The Supreme Court has handed New Jersey a massive victory in a case which has wide-ranging implications for the sports betting industry across the US, and Pennsylvania in particular.
→For The Stars Group, the torrid growth of global online sports betting coupled with the United States’ pending repeal of PASPA makes increasing its sports betting capabilities an undoubtedly smart move.
→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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