In The News: Division of Research
When a $1.4 billion lottery ticket was sold at a Neptune liquor store last month, the news spread across the Jersey Shore and beyond with the expected celebration that a local had won the enormous prize. But what didn’t get attention, and rarely does, was the fact that calls to the Council on Compulsive Gambling hotline sharply increased as they always do when a major jackpot is on the line.
When a $1.4 billion lottery ticket was sold at a Neptune liquor store last month, the news spread across the Jersey Shore and beyond with the expected celebration that a local had won the enormous prize. But what didn’t get attention, and rarely does, was the fact that calls to the Council on Compulsive Gambling hotline sharply increased as they always do when a major jackpot is on the line.
In March, NCAA President Charlie Baker said the organization was asking state gaming regulators nationwide to ban proposition wagering, or prop bets, on college athletes because of evidence that gamblers are harassing collegiate players, both online and at games.
The Adelson family of Las Vegas purchased the Dallas Mavericks with the hopes of expanding their gambling empire beyond Nevada to the Lone Star State. Now their company, casino operator Las Vegas Sands Corp., is backing a petition to legalize gambling by the Texas Destination Resort Alliance. The Texas Destination Resort Alliances was established and paid for by Sands in 2021, according to the coalition’s website.
Broad AI tracking ban could kneecap efforts to intervene for positive means
Professor Brett Abarbanel, Executive Director of the 51³Ô¹ÏºÚÁÏ International Gaming Institute, recaps the recent history of sports betting and forecasts its potentially problematic future. Plus, are young people even cognitively capable of making smart bets?
All four of Nevada’s representatives voted for the $1.2 trillion government funding package that passed by a 286-134 vote Friday, averting a government shutdown. The budgets, which cover fiscal year 2024, include funding for climate and energy initiatives, support for service members, protections for women’s reproductive rights, aid for border security and investments in education, according to Rep. Dina Titus, D-Nev.
Amit Patel, the former midlevel finance manager for the Jacksonville Jaguars who pleaded guilty to stealing $22 million from the team, will be sentenced by a federal judge on Tuesday.
The Chickasaw Nation is forming a private capital investment firm in Dallas. The firm, Pennington Creek Capital, will be led by Dallas-based Hicks Equity Partner managing director Curt Crofford. It’s the Native American tribe’s second public investment in private equity after it launched Good Springs Capital out of New York in July 2023.
On Feb. 23, John Richards traveled more than 100 miles to place bets on the Oscars. He took a train from Washington, D.C., to Wilmington, Del., and then hopped into an Uber car to take him to a truck stop in New Jersey.
To mark International Women’s Day, executive director Brett Abarbanel discusses how 51³Ô¹ÏºÚÁÏ’s International Gaming Institute educational centre and programmes promote diversity, in particular, encouraging women to join the industry.
The latest wave of artificial intelligence (AI) has given gambling firms a new tool to work with. Companies say it enhances the customer experience.