Congress Last Desperate Attempt to Set Up State Framework for Allowing Sports Betting

Written by:
Gilbert Horowitz
Published on:
Dec/06/2018

Outgoing Republican Senator Orrin Hatch (R-Utah) is pushing forward a bill that would establish a federal framework for states to regulate sports betting, but he only has days to find additional sponsors.


START YOUR OWN SPORTSBOOK - PAY JUST A SMALL FEE PER PLAYER PER WEEK

Sports betting industry expert Joe Brennan, Jr tweeted out this week:

It’s been fun watching Betting Twitter get lit over this “federal bill”,  but this is nothing more than a dinner bell for lobbying interests to get themselves to the Hill; and a last stab at getting a sponsor, since Hatch is an ex-senator in a month

ESPN.com first reported on the draft legislation.

The legislation, which would allow wagering on professional and collegiate sports, would require states to apply for approval from the U.S. attorney general when implementing new sports betting laws and regulations. It would force sportsbook operators to use official league data to grade wagers until at least 2023 and create a mechanism for authorities to target unlicensed operators domestically and offshore.

Some say such a bill is overreach, especially considering that more than half a dozen states have already approved sports betting since the U.S. Supreme Court ruled to abolish decades long prohibition against the activity. 

Pro sports leagues would favor Hatch's bill because they likely could charge for the official league data, Axios suggested.

The push for federal legislation is not likely to go away with Hatch's departure.  Sen. Chuck Schumer (D-N.Y.) has his own proposal for a federal framework and he plans to be sticking around for a while.

- Gilbert Horowitz, Gambling911.com

Gambling News

NJ Governor Murphy to Deliver Keynote Address at Betting on Sports America

NJ Governor Murphy to Deliver Keynote Address at Betting on Sports America

New Jersey Governor Phil Murphy will share his vision for the future of sports betting in the state at April’s Betting on Sports America conference, the biggest sports wagering trade event in the US.

Sports Betting Community Reacts to 60 Minutes Segment on College Athletes Throwing Games

60 Minutes Explores Legallized Sports Betting in the US and Potential for College Athletes to be Compromised

Nobody can sit here and tell you they can deal with this and be a hundred percent clean, Marshall University's Mike Hamrick asserts

How Do I Bet Sports on My Mobile Device From the US, My State

How Do I Bet Sports on My Mobile Device From the US, My State

You can bet sports and other events from your mobile device and from all 50 U.S. states.  Note that the below information will constantly be updated.

How to Create a Bookie Site

How to Create a Bookie Site

If you are looking to be a bookie then the fastest and easiest way to become one is by utilizing one of the many pay per head sites that offer a fully inclusive service with a website for your players to bet on all the sporting events in the world each day.

DraftKings Opening New Headquarters as it Plans Expansion

DraftKings Opening New Headquarters as it Plans Expansion

One of Boston’s largest tech companies is moving into a new corporate headquarters.

Syndicate