M Casino Introduces Betting Sports During Games
Starting last week, patrons at the casino sports book can play their sports gambling choices while games are in play.
The new M Resort Spa Casino in Las Vegas is operating with a set of fresh, original, and creative concepts, including the taking of sports bets while games are underway. Patrons at the casino sports book now can play their sports gambling choices, while games are in play.
The casino introduced the new process on selected games, beginning with the NCAA March Madness college basketball tournament. Pro baseball and football games will be included as the seasons arrive.
Plays will be accepted not only on game results, but on upcoming plays. For instance, if playing a featured football game, a gambler could bet on whether the next play is a touchdown.
For ease of play, the M Resort Sports Book has individual player terminals on which to place bets. The casino also designed the book to be quickly accessible to the outside, for players who want to make a quick stop and then go about their business. Most casinos put sports books behind a winding maze of slots and table games to entrap customers.
"With in-running betting you are always in the game. You're never out and never late coming to a game," says Chairman and CEO Anthony Marnell. "We're giving M's sports bettors the most innovative way to bet in the country and the most exciting way to do it."
Marnell opened the casino with promises of a return to the old days of Las Vegas, emphasizing personal service over computerized and corporate ways. Melding that much-needed philosophy with creative new thoughts, like the sports gambling in-game system, can only make the M a casino on the rise.
M Casino Introduces Betting Sports During Games
Monday, March 23, 2009
Betting Forum Sports: Why Online Poker Is Better Than Playing In A Garage
Betting Forum Sports: Why Online Poker Is Better Than Playing In A Garage
Online poker gives you real gambling action and real money, but in a life simulation that’s just a little bit better than reality. Sportsbook-watch.com has best betting reviews and recommendations of the best poker, sportsbooks and casino websites. They list and review only the best gambling websites. Here are the eight best reasons why online poker is better than playing in your garage.
8. You can play in your PJs! You may be a sexy mama in a red dress but playing in your lingerie is frowned upon in Las Vegas! Playing poker online allows you to dress or loojk as you please. Being in the comfort of your own home will also help you relax and concentrate on the game.
7. You never have to leave. In a real casino, you have to get up and move around to eat, drink, and of course take a bathroom break. When you are in your own home playing poker online, you never have to leave the table because you are at a virtual table! You also are able to play real people and you never have to wait because there is never a shortage of players. You can save gas and money also!
6. You have most of the control. Online, you can choose the game you want to play as well as call all of the shots. In many cases, certain casinos only have certain types of poker available. These are usually the most popular types of poker. Online, you can play any type of poker you want; Horse, Badugi, and even Texas Hold ‘Em.
5. Faster play. With the Internet, everything is faster, and so is online poker. With online poker you will end up playing an average of 50 percent more hands than you’d play in a normal casino setting.
4. You’re anonymous. If you’re one who gets nervous when playing poker or you do not have a great poker face, this is a great advantage. You can throw little tricks into your game and opponents cannot see you.
3. Poker tools. Online you can access whichever poker tools you find necessary to help you win the game. You can look at hand histories and decide what your next move should be. You can also find tools that can help you track your betting rate. Try using some sort of poker tool or helper at a casino and you’ll be in jail! This is just another perk of online poker.
2. It’s much cheaper. With online poker you never have to worry about buying gas, buying clothes to look good, or buying anything else you would need to go to and stay at a casino. You also never have to worry about tipping the dealer.
1. More chances to play poker. When you play online poker, there are many more tables available for you to play at. You never have to worry about crowding like you do at the normal casino. Online there are never any sort of waiting periods, at least not ones that last more than a couple minutes. If you play poker online, you also have the chance to play at multiple tables at the same time. Some people have been able to handle 10 different games. You can’t do this in Vegas!
Betting Forum Sports: Why Online Poker Is Better Than Playing In A Garage
Online poker gives you real gambling action and real money, but in a life simulation that’s just a little bit better than reality. Sportsbook-watch.com has best betting reviews and recommendations of the best poker, sportsbooks and casino websites. They list and review only the best gambling websites. Here are the eight best reasons why online poker is better than playing in your garage.
