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Category Archives: Sports Betting
38 states rake in millions in sports betting while Oklahoma still waits for legalization – KOKI FOX 23 TULSA
Posted: March 29, 2024 at 2:48 am
TULSA, Okla.Thirty-eight states and Washington D.C. are raking in millions of dollars this month from legalized sports betting combined with heavy action linked to March Madness, but in Oklahoma, the bill to legalize sports wagering remains stalled at the State Capitol.
Last spring, the Oklahoma House of Representatives passed a bill to legalize sports betting in Oklahoma. The bill is still alive in the State Senate, but it has yet to receive a hearing.
"We cannot act on sports betting until the state legislature legalizes it first. We cannot do this on our own like people see it across the country. It's got to be part of the compact," Cherokee Nation Chief Chuck Hoskin Jr. told FOX23.
Hoskin said the Cherokee Nation, which operates multiple casinos on its tribal lands in eastern Oklahoma including the Hard Rock Hotel and Casino in Catoosa, wants to set up and is ready to have sports wagering on its properties.
In the nearby Muscogee (Creek) Nation, who also operates multiple casinos including the River Spirit Casino in south Tulsa, work is underway to convert an old buffet area into the largest sports viewing venue and bar in the state. FOX23 was told when we asked about it earlier this year, the space could easily be converted into a sports book and sports wagering center should state lawmakers legalize sports betting in Oklahoma in the future.
The U.S. Supreme Court ruled in 2018 in a 7-2 vote that the federal government's prohibition on sports wagering except in four states was unconstitutional when the federal government stepped in to an issue reserved for the states under the 10th Amendment. Since then, 38 states and Washington D.C. have all legalized sports betting.
The most recent state to legalize sports betting is North Carolina. Sports wagering operations across the state began this month, and they were bolstered by bets being placed on the NCAA March Madness tournament.
The North Carolina Lottery Commission reported just under $200 Million was wagered in just the first week of legalized sports betting, which coincided with the start of March Madness. A chunk of the money that is won can be taxable revenue, and the state expects a few million dollars in new money for public services just from March Madness wagering alone.
Sports betting in Oklahoma has slowly been catching on at the State Capitol in Oklahoma City. In 2022, the Oklahoma House did not pass a sports wagering legalization bill. Then in 2023, it did. Now in 2024, that bill passed out of the House in 2023 is still pending in the State Senate. According to State Senator Bill Coleman's Office (R-Ponca City) it's not clear if that bill will get a committee hearing that if approved, would bring it to the floor of the State Senate for one final vote before it goes to the governor.
Both House and Senate lawmakers have openly said they want there to be fruitful and positive discussions about the future of sports betting in Oklahoma between Governor Kevin Stitt and the tribes who hold the rights to administer such a program on their lands. Right now, the Oklahoma Tribal Gaming Compact does not allow for legalized sports wagering despite allowing many other forms of gambling.
"It should come to this state, and we have exclusivity," Hoskin told FOX23 News. "The tribes are interested in this. The Cherokee Nation is interest in this. I won't say it makes or breaks our gaming operations, but if it is legalized in the state, it will be in the wheelhouse of all the tribes, and we will be, as we always are, at the top of the market."
Stitt also wants to bring sports wagering into the state. He's told FOX23 many times he sees it as an alternative way to bring in money for education and also to fund economic development packages that could lure in large companies looking to leave higher-tax states.
"As long as it is transparent and fair, I'm all for rolling that out," Stitt has told FOX23 multiple times in the last year and a half.
Last November, Stitt released a plan on how he would like to see legalized sports betting. That plan calls for lower taxes for in-person bets made in a brick and mortar casino, and it would tax at a slightly higher amount bets made on mobile apps where people can wager without ever having to step foot in a casino. Stitt said by taxing in-person bets differently than ones made in mobile apps, it would protect and slightly incentivize traditional casino operations.
However, despite releasing a plan, both sides say they cannot move on the subject until sports wagering is legalized in Oklahoma. But lawmakers insist there must be a framework in place between the governor and the tribes before they act. Those talks are somewhat complicated after years of fighting between the governor and the tribes on a variety of compacts the state has with tribes on everything from tobacco sales, tribal license plates, to even hunting and fishing.
