Another week goes by for and plenty of action both on and off the field to peak our interest. Fanduel had a change of heart in New Jersey regarding their previous decision to not pay gambler's tickets on an obvious line error. Major League Baseball is in their final week of the regular season before their postseason begins. Tiger Woods returned to the winner's circle in a moment many doubted they would see again on the PGA tour. Another week on the college gridiron with several mid top 25 teams getting upset but nothing playoff altering going down. And the past NFL Sunday was a rough one for bettors who like big favorites as a few large chalk ML's bit the dust as big favorites couldn't win much less cover. The Vikings lost as a 17-point favorite to the lowly Buffalo Bills in the largest NFL upset in 23 years. Let's dive right in for this week's edition of The Gambler's Report.
After further review, the initial call has been changed. FanDuel will pay the New Jersey man his full winning ticket of over $82,000 for his disputed $110 in game wager during week 2's Broncos/Raiders game. They will also pay the other 11 customers that had various winning tickets at the inflated odds of 750-1. Good for those with the wagers and New Jersey books will have to take extra care going forward as this decision is a clear bat signal that screams shot takers welcome.
Framework for Sports Betting
A House judiciary subcommittee is scheduled for a hearing titled "An Examination of Sports Betting in America" today 9/27. Subcommittee chairman Rep Jim Sensenbrenner (R-Wis) stated "My subcommittee will look at the implications of this SCOTUS ruling and talk about what it means for the integrity of sports as well as what sorts of improper or illicit activities could arise. Ultimately, we want to determine whether or not a basic federal framework is necessary to guide states' new gambling policies." Hopefully, they leave this process largely to the states to decide how they want to integrate.
D.C. To The Party
Washington D.C. has introduced a bill to legalize and regulate sports betting. Councilmember Jack Evans introduced the bill with an initial layout showing a 10 percent tax on gross revenue along with a $50,000 licensing fee. Tax revenue would be divided into equal parts between early childhood education programs and the D.C. Commision on the Arts and Humanities. Any surplus dollars would go into the city's general fund. And maybe a bit obvious but athletes, coaches, and game officials would be prohibited from placing wagers. No statement whether that was just for their particular sport or all sports in general.
The Offshore Report
Payout reports generally look pretty good with books both big and small hitting payouts generally within stated timeframes for September. As usual, Bitcoin remains the fastest and most efficient way to both make deposits and receive your funds with many payouts in Bitcoins happening in hours instead of days or weeks. And of course, always make sure you do your due diligence when looking to deposit funds into a book. Make sure you are fully aware of any terms associated with rollovers, holds, or any bonuses received.
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