8. You can play in your PJs! You may be a sexy mama in a red dress but playing in your lingerie is frowned upon in Las Vegas! Playing poker online allows you to dress or loojk as you please. Being in the comfort of your own home will also help you relax and concentrate on the game.
7. You never have to leave. In a real casino, you have to get up and move around to eat, drink, and of course take a bathroom break. When you are in your own home playing poker online, you never have to leave the table because you are at a virtual table! You also are able to play real people and you never have to wait because there is never a shortage of players. You can save gas and money also!
6. You have most of the control. Online, you can choose the game you want to play as well as call all of the shots. In many cases, certain casinos only have certain types of poker available. These are usually the most popular types of poker. Online, you can play any type of poker you want; Horse, Badugi, and even Texas Hold ‘Em.
5. Faster play. With the Internet, everything is faster, and so is online poker. With online poker you will end up playing an average of 50 percent more hands than you’d play in a normal casino setting.
4. You’re anonymous. If you’re one who gets nervous when playing poker or you do not have a great poker face, this is a great advantage. You can throw little tricks into your game and opponents cannot see you.
3. Poker tools. Online you can access whichever poker tools you find necessary to help you win the game. You can look at hand histories and decide what your next move should be. You can also find tools that can help you track your betting rate. Try using some sort of poker tool or helper at a casino and you’ll be in jail! This is just another perk of online poker.
2. It’s much cheaper. With online poker you never have to worry about buying gas, buying clothes to look good, or buying anything else you would need to go to and stay at a casino. You also never have to worry about tipping the dealer.
1. More chances to play poker. When you play online poker, there are many more tables available for you to play at. You never have to worry about crowding like you do at the normal casino. Online there are never any sort of waiting periods, at least not ones that last more than a couple minutes. If you play poker online, you also have the chance to play at multiple tables at the same time. Some people have been able to handle 10 different games. You can’t do this in Vegas!
Betting Forum Sports: Why Online Poker Is Better Than Playing In A Garage
Other states move to legalize Betting Sports
Other states move to legalize Betting Sports
By DAVID MOULTON
I like to gamble. Always have. When I was 11, 12 years old, during the occasional weekend with my father, he would buy me a football “sheet.”
He would pay the $5 or $10 entry and I would try to pick four winners. If I did, I got to keep the money. Going 4-for-4 paid 10-1 odds. That’s $50 or $100, back in the 70s, for a pre-teen. Been hooked ever since. Fortunately, I’m not alone. America loves to gamble. Thirty-seven states have some form of gambling, not including lotteries.
This just in — America is broke. Now more than ever, states are looking at ways to raise revenues. Fortunately, “gambling” is a way for states to do just that. But for over 30 years, states have been reluctant to go after the really big money. The controversial money. The billions that could legally be gambled on sports.
It’s been the equivalent of Prohibition. Did it stop people from drinking? No. They just hid it and did so illegally. The same is true with gambling.
Well, desperate times call for desperate measures.
Recently, Delaware’s governor and a New Jersey state senator proposed that their states begin to allow gambling on sports. Delaware wants to start as soon as this fall, by allowing parlays bets on football games.
Delaware would also sell some form of sports lottery tickets. New Jersey’s proposal is more along the lines of turning the Garden State eventually into Vegas East.
Well, it’s about time!
Let me get this straight. I can go to the Greyhound Track in Bonita Springs and bet on dogs or horses running anywhere in the U.S., but I can’t legally bet on the NFL anywhere other than Nevada?
Did Nevada bribe the rest of America or are they just laughing at our stupidity all these years?
We’re not talking legalizing marijuana or prostitution (I’ll leave that cause to Bill Maher). I’m talking being able to drive a few minutes to a local betting parlor and taking T.O. and the Bills, hosting the Jets, laying 3 1/2 points.
They bet everything that moves in Great Britain. You may have heard of them? Our greatest ally. Home to London and the 2012 Olympics.
Let’s stop the charade. Keeping it illegal is not stopping one person from placing a bet. Not one. Meanwhile, Costa Rica and a few offshore companies are laughing all the way to the bank.
While we bail some of ours out.
Those that don’t want to gamble, won’t. Same as those that don’t want to drink or smoke, won’t drink or smoke.
