BREAKING: Indiana state legislators pass legal sports betting, approving conference report right before end of the session by wide margins in both chambers. Story coming
@LSPReport
.
DraftKings CEO Jason Robins told an investor summit Tuesday: “This is an entertainment activity. People who are doing this for profit are not the players we want.” What else did he say about the emerging New York market?
@BradAllenNFL
BREAKING: California Native American tribes to propose a constitutional amendment to legalize sports betting in America's most populous state. Story TK.
BREAKING: Rhode Island will have mobile sports betting. Gov. Gina Raimondo signed a bill into law today. Story
@LSPReport
to come; here's our last update:
BREAKING: A bill to legalize North Carolina sports betting at tribal casinos just passed the legislature, and now awaits the governor's signature. The state also is poised to create a gaming commission that will study a wider expansion of sports gambling.
BREAKING: New California sports betting bill emerges from the state legislature with the most ambitious compromise attempt to date, reports
@MatthewKredell
Big news out of Michigan: A key senator with ties to the governor tells Legal Sports Report that online sports betting and casino will be a done deal by Christmas. Story -->
BREAKING: Rhode Island House passes mobile sports betting bill with huge majority, sending it to Gov. Gina Raimondo. RI authorized retail last year through Raimondo's budget. Story TK
@LSPReport
Developing: Barstool Sportsbooks will be coming to a state near you, as Penn National Gaming buys a minority stake in
@barstoolsports
for $163 million. Barstool valued at $450 million in deal. Story by
@BradAllenNFL
NEW: Former NFL Network host Kay Adams could be part of a major FanDuel rebrand of its TVG channels to feature 'watch and wager' FanDuel TV programming throughout the day, according to internal documents reviewed by LSR
@BradAllenNFL
BREAKING: SugarHouse Sportsbook begins live testing of its PA mobile sports betting app today. here's everything you need to know about the app and what else is coming in Pennsylvania
NEW: North Carolina legalized sports betting today as Gov. Roy Cooper signed into law a bill permitting wagering at tribal casinos, per
@thestate
. Story TK.
Developing: DraftKings is going public and also adding SBTech to its business. We're going to be analyzing and answering questions as best we can this morning.
BREAKING: Canada repealed its federal ban on single-game sports betting Tuesday, opening the country for legal sportsbooks as soon as this fall
@patevans
NEW: New York sports betting could happen as soon as this spring, a source tells Legal Sports Report, as the state gaming commission is working on sports betting regulations that could surface on Jan. 28.
Sports betting had a big Election Day, as Maryland, Louisiana and South Dakota all passed ballot measures.
We also reached a milestone: More than half of states now have some sort of legal sports betting. More from
@ByMatthewWaters
:
With
@AP
now calling it, Colorado sports betting appears to narrowly pass, with a margin of only about 20,000 votes in a race with more than 1.3 million ballots cast
LSR's
@Eric_Ramsey
projects legal Super Bowl bets will reach the $1.3 billion mark this year as we get ready for the game between the 49ers and Chiefs. LSR has live
#SuperBowl
odds updates available all day, including the current moneyline.
BREAKING: Colorado Senate overwhelmingly approves sports betting bill sending the question to the fall ballot. House still needs to agree to slightly amended version before the end of the day -->
Rhode Island just needs the governor's signature on the state budget to have legal sports gambling, as the Senate just approved legislation on Wednesday night.
NEW: California Senate committee votes 9-3 in favor of advancing sports betting bill. More about what comes next after first public comments on controversial legislation -->
With nearly two-thirds of the Texas House in favor of letting voters decide the fate of sports betting in the Lone Star State, proponents will try to wrangle a handful of additional votes tomorrow
@ByMatthewWaters
Approved Massachusetts sports betting apps went live at 10 am ET this morning. Those of legal age in the Bay State can bet on sports via their mobile devices through sportsbooks licensed by the Massachusetts Gaming Commission.
State Senator
@SenJoeAddabbo
: “You don’t do sports betting without the mobile component, you just don’t – not in today’s society. Everybody else has a nice car and we’re driving an Edsel."
DraftKings alleges in a Monday court filing that its head of VIP operations engaged in a yearlong plot to steal information and employees, and take them to Fanatics Sportsbook on the eve of
#SBLVIII
@adamcandee
NEW: Fantasy sports companies including Underdog will pull out of the lucrative Florida market at least temporarily after
@FLGamingControl
sent a second demand letter to multiple companies in January
@MazzNYC
@sam_mcquill
NEW: One of the biggest names from the offshore sportsbook industry is shutting down US accounts, with the intent of relaunching in the near future. More from
@BradAllenNFL
-->
This from one of the Las Vegas sportsbooks that fights to keep mandatory in-person registration whenever other companies push for mobile signup. Spare us.
We're still trying to wrap our heads around the massive deal between Flutter (owner of FanDuel & Paddy Power Betfair) and Stars Group (owner of Stars Group and Sky Bet and a JV with Fox Sports). Will be updated.
News: Newly issued guidance from the IRS says daily fantasy sports companies like DraftKings and FanDuel are subject to the federal sports betting excise tax.
Breaking: The first legal sports betting app has arrived in West Virginia. And two more retail sportsbooks opened as well. Details --> (story will be updated.)
NEW: Arizona sports betting became legal Thursday, with an expected launch coming by NFL season. One sportsbook will be located in an interesting place, as
@patevans
details
So much for the narrative that Nevada sportsbooks would start struggling because of the expansion of US sports betting: Nevada hits a new record for monthly handle.
NEW: Indiana Senate easily passes comprehensive gaming bill including legal sports betting, 38-11, on third reading. Would include "Mississippi mobile" with on-site mobile device usage. Casinos, racinos, OTB can apply for licenses and contract out ops. Story TK
@LSPReport
BREAKING: Tennessee House of Representatives passes HB 1, online-only sports betting bill, 58-37. On to Senate Finance, where the bill is already calendared for today as the session winds down. Story TK
@LSPReport
NEW: The DraftKings Sportsbook app will be available in Indiana tomorrow after getting approval from regulators. Joins BetRivers (Rush Street Interactive) in launching online betting in the state Thursday.
NEWS: Two former NFL stars -- Ronnie Lott and Richard Seymour -- are among the investors in a sports betting startup with designs on being a player in the US market.
PLOT TWIST - Cuomo wants the lottery to run it:
"We want to do sports betting the way the state runs the lottery where the state gets the revenues ... I’m not here to make casinos a lot of money. I’m here to raise funds for the state. So we have a different model."