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Sep 09, 2018  

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The Life-Changing Magic of Chicken Wings and Sports Betting

A Buffalo Wild Wings bartender makes drinks for customers. Who should follow their lead? As U.S. states move to legalize sports betting, the Journal takes a look at the world's largest market for the industry—the U.K.—to see how real-time gambling works during a World Cup soccer match. Buffalo Wild Wings is looking at getting into sports gambling. The local B-Dubs has always been an attractive choice for sports TV excitement, but someday you may be able to add the possibility of losing money on the Chicago Bears? Well, that is a whole new level of excitement.

For the original version including any supplementary images or video, visit https://www.wsj.com/articles/the-life-changing-magic-of-chicken-wings-and-sports-betting-1534170520

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Pro-Sports Lobbyists Head to Kentucky for Sports Betting Bill Push

Pro-Sports Lobbyists Head to Kentucky for Sports Betting Bill Push Two squads of pro-sports lobbyists have registered in Kentucky, signaling an attempt to influence whether lawmakers put an integrity fee into sports betting bills. The state’s only pre-filed bill doesn’t include an integrity fee, which is a portion of revenue or wagers that would go directly to professional sports leagues. However, July and August registration documents by 14 lobbyists for pro leagues imply the leagues intend to discuss the issue with lawmakers. A group of four lobbyists for the National Football League disclosed that they’d be engaged in lobbying on “any issues related to professional athletics, sports wagering, taxation, or sports game integrity.” Nearby Cincinnati, Ohio, and Nashville, Tenn., have teams, but Kentucky doesn’t have an NFL squad. Likewise, a group of 10 lobbyists for Major League Baseball disclosed that they would engage in lobbying on “any issue relating to professional sports, sport integrity, sports wagering, taxation, or business development.” Lobbyists from the National Basketball Association and the Professional Golfers Association are also setting up shop in the state. However, there is no MLB or NBA franchise in Kentucky. The lobbyists didn’t immediately return requests for comment about what level of fee they’d be seeking, and how they would influence legislators in a state with no league franchise. Leagues have said the fees are necessary to compensate them for enforcing internal policies that bolster the integrity of their sports as well as prevent and root out gambling corruption. So far, an integrity fee hasn’t been passed into law in any state with sports gambling. Kentucky needs to jump into the sports betting market quickly if it wants to compete with neighboring West Virginia and other states launching platforms for the emerging market, Jennifer Hays, a tax expert in the nonpartisan Kentucky Legislative Research Commission, said in Aug. 30 testimony before a joint interim committee on tax issues.

For the original version including any supplementary images or video, visit https://www.bna.com/prosports-lobbyists-head-n73014482241/