Sports betting is limited to those 21 and older, and the state will collect a 6.75% tax on net receipts.
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Montana became the first state to legalize sports betting this year after Gov. Steve Bullock signed a bill Friday for the state lottery to oversee a system of wagering through kiosks and mobile applications that could be running by fall.
James Holzhauer was recognized on Thursday as a goodwill ambassador and given the key to the Strip as officials declared May 2, 2019, “James Holzhauer Day” throughout the county.
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.
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.
Most of the states that moved quickly to legalize sports betting after the Supreme Court cleared the way are still waiting for the expected payoff. Tax revenue has fallen far short of projections in four of the six states where gambling on sporting events started last year.
Morgan said in an interview after the hearing that state regulators deal with illegal gaming operations “all the time,” and the bill would give them another tool to combat those kinds of activities.
The Department of Justice’s Office of Legal Counsel has issued a replacement for its 2011 opinion, saying that the Wire Act only applies to sports betting.
Bettors won big when, according to the Washington Post Fact Checker, President Donald Trump made six false statements in Tuesday’s speech on border security from the Oval Office.