Missouri Sports Betting Ballot Petition: Professional sports franchises in Missouri have amassed over 300,000 signatures to advance their ballot initiative.
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Industry News
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Kentucky legislators override Governor Beshear’s veto to establish an independent gaming regulatory agency overseeing horse racing and sports betting. Despite previous agreements on sports betting governance, the bill creates a new entity outside the governor’s control, sparking controversy over its implications for the industry.
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The Alabama-Coushatta Tribe of Texas unveils plans for a new casino, anticipating economic growth for the region. Meanwhile, former Governor Rick Perry advocates for legalized mobile sports betting, emphasizing its potential to keep revenue within Texas and protect consumers from offshore sites.
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Efforts to bring iGaming to the Pine Tree State have failed as the most recent attempt has been voted down by the House amidst concerns that it would negatively impact commercial casinos should the state’s tribes gain exclusive control over the market.
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The Mississippi House forwarded a thorough sports betting bill to the Senate, but the returned version, significantly altered, stripped key components like online betting. The House rejected the Senate’s iteration, necessitating a compromise for gaming progress in the Magnolia State.
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An amendment to the state’s lottery law, House Bill 365, would expand the mobile sports betting market in Delaware from one operator to several. If the bill is passed it is expected to provide competition to the online sports betting industry and boost revenue.
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Virginia Senate rejects Gov Glenn Youngkin’s amendments tightening regulations on skill games, resembling slot machines. The amendments aimed to restrict game locations, increase taxes, and limit the number of machines. Debate ensues over gaming legislation and its potential impacts on small businesses and communities.
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In 2023, New York’s sports betting market boomed, with over $19 billion wagered, a 20% increase from 2022. FanDuel led with $8.10 billion in mobile bets, outperforming DraftKings and Caesars. The industry’s growth hints at a promising future despite regulatory challenges.
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Maryland’s House Bill 1524 aims to rejuvenate horse racing, shifting Pimlico’s ownership to the state and investing $400 million for renovations. The move targets younger audiences, embracing modern trends like online wagering, while preserving the legacy of the iconic Preakness Stakes venue.
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Industry News
Historical Horse Racing Approval in Minnesota Triggers Swift Legal Action by Sioux Tribe
A recent approval by the Minnesota Racing Commission to grant horse tracks in the state the ability to offer historical horse racing machines has triggered a backlash from a Minnesota Indian tribe that is asking an Appeals Court to rescind the regulatory change.
