Sports betting detractors – mainly politicians and state-appointed officials who simply can’t see what’s in it for them – are continually missing the point when it comes to the relationship between sports, fans and gamblers.
→Five of ten available mini casino licenses have been auctioned to PA’s existing land-based casino owners, but it doesn’t appear that the auctions, which have so far provided more than $128 million to the state, will continue.
→Pennsylvania set a new revenue record in March, cracking the $300 million barrier for the first time in its 12-year history. Surprisingly, the record was set on the back of slot machine revenue, which had been mired in a long slump.
→Land-based casinos in Pennsylvania can now officially submit their online gambling license applications, but will they do so immediately or hold out?
→Sports leagues have realized $150 billion worth of bets could soon be legal, so they want their slice of the pie. There’s just one problem: they have no rights to any of the money – legal or otherwise.
→Proponents of online gambling can rest easy knowing that the PA Gaming Control Board made a wise ruling on skins, despite the inclusion of some odd and potentially restrictive caveats.
→In what probably amounts to a wave of relief for most prospective iGaming interests in Pennsylvania, the PA Gaming Control Board has released temp regulations indicating that multiple skins will be permitted in the market.
→While some casinos have used the new “satellite” casino licenses as an opportunity to expand into new geographical areas, Penn National is shoring up their near-monopoly in Central PA.
→After a dismal start to the year, slot machine revenue at Pennsylvania casinos absolutely exploded in March, soaring to $221,350,220, its highest level in years.
→The Pennsylvania Dept. of Revenue has released temporary regulations for the online lottery. While the rules of play largely resemble those found in other states, there are a few unique twists that could have a significant impact on the industry.
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