NFL Enthusiastic About Vegas Hosting A Future Super Bowl

Raider's Football Player Catching Ball on Football Field, Raider's LogoIt’s the most exciting year Las Vegas has ever experienced when it comes to sports, and it’s a year of firsts. First, the Oakland Raiders will be making their new home in the valley, making them Las Vegas’ very first professional football team. Secondly, Vegas will host the 2020 NFL Draft this year (April 23-25), their first time hosting the NFL Draft in the city’s history. And finally, Allegiant Stadium, the Raiders’ new $2-billion home, will officially open its doors August 2020, making it Las Vegas’ first football stadium.

NFL Commissioner, Roger Goodell, said that Las Vegas’ hosting of the NFL draft will essentially serve as the Raiders’ welcome party with the league planning to “incorporate all the iconic features of this city.” Goodell said:

“This city knows how to put on big events, there’s no question about that. You have the infrastructure and it’s Super Bowl ready. You have Allegiant Stadium, which is going to be a world-class stadium that will be our stage ultimately. You have everything here.”

NFL Draft Predicted to Bring Substantial Economic Impact

Jeremy Aguero, a principal analyst with Applied Analysis, says that since Las Vegas has never hosted the NFL Draft before, it’s tough to really say the kind of impact it will have on the local economy. But, when factoring in information from last year’s host city, Nashville, it’s becomes easier to predict an outcome.

According to Aguero, that outcome looks positive. This is largely considering the fact that Vegas is a hot location, and one that’s able to accommodate and entertain the large crowd the NFL Draft will undoubtedly bring:

 “When you think about what the draft did in Nashville, about 600,000 people, and you see some of the other markets it’s been in, our expectation is Las Vegas has a good opportunity to beat some of those numbers, and that economic impact would be pretty substantial for the community.

“Not only are we superior to other locations, and I don’t mean that in any derogatory way, but we have more hotel rooms, access is easier here, we have a lot of entertainment options, we’re going to draw people to the event, we believe. And, in addition to that, every visitor that comes to Las Vegas spends more than $800 per person, per trip.”

How Hosting the Super Bowl Could Impact the City

With the Raiders making the move to Las Vegas, it marks the beginning of a shift of seeing Vegas as strictly a “casino town” to becoming a “sports town.” With Sin City the hosting Super Bowl, which the NFL wouldn’t predict to happen for at least the next five years (due to the location of the next four Super Bowl’s already being set), would further drive the economy in substantial ways.

Las Vegas hosting the Super Bowl could successfully marry the elements of what the city has been known for, gambling, with the valley’s newly infused sports culture in major ways.

“We think sports gambling in many ways creates a lot more engagement for our fans. It’s another opportunity for them to engage with our game.

What I see now is a city that has emerged from the Strip and primarily a casino-driven town to a city that’s really quite remarkable,” Goodell said. “I think we’ll all be grateful that Mark Davis made the decision to come here.”

Daily Fantasy Sports Provider DraftKings Opens Las Vegas Office

Town Square Offices in Las VegasDraftKings, the Boston-based daily fantasy sports contest provider, just opened up an office in Las Vegas.

President and co-founder, Matt Kalish, and DraftKings race and sports director, Johnny Avello, welcomed guests to the Town Square office on Wednesday, where 70 employees currently work. The company moved into their flexible new workspace on Monday – which it leases from WeWork – and plan to have more than 300 employees in the upcoming months.

Why Las Vegas is the Perfect Fit

When asked why the company chose Las Vegas to hold their office, Kalish said this:

“This is an iconic city when it comes to sports betting. It’s been the hub of all of that activity in our country for many decades. We see ourselves as looking to integrate as deeply as possible into the community.”

The opportunities with sports betting keep opening up nationwide. We want to make sure we continue to lead the pack and, to do that, we needed to invest in Las Vegas and take advantage of some of the great talent that’s here in this market.”

The Las Vegas office established a dedicated back-of-the-house call center that will handle customer experience, fraud, casino, sportsbook traders, human resources and information technology. Local employees are expected to handle customer inquiries around the clock. Once the DraftKings’ Las Vegas office is fully operational, it will be the second largest in the country behind the Boston operation.

