Evers signs a law legalizing online sports betting in Wisconsin [Yahoo! Finance Canada]
DraftKings Inc. - Class A (DKNG)
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Source: Yahoo! Finance Canada
But gamblers in Wisconsin will have to wait months or maybe even longer before they can start to legally place bets. The law Evers signed, which passed the Legislature with bipartisan support, requires the state to negotiate new deals with American Indian tribes that would run the sports betting. Evers said he would not accept a plan that treats any one tribe better than another. “The real work begins today,” he said in a statement. “Each of the 11 Tribes must now work diligently-and together-to shape the future of sports betting in Wisconsin. ... An approach that exacerbates long-standing inequalities among Tribal Nations is not good for Wisconsinites or Wisconsin. I will not entertain it as governor.” Gambling is legal in Wisconsin only on tribal lands under exclusive contracts between tribes and the state. Sports bets currently can be placed only at certain tribal casinos, and online sports betting is illegal. Under the new Wisconsin law, online sports betting would be all
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