On July 9, 2021, the New York State Gaming Commission (the “Commission”) released a Request for Applications (“RFA”) for mobile sports wagering platform providers. The RFA is based upon the statutory requirements that the Commission must follow, including a competitive bidding process and the award of licenses to at least two Mobile Sports Wagering Platform Providers and four Mobile Sports Wagering Operators.
Mobile Sports Wagering Platform Providers must fully integrate the Operator’s wagering system into the platform, accept and register all wagers, generate all electronic wagering tickets, compute wagering and payoffs, maintain records of all wagering activities and generate and/or submit to the Commission all required reports.
Continue reading “Start Spreading the News – New York Releases Sports Wagering Request for Applications”
On April 23, 2021, Florida Governor Ron DeSantis signed a thirty-year gaming compact with the Seminole Tribe of Florida (the “Tribe”) that is intended to bring sports wagering, craps, and roulette to the Sunshine State. The compact, which the Governor’s office hailed as, “Larger and more expansive than any other gaming compact in U.S. history,” is projected to bring Florida over six billion dollars in revenue over the next decade.
The compact will permit the Tribe to offer sports wagering directly at its seven casinos and through a mobile platform. Moreover, the Tribe may also offer branded sports wagering through the kiosks or mobile applications of partnering Qualified Pari-mutuel Permit Holders, which include horse tracks, jai-alai frontons, former dog tracks, cardrooms, and slot machine facilities. Further, the compact permits Qualified Pari-mutuel Permit Holders to relocate, although the Tribe must approve certain moves. However, by requiring that all sports wagering servers be on tribal land, all retail and mobile wagering will be deemed to be conducted by the Tribe at tribal facilities.
Continue reading “Sports Wagering and Expanded Gaming Headed to Florida”
The number of sports wagering licenses in Maryland may ultimately reach the triple digits after House Bill 940 was overwhelmingly approved by both chambers of the legislature on the last day of the state’s 2021 legislative session. Surrounded by four states and the District of Columbia, which all offer live wagering, the legislature continued its game of catchup by passing the bill as an emergency bill, which will allow it to take immediate effect upon the signature of Governor Larry Hogan. With a House vote of 122-16 and a Senate vote of 47-0, the expansive legislation creates opportunities for land-based licenses at in-state casinos, racetracks, professional sports stadiums, State Fairgrounds, simulcast betting facilities, bars, and restaurants and also for mobile licenses. Continue reading “Maryland Legislature Passes Sports Wagering Bill with Expansive Licensing Opportunities and Targeted Support for Women and Minorities”