Currently, the company offers its sports-betting app in New Jersey, Pennsylvania, Indiana, New Hampshire and West Virginia with physical retail sportsbooks in New Jersey, New York, Iowa and Mississippi. According to Kalish, the company hasn’t decided how they’ll pursue a retail outlet or become a licensed operator in Nevada just yet, instead focusing solely on growing the company’s presence in the Silver State as of now.

Help from Local Talent

Former Wynn Las Vegas sports book director, Johnny Avello, was one of the first local talents to come aboard. He was hired by DraftKings in 2018 to work in the same capacity. Avello’s Las Vegas team includes sportsbook personnel that also formerly worked at other Las Vegas resorts.

Avello said this of finding a sweet spot for the company in town:

“Finding this location, it’s been in the works for a long time and, to me, it’s perfect. Town Square has great amenities, and this is a great work environment. It’s also close to the airport for people who need to get in and out. Anywhere where sports betting is legal, we’re looking to be in that market.”

DraftKings Continues to Expand

The company got its humble start out a spare bedroom. Founded in 2012 by Kalish and his two friends, Jason Robins and Paul Liberman, DraftKings quickly became a known brand once the popularity of fantasy sports was met with more loosened sports rules in different parts of the country.

Currently, the company’s daily fantasy product is available in eight countries, with its sports book division offering mobile and retail betting in eight states. DraftKings is also the official daily fantasy partner of the National Football League and the PGA Tour.

i
For the past five years, DraftKings has had its eye on operating in Nevada. Last February, they announced their multi-state partnership deal with Caesars.

Under terms of that agreement, Caesars is offering DraftKings market access for its online gaming products, subject to passage of applicable laws and the parties securing applicable gaming licenses.

Their partnership with Caesars could result in new growth in the months ahead with Caesars on the verge of merging with Reno-based Eldorado Resorts Inc., in a proposed $17.3 billion deal. The deal is expected to close in the first half of this year.

The strategic plan to open a company office in the US gambling capital will only continue to expand their highly sought-after product and presence. Kalish said:

“DraftKings is in a great position. We have a ton of interest in the company because of our story. Everybody’s drawn in because of what’s going on with sports betting in the U.S. People want to change industries and change their career path to come work for us. I think we got 45,000 job applications last year.”

Online Gambling in Michigan is Officially Legal

For years, officials in Michigan have been working to expand the state’s gambling laws. This week, their efforts have finally paid off. Online gambling in Michigan is now officially legal. It’s extremely exciting for gaming fans here.Michigan State Outline

That’s not all! Sports gambling has also been made legal in this state. Today, we’re going to look at the road to make this happen. We’ll also talk about exactly what forms of gambling are now legal in this state.

Let’s get into it!

Michigan’s Long Road to Sports Betting, Online Gambling Legalization

Since PASPA was struck down in May of 2018, several politicians in Michigan have stated their desire to see sports betting legalized in the state. It’s a highly profitable industry, helping to earn many states millions of dollars every month. Unfortunately, some of the most powerful politicians in Michigan have been hesitant to embrace any new gambling expansion plans.

Michigan has been close to sports betting legalization several times. In 2018, it was approved by both the House and the Senate, yet Governor Gretchen Whitmer vetoed the bill at the last minute. It was extremely disappointing news, particularly for sports fans here.

As soon as 2019 kicked off, lawmakers once again began working to legalize new forms of gambling in the state. House Bill 4916 was introduced and eventually made its way through the state’s legislative bodies. In September, the bill was officially approved by Michigan’s House Committee.

Some had concerns that Governor Whitmer would once again shut down this bill at the last minute. She had voiced her concerns over the bill, particularly with its tax structure.

Fortunately, the Governor decided that it was time for Michigan to embrace some new forms of gambling.

Sports Betting and Online Gambling in Michigan Are Now Legal

House Bill 4916 slowly made its way through Michigan’s legislative bodies. This week, the bill had its final test with Governor Whitmer. She decided to approve the bill, meaning both sports betting and online gambling in Michigan are now legal.

Many supporters of this bill believe that the newly-expanded gambling laws will help bring millions of dollars to the state. The majority of the money will go towards the School Aid Fund. Some will be used to help pay for firefighters’ medical costs, as well.

