NFL Week 7 Football Props: Patriots vs. Bears

NFL Week 7 Football Props: Patriots vs. Bears

It’s official: The Patriots are legitimate. Except for those living in New England, most people were silently hoping that this would be the year that the AFC reign of the Patriots would end. Following a 1-2 start, Patriots fans may have been a bit skeptical, but likely remembered that they’ve dropped at least one of the first four games over in 2017 and 2016. Since week 3, New England has put up 38+ points, and just last week took down the previously undefeated Kansas City Chiefs in a 43-40 shootout. New England is strong, and looking to continue their hot streak.

Now the Bears have certainly found their guy in Mitch Trubisky. He’s tossed his way to 11 touchdowns, only 4 interceptions, and a QBR of 105.6. He’s put together a solid 3-2 start for the Bears, who currently sit atop the NFC North, even though the Vikings and Packers are right behind them. Four of their five games have been decided by less than one score. In those games, they’re 2-2, and allowed both the Packers and Dolphins to stage 4th quarter comebacks that led to losses for the Bears. The rout over the Buccaneers gave Chicago faithful a great deal of hope, but Sunday’s matchup with New England will be a true test for them. They come in as 3 point underdogs, but their explosive offense could prove challenging for the Patriots. Plus Khalil Mack will likely make Tom Brady’s life a bit more difficult.

Alternate lines are available at Sugar House Sportsbook if you live in the state of New Jersey.

Patriots vs. Bears Props

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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 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.

FanDuel to Pay Out on Erroneous Tickets

FanDuel to Pay Out on Erroneous Tickets

According to an Associated Press report, FanDuel will pay out more than $82,000 on an erroneous sports betting ticket. New Jersey’s Anthony Prince on Tuesday shared his story with local media, saying he placed an in-game wager on the Denver Broncos to beat the Oakland Raiders when the Broncos were down with 1 minute, 10 seconds to play. He placed his bet at the FanDuel Sportsbook at the Meadowlands, and the printed ticket showed +75000, when it should have showed -600. The cashier did not catch the error and after the Broncos won by a point on a last-second field goal, Prince tried to collect.

Initially, FanDuel declined to pay Prince, but after investigating, on Thursday announced that it would make good on not only Prince’s bet, but on several others made during the same time span.

The company reportedly decided to pay because it said “sports betting is supposed to be fun.”

According to FanDuel, the ticket that should have been generated would have shown that Prince had to bet $600 to win $100. Instead, his $110 bet is now good for a total payout of $82,610. On Sunday, when FanDuel declined to pay on the ticket, it reportedly offered Prince $500 and tickets to several NFL New York Giants games, but he declined. The company then opened an investigation, though its rules clearly state that erroneous tickets will be paid out at the “correct odds.”

NJ Man Says FanDuel Won’t Pay; Company Investigating

The post NJ Man Says FanDuel Won’t Pay; Company Investigating appeared first on SportsHandle.

A New Jersey man says he made a wager on Sunday at the FanDuel SportsBook at the Meadowlands Racetrack and that FanDuel won’t pay up. The bet, an in-game wager, would have paid $82,610 on a $110 wager and was made with 1 minute, 10 seconds remaining in the Denver Broncos-Oakland Raiders contest.

According to a report from News12 in New Jersey, FanDuel says the ticket was a glitch and is looking into the matter. But the bettor, Anthony Prince, is all but demanding FanDuel pay out immediately.

“They said their system had a glitch in it and they’re not obligated to pay for glitches,” Prince told News12. “The other guy said, ‘You should take what we give you because we don’t have to give you [anything] at all.’ I said, ‘Wow, for real?’”

 

Read more NJ Man Says FanDuel Won’t Pay; Company Investigating on SportsHandle.

The Greenbrier’s FanDuel Sportsbook Opens Ahead of NFL Week 2

The post The Greenbrier’s FanDuel Sportsbook Opens Ahead of NFL Week 2 appeared first on SportsHandle.

West Virginia’s second legal sportsbook opened on Thursday when the the FanDuel Sportsbook at the The Greenbrier Resort and Casino took its first sports bet. The Hollywood Casino at Charles Town Races opened Aug. 30.  The timing means the sportsbook is open in time for the second weekend of the NFL season. The Greenbrier is a unique circumstance in that is the only private membership-only casino in the U.S.  Only members and resort guests can enter the casino.

