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Insight


UNITED STATES Sports-betting


US Sports-Betting Update AT A GLANCE Sports Betting Bill Will Part of


Ballot in Colorado l


Indiana’s new Gaming Law


Approved l


Tennessee Will Go Ahead with New Gaming Rules Without


Governor’s Approval l


Iowa Approves Sports Betting


Bill l


New Jersey Files DOJ Lawsuit l


FanDuel Expands Partnership with Sportradar to Include Live


Streaming l


NASCAR and Genius Sports Announce Landmark Deal


State Tracker Colorado


A new sports betting bill will be put forward as part of a ballot after the Colorado Senate gave a last minute preliminary approval to House Bill 1327.


If approved House Bill 1327 will establish the Colorado Gaming Control Commission (CGCC), and impose a 10 percent tax on sports betting proceeds through the state’s 33 land-based casinos. This tax component of the bill will then need to be put to Colorado voters for approval during the upcoming 2019 general election.


According to the new bill: “Persons or entities currently licensed to conduct limited gaming (i.e., the owners of casinos in Central City,


National Focus


New Jersey Attorney General Gurbir Grewal has filed a lawsuit against the US Department of Justice (DOJ), alleging that it has violated the Freedom of Information Act by failing to provide answers in response to New Jersey’s demand for any documents linking DOJ’s recent crackdown on state-sanctioned online gaming to the lobbying efforts of casino magnate Sheldon Adelson.


“Online gaming is an important part of New P32 NEWSWIRE / INTERACTIVE / MARKET DATA


Jersey’s economy, and the residents of New Jersey deserve to know why the Justice Department is threatening to come after an industry we legalised years ago,” said Attorney General Grewal. “It’s especially important that we figure out whether this federal crackdown is the result of a lobbying campaign by a single individual seeking to protect his personal business interests.”


In January the DOJ issued a new opinion


suggesting that the Wire Act prohibits wire transmissions of any interstate betting. Te ruling threatens to put plans in a number of states to offer online sports betting off course and expands restrictions on online gambling. Previously Grewal had not only sent a letter of complaint to the DOJ but also filed a Freedom of Information Request on behalf of New Jersey over suspicions that lobbying efforts by Sheldon Adelson could have been behind the sudden turnaround.


Black Hawk, and Cripple Creek) are the only persons or entities eligible to hold a ‘master license’ to conduct sports betting upon paying a license fee and submitting to background checks. A master license entitles the licensee to contract with a licensed ‘sports betting operator’ or a licensed ‘internet sports betting operator’, or both, for the operation of sports betting.”


Licences will be valid for two years. In addition, sports betting in Central City, Black Hawk, and Cripple Creek will only be allowed if the voters of each city give their approval in a vote held concurrently with the state-wide election in November 2019.


State Tracker Indiana


Indiana Governor Eric Holcomb has signed a bill allowing sports betting. Indiana will allow retail sportsbooks at casinos and other locations along with state-wide mobile wagering, having removed it from the bill and then added it back in.


The bill passed by a 37-12 margin in the Senate and by 59-36 in the House. HB 1015 will usher in a major expansion of gaming in the state while its provisions for sports betting will go into effect on September 1 2019. The bill puts in place a 9.5 per cent tax rate on adjusted gross receipts for sports betting and allows sports betting “at riverboats, racinos, a Vigo County casino, and satellite facilities.”


A previous version cleared the Indiana House of Representatives in April by a vote of 78-15. Senate Bill 552 would have allowed sports betting in-person at casinos,


racetracks and off track betting sites. However, in order that sports betting rules be passed the mobile language was removed from the legislation. All the same online regulation was always likely to be included in the final draft of the bill as members of both the houses met in order to hammer out a new deal and reach agreement on the final draft of the bill before a final vote.


Governor Holcomb said: “Gaming is a highly regulated industry that once had little competition, but now does from surrounding states and new technology. By modernising our laws, this legislation will spur positive economic growth for our state and for an industry that employs over 11,000 Hoosiers. Additionally, it will bring in new revenue and create hundreds of new jobs — both permanent and in construction. I will direct the Indiana Gaming Commission to monitor for potential effects of this bill so that we can make necessary changes in future legislative sessions.”


State Tracker Tennessee


Tennessee looks like it will go ahead with new gaming rules without the governor’s approval. Lawmakers from both parties are moving to create a legalised framework for sports betting in the state. The state does not have any casinos or racetracks and gaming is currently limited to a state-wide lottery and fantasy sports. The new bill will permit sports betting over the internet and via mobile apps, without any physical sports betting locations being required in the state. The bill was sponsored by Democrat Rick Staples and was passed with


the House voting 58 to 37 in favour and the Senate approving it by 19 to 12. The tax rate has been set at 20 per cent with the licence fee set at $750,000.


However, the new bill does not have the approval of Governor Bill Lee who does not want to see an expansion of gambling in the state. Despite this the bill is likely to be passed without his signature according to press secretary Laine Arnold.


“The governor has said he does not believe that the expansion of gambling is best, but he recognises that many in the legislature found this to be an issue they want to explore. He plans to let this become law without his signature,” she said.


State Tracker Iowa


After strong impetus for sports betting in the state lawmakers have approved a bill to legalize sports betting and fantasy sports. The bill allows for both land based and online sports betting and Iowans will be allowed to bet at the state’s 19 casinos and over mobile devices. The Iowa Racing and Gaming Commission will be responsible for developing rules for casinos. Governor Kim Reynolds signed the bill into law in May. The Governor’s spokesman Pat Garrett said: “Governor Reynolds believes that legalising sports betting will bring this practice out of an unregulated black market.”


Taxation has been set at 6.75 per cent with a $45,000 license fee and a $10,000 renewal fee. Online operators will be allowed to offer two skins per licensee.


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