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.
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.
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.
New Jersey Division of Gaming Enforcement Director (DGE) David Rebuck on Tuesday offered his blunt assessment of the NFL’s characterization of the state of sports betting in the U.S.: “Nonsense.”
The NFL’s stance, voiced again at House of Representatives hearing on Sept. 27, was that states legalizing sports wagering are now engaging in a “regulatory race to the bottom,” which Rebuck called “fear mongering” and “nonsense.”
Rebuck’s remarks came during a Global Gaming Expo (G2E) panel in Las Vegas alongside Pennsylvania’s Susan Hensel, Director of Licensing for the state’s gaming control board, and Matthew Morgan, Director of Gaming Affairs for the Chickasaw Nation. Rebuck’s criticism focused in part on the “integrity fee” as well as Major League Baseball and NBA’s efforts at compelling lawmakers to require state-licensed sportsbooks to use “official league data” for grading wagers, which he framed as fundamentally anti-business, and a mandate that New Jersey unequivocally will not implement.
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.
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.
The post PGCB Agenda Likely to Include Two Sports Betting Applications appeared first on SportsHandle.
Two Pennsylvania casinos are poised to become the first to get approval for sports betting when the state’s Gaming Control Board meets on Oct. 3. The Hollywood Casino, owned by Penn National and operated by Mountainview Thoroughbred Racing LLC, and the Parx Casino, owned by Greenwood Racing, were the first to apply for sports betting licenses in Pennsylvania when they did so in August.
According to the PGCB’s Director of Communications, Doug Harbach, “it is highly likely that sports wagering petitions from both Penn National and Parx casinos will be up for consideration by the Board at its October 3rd meeting.” If the petitions are on the agenda, hearings will be held at the front end of the meeting.
Pennsylvania has 13 sports betting licenses available, one for each of the 13 casinos operating in the state. To date, 11 remain available, and the state will not auction off any that are not claimed. Pennsylvania approved sports betting nearly a year ago, but the state has not moved as swiftly as others to bring sports betting to market. The PGCB released its temporary regulations in August. The state’s legislature imposed a 36 percent tax (34 percent state and 2 percent local) on operators’ sports betting revenue and a $10 million application fee. Both are significantly higher than any other state that has legal sports betting. As examples, West Virginia has a 10 percent tax rate, New Jersey 8.5 percent and Nevada 6.75 percent.
The post PlaySugarHouse, Penn National Approved for PA Online Gaming appeared first on SportsHandle.
The Pennsylvania Gaming Control Board approved two more online gaming licenses at its regularly scheduled meeting on Wednesday. PlaySugarHouse and Penn National Gaming gained approval, bringing the number of qualified entities to have purchased some sort of iGaming license to 11. The only two Pennsylvania casinos that have not purchased iGaming licenses are The Meadows and Lady Luck Nemacolin.
PlaySugarHouse, owned by Rush Street Gaming, launched an online sports betting app in New Jersey last month, and Penn National, according to PennBets.com, revealed Wednesday that is will use IGT rather than SG Digital to run its online casino in the state. Penn National partners with SG Digital in New Jersey.
Pennsylvania made sports betting legal nearly a year ago and rolled out regulations over the summer. No casinos have been approved for sports betting licenses in the state, but both Penn National and Greenwood Gaming and Entertainment have applied. It’s likely their applications will be on the gaming control board’s agenda for one of the two October meetings (Oct. 3 or Oct. 31). Those licenses come with a $10 million application fee due within 60 days of approval.
The post Greenwood Gaming Second to Apply for PA Sports Betting License appeared first on SportsHandle.
Greenwood Gaming Plans to Offer Land-Based, Mobile and Interactive Sports Betting in Pennsylvania, if Its Application Is Approved.