Posts by Jill Dorson

Consumer Electronics Show Will Put Sports Technology Front and Center

Technology continues to be a primary catalyst driving the explosion of interest in sports, and subsequently sports wagering in the U.S., a fact noted by the organizers of the 2019 Consumer Electronics Show (CES) in Las Vegas Jan. 8-11.

The CES 2018 final audit revealed total attendance of 182,198 from 160 countries, including 6,645 verified media outlets. 

Technology continues to be a primary catalyst driving the explosion of interest in sports, and subsequently sports wagering in the U.S., a fact noted by the organizers of the 2019 Consumer Electronics Show (CES) in Las Vegas Jan. 8-11.

The CES 2018 final audit revealed total attendance of 182,198 from 160 countries, including 6,645 verified media outlets. 

The Consumer Technology Association (CTA), the group producing CES, says for the second year sports tech will be a major focal point at this year’s event, and CES will again launch its “Sports Zone,” a designated convention space at what is considered the foremost U.S. technology show. As for timing, this year’s CES follows the U.S. Supreme Court decision in May that removed the federal roadblock to individual states establishing and regulating their own sports wagering marketplaces.

 

Read more Consumer Electronics Show Will Put Sports Technology Front and Center on SportsHandle.

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Missouri’s Latest Sports Betting Bill Gives Royalty To Pro Leagues And NCAA

Missouri lawmakers seem intent on charging licensed sportsbooks some sort of royalty or other fee above and beyond taxes, application fees and other administrative costs.

Representative Cody Smith (R-District 163) became the second lawmaker to pre-file sports betting legislation in Missouri that includes such a fee. And this one would include a full

Missouri lawmakers seem intent on charging licensed sportsbooks some sort of royalty or other fee above and beyond taxes, application fees and other administrative costs.

Representative Cody Smith (R-District 163) became the second lawmaker to pre-file sports betting legislation in Missouri that includes such a fee. And this one would include a full one percent of handle that some professional leagues have been lobbying for since earlier this year, despite leagues lowering their “request” in numerous states to one-quarter of one percent.

HB 119, which was obtained by Sports Handle last week, does have a little bit of a twist – the fee would be broken into two parts, a three-quarters of one percent fee that would be paid to “registered” professional leagues and one-quarter of one percent fee that would be paid to the NCAA for wagers placed on games including at least one FBS football team or one Division I men’s basketball team. Smith’s bill states that “royalties received by public universities under this section shall be used solely for athletics compliance.”

 

Read more Missouri’s Latest Sports Betting Bill Gives Royalty To Pro Leagues And NCAA  on SportsHandle.

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The Week In Sports Betting And Sports: Hatchet Job, Rhode Island Launches

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

Give It a Rest, Orrin Hatch

It seems outgoing Republican senator Orrin Hatch can’t give up on his dream of keeping sports betting illegal (or at least putting it on a tight leash) in the U.S. Hatch, one of the original architects of PASPA, is circulating a draft of a federal bill to regulate sports betting. But Hatch is retiring and won’t be around to see this bill through. That’s right, the longest-serving Republican senator in history — Hatch was first elected in 1976 when the original “Rocky” was in theaters and Jimmy Carter was president — is retiring. So, why draft a bill?

Hatch is as conservative as they come. He’s from Utah, one of only two states in the U.S. without a state lottery, and is against gambling, among other things. The day PASPA was overturned, he promised new legislation. But to what end? Eight states have already legalized sports betting and seven have launched. Should Hatch’s bill get any legs, what happens in those eight states? Hatch’s draft bill would mandate that sportsbooks buy their data from the professional leagues or third third-party partners, and would require sportsbooks to submit their plans to the U.S. attorney general, in hopes of getting a three-year approval to operate. Really? All this bill will do is create one more layer of red tape and allow Congress to stick its fingers into states’ business and potentially trigger the same anti-commandeering states’ rights issue that caused PASPA’s demise.

This bill — all 37 pages of it — should just go away and Congress should walk away. But just like the professional leagues, which have continued to plea for an off-the-top fee (integrity, royalty, call it what you want) and been shut out in every single state, Congress is hard-headed. This bill is just the latest example of politics gone wrong.

 

Read more The Week In Sports Betting And Sports: Hatchet Job, Rhode Island Launches on SportsHandle.

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Kansas Remains A Battleground State For Sports Betting Integrity Fees

Kansas lawmakers are going back to school once again, and on Tuesday, they got quite an earful when Ohio senator Bill Coley said that he thought that none of the eight states that have legalized sports betting have gotten it right, according to US Bets.

Coley, who is the chairman of Ohio’s Senate Government Oversight

Kansas lawmakers are going back to school once again, and on Tuesday, they got quite an earful when Ohio senator Bill Coley said that he thought that none of the eight states that have legalized sports betting have gotten it right, according to US Bets.

Coley, who is the chairman of Ohio’s Senate Government Oversight and Reform Committee and heads the National Council of Legislators from Gaming States was invited to speak before a Kansas special committee. He’s clearly in the camp of the pro sports leagues, as he said “If we get it right, the big winners are the leagues. Mark Cuban said it right, the value of your franchise just doubles.”

A day after the hearing, the Kansas City Star reported that Coley had invited Kansas lawmakers to attend an industry sponsored conference in New Orleans in January. That invitation has Kansas lawmakers arguing in the press as Republican Bud Estes, the chairman of the Kansas Special Committee on Federal and State Affairs, which hosted Tuesday’s hearing, doesn’t see any conflict with attending the conference while Democrat John Carmichael called attending the conference “far beyond the bounds of propriety.”

 

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Understanding the NBA’s Sports Betting Data Deals With Sportradar, Genius Sports

A federal sports betting bill that surfaced on Tuesday helps shed light on a deal the National Basketball Association announced one week earlier — that it’s joining forces with both Genius Sports and Sportradar to form non-exclusive sports wagering data partnerships designed to supply data to sportsbooks in legal, regulated U.S. markets. 

The

A federal sports betting bill that surfaced on Tuesday helps shed light on a deal the National Basketball Association announced one week earlier — that it’s joining forces with both Genius Sports and Sportradar to form non-exclusive sports wagering data partnerships designed to supply data to sportsbooks in legal, regulated U.S. markets. 

The agreement with both companies, among worldwide industry leaders in providing betting data, includes all NBA teams and games and is effective immediately. The arrangement also includes the WNBA, when that league resumes action in the spring. 

The discussion draft of the bill from retiring Utah Senator Orrin Hatch’s office contains this provision on “authorized data,” regarding how state-licensed sportsbooks must grade wagers:

With respect to any sports wager accepted on or before December 31, 2022, provide that a sports wagering operator shall determine the result of a sports wager only with data that is licensed and provided by:

(I) the applicable sports organization; or

(II) an entity expressly authorized by the applicable sports organization to 24 provide such information.

Hatch is out of office soon and we have no idea what the 116th United States Congress may bring in 2019. But whether on a federal or state level — the former much preferred for the NBA — the league is laying the groundwork to have Genius Sports and Sportradar installed as the suppliers of real-time betting data and NBA products to legal sportsbooks across the country.

The NBA’s strategy of monetizing its data for U.S. sports betting has been apparent all along and began with Sportradar overseas in a deal worth $250 million over three years. The creation of multiple non-exclusive deals is key here in the U.S., for the NBA to guarantee competitive pricing and avoid accusations that it is seeking to create a data monopoly.

 
 

Read more Understanding the NBA’s Sports Betting Data Deals With Sportradar, Genius Sports on SportsHandle.

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D.C. Sports Betting Bill Moves Forward With No Amendments, Keeping Single-App System

After much debate, but with no new amendments, the District of Columbia Council voted 9-2 on Tuesday to advance its sports betting bill to a second hearing on Dec. 18. The bill, as written, will effectively allow the the D.C. Lottery to have a monopoly on mobile/internet sports betting within the District. It

After much debate, but with no new amendments, the District of Columbia Council voted 9-2 on Tuesday to advance its sports betting bill to a second hearing on Dec. 18. The bill, as written, will effectively allow the the D.C. Lottery to have a monopoly on mobile/internet sports betting within the District. It also allows in-person sports betting within five professional sporting venues around the city.

The second reading is the final reading, and if the bill passes, it moves on for the mayor’s signature and then for review by Congress (standard procedure).

The bill did not advance without ample discussion, and two council members who were adamantly opposed. In particular, councilman David Grosso said, “I don’t believe all of the hype that’s been going on around this legislation. … I believe there is a lot of self-interest in this debate and I believe that some of my (fellow council members) believe there will be millions and millions in revenue, and I don’t believe it.”

 
 

Read more D.C. Sports Betting Bill Moves Forward With No Amendments, Keeping Single-App System on SportsHandle.

