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LOVERRO: Betting big on legalized sports gambling

“Now it will be a much more controlled environment.” Theismann followed the money, and he won’t be alone. There is an anticipated gold rush coming. The NFL – which was among the strongest opponents of legalized sports betting for decades — held a seminar last summer for its owners on the upcoming marriage of the league and gambling, which may include placing bets at stadiums during games. Other leagues are working to determine their place in the sports betting world and how to carve out a piece of the pie for themselves. And now the federal government — which banned sports betting in 1992, save for grandfathering in Nevada and three other states that had some limited form of football parlay betting — wants a say in how the business is operated. Last week Senate Minority Leader Chuck Schumer called for federal rules and regulations for an industry that right now is solely under the jurisdiction of each state. States that decided to sit this one out — like Virginia, which isn’t even in the casino gambling business — or Maryland, which dragged its heels on casino gambling while bordering states like Pennsylvania, Delaware and West Virginia cashed in, are watching money fly out of their coffers and into neighboring states. And what about the District? Tim Muldoon from Waterford, Va., and Tom Lizardo, from Centreville, Va., spent the day Saturday at Charles Town’s little corner of the casino converted to a sports book, with TV screens showing college football games, betting reference sheets and windows open for business, with lines of bettors. It wasn’t exactly the Las Vegas Hilton Sports Book, but it was a big attraction for Muldoon, Lizardo and others who traveled to Charles Town Saturday.

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State lawmakers look at sports betting in terms of 'when' not ' if '

Sports betting coming to Pearl River Resort next week This will be the format for the first 30 to 60 days, but Atkinson said there are also plans for electronic wagering in the future. “We anticipate adding account-based mobile wagering on the premises — and I have to stress the ‘on the premises’ part,” Atkinson said. “You will have to be there for it to work. That way, people will be able to place money on a wagering account with their phone or tablet anywhere on casino property.” The addition of sports betting will see an increase of approximately 12 to 15 employees at the resort, Atkinson said. He also expects to see an increase in visitors thanks to sports betting.

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