The Greenbrier, one of the most storied resorts in America, has long offered casino gaming at its Casino Club, a posh, high-end gaming venue. The FanDuel Sportsbook is more of the same with club chairs and 21 large-screen televisions. According to the sportsbook’s webpage, it will offer international dining options as well as live entertainment. Patrons are required to wear coats (men) and dresses (women) in the casino after 7 p.m.

Membership to the Casino Club is available through a membership to The Greenbrier Golf and Tennis Club, which costs $1,590 annually, by purchasing a home in The Greenbrier Sporting Club, or to registered hotel guests and, in some cases, convention attendees. The Casino Club opened in 2010.

Read more of The Greenbrier’s FanDuel Sportsbook Opens Ahead of NFL Week 2 on SportsHandle.

New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August

The post New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August appeared first on SportsHandle.

The New Jersey Division of Gaming Enforcement on Wednesday released its monthly revenue figures, reporting a total handle of $95.6 million and gross revenue of $9.18 million for the sportsbooks across the seven licensed NJ sportsbooks that reported on the month’s operations.  

That’s a hold or win percentage of 9.6. The August report includes for the first time dollars connected to online sports betting, which produced a total of $2.97 million on a $21.7 million handle, or an online hold (win percentage) of roughly 15 percent. The vast majority of both figures are attributable to the DraftKings Sportsbook — meaning DraftKings alone accounted for almost exactly one-third of the monthly revenue.

 

Read more of New Jersey Sports Betting Generates $9.2M Revenue on $95.6 Handle In August on SportsHandle.

Schumer Joins Hatch in Pushing for Federal Sports Betting Framework

After being a lone voice this summer pushing for a federal framework on sports betting, Utah senator Orrin Hatch got some company on Wednesday when New York Democrat Chuck Schumer released a memo outlining his thoughts on legalized sports betting.

First released to ESPN, Schumer said that he wants to see sportsbooks across the nation using only official league data and to allow the professional sports leagues a voice in deciding what types of bets should be allowed.

Schumer’s ideas could be a boon to the pro sports leagues, which have been lobbying for a royalty or integrity fee across the country this year. While no state that currently has legalized sports betting is paying the pro leagues, New York state lawmakers are pushing for an integrity fee should the Empire State legalize sports betting. It’s possible that if Schumer’s idea takes hold on a federal level, a royalty could be included, which would be a key change for the six states (including three that are already taking bets) that have legal sports betting.

Legislators Have Been Pushing for an Integrity Fee Should NY Sports Betting Become Legal. 

In Albany, New York State Senator John Bonacic (R-District 42) and Representative Gary Pretlow (D-District 89) have put forth legislation that would pay the pro leagues 1/5 of 1 percent of the handle. This number is significantly lower than the 1 percent the pro leagues had been lobbying for, but a windfall nonetheless.

New York sports betting

Under Schumer’s plan, the professional leagues would stand to gain even without an integrity fee. Requiring sportsbooks to use only official league data would force operators to pay the leagues for the data. The memo all but panders to the professional leagues. The NFL, in particular, has voiced support for a federal framework, which would make oversight simpler – one law to work with vs. different laws or regulations in every sports betting state.

But Schumer is already getting pushback. The American Gaming Association, which released a statement mirroring its comments after Hatch made a plea for Congress to entertain sports betting last Friday. In both statements, the organization refers to federal oversight of sports betting as “an abject failure,” and points to the “thriving illegal market” that blossomed after the Professional and Amateur Sports Protection Act was passed in 1972. That law was struck down by the Supreme Court on May 14, paving the way for states to determine if they want to have sports betting.

See what else the AGA had to say by visiting SportsHandle using the link below:

https://sportshandle.com/schumer-joins-hatch-in-pushing-for-federal-sports-betting-framework/

Need for Federal Sports Betting Law Just a Vanity Project for Hatch

The post Need for Federal Sports Betting Law Just a Vanity Project for Hatch appeared first on SportsHandle.

Why is one of the architects of the Professional and Amateur Sports Protection Act taking point on sports betting in Congress? After all, PASPA was deemed unconstitutional just three months ago, and it seems highly unlikely that Congress will get a second shot at prohibiting sports betting.

The simple answer is that the upcoming mid-term elections have created something of a void. Senators and representatives don’t want any part of controversial legislation when their names are on the ballot. But Orrin Hatch, the conservative Utah senator who helped author PASPA, isn’t on the ballot. He’s retiring. And as his swan song, he clearly wants another federal mandate on sports betting.