Gretchen Whitmer commented on the approval of the bill to the media this week.

“My top priority in signing this legislation was protecting and investing in the School Aid Fund, because our students deserve leaders who put their education first,” she said. “Thanks in part to the hard work and leadership of Senator Hertel and Representative Warren, these bills will put more dollars in Michigan classrooms and increase funding for firefighters battling cancer.”

An 8.4% tax rate will be applied to sports betting operators in the state. Taxes for online gambling range from 20% to 28%.

Many are now wondering when exactly the new gambling options will become available here.

When Will Sports Betting and Online Gambling Be Available in Michigan?

This is the million-dollar question. Several states legalized sports gambling, yet took months to actually get their sports betting operations up and running. Hopefully, this is not what happens here in Michigan.

Ultimately, it will come down to how long it takes the Michigan Gaming Control Board to set specific regulations on the industry. Of course, there will be different rules for sports betting and online gambling in Michigan.

Once a set of gambling laws are established, lawmakers will need to choose which sports betting companies can operate in the state. Several of the biggest sports betting companies in the UK are now actively working to break into the US market.

Several lawmakers are pushing to have this industry available to the public before March Madness. If it does, the state will likely earn millions of dollars via revenue from the bets placed on the popular NCAA tournament.

Online gambling in Michigan is finally here. If you’re a gambling fan in the state, things just became a lot easier.

Stay tuned for more US online gambling news over the next few months!

There’s a New High-Limit Gaming Area at San Manuel Casino

California is home to a huge number of popular tribal casinos. One of the best is the San Manuel Casino, located in Highland. This week, a new high-limit gaming area opened up inside this popular gambling venue. Hundred Dollar Bills

This property has been working to expand its facilities. The opening of the new high-roller gaming area is extremely exciting for the high rollers here. Let’s take a quick look at what exactly this new area has to offer.

San Manuel Casino Continues to Attract Gamblers

As we just mentioned, California is home to a massive number of Native American-run casinos. They’re spread around the state and help to generate millions of dollars to California’s government. The San Manuel Casino is one of the most popular.

It’s located about 60 minutes outside of Los Angeles. The San Manuel Band of Serrano Indians runs the gambling venue, which is open to guests 24/7. Not long ago, it was voted the best buffet, steakhouse, and casino in the state.

There’s a lot to love about the San Manuel Casino. More than 4,300 slot machines are available here and just about every traditional table game. Since it’s opening in 1986, more than $2 billion has been paid out to players here.

Some detractors of this venue claim it doesn’t cater to high-rollers the same way that casinos in Las Vegas do. The owners heard this complaint and immediately began working to make a change. This week, a brand new high-limit gaming area opened up at San Manuel Casino.

Here’s what we know about this new area.

What Does the High-Limit Gaming Area Have to Offer?

The San Manuel Casino is currently under a massive $550 million expansion. Part of this expansion project was adding a new high-end area to the casino. This plan is now complete and visitors have reason to get excited.

Today, the owners of this casino announced the opening of a brand new high-limit gambling area. Both high-limit tables and high-limit slot machines are available here. A new restaurant, called the Hong Bao Kitchen, has also opened here.

Peter Arceo, General Manager of the San Manuel Casino, commented on the opening of this new high-end gambling area to the media this week.

“At San Manuel Casino, we always strive to give our guests new and exciting options, which led us to open the new high limit space and Hong Bao Kitchen,” he said. “Providing these unique and luxury entertainment options is just the latest way to offer our guests a best-in-class experience and sets us apart as one of Southern California’s top entertainment destinations.”

More than 200 high-limit slots are available here. Some have denominations up to $1,000. Some of the highest table games in California are now being offered here, too.

“Our newest gaming space brings our highest table limits yet – $25,000 – making San Manuel Casino one of the best high limit experiences in the country,” Arceo said. 

If you’re looking to make some major bets, San Manuel Casino might be the venue for you. Check it out if you’re in the Southern California area!

California Lawmakers Are Still Working to Legalize Sports Betting

Back in May of 2018, the Supreme Court struck down PASPA. This gives every state in the country the ability to legalize sports betting. More than 20 states have already legalized this industry and many more are currently working to do so.

