Updated KY Sports Betting Bill: 25 Percent Tax, Creation of Kentucky Gaming Commission, No Integrity Fee

Kentucky Senator Julian Carroll (D-District 7) refiled an updated version of his sports betting bill on Friday. The bill, which would create the independent Kentucky Gaming Commission, calls for a 25 percent tax on net sports betting revenue as well as allowing the Kentucky Lottery Association and existing horse racing associations to be granted licenses. Any other interested venues may also apply.

The tax rate applies to commercial sportsbooks and vendors, but not the Lottery Association’s license. And the bill would give all the regulatory power, including, it appears, determining what types of events could be bet on and whether mobile/online wagering is permitted, to the new Kentucky Gaming Commission. Unsurprisingly, there is no mention of any sort of fee or royalty benefiting professional sports leagues.

Kentucky lawmakers and stakeholders have had a busy few months studying sports betting, and it’s likely the state will be among the first to seriously consider legalizing sports betting in 2019. Carroll’s bill is likely just one of several that will be filed and considered when the state legislature goes back into session. Carroll, a former Kentucky governor, is a member of the state’s “working group” on sports betting.

 
 

Read more Updated KY Sports Betting Bill: 25 Percent Tax, Creation of Kentucky Gaming Commission, No Integrity Fee  on SportsHandle.

Daily Fantasy Sports Coming to (Most Of) Louisiana After Voters Approve Ballot Measure

Daily Fantasy Sports (DFS) are coming to the Bayou State after residents in most of the state’s 64 parishes voted in favor of a ballot initiative to allow residents of those parishes to play in online DFS contests.

According to the Times-Picayune, 47 of Louisiana’s 64 parishes voted in favor of legalizing online DFS contests, with most of those against it located in north Louisiana, while most parishes in the Baton Rouge, New Orleans and Lafayette areas voted in favor. DFS will be available only to those within the parishes that voted in favor — not statewide.

Because the Louisiana state constitution prohibits gambling, the legislation sponsored by state representative Kirk Talbot’s (R-River Ridge), which triggered the ballot initiative read, “participation in any fantasy sports contest … shall not be considered gambling.”  

 

Read more Daily Fantasy Sports Coming to (Most Of) Louisiana After Voters Approve Ballot Measure on SportsHandle.

Arkansas Legalizes Sports Betting Via Ballot Referendum, First Casino Licenses Issued

Arkansas voters on Tuesday legalized sports betting on the only mid-term election ballot initiative in the country dealing with sports betting. Issue 4, a ballot measure that amends the state constitution to allow sports betting, has passed.

As of 7 a.m. Wednesday, with 99 percent of votes counted, 54.1 percent of over 860,000 voters had checked “yes” and 45.9 percent “no” to authorizing casinos in four counties that may include sports wagering among their offerings to patrons.

Arkansas became the second state in its region to legalize sports betting after Mississippi did so last summer. None of its other border states offer legal sports betting, though Oklahoma, Missouri and Louisiana all have commercial or tribal casinos. Arkansas is the seventh state outside of Nevada to legalize sports betting behind Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania and Rhode Island.

 
 

Read more Arkansas Legalizes Sports Betting Via Ballot Referendum, First Casino Licenses Issued on SportsHandle.

Arkansas, Louisiana Voters to Decide on Legal Sports Betting, DFS

Voters in six states will decide issues related to gaming during the mid-term elections on Tuesday, but only two will consider measures directly related to sports betting and daily fantasy sports. Arkansans will have the opportunity to issue casino licenses to four casinos across the state, and those casinos could then offer gaming, including sports betting.

In Louisiana, voters will decide whether or not to legalize daily fantasy sports games, but the Louisiana state constitution requires that this decision be made on a parish-by-parish basis. In the end, some Louisiana parishes could vote to make daily fantasy games legal while others could vote against it.

If approved, Arkansas’ Issue 4 would authorize casinos in Crittenden, Garland, Pope, and Jefferson counties. Two of the licenses would automatically be granted to Southland Racing Corporation and Oaklawn Jockey Club. For the other two licenses, applicants in Pope and Jefferson counties would have to apply and prove their experience in casino gaming.

 
 

The Week in Sports Betting: PA Sports Betting Nears Launch; NHL Jumps Into Fray; More and More Deals

After a brief hiatus, ‘Get a Grip’ makes a triumphant return. 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.

 


Never a slow week these days as we count a half-dozen new deals this week bringing the pro sports leagues together with gaming and hospitality groups, and directly with sportsbook operators, unlike ever before. Times they are a changin’.

But first: More movement in Pennsylvania, where this Wednesday the state gaming control board granted three more sports wagering certificates. This trio joins fellow licensees Hollywood Casino and Parx Casino (and its South Philadelphia Turf Club). Some details about their immediate sportsbook plans:

– Harrah’s Philadelphia — Affiliated with Caesars Entertainment. The company is planning a renovation of an existing 4,322-square foot food and beverage area, which will include 40 flat-screen televisions, multiple odds boards, six teller windows, self-betting kiosks, two horse-racing terminals, and stadium-style seating.

– Rivers Casino in Pittsburgh — Aiming for a Dec. 1 launch of its retail sportsbook and early ‘19 for mobile-web platforms. Plans are to move the sportsbook to a permanent location in the center of the gaming floor, in the spring of 2019.

