Happy March Madness everyone, I hope you’re all doing better with your picks than I am! Here is a quick update of the latest news from the sports betting world:

• New Jersey sues Federal Government, claims sports betting ban is unconstitutional – this is huge! If this suit is successful it could legalize sports betting for all U.S. citizens. We’ll continue to monitor this story very closely.
• New Vegas casino offers in game wagering – the new M Resort has immediately become the gold standard for sports betting in Vegas. “All the sports lines will originate here,” M Resorts Chairman Anthony Marnell III said during a recent interview. “It used to be the Stardust set the lines. Now, it’s us.”
• Delaware budget contains legalized sports betting – the budget proposal for Delaware contains provisions for a state sponsored sports betting “lottery”. It looks like the local media is supporting the bill and we may see this landmark legislation pass.
• NCAA kills March Madness wagering in Canadian casinos – another example of U.S. entities using their economic and political power to take away the sports betting freedoms of foreign citizens.
• President Obama smiles on online sports betting – Carter Randel writes, “Barack Obama showed he shares the people’s disregard for online gambling laws by appearing on ESPN to make his own bracket picks.” Randel continues, “The President has acknowledged enjoying playing poker, has shown visionary use of the Internet in his campaign, and now flirts with online sports gambling on natiuonal television.” This could point to a brighter future for online sports betting in the U.S. under the Obama administration. I’m hoping for the best.