Place your bets: NASCAR pushes its chips on sports gambling

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DAYTONA BEACH, Fla. (AP) — Brendan Gaughan is the son of a casino magnate and has grasped the allure of hurling down a few dollars to wager on a sporting occasion.
Heck, Gaughan afterwards bet on himself Las Vegas to win the 2004 Daytona 500. Gaughan got a stern talking to from NASCAR back in the day when gaming was possibly the very taboo subject in sports. March Madness brackets, Super Bowl prop bets, they all go hand-in-hand with the biggest games as far as the highlights, however wagers about the upstart underdog or 5-1 favored were saved for Vegas, office pools and the local bookie operating illegally.
But societal attitudes — and more to the point, legislation — toward gambling have evolved, leading sports leagues to loosen their stances as a new universe of possible partnerships and revenue flows has opened.
Count NASCAR as the game racing toward the gaming industry.
“The more people betting and playing fantasy games on your game, the more people watch,” Gaughan said during Daytona 500 qualifying. “NASCAR has ever understood that. They know that.”
Gaughan is happy to provide NASCAR fans as well as the betting public the latest inside scoop on this game. He also co-hosts the”Fantasy Racing Preview with Pete Pistone” on SiriusXM and”Gone Racin” on VSiN, a national sports gaming news community.
“When it comes to fantasy sports and betting on NASCAR races, there is nothing wrong with this,” Gaughan said.
NASCAR is on board and about the betting boards of sportsbooks from Nevada and beyond — with legalized betting in 2019.
“I needed to go all in on gaming a year ago,” NASCAR executive Steve O’Donnell stated.
But NASCAR took a step back and watched the gaming landscape before implementing gambling guidelines at the rulebook for this particular year. One of the new restrictions: drivers and staff members are banned from gambling on races or revealing personal information. They are permitted to take part in fantasy sports relating to both national touring series, Cup, Xfinity and Truck, but might not accept prizes with a value of greater than $250 in any matches. The bans are in line with other significant sports.
NASCAR partnered with Sportradar Integrity Services to develop a thorough gambling policy intended to protect the game from cheating scandals.
“We have so a lot of people that are linked to the cars. I believe the ethics is a large piece to it,” O’Donnell said.
But lovers? 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 countries — Rhode Island, Delaware, Mississippi, New Jersey, Pennsylvania, West Virginia and New Mexico — currently accept wagers on sports. The list is expected to grow by following year with many states considering invoices.

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