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NEWS ABOUT: Internet gambling

Forget the Mini-Mart: Now You Can Buy Lotto Tix Online

Why go to all the trouble of buying a physical ticket?

(Newser) - Poker sites may be strictly verboten , but another kind of online gambling is starting to crop up: state lotteries. Minnesota has already begun selling lottery tickets online, even offering year-long subscriptions for its Powerball and Mega Millions games, USA Today reports. Several other states are considering following suit. A bill... More »

Here's Why You Kept Losing at Online Poker

Stats guru Nate Silver made most of his money playing in the boom years

(Newser) - Nate Silver offers a lengthy primer on the online poker industry and its prospects for survival after the recent crackdown by the feds , with this interesting reveal from the stats whiz: "Between 2004 and 2006, I played a substantial amount of online poker, using it as my primary source... More »

Online Poker Creates Real-Life Teen Champs

Players can participate in thousands of hands a day

(Newser) - The last winner of the World Series of Poker, 22-year-old Joe Cada, had been legally able to play poker in a casino for less than a year. Yet by the time he blew away the competition at the WSOP, Cada had played millions of hands—by his reckoning, 2,000... More »

Congress Moves to Re-Legalize Online Gambling

Move could bring in $42 billion in taxes

(Newser) - Online gambling might soon be legal again, just four years after it was originally banned. The House Financial Services Committee approved a pair of bills to re-legalize and tax Internet casinos yesterday, the New York Times reports. The ban has just driven gamblers to overseas sites, supporters argue, while legalization... More »

Why Gamblers Can't Walk Away

A near miss gives that winning feeling, study finds

(Newser) - Scientists have unlocked a key to obsessive gambling—the lure of the near miss. In search of the reason gamblers keep playing even after strings of horrible losses, Cambridge University researchers examined the brains of gamblers. They found that a near miss—putting a bet on a horse that finished... More »

Logger Earns World Series of Poker Final

Darvin Moon will take on 21-year-old Joe Cada

(Newser) - A logger and a community college dropout have outlasted 6,492 other competitors and will go head-to-head in Monday's final of the World Series of Poker. Joe Cada, 21, flirted with elimination in the round that ended today in Las Vegas but holds 136 million chips and a substantial lead... More »

Time to Fold Online Poker Ban

(Newser) - The government's online poker ban isn't just hypocritical—given that state lotteries are "the nation's most aggressive promoters of gambling"—it's unfairly slandering a sport that requires great skill by labeling it mere gambling, George F. Will writes in the Washington Post. Professional poker player Howard Lederer—known... More »

Minn. Flips on Online Gambling After Industry Suit

(Newser) - Minnesota has dropped a bid to cut off access to online gambling after a legal challenge from an industry group, the Minneapolis Star Tribune reports. The state had petitioned Internet service providers to block the sites. Whether the lobby “ultimately would have prevailed in court is unknown,” a... More »

Minn. Asks ISPs to Block Gambling Sites

(Newser) - Minnesota wants Internet providers who serve customers in the state to block access to Internet gambling sites, the Minneapolis Star Tribune reports. Officials say the practice is illegal in the state, but how prevalent it is is unclear. “It's hard to know that," a gambling regulator said. “... More »

Super Bowl Inspires Super Wacky Wagers

How much do you want to bet Bruce sings Born to Run ?

(Newser) - Propositions, or "prop bets," can add some spice to a Super Bowl blowout even as they leave oddsmakers shaking their heads. "They're a pain in the ass," a Las Vegas bookmaker tells ESPN the Magazine. "But it keeps non-fans interested for the entire game."... More »

Don't Want to Bet on the Super Bowl? Bet on Jennifer

Internet offers wagering on how long it'll take her to sing anthem, and other odd stuff

(Newser) - Want to gamble on the Super Bowl, but know nothing about football? No problem: You can place your bets for how long it will take Jennifer Hudson to sing the national anthem Sunday instead, TMZ reports. Sites like BetUS.com have all sorts of options that have little to do... More »

Lines Keep Moving in Fight Over Online Gambling

Critics liken government stance to Prohibition

(Newser) - Can 20th-century laws designed to stop old-school bookies put the kibosh on the multi-billion online gambling industry? Anti-gambling crusaders say they can, and they’re doing their best to prove it. Federal prosecutors have used the 1961 Wire Act to shut down several huge operations, the Washington Post reports—but... More »

Feds Block Online Gambling

New rule stops banks, credit card companies from processing bets

(Newser) - The Treasury Department and Federal Reserve will effectively outlaw most forms of online gambling with new rules that bar banks and credit card companies from processing transactions related to internet betting. The banking and gaming industry and House Financial Services Chairman Barney Frank oppose the new rules, reports the Wall ... More »

Judge Upholds Ban on Internet Gambling

Online gambling association will appeal

(Newser) - A Congressional ban on Internet gambling doesn’t violate the Constitution, says a federal judge. An online gambling association that challenged the law failed to show sufficient cause to stop its enforcement, the judge ruled, but does have legal standing to appeal the case. The group plans to do so... More »

Bookies Pay Out on Longshot Clinton Bets

At 100-to-1, Hillary's victory startles political gambling websites

(Newser) - Clinton supporters of an apolitical kind had reason to celebrate after her surprise win in New Hampshire: bettors on a Hillary victory reaped huge payoffs after her odds dropped to a low of 100-to-1. Bloomberg reports that the Dublin-based Intrade had made an Obama result a near certainty, leaving contrarians... More »

Big Sites Fold on Net Gambling

DOJ has winning hand in legal battle with Microsoft, Google, Yahoo!

(Newser) - Microsoft, Google, and Yahoo have agreed to cough up $31.5 million to settle Justice Department charges they promoted Internet gambling by accepting advertising from gambling sites for the past 10 years, Reuters reports. The high-tech giants will pay some of that amount in fines, and will create PSAs telling... More »

Sites Take Bets on Tony's Life

Entertainment gamblers wager on whether capo will be sleeping with the fishes

(Newser) - Think Tony will survive Sunday's season finale of "The Sopranos"? Will Paulie "Walnuts" Gualtieri get whacked? Now you can put your money where your mozzarella is at gambling websites like Bodog.com and Betus.com. But be forewarned—an HBO spokesman says exec David Chase's acclaimed plots... More »

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