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State of the Union: New York, New York; bills tweaking betting in NJ and NC, more
Summary
Welcome to iGB’s State of the Union, where we review the latest significant sports betting developments across North America. This week, New York senator Joe Addabbo has introduced new gambling-related bills targeting unregulated platforms and expanding digital wagering licences. Additionally, updates emerged regarding major casino bidders in NYC, changes at BetMGM, and other legislative actions affecting the gambling landscape in several states.
Key Points
- New York’s Senator Joe Addabbo filed bills aiming to ban unregulated sweepstakes platforms and expand digital wagering licences.
- A significant sum of money was spent by bidders for downstate casino licences in New York, highlighting the competitive landscape.
- BetMGM announced layoffs due to slow growth in the online betting sector.
- New Jersey is moving forward with legislation that bars colleges from partnerships with sports betting companies.
- North Carolina’s legislature is considering allowing taxpayers to deduct gambling losses on their tax returns.
- YouTube is implementing stricter policies against promoting unregulated gambling content.
Why should I read this?
This article is essential for anyone interested in the evolving landscape of sports betting in North America. It highlights legislative changes, industry movements, and significant investments affecting the gambling market, providing crucial insights for industry stakeholders and casual followers alike.
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