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D.C. Sports Betting Bill Would Allow Sportsbooks in Professional Sports Arenas

If the sports betting bill that’s currently on the table in Washington, D.C. is approved as written on Tuesday, the District will be on the cutting edge of sports betting — the bill allows for five professional sports stadiums in Washington to have 24-hour-a-day sportsbooks that are open to the public.

According to

If the sports betting bill that’s currently on the table in Washington, D.C. is approved as written on Tuesday, the District will be on the cutting edge of sports betting — the bill allows for five professional sports stadiums in Washington to have 24-hour-a-day sportsbooks that are open to the public.

According to Councilman Jack Evans, the plan is to allow professional sports teams to open sportsbooks at Nationals Park (MLB), Audi Stadium (MLS), CapitalOne Arena (NBA and NHL), the Wizards practice facility and the yet-to-be approved/opened RFK Stadium (NFL).

The sportsbooks would be open to the public, with no ticket to a game required, and patrons would be able to place sports bets at any time. The locations will be referred to as “sports betting parlors.”

“The professional venues are clearly a real big market for everyone because everyone who goes the game wants to bet,” Evans said in an interview with Sports Handle on Friday. “My understanding is that the facilities, either leased or owned by the pro teams, are going to build (sports) betting parlors.”

The concept is relatively new — only the soon-to-be Las Vegas Raiders have dipped their toes into the idea of having a sportsbook on site. While gambling is currently prohibited at sporting venues in Las Vegas, the Raiders have partnered with Caesars Entertainment, and Becky Harris, chair of the Nevada Gaming Control Board, told the Las Vegas Journal-Review in November that if gaming proposals for sports venues — sports betting or otherwise — are brought to her attention, she’ll “assess them on their merits.”

 

Read more D.C. Sports Betting Bill Would Allow Sportsbooks in Professional Sports Arenas on SportsHandle.

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Missouri Lawmaker May Put Entertaining New Twist on ‘Integrity Fee’

Days after Representative Dean Plocher, (R-District 89) told the St. Louis Post-Dispatch that he anticipates sports betting “being out there” for discussion when the Missouri state legislature returns to session in January, Senator Denny Hoskins (D-District 21) is preparing to pre-file a sports betting bill finding an entirely different use for a cut of all

Days after Representative Dean Plocher, (R-District 89) told the St. Louis Post-Dispatch that he anticipates sports betting “being out there” for discussion when the Missouri state legislature returns to session in January, Senator Denny Hoskins (D-District 21) is preparing to pre-file a sports betting bill finding an entirely different use for a cut of all wagers that the pro sports leagues have sought to capture.

The bill, which was obtained by Sports Handle, fundamentally alters the “betting right and integrity fee” that would have paid the professional sports leagues as in Plocher and Hoskins’ SB 1013, dubbed the “Comprehensive Missouri Sports Betting and Sports Protection Act.

In a re-formed bill, a 1 percent fee taken off the top of all wagers would be halved to 0.5 percent and proceeds would be redirected to a newly created “Entertainment Facilities Infrastructure Fund,” to be used for the construction and maintenance of entertainment facilities, field houses, cultural facilities, convention centers, recreational facilities and more, as described in the act. Hoskins will file the bill on Saturday.

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D.C. Council Quashes Pro-League Fee, But Sports Betting Bill Moves On

The professional sports leagues struck out again on Wednesday when the D.C. City Council opted to remove language from its sports betting bill that would have payed the leagues a royalty. Entering Wednesday’s “mark-up” hearing in the Finance and Revenue Committee, a revised version of Bill 22-944 included a one-quarter of 1 percent cut of gross

The professional sports leagues struck out again on Wednesday when the D.C. City Council opted to remove language from its sports betting bill that would have payed the leagues a royalty. Entering Wednesday’s “mark-up” hearing in the Finance and Revenue Committee, a revised version of Bill 22-944 included a one-quarter of 1 percent cut of gross sports wagering revenue as a payout to the professional leagues. But the council unanimously agreed to cut the amendment that added that fee.

The net result is that the committee agreed to move the bill along to a first reading, set for Dec. 4. The goal is to get the bill voted on at a Dec. 16 meeting.

During the one-hour hearing, several other bills were discussed, but the committee spent about half an hour discussing sports betting. Key changes to the original bill included creating a two-block no-competition zone around designated gaming facilities; removing the mandate that sportsbooks use official league data and replacing that with the royalty; language reaffirming that the D.C. Lottery would regulate sports betting; and allowing mobile bettors to use the D.C. Lottery sports betting app around the city, but requiring them to use only the app approved by a gaming facility in said facility.

 

Read more D.C. Council Quashes Pro-League Fee, But Sports Betting Bill Moves On on SportsHandle.

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Missouri Lawmakers Will Continue Push for Sports Betting

Add Missouri to the growing list of states set to consider sports betting legislation in 2019.

“I certainly anticipate it being out there (in 2019) for discussion before the House and the Senate,” Representative Dean Plocher, (R-Des Peres) told the St. Louis Post-Dispatch this week.

Plocher sponsored legislation last spring that did

Add Missouri to the growing list of states set to consider sports betting legislation in 2019.

“I certainly anticipate it being out there (in 2019) for discussion before the House and the Senate,” Representative Dean Plocher, (R-Des Peres) told the St. Louis Post-Dispatch this week.

Plocher sponsored legislation last spring that did not advance in either legislative chamber. Multiple drafts of legislation were circulating even before the May U.S. Supreme Court decision that overturned the law banning states from offering Nevada-style, single-team sports betting.

Expect Sports Betting to Be on 2019 Legislative Agenda and Missouri May Consider a Payout to the Professional Leagues

 

Read more Missouri Lawmakers Will Continue Push for Sports Betting on SportsHandle.

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MGM Adds MLB to Its List of ‘Official Partners’

Major League Baseball is following in the footsteps of the NBA and NHL, and on Tuesday announced a partnership with MGM, which now becomes baseball’s official gaming and entertainment partner. MGM already has similar deals with the NBA and NHL, and now will have access to official data and sponsorship rights from three of the

Major League Baseball is following in the footsteps of the NBA and NHL, and on Tuesday announced a partnership with MGM, which now becomes baseball’s official gaming and entertainment partner. MGM already has similar deals with the NBA and NHL, and now will have access to official data and sponsorship rights from three of the four U.S. professional sports leagues.

The deal gives MGM non-exclusive rights to the MLB’s official stats, but the company will have exclusive rights to some of the league’s advanced stats.

“We are pleased to partner with MGM Resorts International, a clear industry leader in the sports gaming area, to work together on bringing innovative experiences to baseball fans and MGM customers,” said baseball commissioner Robert Manfred in an press release. “Our partnership with MGM will help us navigate this evolving space responsibly, and we look forward to the fan engagement opportunities ahead.”

MLB Falls Into Line With NBA, NHL in Naming MGM Its ‘Official Partner’ in a Non-Exclusive Deal

 

 

Read more MGM Adds MLB to Its List of ‘Official Partners’ on SportsHandle.

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MGM, Caesars Among Founding Members of Sports Betting Integrity Monitoring Group

MGM and Caesars are among the members of a new not-for-profit that will monitor integrity in sports betting. The organization, the Sports Wagering Integrity Monitoring Association, will bring together key gaming stakeholders, including state and tribal regulatory bodies, federal, state and tribal law enforcement, in an effort to uncover and prevent fraud and other

MGM and Caesars are among the members of a new not-for-profit that will monitor integrity in sports betting. The organization, the Sports Wagering Integrity Monitoring Association, will bring together key gaming stakeholders, including state and tribal regulatory bodies, federal, state and tribal law enforcement, in an effort to uncover and prevent fraud and other illegal activities related to sports betting and sporting events.

The group is modeled after the Europe Sport Security Association which monitors sports betting and sports events for fraud. 888Sport, PaddyPower/BetFair and William Hill are among ESSA’s members. According to SportTechie.com, ESSA was involved in the creation of SWIMA and the two organizations plan to work together to monitor integrity.

 
 

Read more MGM, Caesars Among Founding Members of Sports Betting Integrity Monitoring Group on SportsHandle.

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They’re Off: Rhode Island Becomes First New England State to Take Legal Sports Bets

Five months after legalizing sports betting and nearly 60 days after the projected opening date, a group of lawmakers and a corporate executive placed the ceremonial first sports bet at Rhode Island’s Twin River Sportsbook on Monday. In so doing, Rhode Island became the sixth non-Nevada state post-PASPA to open up for legal sports

Five months after legalizing sports betting and nearly 60 days after the projected opening date, a group of lawmakers and a corporate executive placed the ceremonial first sports bet at Rhode Island’s Twin River Sportsbook on Monday. In so doing, Rhode Island became the sixth non-Nevada state post-PASPA to open up for legal sports betting, and the first in New England.

