Latest
Recommended
Published: Tue, May 15, 2018
Global Media | By Abel Hampton

MGM reacts to Supreme Court's ruling on sports betting

MGM reacts to Supreme Court's ruling on sports betting

Before any bets are made each state must pass a state law to do so.

Mitchell said he was open to the idea of regulating sports betting in IL, but with gambling machines, horse tracks and riverboat casinos already prevalent, he questioned whether gambling in the state had reached its saturation point.

"The timing would have been great to have had this done four weeks ago", added Ehrecke.

If a sports betting bill is pursued, there isn't a lot of time remaining in the current legislative session.

"It's about time. Let's get this done". "I think when you have that financial upside it makes it a lot more exciting".

However, Danielsen said the bill is by no means a lock.

"I have not read the Supreme Court brief yet, but we are going to look at that, certainly the legislature, it appears that the regulation of this is returning to the states, and we'll take a look at it when it comes", said Gov. Jeff Colyer. I don't think the players have any thoughts about that. The casinos already existing in the southern part of the state will be expected to take up a casino style sports book.

Statistics from the agency responsible for promoting Las Vegas show 74 percent of the city's 42.2 million visitors in 2017 gambled during their trip, but it is unknown how many of those placed bets on sports.

The Professional and Amateur Sports Protection Act, also known as the Bradley Act, was a law created in 1992 to prohibit sports betting in many states.

Instead, under the ruling it will be up to each state to come up with its own set of sports betting rules.

The state's gaming commission says regulatory processes and conversations with casino operators are already in the works, meaning sports betting could be taking place at casinos across MS come fall.

IL is already saturated with gaming, including video gaming, horse race tracks and casinos, to the point that admissions to casinos are down 3 million to 4 million a year, Mr. Swoik said. William Hill has sports betting parlors in England.

Keith Whyte, the executive director of the National Council on Problem Gambling, believes any governmental body and sports league that receives a direct percentage or portion of sports betting revenue must also dedicate funds to prevent and treat gambling problems. But changes are on the way, and the professional leagues and NCAA responded today.

Casinos would likely join in as well. Gambling scandals in different sports leagues across the globe have destroyed leagues because people don't trust the outcome.

It's estimated that upwards of 150 billion dollars is spent in illegal wagering - that's money that could be taxed and recouped by states and tribes and put to good use.

Scott Riak drives up often from Greeley for the slots but he thinks sports betting would bring more of his buddies up here on NFL Sundays.

Like this: