The biggest sports betting industry stories from the past week

Jan 7, 2013 |
By: Jon Campbell
Here's a look back at the past week and some key stories from around the web from the sports betting industry:

AGA President stepping down June 30

In a story that broke on Jan. 7, first reported by Jon Ralston in Las Vegas, American Gaming Association President Frank Fahrenkopf is stepping down.

In this story in Politico, Fahrenkopf raked in a staggering $4.6 million in 2011.

New Jersey gets until Jan. 18 to file response

The state of New Jersey was granted a 2-week extension to file a response in the 'landmark' sports betting case in which the leagues are suing the state. The most important date is still Jan. 20, the deadline given to the Department of Justice to decide whether it wants to intervene in the case. 

Write Gambling software, go to prison

It's kind of hard to believe, but a New York D.A. is going after a web developer, whom he says is "giving bettors an easy way to place illegal wagers."

The software developer says it's overreaching and says none of his clients are using the software to take illegal bets in the U.S. The D.A. won't give more info. Bizarre case and a story worth a read.

Withholding tax obligations in iGaming

Brad Polizzano - a New York tax attorney with a focus on gaming and a good follow on Twitter (@taxdood) - began a series of posts last week on Federal Reporting and Withholding Tax Obligations when it comes to Intrastate iGaming.

It all comes on the heels of iGaming legislation in New Jersey, which is now in the hands of the Governor after a mid-December vote.

Panelists warn lawmakers about the challenges of online gambling

For those states who think getting into the world of iGaming is as easy as passing legislation, a panel at the National Council of Legislators from Gaming States, held at the Rio this past weekend, had some words of caution according to the Las Vegas Sun.

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