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Ticker: Mohegan Sun suspends betting on WNBA; Audit: Cash piles up in racing fund

The Mohegan Sun casino announced Monday that it has suspended wagering on the WNBA after questions were raised over a potential conflict in taking bets on the Connecticut Sun, a team also owned by the Mohegan Tribe.

The issue came up after Gov. Ned Lamont opened the sportsbook last Thursday, the first day of legalized sports betting in Connecticut, by placing a $50 bet on the Sun to win its playoff game with the Chicago Sky.

The wager captured the attention of some experts and state lawmakers concerned about a potential conflict of interest with the Mohegan Sun accepting bets on the Sun, which plays in the arena located at the casino complex.

Casino officials said Monday they decided over the weekend to suspend betting on the WNBA playoffs at the sportsbook.

Audit: Millions in thoroughbred racing fund

A recent audit of the Massachusetts Gaming commission found millions of dollars in revenues from the state’s casinos piling up in a racing fund meant to support thoroughbred racing, according to the auditor’s office.

“Our audit makes clear the Commission should bring all relevant stakeholders to the table to consider the Race Horse Development Fund’s most effective use,” State Auditor Suzanne Bump said.

With no thoroughbred horse races in Massachusetts since June 2019, the thoroughbred purse money has been accumulating with no ability for it to be spent.

As of the end of August, the fund had a balance of more than $20.53 million with all but about $27,000 earmarked for the thoroughbred side of the racing world, according to the Gaming Commission.



from Boston Herald https://ift.tt/3iwQzat
Ticker: Mohegan Sun suspends betting on WNBA; Audit: Cash piles up in racing fund Ticker: Mohegan Sun suspends betting on WNBA; Audit: Cash piles up in racing fund Reviewed by Admin on October 04, 2021 Rating: 5

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