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Gambling in the USA

New England Residents Forecast Success for Sports Betting in Maine

Niji Narayan

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Photo source: onespan.com
Reading Time: 2 minutes

Residents of the New England have forecasted a success for sports betting as legalised sports betting is on the horizon for Maine. Judging on how other states have rolled the dice on legalised gambling, Maine is making the smart bet.

The American Gaming Association found that among the core sports betting audience, 46% have reported an increase in their betting frequency upon legalisation and 69% of this audience would place more bets if it became legal in their state.

According to the New Jersey Division of Gaming Enforcement, Garden State residents and visitors have wagered more than $1.7 billion on sports from January to May of this year. Meanwhile, the Pennsylvania Gaming Control Board reports a total handle of just under $181 million in this same time frame.

More than 80% of New Jersey’s total handle was bet via computers and mobile devices. Pennsylvania did not have access to legal online betting until May 31. This supports the notion that if states want to maximise the financial benefit, they must enable the most convenient and popular form of betting.

Two percent of Maine’s sports gambling tax revenue is proposed to support problem-gambling programmes. It is crucial to ensure that the most profitable source of revenue is up and running as soon as possible. Maine’s untethered plan does just that.

The key to Maine receiving the most tax revenue from legalised sports gambling involves giving residents what they want. Online gambling meets this need. Providing this convenience and simplicity ensures that people will bet more. Sportsbooks and casinos will generate more revenue, allowing them to expand operations and hire more employees, creating jobs while yielding more state tax dollars.

New Jersey understood that, which is why it may overtake Nevada as the sports gambling capital of the country soon. Maine legislators are wise to construct the gambling legislation in the Garden State’s image.

Gambling in the USA

Scientific Games Statement on COVID-19 Response

George Miller

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Scientific Games Statement on COVID-19 Response
Reading Time: 2 minutes

 

Scientific Games Corporation is taking essential actions to respond to the global COVID-19 crisis.

Scientific Games CEO Barry Cottle said: “Like many others, our industry is facing unprecedented challenges from the widespread impact of the COVID-19 outbreak. We are working around the clock to take care of our employees, customers, shareholders and other key stakeholders in these difficult times, while providing uninterrupted products and services to those customers who continue to operate. Thankfully, we came into this year with a very strong liquidity position, including substantial capacity under our revolver, and also refinanced our debt, extended our major maturities and lowered our interest expense. We have a diverse portfolio of assets, product and services that uniquely position us to weather this crisis.

We are taking a variety of actions to help ensure that we meet the demands of this outbreak and are ready when the industry begins to recover. I am confident that the measures we are taking now will prepare us to come out of the crisis even stronger than before. And, I have never been prouder to lead a team where everyone is stepping up to help each other, our partners and our Company.”

The Company is instituting a number of cost-savings measures to ensure stability for team members and protect the operations of the Company. Some of these measures include workforce hour and pay reductions to preserve as many jobs as possible and furloughs for those support roles that have seen a decrease in industry work. During this challenging time, the executive leadership team has committed to a voluntary 50% salary reduction while Chief Executive Officer Barry Cottle has volunteered a 100% reduction in pay.

We recognize that the temporary furloughs that are made necessary by the impact of COVID-19 on our Company create substantial hardship for the furloughed employees and their families. We are establishing a Hardship Relief Fund to provide short-term assistance to those employees and their immediate families who incur unexpected and onerous personal, family, or living expenses as a result of the COVID-19 crisis. The Company, Barry Cottle and several other senior executives will be making contributions to the fund.

Scientific Games is committed to supporting our customers in this crisis by continuing to provide quality, secure products and services to partners across lottery, iGaming, sports betting and land-based casinos. In addition, SciPlay continues to publish free-to-play apps for players to enjoy.

Scientific Games leadership will continue to evaluate this rapidly-evolving situation and assess the duration of cost-savings measures based on the continuing impact of COVID-19.

© 2020 Scientific Games Corporation. All rights reserved.

 

About Scientific Games:
Scientific Games Corporation (NASDAQ: SGMS) is a world leader in entertainment offering dynamic games, systems and services for casino, lottery, social gaming, online gaming and sports betting. Scientific Games offers the gaming industry’s broadest and most integrated portfolio of game content, advanced systems, cutting-edge platforms and professional services. Committed to responsible gaming, Scientific Games delivers what customers and players value most: trusted security, engaging entertainment content, operating efficiencies and innovative technology. For more information, please visit scientificgames.com.

SOURCE Scientific Games Corporation

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Gambling in the USA

Oklahoma Indian Gaming Association Chairman Rejects Governor’s Offer

Niji Narayan

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Oklahoma Indian Gaming Association Chairman Rejects Governor’s Offer
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Matthew Morgan, chairman of the Oklahoma Indian Gaming Association, has rejected Gov. Kevin Stitt’s latest casino gambling offer and accused the governor of attempting to take advantage of the tribes during the COVID-19 outbreak.

Morgan termed the governor’s offer as “yet another unsuccessful attempt to divide the tribes.”

“The letter confirms the real intent of Governor Stitt is to destroy the tribal interest outlined in the existing compacts. The tribal leaders who received the letter reject the proposal as disrespectful and disingenuous,” Morgan said.

Steve Mullins, one of Stitt’s outside attorneys, wrote in a letter to the tribal leaders that the Corona pandemic has changed the landscape for tribal and non-tribal governments.

“Now more than ever is the time for us to stand together,” Mullins wrote.

Included with the letter is the proposed new compact, which would require tribes to pay a flat 5% fee on gambling revenue and authorise both the tribe and the state to offer sports gambling, Morgan said.

The compact would also vest more power with the state to interfere in tribal casino operations, such as approval of casino vendors and installation of a minimum number of electronic machines in casino floor.

“This compact is a huge power grab for his office,” Morgan said.

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Gambling in the USA

PlaySugarHouse.com Brings Joy To A Pennsylvania Man Who Hit The Divine Fortune Mega Jackpot At Home For More Than $159,000

George Miller

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PlaySugarHouse.com Brings Joy To A Pennsylvania Man Who Hit The Divine Fortune Mega Jackpot At Home For More Than $159,000
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PlaySugarHouse.com is once again bringing a little positivity during these difficult times to a West Chester, PA man who hit the Divine Fortune jackpot on Sunday night. Anthony, who asked that we not share his last name, hit the jackpot for a total winning of $159,052.43. This is the third time the Divine Fortune jackpot was hit at PlaySugarHouse.com since the closure of all land-based casinos in the states of New Jersey and Pennsylvania. The first time was in New Jersey on March 15th and the second time was in Pennsylvania on March 20th, both for over $278,000.

Anthony was at home with his family when he won. “I still feel like I’m in a dream,” the 55-year-old commercial painter said. “I was definitely not expecting it, and I had to ask myself if I really hit the jackpot.”

While he doesn’t have any set plans for his winnings, Anthony expressed that he would like to put aside some money for retirement.

“It’s exciting to be able to provide a chance for our players to win life changing jackpots on an outlet that doesn’t require them to leave home,” said Mattias Stetz, C.O.O. of Rush Street Interactive, which operates PlaySugarHouse.com and BetRivers.com.  “This win made a huge positive impact during this very trying period of time.”

With all land-based casinos in New Jersey and Pennsylvania closed, PlaySugarHouse.com has seen an increase in online casino play over the past couple of weeks.

This is the fourteenth Divine Fortune jackpot at PlaySugarHouse.com in Pennsylvania since its launch last summer.

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