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DraftKings to Get in On Sports Gambling

DraftKings to Get in On Sports Gambling

"We don't believe it has a place in this state", said Kohler. Jeff Danielson, D-Waterloo.

Inside Zi's Sports Pub and Eatery, news of the High Court's decision was met with praise. Danielson was among those pushing legislation in 2018 so Iowa was ready for Monday's widely expected outcome.

"There is not an immediate effect of the ruling on Montana".

DraftKings said on Monday it had been preparing in advance of the Supreme Court ruling to launch a sports betting platform and apply for operating licenses in states that move toward legalization.

In statement to ABC-7, Linder said, "We need to work closely with our legislators and regulators to better understand their vision for the state and the potential impacts of legalizing sports wagering".

In 2015, feds shut down beteagle.com, a sports gambling site run by Dominick Brown, of Springfield, and Eric Patten, of Bayonne.

Some states, like New Jersey, West Virginia, and MS, have already passed laws allowing them to set up Las Vegas style sports books in their states. Just because the feds will let Texas legalize sports betting, state leaders, including Gov. Greg Abbott and Lt. Gov. Dan Patrick, are dead set against it.

"It's about time. Let's get this done".

"Pardon the pun, but we face long odds", Danielson said. I don't think the players have any thoughts about that. The Nevada Sports Book won an estimated 249 million dollars previous year, money that if approved, could potentially help the state of IL pay off some debt. States that have already laid the legal groundwork include New Jersey, where one racetrack said it would begin taking bets within two weeks.

The Supreme Court on Monday struck down a federal law that could allow states to legalize sports betting, potentially paving the way for Kentucky to rake in millions on sports bets. It voided the federal Professional and Amateur Sports Protection Act.

FanDuel and DraftKings have lobbied state legislatures, including ME, to create rules that effectively exempt them from the federal law that the Supreme Court just overturned. If sports betting hadn't been included in 2017's expansion, it would likely have meant years of lobbying to get it passed, he said. $1.5 billion in Kansas is bet on sports.

Meanwhile, some Wichita sports fans have found interesting ways to place a bet. "Congress has long-recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events", the National Football League said.

Miller said the rate of taxation will remain a hurdle for any Iowa legislation. But changes are on the way, and the professional leagues and NCAA responded today.

"I know some people think of it as a threat and take our monopoly away but there's others like myself that look at it as an opportunity", said Jay Kornegay, the vice-president of Race & Sports Operations of Westgate Las Vegas. But it likely would add foot traffic to Iowa casinos, including many people who do not now visit them. Meanwhile, an estimated $150 billion is illegally gambled every year in the country.

"I would definitely be interested, I love March Madness too, so I'm sure that would be a huge part, and if it brought money back to Kansas that would be awesome too", said Logan Carter of Wichita.

"The intent with that is to start to really put our toe in the water of returning to sports, even though it's not real", he said.

The ultimate goal is online gambling, he maintains.

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