Home NewsSports Betting Look back on the Week in North America: State of the union

Look back on the Week in North America: State of the union

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Welcome iGB’s State of the Union. Here you can find the most important sports betting news we covered this week, as well as briefs about other stories that we thought were interesting.

NJ Senator proposes an increase in online gambling tax

New Jersey senator John McKeon filed a proposal to increase taxation on digital betting and online casinos. Sports betting platforms and online casinos pay 15% of their gross gaming revenues in state taxes, while online casinos pay only 13%. It is a single line bill that does not mention an effective date, nor any argument in support of the change.

New Jersey’s law mandates that sportsbooks and online casinos be tied to physical locations such as casinos or horse racing tracks. Currently, there are 30 digital sportsbooks and 18 online casinos.

Sportsbook operators prefer a tax of less than 10%. New Jersey would become one of least-favorable places to conduct business if it imposed a 30% tax on all sports betting.

Nine of the 40 US states that allow legal online betting have tax rates of around 15%. Three of these nine are in states where the lottery regulates the industry. Ohio Governor Mike DeWine led the charge last summer to double Ohio’s tax on gambling, from 10% up to 20%.

North Carolina is a hotbed for wagering platforms

North Carolinians have welcomed digital sports betting as well as the NCAA Men’s Basketball Tournament by betting $198.1m during the first week. This coincided with March Madness.

The North Carolina Lottery’s sports betting department revealed that during the first week of the year, betting platforms generated gross wagering revenues of $42.7m and collected $7.7m from the state in taxes.

Sterl Carpenter, deputy executive director of compliance and sports betting in North Carolina, said: “I believe people enjoyed the option to bet on sports.”

Duke, North Carolina, and NC State made it to the Sweet 16 and the 64-team field. However the 1-seed North Carolina lost 89 to 87 to Alabama (4-seed) and was denied the trip to Elite 8. NC State is still the top seed in the tournament. GeoComply reported that 5.4 millions location checks were performed in the 48-hour period following live betting.

MGC limits sports betting sites

The Massachusetts Gaming Commission began its discussion on 28 March after a Wall Street Journal article published 27 March about credit cards and VIP customers and sports betting. It also discussed how to target VIPs, and bettors who may be at risk.

Eileen O’Brien, the Commissioner of Massachusetts’ Department of Gaming and Consumer Affairs (Commissioner Eileen O’Brien), said she also wanted to know what information operators in Massachusetts had provided US Senator Richard Blumenthal who asked for it. Blumenthal also sponsors the GRIT Act which redirects 50 percent of federal excise taxes on sportsbooks to programs that deal with problem gambling and promote responsible gaming.

Boston Herald reports that a consortium of public and private organizations in Massachusetts announced this week it would begin exploring ways to increase awareness on how gambling can be harmful to young people, as well as the associated risks.

According to a release by the office of Attorney General Andrea Campbell, “the ultimate goal is to develop an evidence-based health, education and training curriculum for middle-school, high-school and college-aged students.”

Sports betting and athletes

Two new appointments to NICG

US Department of the Interior secretary Deb Haaland proposed 25 March the appointment of Sharon Avery as an associate commissioner for the National Indian Gaming Commission. The commission supports the economic and sustainable development of Indian Country through tribal gaming.

Avery is a Saginaw Chippewa Tribe member from Michigan. Hovland is a Flandreau Santee Sioux Tribe member in South Dakota. After a 30 day public comment period the appointments will be final.

In February, the NIGC lost its Chairman, Sequoyah SIMERMEY, who abruptly resigned. Less than a month later, he was appointed as a Vice President for Strategic Partnerships at FanDuel.

NCAA proposes to ban prop bets on college athletes

ICYMI for iGB

Georgia legislators fail to legalize sports betting at the close of session

What comes next after the DC sports betting catastrophe?

FanDuel is the driving force behind Flutter’s North American success.

IGA Executive Director: Tribes to drive California betting

Ohtani says he has never bet or wired any money to a bookmaker.

Downstate NY Casino License Decision not Expected until 2025

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