UPDATE: Greenbrier, FanDuel reach deal for sports betting service

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CHARLESTON, W.Va. - UPDATE: 06/26/18 10:30 A.M.

The Greenbrier and FanDuel have finalized an agreement for an online and onsite sports-betting service at the resort’s casino in White Sulphur Springs.

The service is expected to be available this fall.

A state law that went into effect in March allowed the West Virginia Lottery Commission to approve rules and regulations for sports betting at four racetrack casinos and at the Greenbrier’s Casino Club.

The law was contingent on federal law changing to permit sports betting. That happened in a U.S. Supreme Court ruling in May.

"We are honored to be chosen to provide sports wagering services at The Greenbrier, an iconic resort in the U.S.," said Matt King, CEO, FanDuel. "As we work towards building out a top sports betting product for the upcoming NFL season, we look forward to bringing West Virginia residents, sports fans, and visitors to The Greenbrier the best interactive sports experience on the market."

The Greenbrier plans to have an onsite wagering platform inside The Casino Club at The Greenbrier, America’s only private casino, as well as a FanDuel-branded online site and mobile application.

“We’re excited to be able to offer this service to those guests who are interested,” said Dr. Jill Justice, President, The Greenbrier. “The Casino Club at The Greenbrier has been an attractive destination for our guests and members since its opening, and sports betting provides yet another element to the casino experience.”

FanDuel offers a multitude of one-day, weekly and season-long game options for NFL, NBA, MLB, NHL, Golf, NASCAR, WNBA, and the EPL, with new public and private leagues forming daily, ranging in size from two to thousands of players.


West Virginia's lottery commission has set its rules for sports betting in the state.

New outlets report that the rules were approved at an emergency meeting Thursday.

West Virginia Lottery Director Alan Larrick says the sports betting rules give the state's five casinos plenty of time to become familiar with the regulations set forth in the rules.

Larrick says the goal is to have sports betting available by football season.

West Virginia passed its sports-betting law earlier this year, shortly before the U.S. Supreme Court overturned a federal law that had banned most sports betting.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


UPDATE: 5/14/2018

The U.S. Supreme Court strikes down a federal law prohibiting gambling on sports-including Major League Baseball, the NBA and the NFL

That ruling clears the way for legal sports betting in West Virginia.

A bill approved in this year's legislative session-and signed into law by Gov. Jim Justice-legalized sports betting at the state's five casinos, in the event the law was struck down.

The national law, approved in 1992, barred state-authorized sports betting in every state but Nevada.

A local lawmaker believes the high court's ruling was inevitable. But, nonetheless, he's disappointed by it.

"Let's base our economy on the old-fashioned values of hard work, thrift, savings, low taxes and low spending," said Sen. Mike Azinger (R_Wood County). "We need a manufacturing base, a base of small business, growth. That's what we need in West Virginia, not more betting."

Governors of several states said new revenues from sports betting will be good for their budgets.

But Brad Humphreys, Professor of Economics at West Virginia University, questions their optimism.

The size of these revenues is difficult to estimate without concrete information on how much will be bet in a state," Humpreys said in a statement released by WVU. "In addition, sports leagues have already begun pushing for a share of any sports betting revenues. Several leagues lobbied state legislatures for a 1% ‘integrity fee’ to help offset any external costs to leagues, in terms of monitoring games for fixing and educating players about the dangers of gambling. Clearly, this decision will alter the sports betting landscape in many ways.”

The high court's decision came in a case from New Jersey, which for years has fought to legalize gabling on sports at casinos and racetracks in the Garden State.


3/12/2018

Gov. Jim Justice has signed a bill to legalize sports betting at the state's five casinos in the event that a U.S. Supreme Court case leads to the repeal of a nationwide ban.

It would allow sports betting at West Virginia licensed casinos and on Lottery Commission-approved mobile device applications.

The state would collect 10 percent of gross receipts. Bettors would have to be at least 21.

Later this year, the court will decide New Jersey's challenge to a law banning sports betting in most states.

Supporters say it will create jobs and tax revenues and bring sports betting into the open.

Critics say it will increase gambling and addictions and could compromise integrity of sporting events.

Justice says he's asked the Legislature to consider partnering with major sports leagues.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)