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Here’s What Happened at the House Judiciary Hearing on Sports Betting

Posted on 27 September 2018 | by Brett Smiley

A House Judiciary subcommittee hearing titled “Post-PASPA: An Examination of Sports Betting in America” proceeded on Thursday under the shadow of a more high-profile hearing in the Senate.

Little new ground was covered during the one-and-a-half hour session that largely afforded the five witnesses an opportunity to reiterate their main positions underscored in the written statements submitted prior to the session.

Chairman of the House Judiciary Committee’s Subcommittee on Crime, Terrorism, Homeland Security and Investigations, Jim Sensenbrenner (R-WI), began by noting “This is just the beginning of the conversation,” and concluded by opining that “for Congress to do nothing” on the matter would be the worst possible outcome. What follows is a synopsis of highlights and lowlights.

Nevada Representative Dina Titus to Congress: No Need to Reinvent Wheel on Sports Betting

Posted on 26 September 2018 | by Brett Smiley

The post Nevada Representative Dina Titus to Congress: No Need to Reinvent Wheel on Sports Betting appeared first on SportsHandle.

Nevada Representative Dina Titus (NV-1) has been on record many times reiterating her distaste for a federal framework for sports betting. After all, the state of Nevada has had legal casino-style gaming, including sports betting, since 1949. With nearly 70 years of experience under its belt, Nevada doesn’t need any (or want) any input from, well, novices. As the old saying goes, if ain’t broke, don’t fix it.

“I don’t think it’s a very good idea, it’s reinventing the wheel,” Titus told Sports Handle on Tuesday. “Nevada has been doing this for a long time and we do it very well. You’re going to have to start from whole cloth if you start from the federal level. The more states that move into this, and there are five already, the less appetite there would be for a federal framework.”

But with just about a month remaining in the current Congressional session, mid-term elections looming in November, and much bigger fish to fry — the Kavanaugh hearings, balancing the budget, settling the latest version of the farm bill — Congress is again dipping its toes into the world of sports betting.

Get a Grip: The Week in Sports Betting And Sports: FanDuel Fiasco Wrap, Congress Coming

Posted on 21 September 2018 | by Brett Smiley

The post Get a Grip: The Week in Sports Betting And Sports: FanDuel Fiasco Wrap, Congress Coming appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

Takeaways on FanDuel Sportsbook Fiasco; Sports Betting Hearing on Capitol Hill Set for Next Week, Destination and Objectives Largely Unknown

A lot has happened this week, which has become the norm, and probably will remain so until the end of time. The top headline this week concerned the ticketing “glitch” at the FanDuel Sportsbook at Meadowlands Racetrack in New Jersey. It became a full-fledged national mainstream media story.

If you’re here, you know the facts by now, but let’s quickly recap: A man named Anthony Prince placed a bet over the counter at +75000 odds on the Broncos to defeat the Raiders at a time when the actual odds posted should have been -600. He wagered $110 to win about $82,000. The Broncos won the game. FanDuel said they would not pay Prince the money, calling the odds a technical error (with some human error, too). They initially offered him $500 and Giants tickets (value descending) instead of the $18 he’d have won at -600. Prince lawyered up.

The New Jersey Division of Gaming Enforcement began an investigation and although FanDuel may have been able to avoid paying the man (there were others who took advantage of the erroneous line that lived for 18 seconds) under regulations and house rules, the DGE may have pressured FanDuel to resolve the dispute by just paying Prince — to avoid a bad look so early into the growth process of New Jersey’s new sports betting market. On Thursday FanDuel reversed course and will pay that man his money, ultimately, a public relations move that may benefit the company overall.

Congressional Hearing on Sports Betting Slated For Sept. 27

Posted on 20 September 2018 | by Brett Smiley

The post Congressional Hearing on Sports Betting Slated For Sept. 27 appeared first on SportsHandle.

The Congressional hearing on sports betting, which was postponed in late June, is back on the docket.

Staff for the House Judiciary Committee on Thursday confirmed that the hearing “Post-PASPA: An Examination of Sports Betting in America” is slated for 10 a.m. ET on Sept. 27 before the U.S. House of Representatives House Judiciary Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. News of the hearing was first reported by ESPN’s David Purdum.

A full list of parties testifying is not immediately available. The American Gaming Association confirmed that Sara Slane Senior Vice President of Public Affairs, will be testifying on behalf of the gaming industry. “Legal, regulated sports betting will enable increased transparency and enhance protections for consumers and betting and game integrity,” Slane said. “We look forward to discussing the U.S. gaming industry’s core principles for legalized sports betting with the Judiciary Committee at next week’s hearing.”

Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More

Posted on 14 September 2018 | by Brett Smiley

The post Get a Grip: The Week In Sports Betting & Sports: NJ Sports Betting Handle, Congress Coming & Much More appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

NJ Sports Betting Revenue Exceeds (Some) Expectations And Will Rise Much Higher; Feds May Get Involved In Sports Betting, But How; Much More

A lot to get here. Off the top rope: The NJ sports betting August revenue report came in on Wednesday and the results indicated what we expected: the Garden State market is going to get large.

In a month in which four physical sportsbooks operated throughout and four more for a portion of the month; with the DraftKings Sportsbook operating digitally for most of the month and two more digital launches in the final week, the total handle reached $95.6 million and total sportsbook gross revenue was $9.18 million. The books online — the vast majority by DK — generated $2.97 million on a $21.7 million handle. In retail, the FanDuel Sportsbook at the Meadowlands Racetrack led the way with over $3 million in revenue while no other property cracked $1 million.

Need for Federal Sports Betting Law Just a Vanity Project for Hatch

Posted on 28 August 2018 | by Jill Dorson

The post Need for Federal Sports Betting Law Just a Vanity Project for Hatch appeared first on SportsHandle.

Why is one of the architects of the Professional and Amateur Sports Protection Act taking point on sports betting in Congress? After all, PASPA was deemed unconstitutional just three months ago, and it seems highly unlikely that Congress will get a second shot at prohibiting sports betting.

The simple answer is that the upcoming mid-term elections have created something of a void. Senators and representatives don’t want any part of controversial legislation when their names are on the ballot. But Orrin Hatch, the conservative Utah senator who helped author PASPA, isn’t on the ballot. He’s retiring. And as his swan song, he clearly wants another federal mandate on sports betting.

Just days after the Supreme Court overturned PASPA in May, Hatch promised new legislation to help protect the integrity of the game. Yet in the ensuing months, as six states have legalized sports betting and three (Delaware, New Jersey and Mississippi) already have sportsbooks up and running, there has been no new bill.

Conservative Senator Opposes Sports Betting, But Delaware, New Jersey and Mississippi Are Already Accepting Sports Bets.

It seemed odd that last week, in the middle of a Senate session that had nothing to do with sports betting, that Hatch made his plea and again promised legislation that would “kick-start” the federal discussion on sports betting. Let’s be real here – Hatch is opposed to sports betting and he wants his legacy to be a last-minute law banning it again.

It’s highly unlikely that Hatch will get what he wants. There is little time left on the Congressional calendar before his term expires in January. In fact, without breaking down every little detail, there are only 35 legislative days between Labor Day weekend and the mid-term elections on Nov. 6. And while I don’t know much about how quickly Congress moves, that hardly seems like ample time before a series of lame-duck sessions after the elections. Or maybe it’s the lame-duck sessions Hatch is counting on?

To read the rest of this article, visit SportsHandle using the link below:

https://sportshandle.com/need-for-federal-sports-betting-law-just-a-vanity-project-for-hatch/