{"id":86371,"date":"2018-11-10T15:47:10","date_gmt":"2018-11-10T23:47:10","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/?p=86371"},"modified":"2018-11-10T15:47:10","modified_gmt":"2018-11-10T23:47:10","slug":"winners-losers-election-2018","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winners-losers-election-2018\/","title":{"rendered":"Winners and Losers of Election 2018"},"content":{"rendered":"

The midterm elections certainly attracted a lot of attention over the past few weeks. There were a few ballot questions that may have a direct impact on the march toward sports betting legalization. Here\u2019s a quick recap of the winners and losers when it comes to the legalization of sports betting.<\/p>\n

 <\/p>\n

Winner: Louisiana<\/h5>\n

Louisiana voters didn\u2019t vote on legalizing sports betting in the traditional sense. However, they did vote to legalize daily fantasy sports (DFS) in 47 of the 64 parishes in the state. In those parishes, companies like DraftKings and FanDuel may soon be able to offer their contests online. There are a few hurdles to overcome, though. Louisiana is the first state to put this form of sports wagering into such a granular scale. This will be the biggest test yet of geofencing technology which enables states to make sure bettors are\u00a0within their geographic limits. Personally I\u2019ve been very impressed with what I\u2019ve seen of geofencing technology. I\u2019m sure a vendor will step forward to make this complicated setup work. Tax rates and regulations still need to be drawn up. In the big picture, this is a step forward toward real sports betting in the Bayou.<\/p>\n

 <\/p>\n

Loser: Florida<\/h5>\n

Florida voters had a ballot question which at first glance looked to enable its\u00a0control of future gaming expansion in the\u00a0state. Amendment 3 created an odd alliance of Disney and the Seminole Indian Tribe pitted against all the racinos in the state and an NFL team. The amendment was designed to \u201cgive Florida voters the exclusive right to decide whether to authorize casino gambling in the State of Florida.\u201d If passed, all future gaming expansions in Florida would need to be initiated by a petition signed by no less than at least 8% of the votes cast in the preceding presidential election in the state. Furthermore, that 8% threshold must\u00a0exist in at least 14 of the state\u2019s 27 congressional districts. Then the matter\u00a0appears\u00a0on a subsequent ballot for a statewide election. This amendment does not include gaming on tribal lands.<\/p>\n

Ah, that last sentence was the reason we saw family-friendly Disney joining forces with the Seminoles. Most voters didn\u2019t realize they were voting to make the process of gaming expansion in their state arduous and nearly impossible. The amendment passed easily. Basically, the chances of more casinos in Florida is now about the same as a snowball\u2019s chances in Miami. The Seminoles, which operate under a compact with the state, can and probably will move to modify their compact to allow sports wagering at some point. However, as we\u2019ve detailed before, products without competition are seldom consumer-friendly.<\/p>\n

 <\/p>\n

Winner: Arkansas<\/h5>\n

The voters in\u00a0Arkansas approved a ballot measure which authorizes expanded gambling at four locations in their state. One dog track near the border with Memphis and one horse track outside Little Rock. The other two locations will be full-service casinos operating outside Little Rock. It\u2019s expected that the four locations will all have separate ownership which will hopefully foster some competition. No word yet on if mobile betting will someday be available for Arkansas residents. It will likely be at least a year before the first sports bets\u00a0are placed in Arkansas. I\u2019m moving Arkansas up in my handicapping of future states. It would now be at the top of the “Sometime 2020” list found in this post<\/a>.<\/p>\n

 <\/p>\n

Loser: Federal Laws on Sports Betting<\/h5>\n

I\u2019m not sure if this could be considered a winner or a loser. For those with a defined path of state regulation toward sports wagering, this is a winner. For those hoping for federal oversight of the industry, it\u2019s a loser. With Congress likely in a state of deadlock for the next two years, a mildly divisive issue like sports betting won\u2019t reach the debate floor. The same holds true for Internet gambling. Those who live in states where it’s legal have feared a modification of the Wire Act. That is far less likely now. There\u2019s likely no repeal of UIGEA on the horizon, but there\u2019s likely to be no usurping of state\u2019s rights regarding it either. We are probably in the clear of any federal\u00a0influence in sports betting until at least 2021 or 2023.<\/p>\n

As always, a great place to keep up with the shifting landscape of legalized betting is right here on our map<\/a>.<\/p>\n\"Facebook\"<\/a>\"twitter\"<\/a>\"youtube\"<\/a>\"instagram\"<\/a>","protected":false},"excerpt":{"rendered":"

The midterm elections certainly attracted a lot of attention over the past few weeks. There were a few ballot questions that may have a direct impact on the march toward sports betting legalization. Here\u2019s a quick recap of the winners and losers when it comes to the legalization of sports betting.   Winner: Louisiana Louisiana […]<\/p>\n","protected":false},"author":26,"featured_media":83676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false},"categories":[19],"tags":[1894,72,1896,231,230,1900,1892,1897,1895,223,1822],"yoast_head":"\nWinners and Losers of Election 2018 - Gambling With An Edge<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lasvegasadvisor.com\/gambling-with-an-edge\/winners-losers-election-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Winners and Losers of Election 2018 - Gambling With An Edge\" \/>\n<meta property=\"og:description\" content=\"The midterm elections certainly attracted a lot of attention over the past few weeks. 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