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NCAA removes integrity fees for sports betting
The National Collegiate Athletic Association (NCAA) of the USA will not be charging integrity fees on sports betting following the legalisation of sports betting in some states of the country.
The move to legalise sports betting by some states has created some problems also – along with the numerous opportunities it creates. Major sports organisations in the country are still checking how the move might influence their operations. There are also issues around the integrity of these sports, as well as the issue of third parties making money out of their intellectual property. Then there is the issue of integrity fees, especially with the NBA and MLB. That is where the announcement of the NCAA to do away with integrity fees assumes significance.
Integrity fee details
At the beginning of May 2018, the US Supreme Court legalised sports betting in the country. This meant that individual states could decide whether or not sports betting should be legalised in their jurisdiction.
A number of states have already passed bills and started offering these types of wagers, whereas others are taking a more cautious approach. Organisations strongly against sports betting include the NFL, NBA, MLB, NHL, and NCAA.
They were concerned that legalisation would lead to the integrity of their sports leagues being compromised as it would become a lot easier to bet on the outcome of games. They were also concerned that parties that accept bets on the games in the respective organisations will be benefitting from the league’s intellectual property.
Therefore, the likes of the NBA and MLB had been calling for the introduction of integrity fees. These would effectively be the league’s slice of the action for sports betting on games in their league. When the sports betting bill was being debated in the state of New York, for example, there was a provision for the leagues to get 0.2% of each wager.
The NCAA stance
The NCAA, which is the representative body for college sports in the U.S., has decided to change its stance on sports betting. The four predominant professional leagues in the country have been looking for these integrity fees, but the NCAA has now announced that it will not be looking for a cut. The main reason the leagues are looking for this fee is to pay for the oversight expenses that will be required for legalised sports betting.
The CFO and senior vice president of the NCAA, Kathleen McNeely, outlined the NCAA’s stance that sports betting should be regulated on a state level and that while the NCAA will not be pursuing integrity fees, individual schools can do so if they wish.
Essentially, the NCAA is looking to move away from having to monitor the integrity of games under their umbrella and instead place this in the hands of the participating schools. This, of course, would pass the burden of cost onto the individual schools.
McNeely said: “We will not be going after any gambling revenue. We know it will cost money to monitor, but (association president) Mark Emmert has been pretty firm in saying he doesn’t think it’s appropriate for the NCAA to try to access that revenue.”
There are different ways for universities to obtain these integrity fees. There has already been an agreement in West Virginia between the NBA, PGA Tour, MLB, Marshall University and West Virginia University on monitoring in association with the lottery commission in the state.
West Virginia was one of the first states to make sports betting legal. Both the NBA and MBL have been working hard across the country, lobbying lawmakers to try and get their cut, while the NFL and NCAA have been largely quiet in this regard. The NFL appears to be more in favour of sports-betting regulation at a federal level.
Source: vegasslotsonline.com
Source: Latest News on European Gaming Media Network
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TaDa Gaming Helps Players Go for Gold with Money Pot
TaDa Gaming is rounding up the year with pots of gold and a wealth of wins in Money Pot.
The feature loaded slot offers Scatters, Multipliers, Mystery Symbols, Jackpots and the Golden Lock & Respin feature, in a three reels, three rows, three fixed paylines release.
Traditional Yuanbao ingots bring multipliers from 0.5x to 10x depending on their colour. Mystery Symbols will spin and reveal Yuanbao, or the Mini, Minor and Major jackpots, which offer 15x, 25x and 50x the bet and can even trigger the bonus game which awards retriggerable Free Spins.
The Mystery Jackpot symbol can only reveal itself in the bonus game and nine identical symbols will trigger the Grand Jackpot for 3,000x the bet.
Caishen is both the Scatter, triggering the Golden Lock and Respin bonus game and a bonus collector. On a winning combination, he will collect and add all the Yuanbao symbols’ values to carry over to the bonus game. If there are no Yuanbao , multiplier symbols of 2x sequentially up to 20x the bet will take their place.
Money Pot also offers the TaDa Extra Bet feature. Players can choose either 1.5x bet to double the chance of triggering Golden Lock & Respin or 3x bet to quadruple the chances. Whatever they choose, the money pot is certainly on the table in this colourful and engaging release.
Sean Liu, Director of Product Management, TaDa Gaming, said: ‘As we approach Chinese New Year, we want our players to celebrate with immersive entertainment and multiple ways to win. Money Pot delivers on all fronts and, with 3,000x max win potential, it’s a great way to start the new year.’
The post TaDa Gaming Helps Players Go for Gold with Money Pot appeared first on European Gaming Industry News.
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ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform
FeedConstruct, a multi-award-winning provider of data feed solutions, has partnered with ALT Sports Data to integrate its specialized offerings into FeedConstruct’s innovative Odds Aggregator. This collaboration will grant operators access to a dynamic range of premier emerging and alternative sports content tailored for the evolving demands of modern bettors.
ALT Sports Data, renowned for its expertise in non-traditional and fast-growing bet-able sports, brings a fresh dimension to FeedConstruct’s platform. This partnership will enable betting operators to offer markets on some of the most engaging and content-rich properties across:
- Motorsports
- Combat Sports
- Action / Adrenaline Sports
The post ALT Sports Data Signs On as Latest Contributor to FeedConstruct’s Odds Aggregation Platform appeared first on European Gaming Industry News.
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Unleash your wild side with Potion of Madness
Play’n GO taps into the dark allure of duality with Potion of Madness, a bold, comic-book-inspired slot based on the timeless tale of Dr Jekyll and Mr Hyde.
Potion of Madness plunges players into a laboratory of chaos, where brilliant scientist Dr Jekyll and his monstrous alter ego, Mr Hyde, battle for control. This 5-reel video slot transforms with every Scatter, bringing Sticky Wilds, Re-Spins, and Free Spins into play. With its expanding reels and electrifying visuals, this slot delivers dynamic gameplay that keeps players captivated as they explore the fine line between hero and villain.
Potion of Madness builds suspense and excitement through its transformative mechanics. Dr Jekyll’s experiments unleash Wilds with every Scatter, while two Scatters trigger Re-Spins with Sticky Wilds. Three or more Scatters expand the reels to 5×6 during Free Spins, increasing paylines to 40 and boosting potential rewards with vertically expanding Wilds. Each feature ties seamlessly to the narrative, immersing players in a world of dramatic shifts and thrilling possibilities.
Fans of bold storytelling will appreciate Potion of Madness’s sharp visuals and compelling duality theme. Drawing inspiration from literary classics like Robert Louis Stevenson’s “Strange Case of Dr Jekyll and Mr Hyde,” this game mirrors the high-stakes drama of transformations. Players who enjoyed titles with evolving gameplay mechanics, such as Reactoonz, will find themselves drawn to the unpredictable and rewarding nature of this slot.
Head of Game Retention at Play’n GO, George Olekszy, said: “Potion of Madness captures the essence of thrilling unpredictability. With its dynamic features and evolving reels, players will find themselves immersed in a narrative-driven slot that offers both innovation and monstrous rewards.”
Potion of Madness promises to captivate players with its bold design and feature-rich gameplay – a must-play for those who relish narrative depth and the thrill of transformation.
The post Unleash your wild side with Potion of Madness appeared first on European Gaming Industry News.
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