On October 29, 2018, the NHL announced a partnership with MGM Resorts International and became the second North American sports league to reach a partnership with the professional sports betting operator. As per the terms, the NHL officially designated MGM Resorts as the official sports betting partner of the NHL. Specifically, the deal allows MGM Resorts to host NHL promotional opportunities and establishes MGM Resorts as an official resorts partner of the NHL. Further, the deal provides MGM Resorts access to the NHL’s proprietary game …Continue Reading
Tag: sports gambling
NCAA’s Response to Legal Gambling: Rule Changes and Support for Federal Regulation
In response to the May 14, 2018 Supreme Court ruling which opened the door for states to legalize sports gambling, the National Collegiate Athletic Association (NCAA) released a statement outlining its reaction to the decision. The statement is headlined with support for federal regulation of the sports gambling industry as a “necessary safeguard to the integrity of college sports.” In addition, the NCAA Board of Governors has temporarily suspended its rule prohibiting championship events from being held in states that offer legal sports betting in …Continue Reading
Supreme Court Bets on Federalism in Sports Gambling Ruling
On Monday, May 14, 2018, the Supreme Court of the United States struck down a federal statute controlling the states’ ability to regulate sports gambling, destroying Nevada’s monopoly and opening the door for other states to get in on the multi-billion dollar industry. In its majority opinion, the court voted to strike down the Professional and Amateur Sports Protection Act of 1992 (PASPA). Although PAPSA did not make sports gambling itself a federal crime, the Act made it unlawful for states to promote, license, …Continue Reading
eSports Multibillion Dollar Question
As one of the fastest growing industries today, eSports is starting to garner the attention of not just investors, but also gamblers. The interest in eSports from sports bettors is predictable, given that this industry generated $325 million in revenue in 2015 from merchandise, media rights, advertising, and tickets alone. In fact, according to the market research firm Eilers & Krejcik, the unregulated eSports betting market generated around $7.4 billion in betting turnover in 2016 and is expected to reach $23 billion by 2020. As …Continue Reading
Christie and the Horsemen Ask the Third Circuit to Vacate Injunction & Open the Door to Sports Betting in NJ
On Wednesday, January 14, New Jersey Governor Chris Christie filed a brief with the Third Circuit US Court of Appeals, seeking to overturn the district court decision enjoining recent legislation that would open the door to some sports gambling in New Jersey.
The 2014 law in question was passed to effectuate a partial repeal of prior New Jersey law that prohibits betting on sports within the state. The partial repeal would allow casinos and racetracks within the State of New Jersey to facilitate sports betting. …Continue Reading
Leagues Respond to New Jersey Sports Betting
On Monday, September 29, four major professional sports leagues and the NCAA (“Leagues”) challenged New Jersey’s latest attempt to offer legal sports gambling within the state. The Leagues filing is in response to New Jersey Governor Chris Christie’s directive to allow casinos and racetracks to offer sports wagering so long as it is not state-regulated.
The Leagues argue that Governor Christie’s directive conflicts with the 1992 Professional and Amateur Sports Protection Act (PASPA) which bans individual sports gambling in all but four states. Governor Christie …Continue Reading