The hearing on Sports Betting was held in Philadelphia on Tuesday. This will impact New Jersey and Pennsylvania “Look for either an 8-4 or 7-5 victory in favor of the leagues,” said Daniel Wallach, a sports and gambling lawyer at Becker & Poliakoff in Fort Lauderdale, Fla. “I don’t expect New Jersey to raise the white flag if it loses. The state is nothing if not persistent.”
As part of a grassroots efforts, the American Gaming Association recently launched a website – SportsBettingInAmerica.com – that serves as the hub for information and support from people across the country. If you agree that sports betting law should be changed, join the effort and sign up.
International news gives support to the movement for Sports Betting in America. The following is an article from I Gaming Business. Spain’s gambling regulator, the Dirección General de Ordenación del Juego (DGOJ), has revealed that the country’s online gaming market experienced a 26% year-on-year increase in revenue in the 12 months through to December 31, 2015.
Gross gaming revenue for the full year totalled €319.6 million ($357 million), while turnover also increased 28% year-on-year to more than €8 billion.
Sports betting served as the main source of income for operators, generating a total of €179 million of the overall revenue figure and representing an increase of 49% on the previous year.
Although the online slots market also jumped 80% to €67.5 million, the DGOJ did report that revenue from poker dropped to €59.8 million, while bingo also fell to €7.8 million.
The largely positive full-year results come after an impressive fourth quarter in the country, during which revenue hiked 40% year-on-year to €94.7 million.
Sportsbook revenue came in at €53.5 million for the three months to December 31, with casino generating €22.6 million, poker €14.5 million and bingo just €2.1 million.
The decision will be rendered sometime later this spring or early this summer. I am not confident that New Jersey will prevail. I do think this battle will pick up on a national level.
I am headed to Las Vegas this week. I will share part of my time with you once I return.
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