Posts by Jill Dorson

Hollywood Casino First to Apply for Pennsylvania Sports Betting License

The wait is over for real movement on Pennsylvania sports betting.

Friday morning, the Mountainview Thoroughbred Racing, LLC, operator of the Hollywood Casino at Penn National Race Track submitted an application for a sports betting license, making it the first company to do so since Pennsylvania legalized sports betting last October.

The wait is over for real movement on Pennsylvania sports betting.

Friday morning, the Mountainview Thoroughbred Racing, LLC, operator of the Hollywood Casino at Penn National Race Track submitted an application for a sports betting license, making it the first company to do so since Pennsylvania legalized sports betting last October.

Pennsylvania has 13 sports betting licenses available, one for each of the state’s commercial casinos, but casino owners have been slow to apply for the license, citing the state’s $10 million application fee and 36 percent tax (34 percent state, 2 percent local).

To read the rest of this post, visit SportsHandle at the link below:

Hollywood Casino First to Apply for Pennsylvania Sports Betting License

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More Sports Betting Lounges to Open in Mississippi Friday; SBTech and William Hill Get Approval

The post More Sports Betting Lounges to Open in Mississippi Friday; SBTech and William Hill Get Approval appeared first on SportsHandle.

Sports betting facilities are opening in Mississippi just about every day, with a handful more expected on Friday. On Thursday, after a meeting of the Mississippi Gaming Commission in

The post More Sports Betting Lounges to Open in Mississippi Friday; SBTech and William Hill Get Approval appeared first on SportsHandle.

Sports betting facilities are opening in Mississippi just about every day, with a handful more expected on Friday. On Thursday, after a meeting of the Mississippi Gaming Commission in the morning, Allen Godfrey, executive director of the commission, was on his way to check out testing going on at several Penn National Gaming properties in advance of their projected openings Friday.

“It hasn’t been overwhelming, it’s just been really busy,” Godfrey said of the slew of openings. “After the initial newness wears off, well, the fall will tell if it’s worth all of their efforts to have it. It’s been a good process so far.”

Before hitting the road, Godfrey’s board approved SBTech and William Hill as “suitable manufacturers and distributors for platforms” to provide sports betting. The companies join IGT and Scientific Games, both of which are also approved providers. By becoming approved providers, the companies can partner with existing, licensed Mississippi casinos to provide sports betting platforms across the state. William Hill announced earlier this month that is has signed agreements with 11 Mississippi casinos.

To read the rest of the story visit SportsHandle:

More Sports Betting Lounges to Open in Mississippi Friday; SBTech and William Hill Get Approval 

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PA Approves Temporary Regulations, Expects Sports Betting Applications

The post PA Approves Temporary Regulations, Expects Sports Betting Applications appeared first on SportsHandle.

The Pennsylvania Gaming Control Board on Wednesday voted unanimously to pass its temporary regulations for sports betting in PA at a meeting at the Strawberry Square Complex in Harrisburg. The board also granted three interactive

The post PA Approves Temporary Regulations, Expects Sports Betting Applications appeared first on SportsHandle.

The Pennsylvania Gaming Control Board on Wednesday voted unanimously to pass its temporary regulations for sports betting in PA at a meeting at the Strawberry Square Complex in Harrisburg. The board also granted three interactive gaming licenses – which do not include sports betting – and approved the “change of control” request for the Presque Isle Casino from Eldorado Resorts to the Churchill Downs corporation.

What does all of this mean? The Keystone State regulators are setting the table for to-be operators to begin offering legal sports betting. As of yet the state has not received a single application for a sports betting certificate, but signs including Churchill Downs’ interest in operating in the state indicate that some may be moving in that direction.

“I don’t know if there is a specific reason no petitions have been submitted as of yet,” Director of Communications for the Pennsylvania Gaming Control Board Doug Harbach told Sports Handle, “but it’s our understanding that there is interest from some of the casinos and they have publicly” stated their plan to bring legal sports betting to Pennsylvania.

Pennsylvania Law Requires a $10M Application Fee for Sports Betting Licenses and a 34 Percent State Tax.

