June 13, 2017 By Jonathan D. Salant WASHINGTON — Casino industry officials on Monday launched a new campaign to legalize sports betting, something New Jersey has been trying to get for years. They’re behind the new American Sports Betting Coalition, which is trying to get Congress to repeal a 1992 law that allows such wagering in only four states: Nevada, Delaware, […]
Washington, DC – Riding a wave of unprecedented support for legalized sports betting, the American Sports Betting Coalition (ASBC) today launched a campaign to end the 25-year-old failing federal ban known as the Professional and Amateur Sports Protection Act (PASPA). PASPA prohibits sports betting outside Nevada. According to new research by Oxford Economics, legalizing sports […]
March 21, 2017 By Dustin Gouker If you want to know what the rest of the US is missing on the sports betting front, spend some time in a Las Vegas sportsbook on the first weekend of March Madness. What happens in Vegas for March Madness… I’ve been to Vegas plenty of times before, but never for the opening weekend of […]
March 14, 2017 By David Purdum Americans are expected to complete 70 million NCAA tournament brackets this year, risking on average $29 per bracket and contributing to the $10.4 billion that will be bet overall on March Madness, according to estimates released Monday by the American Gaming Association. The $10.4 billion expected to be bet […]
March 14, 2017 By Karen Farkas CLEVELAND, Ohio – The office bracket pool has gotten underway as the NCAA March Madness basketball tournament approaches. While many will throw in a few dollars with their entries, big money – about $10.4 billion – will be wagered on college games, says the American Gaming Association. That number marks […]
Washington, DC – Just days before the NCAA men’s basketball tournament tips off, the American Gaming Association (AGA) is estimating that Americans will wager $10.4 billion on March Madness. The number marks a 13 percent increase over last year’s estimated $9.2 billion wagered. Of the $10.4 billion that will be wagered on the tournament in 2017, only […]
March 13, 2017 By Marc Tracy Starting in the 1970s, eight prosecutors in the Justice Department’s Public Integrity Section set up a standing meeting. Once a year, they would gather in the deputy attorney general’s conference room and run an elaborate pool for the N.C.A.A. men’s basketball tournament. “We mostly followed the law,” said Reid Weingarten, one […]
March 13, 2017 By Eddie Pells Here’s one thing millions of Americans can agree on: March Madness is fun, especially when there’s a little money on the line. So fun, in fact, that more people will fill out NCAA Tournament brackets this week than voted for either Donald Trump or Hillary Clinton in last year’s presidential election. […]
Washington, DC – A legal, regulated sports betting market will increase consumer safety and protect state sovereignty, a new report from a non-profit Washington, D.C. think tank said Thursday. The report, Time to End the Madness around March Madness, issued by the Competitive Enterprise Institute, details how eliminating the ban on sports betting would generate tax revenue […]
March 2, 2017 By Richard N. Velotta When President Barack Obama rolled out his March Madness college basketball bracket predictions on television every year, he acknowledged his participation in an illegal activity commonly enjoyed in workplaces nationwide. Now, a nonprofit Washington think tank is criticizing the federal ban on sports wagering, joining the chorus of […]