Texas received three daily fantasy sports (DFS) bills in quick succession this week, each aimed at legalizing and developing a framework of legislation for the competitions.
Texas Attorney General Ken Paxton sparked a lawsuit when he opined that daily fantasy sports were illegal under state legislation. A triple-pronged legislative approach from Representative Richard Raymond hopes to challenge that opinion.
The state missed down regarding the DFS legislation trend that appeared regarding the dockets of legislatures across the country in 2016 as a result of the fact that its session that is legislative is, nonetheless it appears to be creating for lost time.
Each of the three bills is sponsored by State Representative Richard Raymond (D-Laredo). Their co-sponsors vary, as does the language of each bill, although they also chime in on numerous things.
As a human body of legislation, the three bills address the key preoccupations of legislators across the United States, from player protections and operator enrollment fees, to the segregation of player funds. Curiously, though, one bill ignores the latter notably crucial point altogether. Likewise, two bills would define DFS as games of skill, while one wouldn’t bother.
Representative Raymond is actually hedging his wagers.
The Letter of regulations
Raymond stated he hoped his triple-pronged approach would ‘clarify a confusing and ambiguous law and affirm that dream sports are legal in Texas.’
He told the Texas Fantasy Sports Alliance that ‘the government ought not to be limiting the freedom of Texans to participate in fantasy sports contests, which are clearly a game of skill, not chance.’
Texas became a legal battleground for DFS when, in January 2016, Texas AG Ken Paxton deemed the competitions to be illegal games of possibility under Texas law.
He said it had been ‘beyond reasonable dispute that day-to-day dream leagues involve an element of possibility regarding how a player that is selected perform on game day.’
‘Paid daily fantasy activities operators claim they could legally operate as an unregulated home, but none of existing Texas law to their arguments square,’ he added.
‘Simply put, it’s prohibited gambling in Texas if you bet on the performance of the participant in a sporting event and the house takes a cut,’ Paxton concluded.
DraftKings Sues Texas AG
FanDuel quickly pulled out of the Texas market, but DraftKings, which had a sponsorship handle the Dallas Cowboys, dug its heels in and sued Paxton.
DraftKings claimed their opinion had jeopardized its relationship with the Cowboys and that many Texans had closed their accounts as a result of their statement. The company’s lawyers asked the judge to clarify that DFS was not illegal in Texas.
Paxton stated the full instance should be dismissed because his sovereign immunity protected him from lawsuits.
‘This lawsuit reflects a company’s attempt to protect its chosen business model: profiting from paid online daily fantasy sports in Texas,’ he said.
The case is ongoing.
Tiger Woods Shanks His Return, Oddsmakers Drop Confidence
The Tiger Woods comeback that many in nevada were betting on hasn’t exactly taken off as fans and gamblers had hoped.
Tiger Woods has lost control of his golf game, and vegas bettors are slowly hope that is losing of comeback for the former great. (Image: Francois Nel/Getty Graphics)
The 14-time major winner returned to golf’s main stage last week in California at the Farmers Insurance Open after 17 months away from formal PGA Tour action. Their encore ended up being short-lived, however, as Woods shot 76-72 to miss the cut by four shots.
Las vegas sportsbooks gave Woods a 30-1 potential for winning that tournament. And he would’ve won, had the 109 players who played better than he perhaps not shown up.
Their second tournament in as numerous months, tennis’s second all-time major champion was in Dubai this week for the Omega Desert Timeless. The Westgate SuperBook gave him 40/1 odds of winning, and sold bets that are moneyline him just making the cut (Yes -140, No +120), and finishing in the top 20 (Yes +300, No -360).
It might have already been difficult to imagine a worse performance in his second week right back. And talking about ‘back,’ Woods’ often injury-prone back forced him to withdrawal after one round in which he shot a dismal 77.
Woods’ agent Mark Steinberg told reporters, ‘He went as a spasm in their spine after dinner. He tried to work it down night that is last. He had therapy started pretty early this early morning . . . but they can’t get the spasm worked out.’
Tiger’s dropping out of the Dubai tournament also nullifies numerous bets that are prop paired with Sunday’s Super Bowl LI. Lines like ‘Tiger Woods fourth-round bogeys (-1.5) vs. Falcons quarterback Matt Ryan total touchdown passes’ had to be scrapped.
What’s in a Name?
Woods was many dominant force in golf for some two years. He won 79 times on the PGA Tour and his 14 majors trails on Jack Nicklaus’ 18.
Today, a new crop of young and budding talent rules golf. Woods hasn’t won a tournament since the 2013 Bridgestone Invitational, and his last major was the United States Open in 2008.
But Vegas proceeded to rely on Tiger. However, after his performances that are recent or lack thereof, bettors are beginning to pull away.
Jeff Sherman, the oddsmaker for Westgate, stretched the odds of Tiger winning the Masters from 25/1 to 50/1 after the Dubai debacle. Considering he’s currently ranked an ironic #666 in the world, and it hasn’t even produced PGA Tour cut since August of 2015, those itâ€™s likely that still relatively strong.
‘Remove the title Tiger Woods along with a 200/1 golfer,’ Sherman tweeted this week. ‘ Leading the ticket count and cash changes that.’
Tiger did more for the sport of golf than perhaps just about any player in the past history of the game. PGA Tour events hand out over $1 million checks almost to the winner every as purses ballooned during the Woods era of dominance sunday.