Legalize gambling on sports and tax the heck out of it.
Don’t give me your moral outrage and the eventual decay of Western civilization as we know it argument. Reality check: What kills more people in America? Tobacco, alcohol or gambling?
Answer: Definitely not gambling. So what have we done about tobacco and alcohol? Legalized it and taxed the heck out of it.
*********
David Moulton is co-host of “Miller and Moulton in the Afternoon.” The radio show now airs weekdays 2-7 p.m. on WWCN/AM 770 ESPN. His columns appear every Sunday, Wednesday and Friday.
Other states move to legalize Betting Sports
By DAVID MOULTON
I like to gamble. Always have. When I was 11, 12 years old, during the occasional weekend with my father, he would buy me a football “sheet.”
He would pay the $5 or $10 entry and I would try to pick four winners. If I did, I got to keep the money. Going 4-for-4 paid 10-1 odds. That’s $50 or $100, back in the 70s, for a pre-teen. Been hooked ever since. Fortunately, I’m not alone. America loves to gamble. Thirty-seven states have some form of gambling, not including lotteries.
This just in — America is broke. Now more than ever, states are looking at ways to raise revenues. Fortunately, “gambling” is a way for states to do just that. But for over 30 years, states have been reluctant to go after the really big money. The controversial money. The billions that could legally be gambled on sports.
It’s been the equivalent of Prohibition. Did it stop people from drinking? No. They just hid it and did so illegally. The same is true with gambling.
Well, desperate times call for desperate measures.
Recently, Delaware’s governor and a New Jersey state senator proposed that their states begin to allow gambling on sports. Delaware wants to start as soon as this fall, by allowing parlays bets on football games.
Delaware would also sell some form of sports lottery tickets. New Jersey’s proposal is more along the lines of turning the Garden State eventually into Vegas East.
Well, it’s about time!
Let me get this straight. I can go to the Greyhound Track in Bonita Springs and bet on dogs or horses running anywhere in the U.S., but I can’t legally bet on the NFL anywhere other than Nevada?
Did Nevada bribe the rest of America or are they just laughing at our stupidity all these years?
We’re not talking legalizing marijuana or prostitution (I’ll leave that cause to Bill Maher). I’m talking being able to drive a few minutes to a local betting parlor and taking T.O. and the Bills, hosting the Jets, laying 3 1/2 points.
They bet everything that moves in Great Britain. You may have heard of them? Our greatest ally. Home to London and the 2012 Olympics.
Let’s stop the charade. Keeping it illegal is not stopping one person from placing a bet. Not one. Meanwhile, Costa Rica and a few offshore companies are laughing all the way to the bank.
While we bail some of ours out.
Those that don’t want to gamble, won’t. Same as those that don’t want to drink or smoke, won’t drink or smoke.
Legalize gambling on sports and tax the heck out of it.
Don’t give me your moral outrage and the eventual decay of Western civilization as we know it argument. Reality check: What kills more people in America? Tobacco, alcohol or gambling?
Answer: Definitely not gambling. So what have we done about tobacco and alcohol? Legalized it and taxed the heck out of it.
*********
David Moulton is co-host of “Miller and Moulton in the Afternoon.” The radio show now airs weekdays 2-7 p.m. on WWCN/AM 770 ESPN. His columns appear every Sunday, Wednesday and Friday.
Other states move to legalize Betting Sports
Live Sports Betting, Mobile Betting Sports among M Resort features
Live Sports Betting, Mobile Betting Sports among M Resort features
There is hardly a lack of casino gambling and sportsbooks in Las Vegas, and the current troublesome economy is making gambling competition in the Sin City ever so tough. But the recently opened M Resort knows that innovation and unique services are the key to making money these days. The new gambling complex has just introduced a feature long offered by the online sports betting websites, but yet to be seen on the ground -- live in-play sports betting in Las Vegas.
The M Resort's sportsbook, which has already drawn plenty of clientele thanks to its unique settings, has now added the option for its patrons to bet on the games live as they happen. The betting odds are also set in-house by the M Resort odds makers giving the bettors access to adjusted point spread, money lines and totals while a game is in progress.
