Regulators and gaming industry leaders say they’d welcome daily fantasy sports operations in Nevada, but not under the framework offered in proposed legislation unveiled by Fan Duel and Draft Kings, the nation’s largest fantasy providers.
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Rowing, shooting and judo — the U.S. might have won big gold medals in those Olympic events but some of the most prominent Las Vegas sports books didn’t even bother with them.
FanDuel and DraftKings, the largest daily fantasy sports operators in the country, are angling to return to the Nevada market and a representative will make a presentation to the Nevada Gaming Policy Committee next week.
Gov. Chris Christie thinks the U.S. Supreme Court should decide whether New Jersey can legalize sports betting. He commented Wednesday while co-hosting a sports-talk radio show.
Former National Basketball Association Commissioner David Stern, a supporter of legalized sports wagering, will address next month’s Global Gaming Expo in Las Vegas.
New Jersey’s latest shot at legalized sports betting suffered a significant setback Tuesday, when the U.S. Third Circuit Court of Appeals upheld the prohibition of sports gambling in that state by a 10-2 vote.
The 3rd U.S. Circuit Court of Appeals ruling invalidated a law enacted by New Jersey in 2014 that would have allowed sports betting at casinos and racetracks. The court found New Jersey’s law repealing prohibitions against sports gambling violated the 1992 Professional and Amateur Sports Protection Act, which forbids state-authorized sports gambling.
British bookmaker William Hill Plc rejected a 3.2 billion-pound ($4.2 billion) cash-and-stock offer from 888 Holdings and Rank Group, a deal that would take recent industry consolidation to a new level.
The president of the American Gaming Association says while casino revenue has leveled off in Mississippi and other states, sports betting could be that new amenity consumers want, which will keep tax money rolling in.