Delaware will begin full-scale sports betting next week, wasting no time after a U.S. Supreme Court ruling cleared the way for states to implement wagering schemes.
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Policymakers in several states, executives at some Las Vegas companies and potential bettors across the country are moving toward capitalizing on what is being touted as a landmark decision for the gaming industry.
Nationwide sports wagering is on its way. You can take that to the bank. But what that means for Nevada’s legal sportsbooks is still debatable.
The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports.
The wait for an answer on whether nationwide sports betting will be allowed may come as soon as Monday.
Station Casinos has caught playoff hockey fever and will offer free bets on the Vegas Golden Knights to win the Stanley Cup. Payouts could amount to up to $1 million if the team wins it all.
Derek Stevens has gained priceless promotional value with his NCAA Tournament gambit. Before the tournament, the aggressively loyal Michigan grad bet $25,000 on the Wolverines to win the championship at 40-1 odds.
DraftKings spokesman James Chisholm said the leading daily fantasy company “is perfectly positioned to succeed in a legal sports betting market.”
The American Gaming Association believes $10 billion will be bet on the NCAA “March Madness” basketball tournament that begins this week and only 3 percent of that will be wagered legally.
Former clients of Bettor Investments, one of the first sports betting mutual funds in Nevada, are accusing the company’s founder of going “radio silent” and not responding to requests to return their money.