Sports Betting Landscape: Regulatory Changes, Threats to Coaches & Market Updates

Published on: March 25, 2024

Updates on Sports Betting Regulations

Ohio is taking stronger action on sports betting after threats were made against the Cavaliers basketball coach, indicating a need for better rules. Governor Mike DeWine gave the Ohio Casino Control Commission more power to ban troublemakers for life, especially those threatening sports figures. Meanwhile, in Massachusetts, Dean Serpa has become the new head of the team that oversees gambling.

New York's senate is thinking about adding more betting options for events like the Super Bowl, including bets on things as simple as the toss of a coin or the color of the sports drink poured on the winning coach. They also want to use 1% of the money made from sports betting to help people with gambling problems, making sure at least $6 million goes toward those services every year.

Bullying and intimidation in the world of sports gambling.

JB Bickerstaff has received threats because of gambling, leading to increased security measures. Dayton coach Anthony Grant also reported that his players were threatened, which could result in those responsible being banned for life from Ohio casinos by the state's Casino Control Commission.

Changes at the Massachusetts Gaming Commission.

Dean Serpa is now in charge of the MGC because Karen Wells resigned. Caitlin Monahan is the new head of the Investigations Enforcement Bureau. These leadership positions are changing as Judd-Stein retires and Jordan Maynard becomes the temporary chair of the commission.

New Markets for Sports Bettors

New York plans to offer new types of gambling.

Coin toss outcomes
Super Bowl prop bets
Award outcomes like Cy Young or NFL’s Walter Payton Man of the Year

They are also promising to fund services that help people with gambling problems.

Rules for Advertising in Louisiana

Shaun Mena, a lawmaker, is working to reduce how much sports betting advertising you see in Louisiana. His idea is to help stop people who might easily get addicted to gambling, especially with a focus during Problem Gambling Awareness Month.

Innovation in Sports Betting

Students from Dartmouth University have started Rebet, a social platform for sports betting that's free to use and encourages user interaction. Instead of making users pay for bets, the platform uses a virtual coin system to generate income, marking a fresh approach in the betting industry.

The Oneida tribe in Wisconsin is increasing their gambling choices.

The Oneida Nation in Wisconsin has started a new app called Oneida Casino Sportsbook that lets people bet on sports from their phones while on Oneida land. The tribe has set up strict rules to make sure gambling is done safely and responsibly.

North Carolina has started allowing betting on sports through mobile devices.

North Carolina has started allowing people to bet on sports using their phones from March 11. This change is part of a bigger trend where more people can bet through their phones.

Current Trends in Sports Gambling Laws

Recent events in the gambling industry have included the Florida Supreme Court choosing not to review a case about sports betting, a proposed law that would require states to seek federal approval to allow betting, challenges in starting sports betting in Washington D.C., a halt in the progress of a sports betting bill in Georgia, and the approval of an online casino bill in Maryland.

The world of sports betting is changing fast as laws change, and new rules are added to keep people safe from bullying. This also means bettors have new places to place their bets. It's important that these changes balance the need for new betting options with making sure gambling stays safe and fair.