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Inside the Mohegan Sun Pocono in Wilkes-Barre, PA

Pennsylvania has found itself in a bit of a bind since it legalized sports betting last fall. Lawmakers included high taxes on gross gaming revenue – 34 percent state and 2 percent local – as well as a $10 million application fee for casinos offering sports betting. Operators, casino owners and even the NFL have expressed outrage at the potential cost of doing in business in that environment. By comparison, the New Jersey law calls for a $100,000 licensure fee.

At Wednesday’s meeting, the regulations that were approved deal with what types of sports betting the will be allowed and what will be prohibited, rules regarding the testing of systems that would be used for sports wagering, and reports that licensees would be required to submit to the board. The regulations also cover integrity monitoring, organizational requirements, some consumer protection measures, as well as compulsive and problem gambling issues.

In addition on Wednesday, the board unanimously voted to grant three operators – Chester Downs, Greenwood Gaming and Entertainment and Mount Airy Casino –  their interactive gaming certificates. Sports betting is not included under the interactive gaming certificates, which are for poker, slots and table games.

To clarify, the state has 39 interactive gaming certificates currently available – 13 (one for each existing casino) each for poker, slots and table games. Separate from that, casinos must apply  for a specific sports betting interactive certificate.

Casinos can apply for sports wagering certificates, which would allow them to offer both an in-house sportsbook and internet based wagering, “which can be accessed by anyone when within state borders,” Harbach said. “They do not have to be in a casino in any case of internet gaming whether casino games or sports betting.”

When Internet Sports Betting Is Up and Running, Bettors in Pennsylvania Will Be Able to Place Bets From at PA Casinos From Anywhere Within the State’s Borders.

pennsylvania online sports betting laws harrahs pa

Translation? When internet sports betting up and running in Pennsylvania, if you’re sitting at home in Sewickley and want to place a bet on Penn State right now, you could log onto a Pennsylvania sports betting website, put money in your account and place a bet.

That said, it will be at least a few months until internet sports betting is even a possibility in Pennsylvania. Harbach said that as of Wednesday, no applications – in which the applicant would have to explain how deposits would be taken – for internet sports betting had been made, so the earliest the matter would be discussed is at the October Gaming Control Board Meeting.

As Pennsylvania continues to sort out how to handle sports betting, neighboring New Jersey is providing good reason to move forward faster rather than slower. The state released its July revenue numbers on Tuesday and the Garden State took in $3.8 million in gross revenue on a total handle of $40.6 million during a month when baseball – not football – is king.

The numbers translate into a roughly 9.35 percent hold, which includes futures bets, as the report does not filter out futures pending (NJ is using a cash, not accrual method of accounting). Of those numbers, the state collected $327,245 in revenue. That number would be much higher in Pennsylvania at a 34 percent tax rate.

“I think the New Jersey numbers are showing that people want to participate in sports wagering and a lot of it was going on underground and that we feel that sports wagering is going to be very lucrative in Pennsylvania,” Harbach said.

Time will tell.

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PA Gaming Control Board Expected to Approve Sports Betting Regulations

The post PA Gaming Control Board Expected to Approve Sports Betting Regulations appeared first on SportsHandle.

Ten months after creating a law to legalize sports betting in Pennsylvania, the state is on the cusp of having general regulations for sports betting approved. The state’s gaming control board is expected to

The post PA Gaming Control Board Expected to Approve Sports Betting Regulations appeared first on SportsHandle.

Ten months after creating a law to legalize sports betting in Pennsylvania, the state is on the cusp of having general regulations for sports betting approved. The state’s gaming control board is expected to vote on regulations Wednesday at its regular meeting.

The regulations that will be reviewed and likely voted on will include what types of sports betting the board will allow and what will be prohibited, rules regarding the testing of systems that would be used for sports wagering, as well as compulsive and problem gambling issues.

The gaming control board rolled out temporary regulations in May. Those regulations were subject to a public-comment period, during which many stakeholders criticized the state for its high tax rate – Pennsylvania has a 34 percent state tax and a 2 percent local tax – and astronomical fees – the Keystone State requires a $10 million fee to get a sports betting license. In addition, colleges based in the state asked the state to reconsider its position on allowing bettors to bet on collegiate teams – like Penn State or the University of Pittsburgh – that are based within the state.