Rhode Island Senate President Dominick Ruggerio, House Speaker Nicholas Matiello and Twin River Worldwide Holdings Chairman John Taylor Jr. placed the first bets after making remarks.

The sportsbook officially opened at 3 p.m. local time with an opening ceremony — in time for Monday Night Football. Rhode Island has only two casinos, Twin River and Tiverton, both owned by the same company. The Tiverton sportsbook is scheduled to open in December.

Rhode Island Becomes First in New England to Offer Sports Betting as Twin River Casino Hotel Opens Sportsbook

Read more They’re Off: Rhode Island Becomes First New England State to Take Legal Sports Bets on SportsHandle.

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South Dakota Special-Interest Group Wants Sports Betting Initiative

The fifth smallest state in the nation by population, South Dakota doesn’t want to be left out of the sports betting game. Known for Mount Rushmore and the scenic Black Hills, South Dakota has more than 30 commercial and tribal casinos, and if the Deadwood Gaming Association gets its way, sports betting will be

The fifth smallest state in the nation by population, South Dakota doesn’t want to be left out of the sports betting game. Known for Mount Rushmore and the scenic Black Hills, South Dakota has more than 30 commercial and tribal casinos, and if the Deadwood Gaming Association gets its way, sports betting will be on the menu by 2021. The association is working on a ballot measure and is going to ask state lawmakers to put it on the 2020 ballot.

South Dakota has had legal gaming since 1989 and 22 of the state’s casinos are located in Deadwood. Gaming is only legal in Deadwood and at tribal casinos, though the video lottery is legal across the state.

“We want to keep Deadwood a competitive gaming destination,” Mike Rodman, executive director of the Deadwood Gaming Association told Sports Handle. “A few years ago (2014), we put in craps and roulette for just that reason.”

Rodman said the goal would be to have legal sports betting in South Dakota beginning on July 1, 2021. His group has already submitted the ballot initiative to the state legislature’s research council and it is now being considered by the state attorney general’s office. Rodman said that so far, state lawmakers support the idea, as long as sports betting is limited to Deadwood and tribal locations.

 

Read more South Dakota Special-Interest Group Wants Sports Betting Initiative on SportsHandle.

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Expect North Carolina Lawmakers to Talk Sports Betting in ’19

North Carolina lawmakers haven’t officially broached the subject of legal sports betting, but that doesn’t mean ideas and conversations about the topic aren’t circulating around the state.

“This is an issue that’s on people’s minds, but I don’t know where our caucus stands, particularly the new members. I expect that the proper role for

North Carolina lawmakers haven’t officially broached the subject of legal sports betting, but that doesn’t mean ideas and conversations about the topic aren’t circulating around the state.

“This is an issue that’s on people’s minds, but I don’t know where our caucus stands, particularly the new members. I expect that the proper role for the state will be discussed as we enter the new session next year,” North Carolina senator Phil Berger told the Charlotte Observer in an email.

Several North Carolina lawmakers introduced legislation in 2018 to legalize daily fantasy sports, but none got to a vote. In neighboring South Carolina, at least one sports betting bill was filed in the state legislature, but did not reach a vote. Lawmakers, there, though, are enthusiastic about the possibility of legalizing sports betting.

 
 

Read more Expect North Carolina Lawmakers to Talk Sports Betting in ’19 on SportsHandle.

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Virginia Sports Betting Bill Filed Ahead of 2019 Session

The post Virginia Sports Betting Bill Filed Ahead of 2019 Session appeared first on SportsHandle.

Virginia on Tuesday became the latest state to make an earnest move toward legalizing sports betting in 2019 when Delegate Mark Sickles (D-District 43) prefiled HB 1638 ahead of the opening of the legislative session on

The post Virginia Sports Betting Bill Filed Ahead of 2019 Session appeared first on SportsHandle.

Virginia on Tuesday became the latest state to make an earnest move toward legalizing sports betting in 2019 when Delegate Mark Sickles (D-District 43) prefiled HB 1638 ahead of the opening of the legislative session on Jan. 9, 2019. The bill, which will be referred to committee for discussion, calls for a 15 percent tax rate on sports betting adjusted gross revenue, and a $250,000 licensing fee. There is no mention of a “royalty” or “integrity fee” to be paid to the professional sports leagues.

Lawmakers in Tennessee and Kentucky have also prefiled bills ahead of their sessions and several other states, including Michigan, Maryland and Massachusetts have publicly discussed sports betting recently.

Since the Supreme Court struck down the Professional and Amateur Sports Protection Act in May, seven states states outside of Nevada have either legalized or seen its authorized licensees begin accepting sports bets. Although Virginia is very much not a gaming state as casinos are prohibited by law, apparently sports betting may be on the table.

 

Read more Virginia Sports Betting Bill Filed Ahead of 2019 Session on SportsHandle.

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Mississippi Sports Bettors Crush It in Football, Causing Drop in Taxable Revenue

Mississippi sportsbooks saw a slight rise in handle in October, up to $32.8 million against $31.8 million in September. The Gulf Coast-area sportsbooks continued to account for more than half of handle across the state, writing $21.8 million in wagers. And football remains king, accounting for $22.5 million of the total handle.

Like both

Mississippi sportsbooks saw a slight rise in handle in October, up to $32.8 million against $31.8 million in September. The Gulf Coast-area sportsbooks continued to account for more than half of handle across the state, writing $21.8 million in wagers. And football remains king, accounting for $22.5 million of the total handle.

Like both New Jersey and Delaware, Mississippi’s hold, or win percentage, dropped significantly from September to October. During the first full month of football, the Magnolia State had a whopping 17.3 percent win percentage, but that plummeted to 3.59 percent in October. New Jersey’s October hold fell to 4.4 percent and Delaware’s fell to 3.5 percent.

For comparison, in Mississippi, the hold was 10 percent in August and Nevada traditionally has a 5 to 7 percent hold, so while 3.5 percent looks low, it’s not as alarming in context or as if the sportsbooks overall landed in the red.

 
 

Read more Mississippi Sports Bettors Crush It in Football, Causing Drop in Taxable Revenue on SportsHandle.

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Delaware Sees Slight Dip in Betting Handle for October

In October, Delaware’s total sports betting handle dropped almost $2 million, from $16,830,010 in September to $14,738,223, according to the latest report from the Delaware Lottery. But that $14.7 million September handle is the second biggest since the First State became the first state outside Nevada to offer full-fledged, legal sports betting

In October, Delaware’s total sports betting handle dropped almost $2 million, from $16,830,010 in September to $14,738,223, according to the latest report from the Delaware Lottery. But that $14.7 million September handle is the second biggest since the First State became the first state outside Nevada to offer full-fledged, legal sports betting in June.

Previously the state offered parlay wagering on NFL contests only, an offering that was “grandfathered” in under the 1992 federal law ruled unconstitutional by the Supreme Court in May. That law had banned full-fledged sports betting outside Nevada.

Delaware Park, located less than an hour from Philadelphia, remained the busiest sportsbook. Bettors placing $10.6 million in wagers there, compared to the $2.2 million handle at Dover Downs and $1.9 million at Harrington Raceway.

 
 

Read more Delaware Sees Slight Dip in Betting Handle for Octoberon SportsHandle.

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Get a Grip: The Week in Sports Betting and Sports: PA Launch Has Arrived

The post Get a Grip: The Week in Sports Betting and Sports: PA Launch Has Arrived appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three

The post Get a Grip: The Week in Sports Betting and Sports: PA Launch Has Arrived appeared first on SportsHandle.

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.

12 Billion Reasons There Is So Much Hype Around Pennsylvania Sports Betting; Launch Pad Readies at Hollywood Penn 

The Hollywood Casino in Pennsylvania will make history on Saturday when it fully opens the first legal sportsbook in PA to the public. More than a year after legalizing sports betting, Pennsylvanians will finally be able to legally place a bet — and the state will begin to reap expected financial gains from sports betting. They already have, actually, in the form of $10 million application fee apiece from the six properties so far to apply for a sports wagering license.

Of the eight states that have legalized sports betting, Pennsylvania is the only that that has just about two of everything — NFL teams, MLB teams and NHL teams. The only pro sport with only one Pennsylvania franchise is the NBA.

 
 

Read more Get a Grip: The Week in Sports Betting and Sports: PA Launch Has Arrived on SportsHandle.

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PA Sports Betting License Applications Keep Rolling In

The Pennsylvania Gaming Control Board received its sixth application for a sports betting license when the Valley Forge Casino Resort filed paperwork on Wednesday. Owned by Boyd Gaming, the sportsbook will be run by FanDuel, which also partnered with Boyd Gaming for “sports betting and online gaming opportunities across the United States,” in August.