Certain lawmakers in California have been working hard to officially legalize this industry. Unfortunately, they’re facing serious opposition by many of the Native American tribes in the state.

Some of these tribes believe that the legalization of sports betting will take away from their revenue. Lawmakers are working to come up with a plan to make all parties happy.

Most believe that sports betting will become legal in California in the next year or two. Once it does, California will likely become the largest sports gambling market in the country.

At the moment, gambling fans here are stuck with casino gambling. Stay tuned for more California casino news over the next few months!

Arkansas’ Gambling Industry is Surging Right Now

Arkansas FlagArkansas just recently began legalizing and regulating casino gambling. According to new reports, the casinos operating here are a major success. Arkansas’ gambling industry is surging right now and many companies are attempting to break into the market.

It’s great news for the state government, which is earning millions of dollars through taxes. Today, we’re going to look at the history of Arkansas’ gambling industry and talk about how much it’s grown.

Let’s get into it!

The Road to Casino Legalization in Arkansas

For decades, Arkansas took a hardline stance on the gambling industry. No casinos were allowed to operate here and those caught gambling were subject to harsh penalties. In November of 2018, this all changed.

That month, voters here approved Issue 4, a constitutional amendment that allows for four casinos to open in the state. It was a surprise for many, as voters here had previously worked hard to keep legal gambling options away. Certain lawmakers attempted to challenge Issue 4 court yet ultimately the amendment was made.

Before long, casino companies began pushing operating here. There are now three casinos in the state. Oaklawn Racing Casino Resort in Hot Springs, Saracen Casino Resort in Pine Bluffs, and Southland Casino Racing in West Memphis. They quickly grew popular with locals and tourists.

The Saracen Casino Resort has just recently begun operating. Before opening to the public, this casino flirted with the idea of banning smoking. Ultimately, this idea was scrapped.

As we’ve already mentioned, several companies have expressed an interest in opening a gambling venue in this state. It’s clear that people see the potential in Arkansas’ gambling market.

Arkansas’ Gambling Industry Continues to Grow

The casinos currently operating in Arkansas are generating serious revenue right now. It’s likely that many more gambling venues will begin operating here over the next few years. Earlier this month, one of the biggest Native American tribes in Oklahoma began pushing to open a casino in this state.

New reports indicate that the Oklahoma-based Cherokee Nation has officially filed an application to begin operating a casino in Arkansas. If all goes to plan, this venue will open in either Russellville or Dover.

The state’s gambling commission will now review this application. In the past, several cities have seen their applications to open a casino rejected. It’s unclear whether or not Arkansas will allow a tribe from another state to start operating a casino here.

Arkansas’ gambling industry broke records in October. That month, casinos generated an impressive $554.4 million. John Shelnutt, the state’s chief economic forecaster John Shelnutt, the state’s chief economic forecaster, claims that October’s revenue report shows “very good growth across all the sectors. We’ll just have to see if it continues at this rate,” he said.

Sports Betting in Arkansas is Also Generating Serious Revenue

Arkansas’ gambling industry is one of the most unique in the country. Just a few years ago, almost no forms of gambling were allowed here. Now, both casino gambling and sports betting are available in the state.

Lawmakers here approved a sports betting bill in mid-2019. In July, the first legal sports wager was placed here inside the Oaklawn Racing Casino Resort.

Unfortunately, mobile sports betting is not allowed here. Bets must be placed in-person at a licensed casino.

Revenue from the state’s sports betting industry has been increasing steadily over the past few months. Arkansas is one of just a few states that does not release its exact sports gambling revenue figures. Based on numerous reports, however, it’s increasing significantly.

Arkansas’ gambling industry is one of the newest in the country. Amazingly, it’s already growing bigger than some others that have been around for years.

Stay tuned for more US casino news over the next few months!

Hard Rock May Operate a Casino in Bristol, VA

Earlier this year, lawmakers in Virginia officially approved a plan to expand the state’s gambling industry. Almost immediately afterward, many of the top US casino companies began pushing to open a casino here. News has just come out that Hard Rock International may soon operate a casino in Bristol, VA.Hard Rock Logo

Virginia could establish a strong casino market on the East Coast. Having Hard Rock running casinos here is a great first step. Here’s what we know about these plans.

