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DraftKings Inc., which was up over 5% today due to news that the state of New York may legalize online sports betting, finished the day with a 3.8% loss, at $48.94, as investors took profits off the table. The stock is up a whopping 357% year-to-date. DKNG is a digital sports entertainment and gaming company. Blozinski, the executive director of the Wisconsin Council on Problem Gambling, said online betting could be taking a significant toll in Wisconsin, pointing out that the Council estimates that. Latest Gambling & Casino News. Discover the important stories from around the world. Casino.org - The world's Gaming Authority Since 1995. Current Gambling News US Sports Betting Growth and Expansion December 1, 2020 Half of all the states in America now regulate betting on sports, and more are sure to follow.

ATLANTIC CITY, N.J. (AP) — The U.S. gambling industry won big at the polls Tuesday, with three states authorizing legal sports betting and three others either approving or expanding casino gambling.

Maryland, South Dakota and Louisiana approved sports betting. That sets up a situation in which by the end of next year more than half the country could have legal sports betting, less than three years after a U.S. Supreme Court ruling cleared the way for all 50 states to adopt it if they chose.

Virginia approved casino gambling in four locations, Nebraska authorized adding casino games at its horse racing tracks, and Colorado expanded the number and type of casino games it can offer, along with eliminating some wagering limits.

“It appears that Americans are becoming increasingly comfortable with legalized gambling,” said David Schwartz, a gambling historian with the University of Nevada Las Vegas. “The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. We have reached a point where voters seem satisfied that legalizing gambling will offer positive returns for their state.”

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The American Gaming Association, the casino industry’s main trade group, hailed the expansion votes.

“As a result of successful ballot measures in six gaming states, more Americans will have access to much needed job opportunities, dedicated tax revenue, and safe, regulated entertainment options closer to home,” said Bill Miller, the organization’s CEO.

By the end of 2021, at least 25 states and the District of Columbia could have legal sports betting in place.

Voters in four Virginia cities — Bristol, Danville, Portsmouth and Norfolk — approved ballot measures authorizing casinos.

Caesars Entertainment released a statement thanking voters for approving the Danville proposal.

“We look forward to fulfilling the trust the voters have placed in us by bringing 1,300 good-paying jobs, tourism dollars and economic development to the city, and we are incredibly excited to begin construction,” CEO Tom Reeg said.

In South Dakota, the ballot question allows the Deadwood casinos to add in-person sports betting. For now, mobile sports betting, the largest and fastest-growing part of the industry, would not be permitted.

Sports betting will become legal in Louisiana parishes that approved the measure; over three-quarters appeared to have done so.

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Nebraska allowed casino games at racetracks in Omaha, Lincoln, Grand Island, Columbus and South Sioux City.

In Colorado, casinos in Central City, Black Hawk and Cripple Creek can do away with limits that restricted maximum bets to $100. They also will be able to offer new games including baccarat, keno, and a spinning wheel.

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