Which US State is the most Addicted to Gambling?

Posted by admin | Casino Affiliates | Friday 29 April 2016 3:18 pm

A recent gambling addiction study suggests that problem gamblers don’t necessarily need regulated options to get their fix. Regardless, Nevada still has the most gambling addicts of any US state.

The study was conducted by WalletHub, a company that bills itself as a, “financial fitness firm,” and looked at both availability of gambling (gambling friendliness) and the availability of resources to treat gambling addiction (gambling problem and treatment).

The gambling friendliness category ranked factors such as the number of available gambling terminals; the availability of illegal gambling; the state’s total gaming revenue; and a number of other similar factors.

The gambling problem and treatment category examined the number of gambling addicts; the number of gambling addiction programs; and the number of gambling arrests in each state.

It really shouldn’t come as much of a surprise that Nevada led the pack for problem gambling. As the first US state to offer regulated gambling Nevada has been at the forefront of every aspect of US-facing gambling since the 1930′s.

Also unsurprising was Utah’s place at the very bottom of the list. Utah is one of just two states that offer no regulated gambling of any kind. Hawaii, the other US gambling holdout, ranked quite a bit higher at number 27.

While gambling addiction isn’t a popular topic in the gambling industry, it’s one that simply can’t be avoided. This is especially true in the United States where gambling is still often considered to be a moral, rather than social or economic issue.

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Illinois Lawmakers Debate Daily Fantasy Sports Regulation

Posted by admin | Casino Affiliates | Wednesday 27 April 2016 3:14 pm

Illinois lawmakers are debating a measure that would regulate daily fantasy sports play for the state’s 12.8 million residents. The new measure (HB 4323) passed out of committee last week and is supported by the Fantasy Sports Trade Association (FSTA).

If passed, HB 4323 would allow Illinois residents 21 or older to participate in online daily fantasy sports contests, but there are a few twists.

For example, player pools would classed by experience level to avoid feeding frenzies by DFS sharks. Players would also be limited to only $ 3,000 worth of deposits in their accounts every three months.

Daily fantasy sports operators would be licensed by the State and would pay on a sliding scale based on site revenue. Taxes for operators doing more than $ 15 million in revenue would be taxed at 22 percent with proceeds being used to fund education initiatives in the state.

While these limitations are hardly ideal for the daily fantasy sports industry, most operators are on board with anything that keeps their business afloat. Stacie Stern, general manager of Head2Head Sports told the Journal-Online (a Chicago news site):

This bill establishes legal certainty for the fantasy contest providers, and those who participate in this massively popular leisure activity. More than a dozen fantasy sports related companies are based here in Illinois — they’re contest operators, statistics providers, marketing professionals and other related categories. Passing commonsense regulation will allow the fantasy sports industry to keep creating jobs in Illinois/

One group that’s definitely not on board with the new regulations is the existing Illinois gaming industry. They’ve maintained that daily fantasy sports are nothing more than legalized sports betting and should not be allowed in the Land of Lincoln.

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Illinois House Committee Approves Bill Allowing DraftKings, FanDuel

Posted by admin | Sportsbook Affiliates | Monday 25 April 2016 3:16 pm
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Our sister site DFS911.com has the latest Daily Fantasy Sports news, both pertaining to the industry and player updates.  Below are some recent headlines.

Our sister site DFS911.com has the latest Daily Fantasy Sports news, both pertaining to the industry and player updates.  Below are some recent headlines.

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Gambling911.com – Sportsbook News

Betfair Launching First US Betting Exchange May 10

Posted by admin | Casino Affiliates | Monday 25 April 2016 3:15 pm

Betfair is looking at a May 10 launch for what the company is calling, the first US betting exchange, out of Monmouth Park, New Jersey racetrack. It’s a big move for the company and has the potential to shake up the New Jersey online gambling market.

The UK-based bookmaker cracked the US online gambling firewall last when November when New Jersey gaming regulators granted them permission to open what is believed to be the first regulated US betting exchange.

Under terms of the deal, Betfair’s New Jersey-facing customers can enter into betting exchanges on races at a group of  (as-yet-be-announced) US racetracks.

The big question now, is whether or the American betting public will take to betting exchange-style sports wagering?

Betfair officials acknowledge that there’s going to be a big learning curve for bettors who are only used to point spread betting. To help beat this challenge, they’ve invested heavily in betting exchange simulators and other educational tools.

According to published reports, company officials are happy with the results of a recently beta test.

Betfair has consistently shown a deep confidence in the prospect of establishing a betting exchange foothold in the US gambling market.

Back in 2013, the company invested $ 10 million in an effort to establish a similar exchange at the Hollywood Park Race Track in California. Unfortunately, the track went out of business before the project could be launched. With the launch of their New Jersey product, Betfair could finally see a return on the product development budget from Hollywood Park.

If the Monmouth Park betting exchange takes off, Betfair could be well on its way to establishing a solid niche in the tiny – but potentially huge – regulated US sports betting market.

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How Bookies Can Increase Profits Easier & Cheaper With PremierPerHead.com

Posted by admin | Sportsbook Affiliates | Sunday 24 April 2016 3:17 pm
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How Bookies Can Increase Profits Easier & Cheaper With PremierPerHead.com

Running any business is all about increasing profits and lowering costs. The bottom line goal is a healthy bottom line.

