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Gambling in the USA

Study Reveals New York is Losing $200+ Million by Not Legalising Online Sports Betting

Niji Narayan

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Study Reveals New York is Losing $200+ Million by Not Legalising Online Sports Betting
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A recent study released by the market research firm Eilers & Krejcik in February 2020 has estimated that New York is losing $200+ million in revenue by not legalising online sports betting. As per the study, the estimated range of money being left on the table by New York is between $203 million and $286 million.

The research firm, in a report commissioned by New Jersey sports betting market-leaders FanDuel and DraftKings, proposes three scenarios of taxation using a projected amount of sports book licenses, from 7 to 10, being charged licensing fees of $12 million a year.

The projections are being put forth as Gov. Andrew Cuomo’s budget discussions that seek to address a $6 billion budget deficit in the Empire State do not highlight the legalisation of online sports gambling as a remedy.

“This is not the time to come up with creative although irresponsible revenue sources to solve a problem which doesn’t really exist,” Cuomo said.

State Sen. Joseph Addabbo, the most staunch proponent of sports gambling in the state, told The Action Network that if online sports gambling is not in the state budget by the time it is resolved on April 1, it will likely not be approved until 2021.

Addabbo’s strategy is to get Cuomo’s attention by showing how much money New York has lost to neighbouring New Jersey. The Garden State pulled in $4.6 billion in bets in 2019, 85% of Nevada’s handle, making Jersey the second-most valuable sports gambling state in the nation.

Eilers & Krejcik estimates that New Yorkers bet $837 million on sports in New Jersey. When subtracting the payouts for wins using a conservative hold percentage, it is an estimated $57.1 million in revenue for the operators and $6.2 million in tax revenue lost by New York to New Jersey.

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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Gambling in the USA

Barona Resort & Casino Extends its Closure

Niji Narayan

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Barona Resort & Casino Extends its Closure
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The Barona Band of Mission Indians has extended the closure of Barona Resort & Casino to April 19 in response to the ongoing concerns about COVID-19. All staff members will continue to receive pay and benefits during this time.

“Barona’s Tribal leaders will continue to monitor and evaluate the situation on a daily basis as the health and safety of our staff, players and community is our top priority. We anxiously await the day we can welcome our staff and players back home to Barona. For now, we hope to be able to re-open on Monday, April 20. We thank the entire Barona family, including our 3,100 Barona staff members and all of our players for their support and patience during this difficult time,” the Barona Band of Mission Indians said.

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