Tag: Sports Wagering

VN Conference: Sports Venues Prep for Betting Spaces in Their Buildings

The panel on in-venue sports betting Tuesday at the VenuesNow Conference, moderated by Marcus DiNitto, managing editor of BetIndiana. A panel of insiders on the sports betting experience in-venue weighed in on the trend at the 2019 VenuesNow Conference in New York.  Scott Butera, president of interactive gaming for MGM Resorts International, said that the pace has been a little slow as teams, leagues and state governments work through the regulations for sports betting at arenas and stadiums but that there are signs of momentum for the activity. “It’s important to do it right,” Butera said. “The issue for us is trying to get states to adopt a model that we think makes sense and can maximize revenues for everyone involved, where you have a lower tax design, reasonable licensing fees and open competition to get in the market. Those are all very important things.” New Jersey has been at […]

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Teams, Venues Getting Ready to Place Their Bets

At Capital One Arena, the old Greene Turtle Sports Bar & Grille will become a sportsbook and restaurant. (Courtesy Monumental Sports & Entertainment) As some states work out sports wagering laws, arenas and stadiums make plans The sports betting landscape is gradually taking shape across the arena and stadium industry. One year after the U.S. Supreme Court overturned the Professional Amateur Sports Protection Act, teams and facilities are working through all the regulations of their respective states and leagues. For those whose states make sports wagering legal, they want to be ready to capitalize on a new revenue source and offer a new amenity for their fans. To date, 11 states plus the District of Columbia have legalized sports betting with various restrictions, depending on the state. In Washington, the district approved the measure in December, allowing four sports venues to develop sports books — Capital One Arena, Nationals Park, Audi Field […]

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