If the live sports betting at M Resort, which could turn a trip to the sportsbook into a whole-day event, wasn't enough, the innovative gambling complex is now also offering mobile sports betting within the resort's borders. Using technology by the British developer Cantor Gaming, account holders of the new casino gambling center will be given a small device which they, in turn, can use to place sports bets, track their wagers and calculate winnings, all without the need to visit a sportsbook kiosk.
Live Sports Betting, Mobile Betting Sports among M Resort features
There is hardly a lack of casino gambling and sportsbooks in Las Vegas, and the current troublesome economy is making gambling competition in the Sin City ever so tough. But the recently opened M Resort knows that innovation and unique services are the key to making money these days. The new gambling complex has just introduced a feature long offered by the online sports betting websites, but yet to be seen on the ground -- live in-play sports betting in Las Vegas.
The M Resort's sportsbook, which has already drawn plenty of clientele thanks to its unique settings, has now added the option for its patrons to bet on the games live as they happen. The betting odds are also set in-house by the M Resort odds makers giving the bettors access to adjusted point spread, money lines and totals while a game is in progress.
If the live sports betting at M Resort, which could turn a trip to the sportsbook into a whole-day event, wasn't enough, the innovative gambling complex is now also offering mobile sports betting within the resort's borders. Using technology by the British developer Cantor Gaming, account holders of the new casino gambling center will be given a small device which they, in turn, can use to place sports bets, track their wagers and calculate winnings, all without the need to visit a sportsbook kiosk.
Live Sports Betting, Mobile Betting Sports among M Resort features
Student Creates Web Site For Legal Sports Betting
Student Creates Web Site For Legal Sports Betting
By Adam Samson
The University Daily Kansan
Throughout the year, events such as the Super Bowl, the World Series and college basketball’s March Madness create a stir in the sports gambling market.
Although sporting event gambling is illegal, new web sites are allowing people to bet legally.
Grayson Ediger, Olathe junior, collaborated with two friends from the University of Missouri, Jermemiah Reardon and Taylor Swartz, to launch Quarterbets.com, a free and legal sports betting web site.
“Technically in legal terms, we’re a sweepstakes company,” Reardon said. “In everyday terms to explain to everyone, we say betting because people understand it more.”
Ediger, Reardon and Swartz had been using offshore sports betting web sites and bookies to place bets during last year’s March Madness, but decided it was too risky and came up with Quarterbets.com.
“The offshore betting web sites got so complicated to deposit money into the web site and it was becoming a huge process to get around the rules,” Reardon said.
Congress prohibited Internet users from depositing their own money into betting web sites with the SAFE Port Act of 2006. Quarterbets.com is legal because it gives users 25 cents to begin with and users don’t deposit money into the site. Once a user reaches $20, the user can cash out and the trio will send a check in the mail for the account balance.
“We did a lot of different research for this,” Ediger said. “From searching Google to calling lawyers to make sure everything we were doing was legitimate.”
Quarterbets.com features seven sports: NFL, NBA, MLB, NHL, tennis and NCAA basketball and football, but Ediger said he would consider adding more sports in the future.
To cover upkeep of the web site and start up costs such as the server and domain name, the three students spent close to $5,000 of their own money. Ediger said they also found ad agencies that would pay the site for each time a user accesses Quarterbets.com.
Ediger, Reardon and Swartz said the biggest way of getting advertising and marketing for the site was by word of mouth. The trio has done everything from posting on Internet discussion boards, to putting fliers on cars and spamming their friends on Facebook.
In the month and a half Quarterbets.com has been fully functional, Ediger said, more than 1,000 users have joined. Of the 1,000 users, only three have been able to cash out. Ediger said they started with a handful of people from Kansas and Missouri, but spread to other states and reached users in Canada as well.
“It’s very gratifying having an idea, finishing it, and then seeing it gain momentum,” Ediger said.
Ediger, who described himself as a huge sports fan and very competitive, said the Web site was an entertaining way for users and sports fans to wager legally on sports and make a game more interesting.
“It’s a very fun feeling watching a sports game with money on the line,” Ediger said. “It makes any game, the game you want to watch.”
Although Quarterbets.com is a legal site, offshore betting web sites and sports betting are still a problem.
