What does the US legal sports betting news cycle hold for us this week? Hard to imagine it could be as busy as last week, one of the busiest on record.
We anticipate more clarity around the situation in Washington DC, where the mayor’s decision is due and a key hearing is upcoming. We also have new sports betting revenue numbers from Mississippi, where a rebound is in order after a couple of middling months.
What more will come of the Wire Act memo fallout? Could new enforcement guidelines be on the way. We’re watching out there as well.
As always, keep an eye on the Legal Sports ReportTwitter feed for the latest.
LegalSportsReport covers a variety of topics that intersect with online sports betting. We focus on a few primary areas of coverage, areas that make up the bulk of the content on LSR.
Regulated / Legal U.S. Sports Betting
Closely connected to the issue of daily fantasy sports is the issue of regulated sports betting in the United States. On May 14, 2018, the US Supreme Court struck down the 1992 law (PASPA) that made sports betting illegal everywhere except Nevada. This means that sports betting is now in the hands of states to regulate and/or prohibit. The topic of legal sports betting is appearing in more and more states, a development that we'll be watching closely as they unfold in the coming year.
Daily Fantasy Sports
LegalSportsReport began as a site aimed at analyzing the daily fantasy sports industry in the United States, and that remains a focus today. We are especially interested in the legal and legislative conversations surrounding DFS, and also in the underlying economics of the daily fantasy sports industry. Additionally, we cover general industry developments, including product innovations, marketing trends, and related topics.
The Global Sports Betting Market
In many ways, the global sports online betting market, led by operators like bet365, provides a template for the market that is likely to eventually evolve for sports betting in the United States. And many of the companies that dominate the international sports betting market - such as William Hill - are poised to become key players in the US sports betting market should the market become legal and regulated.