Latest Wagering and betting industry News

New Mexico governor gets donations linked to racino bids

Jan. 3, 2019 2:48 PM EST

SANTA FE, N.M. (AP) — Gov. Michelle Lujan Grisham's campaign received more than $25,000 in donations from individuals and companies with ties to a group seeking New Mexico's final license for a horse racetrack and casino. The Santa Fe New Mexican newspaper reported that a company linked to another group...

Sports betting may seem easy. It's not. Here's why

Jan. 2, 2019 12:19 PM EST

ATLANTIC CITY, N.J. (AP) — Wanna bet on sports? First, make sure you know what you're doing — and the odds against you. Seven U.S. states now offer legal sports gambling, and as many as 30 more will consider jumping on board in 2019. So here are some of the basics — as well as some more...

Sports betting will be no home run for state budgets

Jan. 2, 2019 12:17 PM EST

ATLANTIC CITY, N.J. (AP) — The race to legalize sports betting is on now that the U.S. Supreme Court has allowed it in all 50 states, but will it provide enough extra tax revenue to make much of a difference for schools, roads or pension debt? Don't bet on it. Just look to the states that capitalized...

Legal stalemate clouds fate of New Mexico racino license

Dec. 28, 2018 3:43 PM EST

ALBUQUERQUE, N.M. (AP) — New Mexico horse racing regulators on Friday reluctantly decided for a third time to put off a vote on issuing the state's sixth and final license for a new racetrack and casino operation. Racing Commission Chairman Ray Willis said the state attorney general's office warned that if...

Arkansas commission gives preliminary OK to 2 casino rules

Dec. 27, 2018 8:29 AM EST

LITTLE ROCK, Ark. (AP) — The Arkansas Racing Commission has given tentative approval to two new regulations dealing with casino gambling after voters agreed to legalize them last month. The commission must develop rules for the licensing and operation of up to four new casinos, which can be located at...

New entrant to NJ sports betting; FanDuel, Draft Kings deals

Dec. 18, 2018 6:00 PM EST

ATLANTIC CITY, N.J. (AP) — The legal U.S. sports betting market continues to grow by the day, with separate deals announced Tuesday involving New Jersey, West Virginia and a national NBA partnership. A Canadian company said it will enter New Jersey's sports betting market as an affiliate of Monmouth Park...