Gambling industry

May 25, 2018 - 12:44 am
NEWARK, N.J. (AP) — A New Jersey horse racing association has filed a legal action against the four major pro sports leagues and the NCAA over what it says is more than $130 million in lost sports betting revenue. The action filed Thursday in federal court claims the leagues acted in bad faith when...
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May 24, 2018 - 9:37 am
ATLANTIC CITY, N.J. (AP) — The NBA is defending its quest to receive part of the money that states or gambling companies take in as part of legal sports betting. On Wednesday, New Jersey's state Senate president called on all 50 states to reject so-called "integrity fees" as part of any sports...
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May 21, 2018 - 4:34 pm
NFL commissioner Roger Goodell says Congress should enact uniform standards for any states that plan to legislate sports betting. Goodell detailed the league's position in a statement Monday that reiterated the NFL's stance that legalized sports gambling in the United States should be governed by...
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FILE - In this Monday, May 14, 2018 file photo, people make bets in the sports book area of the South Point Hotel and Casino in Las Vegas. Those who deal with compulsive gambling are worried that a rapid expansion of sports betting in the U.S. could cause more people to develop gambling problems. The U.S. Supreme Court on Monday cleared the way for states to legalize sports betting. (AP Photo/John Locher, File)
May 19, 2018 - 11:55 am
ATLANTIC CITY, N.J. (AP) — For sports leagues and gambling industries, the imminent expansion of legalized sports betting promises a bonanza. For the experts and organizations already concerned about pervasive problem gambling, it promises a whole new roster of worries. Much of the apprehension...
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In this Monday, May 14, 2018 photo, betting odds are displayed on a board in the sports book at the South Point hotel and casino in Las Vegas. Now that the U.S. Supreme Court has cleared the way for states to legalize sports betting, the race is on to see who will referee the multi-billion-dollar business expected to emerge from the decision. (AP Photo/John Locher)
May 17, 2018 - 6:52 pm
ATLANTIC CITY, N.J. (AP) — The prospect of legal sports betting throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in the billion-dollar industry. Casinos, race tracks, daily fantasy sports companies and others are itching to offer...
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FILE - In this March 18, 2015, file photo, the NCAA logo is displayed at center court as work continues at The Consol Energy Center in Pittsburgh, for the NCAA college basketball tournament. The NCAA is opening a door for states with legalized sports gambling to host NCAA championship events. The governing body for college sports on Thursday, May 17, 2018, announced a "temporary" lifting of a ban that prevented events like college basketball's NCAA Tournament from being hosted in states that accept wagers on single games. (AP Photo/Keith Srakocic, File)
May 17, 2018 - 5:03 pm
The NCAA is opening a door for states with legalized sports gambling to host NCAA championship events and officials in Nevada are already set to get in the game as soon as they can. The governing body for college sports on Thursday announced a "temporary" lifting of a ban that prevented events like...
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FILE - In this May 19, 2017, file photo, fans place bets ahead of the running of the Black-Eyed Susan horse race at Pimlico in Baltimore. Horse racing has been struggling for years to regain a strong footing on the national sports landscape, and owners hope to use betting on other sports to bring fans back to the tracks. The gamble is not a sure thing since not everyone is on board with the Supreme Court’s ruling earlier this week that allows states to offer sports betting. Track owners believe horse racing has an advantage since race tracks in many states will be among the first to allow sports gambling. Many race tracks already offer slot machines and table games _ popularly known as racinos _ in addition to betting on horses. (AP Photo/Patrick Semansky, File)
May 17, 2018 - 2:41 am
LOUISVILLE, Ky. (AP) — Horse racing has been struggling for years to regain a strong footing on the national sports landscape, and owners hope to use betting on other sports to bring fans back to the tracks. The gamble is not a sure thing since not everyone is on board with the Supreme Court's...
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In this March 15, 2018 photo, people watch coverage of the first round of the NCAA college basketball tournament at the Westgate Superbook sports book in Las Vegas. The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports. (AP Photo/John Locher)
May 16, 2018 - 1:00 pm
Oddsmaker Jimmy Vaccaro says those wanting to get into the sports betting business when it expands nationwide need to understand that bookies don't always win. Vaccaro appeared on the "PodcastOne Sports Now" podcast to talk to co-hosts Tim Dahlberg and Jim Litke about the Supreme Court decision...
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A man walks through the lobby of the Navajo Nation's Twin Arrows Casino, east of Flagstaff, Ariz., Tuesday, May 15, 2018. American Indian tribes are welcoming the opportunity to add sports betting to potentially hundreds of casinos across the country after the U.S. Supreme Court cleared the way for states to legalize it. (AP Photo/Felicia Fonseca)
May 16, 2018 - 11:07 am
FLAGSTAFF, Ariz. (AP) — American Indian tribes are welcoming an opportunity to offer sports betting in potentially hundreds of casinos across the country after the U.S. Supreme Court cleared the way for states to legalize it. Tribal casinos generate more than $31 billion a year in gross revenue...
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In this Monday, May 14, 2018 photo, people make bets in the sports book at the South Point hotel and casino in Las Vegas. Now that the U.S. Supreme Court has cleared the way for states to legalize sports betting, the race is on to see who will referee the multi-billion-dollar business expected to emerge from the decision. (AP Photo/John Locher)
May 15, 2018 - 6:08 pm
ATLANTIC CITY, N.J. (AP) — Now that the U.S. Supreme Court has cleared the way for states to legalize sports betting, the race is on to see who will referee the multibillion-dollar business of gambling on pro and college games. The NFL, NBA and others want Congress to set uniform, nationwide rules...
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