The Pennsylvania Gaming Control Board received its sixth application for a sports betting license when the Valley Forge Casino Resort filed paperwork on Wednesday. Owned by Boyd Gaming, the sportsbook will be run by FanDuel, which also partnered with Boyd Gaming for “sports betting and online gaming opportunities across the United States,” in August. FanDuel also runs the sportsbooks at two Boyd Gaming facilities in Mississippi, the IP Casino Resort Spa in Biloxi, and Sam’s Town Hotel & Gambling Hall in Tunica.

The PGCB says there is no set timetable for approving the application. The board’s next regularly scheduled meeting is Nov. 28, which likely is too soon for the application to be considered. It’s more likely to be on the agenda for one of the December meeting dates.

Five casinos have already been approved for sports betting licenses in Pennsylvania, and in each of those cases, it took a minimum of 5 1/2 weeks between the date of application and board approval. None of the casinos have opened sportsbooks to date.

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Here’s Why Rhode Island Sports Betting’s Launch Is Delayed

Rhode Island lawmakers were counting on an immediate windfall of revenue from sports betting when they legalized sports wagering in June. But five months later, neither of the state’s two commercial casinos have opened their sportsbooks, and the projected opening date of Oct. 1 has come and gone.

Why? Testing of software is

Rhode Island lawmakers were counting on an immediate windfall of revenue from sports betting when they legalized sports wagering in June. But five months later, neither of the state’s two commercial casinos have opened their sportsbooks, and the projected opening date of Oct. 1 has come and gone.

Why? Testing of software is still ongoing, and negotiations between the state’s two casinos and William Hill and IGT, who will operate the sportsbooks, is taking longer than expected, according to Rhode Island Department of Revenue chief of information and public relations Paul Grimaldi.

“Our expectation is for sports betting to begin around Thanksgiving. I cannot give you a specific date today as it is dependent on the completion of testing of the IGT/William Hill sports betting software,” Grimaldi told Sports Handle in an e-mail Tuesday. “They released the software to the Division of Lottery on Nov. 5  We expect two weeks +/- for completion of the testing. The sportsbook will start taking bets once the software is certified.”

 
 

Read more Here’s Why Rhode Island Sports Betting’s Launch Is Delayed on SportsHandle.

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TN Lawmaker Files Sports Betting Bill Ahead of 2019 Session

One day after the mid-term elections, Tennessee state Representative Rick Staples (D-District 15)  filed the state’s first piece of sports betting legislation ahead of the 2019 session, which begins Jan. 8.  The bill, HB 0001, while an initial effort, covers many of the key points needed for meaningful legislation.

One day after the mid-term elections, Tennessee state Representative Rick Staples (D-District 15)  filed the state’s first piece of sports betting legislation ahead of the 2019 session, which begins Jan. 8.  The bill, HB 0001, while an initial effort, covers many of the key points needed for meaningful legislation.

The “Tennessee Sports Gaming Act,” filed on Nov. 7,  calls for legal sports betting “only in jurisdictions that approve sports betting by local option election.” This language seems to infer that legal sports betting would be brought to Tennessee voters and could potentially be approved on a county-by-county basis. In a similar situation in Louisiana, voters in some parishes approved daily fantasy sports, while voters in other did not.

The Tennessee bill calls for a 10 percent tax on a licensee’s adjusted gross income. Nevada’s 6.75 tax on gross sports betting revenue is the lowest of all states with legal sports betting while new sports betting jurisdictions in Pennsylvania and Rhode Island impose rates of 34 percent or higher. The bill would set the licensing fee at $7,500. 

 

Read more TN Lawmaker Files Sports Betting Bill Ahead of 2019 Session on SportsHandle.

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Updated KY Sports Betting Bill: 25 Percent Tax, Creation of Kentucky Gaming Commission, No Integrity Fee

Kentucky Senator Julian Carroll (D-District 7) refiled an updated version of his sports betting bill on Friday. The bill, which would create the independent Kentucky Gaming Commission, calls for a 25 percent tax on net sports betting revenue as well as allowing the Kentucky Lottery Association and existing horse racing associations to

Kentucky Senator Julian Carroll (D-District 7) refiled an updated version of his sports betting bill on Friday. The bill, which would create the independent Kentucky Gaming Commission, calls for a 25 percent tax on net sports betting revenue as well as allowing the Kentucky Lottery Association and existing horse racing associations to be granted licenses. Any other interested venues may also apply.

The tax rate applies to commercial sportsbooks and vendors, but not the Lottery Association’s license. And the bill would give all the regulatory power, including, it appears, determining what types of events could be bet on and whether mobile/online wagering is permitted, to the new Kentucky Gaming Commission. Unsurprisingly, there is no mention of any sort of fee or royalty benefiting professional sports leagues.

Kentucky lawmakers and stakeholders have had a busy few months studying sports betting, and it’s likely the state will be among the first to seriously consider legalizing sports betting in 2019. Carroll’s bill is likely just one of several that will be filed and considered when the state legislature goes back into session. Carroll, a former Kentucky governor, is a member of the state’s “working group” on sports betting.

 
 

Read more Updated KY Sports Betting Bill: 25 Percent Tax, Creation of Kentucky Gaming Commission, No Integrity Fee  on SportsHandle.

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DraftKings Rolls Out ‘Sportsbook Pools’ For The Newbie, Novice Bettor

For novice sports bettors who want to dip their toes in the gaming pool, but don’t have a good understanding of odds, moneylines or spreads, DraftKings has a new product that essentially dumbs down sports betting to the office-pool level.

The Boston-based company rolled out the new product on Thursday, the company’s “DraftKings

For novice sports bettors who want to dip their toes in the gaming pool, but don’t have a good understanding of odds, moneylines or spreads, DraftKings has a new product that essentially dumbs down sports betting to the office-pool level.

The Boston-based company rolled out the new product on Thursday, the company’s “DraftKings Sportsbook Pools,” a simplified way to bet that mimics those NCAA office pools that blanket the nation in March. The product was made available to New Jersey bettors this morning. According to a company press release, the Sportsbook Pools games will allow less experienced bettors an opportunity to play without having to understand the intricacies of sports betting.

“Millions of Americans have been playing in sports pools for years with their friends and coworkers, and now one of the most popular ways that fans can get ‘skin in the game’ is live on DraftKings Sportsbook,” said Matt Kalish, Chief Revenue Officer and co-founder of DraftKings. “DraftKings Sportsbook Pools features simple predictions, such as picking the winner of each NFL game weekly, combined with the potential to win jackpot-style prizes.”

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Key Sports Betting Lawmakers: Who Survived the Election, and Who’s Out

The post Key Sports Betting Lawmakers: Who Survived the Election, and Who’s Out appeared first on SportsHandle.

Besides the 36 gubernatorial races decided on Tuesday, the Nov. 6 elections will have an impact on the future of sports betting in some states. Several key lawmakers in states actively considering

The post Key Sports Betting Lawmakers: Who Survived the Election, and Who’s Out appeared first on SportsHandle.

Besides the 36 gubernatorial races decided on Tuesday, the Nov. 6 elections will have an impact on the future of sports betting in some states. Several key lawmakers in states actively considering legalizing sports betting lost their seats or were term-limited out, while others retained their posts and may see their influence elevate.

In Indiana, two key legislators, Ben Smaltz, whose Public Policy Committee held an intensive hearing on sports betting last month, hasn’t filed legislation, but could be a key drive. So could Ron Alting, Smaltz’s Senate counterpart. Both held off Democratic challengers to retain their seats.

In Kentucky, Adam Koenig, who retained his seat with 55 percent of the vote, hasn’t filed a bill yet, but hosted a comprehensive hearinghttps://sportshandle.com/ky-lawmakers-closing-in-on-sports-betting-bill-to-pass-in-19-hone-in-on-final-key-issues/ in October and appears to have taken the point on sports betting in the Bluegrass State. And in Massachusetts, chairman of the Committee on Economic Development and Emerging Technologies Joe Wagner, who ran unopposed, is carrying the torch.

 

 
 

Read more Key Sports Betting Lawmakers: Who Survived the Election, and Who’s Out on SportsHandle.

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Arkansas Legalizes Sports Betting Via Ballot Referendum, First Casino Licenses Issued

Arkansas voters on Tuesday legalized sports betting on the only mid-term election ballot initiative in the country dealing with sports betting. Issue 4, a ballot measure that amends the state constitution to allow sports betting, has passed.

As of 7 a.m. Wednesday, with 99 percent of votes counted, 54.1 percent of over

Arkansas voters on Tuesday legalized sports betting on the only mid-term election ballot initiative in the country dealing with sports betting. Issue 4, a ballot measure that amends the state constitution to allow sports betting, has passed.

As of 7 a.m. Wednesday, with 99 percent of votes counted, 54.1 percent of over 860,000 voters had checked “yes” and 45.9 percent “no” to authorizing casinos in four counties that may include sports wagering among their offerings to patrons.

