happy Monday, everyone. It’s also one of the busiest assemblies in terms of sports betting news in the recent past, with the second list of Round of 32 Games start today.
A lot happened last week, especially towards the end of the week – and not only March madness finally get started.
The LSR podcast Covered many of the top stories from the past week, including a possible US listing for FanDuel Sports Betting.
If you follow @ LSPReport Hopefully you enjoyed our live coverage of the biggest story of the past week on Twitter.
Top Sports Betting News: 24/7 Tennessee Promotion Suspended
The payday loan company was geared locally Tennessee Sports betting Action 24/7 suspended his license indefinitely on Friday.
The 24/7 action reportedly failed to stop several obvious cases of failure Credit card fraud, according to the Tennessee Education Lottery. The incidents were discovered Thursday morning with Lottery Chair Susan Lanigan Suspension of the license later in the evening after the start of the First four Games.
The rest of the board – without a board member John Crosslinwhose business partner works directly with Action 24/7 – confirmed and continued this suspension at an unexpected special meeting Friday Afternoon.
Action 24/7 CEO Tina Hodges The company has already made changes, but blamed “unfounded fears about future speculative repetitions of the activity” for the continued suspension.
This is not the first edition of Action 24/7. One of his contracted employees reportedly has before Super bowl, reported the TEL also on Friday.
Negotiations for mobile sports betting begin in New York
It almost seems fitting that there should be a big annual story like the legalization of mobile sports betting in new York is overshadowed (if only briefly) when it actually appears possible.
Mobile NY Sportsbooks are closer than ever with representatives from both countries Assembly and senate Inclusion in the final state budget. Your ideas are different from those of Governor Andrew Cuomowho made his own proposal for mobile sports betting and then ran into some other pressing issues.
Both Rep. Gary Pretlow and Sen. Joe Addabbo Jr. are on the team negotiating for sports betting in NY. The two essentially drafted the proposals that were included in their respective one-house budgets in bills earlier this year.
Your suggestion would approve 14th Sports betting skins at $ 12 million everyone in advance. Sports betting income would also be taxed 12%although both have admitted that some financial details have leeway.
There is still time for major changes. The budget in New York is due April 1st.
Connecticut Receives Mashantucket Pequot Agreement
Another long-awaited deal took a big step forward with New York’s neighbors last week Connecticut.
The Mashantucket Pequot Indians agreed to an extended game proposal Governor Ned Lamont and the Mohegan Indians. Mohegan and Lamont announced their agreement earlier this month.
The proposal, which still requires legislative and federal approval, would enable sports betting for mobile and retail from both tribes and the US Connecticut lottery.
South Dakota legalized; other legislative updates
South Dakota Sports betting was legalized just months after voters made it clear they wanted to.
Gov. Kristi Noem signed the legislation into law to allow sports betting at Deadwood Casinos. The signature came after its constituents said they wanted the last betting option in a referendum November.
Other states looking to legalize sports betting were busy last week:
Barstool Sports Betting, Bally Bets, Golden Nugget receive VA approval
Three more Virginia Sports betting got their permission from the lottery even though they won’t be launching anytime soon.
Golden Nugget Online LSR said it is aiming for a summer start during Penn National said it would launch in the coming months. Ballys declined to comment but cited a recent delay Bally betting Rollout for a conference call.
With the additional permits, six licenses are granted for mobile devices only. That’s half the maximum 12th allowed.
Mature markets cope with downturns, new markets see upward fluctuations
To the New Jersey and PennsylvaniaFebruary was a slow month. However, new trends have been set in Michigan and Washington DC.
Sports betting handle in NJ and PA declined compared to January, similar to news from other states this month. The Super Bowl could no longer make up for the NFL playoffs in both states from January.
Michigan, meanwhile, reported more than $ 300 million under control in his first full month of MI mobile sports betting.
In DC sports betting, the grip fell on GambetDC. The district’s newest geofenced app William Hill, however, appears to be picking up steam.