Washington D.C. Arena Will Be America’s First Sports Venue with Sportsbook

Capital One Arena, the home of the Washington Wizards and Washington Capitals, is about to become the first major sports venue in the United States to have a sportsbook.

Monumental Sports & Entertainment, owner of the teams and the arena, announced a partnership with sports betting operator William Hill US. The sportsbook will span multiple floors and be accessible to both non-ticketholders and ticketholders for certain events. Expected to open in 2020, the sportsbook will be open year-round and is accessible to the public from …

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FanDuel Owner to Become Largest Gambling Company in $6 Billion Deal, Targets U.S. Sports Betting Market

Flutter Entertainment PLC, the owner of Paddy Power and FanDuel, announced a $6 billion deal to purchase The Stars Group Inc. (TSG) and become the world’s largest online gambling company.

Flutter, an Irish gambling conglomerate, owns gambling websites Paddy Power and Betfair, in addition to sports betting websites FanDuel, Sportsbet, and TVG. Meanwhile, Canadian company TSG owns the world’s largest poker website, PokerStars, as well as BetStars and Full Tilt Poker.

The combined value of the companies is approximately $12 billion. Further, the combined …

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NFL Officially Partners With DraftKings for Daily Fantasy

On September 26, 2019, the NFL announced that it has selected DraftKings to be its first official daily fantasy partner. Notably, this partnership deal does not include sports betting.

In a joint statement, the companies stated that their partnership includes “exclusive sponsorship of the daily fantasy sports category with access to NFL branding and more.” NFL Chief Revenue Officer Renie Anderson said, “[d]aily fantasy football has been a tremendous vehicle for fans of all types to deepen their engagement with the NFL.” Over 11 …

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Congress Enters Sports Gambling Arena: Proposes Nationwide Legislation

Sports and Entertainment Law Insider has been providing analysis of sports gambling since the topic emerged several years ago. In 2018, legislative interest in sports gambling rose to the forefront when the Supreme Court ruled the Professional and Amateur Sports Protection Act was unconstitutional and overturned the ban on commercial sports betting. The ruling opened the door for states to legalize and regulate the gambling industry within their borders. Since that time, states have introduced or reintroduced legislation related to the legalization of sports gambling, …

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Plaintiffs Win Big: NY Court Classifies Fantasy Sports Betting as Gambling

NY State Court Judge Connolly ruled on Monday that fantasy sports contests are gambling, thus rendering the state law legalizing their operation unconstitutional. The decision is a major blow to industry leaders like DraftKings Inc. and FanDuel Inc. However, the Justice noted that the decision fails to bind the lawmakers from excluding such contests from the penal law governing anti-gambling regulations.

Plaintiffs brought the suit against Governor Cuomo and the NY State Gaming Commission opposing the law legalizing fantasy sports betting. The law originally legalized …

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MLB Asks Lawmakers to be Cautious in Recently Legalized Sports Betting World

On July 31, 2018, at the National Conference of State Legislators (NCSL) Bryan Seeley, a senior vice president with Major League Baseball, asked lawmakers to be cautious in the recently legalized sports betting world.

As we have previously reported, in May 2018, the United States Supreme Court struck down a federal statute controlling the states’ ability to regulate sports gambling. In its majority opinion, the court voted to strike down the Professional and Amateur Sports Protection Act of 1992 (PASPA). Although PAPSA did not …

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Over/Under: Two Steps Forward and One Step Back for Legal Betting in New Jersey

On Tuesday, May, 25, 2018 the Sports and Entertainment Law Insider discussed the Supreme Court’s landmark decision to strike down a federal statute controlling the states’ ability to regulate sports gambling. Shortly after, New Jersey became the first state to officially make wagering legal and gain access to the estimated $150 billion market by approving Assembly Bill A-411.

However, America’s professional sports leagues did not respond positively to New Jerseys’ legislation. Specifically, the leagues are worried about the potential for corruption and athletes manipulating the …

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NFL Issues Statement on Regulation of Sports Gambling

On Monday, May 14, 2018, the Supreme Court struck down a federal law that prohibited states from authorizing gambling on sports. The ruling opened the door for states to legalize and regulate the gambling industry within their borders. However, the ruling also leaves open the possibility that Congress will act to set national standards in the regulation of sports gambling. Indeed, shortly after the ruling was handed down, Sen. Orrin Hatch (Utah) said that he will introduce legislation to regulate sports gambling on a federal …

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DraftKings Hires Former Mass. AG as New Regulations Appear Imminent

In the weeks following the DraftKings-FanDuel daily fantasy sports betting (DFS) scandal, the two companies have maintained their business directions, continuing operations in 44 U.S. states.  On Monday October 19, 2015, however, DraftKings confirmed that it hired former Massachusetts attorney General Martha Coakley as an outside legal advisor on legislative and regulatory matters.

Massachusetts is a state that, in the opinion of many legal commentators, is firmly supportive of DFS operations as they currently operate.  Coakley was the attorney general for Massachusetts in 2011 …

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Bookie Pleads Guilty to Extorting Thomas Vanek

The second bookie involved in a Rochester, NY gambling ring pled guilty to illegal gambling, extortion, and money laundering conspiracies on December 5, 2014.  In his plea, Joseph Ruff, admitted to extorting Thomas Vanek for partial payment of Vanek’s gambling debts.  The plea comes months after Joseph’s brother Mark pled guilty in October.

The gambling ring was based out of a Rochester restaurant called Marina Restaurant & Bar but operated through the internet.  However, after the April 2014 indictment of three men, including Ruff and …

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