headlines

US Sports Betting Market Looking At Expansion

Published

7 years ago

June 5, 2017

Sports betting legalization in the US could be possible through a new Congressional bill. The Gaming Accountability and Modernization Enhancement Act, or GAME Act, made its Congressional debut through the Energy and Commerce Committee. The bill calls for the repeal of PASPA, or the Professional and Amateur Sports Protection Act, the federal ban on sports betting that has been standing for 25 years.

PASPA bans sports betting in 46 states, with Oregon, Delaware, Montana, and Nevada the only exceptions. Out of these four, Nevada is the only state to offer single-game betting through licensed and regulated brick-and-mortar and online sportsbooks. The GAME Act, if passed, would effectively repeal PASPA and allow for a legal and regulated framework to be set up for casinos, poker rooms, and sportsbooks nationwide.

All authoritative oversight would fall to the Federal Trade Commission which would also be responsible for establishing consumer protections each state must adhere to before being able to offer sports betting. Sports betting would need to be legalized via voter referendum per state and the individual states would handle their own regulation.

This expansive ambition is the product of Representative Frank Pallone, the head of the Energy and Commerce Committee and fierce sports betting advocate. Pallone has authored previous bills that called for sports betting in his home state of New Jersey, but those pale in comparison to the scale of the GAME Act.

His state also recently lost out on its initial sports betting case thanks to the Solicitor General. That case was the preliminary effort against PASPA, though it tried to work around the ban instead of calling for it to be repealed.

Legal sports betting is not impossible for US residents. Bettors can make the trip to Nevada and walk into one of the physical sports betting locations, or they can try their hand at one of the Nevada Gaming Commission’s regulated online sportsbooks. There are also other options in offshore sportsbooks. US federal law permits US residents to place bets with legally sanctioned and regulated offshore sportsbooks providers.

The top reputable offshore sportsbooks that accept US residents emulate the Las Vegas brick-and-mortar sports betting experience but with more perks. These perks include a wider selection of betting lines and wagering types, 24/7 live chat support, and exclusive bonuses and promotions that give players more money to bet with at no additional cost to bettors.

Pallone’s GAME Act could potentially reimagine the US sports betting landscape. US-based online gambling initiatives have not been able to compete with offshore providers in terms of selection or services rendered. This has led to a vast migration of American bettors over to these sites. Pallone even cited the $400 billion sports betting industry that is being missed out on because of PASPA in the GAME Act’s introductory session. He also admitted that the bill does need some revisions if it is to pass through the legislative process.

However, if the GAME Act passes and there is a nationwide sports betting framework created, the US might start to see some of the traffic divert away from offshore betting sites and instead opt for US-based online sportsbooks. In fact, US-based sportsbooks may even try to offer a similar bonus incentive structure with more betting lines and wagering types so they can become more competitive within the industry.

All of this rides on the GAME Act successfully passing, which will likely be a drawn-out process. Sports betting advocates have been lobbying for this type of legislature, and the GAME Act may very well be the answer they have been looking for.

headlines

Monday Night Football Odds From Offshore Sportsbook Sites

Published

16 hours ago

October 21, 2024

Offshorebettingsites.net

The 2024-25 NFL season is in full swing, and betting odds for this Monday Night Football contest are already posted.

This Monday will host two NFL games featuring an NFC vs. AFC team: the Ravens vs. the Buccaneers and the Chargers vs. the Cardinals.

NFL betting odds are available for games and games that will be played later this week. Game line odds are often available a few days before the match, whereas futures and props are available all year.

Below, we will discuss the game line odds for tonight’s matchups and discuss why the odds favor each team.

NFL Game Lines

NFL game lines are probably the most popular sportsbook odds in existence. They offer three ways to bet on the game. The money line or win is the most straightforward bet, as it is essentially picking who will win the contest.

Below, you will see that the Ravens and Chargers are favorites, as their win and spread line odds offer little value. However, if the Bucs or the Cardinals can win tonight, some good money could be made if the bet hits.

Ravens vs. Buccaneers

Both the Ravens and Bucs are looking towards the NFL postseason with current winning records. Ravens QB Lamar Jackson, alongside RB Derrick Henry, has been an almost unstoppable force on the ground attack. Most critics believe the Buccaneers have been playing above their expected ability and have relied heavily on the hot hand of quarterback Baker Mayfield, who has played well this season.

Odds from trusted offshore sportsbooks believe that the Buc’s defense will struggle against the Raven’s ground attack. With Lamar’s ability to create plays, it will be a tough fight, win or lose.

Baltimore Ravens vs. Tampa Bay Buccaneers

Spread: -3.5 (-115), +3.5 (-105)
Win: -200, +170
Total: O50.0 (-115), U50.0 (-105)

Chargers vs. Cardinals

Both the Chargers and the Cardinals have struggled this year. The Chargers are currently 3-2; a loss would take them to .500 for the season. The Cardinals are currently 2-4, and a win could set them up for a late-season playoff run.

Odds indicate the Chargers should win this competition, but anything could happen on the field.