Just days after the Supreme Court overturned PASPA in May, Hatch promised new legislation to help protect the integrity of the game. Yet in the ensuing months, as six states have legalized sports betting and three (Delaware, New Jersey and Mississippi) already have sportsbooks up and running, there has been no new bill.

Conservative Senator Opposes Sports Betting, But Delaware, New Jersey and Mississippi Are Already Accepting Sports Bets. 

It seemed odd that last week, in the middle of a Senate session that had nothing to do with sports betting, that Hatch made his plea and again promised legislation that would “kick-start” the federal discussion on sports betting. Let’s be real here – Hatch is opposed to sports betting and he wants his legacy to be a last-minute law banning it again.

It’s highly unlikely that Hatch will get what he wants. There is little time left on the Congressional calendar before his term expires in January. In fact, without breaking down every little detail, there are only 35 legislative days between Labor Day weekend and the mid-term elections on Nov. 6. And while I don’t know much about how quickly Congress moves, that hardly seems like ample time before a series of lame-duck sessions after the elections. Or maybe it’s the lame-duck sessions Hatch is counting on?

To read the rest of this article, visit SportsHandle using the link below:

https://sportshandle.com/need-for-federal-sports-betting-law-just-a-vanity-project-for-hatch/

Kentucky ‘Working Group’ Reaches Sports Betting Consensus: Tax on Net Revenue, No Integrity Fee

The post Kentucky ‘Working Group’ Reaches Sports Betting Consensus: Tax on Net Revenue, No Integrity Fee appeared first on SportsHandle.

Kentucky’s working group on sports betting appears to have come to at least two decisions regarding sports betting in the state – taxes will be based on net revenue and there will be no integrity fee paid to professional sports leagues.

“I believe there is a consensus that the appropriate tax on sports wagering is on net revenue and sports leagues will not receive any fees,” Julian M. Carroll, a former governor turned state senator told Sports Handle via e-mail.

Taxes are a critical component of any sports betting legislation, and the decision to tax based on net vs. handle is a key departure from the bill that Carroll himself pre-filed earlier this summer. That bill called for a 20 percent tax on handle. Kentucky is a big horse racing state and Carroll chose to include a tax on handle in his bill because that’s how the state taxes pari-mutuel betting.

None of the 6 States That Have Legalized Sports Betting Has an Integrity Fee. To continue reading this article, visit SportsHandle using the link below:

Get a Grip: The Week in Sports Betting

The post Get a Grip: The Week in Sports Betting 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,” rounding up top stories in sports betting and gaming, and the world of sports at large. You may have missed them, and they are worth reading. This is meant to be brief, so that’s it.

MGM, PlaySugarHouse.com Debut Mobile App, Online Platform

It’s been a busy week in the virtual world of sports betting, as MGM finally dropped its mobile app in New Jersey. The company soft-launched the app for Android users on Wednesday with the intention of making it more widely available in the coming weeks. The playMGM NJ Sports app was released through the MGM-owned Borgata in Atlantic City will give company to the DraftKings Sportsbook, which had fully launched on Aug. 6 and remained the only online sports betting app available in New Jersey. The current version of the app offers tons of betting opportunities, including straight bets, futures, props, and parlays available. The professional (NFL) and college football menus are queued up with a wide variety of different player and team props, futures and totals. The only thing that appears to be missing the chance for in-play wagering.

MGM Mobile Sportsbook In New Jersey With Borgata’s PlayMGM App

PlaySugarHouse.com, owned by Rush Street Gaming, followed a day later when it launched an online betting platform, also for New Jersey users. What’s special about this one is that it integrates the new sports wagering opportunity for state residents with its already operating online casino. Rush Street’s platform is the third to be introduced in the Garden State this summer, with plenty more sure to come.

ICMY SportsHandle Edition

Illinois Holds First Gaming Hearing: Lawmakers are starting to lay the groundwork for sports betting in Illinois and on Wednesday, heard from gaming stakeholders ahead of an October meeting that will feature sports betting as one of the key topics.

Is the Time Right?: According to a study presented to Kentucky’s working group on sports betting, despite struggles in the past, now may well be the time to legalize sports betting.

Bookies in the Legalized Sports Betting Market: Sports betting and other forms of illegal gambling used to take up lots of space in the justice system, but according to former Brooklyn and Bronx Criminal Courts judge John Wilson, not so much anymore.