Running any business is all about increasing profits and lowering costs. The bottom line goal is a healthy bottom line. If you are an independent sports bookmaker struggling to make ends meet, then it is a great time of the year to give Premier Per Head a call at 800.498.4709.

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Gambling911.com – Sportsbook News

New Yorkers Spent Record $10 Billion on Gambling Machines, State Lottery

Posted by admin | Sportsbook Affiliates | Saturday 23 April 2016 3:15 pm
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New Yorkers Spent Record $  10 Billion on Gambling Machines, State Lottery

Get the latest gambling business news from Gambling911.com.  Anything and everything you need to know about the sector.

Get the latest gambling business news from Gambling911.com.  Anything and everything you need to know about the sector.

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Gambling911.com – Sportsbook News

Oklahoma Indian Tribe Launching International Online Poker Site

Posted by admin | Casino Affiliates | Saturday 23 April 2016 3:15 pm

The Iowa Tribe of Oklahoma recently received the go-ahead from an Oklahoma judge to launch an online poker site called PokerTribe.com. The tribe’s victory comes after months of legal wrangling and represents a major step forward for US tribal gaming interests.

At the center of the legal battle was whether hosting an online poker site represented a violation of the state’s gambling compact with the Iowa of Oklahoma.

The issue, which was never hotly contested by the State, was turned over to an arbitrator late year. After extensive research, the arbitrator determined that the tribe could legally host the site, provided the servers remain on tribal lands, and that the tribe only serve international customers.

Once the arbitrator’s ruling was handed down, the Iowa took the ruling to U.S. District Judge David L. Russell, who confirmed it with relatively little in the way of commentary.

That clears the way for what looks to be the first online poker site hosted by an American Indian tribe, a fact the Iowa of Oklahoma Chairman Booby Walkup proudly touted on the tribe’s website saying:

We would rather be the first in the Nation than to allow another state and/or enterprise to beat us to the punch even though we know for a fact this concept can only be launched by a sovereign nation.

While the Tribe has plenty of experience in the land-based casino space, they already run three casinos in Oklahoma, they’ll be contracting their online operations to Universal Entertainment Group.

So far there’s been no word on when PokerTribe.com will actually launch.

The post Oklahoma Indian Tribe Launching International Online Poker Site appeared first on .

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Fantasy Hub Founder on Closure: Investors Started Fleeing

Posted by admin | Sportsbook Affiliates | Friday 22 April 2016 3:16 pm
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Fantasy Hub Founder on Closure: Investors Started Fleeing

Fantasy Hub founder Steven Plappert finally broke his silence regarding the abrupt closure of his Louisville startup Daily Fantasy Sports company.

Fantasy Hub founder Steven Plappert finally broke his silence regarding the abrupt closure of his Louisville startup Daily Fantasy Sports company.

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Gambling911.com – Sportsbook News

America’s Bookie- Earn up to $500 when you Refer-a-Friend

Posted by admin | Sportsbook Affiliates | Thursday 21 April 2016 3:18 pm
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America's Bookie- Earn up to $  500 when you Refer-a-Friend

The popularity of betting on sports continues to grow with each and every passing year in what has become a billion dollar business in just the United State and Canada.

The popularity of betting on sports continues to grow with each and every passing year in what has become a billion dollar business in just the United State and Canada. Along with this growth has been a proliferation of online sportsbooks, but as a player it is important to remember that all of these various betting venues are not created equal.

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Gambling911.com – Sportsbook News

Connecticut AG Says ‘Not So Fast’ to Daily Fantasy Sports

Posted by admin | Casino Affiliates | Thursday 21 April 2016 3:18 pm

The Connecticut Attorney General is pouring cold water on a new plan to tax daily fantasy sports sites that operate in the state. He’s worried that proceeding with the plan could jeopardize the state’s current gambling compacts with tribal gaming interests.

At issue is a proposal being considered by the Connecticut State Senate to tax daily fantasy sports entries at 8.75%. The Senate recently asked Attorney General George Jepsen for a formal legal opinion on the plan – the answer he gave them was probably not the one they were expecting.

In Jepsen’s view, the proposed tax on (and tacit approval of) daily fantasy sports would be a violation of the state’s current agreement with the Indian tribes that operate the massive Foxwoods Resorts and Mohegan Sun Casinos.

Those two tribes, according to a report on CTMirror.com, were granted a quasi-monopoly with regards to Connecticut gambling. That compact they signed with the state says the two tribes have an exclusive right to, “commercial casino games,” in the state.

Currently there’s no clear consensus on whether or not daily fantasy sports counts as gambling or not, and that’s a very troubling issue for a Jepsen. He’s worried that if the state violates its agreement with tribal gaming interests by collecting taxes on daily fantasy sports, they won’t be able to continue collecting taxes from the tribes.

Though the Connecticut tribes are hardly the juggernauts they once were, they still contribute mightily to Connecticut state coffers. Last year tribal gaming paid out more than $ 200 million in taxes on their games.

Given the likelihood that daily fantasy sports could ever produce that kind of revenue, it’s unlikely that the Senate will proceed with their plan.

The post Connecticut AG Says ‘Not So Fast’ to Daily Fantasy Sports appeared first on .

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