Here's Where the Sweepstakes Casino Saga Stands in Montana
Casinos offering sweepstakes in Montana facing potential banishment from operation
Sweepstakes casinos are facing a tough time in the US right now, especially in Montana. The state is on the brink of outlawing the iGaming loophole, making it the first to do so.
With the bill, SB555, sitting at 75% progression, it's nearly a done deal. The state's House and Senate have already given their nods to the bill. The only thing left is for Governor Greg Gianforte to put his signature on it, or risk a veto.
Montana's bill states that those defying its rules could face a hefty fine of "up to $50,000," or even imprisonment for "up to 10 years."
Background:
The bill, introduced by Senator Vince Ricci, aims to broaden the definition of illegal gambling to include sweepstakes casinos and crypto gaming platforms. If signed into law, Montana would become the first U.S. state to explicitly ban sweepstakes casinos, potentially setting a precedent for other states. Most operators have already steered clear of Montana, but the law would force the remaining ones to vacate or face severe consequences. Interestingly, Governor Gianforte has not publicly opposed the bill, making a veto seem unlikely.
Key Provisions and Penalties:
- Scope: The bill targets platforms using any form of currency - digital or physical - for betting, payouts, or wagering via communication technologies.
- Exemptions: State lotteries, nonprofit raffles, and simulcast facilities remain legal.
- Penalties:
- Violators face fines of "up to $50,000."
- Felony charges and prison sentences of "up to 10 years" are also possible.
- In Montana, sweepstakes casinos are facing the possibility of a ban, as the state is on the brink of outlawing the iGaming loophole, making it the first to do so.
- The bill, SB555, currently at 75% progression, is nearly a done deal, with the state's House and Senate already giving their nods to it.
- The bill, if signed into law, would force remaining sweepstakes casinos to vacate Montana or face fines of up to $50,000 and imprisonment for up to 10 years.
- Governor Greg Gianforte's decision on whether to sign SB555 could have far-reaching consequences in the field of business, politics, and general-news, as Montana could potentially set a precedent for other states regarding the outlawing of sweepstakes casinos.
