Gambling news

Understanding gambling addiction, MIT News

Odds are that you imagine gamblers as people simply trying to get lucky and win a big payoff. But when Natasha Schull, an associate professor in MIT’s Program in Science, Technology, and Society (STS), began researching the lives of gamblers in Las Vegas, she found a very different motivation at work. Take, for instance, Mollie, a mother and hotel worker who compulsively played video poker, running through her paychecks in two-day binges, and cashing in her life insurance to get more money to play. “The thing people never understand is that I’m not playing to win,” Mollie told Schull. Instead, Mollie’s goal was to enter a state of total gambling immersion: “to keep playing — to stay in that...

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Ireland to increase gambling tax on turnover European Gaming Industry News

The Republic of Ireland is planning to double the existing gambling taxes in its bid to increase the tax revenue. The current tax rate on betting turnover is 1 per cet, and the government is going to increase it to 2 per cent. The country’s finance minister Paschal Donohoe is expected to announce the new tax regime while unveiling fiscal plan on October 9. While gambling tax revenues form a small portion of the estimated €3.4b budget, the rate raise is likely to bring more revenue to the state, which can be utilised to fund programmes directed to mitigate problem gambling behaviour. While the government’s budget will be subject to further debate by legislators, the proposed tax hike...

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71% of Florida Voters Support Amendment 3 Voter Control of Gambling Amendment unites Floridians, Business Wire

ORLANDO, Fla.--( BUSINESS WIRE )--A new poll shows that 71 percent of likely Florida voters support Amendment 3, which would require voter approval of casino gambling decisions. Only 18 percent of the 1,209 voters surveyed between July 18 and 24 said they would vote against Amendment 3. The remainder was undecided. Support is strong across all age ranges, all demographic groups, all political parties and all regions of the state. The poll was taken by Hill Research Consultants, and the findings are summarized in this memorandum ( Amendment 3 Research Findings ). “We start in a uniquely strong position,” said John Sowinski, president of Voters in Charge, which is behind Amendment 3. “The...

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UK’s Gambling Commission orders gambling companies to do away with unfair cash withdrawal restrictions European Gaming Industry News

The UK’s Gambling Commission has specifically ordered online gambling businesses to remove unfair restrictions placed on users from withdrawing money from their gambling accounts. The commission warned that it will take action against the companies if this order is met. The CMA has published enforcement action against two gambling companies, both of which have now pledged to make changes that ensure customers are not unfairly prevented from withdrawing their money. All gambling firms are now required to adhere to the standards set out by the CMA. Paul Hope, Executive Director at the Gambling Commission, said: “We are committed to raising standards for consumers in the gambling sector to...

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More Singaporeans are gambling: Survey, Singapore News & Top Stories - The Straits Times

More Singaporeans are trying their luck at games such as 4D and Toto, according to the latest survey by the National Council on Problem Gambling released yesterday. The 2017 survey found that 52 per cent of the Singapore citizens and permanent residents (PRs) aged 18 and above polled said they had gambled in the past year, up from 44 per cent in the 2014 survey. The increase is statistically significant, said the council, which has conducted the survey of 3,000 people every three years since 2005 to find out the extent and pattern of gambling here. Council member David Chan, a psychology professor, said the rise was due mainly to more people betting on 4D and Toto, and gambling socially,...

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All bets are on: Gambling, tech firms scramble for foothold in sports betting,

ATLANTIC CITY, N.J. (AP) -- The anticipation of legal sports gambling throughout the United States has prompted a flurry of deals among gambling and technology firms who want a foothold in a market worth billions. Casinos, race tracks, daily fantasy sports companies and others are itching to offer bets in person and online after the Supreme Court ruled Monday that states could begin allowing wagers. That's led companies all over the world to seek ways to team up. Some casinos need mobile apps or someone to set lines and run sports books that operate much differently than slot machines and table games. Many tech firms, daily fantasy sports companies and others need gambling licenses and...

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Sports Gambling 101: What might our future of legalized betting look like? The Mercury News

First, it was legalized weed, now it’s sports gambling. What’s next, prostitution? The U.S. Supreme Court’s decision to strike down a federal ban on legalized pro and college sports betting raises lots of questions. First off: When can people start legally losing dough over garbage time buckets and controversial penalty flags? The answer: Probably not for at least two more years here in California. The Supremes ruled 6-3 that the 1992 Professional and Amateur Sports Protection Act was unconstitutional because it overstepped states’ rights to regulate themselves. So regulate away, you quasi-united states. After talking to Bay Area legal scholars, we’re setting 100-1 odds that this process...

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Supreme Court strikes down law against sports gambling -

The Supreme Court on Monday struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states, giving states the go-ahead to legalize betting on sports. The Supreme Court ruled to strike down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game. One research firm estimated before the ruling that if the Supreme Court were to strike down the law, 32 states would likely offer sports betting within five years. "The legalization of sports gambling requires an important policy choice, but the...

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Supreme Court: Betting, gambling no longer banned; rules Professional and Amateur Sports Protection Act unconstitutional today - CBS News

The Supreme Court has struck down a federal law that bars gambling on football, basketball, baseball and other sports in most states today. The decision gives states the go-ahead to legalize betting on sports. The Supreme Court on Monday struck down the Professional and Amateur Sports Protection Act. The 1992 law barred state-authorized sports gambling with some exceptions. It made Nevada the only state where a person could wager on the results of a single game. CBS News' Jan Crawford reports that the the justices agreed 7-2 that the federal ban was unconstitutional, and that states have the authority to decide whether to offer legal sports betting. Justices Ruth Bader Ginsburg and Sonya...

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Sports gambling status in every state after Supreme Court ruling

Your state-by-state guide to sports betting in light of Supreme Court ruling While the U.S. Supreme Court on May 14 opened the door for sports betting to become legal, it may be at least a year before that occurs in most states, a gaming industry expert said. "Broadly speaking, you’re looking at a few distinct waves" in how states will proceed, said Chris Grove, who oversees the sports betting practice of Eilers...

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