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PGCB Reports Initial Sports Wagering Revenue

George Miller

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PGCB Reports Initial Sports Wagering Revenue
Photo Source: ninersnation.com
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The Pennsylvania Gaming Control Board posted on its web site its initial monthly report for Sports Wagering. The initial report encompasses just the returns from November 15th to 30th for Hollywood Casino at Penn National Race Course which was the first to launch a sports wagering facility in the Commonwealth.

The monthly report, which will include additional facilities as they launch sportsbooks, provides a breakdown of the total handle collected, gross revenue, and taxes owed to the Commonwealth.

During the aforementioned November period, Hollywood Casino at Penn National Race Course reported a handle of $1,414,586.55 and adjusted gross revenue after payouts of $508,996.60.

A total of $183,238.77 of tax revenue was generated and returned to the Commonwealth from sports wagering at Hollywood Casino during this two-week period:

State Tax (34% of adjusted gross revenue):

$173,058.84

Local Share Assessment (2% of adjusted gross revenue):

$10,179.93

Two additional facilities, Rivers Casino in Pittsburgh and SugarHouse Casino in Philadelphia commenced sports wagering during December. Revenue figures for those facilities will be included in next month’s report.

 

About the Pennsylvania Gaming Control Board:

The Pennsylvania Gaming Control Board is tasked to oversee all aspects of the state’s casino industry, along with oversight of new gaming initiatives created through amendments to the Race Horse Development and Gaming Act recently approved by the signing of Act 42 of 2017. To date, the PGCB regulates the play within the Commonwealth of Fantasy Sports Contests along with three casino operators offering Sports Wagering. Additional new gaming initiatives are expected to launch in the coming months.

The Commonwealth’s casino industry currently consists of 10 stand-alone and racetrack casinos in operation, along with the two smaller resort casinos.  These facilities collectively employ 17,000 people and annually generate approximately $1.4 billion in tax revenue from slot machine and table games play. The largest portion of that money is used for property tax reduction to all Pennsylvania homeowners.

Additional information about both the PGCB’s gaming regulatory efforts and Pennsylvania’s gaming industry can be found at gamingcontrolboard.pa.gov. You can also follow the agency on Twitter by choosing @PAGamingControl.

 

Source: Pennsylvania Gaming Control Board

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Delaware igaming industry performs well in January

Niji Ng

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Delaware igaming industry performs well in January
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The Delaware Lottery’s financial results have shown that igaming performed robustly on the financial front in January 2019, by posting a 57.9 per cent increase in revenues year-on-year.

Revenue rose to $279,541 (£217,970/€247,999), showing a 11.2 per cent month-on-month from December last year.

Players wagered $7.4m across the state’s three licensed igaming sites in January 2019, which represented a 65.5 per cent year-on-year advance, but a 27.7 per cent fall from the $10.3m staked in December 2018. Players won a total of $7.2m during the month.

Video lottery accounted for $190,223.44 of total monthly revenue, a 68.0 per cent share, followed by table games, which contributed a further $66,982.14. Poker rake and fees, on the other hand, contributed just $22,335.51.

Player registrations also grew significantly in January, up 117.3 per cent to 578.

The majority of revenue was generated by Dover Downs, which saw its more than double from $48,215.61 in the prior year to $139,816.37, with 233 players registering to play over the month.

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Gambling in the USA

New Hampshire challenges US Department of Justice over online gambling

Niji Ng

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New Hampshire challenges US Department of Justice over online gambling
Photo Source: bingoresourceguide.com
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New Hampshire and the company that supports the state’s iLottery system have sued the U.S. Department of Justice over a legal opinion that could put an end to online gambling and state-run lotteries.

The Justice department issued a legal opinion in November that re-interpreted the federal Wire Act of 1961 to ban interstate wagering. The department had been maintaining that online gambling within states that does not involve sporting events would not violate federal law, but in the November opinion, the officials said the law applies to any form of gambling that crosses state lines.

The New Hampshire Lottery Commission filed a lawsuit in federal court citing that the opinion subjects its employees to prosecution, creates uncertainty about whether it should cease operations and could cost the state more than $90 million a year.

Only a small portion of that total comes from the “iLottery” platform the state launched in September and is expected to bring in $4 to $6 million in the fiscal year that starts in July. But the broadest interpretation of the opinion would prohibit all lottery-related activities that use the internet, Attorney General Gordon MacDonald argued in the complaint. That includes transmission of data to backup servers set up in other states.

“Today New Hampshire is taking action to protect public education,” Gov. Chris Sununu said in a statement. “The opinion by DOJ puts millions of dollars of school funding at risk, and we have a responsibility to stand up for our students.”

“There is no indication in the plain language of (the Wire Act), its structure, its purpose, or its legislative history of an unmistakable Congressional intent to outlaw state-conducted lottery activity,” MacDonald wrote. “If Congress wishes to criminalise the interstate transmissions required to operate state-conducted lotteries, it must do so in clear, unmistakable language. Congress has not done that in the Wire Act. ”

NeoPollard Interactive, which offers support for New Hampshire’s iLottery hardware and software, has also filed a suit.

The company’s attorney, Matthew McGill, called the justice department’s opinion a “lawless act.”

“This opinion would subject to felony prosecution conduct that two court of appeals, including the First Circuit, have said is lawful,” he said in a statement. “This is an outrageous and dangerous usurpation of authority.”

The Department of Justice declined to comment.

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Gambling in the USA

Minnesota mulls legalising tribal sports betting

Niji Ng

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Minnesota mulls legalising tribal sports betting
Photo Source: sportshandle.com
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Minnesota is planning to formulate a new bill for legalising sports betting at tribal casinos in the state.

The new bill, named the new Safe and Regulated Sports Gambling Act of 2019, was introduced by Representative Pat Garofalo. It proposes plans to form the Minnesota Sports Wagering Commission, an authority that will have the powers to regulate the state’s sports betting market.

The bill would allow in-person sports wagering at casinos runs by recognised tribes in Minnesota, while consumers would also be able to place bets via mobile and other electronic devices on-site. The bill stipulates that any mobile app to block access to consumers if they are more than 20ft away from a tribal property.

Consumers can bet on all sports and events authorised by the Commission, including US collegiate sports, but wagering on virtual events would not be permitted.

According to the proposal, the new commission will sanction two types of licenses: a sports pool licence and a mobile and electronic sports pool licence, with casinos permitted to apply for both types of licences. The bill does not set out the cost for either licence.

The bill would also enable casinos to enter into agreements with third parties to manage or operate an on-site sports pool, a mobile and electronic sports pool, or both.

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