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.
→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.
→On the heels of Pennsylvania’s 2017 passage of a transformative gambling expansion, a neighboring state is pursuing some of the same measures.
→Most of the pro sports leagues conditionally support legalized sports betting, but only if they get a big cut of the action.
→An oppressive tax rate on Pennsylvania-based sports betting will be crushing to the industry, creating an environment that is nearly unsustainable for books.
→The Eagles have finally won the Super Bowl! That in itself is worthy of celebration for Philadelphians and most of→
Sports leagues are looking for a cut of the action if sports betting is legalized. The royalties they’re requesting, along with high tax rates and licensing fees, could crush the already-slim margins of operators in Pennsylvania.
→Gambling Compliance projects that sports betting in Pennsylvania will generate $383.4 million in revenue, most of which will come from online. But an oppressive climate for operators may hold it, and online gambling, back from achieving their potential.
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