Texas received three daily fantasy sports (DFS) bills in quick succession this week, each aimed at legalizing and developing a framework of regulation for the contests.
Texas Attorney General Ken Paxton sparked a lawsuit as he opined that day-to-day fantasy sports had been illegal under state law. A triple-pronged legislative approach from Representative Richard Raymond hopes to challenge that opinion.
The state missed down in the DFS legislation trend that appeared in the dockets of legislatures across the country in 2016 due to the fact that its session that is legislative is, nonetheless it seems to be making up for lost time.
Each one 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 matters.
The three bills address the key preoccupations of legislators across the US, from player protections and operator registration fees, to the segregation of player funds as a body of legislation. Curiously, though, one bill ignores the latter notably crucial point altogether. Likewise, two bills would define DFS as games of skill, while one would not bother.
Representative Raymond is actually hedging his wagers.
The Letter of the Law
Raymond stated he hoped his triple-pronged approach would ‘clarify a confusing and ambiguous law and affirm that dream sports are appropriate in Texas.’
He told the Texas Fantasy Sports Alliance that ‘the government should not be limiting the freedom of Texans to participate in fantasy sports contests, which are clearly a game of ability, not opportunity.’
Texas became a battleground that is legal DFS when, in January 2016, Texas AG Ken Paxton deemed the competitions to be illegal games of opportunity under Texas law.
He said it was ‘beyond reasonable dispute that daily fantasy leagues involve a feature of chance regarding exactly how a selected player will perform on game day.’
‘Paid daily fantasy activities operators claim they are able to legally operate being an unregulated household, but none of existing Texas law to their arguments square,’ he added.
‘Simply put, it is 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 possessed a sponsorship deal with the Dallas Cowboys, dug its heels in and sued Paxton.
DraftKings claimed his opinion had jeopardized the cowboys to its relationship and that many Texans had closed their accounts as a result of their statement. The business’s lawyers asked the judge to clarify that DFS was not unlawful in Texas.
Paxton stated the full instance should be dismissed because his sovereign immunity protected him from lawsuits.
‘This lawsuit reflects a firm’s attempt to protect its chosen business model: profiting from compensated online daily fantasy sports in Texas,’ he said.
The case is ongoing.
Tiger Woods Shanks His Return, Oddsmakers Drop Self-esteem
The Tiger Woods comeback that lots of in nevada were wagering on hasn’t exactly taken off as fans and gamblers had hoped.
Padraig harrington has lost control of his golfing technique, and Las Vegas bettors are slowly losing hope of the comeback for the former great. (Image: Francois Nel/Getty Photos)
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. His encore had been short-lived, however, as Woods shot 76-72 to miss the cut by four shots.
Las vegas sportsbooks gave Woods a 30-1 chance of winning that tournament. And he would’ve won, had the 109 players who played better than he perhaps not shown up.
Their 2nd tournament in as numerous weeks, golf’s 2nd all-time winner that is major 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 merely making the cut (Yes -140, No +120), and finishing within the top 20 (Yes +300, No -360).
It could happen difficult to imagine a worse performance in his week that is second right back. And speaking of ‘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 in to a spasm in his lower back after dinner. He attempted to work it down yesterday. He had therapy started pretty early this morning . . . but they can’t get the spasm worked out.’
Tiger’s dropping out of the Dubai competition 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 is in a Name?
Woods was many dominant force in golf for some two decades. He won 79 times on the PGA Tour and his 14 majors trails on Jack Nicklaus’ 18.
Today, a brand new crop of young and talent that is budding 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 continued 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, extended the chances of Tiger winning the Masters from 25/1 to 50/1 following 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 still relatively strong.
‘Remove the name Tiger Woods along with a 200/1 golfer,’ Sherman tweeted this week. ‘ Leading the ticket money and count changes that.’
Tiger did more for the sport of golf than possibly virtually any player in the past history of the game. PGA Tour events hand out over $1 million checks very nearly to the champion every Sunday, as purses ballooned during the Woods age of dominance.
Golf, and sportsbooks, would love to have him straight back. Television ratings soar when Woods is into the mix, and sports wagers skyrocket.
‘A competitive Tiger is exceptional for handle and props,’ Sherman concluded.