Last week, the NCAA issued a news release about education outreach on the participation of sports wagering for student athletes, coaches, administrators and fans.
Student Creates Web Site For Legal Sports Betting
By Adam Samson
The University Daily Kansan
Throughout the year, events such as the Super Bowl, the World Series and college basketball’s March Madness create a stir in the sports gambling market.
Although sporting event gambling is illegal, new web sites are allowing people to bet legally.
Grayson Ediger, Olathe junior, collaborated with two friends from the University of Missouri, Jermemiah Reardon and Taylor Swartz, to launch Quarterbets.com, a free and legal sports betting web site.
“Technically in legal terms, we’re a sweepstakes company,” Reardon said. “In everyday terms to explain to everyone, we say betting because people understand it more.”
Ediger, Reardon and Swartz had been using offshore sports betting web sites and bookies to place bets during last year’s March Madness, but decided it was too risky and came up with Quarterbets.com.
“The offshore betting web sites got so complicated to deposit money into the web site and it was becoming a huge process to get around the rules,” Reardon said.
Congress prohibited Internet users from depositing their own money into betting web sites with the SAFE Port Act of 2006. Quarterbets.com is legal because it gives users 25 cents to begin with and users don’t deposit money into the site. Once a user reaches $20, the user can cash out and the trio will send a check in the mail for the account balance.
“We did a lot of different research for this,” Ediger said. “From searching Google to calling lawyers to make sure everything we were doing was legitimate.”
Quarterbets.com features seven sports: NFL, NBA, MLB, NHL, tennis and NCAA basketball and football, but Ediger said he would consider adding more sports in the future.
To cover upkeep of the web site and start up costs such as the server and domain name, the three students spent close to $5,000 of their own money. Ediger said they also found ad agencies that would pay the site for each time a user accesses Quarterbets.com.
Ediger, Reardon and Swartz said the biggest way of getting advertising and marketing for the site was by word of mouth. The trio has done everything from posting on Internet discussion boards, to putting fliers on cars and spamming their friends on Facebook.
In the month and a half Quarterbets.com has been fully functional, Ediger said, more than 1,000 users have joined. Of the 1,000 users, only three have been able to cash out. Ediger said they started with a handful of people from Kansas and Missouri, but spread to other states and reached users in Canada as well.
“It’s very gratifying having an idea, finishing it, and then seeing it gain momentum,” Ediger said.
Ediger, who described himself as a huge sports fan and very competitive, said the Web site was an entertaining way for users and sports fans to wager legally on sports and make a game more interesting.
“It’s a very fun feeling watching a sports game with money on the line,” Ediger said. “It makes any game, the game you want to watch.”
Although Quarterbets.com is a legal site, offshore betting web sites and sports betting are still a problem.
Last week, the NCAA issued a news release about education outreach on the participation of sports wagering for student athletes, coaches, administrators and fans.
Student Creates Web Site For Legal Sports Betting
Maryland’s Neighbors Push for Betting Sports, But Slots Unlikely to be Hurt
Maryland’s Neighbors Push for Betting Sports, But Slots Unlikely to be Hurt
By DYLAN WAUGH
Southern Maryland Online
ANNAPOLIS - As distracted office workers and college basketball fans gamble millions on the opening weekend of March Madness, two of Maryland's neighboring states are looking to legalize sports betting as a way to raise revenue.
Delaware Gov. Jack Markell views sports betting as a partial solution to his state's $750 million budget shortfall. And New Jersey State Sen. Raymond Lesniak next week intends to challenge a federal ban on sports gambling.
The moves come as Maryland struggles to implement its slots plan, which was intended to raise money for education and save the state's horse racing industry.
But even though Delaware might have sports betting in place in time for this fall's football season, experts don't see the move cutting into the slots revenue projected to start flowing into Maryland in a few years.
"I don't think there is really much risk of Delaware stealing customers from Maryland," said Bill Eadington, director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno.
Eadington described sharp differences between the types of gamblers, calling slots fans "pure chance players," and sports bettors "much more cerebral."
"There's not a lot of spillover," Eadington said, referencing Nevada gambling data. "That's pretty clear from a lot of evidence."
