Sports Betting Beat - June 8, 2021

Written by:
C Costigan
Published on:
Jun/08/2021

This is your sports betting industry news for Tuesday June 8, 2021.

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Action Network

MLB and the Action Network, a sports betting data and analysis site, have entered into a multi-platform content partnership, Axios has learned.Why it matters: As sports betting continues to expand and evolve, leagues are looking for ways to provide unique content for their fans, and no sport has as many betting opportunities as baseball, with its 162-game slate.

The partnership spans three main facets — syndication, programming and integration, all with an eye on seamlessly incorporating sports betting content into the MLB landscape beginning later this month.

Canada

Late last week, Bill C-218, known as The Safe and Regulated Sports Betting Act, passed through Canada's Senate Standing Committee on Banking, Trade and Commerce. The bill would legalize single-game sports wagering, including mobile, across all of Canada. It now heads back to the Senate where lawmakers will debate the bill and call witnesses to speak on its behalf. Once deliberations conclude, a final vote will be taken. The Canadian Parliament has until the end of June to pass the bill and get it signed into law. If it passes, sports betting could launch in Canada by the end of the year.  Source: VSiN

Illinois

New amendments made to Senate Bill 521 would give Illinois residents the ability to gamble on instate colleges.

Senate Bill 521, originally filed by Sen. Antonio Munoz, D-Chicago, passed through the House and is currently awaiting concurrence from the Senate. The bill would amend previous laws and allow for Illinoisans to gamble on in-state schools but with restrictions.

The bill also would require Illinoisans who wish to bet on an in-state school to do so in a licensed Illinois facility, Chief Co-Sponsor Rep. Robert Rita, D-Blue Island, said.

“It allows for betting on teams and not individual performances and you have to make those bets at a brick and mortar facility and not online over the internet.”

Louisiana

Louisiana voters in 55 of the state's parishes approved sports betting last fall, and Monday the governor signed a bill that creates the structure for it to happen.

The bill signed by the governor authorizes the Louisiana Lottery Corporation to conduct sports wagering and levies a tax on sports wagering gaming.

The law adds "sports wagering" to all existing criminal laws controlling gambling in Louisiana, and also sets up a schedule for applications, permits, taxes and fees.

- Chris Costigan, Gambling911.com Publisher

Gambling News

Does the IRS Report How Much I Won at DraftKings?

If you won over a certain amount of money betting at DraftKings, the online sportsbook is obligated to report your winnings to the IRS.  DraftKings and other regulated sportsbooks typically require you to provide your social security number during the registration process.

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