Idaho Bar-Based Lottery Machines In Danger After Anti-Gambling Group Crusade
Idaho Lottery gambling machines commonly found in bars and taverns distribute throughout the northwestern US state could soon disappear from the watering holes after an anti-gaming group successfully persuaded some state lawmakers to rethink their areas.
They look innocent enough, but Idaho Lottery gambling machines in ingesting sports are increasing problem gambling, at least in accordance with one critic. (Image: Otto Kitsinger/Associated Press)
The Gem State, understood because of its abundance of normal resources, is also known to have gaming that is touchscreen near the counters of neighborhood bars and consuming establishments. Though Idaho has gaming that is tribal commercial casinos remain outlawed.
The state legislature in 2011 granted the Idaho Lottery with the directly to place lottery machines inside businesses that serve those avove the age of 21. Today, ‘tap scratches’ allow patrons to play easy games of chance while downing a common cocktail.
But Stop Predatory Gambling, a lobbying organization based in Washington, DC, has successfully convinced the Idaho House State Affairs Committee to push a bill to a floor to overturn the law that is six-year-old.
Authored collectively by the committee, House Bill 28 explains, ‘TouchTabs Lottery machines run with no paper lottery entry ticket the same as a slot device, which is prohibited 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 certainly one of the best anti-gaming teams in the country. In 2015, its national manager, Les Bernal, testified before A united states House committee on the risks of online casinos.
Interactive gambling companies denounce claims from their detractors that casino websites cannot be guaranteed, along with adequately protected from minors and problems gamblers attempting 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, came up with the awesome taglines, ‘Click your phone, lose your home,’ and ‘Click your mouse, lose your house.’
This week in Idaho, Boise State Professor Jonathan Krutz, who acts on the Step Predatory Gambling Board of Directors, arrived up together with very own way that is clever describe the lottery’s touch scratch machines.
The anti-gaming activist stated, ‘The distinction between these machines and paper pull tab machines is the difference between caffeine and cocaine. in a headline-making description’
On his Boise State University webpage, Krutz lists ‘gambling studies’ as one of his main research interests.
Should HB 28 make its way through Idaho’s legislature in order to find its way into legislation, the financial effect of stripping the touch gaming machines from bars will mostly impact their state’s myfreepokies.com training system.
Tax revenue generated from the tavern gaming devices goes to public schools, as well as the state’s permanent building fund. But, Krutz argues the financial fallout will be minimal. According to the Spokesman-Review, a daily newspaper covering eastern Washington and elements of Idaho, the state’s take through the electronic machines ended up being only about $3 million last year.
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 Quickly
Indiana gambling enterprises might be allowed to soon eliminate the $3 admission cost per patron they’re presently forced to impose on visitors. That is the good news. The bad news is that the state is looking to impose an additional three % wagering tax on operators regarding the state’s 10 riverboats and one land-based casino. Indiana is additionally 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 concerns Indiana casinos. (Image: Michael Conroy/Associated Press)
Indiana presently imposes a tax of between 15 and 40 percent on casinos, based on their total gaming income that is gross.
Introduced by State Rep. Todd Huston (R-District 37), House Bill 1350 ‘changes the riverboat admissions tax up to a supplemental wagering tax of 3 percent 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 created from the casinos. Indiana currently delivers about $48 million annually to governments that are regional but Huston’s bill would reduce those expenditures by approximately $18 million.
Local communities gather the admission tax, but would have to bet on increased video gaming revenues and the extra three per cent taxation to cover their entrance charge losses.
Increased Patrons, Increased Gambling?
Huston is touting his legislation as being a real way to encourage casinos to buy their properties.
Huston wants the riverboats and racinos to raise their game therefore to talk, in order to better compete with neighboring casinos in other states. Northwestern riverboats produce a chunk that is large of earnings by marketing towards the Chicago demographic, but Illinois lawmakers are deliberating a bill to expand gambling.
‘ We now have to acknowledge that individuals’re not the only game in town anymore,’ Huston told The Times, the second-largest newsprint in Indiana.
Raising taxes isn’t typically regarded as a way to encourage businesses, but the state lawmaker believes ridding the $3 entry charge will increase foot traffic and overall gaming revenues. However, data do not fundamentally support the suggestion. Increased admissions does not directly correlate to increased gaming.
The Times points out that the Blue Chip Casino in Michigan City rated 2nd in the state year that is last admissions, but came in fifth in total wagering taxes.