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Gambling in the USA

Sports Betting in Tennessee Moves Forward

Niji Narayan

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Sports Betting in Tennessee Moves Forward
Photo Source: onespan.com
Reading Time: 2 minutes

 

Legislation enabling mobile online gambling in Tennessee has passed a key House committee.

“We saw this as an opportunity for Beale Street to have people from the world coming and just thought it would be a great economic opportunity for us,” House Minority Leader Karen Camper said.

Gov. Bill Lee said that he remains opposed to expanding gambling in the state but added he will look at every bill that reaches his desk to decide whether he’ll sign it.

“We try to work with legislators to make a bill as palatable and as beneficial as it can be, but if we can’t get it to a point where we think it’s acceptable, then I won’t sign it. But this bill is moving and we’ll see where it ends up,” Lee said

Sponsored by state Rep. Rick Staples, a Knoxville Democrat, House Bill 1 took several meetings in the State Committee before it emerged on a voice vote and was referred to the Government Operations Committee, where rules will be considered.

Staples amended the bill early in the process to remove brick-and-mortar wagering establishments and turned it into an online gambling app in which 10 licenses would be issued through the Tennessee Lottery. Companies would pay a 20 percent privilege tax and a $750,000 fee to start doing business.

Camper, a prime co-sponsor of the legislation, is hoping this will be the first step for sports betting in Tennessee, considering Shelby County is losing millions in gambling revenue annually to Mississippi casinos and Arkansas wagering. Other lawmakers point out thousands of people gamble illegally already and Tennessee is collecting no revenue on an underground operation.

“I think once members see the benefit to us fiscally and the revenue it’s going to generate for our state, it may be another opportunity for compromise,” enabling wagering to expand to building locations, Camper said.

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.

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Gambling in the USA

Delaware iGaming Revenue Increases in May

Niji Narayan

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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.

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Gambling in the USA

GAN Reports Internet Gambling Growth in New Jersey for May 2019

Niji Narayan

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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.

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Compliance Updates

NH Lawmakers Pass Sports Betting Bill

Niji Narayan

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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.

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