Virginia Allows More Casinos to Open Up

Virginia isn’t necessarily thought of as a gambling-friendly state. It’s unfortunate, as many lawmakers have continued to push for the legalization of casinos here. The first real attempts came in 1995 when state officials began pushing to open riverboat casinos.

These efforts were all unsuccessful. Another push to open these gambling venues came in 2013. Once again, no bills managed to make it onto the casino floor. Officials tried to convince state politicians that Virginians are gambling in Maryland, which is benefiting the most through taxes.

Finally, things took a turn. In March, legislators in Virginia approved a bill to allow commercial casinos in the state. Several cities are now lobbying to gain approval to open a casino.

Bristol is one city that’s ready to welcome a gambling venue. Randy Eads, city manager of Bristol, commented on the idea of opening a casino to the media this week.

“I cannot think of a better place for Hard Rock Casino to be than here in Bristol, Virginia,” Eads said. “Hard Rock is synonymous with music. With our storied history of music here in Bristol, to have a new partner aligned with the music industry like Hard Rock is, I cannot think of a more exciting time to be in the city of Bristol.”

Hard Rock is Open to Running a Casino in Bristol, VA

Hard Rock International is one of the fastest-growing casino companies in the US. The Seminole Tribe-owned company now has casinos in many states including Nevada, Mississippi, New Jersey, and Oklahoma, among others. It seems that Hard Rock is now open to running the proposed casino in Bristol, VA.

Proponents of this casino recently met with officials at Hard Rock International. According to reports, this meeting was successful.

“Hard Rock’s iconic brand speaks to its deep roots in live music entertainment and world-class memorabilia collection, which will play a prominent role at Hard Rock Casino Bristol. This focus on music will complement our region’s country music heritage and dynamic music scene in the Twin City,” said Jim McGlothlin, CEO of The United Company and a co-partner on the Bristol resort and casino development.

At the same time, Hard Rock is investing $300 million into a new land-based casino in Gary, Indiana. The company is also preparing to open a gambling venue in Rockford, Illinois.

The casino in Bristol, VA, has not been officially approved. It seems likely that state officials will give it the green light within the next few months. It’s an exciting time for gambling fans in this state.

Virginia Isn’t Quite Ready to Legalize Sports Betting

Lawmakers in Virginia are just beginning to embrace the gambling industry. Unfortunately, they don’t seem ready to start regulating sports betting. A bill was presented here that would legalize this form of wagering, yet it hasn’t made much progress in the state legislature.

This is frustrating for many individuals who believe the state would benefit massively from the legalization of this industry. Today, 20 states have officially legalized sports gambling. Most of them are earning millions of dollars every month by taxing this industry.

There’s a chance that sports betting in Virginia could be legalized in 2020, though. House Bill 4 is currently being reviewed by state lawmakers. Specific details of this bill are being withheld.

In order for it to be legalized, cities would need to officially approve this bill. Voters will also need to approve the legalization of sports betting on the 2020 ballot.

Stay tuned for more news on the casino in Bristol, VA over the next few months!

Atlantic City Casino Revenue Increases Massively in Q3

Over the past year, Atlantic City has grown to become one of the most profitable gambling hubs in the country. New reports show that Atlantic City casino revenue increased massively in 2019’s third quarter. It’s fantastic news for the state and casino companies operating here.

Atlantic City Sign

Both sports betting and casino gambling continues to generate revenue here. Let’s take a look at exactly how much money the city’s gambling industry managed to generate over the past several months.

New Reports Show Atlantic City Casino Revenue is Increasing

You can’t cover the US casino industry without talking about Atlantic City. Decades ago, this was one of the most profitable gambling markets in the world. Unfortunately, the recession took a major toll on this city and it seemed on the brink of collapse.

Recently, however, things have improved dramatically. Revenue in this city has continued to increase for almost all of 2019. There are a few major reasons why this is.

The legalization of sports betting is certainly helping. New Jersey made sports gambling legal in May of 2018. Every casino in the state now operates a sportsbook. It’s helped to generate millions of dollars for the state government via taxes. New Jersey now has the most profitable sports betting market in the world.

New reports show that Atlantic City casino revenue increased massively during this year’s third quarter. Gross profit for the three months increased to $26.5 million, representing a 12.5% increase from the same time period in 2018. Atlantic City’s nine casinos generated $928.9 million in net revenue.

