Author: zohar-xlm

On Donnybrook Next Up, the panel is joined by Robert Linnehan, Regulatory Writer and Editor at XLMedia, to discuss the current effort in the Missouri General Assembly to legalize sports betting.

The latest bill is 24 pages long, with the addition of betting on college sports back again. Tax gambling operators would pay the state a 14%, up from the 9% in the previous bill. Sponsors of this bill, including Guilford County Democrat Ashton Clemmons, said support among lawmakers is also up. “I believe we have much stronger support. As of last night, there were already 52 co-sponsors, I believe on the bill. And we still have through the rest of today,” Clemmons said.

Kansas City expects the Big 12 Men’s and Women’s Championships to bring $21 million in economic impact to the metro. Then two weeks later the NCAA’s Sweet 16 and Elite 8 games in the Midwest Regional will also be hosted at T Mobile Center. Starting Wednesday, areas around T Mobile and Power and Light will be filled with fans from across the Midwest watching some of the games on the big screens before they maybe head into their session. But if they want to place a bet they have to head over the bridge to Kansas.

US Regulation Update: “After three days of discussions, the Massachusetts Gaming Commission (MGC) has voted to temporarily lift a prohibition on cost-per-acquisition (CPA) and revenue-share agreements between third-party marketing affiliates and licensed sports-betting operators.

Affiliates will now be allowed to apply for a waiver to enter into revenue-share and CPA deals through April 14, while the MGC studies the issue and potentially amends the rule permanently.”

Source: Quote from Vixio Gambling Compliance article by Chris Sieroty

A bill to legalize sports betting in Missouri is now on the calendar for debate on the senate floor, indicating senate leadership wants to see it move forward. Debate could begin by the end of the month. Parkville Republican Senator Tony Luetkemeyer introduced the bill. Previous attempts to legalize sports betting in the state of Missouri have failed.

A bill making its way through the Legislature to legalize sports gambling in Minnesota excludes the state’s professional sports teams from gambling licenses, instead giving exclusivity to the state’s tribes. However, that doesn’t mean that teams like the Twins or Vikings can’t get a piece of the action. Sports-betting revenue could still make its way into stadiums in the form of betting lounges and the advertising dollars that come with them, said Robert Linnehan, a sports-gaming regulation expert and editor at XLMedia.