State Representatives Want to Review Sports Betting ArrangementsState Representatives Want to Review Sports Betting ArrangementsGiphy GIFGiphy GIF

State Representatives Want to Review Sports Betting Arrangements

Since it began four years ago, the movement to legalize online sports betting has seemed virtually unstoppable. Recently, however, some of the momentum has slowed.
A prominent state senator from New York introduced legislation to limit some of the promotions that gambling companies use to entice new bettors.
One clause designated 80% of the tax proceeds from sports betting for the possible construction of a professional sports stadium in Kansas.
According to Brianna Johnson, a spokeswoman for the governor, Governor Kelly acknowledges that the stadium fund and other provisions of the sports betting legislation could be improved.
Other Kansas lawmakers declared their intention to introduce legislation to stop the barrage of free bets that casinos offer to lure in new customers.
Kansas allowed the deduction of such promotions, including offers of ostensibly risk-free bets, from businesses' taxable revenue.
Since there have been so many promotions, some major sports betting companies have not paid taxes on wagers placed via mobile in the state as of October.
In an interview, Mr. Harckham, who cited The Times reporting as inspiration for his bill, said that while he still supported legal sports betting, he thought some of the industry's promotions were predatory.
According to Mr. Harckham, you are constantly bombarded with offers for free bets when you turn on the radio or any sporting event.
Mr. Blumenthal wrote in his letter to Caesars that it is unacceptable to target young people with this potentially addictive activity, some of whom are not of legal age to participate.
Sports wagering advertisements should not be directed at young people, and Caesars cannot continue to intentionally market to college-aged students.
An executive from BetMGM named Matt Prevost stated at a conference late last month that the direct involvement of our industry with universities is sort of a no-fly zone for us.
We just don't think it's good for the brand to see our brand advertised on a perimeter board at a college basketball game where 25% of the spectators are underage.
Professor of environmental economics and member of MSU's University Council Satish Joshi said at the meeting that it ...
..."kind of puts MSU in a very poor light and basically argues that MSU is actively promoting gambling to students."
She said, "I'm trying to understand how these contracts operate."
The issue was Penn's relationship with Barstool and its founder, David S. Portnoy, and I do understand that this is an environment that is rapidly evolving and has been presented to universities like MSU.
He and Barstool are paid to advertise the vodka drink High Noon, and he did so while sitting on an outdoor stage with other Barstool personalities and cans of the beverage.
Ms. Judd-Stein contrasted Penn's statements to the gambling commission with the methods detailed in the articles, asking if they were sincere.
We have a responsibility to reconcile what is very publicly available about Barstool and really the significant personality ...
...attached to Barstool with what we're going to do about it as we consider this application, she continued.
Reporting was contributed by Alexandra Tremayne-Pengelly, Andrew Little, Elizabeth Chrissa Sander, and Anna Betts.