Canadian Senators are evaluating Bill S-269 to regulate or ban gambling ads due to their impact on citizens, especially children. The bill, supported by Ontario Sen. Marty Deacon, seeks to limit ad exposure and ensure responsible gambling practices. Hearings are set for the proposal.
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Industry News
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The process for selecting three casino projects and the operators behind them has moved at a glacial pace, therefore, it was no surprise that legislators voted to impose a strict deadline to make those selections and get those projects off the ground.
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The horse racing industry has enjoyed a resurgence recently after years of decreasing numbers. Online horse wagering has propped up the numbers and getting into business with mobile sportsbooks could be the best avenue for the industry.
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Indiana’s sports bettors showed a strong preference for basketball in May 2024, marking a 35.5% increase from the previous year. The surge is attributed to the Pacers’ NBA playoff run and the Indiana Fever’s popularity, boosting the state’s overall sports betting handle.
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The Massachusetts Gaming Commission is investigating ESPN host Rece Davis for calling a betting proposition a “risk-free investment.” This incident raises concerns about the blurred lines between ESPN and ESPN BET, which is owned by Penn Entertainment.
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The Tennessee Sports Wagering Council fined ZenSports $60,000 for inadequate funds in its reserve account, a violation noticed in December 2023. Fanatics was also fined for allowing six accounts, despite being on a self-exclusion list, to place bets due to faulty code.
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Discover Maine’s sports betting landscape, from changes in wager amounts to revenue fluctuations. With DraftKings dominating the market and potential boosts from events like the Olympics, the state’s betting scene promises an intriguing journey ahead.
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The NCAA is advocating for a ban on college player prop betting to protect athletes from harassment and potential game rigging. Understand the rationale behind this push and the legislative responses from various states.
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Industry News
FanDuel Closing in on Deal to Acquire Bally Sports TV Channels from Diamond Sports Group
FanDuel is close to taking over operations of 18 Bally Sports TV channels from Diamond Sports Group (DSG). This move, contingent on DSG resolving its bankruptcy, would significantly expand FanDuel’s media presence, particularly in major markets lacking legalized sports betting.
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Shohei Ohtani’s former interpreter, Ippei Mizuhara, has pleaded guilty to bank and tax fraud, admitting to siphoning $17 million from Ohtani’s account to cover gambling debts. Ohtani, cleared of any involvement, expressed relief and gratitude for the swift resolution.
