A Feb. 20, 2019, photo shows the new sports book at Prairie Meadows in Altoona, Iowa. The Iowa House passed a bill Monday, April 22, that legalizes for the first time in Iowa betting on sporting events and fantasy sports, sending it to the governor for consideration. (Brian Powers/The Des Moines Register via AP)Customers place their wagers at the William Hill Sports Book at the SLS on Monday, April 15, 2019. (L.E. Baskow/Las Vegas Review-Journal) @Left_Eye_Images SECAUCUS, N.J. — American professional sports leagues used to fight sports betting as an existential threat until the U.S. Supreme Court handed them a loss. They widely lost again when state legislatures rejected their pleas to be cut in on the action under new laws. Now, nearly a year after the high court cleared the way for any state to choose whether to take wagers, the leagues have completely changed their tune to embrace the private deals offered via legalized sports gambling, both in young markets and prospective … [Read more...] about Pros shunned sports bets a year ago. Now, leagues are all-in
States where sports betting is legal
HELENA, Mont. — The number of states allowing sports betting is poised to expand. Governors in Montana and Iowa are considering measures that would allow residents to wager on sports, while Indiana lawmakers are scheduled to approve their own version as early as Wednesday. Barring a veto, they would be the first states to approve sports betting this year, joining six others that moved quickly last year after the U.S. Supreme Court allowed it nationwide. "We're bringing what's in the black market out into the open," Montana state Sen. Mark Blasdel, a Republican, told The Associated Press on Tuesday. The legalization of sports gambling has not been as widespread as initially predicted after the court ruling ended Nevada's virtual monopoly. Gambling expert Chris Grove had expected 10 to 12 states to legalize sports betting this year. Now, he said, it looks more like eight. Disagreements over the details — whether to offer bets online, how high taxes should be, who can get a … [Read more...] about Handful of US states are poised to legalize sports betting
Yes, our March Madness brackets are already a mess, too. But here's one safe prediction for the 2019 NCAA Basketball Tournament that tipped off this week: it will feature more wagering than ever before. Sports betting: The basics That's because last year the Supreme Court overturned a federal law and ruled that it is up to the states to decide whether they want to legalize sports gambling. New Jersey led the way, many more followed and more are planning to soon. This shift will bring a windfall to bookmakers, sports leagues, and states' tax revenues. But at what cost? This is the first year of widely legalized sports gambling, but 2019 also marks another milestone: the 100-year anniversary of the Chicago Black Sox scandal, when a team in the clutches of gambling mobsters threw the World Series. It's a reminder that, you might say, there's no such thing as a free hunch. Thursday's opening day of March Madness provided a feast for college basketball fans: 16 games in one day and … [Read more...] about Will legalized sports betting curtail corruption or encourage it?
In this year's March Madness, filling out a prophetic bracket isn't the only way to make a buck. Sports betting is now legal in eight states and arriving in more states soon. It's a seismic shift in the landscape of sports gambling. Until recently, if you wanted to bet on a sporting event, you had to visit Sin City or find an illegal bookie, which plenty of people did. During last year's NCAA tournament, only about 3 percent of bets were placed legally, according to the American Gaming Association—a paltry fraction of the $10 billion in gambling that March Madness generated. This week on 60 Minutes, correspondent Jon Wertheim reports on the new era of sports betting and its impending impact—including the potential risk to the integrity of games, particularly college sports. If you're new to the world of sports betting and thinking about make a wager, here is a primer: Sports betting: What's changed? Last May, the Supreme Court ruled as unconstitutional the … [Read more...] about Sports betting: The basics
ATLANTIC CITY, N.J. — Scrambling to fill out a March Madness bracket? Betting lunch money that you can pinpoint the Final Four better than co-workers or family? Good luck! You're among about one-third of Americans who at least occasionally bet on sports among friends or through an office pool, according to a poll released Wednesday by The Associated Press-NORC Center for Public Affairs Research. Still, with all the action on the NCAA men's basketball tournament, the survey finds less support for legal betting on college sports than on the pros. Six in 10 in the survey want betting on professional sports to be legal in their state, far more than the 42 percent who feel that way about college athletics. This is the first college basketball championship since the Supreme Court cleared the way last year for states to offer legal sports betting if they choose. Eight states currently allow the wagers: Delaware, Mississippi, Nevada, New Jersey, Pennsylvania, Rhode Island, West Virginia … [Read more...] about AP-NORC Poll: US divided on college vs pro sports betting