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When fixing occurs, bookmakers notice and alert the authorities. Europeans love to bet on sports. So do Americans, but until recently sports gambling was illegal in every state but Nevada. American sports leagues lobbied Congress to pass a nationwide ban, which it did in 1992. But in May, with Murphy v. National Collegiate Athletic Association, the Supreme Court struck it down, leaving states free to legalize the practice. The leagues may be better off as a result. Sports wouldn’t be as popular without betting. Spectators get more involved when they back their opinions with money. Many...

For the original version including any supplementary images or video, visit https://www.wsj.com/articles/legal-gambling-can-be-good-for-sportsand-even-for-opera-1533331467

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However, the injury sent the Knicks into a tailspin. They finished the season 6-21 to fall under the total by a hook (half a game). Now, Porzingis continues to recover from the knee injury that could sideline him well into the next calendar year, and the Knicks are not entirely better than the team that finished the year. The backcourt is weak, and the only real positive addition is Kentucky forward Kevin Knox, who will be a very good pro, but is still a rookie. On top of that, the Knicks will have to face Boston, Toronto and Philadelphia a total of 12 times, with 30 other contests against the tough Western Conference. Should Porzingis be out of the lineup until sometime in February, this Knicks team will be very uninspiring next season.

For the original version including any supplementary images or video, visit https://nypost.com/2018/08/20/four-ways-to-invest-in-nba-win-totals/

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A new era for sports betting in Mississippi Scientific Games Corporation is celebrating the launch of sports betting with Caesars Entertainment, powered by its OpenBet product suite, in Mississippi. With the opening wager placed on August 14 at the Horseshoe Tunica Hotel and Casino, the firm claims to have ushered in a new era of sports betting for the state. Harrah’s Gulf Coast Hotel & Casino in Biloxi also started offering sports betting on August 20, marking another landmark launch for Caesars. Chris Armes, chief technology officer for SG Digital, commented: “Scientific Games remains committed to providing next level experiences to sports betting players through our best-in-class OpenBet sportsbook platform. The launch of sports betting in Mississippi is not only a great step forward in our partnership with Caesars, but also a testament to our commitment to speed to market delivery, as we pivot our business to stay agile and adaptable.” He added: “The deployment of Caesars sportsbooks has been one of the fastest ever deployments of our platform. Our cross-functional teams across the globe worked tirelessly from commercial sign-off through to go-live.” Keith O’Loughlin, SVP Sportsbook for SG Digital, said: “We’re thrilled to see such a successful launch in Mississippi.

For the original version including any supplementary images or video, visit https://sbcamericas.com/2018/08/24/a-new-era-for-sports-betting-in-mississippi/

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The bill opened the door for states to make their own laws regarding sports betting, and some were more prepared than others for the opportunity. Within months, New Jersey and Delaware launched physical sportbooks. Other states are lagging behind, with some states not even discussing their plans for sports betting until 2019. Delaware was the first state to launch sports betting after the Supreme Court ruling, going live in June. There are three physical sportsbooks in Delaware, which already had parlay wagering on sports before the ruling. New Jersey launched just weeks later, with Monmouth Park becoming the first sportsbook to open for business. Resorts Atlantic City followed soon after, partnering up with DraftKings for the company’s first official sportsbook. Other Atlantic City casinos that have opened sportsbooks include Borgata, Ocean Resort, Hard Rock, Golden Nugget Bally’s and Harrah’s. Right next to MetLife Stadium, The FanDuel Sportsbook at the Meadowlands Racetrack opened in July. Unlike other states, New Jersey is quickly getting into mobile gaming. DraftKings was the first to market, launching their standalone sportsbook app in late July.

For the original version including any supplementary images or video, visit https://heavy.com/sports/2018/08/where-is-sports-betting-legal/

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That’s less than a 1 percent increase — $10.9 million — in gross adjusted revenue over the previous fiscal year and still below the record of nearly $1.47 billion in fiscal 2012. In Northwood, Diamond Jo brought in $84.8 million, down from $86.5 million in fiscal 2016 and $85.1 million in fiscal 2017.  “We’re stable, we’re strong and we’re mature,” said Wes Ehrecke of the Iowa Gaming Association, an umbrella group for the state-licensed casinos. Brian Ohorilko, administrator for the Iowa Racing and Gaming Commission, said he was “encouraged” by the gaming industry’s fiscal 2018 performance but noted the casino operators are concerned about downturn in patrons passing through their turnstiles. The number of patrons decreased 1.1 million compared to the previous year’s 21.8 million visitors.  Admission at Diamond Jo was also down about 155,000 visitors.  All but one casino posted a higher per capita “win,” going from $67 per patron the past two fiscal years to $71 per patron in fiscal 2018. The casino “win” figure is how much money each patron loses on average, explaining why gaming revenue is up even though attendance is down. At Diamond Jo, the "win" went up from $68 to $78 the past two fiscal years.  “I think fiscal 2018 was an encouraging year for a number of the operators and, even though revenues were essentially flat with a slight increase, I think what was encouraging is we saw more facilities demonstrate growth and that had not been the case in the past few years,” Ohorilko said. “There are just as many facilities that demonstrated growth in revenue as facilities that had not, and that had not been the case in the past few years. I think that definitely is a good sign in terms of stability and the market in Iowa being strong, predictable and consistent.” In all, nine casinos posted higher revenue numbers last fiscal year while 10 reported declines. Unlike previous years, there was no construction or major capital improvements that might have skewed the comparisons, Ohorilko said, meaning the fiscal 2018 report “really is a true year-over-year picture and I think demonstrates the continued stability in the Iowa gaming market.” Ehrecke said inclement and unseasonably cold weather in March and April had a negative impact on some admissions as Iowans stayed home rather the brave the elements. “When people don’t go out on those weekends,” he said, “that can have an impact on your overall attendance, and it’s difficult to get that back.” Perhaps the best prospect Iowa casinos have for attracting new patrons and expanding their demographic base is the recent court decision allowing states to adopt legal sports wagering — an option Ehrecke says his association’s members will push the Iowa Legislature to enact during the 2019 session. “We intend as an industry to request a bill to legalize sports betting to be introduced and hopefully to get passed,” Ehrecke said.

