Articles by: Grant Mitchell

As Ali’s statement suggests, many politicians concede a variety of restrictions, such as betting on in-state colleges and universities, to control local gambling markets. However, the recent findings show that may be detrimental to the long-term safety of American gamblers.

The Alabama Senate Tourism Committee passed HB 151 and HB 152 but with numerous changes, most notably the total disregard for sports betting. They also reduced the number of possible tribal casinos to just three.

The state projects $24 million in tax funding during the first full year of iGaming, giving it another shot in the arm after it launched its first legal sports betting sites in January. Early estimates suggest the iGaming market could grow to nearly $40 million after five years.

The bet was placed at Caesars Sportsbook for +750 odds, meaning that the longtime Texas resident will win $7.5 million if his hometown team can successfully navigate the single-elimination 64-team bracket. They are second or third in odds at most legal sportsbooks at the time of writing.

Billy Walters, 77, has made millions of dollars by consistently beating the sportsbooks at their own game. But as technology continues to become more powerful amid the sports betting boom, he is aware that his edge will disappear eventually.

State Senators on Tuesday approved a constitutional amendment that would allow voters to decide the fate of sports betting at the November ballot. That came just one week after the Georgia Senate Economic Development and Tourism Committee advanced it in hopes of bringing sports betting to the eighth-most populated state.

Encore Boston Harbor was fined $40,000 by the Massachusetts Gaming Commission (MGC) for allowing users to place bets on Boston College women’s basketball last year. That was the second time since July the casino was fined for the same infraction.

The company purchased PointsBet’s North American assets, including licenses, last year. As the license transfers were processed and the company was approved for launch, it's been able to slowly expand its reach across the country.

“We are continuing to make significant strides towards putting all the different pieces together and being prepared for the successful launch of sports and pari-mutuel wagering on March 11, which is not that far off,” North Carolina Lottery Commission Chair Ripley Rand said during a Wednesday meeting. 

The training wheels are completely off of the American gambling market. Although casinos have been legal for years, the rise of sports betting has brought the prevalence of all forms of gambling to the forefront of many Americans’ lives.