Sports betting regulation – Page 9

May 12, 2023

Brazil on the brink of sports betting regulation

Brazil’s government has launched a provisional measure for sports betting, in a move that marks the end of a 20-year wait period for the country.

The provisional measure (PM) was adopted by Brazil’s president, Luiz Inácio Lula da Silva and signed by the ministries of finance, planning, management, health, tourism and sports.

Once signed by President Lula, the PM will be published by Brazil’s government and will be enacted for an initial maximum period of 60 days, before it can be extended for another 60 days.

What are the measures?

A 16% tax on gross gaming revenue (GGR) will be payable by licensed operators. Percentages of this will be distributed to public health initiatives and anti-match-fixing initiatives.

In total, 2.5% will be given to the National Fund for Public Security. Elsewhere, 1.6% will go to sports clubs and 10% to social security. The ministry of sports will receive 1% and education initiatives 0.8%.

Players will be subject to 30% income tax on winnings, which wi..

May 12, 2023

Texas House clears online sports betting amendment bill

The Texas House of Representatives has voted through a constitutional amendment bill that would allow voters in the US state to legalise online sports betting.

HJR 102 cleared the House by a vote of 101-42 yesterday (11 May) and will now progress forward to the state’s senate for further debate.

Should it pass into law, the constitutional amendment itself would not legalise wagering, but would permit a state-wide vote to be held on the issue. This would take place at an election on 7 November this year.

Read the full story on iGB North America

May 10, 2023

Episode 16: Hugo Baungartner talks Brazilian gaming regulation

Brandt Iden and Brendan Bussmann step outside the US to discuss ongoing sports betting developments in Brazil, plus the all-important go-live date for the market.

The development of sports betting in Brazil has been happening over the last 20 years, with people waiting eagerly for just as long, says Hugo Baungartner, the special guest this week on World Series of Politics.

A law that could legalise sports betting in Brazil is said to be imminent

“It’s the giant,” he says. “Everyone is talking about it. Everybody wants to come to Brazil.”

He notes that law has been in place to allow sports betting in Brazil since 2018, but that there has been no regulation yet, and nothing was made official by then-president Jair Bolsonaro.

But this regulation is imminent, Hugo insists, with ministers working for Brazil’s newest president Luiz Inácio Lula da Silva preparing a law that could be signed in the coming days.

What can Brazil expect?

Hugo says Brazil’s government will impose a 15% tax ..

May 9, 2023

85% of Americans support end of federal sports betting ban

New research commissioned by the American Gaming Association (AGA) has found that 85% of American adults agree that the Supreme Court was right to strike down the federal sports betting ban in 2018.

Nearly five years to the day when the US Supreme Court decided to overturn the Professional and Amateur Sports Protection Act (PASPA), a majority of Americans believe that justices were correct in their decision, according to the AGA.

The ruling – which paved the way for the state-by-state legalisation of sports betting – is more popular than it was in the past. A huge 85% of those polled believed it to be the correct course of action, compared to 63% in 2019. Meanwhile, 77% of US consumers also support legalisation in their state of residence.

aga president and ceo bill miller

“American adults have always enjoyed betting on sports, and overwhelmingly value the ability to bring their action into a legal market, close to home,” said AGA president and CEO Bill Miller.

“The rapid spread ..

April 14, 2023

Episode 15: A win in Kentucky, plus Texas, North Carolina and more

Last week the World Series of Politics asked where all the regulatory wins were in the 2023 legislative session, and, around a day after it went live, Kentucky sports betting was signed into law.

As Brendan Bussmann says, gaming tends to be the last issue for lawmakers to consider in the session and this year is no different. Earlier in the session Kentucky looked like a “sleeper state”, Brandt Iden says, making it a great win for the session.

Kentucky sports betting’s passage was “a classic case of bipartisanship”, he adds, with the governor, Republicans and Democrats coming together to make it happen.

Missouri and North Carolina sports betting set for photo finish?

Next up is North Carolina, a state with tribal sports betting already live, where a bill to expand the market is working its way through the legislature.

Brendan is increasingly bullish on the Tar Heel State. He says attitudes on gaming are changing as more southern states look at legislation, with more efforts to..

April 14, 2023

Not such a special one: The Premier League shirt “ban”

Following news of the Premier League gambling sponsorship ban, Jon Bruford queries whether this is at best belated and at worst ineffective.

In an unsurprising move, the English Premier League has collectively agreed to remove gambling sponsorship from the front of clubs’ match day shirts.

For those not interested in sports, this is football (soccer) and the Premier League is one of the most watched professional leagues of any sport, anywhere in the world.

This will certainly be met with smiles by most of the industry’s critics but, let’s face it, this is a largely pointless move made by the league so they don’t lose all the revenue from gambling. It’s placatory at best, pointless at worst. Why?

