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. 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.

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 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.

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 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.

PGCB Agenda Likely to Include Two Sports Betting Applications

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.

Happy Anniversary! Delaware Sports Betting a Winner One Month In

The post Happy Anniversary! Delaware Sports Betting a Winner One Month In appeared first on SportsHandle.
A $100,000 bet has been placed. A $1 million “profit” has been made. And about $7 million has been bet.
Yep, Delaware has hit it big.
Today marks the one-month anniversary of legal sports betting in the state and Delaware Lottery Games director Vernon Kirk couldn’t be happier.
Delaware Sports Betting Bringing in More Than Expected
“It’s obviously pretty exciting, but we’re doing well,” he told Sports Handle. “Maybe even a little bit better than the percentages that we expected.”
Not a bad deal for the first state outside of Nevada to accept full-fledged legal sports bets since the United States Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA)on May 14.
The state’s fiscal numbers were due on June 24, according to Kirk. And those numbers revealed that bettors in Delaware had placed approximately $7 million in bets with $6 million paid out to winners, and a $1 million “profit” to cover the likes of vendor fees, computer fees, risk management, commissions to the racetracks, a purse increase and the state’s share.

de lottery director vernon kirk talks sports betting after one month after paspa
Kirk (DE Lottery)

The numbers also showed that the lion’s share of bets were placed on baseball – approximately $6 million, according to Kirk, including the first bet ever laid down in the state, a $10 wager on the Philadelphia Phillies by governor John Carney on June 5 on the hometown Philadelphia Phillies. There were also a few surprises – about $35,000 was wagered on mixed martial arts, a handful of college softball bets were placed and what Kirk described as a “surprising” amount of wagers were laid down on the World Cup.
The numbers represent 19 days of sports betting, from June 5-24. And Kirk was quick to point out that he’s quoting cash numbers, as opposed to the graded figures generally quoted in Nevada. As an example, he said, when Delaware takes a futures bet, the state counts it immediately where a Las Vegas casino would not.

Delaware Park Took State’s First $100,000 Bet

The most significant wager to date, Kirk said, was $100,000 in college football bets from a single bettor. The bets were placed at Delaware Park, and Kirk said the bettors put down the six-figure wager across multiple college football teams.
Delaware Park, located in Wilmington in the upper northern tip of the state, has done most of the sports betting business – about $5 million, according to Kirk. The casino’s proximity to Philadelphia (about a 35-minutes drive), the New Jersey border and Baltimore (just under 1 ½ hours driving) make it the most accessible casino in the country’s second-smallest state.
delaware sports betting at delaware park after one month
Kirk can’t point to any real hiccups during the first month of sports betting in the First State. The only real “glitch” may have been that casinos were a bit underprepared for the NBA Finals – the last two games of the Golden State Warriors’ 4-0 sweep – were June 6 and 8.
“We had one brief moment when we were overwhelmed on the second day,” he said. “There was a pro basketball game and Delaware Park was a little unprepared for the volume. Otherwise, I can say that we were ready.”
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Having too much business and too many people, is, of course, a good problem to have. And one that Kirk is sure will be resolved before the start of college football season in August. But he feels very strongly that Delaware was uber prepared for its moment because prior to PASPA being struck down, the state offered parlay football betting, and in 2009 was prepared to offer single-game sports betting before the courts denied it the opportunity.
“To be fair, we had an advantage,” Kirk said. “We’d been doing this for years with parlay cards. We had the infrastructure in place, so we just had to dust off the software, retrain the ticket writers at the casinos and that all went very smoothly.”
The Debate Between In-Person and Remote Deposits for Mobile Betting
The state hasn’t introduced mobile betting yet, so that wasn’t a factor through the first month. Kirk’s hope is to get mobile up and running by football season. State law says that mobile betting will be limited to in-state, and mobile bettors will have to register with a casino. Whether they will have to do that in person or not is as yet undecided.
Looking forward, football season will be the ultimate challenge, and not just in terms of volume. Delaware has long offered parlay cards, but now that single-game wagering has been introduced, it will change where people place their bets. That could potentially hurt small vendors who, in the past had handled parlay cards, but will likely see a dip in business as bettors place single-game wagers at casinos.
“We may see our retailers take a hit on parlay card sales, but that can’t be helped,” Kirk said. “The casinos are much better prepared to take single-game betting and they’re better equipped to monitor” sports betting.
“I’m a little concerned about what it’s going to be like with the football. It’s going to be a whole other thing … there are going to be some very busy Saturdays and Sundays, but we’re aware of that … and we think we’re taking the right steps to make that manageable. But you know, the best laid plans of mice and men. If there are some snaggles, we should be able to sort them out.”

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The post Happy Anniversary! Delaware Sports Betting a Winner One Month In appeared first on SportsHandle.