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Delaware Multi-Operator Sports Betting Proposal Clears First Committee
A bill to create a competitive sports betting market in Delaware cleared its first hurdle, passing the Delaware General Assembly’s House Administration Committee. House Bill 365 (HB 365) now sits with the House Appropriations Committee, which must consider the proposed legislation within twelve legislative days. Introduced by Rep. Franklin Cooke in April and backed by […]
Slots Jackpots Under $5,000 to Become Exempt From Tax Withholding—Proposed IRS Rules
Tax withholding on slot machine jackpots is a common frustration for US casino gamblers, but a proposed change to IRS rules would make it rarer by raising the threshold to $5,000. Commissioner Danny Werfel expressed support for a recent IRS Advisory Council recommendation to increase the maximum win before automatic withholding kicks in. Werfel made statements […]
Illinois Legislature Fast-Tracks Bill Prohibiting Wagering on Family Amusements
Illinois lawmakers have amended an existing bill to include an act to ban arcades from facilitating wagers on amusement games after initially missing the deadline for new legislation. This last-ditch maneuver to piggyback the Family Amusement Wagering Prohibition Act (FAWPA) on other legislation could make Illinois the first state to take a stand against the […]
Virginia Governor Vetoes Skill Games Bill — Override Unlikely
A May 17 gubernatorial veto of Virginia’s skill games bill means the machines remain illegal. The veto will likely stay in place because lawmakers in the House don’t appear to have the required two-thirds majority to overturn it. So, Gov. Glenn Youngkin‘s decision means the law surrounding the unregulated machines will remain in place. That […]
New York Gaming Regulators Omit Downstate Retail Casino License Process Update
New Yorkers tuning into the May 20 New York State Gaming Commission (NYSGC) meeting for updates on the downstate retail casino license timeline may have been disappointed. NYSGC Executive Director Robert Williams didn’t address the topic, despite Assembly and Senate lawmakers introducing bills on May 17 that would speed up the licensing process. Residents of the […]
Addabbo Polls Constituents About Legalizing Online Casinos, Prostitution
If New Yorkers thought online casino legalization advocacy was all they would hear about from state Sen. Joseph P. Addabbo Jr., they found out just how wrong they were on May 17. That’s the day that the legislator emailed his constituents a poll asking about their thoughts on four pieces of legislation. One bill was […]
New York Retail Casino Licenses Could Be Awarded Faster, If Bill Passes
The process of awarding downstate New York retail casino licenses may resume soon. On May 17, state Sen. Joseph P. Addabbo Jr. introduced SB9673 for that purpose. That’s potentially important to the state’s online casino effort, as Gov. Kathleen C. Hochul has indicated that she’s not interested in discussing that possibility until the downstate licensing issue […]
New York Legislators Working on Downstate Retail Casino License Solution
With 13 days left in the legislative session, New York lawmakers are building a bill designed to end the impasse on the downstate retail casino license process. State Sen. Joseph P. Addabbo Jr. told Bonus on May 15 that he believes this is the “biggest” legal gambling expansion measure the Assembly and Senate may be […]
CFTC’s New Gaming Definition Will Prohibit Speculating on Elections, Sports, Awards
The Commodity Futures Trading Commission (CFTC) has proposed clarifying its rules for event contracts in a way that would ban derivatives based on political contests, athletic competitions, and awards. If enacted, the change will leave those seeking to hedge the outcome of US elections and companies eager to offer those political markets in the cold. Likewise, […]
Addabbo Calls May 14 Meeting About New York Legal Gambling Expansion
So far, his New York online poker bill isn’t on the agenda for the May 14 meeting state Sen. Joseph P. Addabbo Jr. scheduled. However, considering he’s the chairman of the Senate Racing, Gaming, and Wagering Committee and SB9226 is his proposal, the body will probably discuss that form of legal gambling expansion. Addabbo, D-Woodhaven, […]