Pennsylvania Sports Betting Regulations Set To Come, As Mount Airy Casino Is Among Three Petitioning for an Interactive Gaming License.

The gaming control board has no control over the tax rate or fees, though. Those were set by legislators last year when they passed HB 271, which legalized sports betting in the event that federal law allowed such. The Supreme Court took care of that in May. But the tax rate has made things slow going. No operator or casino has yet applied for a sports betting license, though several casinos have partnered with online gaming companies and/or are applying for interactive gaming certificates.

Other items of note on Wednesday’s agenda are the Pennsylvania casinos petitioning for interactive gaming certificates. According to the agenda, Chester Downs, Greenwood Gaming and Entertainment and Mount Airy Casino Resort are all petitioning. On Friday, The Stars Group, the parent company of PokerStars, announced it will partner with Mount Airy to offer online gaming, including sports betting and poker.

Earlier this summer, the company signed a similar agreement with Resorts Casino in New Jersey that will allow customers in-play wagering on sporting events, as well as sports content professional and college football football, basketball, baseball and a host of other sports.

Mount Airy is the third Pennsylvania casino to announce a partnership that will enable mobile sports betting. The Philadelphia-based Parx casino announced a partnership with GAN last month, and Rush Street, owners of two Pennsylvania casinos, announced a partnership with Kambi in May.

“Offering internet sports wagering and gaming and partnering with The Stars Group is the obvious next step for us to continue diversifying our casino offerings,” said Mount Airy Vice President of Marketing and Gaming Operations Vincent Jordan in a press release last week. “Introducing internet gaming through The Stars Group will provide compelling opportunities for our customers, particularly our younger customers, who are ready to experience the next gaming challenge.”

The post PA Gaming Control Board Expected to Approve Sports Betting Regulations appeared first on SportsHandle.

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Indiana Signs on With Market Analysis Firm to Study Sports Betting

The post Indiana Signs on With Market Analysis Firm to Study Sports Betting appeared first on SportsHandle.

Indiana lawmakers were unable to legalize sports betting during the legislative session earlier this year, but that doesn’t mean the state is doing nothing since the session ended.

According to a report

The post Indiana Signs on With Market Analysis Firm to Study Sports Betting appeared first on SportsHandle.

Indiana lawmakers were unable to legalize sports betting during the legislative session earlier this year, but that doesn’t mean the state is doing nothing since the session ended.

According to a report from The Statehouse File, the Indiana Gaming Commission in July signed a two-year deal with the market analysis firm Eilers & Krejcik Gaming LLC. Indiana regulators learned of the company through their counterparts in West Virginia, which passed a bill legalizing sports wagering in March.

Indiana will pay Eilers & Krejcik nearly $75,000, according to the report, to conduct multiple studies related to sports wagering with the goal of providing legislators with financial and policy information needed to make any proposed legislation meaningful. Though the contract is for 24 months, though the company expects to provide some data to lawmakers as early as this fall.

Indiana Was a First Mover in Terms of Pushing Sports Betting Legislation, But Didn’t Get a Bill Passed Before the 2018 Session Ended.

Indiana was among the first states to start to begin exploring sports betting during the 2018 legislative session. In fact, Representative Alan Morrison (R-District 42) announced in January that he would introduce sports betting legislation during the session. He did so, as did senator Jon Ford, but both bills died in committee.

Sportsbooks-Sports-Wagering-Betting

Of note is that Morrison’s bill, which was introduced in early January, included the “integrity fee” that the major professional leagues favor. Indiana was the first state to use such language and the idea of paying the pro leagues a cut of sports betting revenue has evolved into a contentious issue across the U.S.

The six states that have either legalized or rolled out sports betting (several states did not need new laws passed) have declined to pay the leagues. In addition, several states lambasted the pro leagues and the idea of the integrity fee, or royalty, as the leagues are now referring to it, earlier this year. So far, the only state in which lawmakers appear to be actively considering a royalty is New York.

Indiana is home to about 14 casinos — mostly riverboats with land-based properties plus one Native American casino in South Bend. Indiana’s legislature goes back in session Jan. 14.

The post Indiana Signs on With Market Analysis Firm to Study Sports Betting appeared first on SportsHandle.

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