Texas received three fantasy that is daily (DFS) bills in quick succession this week, each aimed at legalizing and developing a framework of regulation for the competitions.
Texas Attorney General Ken Paxton sparked a lawsuit when he opined that daily fantasy sports had been illegal under state law. A triple-pronged legislative approach from Representative Richard Raymond hopes to challenge that opinion.
The state missed down on the DFS legislation trend that appeared in the dockets of legislatures across the country in 2016 as a result of the fact that its session that is legislative is, however it is apparently getting back together for lost time.
Each one of the three bills is sponsored by State Representative Richard Raymond (D-Laredo). His co-sponsors vary, as does the language of each bill, although they also chime in on numerous things.
As a body of legislation, the three bills address the key preoccupations of legislators across the United States, from player protections and operator registration fees, to the segregation of player funds. Curiously, though, one bill ignores the latter point that is somewhat crucial. Likewise, two bills would define DFS as games of skill, while one would not bother.
Representative Raymond is actually hedging his wagers.
The Letter of regulations
Raymond stated he hoped his triple-pronged approach would ‘clarify a confusing and law that is ambiguous affirm that dream sports are appropriate in Texas.’
He told the Texas Fantasy Sports Alliance that ‘the government ought not to be limiting the freedom of Texans to participate in fantasy sports contests, which are clearly a game of skill, not opportunity.’
Texas became a legal battleground for DFS when, in January 2016, Texas AG Ken Paxton deemed the contests to be illegal games of opportunity under Texas law.
He said it was ‘beyond reasonable dispute that daily fantasy leagues involve a component of opportunity regarding just how a selected player will perform on game time.’
‘Paid daily fantasy activities operators claim they are able to legally operate being an unregulated household, but none of their arguments square with existing Texas law,’ he added.
‘Simply put, it is prohibited gambling in Texas if you bet on the performance of the participant in a free pokies no downloads no registration sporting event and the house takes a cut,’ Paxton concluded.
DraftKings Sues Texas AG
FanDuel quickly pulled out of the Texas market, but DraftKings, which possessed a sponsorship deal with the Dallas Cowboys, dug its heels in and sued Paxton.
DraftKings claimed his opinion had jeopardized the cowboys to its relationship and that many Texans had closed their accounts as a result of his statement. The company’s lawyers asked the judge to clarify that DFS had not been illegal in Texas.
Paxton said the situation should be dismissed because his sovereign immunity protected him from lawsuits.
‘This lawsuit reflects a company’s effort to protect its chosen business model: profiting from compensated online fantasy that is daily in Texas,’ he said.
The case is ongoing.
Tiger Woods Shanks His Return, Oddsmakers Drop Confidence
The Tiger Woods comeback that lots of in Las vegas, nevada were betting on hasn’t exactly taken off as fans and gamblers had hoped.
Padraig harrington has lost control of his round of golf, and Las vegas, nevada bettors are slowly hope that is losing of comeback for the former great. (Image: Francois Nel/Getty Pictures)
The 14-time major winner returned to golf’s main stage last week in California at the Farmers Insurance Open after 17 months away from formal PGA Tour action. Their encore ended up being short-lived, however, as Woods shot 76-72 to miss the cut by four shots.
Las vegas sportsbooks gave Woods a 30-1 chance of winning that tournament. And he would’ve won, had the 109 players who played better than he not shown up.
His 2nd tournament in as numerous weeks, tennis’s 2nd all-time winner that is major in Dubai this week for the Omega Desert Classic. The Westgate SuperBook gave him 40/1 odds of winning, and sold bets that are moneyline him merely making the cut (Yes -140, No +120), and finishing in the top 20 (Yes +300, No -360).
It might have been difficult to imagine a worse performance in his week that is second back. And these are ‘back,’ Woods’ often injury-prone back forced him to withdrawal after one round in which he shot a dismal 77.
Woods’ agent Mark Steinberg told reporters, ‘He went into a spasm in his back after dinner. He tried to work it out yesterday. He had therapy started pretty early this early morning . . . but they can not get the spasm worked out.’
Tiger’s dropping out of the Dubai competition additionally nullifies numerous prop bets oddsmakers paired with Sunday’s Super Bowl LI. Lines like ‘Tiger Woods bogeys that are fourth-round) vs. Falcons quarterback Matt Ryan total touchdown passes’ had to be scrapped.
What is in a Name?
Woods was the absolute most force that is dominant golf for some two decades. He won 79 times on the PGA Tour and his 14 majors trails on Jack Nicklaus’ 18.
Today, a brand new crop of young and budding talent rules golf. Woods hasn’t won a tournament since the 2013 Bridgestone Invitational, and his last major was the United States Open in 2008.
But Vegas continued to rely on Tiger. However, after his performances that are recent or absence thereof, bettors are beginning to pull away.
Jeff Sherman, the oddsmaker for Westgate, stretched chances of Tiger winning the Masters from 25/1 to 50/1 after the Dubai debacle. Considering he’s currently ranked an ironic #666 in the globe, and containsn’t even made a PGA Tour cut since of 2015, those odds are still relatively strong august.
‘Remove the title Tiger Woods and you have a 200/1 golfer,’ Sherman tweeted this week. ‘ Leading the ticket money and count modifications that.’
Tiger did more for the sport of golf than perhaps some other player in the past reputation for the game. PGA Tour events give away over $1 million checks almost to the winner every Sunday, as purses ballooned through the Woods age of dominance.
