Connect with us
SIS

Gambling in the USA

Online poker bill introduced in US Senate

Niji Narayan

Published

on

Online poker bill introduced in US Senate
Photo Source: nysenate.gov
Reading Time: 1 minute

 

New York Senator Joseph Addabbo has introduced a bill in the senate to legalise online poker in the state.

The state recently set up the Senate Racing, Gaming and Wagering Committee, which has filed Senate Bill 18 with the aim of allowing citizens aged 21 and above to play poker online.

The bill proposes to issue up to 11 online poker licences, with only licensed video lottery gaming facilities and Class III (tribal) gaming licensees eligible.

Each licensee would have to pay an up-front fee $10m for a 10-year licence, as well as paying a 15 per cent tax on gross gaming revenue.

Despite the cap on the number of available licences, each entity would be permitted to operate an unlimited number of skins under its licence, provided each partner is approved by the New York State Gaming Commission.

However, the legislation also contains a so-called bad actor clause, which blocks companies that offered online gaming in the US after 31 December 2006—when the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) was enacted— from participating in the market.

It goes further than simply looking to block sites involved, specifying that a company that has acquired a business active in the US after that date, or that employs an individual that worked for any such site, will also be ineligible.

S00018 has been referred to the Senate Racing, Gaming and Wagering Committee for further scrutiny.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Gambling in the USA

Delaware iGaming Revenue Increases in May

Niji Narayan

Published

on

Delaware iGaming Revenue Increases in May
Photo Source: sputniknews.com
Reading Time: 1 minute

 

Delaware Lottery has reported an increase in revenue from Delaware’s regulated igaming market ($313,648) for the month of May.

Delaware Park retained top spot in the state’s online gambling market in terms of revenue with $127,932 off $2.96m in wagers for the month. This was down from April revenue of $144,084 and $5.2m in bets.

Dover Downs was the most popular platform for punters in May, processing a total of $8.1m in bets, up from $5.5m in April. Revenue hit $123,044 for the month compared to $75,323 in April.

Harrington Raceway remains some way off the pace after taking $1.0m in online wagers during May, down from $1.2m in the previous month. However, revenue was up month-on-month from $43,775 to $62,672.

During the first five months of the year, operators generated revenue of $1.41m, with consumers spending a total of $54.7m online.

Continue Reading

Gambling in the USA

GAN Reports Internet Gambling Growth in New Jersey for May 2019

Niji Narayan

Published

on

GAN Reports Internet Gambling Growth in New Jersey for May 2019
Photo Source: thriveglobal.com
Reading Time: 1 minute

 

GAN plc, the US based developer and supplier of Internet gambling software, has reported growth in internet gambling for the month of May 2019 in New Jersey.

The highlights include:

  • Internet Gaming Win was $38.3 million in May compared to $24.3 million in May 2018, reflecting an year-over-year increase of 57.8%.
  • Total Internet Sports Wagering Handle was approximately $263.6 million in May, compared to $254.0 million in April and $298.3 million in March.
  • Internet Sports Wagering Gross Revenue was $13.7 million in May, compared to April’s $16.6 million and March’s $24.3 million.

Internet Sports Wagering Gross Revenues may vary from month to month due to the payouts for future events occurring months after the original wager was made and unredeemed winning wagers from prior months will become deductible upon redemption in future months.

Continue Reading

Compliance Updates

NH Lawmakers Pass Sports Betting Bill

Niji Narayan

Published

on

NH Lawmakers Pass Sports Betting Bill
Photo Source: sunherald.com
Reading Time: 1 minute

 

The New Hampshire legislature has passed the sports betting bill and heads it to the desk of Republican Gov. Chris Sununu, who has already expressed his support for the bill.

The Senate has made three amendments to the bill. The amendments made it clear that multiple online sports betting operators will be permitted in the space, but will be capped at five. It also capped the retail operators at 10.

The bill creates a subdivision of Sports Wagering within the New Hampshire Lottery Commission, which will act as the regulatory body for the industry.

The bill allows anyone over the age of 18 to wager on professional and collegiate sporting events. Gamblers will not be allowed to wager on New Hampshire colleges or collegiate sporting events in the state. It will not provide the leagues with an integrity fee and does not require operators to use official league data.

It is estimated that the industry will generate $7.5 million in tax revenue for the 2021 fiscal year and $13.5 million two years later.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.