Los Angeles Chargers vs. Arizona Cardinals

Spread: -1.0 (-115), +1.0 (-105)
Win: -125, +105
Total: O44.0 (-115), U44.0 (-105)

headlines

New Zealand Pursues Online Casinos To Combat Offshore Betting Sites

Published

2 weeks ago

October 8, 2024

Offshorebettingsites.net

The New Zealand government has taken the initiative to pursue legal online casinos, and many people believe this is to combat offshore betting sites.

New Zealand’s Minister of Internal Affairs, Hon. Brooke van Velden, confirmed that the country is looking at a regulatory framework to issue online iGaming licenses by 2026. However, license holders will be subject to sustainability checks, taxes on revenue, and to provide customer protections. There will also only be a select few license holders selected if new legislation passes into law.

Currently, the only online gambling provided by the country is sports and parimutuel gambling. However, Tabcorp is the sole beneficiary as it is the only company in the country with an online sports betting license.

The Internal Affairs Department, led by Hon. Brooke van Velden, regulates all forms of gambling in the country.

Domestic New Zealand Casinos

SkyCity Entertainment Group is one of the few companies in New Zealand with a domestic casino license. It owns resorts in three cities: Auckland, Hamilton, and Queenstown. Earnings reports confirmed that SkyCity generated retail gross gaming revenue of USD 229 million for 2023.

Full NZ Casino List

SkyCity Auckland – 1800+ gaming machines, 150 gaming tables.
Christchurch Casino – 500 gaming machines, 36 gaming tables.
SkyCity Hamilton – 339 gaming machines, 23 gaming tables.
Dunedin Casino – 180 gaming machines, 12 gaming tables.
SkyCity Queenstown – 86 gaming machines, 12 gaming tables.

Offshore Casinos In New Zealand

Offshore betting sites have offered their services to New Zealand since the early 2000s and have become the most trusted source for many gamblers. While they are legal outside of the country, New Zealand itself has not authorized the use of these sites. However, the government has yet to forbid offshore gaming sites successfully.

Online, you will find numerous casino games that offer real money payouts, including blackjack gambling, roulette, slots, video poker, and more. In addition to a more extensive selection of games, online casinos also offer digital currency banking options, player-specific bonus options, progressive jackpot slots, and sometimes live dealer games.

Are Offshore Betting Sites Safe?

Licensed offshore betting sites are generally safe if a trusted gaming agency regulates them. Offshore regulators are often government agencies tasked with taxing and enforcing regulations to assure players are secure and that the games are fair.

To ensure that online casino sites are legit, check for licensing and compliance records that indicate they operate with oversight. Our online reviews will help you discover our recommended sites for 2024.

headlines

MGM Resorts CEO Confirms Abu Dhabi License Pursuit

Published

4 weeks ago

September 23, 2024

Offshorebettingsites.net

MGM resorts logo MGM Resorts CEO Bill Hornbuckle has confirmed that the Vegas-based company is seeking a casino license in Abu Dhabi.

At a recent Skift Global Forum, Hornbuckle stated, “Yes, we have applied. We’ve done it in Abu Dhabi,” before expressing optimism about obtaining the license. Hornbuckle then explained that the federal government would have the final say, as each emirate would cast a vote to grant or deny casino operations.

MGM owns and operates 31 properties globally, including resorts in the USA, China, and Macau. They are also building a non-gaming resort in Dubai featuring three hotel towers and over 1,500 rooms. The resort is reported to mirror their properties in Vegas, such as the MGM Grand and the Bellagio.

MGM also confirmed a Dubai Sphere at the Global Forum, which will rival the new Las Vegas Sphere, which has already gained global recognition in its short existence.

After a 2006 non-gaming project failed to materialize, the company veered away from Abu Dhabi. Hornbuckle now says that MGM will not venture into Abu Dhabi without a casino license: “That’s the business MGM is in.”

Are Offshore Casinos Safe?

Yes, offshore casinos are generally safe, whether in person or online. In-person, each casino typically has a security team that ensures patrons are safe when coming to and from the casino. However, sometimes criminals outsmart security, and casinos are known locations for some sketchy characters.

With offshore online casinos, you must ensure the site you are playing is legit. The best way to determine if a site is safe and fair to play is to check online reviews, verify the site is licensed, and verify that the community trusts the jurisdiction. Some of the biggest names in the game, like MGM and Caesars, also have offshore licensing for their properties.

Is Gambling Legal In Abu Dhabi?

No, gambling, either in person or online, is illegal and punishable by up to 2 years in prison in Abu Dhabi. There are currently no casinos in operation, but MGM hopes to change that, having recently applied for a casino license.

The MGM is currently working on its most ambitious Dubai project, which will host numerous hotel towers, a sphere, dining, and shopping. However, there are no plans for a casino at the Dubai location. Those plans would likely change if the company is granted the casino license they recently applied for.

Are Online Casinos Legal In The U.S.?

In the United States, there are no federal gambling laws that make online casino gambling illegal. Individual states have the power to enact their rules, but many states have failed to pass legislation concerning online ventures. U.S. gambling states include all continental states, D.C., Hawaii, Alaska, and Puerto Rico to various degrees.