the states that can offer sports gambling.

Source: Sports gambling maybe not imminent despite SCOTUS ruling

NJ horse racing group sues major sports leagues over bet losses

The action filed by the New Jersey Thoroughbred Horsemen’s Association claims the leagues acted in bad faith when they sought a restraining order in 2014 to block Monmouth Park Racetrack from offering sports betting, because the pro leagues were actively promoting and endorsing businesses that made millions from fantasy sports games that rely on …

Source: NJ horse racing group sues major sports leagues over bet losses

Churchill Downs and Sports Betting

Churchill Downs Incorporated (CDI) (Nasdaq:CHDN) has announced an agreement with Golden Nugget Atlantic City (“Golden Nugget”) to enter into the New Jersey real money online gaming (iGaming) and sports betting markets, subject to sports wagering legislation and gaming license approvals. CDI is targeting the first quarter 2019 to begin accepting legal wagers for iGaming and sports betting in New Jersey.

“We are looking forward to offering integrated iGaming and sports betting products in New Jersey,” said Bill Carstanjen, CEO of Churchill Downs.  “We have the unique opportunity to leverage our knowledge and experience operating the largest legal online horse racing wagering business in the U.S. as we enter the iGaming and sports betting markets.”

“We welcome Churchill Downs, a respected U.S. gaming operator with online wagering experience, to New Jersey,” said Thomas Winter, senior vice president and general manager, Online Gaming, for Landry’s Golden Nugget. “The addition of their offering will allow Golden Nugget Atlantic City to cater to an even larger demographic of New Jersey online players.”

The Golden Nugget Atlantic City, located on Frank S. Farley Marina, is a premier resort destination, offering guests more than 740 rooms and suites.  The Golden Nugget has established strong brand recognition worldwide with locations in Las Vegas and Laughlin, Nevada; Biloxi, Mississippi; and Lake Charles, Louisiana.  Launched in November 2013, GoldenNuggetCasino.com is the number one U.S. online casino and was voted Operator of the Year three years in a row from 2015 to 2017 at the iGaming North America Awards.  Golden Nugget Atlantic City accounts for 35% of the New Jersey online gaming market.

Churchill winner's circleChurchill Downs Incorporated (CDI) (Nasdaq:CHDN), headquartered in Louisville, Kentucky, is an industry-leading racing, gaming and online entertainment company anchored by our iconic flagship event – The Kentucky Derby.  We are the largest legal online account wagering platform for horseracing in the U.S., through our ownership of TwinSpires.com and have announced our plans to enter the U.S. real money online gaming and sports betting markets.  We are also a leader in brick-and-mortar casino gaming with approximately 10,000 gaming positions in eight states.  Additional information about CDI can be found online at www.churchilldownsincorporated.com.

Source: Press Release

Major Deal between Paddy Power Betfair and Fan Duel?

Paddy Power Betfair Plc is in talks to merge its U.S. unit with closely held website FanDuel as the Irish bookmaker positions itself for expanded sports betting in the U.S. following a Supreme Court ruling this week.

 “Discussions are ongoing and there is no certainty as to whether agreement will be reached, or as to the terms or timing of any transaction,” stated…

N.J. Sports Wagering Case stuck in limbo with U.S. Supreme Court

TRENTON — Monday was expected to be the day the U.S. Supreme Court would announce whether it will hear New Jersey’s years-long effort to legalize sports betting at casinos and racetracks. But a decision never came, either for or against the state. Now, experts say, the nation’s highest court could make an announcement Tuesday — though… [Read more…]

No Sports Betting in New Jersey

Baseball and bat_promo_smaller WASHINGTON — A federal appeals court on Tuesday threw out New Jersey’s sports betting law, once again blocking the state from expanding its gambling options to augment Atlantic City and the horse-racing industry. The Third Circuit Court of Appeals in Philadelphia ruled that the state’s law violated a 1992 federal ban on sports betting, the Associated… [Read more…]

Sports Betting Case To Go Before U.S. Appeals Court Again

Sports betting TRENTON — New Jersey’s years-long battle to legalize sports betting will get another day in court — and experts say the outlook for the state is suddenly a positive one. Nearly two months after a three-judge U.S. Third Circuit Court of Appeals panel rejected the state’s latest bid to legalize sports wagering at casinos and racetracks,… [Read more…]