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ATLANTIC CITY, N.J. (AP) — The U.S. gambling industry won big at the polls Tuesday, with three states authorizing legal sports betting and three others either approving or expanding casino gambling.
On the evening of Nov. 6, 2001, all of Hong Kong was talking about the biggest jackpot the city had ever seen: at least HK$100 million (then about $13 million) for the winner of a single bet. 2 True Gambling Stories #002: Holdem & Holdups (With Guests Doyle Brunson and TJ Cloutier) 3 True Gambling Stories #003: Parlays & Paydays – $5 Sports Bet Wins Big 4 True Gambling Stories #004. Crazy Gambling Wins (and the Stories Behind Them) 0. By Dustin Koski on October 14, 2019 Misc. Chinese-Mexican businessman Zhenil Ye Gon lost a reported $120 million over the years gambling at the Venetian in Las Vegas. He often played $150,000 per hand in Baccarat. While his net worth is unknown, the Federales found $205 million in cash stashed in his Mexico City mansion.
Maryland, South Dakota and Louisiana approved sports betting. That sets up a situation in which by the end of next year more than half the country could have legal sports betting, less than three years after a U.S. Supreme Court ruling cleared the way for all 50 states to adopt it if they chose.
Virginia approved casino gambling in four locations, Nebraska authorized adding casino games at its horse racing tracks, and Colorado expanded the number and type of casino games it can offer, along with eliminating some wagering limits.
“It appears that Americans are becoming increasingly comfortable with legalized gambling,” said David Schwartz, a gambling historian with the University of Nevada Las Vegas. “The addition of casinos in Virginia and racetrack casinos in Nebraska indicates that casino-style gambling is on the upswing as well. We have reached a point where voters seem satisfied that legalizing gambling will offer positive returns for their state.”
The American Gaming Association, the casino industry’s main trade group, hailed the expansion votes.
“As a result of successful ballot measures in six gaming states, more Americans will have access to much needed job opportunities, dedicated tax revenue, and safe, regulated entertainment options closer to home,” said Bill Miller, the organization’s CEO.
By the end of 2021, at least 25 states and the District of Columbia could have legal sports betting in place.
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Voters in four Virginia cities — Bristol, Danville, Portsmouth and Norfolk — approved ballot measures authorizing casinos.
Caesars Entertainment released a statement thanking voters for approving the Danville proposal.
“We look forward to fulfilling the trust the voters have placed in us by bringing 1,300 good-paying jobs, tourism dollars and economic development to the city, and we are incredibly excited to begin construction,” CEO Tom Reeg said.
In South Dakota, the ballot question allows the Deadwood casinos to add in-person sports betting. For now, mobile sports betting, the largest and fastest-growing part of the industry, would not be permitted.
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Sports betting will become legal in Louisiana parishes that approved the measure; over three-quarters appeared to have done so.
Nebraska allowed casino games at racetracks in Omaha, Lincoln, Grand Island, Columbus and South Sioux City.
In Colorado, casinos in Central City, Black Hawk and Cripple Creek can do away with limits that restricted maximum bets to $100. They also will be able to offer new games including baccarat, keno, and a spinning wheel.
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