On October 30, Pennsylvania Governor Tom Wolf signed House Bill 271, a gaming expansion bill that legalizes, among other things, online sports betting in Pennsylvania. Wolf’s signature comes a week after the state legislature passed the bill, which legalizes and regulates daily … [Read more...] about Online Sports Wagering? Don’t Bet On It
The Professional and Amateur Sports Protection Act (PASPA) of 1992, also known as the Bradley Act, expressly prohibits sports betting nationwide with four exceptions: Oregon, Delaware, Montana, and, most notably, Nevada. Nevertheless, online gambling for real money remains an … [Read more...] about Nationwide Sports Gambling? Bet On It.
Former U.S. Solicitor General Ted Olson has brought New Jersey’s fight to legalize in-state sports gambling to the U.S. Supreme Court. According to the Wall Street Journal, Governor Chris Christie first attempted to legalize sports betting in New Jersey in 2012, but when the … [Read more...] about New Jersey Argues State Sovereignty for Sports Gambling
Millions of Americans tuned in to watch the Denver Broncos emerge victorious over the Carolina Panthers in Super Bowl 50 and many of those millions also placed bets on the “Big Game.” For all those who won money gambling on the game, the IRS wants its cut of your earnings. The … [Read more...] about Even Football Isn’t Immune from Uncle Sam
In a major blow to daily fantasy sports, the N.Y. Attorney General has declared placing money on daily fantasy competitions is illegal gambling in the state and sent cease-and desist letters to FanDuel and DraftKings. Over the past several months, both daily fantasy sports sites … [Read more...] about N.Y. AG declares DraftKings, FanDuel are Illegal Gambling