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New Interest Group to Represent Online Gambling in the U.S.

iDevelopment and Economic Association Lately, we have seen a lot of news about the legalization of online gambling in the United States which include the attempt to legalize online gambling in New York.  As the legalization of sports betting and online gambling is making more headway every year, it was only a matter of time before a new interest group would be formed to represent the legalization of online gambling.

This week, the iDevelopment and Economic Association (iDEA) announced its formation as the first trade association to exclusively represent the online gambling industries in the United States. The goals of iDEA is to advocate the many different types of internet gambling which include online poker, bingo, sports betting, casinos (digital and live dealer) and lotteries.

The first thing the group has done so far is to publish a white paper called, “Economic Impact of New Jersey Gaming: Lessons Learned” which is a case study on how New Jersey passed their online gambling law and how it affected their economy.

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Virtual Sports Betting Expanding into the US

Virtual Sports Betting Expanding into the USVirtual sports betting games has been in the European market for over a decade and in Africa, Virtual sports betting has begun to gain a foothold as a crowd favorite.  This year, the United States will begin rolling out this new fun game that is a mix between a casino game and a sports betting game.

Several European based gambling companies will be bringing virtual sports betting to the US in hope that it performs even better in U.S. based casinos and sportsbooks. 

Currently, virtual sports betting makes up for roughly 20% of the revenue of its betting shops and has a proven track record as a winner.

Even though virtual sports betting is considered a “filler” type of sports betting game because it allows people to bet on sports in–between sporting event and races. 

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Best Football Preseason Sportsbook Bonuses

Best Football Preseason Sportsbook BonusesThe regular NFL Season starts on Sept. 8, 2016 which means that right now, all of the sportsbooks are trying to get your business before the season starts.  Since the sportsbooks know that most people usually will stick to one or two sportsbooks once the season begin, now is their chance to try and woe you into placing your football bets with them!

In order to get your business, all of these online companies are offering some amazing sportsbook promotions that are better known as Early Bird Bonuses. 

These Early Bird promotions are usually meant to try and lock you in by giving out either large welcome bonuses, or bonuses that will involve a free contest entry, free game specific bets and even free weekly bets throughout the football season.

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Asian Handicap Style Betting is the Future of Betting in America

Asian Handicap Style Betting is the Future of Betting in AmericaEvolution is what makes us stronger and better.  It is evident in all aspects of our daily lives and sports betting, is no exception as can be seen with the increased popularity of Asian Handicap in America. 

Sports bettors are becoming smarter and more informed about betting and they are always looking for that one thing that will give them the winning edge when they place a bet. 

This has in turn led to more people adopting Asian Handicap which is also known as Asian betting and Asian handicap betting style. Look out America because Asian Handicap is the next evolution in sports betting!

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Victoria, Australia to Ban Sports Betting Ads

Victoria, Australia to Ban Sports Betting AdsVictorian Government in Australia is looking to ban sports betting ads according to Gaming Minister, Marlene Kairouz.  In a recent interview, the State Government is looking to submit a proposal that would ban all sports betting ads that are near schools and in public transportation in Victoria, Australia.

Kariouz said that “What we’re wanting to do is ensure they’re no longer exposed to betting advertisements while they go to and from school each day.” 

A majority of the Australian population supports the ban according to the Gaming ministry as it would also restrict gambling advertisement in places that are frequently used by minors.

No details have been released as to which places would be banned but that they would eventually be worked out during the consultation phase.  According to the latest statistics, sports gambling problems have already cost the community of Victoria between $1.5 billion to $2.8 billion per year.

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Study Reveals that Sports Betting Would Increase TV Revenues

Study Reveals that Sports Betting Would Increase TV RevenuesThe American Gaming Association is doing everything it can to support sports betting and their latest study has shown that TV networks should seriously consider advertising sports betting.  The survey began with 1,500 Americans who were old enough to bet on sports and 500 of them were regular bettor.

The survey showed that the sports bettor usually watched 19 more games per season than the ones that did not bet on sports. This means that even though sports bettors make up only 25% of the NFL audience, they make up almost 50% of all of the watched NFL games during the regular season.

These numbers are certainly to have an impact on the thinking of television network companies as it would increase the NFL viewing by 36% which is a jump from 40 million to 57 million viewers.

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Nova Scotia Gambling Revenue Up by $40 Millions

Nova Scotia Gambling Revenue Up by $40 MillionsGood news for the Nova Scotia Provincial Lotteries and Casino Corporation as their revenue for their lotteries and Video Lottery Terminals has increased their revenue from $396.6 million in 2014-2015 to $441 million for the 2015-2016 year.

According to a press release from Thursday, CEO and President of the Nova Scotia Provincial Lotteries and Casino Corporation attributes the surge in revenue from big wins in the ticket lotteries and a sharp upward spike in revenue from the VLTs.

For the gambler, this poses some interesting questions about the coloration between the cancelation of the “My-Play” program, a program that targeted the deterrence of people with gambling addictions from playing which in reality only stopped people without any gambling issues from playing.

Read more: Nova Scotia Gambling Revenue Up by $40 Millions

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