Things are looking very good here. Based on the way things are going, this will be the best year in the city’s history.

Which Casinos Generated the Most Money in Q3?

July, August, and September are all popular gambling months. It’s not a huge surprise to see so much money flowing into the casinos during this quarter. Some casinos managed to earn considerably more than others, though.

Borgata Casino generated the most money. It’s the most popular casino in the city and blew all of its competitors out of the water. In total, this gambling venue brought in $210,141,863. Hard Rock Atlantic City brought in the second-most money at $106,663,788.

These properties have reason to celebrate. James T. Plousis, Casino Control Commission Chairman in NJ, states that non-gambling amenities in the city proved successful last quarter, too.

“Positive trends also continued with important tourism indicators,” he said. “Non-gaming amenities continue to create a competitive advantage, and visitors like the diverse dining, entertainment and leisure activities that Atlantic City has to offer.”

Just about every casino had a solid few months. Things are obviously slowing down as winter approaches yet many are still generating more money than they did last year.

Sports Betting Revenue Surges in AC, As Well

There’s never been a better time to be a sports fan in Atlantic City. Sportsbooks in this city are continuing to improve. Both online and land-based sports gambling is legal here. For almost all of 2019, revenue from this industry has increased.

In October, sports betting helped to increase gambling revenue in this city to $266.23 million. Statewide, sports bettors here placed $487.9 million in legal sports wagers last month. 85% of these bets were placed online.

Altogether, more than $3.5 billion has been spent on sports bets in this state.

“New Jersey sportsbooks have surpassed Nevada’s in recent months, and it continues to show significant promise for the gaming industry,” said Steve Callender, president of the Casino Association of New Jersey and senior vice president of operations for the East Region of Tropicana Atlantic City’s parent company, Eldorado Resorts Inc.“We are optimistic as we approach the end of this year that we will finish 2019 out in a strong position.”

Atlantic City casino revenue and sports betting revenue continue to increase. This city has the potential to become the country’s true gambling center.

Stay tuned for more Atlantic City gambling news over the next few months!

Lawmakers Discuss Gambling Regulations in Georgia

To say that Georgia is not a gambling-friendly state is an understatement. It has some of the strictest laws towards the gambling laws of almost any other state in the country. Surprisingly, lawmakers are discussing whether or not to change the current set of gambling regulations in Georgia.

Georgia State Flag

It’s extremely exciting news for gambling fans here. Now is the perfect time to look at the current laws here, and discuss how they could change in the future. Let’s get into it!

Gambling Laws in Georgia, Explained

As we’ve already mentioned, Georgia has some of the most restrictive laws in the country when it comes to gambling. The first real set of regulations here came in 1878. That year, lawmakers in the country decided to ban the sale of lottery tickets.

Things haven’t improved much since then. For a brief time, gambling fans found a legal loophole that allowed making wagers through online poker machines. State officials quickly created legislation that made this form of gambling illegal.

In 1993, the state finally decided to create an official lottery. It’s tightly regulated, though.

A bill to legalize casinos was nearly passed here in 2012. Unfortunately, lawmakers eventually decided to shut it down. Today, traditional casino gambling remains illegal. Only cruise ships that take gamblers into international waters are available here. Amazingly, a committee was formed here to begin studying the gambling industry in April of this year.

In May of 2018, the US Supreme Court struck down PASPA, giving every state the option to legalize sports gambling. For many months, officials in Georgia seemed uninterested in making this form of gambling legal. This now appears to be changing.

Lawmakers are now meeting to talk about the current set of gambling regulations in Georgia.

Officials May Soon Change Gambling Regulations in Georgia

Earlier this month, several of Georgia’s biggest sports teams officially voiced their support for the legalization of sports gambling. The Presidents of the Atlanta Braves, Atlanta Falcons, and Atlanta Hawks all officially support these plans.

Interestingly, lawmakers are beginning to warm up to the idea of expanding gambling regulations in Georgia. These officials are now taking their show to the road. A house committee officially held a meeting in Valdosta, talking about tax revenue.