Arkansas became the second state in its region to legalize sports betting after Mississippi did so last summer. None of its other border states offer legal sports betting, though Oklahoma, Missouri and Louisiana all have commercial or tribal casinos. Arkansas is the seventh state outside of Nevada to legalize sports betting behind Delaware, New Jersey, Mississippi, West Virginia, Pennsylvania and Rhode Island.

 
 

Read more Arkansas Legalizes Sports Betting Via Ballot Referendum, First Casino Licenses Issued on SportsHandle.

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DraftKings Campaigning To Bring Legal Sports Betting to Massachusetts

It appears that DraftKings believes its home state will be among the next to legalize sports betting, or wants to make sure that’s the case.

According to the Boston Herald, the Boston-based company has already kicked off a Boston-centric social-media campaign and will further pump up its public relations and lobbying efforts. Massachusetts

It appears that DraftKings believes its home state will be among the next to legalize sports betting, or wants to make sure that’s the case.

According to the Boston Herald, the Boston-based company has already kicked off a Boston-centric social-media campaign and will further pump up its public relations and lobbying efforts. Massachusetts lawmakers briefly entertained sports betting legislation this year, and the Massachusetts Gaming Commission commissioned a white paper to study sports betting in the Bay State, but no legislation was passed in 2018.

DraftKings currently operates an online sportsbook for New Jersey residents, and is leveraging the success of New Jersey bettors to get the attention of Massachusetts residents. Among the social media offerings is one that showcases a New Jersey bettor who won $325,000 when the Red Sox won their fourth World Series in 15 years late last month. According to the Herald, the social media campaign is tied to the the World Series and some New England Patriots’ games.

 

Read more DraftKings Campaigning To Bring Legal Sports Betting to Massachusetts on SportsHandle.

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Arkansas, Louisiana Voters to Decide on Legal Sports Betting, DFS

Voters in six states will decide issues related to gaming during the mid-term elections on Tuesday, but only two will consider measures directly related to sports betting and daily fantasy sports. Arkansans will have the opportunity to issue casino licenses to four casinos across the state, and those casinos could then offer gaming,

Voters in six states will decide issues related to gaming during the mid-term elections on Tuesday, but only two will consider measures directly related to sports betting and daily fantasy sports. Arkansans will have the opportunity to issue casino licenses to four casinos across the state, and those casinos could then offer gaming, including sports betting.

In Louisiana, voters will decide whether or not to legalize daily fantasy sports games, but the Louisiana state constitution requires that this decision be made on a parish-by-parish basis. In the end, some Louisiana parishes could vote to make daily fantasy games legal while others could vote against it.

If approved, Arkansas’ Issue 4 would authorize casinos in Crittenden, Garland, Pope, and Jefferson counties. Two of the licenses would automatically be granted to Southland Racing Corporation and Oaklawn Jockey Club. For the other two licenses, applicants in Pope and Jefferson counties would have to apply and prove their experience in casino gaming.

 
 
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New Mexico Lottery to Offer Game Tied to Sports

The New Mexico Lottery Board on Tuesday voted to approve a game linked with the outcome of sporting events, the Santa Fe New Mexican reported. The game will mark the second venture for an entity in New Mexico to offer sports betting after the Supreme Court struck down the Professional and Amateur Sports

The New Mexico Lottery Board on Tuesday voted to approve a game linked with the outcome of sporting events, the Santa Fe New Mexican reported. The game will mark the second venture for an entity in New Mexico to offer sports betting after the Supreme Court struck down the Professional and Amateur Sports Protection Act in May. Just last month, the tribal-owned Santa Ana Star Casino & Hotel, with USBookmaking as its operator, launched a sportsbook. 

Though details of the new lottery game were not made public, it’s likely it will involve parlay wagering, similar to Delaware’s sports lottery. In such a game, players must select the winners of at least three sports events and select each one correctly in order to win.

The driving force behind developing a sports-related lottery game is to generate more money for education, which the lottery funds. Lottery CEO David Barden told the Santa Fe New Mexican that the new game could produce $30 million a year, with $9 million to be directed to the lottery’s college tuition assistance program.

 
 

Read more New Mexico Lottery to Offer Game Tied to Sports on SportsHandle.

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Harrah’s, Rivers and Sugarhouse Casinos Approved for PA Sports Wagering Certificates

The Pennsylvania Gaming Control Board approved applications for three more sports betting certificates at its Wednesday morning meeting, bringing the total number of casinos licensed for PA sports betting to five. Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino) all

The Pennsylvania Gaming Control Board approved applications for three more sports betting certificates at its Wednesday morning meeting, bringing the total number of casinos licensed for PA sports betting to five. Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino) all got board approval. Rivers and Sugarhouse are both owned by Rush Street Gaming.

Wednesday’s meeting went smoothly with all three applicants making detailed presentations. The petitions were approved immediately after the final presentation. Each company reviewed its gaming history, both in Pennsylvania and in other states, shared plans for what their temporary and permanent sportsbooks will look like and briefly touched on the desire to roll out internet and mobile gaming sooner than later. The focus on Wednesday, however, was the brick-and-mortar locations.

Pennsylvania initially made 13 sports betting certificates available — one for each licensed casino — and with Wednesday’s approvals, five have been claimed and approved.

 

Read more Harrah’s, Rivers and Sugarhouse Casinos Approved for PA Sports Wagering Certificates on SportsHandle.

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Examining Answers to Key Sports Betting Questions in Illinois

After hearing from a bevy of sports betting professionals, major professional leagues, players’ associations, and those opposed to sports betting, Illinois lawmakers continue slow and steady on their approach to legal sports wagering. While the state legislature has been considering different types of gaming for more than a decade, it has been slow

After hearing from a bevy of sports betting professionals, major professional leagues, players’ associations, and those opposed to sports betting, Illinois lawmakers continue slow and steady on their approach to legal sports wagering. While the state legislature has been considering different types of gaming for more than a decade, it has been slow to act. And it appears things will be no different when it comes to sports betting.

Illinois currently has 10 casinos and three active racetracks, and there has been discussion in the state legislature about approving additional venues, particularly in the city of Chicago. But politics and procedural questions have long slowed the process. Representative Bob Rita (D-District 28) organized and held two hearings on sports betting, the most recent in the state capitol of Springfield on Oct. 17. In the final analysis, the hearing may have provided more questions than answers:

  • What will the tax rate be?;
  • What will the mobile/internet component look like?;
  • Will there be any kind of payout to the professional leagues? The players’ associations?;
  • Where will the state’s cut of sports betting revenue go?; and
  • Whose bill will make it to a vote?

Sports Betting Hearings Left IL Lawmakers With More Questions Than Answers, So Don’t Expect a Bill to Be Filed Until 2019. 

Rita said last week that he doesn’t expect sports betting to come before the Illinois general assembly until the new session begins in late January. The state does have a two-week “veto session” around Thanksgiving, but it’s highly unlikely that any legislation will be far enough through the pipeline to be considered at that point. There’s multiple sports betting bills floating around the general assembly, some to do with sports betting, others to do with daily fantasy sports and still others to do with iGaming. But none, according to Rita, address all the relevant issues, and none have made it to a full vote.

 

Read more Examining Answers to Key Sports Betting Questions in Illinois on SportsHandle.

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PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday

The Pennsylvania Gaming Control Board will hear and vote on petitions for three sports wagering certificates at its regularly scheduled meeting on Wednesday. Should all three petitions be approved, the number of properties licensed to operate sportsbooks in Pennsylvania will increase to five.

At its Oct. 3 meeting, the board approved sports betting licenses

The Pennsylvania Gaming Control Board will hear and vote on petitions for three sports wagering certificates at its regularly scheduled meeting on Wednesday. Should all three petitions be approved, the number of properties licensed to operate sportsbooks in Pennsylvania will increase to five.

At its Oct. 3 meeting, the board approved sports betting licenses for Mountainview Thoroughbred Racing, LLC, operator of the Hollywood Casino at Penn National Race Track, and Greenwood Gaming, operator of the Parx Casino and South Philadelphia Turf Club.

On Wednesday, it will consider applications from Chester Downs and Marina, LLC (Harrah’s Philadelphia Casino and Racetrack), Holdings Acquisitions Co., LP (Rivers Casino) and SugarHouse HSAP Gaming, LP (SugarHouse Casino). Pennsylvania has 13 sports betting certificates available — one for each licensed casino in the state — and to date, five have been claimed or applied for and eight remain. The application fee is $10 million and gross sports betting revenue is subject to a 36 percent tax (34 percent state, 2 percent local).

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Read more PGCB to Hold Hearings, Vote on Three More Sports Wagering Certificates Wednesday on SportsHandle.

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Week 9 College Football Picks: Take Iowa Over Overvalued Penn State

The post Week 9 College Football Picks: Take Iowa Over Overvalued Penn State appeared first on SportsHandle.

Each week we’ll be providing our top college football picks.

