Latest Wagering and betting industry News

Louisiana's sports betting legalization effort edges ahead

May. 21, 2019 4:47 PM EDT

BATON ROUGE, La. (AP) — A proposal to legalize sports betting in Louisiana edged forward in the Legislature, winning the backing Tuesday of a committee packed with several anti-gambling lawmakers who unsuccessfully sought to derail the measure. The Senate-supported legalization bill won passage from the...

Maine sports betting legislation faces further study

May. 6, 2019 3:15 PM EDT

AUGUSTA, Maine (AP) — Lawmakers said Monday they need more time to decide on a push to allow sports betting in Maine that's been spurred by a U.S. Supreme Court decision. The Legislature's Veterans and Legal Affairs committee on Monday voted to table one such bill and kill several related bills as it...

Horse racing weighs changes to compete with sports gambling

May. 1, 2019 3:24 AM EDT

When Animal Kingdom romped to victory in the 2011 Kentucky Derby, he did so at odds of 21-1. Anyone who bet on the horse when the initial morning line was set did so when Animal Kingdom was 30-1. Except they didn't get those odds. That's just horse racing, and some say that needs to change because the industry...

Louisiana Senate backs sports betting legalization bill

Apr. 30, 2019 7:45 PM EDT

BATON ROUGE, La. (AP) — Louisiana senators agreed Tuesday to legalize sports betting within the footprint of the state's casinos and racetracks, with the bill's sponsor arguing that gamblers already are making the wagers but without the state benefiting from the activity. The measure by Republican Sen....

Downtown Las Vegas casinos win approval for sports betting

Apr. 26, 2019 4:43 PM EDT

LAS VEGAS (AP) — Golden Gate Casino officials say they plan to open a branded sportsbook operation in June after the Nevada Gaming Commission approved a license for the downtown Las Vegas operation. The Las Vegas Review-Journal reports the Golden Gate, the D and the under-construction Circa resort plan to...

March Madness bets 3 times higher than Super Bowl bets in NJ

Apr. 25, 2019 4:52 PM EDT

SECAUCUS, N.J. (AP) — Football's championship game may have been super, but gamblers in New Jersey dug much deeper into their wallets for college basketball's national championship tournament. More than $106 million was bet in New Jersey on the NCAA Tournament — three times the amount bet on the...

New panel will consider bids for New Mexico racino license

Apr. 25, 2019 3:53 PM EDT

ALBUQUERQUE, N.M. (AP) — The governor appointed a new panel of regulators Thursday to oversee New Mexico's horse racing industry amid a legal battle centered on the state's sixth and final license for a racetrack and casino. The commission will decide the contentious competition for the lucrative license...

New Mexico racino license in limbo pending court fight

Apr. 18, 2019 5:58 PM EDT

ALBUQUERQUE, N.M. (AP) — The New Mexico Racing Commission on Thursday ratified a proposed settlement aimed at ending a legal dispute that has kept the regulatory panel from making a final decision on awarding the state's sixth and final license for a horse racetrack and casino. The commission voted to...

The Latest: Regulators ratify settlement in racino case

Apr. 18, 2019 5:33 PM EDT

ALBUQUERQUE, N.M. (AP) — The Latest on a legal dispute regarding New Mexico's final racino license (all times local): 3:20 p.m. The New Mexico Racing Commission has ratified a proposed settlement aimed at ending a legal dispute related to the state's sixth and final license for a horse racetrack and...

Horse racing returns as gaming parlors open in Virginia

Apr. 11, 2019 7:20 PM EDT

RICHMOND, Va. (AP) — Horses soon will race again at Colonial Downs, and Virginians will be able to bet on them and play slots-style machines in a casino-like setting at four other locations across the commonwealth. The Colonial Downs Group will resume horse racing at its track in New Kent County and offer...