December 23, 2019 Comments Off on Place your bets: NASCAR pushes its chips on sports gambling Uncategorized Like

Place your bets: NASCAR pushes its chips on sports gambling

DAYTONA BEACH, Fla. (AP) — Brendan Gaughan is the son of a casino magnate and has long grasped the allure of hurling down a few bucks to bet on a sporting occasion.
Heck, Gaughan once bet on himself in Las Vegas to win the 2004 Daytona 500. Gaughan got a stern talking to from NASCAR back in the day when gambling was possibly the most taboo subject in sports. March Madness brackets, Super Bowl prop bets, they all go overboard with the largest games as much as the highlights, however wagers on the upstart underdog or 5-1 favorite were stored for Vegas, office pools and the neighborhood bookie working illegally.
But social attitudes — and more to the point, legislation — toward betting have evolved, leading sports leagues to loosen their stances as a new universe of potential partnerships and revenue flows has opened.
Count NASCAR as the newest game racing toward the industry.
“The people playing and betting fantasy games on your game, the more people see,” Gaughan said during Daytona 500 qualifying. “NASCAR has always known that. They know that.”
Gaughan is happy to give NASCAR fans as well as the betting public the latest inside scoop on the game. He also co-hosts both the”Fantasy Racing Preview with Pete Pistone” on SiriusXM and”Gone Racin” on VSiN, a national sports gambling news community.
“When it comes to fantasy sports and gambling on NASCAR races, there is nothing wrong with this,” Gaughan said.
NASCAR is on board and on the gambling boards of sportsbooks from Nevada and beyond — with legalized gambling in 2019.
“I needed to go all on gaming a year ago,” NASCAR executive Steve O’Donnell said.
But NASCAR took a step back and scanned the gaming landscape before implementing gambling guidelines at the rulebook for this season. One of the new constraints: drivers and team members are prohibited from betting on races or revealing personal information. They are allowed to participate in fantasy sports concerning both national touring series, Cup, Xfinity and Truck, but might not accept awards with a value of greater than $250 in any games. The bans are based on other significant sports.
NASCAR partnered with Sportradar Integrity Services to develop a thorough gaming policy intended to protect the sport from cheating scandals.
“We have so many people that are connected to the automobiles. I believe the integrity is a large piece for it,” O’Donnell explained.
But fans? Prepare for action.
Nevada’s effective monopoly on sports betting ended last spring, when the Supreme Court ruled the ban should be lifted. Casinos in seven other states — Rhode Island, Delaware, Mississippi, New Jersey, Pennsylvania, West Virginia and New Mexico — now accept wagers on sports. The listing is expected to grow by following year with numerous states considering invoices.