– SugarHouse Casino in the Philadelphia area — Has plans for a 1,800-square foot temporary sportsbook that will feature club chairs and table seating for 70 people, in addition to a 14-foot by 7-foot video wall. A dozen flat-screen televisions will be spread around the sportsbook and food and beverage service will be available.

 

Read more The Week in Sports Betting: PA Sports Betting Nears Launch; NHL Jumps Into Fray; More and More Deals on SportsHandle.

Harrah’s, Rivers and Sugarhouse Casinos Approved for PA Sports Wagering Certificates

The Pennsylvania Gaming Control Board approved applications for three more sports betting certificates at its Wednesday morning meeting, bringing the total number of casinos licensed for PA sports betting to five. Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino) all got board approval. Rivers and Sugarhouse are both owned by Rush Street Gaming.

Wednesday’s meeting went smoothly with all three applicants making detailed presentations. The petitions were approved immediately after the final presentation. Each company reviewed its gaming history, both in Pennsylvania and in other states, shared plans for what their temporary and permanent sportsbooks will look like and briefly touched on the desire to roll out internet and mobile gaming sooner than later. The focus on Wednesday, however, was the brick-and-mortar locations.

Pennsylvania initially made 13 sports betting certificates available — one for each licensed casino — and with Wednesday’s approvals, five have been claimed and approved.

 

Read more Harrah’s, Rivers and Sugarhouse Casinos Approved for PA Sports Wagering Certificates on SportsHandle.

PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday

The Pennsylvania Gaming Control Board will hear and vote on petitions for three sports wagering certificates at its regularly scheduled meeting on Wednesday. Should all three petitions be approved, the number of properties licensed to operate sportsbooks in Pennsylvania will increase to five.

At its Oct. 3 meeting, the board approved sports betting licenses for Mountainview Thoroughbred Racing, LLC, operator of the Hollywood Casino at Penn National Race Track, and Greenwood Gaming, operator of the Parx Casino and South Philadelphia Turf Club.

On Wednesday, it will consider applications from Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino). Pennsylvania has 13 sports betting certificates available — one for each licensed casino in the state — and to date, five have been claimed or applied for and eight remain. The application fee is $10 million and gross sports betting revenue is subject to a 36 percent tax (34 percent state, 2 percent local).

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Read more PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday on SportsHandle.

Minnesota Lawmaker Cautiously Optimistic About Sports Betting Legalization

Sports wagering for Minnesotans should be on the way, but won’t happen unless local residents get behind the effort to make it happen, according to State Rep. Pat Garafolo (R), the seven-term legislator and avid sports bettor who’s currently leading efforts to get a bill before the state legislature when it reconvenes in January.

However, as he told the locally based Great Time Podcast with John Kriesel, just because something is popular doesn’t mean it’s going to happen. Garafolo said he’s optimistic that the various gaming interests in the state, tribal gaming, charitable gaming and others will reach common ground on the issue.

“We need flexible legislation that works for everyone,” said Garafolo, who represents District 58B, which includes portions southeastern Twin Cities metropolitan area in Dakota and Goodhue counties. “We have to have a low-tax, low-fee environment. We just can’t go in and tax the snot out of this industry. The illegal sports betting market is very robust, so we have to have the right kind of regulations to compete with that.”umber of sub-issues (including betting on local college teams) that needs to be resolved with gambling stakeholders in the state.

Read more Minnesota Lawmaker Cautiously Optimistic About Sports Betting Legalization on SportsHandle.

So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out?

The post So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out? appeared first on SportsHandle.

As you may be aware by now, bookmaker William Hill US (WH) filed a lawsuit this week against FanDuel in New Jersey District Court, alleging copyright infringement, specifically for copying the company’s “How to Bet Guide” for its own guide in print and online.

The examples WH gives in its complaint, if true, are pretty damning.

“We are not litigious people but this is ridiculous,” William Hill CEO Joe Asher said in a statement to ESPN. “If the court finds in our favor, a portion of the proceeds will fund scholarships for creative writing programs at New Jersey universities.”

Through conversations with experienced litigators and attorneys with intellectual property experience, below we attempt to answer:

  1. How exactly does the court determine what kind of damages William Hill may have suffered?;
  2. How much money might this cost FanDuel?;
  3. What other motivations William Hill might be have here

Said a FanDuel spokesperson: “As a policy, we don’t comment on pending litigation

 

Read more So How Does This William Hill-FanDuel Copyright Infringement Lawsuit Play Out? on SportsHandle.

DraftKings, FanDuel Victory In Indiana Supreme Court Has Sports Betting Implications

The Indiana Supreme Court on Wednesday issued a decision in favor of DraftKings and FanDuel in a case brought by three former collegiate football players, who argued that the daily fantasy sports operators violated the players’ “right of publicity” under Indiana law.

Indiana’s highest court found that the DFS operators (and now sportsbook operators in some states) committed no such violation, because their use of player data, statistics and names falls within an exception to the rule, because that information falls within the meaning of “material that has newsworthy value,” the court writes. It made no difference that DraftKings and FanDuel were using the stats and information commercially — in contests requiring entry fees and awarding cash prizes. 

The court made it clear they were answering only a limited question based on the set of facts presented. That said, the net effect of this ruling, which leaned on precedent from the Eighth Circuit Court of Appeals, may streak into the national conversation about data within the context of legal sports wagering.

 

Read more DraftKings, FanDuel Victory In Indiana Supreme Court Has Sports Betting Implications  on SportsHandle.