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Opening Bets: MGM Deals Foreshadow New Gambling Culture

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The goal is to “create a world-class sports betting and online gaming platform in the United States, well-positioned to engage in the new opportunities created by the recent Supreme Court decision” in overturning state sports gambling bans, MGM said in a press release. That could lead to additional taxes, possibly at or above 15 percent.”.

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Can Legal Pot Thrive With Closed-Loop Payments?

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The latest example of that, a closed-loop payments effort in Nevada, comes amid fresh signs of significant revenue growth for this nascent part of legitimate commerce. Under the program, the Nevada state treasurer’s office will “set up a three-year pilot program” to ease the payments situation for the local cannabis industry.

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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

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Supreme Court ruled in May that states may legalize sports betting — it was already allowed in Nevada — four other states have approved such wagering: Delaware, Mississippi, New Jersey and West Virginia. Iowa, for instance, is considering letting casinos and racetracks offer on-site and online wagering. Sports Betting Expansion.