The goal is to educate residents here on the ways that expanded gambling operations could benefit the state. Many of these lawmakers believe that opening the state’s casino, sports betting, and horse racing market could help bring money to the state’s HOPE scholarship program. Today was the first meeting of the entire tour.

State Representative Brett Harrell commented on the discussion on gambling regulations in Georgia to the media today.

“Our intent is to ask the citizens, ‘Do you support inviting this industry to Georgia?’” he said. “If the answer is yes, how do you want us to enable this industry to come to Georgia so you all get your piece of the pie?”

As of now, it’s unlikely that any small cities such as Valdosta will receive a casino. Larger cities may have the ability to open one if the state changes its laws. We’ll need to wait and see how lawmakers feel about the possible changes.

More States Continue to Legalize Sports Betting

Georgia may not be completely on-board with legalizing sports betting yet. Many other states, however, are currently working to legalize this form of gambling. Several states have recently passed bills to legalize this industry and will soon begin offering odds on sporting events taking place around the world.

On November 5th, Colorado officially approved a sports betting bill. It allows for both in-person and online betting. The first bets will become available here sometime in 2020.

Many believe that in time, every state in the country will choose to legalize this industry. California seems likely to do so over the next year or two. This state is the most populous in the country. The state government would likely earn millions of dollars every single month with sports betting legalization.

Many lawmakers are beginning to realize how much money can be earned from this industry. It’s a great time to be a sports fan in this country.

Gambling regulations in Georgia could soon change. Hopefully, both casino gambling and sports betting will become available here.

Stay tuned for more updates over the next few months!

Atlantic City Wants a Piece of NJ’s Sports Betting Revenue

New Jersey has one of the most lucrative sports betting markets in the country. Recently, the Mayor of Atlantic City called for a cut of NJ’s sports betting revenue. It’s here that most sports betting operations take place, after all.

Mayor Marty Small Sr

Sports betting is extremely popular in New Jersey. It’s helping to bring the state millions of dollars every single month. Let’s look at what exactly Atlantic City is now asking for.

Sports Betting in New Jersey Continues to Grow

New Jersey was instrumental in getting the US Supreme Court to strike down PASPA. Lawmakers here accomplished this goal in May of 2018, and shortly after officially approved a bill to legalize both online and land-based sports betting. Before long, every casino in Atlantic City began operating a land-based sportsbook.

These casinos also teamed up with major online sports betting companies to operate their internet sports betting platforms. Now, all Atlantic City casinos have an online sportsbook, too. Over the past year and a half, NJ’s sports betting revenue has increased dramatically.

In fact, for almost all of 2019, sports betting revenue has increased in this state. Certain gambling venues are known to generate more sports gambling winnings. Resorts Atlantic City is well-known for earning the most betting revenue in the city.

Not long ago, New Jersey earned more sports betting revenue than Nevada. It was the first time in history that this happened.

The state is certainly happy with these revenue earnings. Officials within Atlantic City now want their piece of the pie.

Mayor Marty Small Sr. Wants a Cut of NJ’s Sports Betting Revenue

As of now, New Jersey has earned more than $33 million through taxes on the state’s sports betting industry. That’s an impressive figure considering how new this industry really is. Now, the Mayor of Atlantic City is requesting a piece of this revenue.

Mayor Marty Small Sr. has officially asked for a direct cut of NJ’s sports betting revenue. He claims that Atlantic City played a major part in the success of this industry. He wants to see Atlantic City given more power to control the money earned from regulated sports gambling.

“In 14 months, New Jersey has overtaken Las Vegas as the No. 1 sports betting destination, and a lot of it has to with the success of Atlantic City and online,” Marty Small Sr. said. “But we don’t get one penny. … That’s unacceptable.”

The mayor wants to see this sports betting revenue used for property tax relief.

“My first, and foremost goal, as it was as council president and will continue to be as mayor, is more rateables for the city and more revenue streams to offset our taxes,” he said. 

This is certainly a reasonable request. Atlantic City is no stranger to economic hard times. Better control over NJ’s sports betting revenue would help this city in a major way.

September Proves Massively Successful for NJ Sports Betting Operators

It’s no secret that sports betting revenue has been steadily increasing in this city. This is particularly true now that the 2019/2020 NFL season is in full swing. September proved to be the most successful month for the state’s sports betting operators in history.

