Texas State Senator Carol Alvarado (D-Houston) is introducing a bill that would open the door for regulated sports betting and a few casinos in the Lone Star State. Her bill comes as grey market poker clubs have proliferated the state and re-ignited the regulated gaming debate in America's second most populated state. Alvarado's initial proposal…
Risk-free bets are a marketing cornerstone of the contemporary sports betting industry. In the United States, where the regulated sports betting sector is still in its infancy, operators use so-called "risk-free" bets as a promotion that's usually written off on the company's tax bill. The pervasive nature of risk-free promotions make Penn Entertainment's recent decision…
Regulated sports betting came to the state of Ohio on New Year's Day with disgraced baseball legend Pete Rose making the state's first legal wager. Ohio is jumping on a regulated sports betting bandwagon that's sweeping the country, and is now the 31st state to legalize betting on sports. Regulated sports betting is predicted to…
On January 1, PokerStars will be combining the liquidity pools of its New Jersey and Michigan players in tournaments and regular play. It's a move that US-facing online poker operators have been working towards since the post-Black Friday re-birth and could prove to be a driving factor in the online poker segment. Shared liquidity is…
Former Texas Governor Rick Perry is emerging as one of the loudest voices endorsing regulated sports betting in Texas. As a member of the recently-formed Sports Betting Alliance, Perry is hitting the airwaves pitching as a paid spokesman - pitching the group's pro-sports betting message. At the core of Perry and the Sports Betting Alliance's…
Barstool Sportsbook is looking at a $250,000 fine in Ohio for allegedly marketing its sports betting products to students at the University of Toledo recently. According to reports published in the Toledo Blade, the Ohio Casino Control Commission (OCCC) has issued notice of the potential fine to Barstool for two separate violations related to the…
MaximBet is ceasing all operations as the US sports betting market finishes out a period of extremely rapid growth and enters what is likely a long period of consolidation. The operator posted the announcement on MaximBet.com late on Wednesday, and gave players until December 15 to withdraw their funds. In an email version of the…
Major League Baseball (MLB) is throwing its support behind a California ballot measure that would pave the way for regulated online sports betting in the Golden State. It's the first time that a major sports league has weighed in on the debate over whether or not regulated sports betting should come to America's most populous…
The push to legalize online gambling in California took a major step backwards this week when the California Democratic Party announced that it would not be endorsing any of the legalization bills on the ballot this November. Party officials say they're not against gambline per se, it's just that the bills being offered on the…
One of regulated sports betting's main appeals to state governments was the opportunity to raise new revenue through sports betting taxes. While most states took a relatively modest cut of the action with tax rates coming in at around 10 percent, usually calculated by the gross gaming revenue (GGR). But a few states took the…
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