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Gambling and Sports Betting News Wire - October 22 2019

Written by:
C Costigan
Published on:
Oct/22/2019

Here are today's headlines in the world of gambling and sports betting as they happen - Tuesday October 22, 2019.


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The Many Ways NBA Has Embraced Legal Sports Betting

Sports Handle has an excellent report on changes in the NBA that have come about specifically due to legalized sports betting.

These including having to report lineups 30 minutes before tipoff, establishing an "official league data" feed, and the lobbying of a 0.25 percent integrity fee.

So far, no jurisdiction has passed a law requiring payment of a “royalty,” but laws in both Tennessee and Illinois did include a data mandate.

Children Spent “Hundreds of Pounds” on Gambling Loot Boxes

England’s Children’s Commissioner (CCO) wants tighter controls over gambling after a report found youngsters are spending hundreds of pounds on in-game purchases via so-called loot boxes.

The report has stated that 93 per cent of the UK children participate in playing video games with the Children’s Commissioner Office (CCO

The amount spent on loot boxes can vary with some spending more than £300 in one year.  Many of the children likened the loot boxes to gambling in that they do not know the contents and often times they are left feeling empty. 

The most egregious illustration is within the football game FIFA where children hope to receive player packs to help improve their game but are unaware of what is contained in the pack. 

Children Spent “Hundreds of Pounds” on Gambling Loot Boxes

Not So Fast With Prop DD

What you’ll see on the ballot when you go to vote in Colorado:


“Shall state taxes be increased by twenty-nine million dollars annually to fund state water projects and commitments and to pay for the regulation of sports betting through licensed casinos by authorizing a tax on sports betting of ten percent of net sports betting proceeds, and to impose the tax on persons licensed to conduct sports betting?”

We suspect a good number of people will only see the "Shall state taxes be increased" without understanding how they will be increased and who will pay.

The opposition is limited to this amendment, which would grant sports betting at specified existing casinos in the state and potentially allow for mobile sports wagering as well.

Our Free Picks Record October 22

2019 NFL Record: 2-7 (0%)

2019 College Football Record: 3-2 (60%)

2019 MLB Record: 26-18-2 (59%) - No Plays Over -160

2018-19 College Basketball Record: 12-9 (57.1%)

2018-19 NBA Record: 7-5 (58%)

2018 MLB Record: 45-35 (56.2%)

2018 NBA Record: 12-4-1 (75%)

October 21, 2019

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September 2019

August 2019

Gambling News

First Things You Need to Know About Starting Your Own Online Sportsbook

First Things You Need to Know About Starting Your Own Online Sportsbook

The sports betting industry is, for sure, one of the biggest and most profitable you will ever find in the modern world. Betting on sports, casino games, horse racing, and other gambling products, have become one of the most popular hobbies and fun daily activities for millions and millions of people from all over the world, and if you can get in on it and run your own operation, then you will most probably start getting a good piece of the pie. 

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Gambling Company Stocks Tanking, Calls for Ban on Team Sponsorship Deals

Investors appear concerned over Penn National's “free” customer acquisition through the Barstool brand, and DraftKings spend to acquire its customers.

Sports Betting Set For Explosive Growth in 2021:  CEOs Share Outlook

Sports Betting Set For Explosive Growth in 2021: CEOs Share Outlook

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: MGM Resorts International (NYSE: MGM), FansUnite (OTC: FUNFF) (CSE: FANS), fuboTV (NYSE: FUBO), and DraftKings (NASDAQ: DKNG).

Can Weed Help Build Atlantic City?

Can Weed Help Build Atlantic City?

Rebuilding the iconic Atlantic City Boardwalk to enable it to survive future severe storms; improving the look of the city’s main downtown business districts; helping people in underserved communities, and embracing the “blue economy” of the ocean are among recommendations from a state-appointed panel studying ways to improve the seaside gambling resort.

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

Poker Player, Sports Bettor Jailed for 14 months in $1million Tax Evasion Case

A Connecticut sports bettor and part-time poker pro has been sentenced to 14 months in prison for evading taxes on more than $1million of poker gambling winnings.  He must also pay back more than $800,000.

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