According to multiple reports, gamblers in the state wagered more than $445 million on sports in September. It’s the most money ever wagered in this state.

Online sports wagers brought in $41.1 million for casinos in September.

James Plousis, chairman of the New Jersey Casino Control Commission, recently commented on this revenue increase to the media.

“While operators continue to face strong competition for gaming and leisure customers, the increase in total gaming revenue shows the industry has grown for the betterment of both Atlantic City and New Jersey as a whole,” he said.

Mayor Marty Small Sr. is pleading his case. We’ll need to wait and see whether or not lawmakers decide to grant Atlantic City a larger share of NJ’s sports betting revenue.

Stay tuned for more updates over the next few months!

Colorado’s Sports Betting Industry is Now Officially Legal

  • Colorado residents officially took to the voting booths this week
  • Proposition DD to legalize sports betting was introduced
  • Voters officially decided to legalize Colorado’s sports betting industry

Over the past year and a half, a huge number of states have begun taking a closer look at their sports gambling regulations. Many are beginning to see the huge potential for revenue earnings from this industry. This week, Colorado’s sports betting industry was officially legalized after a public vote on the subject.

Sports Betting

It’s fantastic news for sports fans all over the state. Soon, both land-based and online sports gambling options will be available here. Let’s look at how this all came about.

PASPA’s Removal Opens Door to Legal Sports Betting

For many years, only Nevada was legally able to offer sports gambling options to residents. This was due to the Professional and Amateur Sports Protection Act, which was intended to protect sports integrity. It was thought that limiting sports betting options around the country would help keep sports fair.

Many have voiced their objections with PASPA over the years. Finally, after a strong push from New Jersey, a change was made. In May of 2018, the US Supreme Court officially removed this set of laws. Just like that, every state had the ability to set its own laws on the sports gambling industry.

Many states immediately began presenting bills to change their laws on this form of gambling. New Jersey was one of the first states after Nevada to legalize sports betting. Delaware, Mississippi and New Mexico followed soon after.

Today, almost every state in the country has presented legislation to open their sports gambling markets. Several major Senators have voiced their support for this industry. Even states that were previously known for their harsh laws on the gambling industry are beginning to embrace sports gambling.

20 states have now officially legalized this industry. Colorado’s sports betting industry was the most recent to become legal. It was officially passed this week by a very slim margin.

Colorado’s Sports Betting Industry is Approved By Voters

Colorado is well-known for having an extremely passionate sports fan base. The Rockies, Broncos, and Avalanche all call this state home. Since 2018, there have been many calls to finally make sports gambling legal here.

Several bills were presented. Finally, Proposition DD made its way to a public vote. If approved by state residents, Colorado’s sports betting industry would officially be made legal.

Voters ultimately decided to approve this proposition. It was passed by a very slim margin, though. 50.8% of voters agreed that sports gambling should be made legal. The other 49.2% went the other way. Regardless of how close the vote was, sports betting is now officially legal in Colorado.

Under this bill, both land-based and online sports gambling are legal. Wagering on sports on land can only be done inside a brick and mortar casino. Online sports betting platforms can only be operated by companies running a land-based casino in Colorado.

With Colorado’s sports betting industry now legalized, many expected they could immediately start placing wagers on their favorite teams. This is not the case. Here’s when these options will officially become available.

When Will Sports Betting Options Become Available in Colorado?

If you were expecting to be able to drive down to your local casino and throw money down on the Broncos this week, you’re out of luck. There is still time needed for lawmakers to set specific regulations on this industry. Sports betting licenses will also need to be handed out.

Colorado’s sports betting industry will officially go live on May 1st of 2020. This wipes out any hopes of placing some wagers on this season’s Super Bowl.

Fortunately, there’s a date set. Soon, a huge number of fantastic sports gambling options will become available to residents in this state.

Soon, almost every state in the country is likely to have legal sports betting options up and running. Analysts recently predicted that the US sports betting market would generate between $6-8 billion annually by 2025. It will become the world’s largest sports gambling hub.

In less than six months, Colorado’s sports betting industry will be live. We’ll need to wait and see exactly how this state’s betting revenue compares to the others.

Stay tuned for more updates over the next few months!