Also check out our NFL “Lookahead Lines” story, finding value (or not) by comparing earlier lines, and identifying recency bias.

Back to

The post Week 9 College Football Picks: Take Iowa Over Overvalued Penn State appeared first on SportsHandle.

Each week we’ll be providing our top college football picks.

Also check out our NFL “Lookahead Lines” story, finding value (or not) by comparing earlier lines, and identifying recency bias.

Back to the college game (season record: 11-9) … This week we look at three live underdogs and a big favorite in the Big Ten.

College Football Picks Week 9: Take Iowa Over Penn State; Maryland Should Have a Fairly Easy Time With Illinois

cfb picks week 9 iowa penn state

Iowa +6.5 over Penn State

Penn State continues to be the most overvalued team in college football. After losing two straight, the Nittany Lions managed to squeak by a bad Indiana team last week, 33-28, as a 14-point favorite. Penn State won the game despite being outgained by 137 yards.

Iowa has won three consecutive games by a combined score of 113-47 and is coming off a 23-0 shutout over Maryland. The Hawkeyes have been money on the road in recent years, going 22-10-1 ATS in its last 33 games away from home.

It seems like people still aren’t buying into Iowa, but the Hawkeyes have outgained five opponents by at least 100 yards and their only blemish this season was a tough loss at Wisconsin. Penn State has failed to cover its last two games as favorites, while Iowa is 4-0 ATS in its last four road games dating back to last year.

The money came in on Penn State early with the line opening between 4.5-6 and up to 6.5 at most Las Vegas sportsbooks. I expect the money to come in the other way as we get closer to kickoff. Almost a touchdown is too much to give in what should be a close game throughout.

I’ll gladly take the Hawkeyes plus the points with a small wager on the Iowa ML +210.


Texas A&M +1 over Mississippi State

These two teams are going in opposite directions. Texas A&M has won three straight and is coming off a bye, while Mississippi State has lost three of four.

The Bulldogs were expected to be Alabama’s biggest threat in the SEC West, but have struggled on the offensive side of the ball. Mississippi State has scored seven points or fewer in its last three losses.

The Bulldogs aren’t likely to get the offense going this week. Texas A&M allows just 78 yards per game rushing and 3.1 yards per carry. The Aggies’ defense has held its last three opponents to a season-low in total yards. Mississippi State will need to throw the ball to win this game and that won’t be easy.

Quarterback Nick Fitzgerald is coming off a game versus LSU where he threw for 59 yards and four interceptions while completing just 33 percent of his passes. Fitzgerald has thrown for fewer than 100 yards in three straight games with no touchdowns and five interceptions.

The Aggies are 6-1 ATS this season and after starting 3-0. Mississippi State is 1-3 SU and ATS in its last four games. I’ll call for the small road upset here. Keep in mind the line opened at 3 and has come down to 1.


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Kentucky +7 over Missouri

I took Kentucky last week as a 14-point favorite over Vanderbilt. They won, 14-7, failing to cover in one of the ugliest games you’ll ever see. I’m going back to the Wildcats getting a touchdown on the road to Missouri this week.

The Tigers hammered Memphis last Saturday, 65-33, as a nine-point favorite. Memphis is a perfect opponent for Missouri because it has one of the worst defenses in the country. The Tigers face a much tougher test this week against Kentucky. The Wildcats rank 11th in total defense, holding opponents to 108 yards below their season average.

Kentucky is also 14th in pass efficiency defense and its defensive front should create problems for Missouri quarterback Drew Lock. Lock’s numbers are great against weaker competition, but he has a TD to interception ratio of 21-28 versus Power 5 bowl opponents.

Missouri has played four Power 5 teams this year, beating Purdue by three, losing to Georgia by 14, losing to South Carolina by three and losing to Alabama by 29. A touchdown is too much here with an overvalued Missouri team. Kentucky has won three straight in this series. Make it four.


Maryland -17.5 over Illinois

This is the first meeting between the two schools and Illinois comes in losers of four of its last five games. The Illini have been outscored in their last two games, 95-27, in losses to Purdue and Wisconsin.

Maryland got shut out, 23-0, on the road in Iowa last week, but I view the Hawkeyes as one of the top teams in the Big Ten. The Terrapins have taken care of business versus teams they’re supposed to beat this year, defeating Bowling Green by 31, Minnesota by 29, and Rutgers by 27.

Maryland is tough when it can run the football with running backs Ty Johnson and Anthony McFarland. Expect that to be the case on Saturday against an Illinois defense allowing 273 rushing yards per game and 6.1 yards per rush in Big Ten play.

Maryland is 4-3 and 3-1 at home while playing one of the nation’s toughest schedules. It gets a breather this week in the reeling Illini who are just 8-19 ATS in their last 27 as an away dog. The Terrapins romp at home.


Also check out The Pro Football Handle: NFL Week 8 has both a potential NFC Championship preview in Saints vs. Vikings and the worst game of the year with 49ers vs. Cardinals. The New York Football Giants are in the midst of a fire sale and the Oakland Raiders are officially in tank mode. There are some crazy lines this week, listen below for complete insight and some laughs:

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The post Week 9 College Football Picks: Take Iowa Over Overvalued Penn State appeared first on SportsHandle.

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How States Are Spending Their Sports Betting Tax Revenue

As states across the country are discussing legal sports betting, there has been much ado about sportsbooks operating on thin margins, which is news to a lot of lawmakers. By most accounts, a sportsbook earns between $1-$2 in net revenue from every $100 bet after all the money is divvied up. So where does the money

As states across the country are discussing legal sports betting, there has been much ado about sportsbooks operating on thin margins, which is news to a lot of lawmakers. By most accounts, a sportsbook earns between $1-$2 in net revenue from every $100 bet after all the money is divvied up. So where does the money go?

Much of it goes back to the winning bettors and there are the obvious expenses — paying employees, buying software and equipment, purchasing or renting space. And then there are taxes. The seven states that have legalized sports betting so far* apply wildly different tax rates on gross sports wagering revenue, from 6.75 percent in Nevada to more than 50 percent in Rhode Island.

In states currently seeking to become a legal sports betting states, some lawmakers are looking to earmark tax revenue for specific programs. In Kentucky, legislators hope it will help alleviate the state’s (humongous) pension-fund issue and in Illinois lawmakers are hoping sports betting revenue will put a dent in the state’s budget shortfall, which is $1.2 billion for fiscal year 2019. Others like Washington D.C. are eyeing Arts and Humanities, and early childhood education programs.

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Football Is King: MS September Sports Betting Handle Reaches $31.77 Million

It’s official — Mississippi loves it some football. The state’s gaming commission released its September sports betting numbers on Monday, and they are sky high. Magnolia State sports bettors wagered $31.77 million and produced $5.5 million in taxable revenue during the first full month of professional and college football. Those numbers dwarf

It’s official — Mississippi loves it some football. The state’s gaming commission released its September sports betting numbers on Monday, and they are sky high. Magnolia State sports bettors wagered $31.77 million and produced $5.5 million in taxable revenue during the first full month of professional and college football. Those numbers dwarf August, which had $644,489 in taxable revenue on a $7.7 million handle.

The handle includes futures bets made, while the taxable revenue does not include futures bets, many of which are not yet decided.

Most notable was the state’s win percentage, which was a whopping 17.3 percent. For comparison, that number was 10 percent in August and Nevada traditionally has a 5 to 7 percent hold.

 

Read more Football Is King: MS September Sports Betting Handle Reaches $31.77 Million on SportsHandle.

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After Spirited Hearing, Indiana Lawmakers Will Continue to Explore Sports Betting

Indiana on Friday became the latest state to hold a sports betting hearing, when lawmakers heard from various corners of the industry — a technology provider, the NBA, an anti-gambling group and small business owner Patrick Doerflein, who owns an app called “Burn and Bet,” referred to himself as a “hillbilly guy from

Indiana on Friday became the latest state to hold a sports betting hearing, when lawmakers heard from various corners of the industry — a technology provider, the NBA, an anti-gambling group and small business owner Patrick Doerflein, who owns an app called “Burn and Bet,” referred to himself as a “hillbilly guy from Brown County” and asked legislators not to over regulate.

While the session had moments of levity, it was a very different sort of hearing in Illinois on Wednesday. Indiana state lawmakers put forth several sports betting bills in 2018 and the Gaming Commission signed on with a market analysis firm, but Hoosier State legislators on the Interim Joint Public Policy Committee still appeared to be in the early learning stages of learning about sports wagering.

One lawmaker asked if a technology professional had said “toad system” when he was referring to a “tote system,” and another asked NBA executive Dan Spillane if any states that have legalized sports betting passed a law granting the league an “integrity fee.” (None have.) This was in stark contrast to contract with gaming entities independently?”

