gambling

From Texas Standard.

In most parts of the United States, it’s illegal to gamble on sports. Casinos and sportsbooks in Nevada – where it’s legal – took in over $4.5 billion in wagers in 2016 alone.

Now it seems that the NBA wants a piece of the action. The League is asking Congress to legalize sports betting nationwide. According to the NBA proposal, people would be able to place bets on their smartphones or at in-stadium kiosks, and the League would take one percent of every transaction.

Citing "productive" conversations with the NCAA, the daily fantasy sports websites DraftKings and FanDuel have decided to indefinitely suspend all contests on college sports in all states, with both companies saying it is the "best path forward" for the industry.

From Texas Standard:

Texas Attorney General Ken Paxton has vowed to beat the odds and quash online sports gambling. Even if you don't play daily fantasy sports, you've probably encountered the names of the sites: Draft Kings, Fan Duel. They advertise incessantly so you might be tempted to admit that's a measure of their prominence and popularity.

Despite that popularity, those sites may soon be gone from Texas. Paxton says sites that charge players to compete cannot operate legally in the state.


Draft Kings

Texas Attorney General Ken Paxton labels daily fantasy sports leagues operating in Texas “illegal gambling” sites.   

In November, Denton Republican Rep. Myra Crownover requested Paxton’s opinion on whether daily contests put out by companies like DraftKing and FanDuel constitute gambling and therefore violate Texas law.

Why Texas Horse Racers Could Lose State Funding By March

Jan 12, 2016

From Texas Standard:

The race to keep horse racing alive in Texas is on its last leg. The latest battle in the war between the legislature and the industry involves an accusation that Texas is using an unconstitutional maneuver to threaten the viability of racing.

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