That’s a great question and one I’m glad you asked. But where do we begin?

The gambling industry – and its critics – has recognised that advertising around sport is potentially a problem for quite a while. Even those industry guardians the Betting and Gaming Council (BGC) have stood astr..

April 3, 2023

Kentucky governor signs sports betting bill into law

Kentucky’s Democrat governor, Andy Beshear, has signed into law a bill that will legalise sports betting in the Bluegrass State.

House Bill 551 will make nine racetracks eligible to offer on-site retail sports betting, while each track will also be able to partner with up to three online operators, meaning up to 27 licences may be issued by the Kentucky Horse Racing Commission (KHRC).

The bill also establishes a two-tier system to taxation, with online operators to be taxed at 14.25% of gross gambling revenue, compared to the 9.75% imposed on the retail offerings.

Read the full story on iGB North America

March 22, 2023

Oklahoma tribal sports betting bill clears House

The Oklahoma House of Representatives has voted through a bill that would allow tribes in the US state to add legal sports betting to their existing gaming compacts.

House Bill 1027 passed yesterday (21 March) by a vote of 66-26 and will now move forward to the Senate for a further committee progress, where it could face additional amendments.

The final version of the bill would need approval from both the House and Senate before it could be passed to the governor for final sign-off.

Read the full story on iGB North America

March 21, 2023

Missouri House votes to approve sports betting bill

The Missouri House of Representatives has voted to approve a bill that would legalise sports betting in the US state.

While the vote is a step forward in the authorisation of sports betting in the Show-Me State, a formal roll call vote is required in the House before the bill is sent to the state Senate for final confirmation.

House Bill 556, which would allow for retail and online sports wagering in Missouri, is being co-sponsored by Republicans Dave Hinman and Adam Schwadron, as well as Democrats Keri Ingle and Ashley Bland Manlove.

The bill was introduced to the House at the start of the year and approved last night (20 March). Following a formal roll call, which is expected to take place later this week, the bill will then progress to the Senate for further discussion.

Read the full story on iGB North America

March 14, 2023

World Series of Politics Episode 13: Governor Rick Perry on Texas sports betting

Former secretary of the environment and Texas’ longest-serving governor, Rick Perry, joins Brandt Iden and Brendan Bussmann on the World Series of Politics.

Governor Perry believes legislation from Senator Lois Kolkhorst and Representative Jeff Leach, that paves the way for a public vote on sports betting regulation, is the best way to bring legal wagering to the Lone Star State.

Listen to the World Series of Politics on Apple Podcasts

About Rick Perry:

Rick Perry is a former United States secretary of energy, serving under US president Donald Trump from March 2017 to December 2019.

Governor Perry is a strong advocate for legal sports betting in texas

As the fourteenth secretary of energy, Perry led an agency tasked with overseeing the United States’ energy supply, nuclear defense capacity, and the 17 national laboratories, home to many of the country’s best scientists.

Prior to joining the administration as secretary of energy, Perry served as the 47th governor of Texas. As gov..

March 13, 2023

Rick Perry: Texas voters will back sports betting

Political heavyweight Rick Perry believes a proposal to regulate mobile sports betting in Texas will pass “overwhelmingly” if it is put to voters.

Speaking on the World Series of Politics podcast, Governor Rick Perry said the proposal filed by Senator Lois Kolkhorst represented the best way to legalise betting in the Lone Star State.

Legal sports betting in Texas will also generate significant new revenue, he continued. The full podcast can be heard below.

It could net half a billion dollars according to recent estimates, the longest-serving governor in the state’s history said. This could pave the way for lowering other taxes, and generate more for infrastructure spending.

Governor Perry is in favour of a constitutional amendment to facilitate legal betting in Texas

Plans for Texas mobile betting

Senate Bill 715 and its House counterpart HB1942 set out the framework for regulated betting.

The bills set out plans for a mobile market, with the state’s professional sports fran..

March 8, 2023

New Brazil integrity body forms in wake of scandals

A consortium of organisations with a stake in Brazilian sports betting have announced the formation of a new non-profit Brazilian sports integrity body, the Associação Brasileira de Defesa da Integridade do Esporte (ABRADIE).

The establishment of the new body follows a number of recent match-fixing scandals in the Portuguese-speaking country, which have led to a national conversation regarding its betting laws.

Involved in the creation of the association are Genius Sports, Entain, daily fantasy sports operator Rei Do Pitaco, as well as law firms Bichara e Motta and Maia Yoshiyasu Advogados, who released a joint statement following the group’s formation.

Luiz Felipe Maia from the Maia Yoshiyasu firm argued that the association was being formed at a “critical time,” due to the pressures of the growing Brazilian market and the ongoing question of regulation.

ABRADIE

ABRADIE states that it will operate as a collaborative group that will partner with regulators, federal and state la..

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Tag: Sports betting regulation