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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.
As one tote company executive sees it, should expanded sports wagering soon become reality, horse racing needs to make sure those sports bettors place their wagers onsite at racetracks or online at advance-deposit wagering outlets.
Source: Panel Encourages Racing to be Ready for Sports Wagering
WASHINGTON — The head of the casino industry’s trade association expressed optimism that incoming President Donald Trump and federal lawmakers will act to allow states to legalize sports betting. The inauguration of the new president is this Friday.
During the campaign, Trump expressed support for legalized sports betting.
“I’m OK with it because it’s happening anyway,” Trump told Fox Sports in November 2015. “Whether you have it or you don’t have it, you have it.”
An estimated $150 billion a year is bet illegally on sports, according to the gaming association.
“We are entering a perfect storm,” said Geoff Freeman, president and chief executive of the Washington-based American Gaming Association, claims Caesars Entertainment and Borgata owner MGM… [Read more…]
WASHINGTON — A near-majority of Americans think Congress should legalize sports betting, according to a poll released Wednesday. The survey by Fairleigh Dickinson University’s PublicMind said 48 percent supported allowing sports betting nationally instead of just in Nevada, Delaware, Montana, and Oregon; while 39 percent opposed it. The poll comes amid ongoing efforts to legalize sports… [Read more…]
PHILADELPHIA — In what could be New Jersey’s last court battle to legalize sports betting, a dozen federal appeals judges Wednesday grilled attorneys for the state about the effort to allow Garden State casinos and racetracks to offer wagering on sports games. The oral arguments before the U.S. Third Circuit Court of Appeals capped New Jersey’s… [Read more…]
Rich Nilsen is an 18-time qualifier to the National Handicapping Championship (NHC), an event he has cashed in four times in 16 attempts. He was the first player to finish in the top 10 twice. A former executive with Brisnet.com & Churchill Downs, Rich is also a graduate of the University of Louisville Equine Business Program.
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