Nebraska voters rejected Initiatives 440 and 441, which would have legalised statewide online sports betting. The proposed framework included a 20% tax, with 70% of proceeds assigned to tax relief; Tax Relief Nebraska estimated US$238m in relief over 10 years. Sports betting therefore remains limited to in-person wagering at licensed racetrack casinos.
Operators cannot offer statewide mobile sports betting under the rejected proposals.
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Reportedly, DraftKings and FanDuel contributed $7m to the campaign seeking to legalise online sports betting in Nebraska. Tax Relief Nebraska, which supports Initiative Measures 440 and 441, has raised $14.6m ahead of Election Day.
DraftKings and FanDuel each contributed an additional $3.5m to Tax Relief Nebraska, the ballot committee supporting Initiative Measures 440 and 441 to legalise mobile sports betting in Nebraska, according to filings with the Nebraska Accountability and Disclosure Commission. The contributions were made between 28 July and 29 September and double the operators' earlier matching contributions of $3.53m apiece. The committee has raised $14.65m ahead of the 3 November referendums.
DraftKings and FanDuel each contributed $10.4 million to a Nebraska campaign supporting two ballot measures to legalise mobile sports betting, according to the report. Voters are due to decide on the measures on 3 November; approval of both would allow mobile sportsbooks to partner with licensed racetrack casinos.
Sportsbook giants DraftKings and FanDuel have each committed $10.4 million to the push to bring mobile sports betting to Nebraska. The statewide vote takes place on Tuesday, Nov. 3.
Canadian federal regulators issued a staff notice on Thursday opposing sports prediction markets under securities or derivatives legislation. The notice clarified their position on applying financial trading rules to these markets.
It was reported that the Senate rejected an M5S amendment and motion on gambling advertising in sports facilities. Senator Luca Pirondini had presented the amendment during scrutiny of the sports decree.
Brazilian reporting said the Casa Civil and Ministry of Justice restricted access to documents used to formulate Provisional Measure 1.394, which prohibited fixed-odds betting and online games. The Ministry of Sport said it had not been consulted on the measure’s effect on match-fixing and had no study on the issue.