For the original version including any supplementary images or video, visit https://globegazette.com/news/local/casino-revenue-tops-b-in-iowa/article_07939f45-a565-59a1-903b-759306419ebe.html

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Those moral and societal discussions should continue to take place, because we ignore the concerns of any of our citizens at our own peril. One of those concerns came up in a story by Justin Conn in our July 20 edition, “State making play for sports betting.” Conn talked to people who have skirted the spirit of the law, if not the letter of it, with offshore gambling, and also bettors who go to illegal bookies. Conn found several individuals who said they'd be more active wagering on sports if they were able to do so from their smartphones. It's far more common than we might suspect. According to the Baltimore Sun, in Las Vegas, more than 60 percent of sports book bets are placed with Nevada's mobile gaming app. Major sports leagues have been working on plans to encourage betting in stadiums during games. One of the key advantages in using an app for wagering, as close to two dozen Las Vegas casinos already offer, is knowing the location of the person doing the betting and helping protect game integrity. Smartphones already can be used in Illinois to buy lottery tickets. We stand by our previous position. In spite of the sound arguments against legalizing the implementation of sports gambling, if Illinois does not put the matter on the fast track, it will be a decision with long-range ramifications and negative effects. “We always do it” and “if we don't, others will” are not strong arguments supporting legalized sports gambling.

For the original version including any supplementary images or video, visit https://herald-review.com/opinion/editorial/our-view-we-also-must-decide-how-we-want-to/article_6a8ba04e-e947-5783-8bf5-2f6a673cd87f.html

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Last week, the Czech Ministry of Finance released its official stats for its homegrown gambling market’s 2017 performance. Total revenue came to CZK39.8b (US$1.77b), up only 1.1% from 2016’s result , despite gambling spending rising 14.1% to CZK224b last year. The modest gains belied a surge in online gambling, which shot up 56% year-on-year to CZK8.3b ($370m), representing slightly more than one-fifth of the overall market. Online fixed-odds sports betting enjoyed healthy growth, rising nearly CZK1b to just under CZK6.2b in 2017. Revenue from online casino, which domestic operators weren’t allowed to offer until the country revised its Gambling Act in 2016, totaled just over CZK2b, while live casino added another CZK120m. Online lotteries, which also weren’t permissible until last year, contributed CZK276m, while land-based lotteries reported a nearly CZK500m decline to CZK6.1b. The Czech Republic imposed a new gambling regulatory structure on January 1, 2017 that resulted in most internationally licensed online operators exiting the market rather than pay the stiff new taxes (23% sports betting, up to 35% for slots, on top of a 19% corporate tax) and deal with fresh restrictions on online bonus offers . A few brave international operators began trickling back as 2017 drew to a close. The Czech government’s share of all this gambling bounty totaled CZK12.2b, a new record, driven in part by the tax hikes and license fees for the new online operations. Last month, Finance Minister Alena Schiller forecast that the state’s 2018 gambling take would likely fall to around CZK10b, a level at which it’s expected to stabilize over the next few years.

For the original version including any supplementary images or video, visit https://calvinayre.com/2018/06/28/business/czech-online-gambling-market-spikes/

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A last-gasp effort by casino interests to put the kibosh on online developments. Having failed to get much traction on a federal prohibition of online gaming, casino magnate Sheldon Adelson and his coalition have pointed to targeted online ads promoting online gambling as proof that Congress should take action. But the measure is a desperate ploy, given that the ads aren’t intentionally placed on certain sites by the online casinos. Business Insider recently ran a story about the Coalition to Stop Online Gambling’s opposition to the ads. The coalition says it has found such ads on websites about gambling addiction or featuring children’s games. In its story, Business Insider pointed out that such placements are called retargeting ads. They don’t pop up on unrelated websites unless the web user initially visits a site related to the ads. As an example, Business Insider mentioned that a promotion for a hotel in San Francisco might show up on other websites after the user searched for flights to that city. Business Insider searched the same pages mentioned by the coalition and was shown a different set of advertisements.

For the original version including any supplementary images or video, visit https://spectator.org/anti-online-gambling-coalition-grasps-at-advertising-straws/

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