"My colleagues saw the advantage, the economic advantage to this, the restoration of tribal-legislative relations," said State Representative Ken Luttrell (R-Ponca City) after the bill was put on hold in the middle of the 2023 legislative session.
Luttrell and Coleman, both from Ponca City, have been the primary authors of the bills attempting to legalize sports wagering in Oklahoma, and FOX23 is told if it fails this session, they will re-file a new bill next session and try again.
Currently, if an Oklahoman wants to wager on a game, they must travel to Kansas, download an app from an approved partner, and as long as their phone pings off of a Kansas tower they can place and collect their bets. The State of Kansas said money raised by Oklahomans travelling to their state to wager on sports would be re-invested into Kansas education and economic development programs.
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Sports Betting Scandals Are Piling Up. What It Means for Gambling Stocks. – Barron’s
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Sports Betting Scandals Are Piling Up. What It Means for Gambling Stocks. Barron's
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Sports betting: How gambling can impact the integrity of the game – WRAL News
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Sports betting: How gambling can impact the integrity of the game WRAL News
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A new coalition wants to address the risks of youth sports betting in Massachusetts – Boston Herald
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A new coalition wants to address the risks of youth sports betting in Massachusetts Boston Herald
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A new coalition wants to address the risks of youth sports betting in Massachusetts - Boston Herald
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Sports betting won’t be legal in Georgia after lawmakers couldn’t agree on how to spend taxes – goskagit.com
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A Better East Texas: Professional sports betting scandals – KLTV
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NCAA set to push states with legalized sports betting to ban prop bets for all college sporting events – Yahoo Sports
Posted: at 2:48 am
The NCAA is pushing states to ban prop bets involving college players.
NCAA president Charlie Baker issued a statement Wednesday asking all states that have legalized sports gambling to pass laws prohibiting the availability of individual prop bets for college athletic events. Bakers statement comes as the NBA is in the midst of an investigation into prop betting activity earlier this year.
Sports betting issues are on the rise across the country with prop bets continuing to threaten the integrity of competition and leading to student-athletes and professional athletes getting harassed, Baker said in a statement. The NCAA has been working with states to deal with these threats and many are responding by banning college prop bets.
This week we will be contacting officials across the country in states that still allow these bets and ask them to join Ohio, Vermont, Maryland and many others and remove college prop bets from all betting markets. The NCAA is drawing the line on sports betting to protect student-athletes and to protect the integrity of the game issues across the country these last several days show there is more work to be done.
With sports betting on the rise, the NCAA is acting to protect student-athletes from harassment and working to protect the integrity of the game this week shows why its so important to act. pic.twitter.com/krATwpS4hZ
NCAA News (@NCAA_PR) March 27, 2024
The NBA confirmed Monday that it was looking into betting irregularities involving prop bets for Toronto Raptors forward Jontay Porter. According to ESPN, two games are being investigated. Ahead of both of those games, unders on specific prop bets for Porter were bet heavily. He left each of those games early due to injury or illness and the unders cashed.
The NCAAs stance against prop betting comes as it navigates a world where sports betting is legal in many states. The NCAA has staunchly been against betting for decades as the NCAA tournaments betting-friendly model is a major reason why March Madness has become so popular. You dont have to be a college basketball fan to fill out a bracket and enter a bracket pool in the hope of winning prizes or money.
According to the Action Network, only four states Kansas, Louisiana, Michigan and Wyoming along with Washington D.C., have no restrictions on college prop bets. The other 18 states either limit the type of prop bets you can make (in New Jersey you cant bet props for New Jersey teams) or have banned prop bets on college games altogether.
In the states where prop bets are fully legal, you can bet on many aspects of the game. At BetMGM in Kansas, you can bet on who will score the first basket of the game in any of the eight Sweet 16 games as well as a players assist or 3-point totals. For example, Clemsons P.J. Hall is the favorite at +333 to score the first field goal in the first Sweet 16 game Thursday night against Arizona.
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Sports betting addiction on the rise – Toledo – WTVG
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Sports betting addiction on the rise - Toledo WTVG
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Sports betting bill will help MN veterans, charities – ECM Publishers
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Sports betting won’t be legal in Georgia after lawmakers couldn’t agree on how to spend taxes – Bowling Green Daily News
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