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Will USA get Rid of Professional and Amateur Sports Protection Act
GETTING RID OF P.A.S.P.A. COULD GENERATE BIG MONEY FOR U.S. STATES
Sports betting restrictions could be costing US states millions in lost tax revenue.
Efforts by the American Gaming Association to promote the idea of more widely permitted legalised sports betting in the United States have become increasingly obvious this year, with the trade association holding discussion groups and political panels, and frequently pointing out the potential should the restrictions imposed by the Professional and Amateur Sports Protection Act be removed.
The attempts by the New Jersey legislature to by-pass PASPA, and the consequent series of court actions brought by the sports leagues fighting this, have certainly focused attention on the inequitable situation in the USA created by the federal law.
Coincidentally, statistics from a recent study of the issue by Gambling Compliance Research Services were recently published by the Las Vegas Sun newspaper and indicate that a more widely legalised sports betting industry could produce over $11 billion in GGR.
The study noted the increased interest in the possibilities by land casino operators, and estimated that a more permissive approach in the United States has the potential to earn at least four times the GGR of the current top sports betting nation, the United Kingdom, where GGR comes in at around $2 billion annually.
The GCRS study found that under current PASPA restrictions only Nevada is able to offer full-on legalised sports betting, although Delaware, Montana, and Oregon can also offer slightly more limited services. It is hardly surprising; therefore that Nevada currently leads the field with GGR from this segment of $300 million a year.
Other states flagged by the study as potential money-earners include California (an estimated GGR of $1.3 billion annually) and New York ($900 million)
Last month AGA chief executive Geoff Freeman commented on the issue following the failure of yet another New Jersey court action, observing:
"Washington has a responsibility to fix a failed law that it created nearly 25 years ago. A federal government prohibition has driven an illegal, and occasionally dangerous, sports betting market of at least $150 billion annually.
"Law enforcement, mayors, leaders in sports, fans and many others agree that its time for a regulated sports betting marketplace that protects consumers, communities and the integrity of sports we enjoy."
Freeman has suggested that the best and most practical way forward in the fight for legalised sports betting is not legal confrontations, but for Congress to repeal PASPA and give individual states the opportunity to treat sports betting at their discretion, taking the issue away from national politics.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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