Golf, and sportsbooks, would love to have him straight back. Tv ratings soar when Woods is in the mix, and sports wagers skyrocket.
‘A competitive Tiger is exceptional for handle and props,’ Sherman concluded.
Idaho Bar-Based Lottery Machines In Danger After Anti-Gambling Group Crusade
Idaho Lottery gambling machines commonly found in bars and taverns distribute over the northwestern US state could soon disappear from the watering holes after a group that is anti-gaming persuaded some state lawmakers to rethink their locations.
They look innocent enough, but Idaho Lottery gambling machines in drinking sports are increasing problem gambling, at least based on one critic. (Image: Otto Kitsinger/Associated Press)
The Gem State, known for its abundance of natural resources, is additionally known to have gaming that is touchscreen near the counters of local bars and drinking establishments. Though Idaho has gaming that is tribal commercial casinos remain outlawed.
The state legislature in 2011 granted the Idaho Lottery with the straight to place lottery machines inside businesses that serve those older than 21. Today, ‘tap scratches’ allow patrons to try out simple games of chance while downing their favorite cocktail.
But Stop Predatory Gambling, a lobbying organization based in Washington, DC, has successfully convinced the Idaho home State Affairs Committee to push a bill to the ground to overturn the six-year-old law.
Authored collectively by the committee, House Bill 28 explains, ‘TouchTabs Lottery machines operate with no paper lottery entry admission the same as a slot machine, which is forbidden by the Idaho Constitution.’
The Affairs Committee passed HB 28 by a vote of 10-5. It now makes its method to the Idaho home floor for continued consideration.
Stop Predatory Gambling is certainly one of the leading groups that are anti-gaming the nation. In 2015, its director that is national Bernal, testified before A united states House committee on the dangers of online gambling enterprises.
Interactive gambling companies denounce claims from their detractors that casino websites cannot be secured, also adequately protected from minors and problems gamblers wanting to access the games. And critics like Bernal get creative when creating their case.
John Kindt, a professor at the University of Illinois School of Law and a longtime opponent of online gambling, arrived up with the nifty taglines, ‘Click your phone, lose your property,’ and ‘Click your mouse, lose your house.’
This week in Idaho, Boise State Professor Jonathan Krutz, who serves on the Step Predatory Gambling Board of Directors, came up with his very own clever option to describe the lottery’s touch scratch machines.
The anti-gaming activist stated, ‘The difference between these machines and paper pull tab machines is the difference between caffeine and cocaine. in a headline-making description’
On their Boise State University website, Krutz lists ‘gambling studies’ as one of his main research interests.
Should HB 28 make its way through Idaho’s legislature and discover its means into law, the financial impact of stripping the touch gaming machines from pubs will mostly affect the state’s training system.
Tax revenue generated from the tavern gaming devices goes to public schools, as well as the state’s permanent building fund. However, Krutz contends the fallout that is financial be minimal. According to the Spokesman-Review, a daily newsprint covering eastern Washington and parts of Idaho, the state’s take through the electronic devices was only about $3 million this past year.
The typical machine collected on average about $7 per 60 minutes over the past 12 months though the machines are capable of playing 1,200 bets per hour.
Indiana Casinos’ Unusual $3 Admission Tax may be Headed for Exit Quickly
Indiana casinos might be allowed to soon eliminate the $3 admission fee per patron they’re currently forced to impose on visitors. That’s the good news. The bad news is that the state is looking to impose an additional three % wagering tax on operators of this state’s 10 riverboats and one casino that is land-based. Indiana is additionally house to two racinos.
Governor Eric Holcomb, Vice President Mike Pence’s successor in the Hoosier State, is keeping a more mind that is open it concerns Indiana casinos. (Image: Michael Conroy/Associated Press)
Indiana presently imposes a tax of between 15 and 40 percent on casinos, depending on their total gross video gaming income.
Introduced by State Rep. Todd Huston (R-District 37), House Bill 1350 ‘changes the riverboat admissions tax to a supplemental wagering tax of 3 per cent of a riverboat’s modified gross receipts.’
More importantly, should the bill become law, local communities in Northwest Indiana and throughout the state stand to receive less in the way of circulation dollars produced from the casinos. Indiana presently delivers about $48 million annually to regional governments, but Huston’s bill would reduce those expenditures by roughly $18 million.
Local communities collect the admission tax, but would have to bet on increased gaming profits and the extra three percent tax to pay for their entrance charge losses.
Increased Patrons, Increased Gambling?
Huston is touting his legislation as being a way to encourage casinos to purchase their properties.
Huston wants the riverboats and racinos to elevate their game therefore to talk, in order to better compete with neighboring casinos in other states. Northwestern riverboats create a large chunk of these earnings by marketing towards the Chicago demographic, but Illinois lawmakers are deliberating a bill to expand gambling.
‘ We now have to identify we’re not the only game in town anymore,’ Huston told The Times, the second-largest newspaper in Indiana.
Raising taxes isn’t typically seen as a way to inspire businesses, but the state lawmaker believes ridding the $3 entry cost will increase foot traffic and general gaming revenues. However, data never support the suggestion necessarily. Increased admissions does in a roundabout way correlate to increased gaming.
The occasions points out that the Blue Chip Casino in Michigan City ranked second in the state last year in admissions, but came in fifth altogether wagering taxes.