Bethesda-based gambling analyst Jeffrey Hooke agreed, noting distinctions between slots gamblers and sports bettors, as well as the distance Maryland residents would have to travel in order to bet on sports in Delaware.
"I don't think it's going to have any effect," Hooke said." Maryland slots is basically catering to the convenience bettor."
Beyond catering to different types of gamblers, Eadington doesn't think sports betting in Delaware would create a big enough market to infringe on Maryland's slots without including provisions for online gambling or out-of-state wagering.
Senate President Thomas V. Mike Miller Jr., D-Calvert, said he is "not at all" worried by the prospect of legalized sports betting just east of Maryland, citing the "two totally different crowds" attracted by slots and sports gambling.
Maryland voters approved slots in a referendum last year, but the state received only four qualified bids for a total of fewer than half of the 15,000 terminals allowed. The tepid response means the state will likely struggle to deliver the $660 million for public schools it hoped slots would generate by the 2013 fiscal year, regardless of possible sports betting in Delaware.
Sports betting in Delaware might be limited to parlay bets, which are combinations of at least two individual outcomes -- for example betting on a basketball team winning and a certain player scoring more than 15 points. Sports betting is prohibited by federal law, but Delaware is one of four states exempt from the restriction, having been grandfathered in for experimenting with a sports lottery before the 1992 federal ban.
Legislation could be introduced in Delaware as soon as next week.
A 1999 National Gambling Impact Study Commission report estimated $80 billion-$380 billion is illegally wagered on sports each year nationally. In 2008, more than $2.5 billion was legally wagered on sports in Nevada, according to The American Gaming Association.
College basketball's annual March Madness tournament and the Super Bowl are widely considered among the most popular gambling events. Gamblers place $80-$90 million in legal bets in Nevada on the NCAA tournament each year, according to American Gaming Association statistics.
But with approximately half of the country participating in some sort of bracket pool, the amount of money wagered on the tournament illegally is likely much higher. Eadington estimated $600 million was lost in illegal basketball gambling last March based on projections from legal Nevada betting data, but cautioned the figure includes wagers on NBA games as well.
Maryland’s Neighbors Push for Betting Sports, But Slots Unlikely to be Hurt
By DYLAN WAUGH
Southern Maryland Online
ANNAPOLIS - As distracted office workers and college basketball fans gamble millions on the opening weekend of March Madness, two of Maryland's neighboring states are looking to legalize sports betting as a way to raise revenue.
Delaware Gov. Jack Markell views sports betting as a partial solution to his state's $750 million budget shortfall. And New Jersey State Sen. Raymond Lesniak next week intends to challenge a federal ban on sports gambling.
The moves come as Maryland struggles to implement its slots plan, which was intended to raise money for education and save the state's horse racing industry.
But even though Delaware might have sports betting in place in time for this fall's football season, experts don't see the move cutting into the slots revenue projected to start flowing into Maryland in a few years.
"I don't think there is really much risk of Delaware stealing customers from Maryland," said Bill Eadington, director of the Institute for the Study of Gambling and Commercial Gaming at the University of Nevada, Reno.
Eadington described sharp differences between the types of gamblers, calling slots fans "pure chance players," and sports bettors "much more cerebral."
"There's not a lot of spillover," Eadington said, referencing Nevada gambling data. "That's pretty clear from a lot of evidence."
Bethesda-based gambling analyst Jeffrey Hooke agreed, noting distinctions between slots gamblers and sports bettors, as well as the distance Maryland residents would have to travel in order to bet on sports in Delaware.
"I don't think it's going to have any effect," Hooke said." Maryland slots is basically catering to the convenience bettor."
Beyond catering to different types of gamblers, Eadington doesn't think sports betting in Delaware would create a big enough market to infringe on Maryland's slots without including provisions for online gambling or out-of-state wagering.
Senate President Thomas V. Mike Miller Jr., D-Calvert, said he is "not at all" worried by the prospect of legalized sports betting just east of Maryland, citing the "two totally different crowds" attracted by slots and sports gambling.
