Online Gambling Growing Pains inwards Worldwide
? This week we have got gambling news from Massachusetts, where violations of sports betting regulations abound! Plus, online gambling news from Ohio, where the fines are flying. And then sports betting news from New York, where the operators are starting to push back!
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?Video Chapters:
▪️ 00:00 – Welcome to TWiG: http://www.ThisWeekInGambling.com
▪️ 00:45 – The Growth of Gambling and Online Gambling
▪️ 01:27 – Growing Pains for Online Gambling
▪️ 01:50 – Massachusetts Sports Betting Issues
▪️ 02:10 – Ohio Sports Betting Issues
▪️ 03:37 – Deadly Outlaw Online Slot
▪️ 04:03 – New York Sports Betting Tax
▪️ 05:18 – terminate Tag
Massachusetts Sports Betting:
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The Gaming Commission says that since regulated wagers went live on January 31st, there have got been three casinos within the state which have got run afoul of Massachusetts sports betting: regulations for inwards-state college games. After three Massachusetts sports betting violations inwards less than two weeks, the Gaming Commissioner stated that they don’t know what the volume will be just yet, but they believe that these sorts of violations are routine.
Barstool and DraftKings Fines inwards Ohio:
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Ohio sports betting has only been up and running inwards the state since January 1st, but already we’ve seen huge fines for DraftKings and Barstool Sports inwards Ohio. All together, the Ohio Casino Control Commission has collected $900,000 inwards fines just this year for a variety of violations. firstly, the DraftKings fines stem from a direct post campaign inwards the state which ended up being sent to some young adults under the legal gambling age. The Barstool Sports fine for holding a live case just outside of the University of Toledo’s football game stadium, which violated rules on advertising near a college campus, and for targeting those under 21 years of age.
New York Sports Betting Tax number:
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When New York sports betting was passed with a 51% tax rate, we knew it would Pb to problems. Now, both DraftKings and FanDuel New York are saying they could abandon the market if that tax rate isn’t lowered to something more realistic. The CEO of DraftKings, Jason Robins, described the situation as “unsustainable” while speaking at a recent joint legislative hearing. He pointed out that while the tax rate is already the highest inwards the nation, it’s l-l worse than it appears since fees and licensing create the state’s effective tax more than 70%.
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