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Sports Betting Congressional Hearing Takewys Chairman Sensenbrenner opens the hearing VideoNFL Weighs In On Sports Betting Regulation at U.S. House Hearing Congress appears to believe it has a role to play when deciding on federal sports betting regulations — at least for now. Thursday’s hearing was with the House Subcommittee on Crime, Terrorism, Homeland Security, and Investigations. Following it, many lawmakers appeared to have walked away with more questions than answers. Posted on September 27, - Last Updated on September 28, by Eric Ramsey. A House subcommittee is tackling the subject of sports betting in a hearing on Thursday morning for the first time since the federal ban was struck down this spring. Legal Sports Report live-blogged the hearing, which started at 10 a.m. Eastern. The parties that are deeply involved in the sports betting sector, including major sports leagues, will have their concerns heard at a congressional hearing that takes place on September This hearing involves the US House Subcommittee on Crime, Terrorism, Homeland Security and Investigations and is taking place in the Rayburn House Office Building. By Taylor Smith in Sports on June 20, 3 Minute Read The House Judiciary Committee announced on Wednesday that a congressional hearing regarding sports betting in the United States initially scheduled to take place on Tuesday, June 26, has been postponed. Now Congress is holding hearings about sports betting in clear defiance of the Supreme Court and the U.S. constitution. At Slots Play Casinos, we keep track of everything that goes on especially in the online casino market but also in everything that impacts an individual citizen of the world’s right to play casino games, sports bet, or do anything in which some financial risk is involved.
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Certainly, one way in which Congress could positively impact legal sports wagering would be to target offshore sportsbook operators as legal sports betting and online gambling sites proliferate at the state level.
The NFL, of course, was one of the litigants in the case against New Jersey , trying to uphold the federal ban. The league would have been better served, in retrospect, asking for federal regulation years ago.
Read her full testimony here. The framing here is the question. People spend money on lots of things, including gambling for entertainment.
Bernal also says that legal operators are in many ways worse than illegal operators, which is a strange take. Certainly, people are losing plenty of money to offshore sportsbooks and casinos — with no recourse from regulations, little or no problem gambling protocols and with a number of other problems.
He certainly believes in his cause, but the genie is not going back in the bottle for either gambling — which is widely legal across the US — or sports betting in particular.
Read his full testimony here. Again as expected, she cites Nevada sports betting as a case study for the industry.
The AGA views this hearing as an opportunity to educate federal lawmakers, and Slane works to do just that. She covers the low margins under which sportsbooks operate, the mechanics of regulation, and the private commercial partnerships that can emerge under a favorable, state-regulated framework.
Moore made an argument that states that are rushing to pass legislation threaten the integrity of sports. Moore says sports betting issues cannot fence into state lines.
The implication here is that states are moving too quickly to pass legislation without understanding the industry. New York and Pennsylvania are still awaiting official regulations to be released before sports betting comes online.
The race truly begins in Last week we speculated that Congress does not have an appetite right now for something big and bold and objectionable, but rather might look to modernize a criminal statute — the Sports Bribery Act — to give it some more bite.
It would have created a federal opt-in sports betting framework. No longer necessary in his view with states carving out their preferred frameworks.
Indeed, all sides share the goal of protecting and preserving integrity — clean games that consumers can trust. He focuses on the sports betting industry and legislation.
He's an avid sports bettor himself, mainly on NFL and college basketball contests. He lives in New Jersey with his family.
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They will argue that sports betting should not be handled any differently. There is also the issue of how sports betting operators are able to use exclusive league data.
For example, the NBA has already partnered with MGM Resorts as its official gaming partner to give it access to official league data as part of their deal.
The leagues are likely to want gambling operators to pay a license fee for access to this type of data, but the AGA thinks that this data should be open and free for all to use as they see fit.
Monopoly situations could be created if only certain operators have partnerships with the respective leagues and are the only ones with access to certain data.
This could lead to the industry becoming uncompetitive, which ultimately would have a negative impact on sports bettors. Another major issue that needs to be discussed any time a new form of gambling is legalized is the impact it might have on levels of gambling addiction, particularly among young people.