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Study: MLB, NBA to Yield Combined $1.7 Billion From Legal Sports Betting

The American Gaming Association on Thursday released the results of two more Nielsen studies, showing how America’s professional sports leagues stand to benefit from legal, regulated sports betting. The latest studies indicate that Major League Baseball will see a revenue increase of $1.106 billion, and the NBA is look at a $585 million

The American Gaming Association on Thursday released the results of two more Nielsen studies, showing how America’s professional sports leagues stand to benefit from legal, regulated sports betting. The latest studies indicate that Major League Baseball will see a revenue increase of $1.106 billion, and the NBA is look at a $585 million bump. Combined with research from previous studies on the NFL and NHL, U.S. professional sports leagues can expect an overall combined revenue boost of $4.23 billion.

The increased revenue won’t come from the “integrity fee” or “royalty” that some of the professional sports leagues have been lobbying for, but rather from increased fan engagement (media rights, sponsorships, merchandise, tickets) and through gaming (TV advertising, sponsorships, data packages).

According to the studies, MLB will net $952 million from increased fan engagement and $154 million from gaming-related revenue. The NBA should see increases of $425 million and $160 million, respectively. Results of previous studies showed that the NFL will see the biggest benefit, an overall increase in revenue of $2.33 billion, and the NHL can expect an increase of $216 million.

 

Read more Study: MLB, NBA to Yield Combined $1.7 Billion From Legal Sports Betting on SportsHandle.

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Hearing Reveals Illinois Lawmakers Moving Toward Legalizing Sports Betting

If anything became clear from Wednesday’s Joint Committee on Revenue in Finance in Illinois it was this: Illinois lawmakers are eager to pass a bill legalizing sports wagering in Illinois. The question — or questions — are what the bill will look like. During the four-plus hour hearing in Springfield, lawmakers heard from gaming

If anything became clear from Wednesday’s Joint Committee on Revenue in Finance in Illinois it was this: Illinois lawmakers are eager to pass a bill legalizing sports wagering in Illinois. The question — or questions — are what the bill will look like. During the four-plus hour hearing in Springfield, lawmakers heard from gaming stakeholders, representatives from individual cities and towns, pro sports players’ associations, Major League Baseball and the Chicago White Sox, various horsemen’s groups and racetracks and those opposed to sports betting.

Questions from the bi-partisan panel of lawmakers almost exclusively focused on details, suggesting that many had already made the decision that legal sports betting is right for Illinois. But the devil is in the details, and when it comes to legalizing sports betting, there are many, many, many details.

The hearing was put together by Representative Bob Rita (D-District 28) and was the second of two in the last few months. Rita introduced SB 7 in 2017, and the bill has gone through multiple iterations and evolved into a comprehensive bill that contemplates online gaming and daily fantasy sports as well.

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Where Do Gubernatorial Candidates Stand on Sports Betting? West Edition

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting ranks among the key issues in any state elections — or as a topic of campaign trail conversation at all.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting ranks among the key issues in any state elections — or as a topic of campaign trail conversation at all.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor in electing a governor (although there are single issue voters on very issue), but there are some states in which the legislature has been actively exploring sports betting and having a “friendly” governor will speed the process in those states.

Using the Mighty Mississippi as our divider, we present our findings in two parts. Part I on the East is available here.

Read more Where Do Gubernatorial Candidates Stand on Sports Betting? West Edition on SportsHandle.

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Sports Betting on Agenda This Week In Indiana, Illinois and Washington, D.C.

Indiana, Illinois and the District of Columbia will have hearings on sports betting this week. Both the Indiana and Illinois hearings are informational, ahead of the midterm elections and winter sessions, while the D.C. Council hearing could be the first step in legalizing sports betting before the end of the year.

Indiana, Illinois and the District of Columbia will have hearings on sports betting this week. Both the Indiana and Illinois hearings are informational, ahead of the midterm elections and winter sessions, while the D.C. Council hearing could be the first step in legalizing sports betting before the end of the year.

In Indiana, the Interim Study Committee on Public Policy, chaired by Representative Ben Smaltz (R-District 52) will hear public testimony and have a committee discussion about legal sports betting before issuing a recommendation on the topic on Friday beginning at 12 p.m. ET.  The Indiana General Assembly adjourned in March without legalizing sports betting.

Sports betting was definitely a hot topic among some members of the assembly, and in January, Representative Alan Morrison (R-District 42) introduced HB 1325, a sports wagering bill that marked the first appearance of a bill containing several pro leagues’ “Model Legislation” language and a 1 percent “integrity fee” that they’ve been after.  The bill died in committee and no additional legislation was introduced before the session closed. On the Senate side, Jon Ford (R-District 38) also introduced legislation, but it, too, died in committee.

 

Read more Sports Betting on Agenda This Week In Indiana, Illinois and Washington, D.C. on SportsHandle.

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KY Lawmakers Closing In On Sports Betting Bill to Pass in ’19, Hone In On Final Key Issues

Expect Kentucky to among the first movers on sports betting when the state legislature goes back into the session in January. On Friday, state lawmakers heard from a bevy of sports betting and gaming professionals during a hearing before the Interim Joint Committee on Licensing, Occupations and Administrative Regulations. It was the second

Expect Kentucky to among the first movers on sports betting when the state legislature goes back into the session in January. On Friday, state lawmakers heard from a bevy of sports betting and gaming professionals during a hearing before the Interim Joint Committee on Licensing, Occupations and Administrative Regulations. It was the second such meeting before an interim joint committee ahead of Kentucky’s 2019 session.

“I think you definitely will see one if not multiple bills in Kentucky,” said Global Market Advisors’ Director of Government Affairs Brendan Bussman. “There is definitely a will within some of the active members there who want to bring this up, and there is no reason why they shouldn’t.”

Though the hearing was comprehensive and there were plenty of questions from legislators, it’s unlikely that much will happen in the next month ahead of mid-term elections. That said, a sports betting bill was pre-filed earlier this year, a second is in the works, according to a source, and there could be more to come.

 

Read more KY Lawmakers Closing In On Sports Betting Bill to Pass in ’19, Hone In On Final Key Issues on SportsHandle.

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Get a Grip: The Week in Sports Betting & Sports: SVP, G2E & New Mexico’s a ‘Go’

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key

It’s information overload everywhere, and there’s not time enough to sleep and eat and stay fully apprised of what’s happening on this crazy blue dot of ours (two out of three ain’t bad).

Here’s the weekend Sports Handle item, “Get a Grip,” recapping the week’s top stories, and rounding up key stories in sports betting, gaming, and the world of sports at large. You may have missed them, and they are worth reading.


SVP: Legal Sports Betting Just ‘Common Sense’


ESPN personality Scott Van Pelt didn’t pussyfoot around his thoughts on sports betting at the Global Gaming Expo (G2E) in Las Vegas earlier this week. Nope, the sometimes irreverent, always hip late-night sports jock just said it like it is on why sports betting should be legal.

“Because I have common sense,” he said in answer to a question from the American Gaming Association’s Sara Slane, per CDC Gaming Reports. “I live in a state (Connecticut) where I can buy lottery tickets at a gas station, go to a casino and play blackjack, but I can’t bet on the Red Sox or the Yankees? People bet. They are adults. I’m in favor of adults doing adult things.”

Van Pelt shared his thoughts on how fast states across the nation would legalize sports betting — “Maybe six months, a year, we’ll get to a point where everyone, even grandma, is out on the dance floor.” And if that would compromise the integrity of games — “You have to be vigilant. You have to be concerned, but you just can’t listen to the conspiracy theorists and the idiots on Twitter”.

 

Read more Get a Grip: The Week in Sports Betting & Sports: SVP, G2E & New Mexico’s a ‘Go’  on SportsHandle.

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Where Do Gubernatorial Candidates Stand on Sports Betting? East Edition

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting was among the key issues in any states, or at least on the keychain.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor in electing a governor, but there

 

Thirty-six states will elect governors next month, and we at Sports Handle wondered if sports betting was among the key issues in any states, or at least on the keychain.

In most cases, sports betting is not a hot topic and likely won’t be a deciding factor in electing a governor, but there are some states where legislatures have been actively exploring sports betting — and having a “friendly” governor will speed the process in those states. But in some cases, sports betting is a non-issue for the election.

Using the Mighty Mississippi as our divider, we present our findings in two parts. Today’s Part I focuses on where gubernatorial candidates in the East stand on sports betting:

Sports Betting Legalization’s Impact on Governor Races Across the U.S.: ‘East Coast’ Edition Looks Up and Down The Atlantic And Over to Central States

Alabama: Democrat Walt Maddox said in August that he believes sports betting should be part of the equation to solve the state’s financial troubles. After tweeting about that in August, he has not offered any additional thoughts on sports betting. The front-runner and incumbent, Republican Kay Ivey, has not weighed on sports betting, and for that matter, according to AL.com, has been avoiding debates or discussing the issues in general.