Maryland voters approved slots in a referendum last year, but the state received only four qualified bids for a total of fewer than half of the 15,000 terminals allowed. The tepid response means the state will likely struggle to deliver the $660 million for public schools it hoped slots would generate by the 2013 fiscal year, regardless of possible sports betting in Delaware.
Sports betting in Delaware might be limited to parlay bets, which are combinations of at least two individual outcomes -- for example betting on a basketball team winning and a certain player scoring more than 15 points. Sports betting is prohibited by federal law, but Delaware is one of four states exempt from the restriction, having been grandfathered in for experimenting with a sports lottery before the 1992 federal ban.
Legislation could be introduced in Delaware as soon as next week.
A 1999 National Gambling Impact Study Commission report estimated $80 billion-$380 billion is illegally wagered on sports each year nationally. In 2008, more than $2.5 billion was legally wagered on sports in Nevada, according to The American Gaming Association.
College basketball's annual March Madness tournament and the Super Bowl are widely considered among the most popular gambling events. Gamblers place $80-$90 million in legal bets in Nevada on the NCAA tournament each year, according to American Gaming Association statistics.
But with approximately half of the country participating in some sort of bracket pool, the amount of money wagered on the tournament illegally is likely much higher. Eadington estimated $600 million was lost in illegal basketball gambling last March based on projections from legal Nevada betting data, but cautioned the figure includes wagers on NBA games as well.
Maryland’s Neighbors Push for Betting Sports, But Slots Unlikely to be Hurt
Sunday, March 22, 2009
Betting Sports Forum: Economy Causes China to Consider Legalized Online Gambling
Betting Sports Forum: Economy Causes China to Consider Legalized Online Gambling
But ministers in the Chinese government are recommending that gaming laws be loosened, potentially leaving the US as the sole most repressive country regarding online casinos.
The US has often been compared to China in its stubborn and aggressive determination to keep online gambling illegal. But ministers in the Chinese government are recommending that gaming laws be loosened, potentially leaving the US as the sole most repressive country regarding online casinos.
Officials governing sports told the Chinese parliament that allowing sports gambling could stop the flow of money to foreign Internet casinos and raise national revenues. Despite prison terms given to both players and operators of online gambling sites, illegal online gambling is estimated to take in ten times as much revenue as the legal lottery.
Deputy sports minister Wang Jun told the Chinese People's Political Consultation Conference that expanding the lottery to allow online gambling on sports and horse racing would reverse the results, leaving China with the bulk of revenue.
"The sports lottery can help create jobs. There are some 300,000 lottery ticket sellers in the country. In Hong Kong, where the legal lottery is well developed, the official business is 10 times as big as the private ones," said Jun.
The popularity of illegal mainland gambling and Macau gaming trips indicates a potentially huge gambling market, should China decide to regulate Internet gambling. Jun told delegates that strong legislative oversight prevents any harm that may come from expanded gambling.
Betting Sports Forum: Economy Causes China to Consider Legalized Online Gambling
But ministers in the Chinese government are recommending that gaming laws be loosened, potentially leaving the US as the sole most repressive country regarding online casinos.
The US has often been compared to China in its stubborn and aggressive determination to keep online gambling illegal. But ministers in the Chinese government are recommending that gaming laws be loosened, potentially leaving the US as the sole most repressive country regarding online casinos.
Officials governing sports told the Chinese parliament that allowing sports gambling could stop the flow of money to foreign Internet casinos and raise national revenues. Despite prison terms given to both players and operators of online gambling sites, illegal online gambling is estimated to take in ten times as much revenue as the legal lottery.
Deputy sports minister Wang Jun told the Chinese People's Political Consultation Conference that expanding the lottery to allow online gambling on sports and horse racing would reverse the results, leaving China with the bulk of revenue.
"The sports lottery can help create jobs. There are some 300,000 lottery ticket sellers in the country. In Hong Kong, where the legal lottery is well developed, the official business is 10 times as big as the private ones," said Jun.
The popularity of illegal mainland gambling and Macau gaming trips indicates a potentially huge gambling market, should China decide to regulate Internet gambling. Jun told delegates that strong legislative oversight prevents any harm that may come from expanded gambling.
Betting Sports Forum: Economy Causes China to Consider Legalized Online Gambling
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