Weekly Update 7-31-17 to 8-4-17

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Maine Legalizes Daily Fantasy Sports

Dustin Gouker of Legal Sports Report tells us that Maine has become the 15th state to legalize daily fantasy sports. It follows a trend in New England, where two-thirds of the states in the region have now regulated DFS.

The state will tax gross revenue at 10 percent. The license fee is only for operators with over $100,000 of revenue in the state. Currently, this only applies to DraftKings and FanDuel. Operators will less than that number may have to pay a smaller fee.

Tribes Back American Sports Betting Coalition (ASBC)

CalvinAyre.com reports that American tribal gaming operators have joined forces with the American Gaming Association (AGA) and the American Sports Betting Coalition (ASBC) in their fight for sports betting legalization.

The National Indian Gaming Association (NIGA) joins the AGA to push for the repeal of the 1992 Professional and Amateur Sports Protection Act (PAPSA).

California Looks to Legalize Sports Betting

Like many other states, California is looking to legalize sports betting if the federal climate changes, according to CardPlayer.com. Assemblyman, Adam Gray, has introduced ACA 18, which would alter the state’s constitution but would still be subject to legislative approval and voter referendum.

Former MLB Commish Says Sports Betting Coming Soon

ESPN’s David Purdum reports that former MLB Commissioner, Fay Vincent, thinks that legalized sports betting is coming soon. Vincent wrote a letter to the New York Times responding to a story about the sale of the Marlins, stating,  “doesn’t report the possibility that legal betting on all major sports is not far off. The anticipated flood of revenue to baseball team owners may explain the price being asked, $1.2 billion.”

 

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