Read more Where Do Gubernatorial Candidates Stand on Sports Betting? East Edition on SportsHandle.

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New Jersey Adds Additional 1.25% Tax on Sports Betting Revenue

Less than five months after New Jersey won the Supreme Court battle that allowed its casinos to offer sports betting, taxes are going up. According to the Press of Atlantic City, Governor Phil Murphy signed off on a 1.25 percent sports betting tax increase last week to benefit the state’s ailing Casino Reinvestment

Less than five months after New Jersey won the Supreme Court battle that allowed its casinos to offer sports betting, taxes are going up. According to the Press of Atlantic City, Governor Phil Murphy signed off on a 1.25 percent sports betting tax increase last week to benefit the state’s ailing Casino Reinvestment Development Agency. That brings the tax on net sports betting revenue to 9.75 percent at brick-and-mortar sports books and 13 percent on mobile and online sports betting.

For comparison, Nevada taxes its sports betting revenue at 6.75 percent, West Virginia at 10 percent and Mississippi at 12 percent. Sportsbooks haven’t opened in Pennsylvania yet, but the rate there will be 36 percent, while Delaware and Rhode Island (which expects to open for sports betting next month) effectively pay more a more than 50 percent tax rate under partnership programs with their state governments.

The CRDA will earmark the funds for “marketing and promotion.” According to the Press of Atlantic City, the additional tax from casino sportsbooks will be used to market Atlantic City specifically while the additional tax revenue generated from Monmouth Park and the Meadowlands Racetrack will be funneled directly to the towns in which the tracks are located.

Read more New Jersey Adds Additional 1.25% Tax on Sports Betting Revenue on SportsHandle.

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Ohio Lawmakers Hold Meetings in Preparation of Drafting Sports Betting Bill

Ohio lawmakers on Tuesday hosted two meetings as the first step to crafting passable sports betting legislation. The meetings, hosted by senators John Eklund and Sean O’Brien (D-District 32), left Eklund feeling like lawmakers are on the right path.

“We’re taking the information we gathered at these meetings and the sponsors will get

Ohio lawmakers on Tuesday hosted two meetings as the first step to crafting passable sports betting legislation. The meetings, hosted by senators John Eklund and Sean O’Brien (D-District 32), left Eklund feeling like lawmakers are on the right path.

“We’re taking the information we gathered at these meetings and the sponsors will get together and see if we can put some meat on the bones,” he said. “We’ll draft a bill and then entertain comments and suggestions, and I’d hope we might have a substantive bill ready to go. If not, we might need some more meetings.”

Eklund is aiming to have an outline done in a couple of weeks and, with any luck, a bill drafted shortly after that. Both the Ohio Senate and House have up to six sessions on the calendar in November and up to seven each in December. The goal would be to pass legislation before the end of 2018, otherwise, a new bill would need to be introduced at the start of the 2019 session.

 

Read more Ohio Lawmakers Hold Meetings in Preparation of Drafting Sports Betting Bill  on SportsHandle.

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Scientific Games Acquires Don Best Sports

 

The parade of change continues in the nation’s nascent sports wagering industry with today’s announcement that Scientific Games Corporation is acquiring Las Vegas-based Don Best Sports Corporation and DBS Canada Corporation for an undisclosed purchase price.

The deal is expected to close by the end of the year.

The purchase became public knowledge

 

The parade of change continues in the nation’s nascent sports wagering industry with today’s announcement that Scientific Games Corporation is acquiring Las Vegas-based Don Best Sports Corporation and DBS Canada Corporation for an undisclosed purchase price.

The deal is expected to close by the end of the year.

The purchase became public knowledge early Tuesday and a key Don Best executive confirmed the sale to Sports Handle, saying he would provide a company statement soon, but cannot comment further right now because of “public company sensitivities.”

Scientific Games Buys Don Best Sports, Expands Company’s Sports Betting Offerings, Particularly in the U.S. 

Don Best has been a major sports wagering information provider for decades, orchestrating worldwide sports betting through its “Official International Rotation” listing games for all major U.S. sports leagues, time changes, game locations and betting numbers in a specific order or rotation.

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USBookmaking Partners With Tribal Casino to Offer New Mexico Sports Betting

In what could be a precedent-setting advancement of sports wagering, a New Mexico tribal casino says it will begin offering sports betting next week.

Las Vegas-based USBookmaking said Monday it has an agreement to provide Nevada-style sports betting services to the Santa Ana Star Casino & Hotel, a tribal gaming operation in near Albuquerque.

Although

In what could be a precedent-setting advancement of sports wagering, a New Mexico tribal casino says it will begin offering sports betting next week.

Las Vegas-based USBookmaking said Monday it has an agreement to provide Nevada-style sports betting services to the Santa Ana Star Casino & Hotel, a tribal gaming operation in near Albuquerque.

Although sports wagering is not currently legal in New Mexico, this is believed to be the second state tribal operation to move forward with sports wagering plans by taking the position that sports betting is permissible under its current compact with the state.

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PGCB Grants Hollywood, Parx Casinos PA Sports Betting Licenses

 

The Pennsylvania Gaming Control Board unanimously approved sports betting petitions for Mountainview Thoroughbred Racing (Hollywood Casino) and Greenwood Gaming (Parx Casino and South Philadelphia Turf Club) at its regular meeting Wednesday morning, paving the way for sports betting to go live in the state as early as November.

Greenwood Gaming, which owns

 

The Pennsylvania Gaming Control Board unanimously approved sports betting petitions for Mountainview Thoroughbred Racing (Hollywood Casino) and Greenwood Gaming (Parx Casino and South Philadelphia Turf Club) at its regular meeting Wednesday morning, paving the way for sports betting to go live in the state as early as November.

Greenwood Gaming, which owns the Parx Casino and the South Philadelphia Turf Club, is targeting November to roll out sports betting at its facilities while Mountainview representatives were less specific, and aiming for a rollout later this year.

The PGCB held hearings prior to voting and, in general, things went smoothly. Both companies reviewed their history and experience in sports betting and shared plans for what their sportsbooks will look like (more below). In addition, both groups discussed their desire to roll out mobile and internet sports betting sooner than later, though neither will do so for their initial launch.

 

Read more PGCB Grants Hollywood, Parx Casinos PA Sports Betting Licenses on SportsHandle.

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Ahead of Second KY Sports Betting Hearing, Lawmakers Clear: No Payout to Pro Leagues

It was a busy summer for sports betting in Kentucky and it’s about to get even busier. Next week, the Interim Joint Committee on Licensing and Occupation will hold an extensive hearing exploring sports betting, according to co-chairman Adam Koenig. It will be the second interim joint committee meeting since Aug. 30.

On top

It was a busy summer for sports betting in Kentucky and it’s about to get even busier. Next week, the Interim Joint Committee on Licensing and Occupation will hold an extensive hearing exploring sports betting, according to co-chairman Adam Koenig. It will be the second interim joint committee meeting since Aug. 30.

On top of that, the NFL, NBA, Major League Baseball and PGA Tour have registered lobbyists in Kentucky, according to the latest update of the state’s registered lobbyists, dated Sept. 26. The move shows that the leagues believe that the Kentucky legislature will move on legalizing sports betting in 2019, and that they want a piece of the action, which means requiring sportsbooks to purchase “official league data,” among other things.

“I think they know there are going to be efforts and how successful we are is yet to be seen,” Koenig told Sports Handle on Tuesday.  There will likely be  “multiple bills and they want to be ready.”

 

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Two More PA Sports Betting Petitions Filed; Hearings, Vote on Others Set Next Week

The state’s Gaming Control Board said Friday that it received two more applications from casinos for Pennsylvania sports betting licenses, bringing the total number to five. According to the PGCB, Donnelly Law, which represents the Sugarhouse Casino in Philadelphia and the Rivers Casino in Pittsburgh, filed petitions for licenses. Earlier this week, the Harrah’s

The state’s Gaming Control Board said Friday that it received two more applications from casinos for Pennsylvania sports betting licenses, bringing the total number to five. According to the PGCB, Donnelly Law, which represents the Sugarhouse Casino in Philadelphia and the Rivers Casino in Pittsburgh, filed petitions for licenses. Earlier this week, the Harrah’s filed a petition for a sports betting license for its facility in suburban Philadelphia.

The PGCB also confirmed that it will hold hearings and consider sports betting petitions for the Parx Casino and the Hollywood Casino at Penn National Race Course at its monthly meeting on Wednesday.

The next regular meeting is scheduled for Oct. 31. Whether or not any of the additional licensing petitions will be on the late October agenda has not been confirmed. The Parx Casino applied for a license for use at two locations — its Bensalem location and the Philadelphia Turf Club.

Read more Two More PA Sports Betting Petitions Filed; Hearings, Vote on Others Set Next Week on SportsHandle.

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