Golf, and sportsbooks, would love to have him right back. Television ratings soar when Woods is in the mix, and sports bets skyrocket.
‘A competitive Tiger is exceptional for handle and props,’ Sherman concluded.
Idaho Bar-Based Lottery Machines In Peril After Anti-Gambling Group Crusade
Idaho Lottery gambling machines commonly discovered in bars and taverns distribute across the northwestern US state could soon disappear from the watering holes after an anti-gaming group successfully persuaded some state lawmakers to rethink their places.
They look innocent sufficient, but Idaho Lottery gambling machines in consuming sports are increasing problem gambling, at least in accordance with one critic. (Image: Otto Kitsinger/Associated Press)
The Gem State, known because of its abundance of normal resources, is additionally known to have gaming that is touchscreen near the counters of local pubs and ingesting establishments. Though Idaho has tribal gaming, commercial casinos remain outlawed.
The state legislature in 2011 granted the Idaho Lottery with the directly to place lottery devices inside businesses that serve those over the age of 21. Today, ‘tap scratches’ allow patrons to relax and play simple games of chance while downing a common cocktail.
But Stop Predatory Gambling, a lobbying company based in Washington, DC, has effectively convinced the Idaho home State Affairs Committee to push a bill to a floor to overturn the six-year-old law.
Authored collectively by the committee, House Bill 28 explains, ‘TouchTabs Lottery machines run with no paper lottery entry ticket just like a slot device, which is forbidden by the Idaho Constitution.’
The Affairs Committee passed HB 28 by a vote of 10-5. It now makes its solution to the Idaho House flooring for continued consideration.
Stop Predatory Gambling is one of the leading anti-gaming teams in the country. In 2015, its national director, Les Bernal, testified before A united states House committee on the risks of online gambling enterprises.
Interactive gambling companies denounce claims from their detractors that casino websites cannot be secured, also adequately protected from minors and problems gamblers wanting to access the games. And critics like Bernal get creative when coming up with their case.
John Kindt, a teacher at the University of Illinois School of Law and an opponent that is longtime of gambling, arrived up with the nifty taglines, ‘Click your phone, lose your house,’ and ‘Click your mouse, lose your house.’
This week in Idaho, Boise State Professor Jonathan Krutz, who serves on the Step Predatory Gambling Board of Directors, arrived up together with his very own way that is clever describe the lottery’s touch scratch machines.
In a headline-making description, the anti-gaming activist said, ‘The difference between these machines and paper pull tab machines could be the distinction between caffeine and cocaine.’
On his Boise State University website, Krutz lists ‘gambling studies’ as one of his primary research interests.
Should HB 28 make its way through Idaho’s legislature in order to find its means into law, the impact that is financial of the touch gaming machines from bars will mostly influence hawaii’s education system.
Tax revenue generated from the tavern gaming devices goes to public schools, as well as the state’s permanent building investment. Nevertheless, Krutz contends the fallout that is financial be minimal. According to the Spokesman-Review, a daily newsprint covering eastern Washington and elements of Idaho, the state’s take from the electronic machines was just about $3 million year that is last.
The typical machine collected on average about $7 per 60 minutes over the past 12 months though the machines are capable of playing 1,200 bets per hour.
Indiana Casinos’ Uncommon $3 Admission Tax may be Headed for Exit Soon
Indiana gambling enterprises might soon be permitted to eliminate the $3 admission cost per patron they’re presently forced to impose on site visitors. That is the news that is good. The bad news is that the state is looking to impose an additional three percent wagering tax on operators for the state’s 10 riverboats and one land-based casino. Indiana is also home to two racinos.
Governor Eric Holcomb, Vice President Mike Pence’s successor in the Hoosier State, is keeping a more mind that is open it comes to Indiana casinos. (Image: Michael Conroy/Associated Press)
Indiana presently imposes a tax of between 15 and 40 percent on gambling enterprises, depending on the total gaming income that is gross.
Introduced by State Rep. Todd Huston (R-District 37), House Bill 1350 ‘changes the riverboat admissions taxation up to a wagering that is supplemental of 3 % of a riverboat’s modified gross receipts.’
More importantly, if the bill become law, local communities in Northwest Indiana and throughout their state stand to receive less in the manner of circulation dollars produced from the casinos. Indiana currently delivers about $48 million annually to governments that are regional but Huston’s bill would reduce those expenditures by roughly $18 million.
Local communities gather the admission tax, but will have to bet on increased gaming profits and the additional three % taxation to cover their entrance charge losses.
Increased Patrons, Increased Gambling?
Huston is touting his legislation being a way to encourage casinos to purchase their properties.
Huston wants the riverboats and racinos to elevate their game so to talk, in order to better compete with neighboring casinos in other states. Northwestern riverboats create a big chunk of the income by marketing towards the Chicago demographic, but Illinois lawmakers are deliberating a bill to expand gambling.
‘ We have to recognize that people’re not the game that is only town anymore,’ Huston told The Times, the second-largest paper in Indiana.
Raising taxes isn’t typically regarded as ways to inspire businesses, but the state lawmaker believes ridding the $3 entry cost will increase foot traffic and gaming that is overall. However, statistics never necessarily support the recommendation. Increased admissions does not directly correlate to increased gaming.
The days points out that the Blue Chip Casino in Michigan City ranked second in the state last year in admissions, but came in fifth altogether wagering taxes.