Pennsylvania Sports Betting Bill Introduced, Penn State Football Popular at Sportsbooks

Pennsylvania Sports Betting Bill Introduced, Penn State Football Popular at Sportsbooks

A Pennsylvania sports betting bill has been introduced by State Rep. Rob Matzie (D-District 16) that seeks to allow residents in the Keystone State to place financial wagers on sporting outcomes should a federal law be repealed.

James Franklin’s Penn State football team provided large payouts for fans who backed the Nittany Lions last fall, and a Pennsylvania sports betting bill has been introduced to keep those monies inside the Commonwealth.

House Bill 519 would allow the business of accepting wagers on sporting events or on the individual performance of athletes. Traditional Vegas sports betting formats including straight bets, moneylines, parlays, exchange wagering, and pools would all be authorized. However, Matzie’s bill wouldn’t legalize daily fantasy sports.

‘Sports betting is a $400 billion business in the United States,’ Matzie said in a statement. ‘Most of that betting takes place illegally, through bookies and offshore wagering companies. This bill would position Pennsylvania’s casinos to be among the leaders in sports betting as soon as the legal hurdles are removed.’

Those legal hurdles are complex, as sports betting is currently outlawed in all but Nevada. For that to change, a federal statute passed in 1992, the Professional and Amateur Sports Protection Act (PASPA), would need to be repealed by Congress.

Pennsylvania is currently considering a massive gambling expansion packa

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds

Sports Betting Legalization as Polarizing as National Politics, New Poll Finds

Sports betting legalization is on the minds of many state politicians across the country, and gaming companies are licking their chops at the potential prospect of taking bets on pro and college sports.

America is split on Donald Trump’s presidency, and the public also can’t seem to make up its mind when it comes to sports betting legalization.

But the topic of ending sports gambling prohibition in the United States and repealing the Professional and Amateur Sports Protection Act (PASPA) is about as polarizing of an endeavor as picking between Donald Trump and Hillary Clinton for president.

According to a new poll conducted by Seton Hall University’s Sharkey Institute, 46 percent of Americans support legalization, while 42 percent said it would be a bad idea. Thirteen percent of respondents said they weren’t sure where they stood.

Passed in 1992, PASPA bars states from allowing sports betting markets to operate. Nevada, Montana, Delaware, and Oregon were granted exemptions from the federal statute due to already having some sort of sports gambling when the legislation was passed, but today only the Silver State takes full advantage of its immunity.

Polling Positives

Though the sports betting legalization research shows that Americans today are divided, the consensus should tilt in favor of ending the ban in the coming decades. That’s because Seton Hall found that 67 percent of those aged 18 to 29, and

New Jersey Online Gaming Study Predicts Huge Growth Trend Will Stay in 2017

New Jersey Online Gaming Study Predicts Huge Growth Trend Will Stay in 2017

Nj on line video gaming had its best year to date in 2016, while the future, at least according to one new study, will probably be even brighter.

Pennsylvania is expected to think about passing a law that is igaming year, and that would be further good news for brand New Jersey online gaming, as it might help reverse internet poker’s volitile manner.

Internet gaming organizations are increasingly being told to expect a revenues increase of 17 percent in 2017. Global gaming industry research group Eilers & Krejcik says online gambling within the Garden State will reach highs that are new the 12 months ahead, regardless of the company’s prediction that electronic poker will drop by six per cent.

Most useful yet for Atlantic City is their prediction that online play is leading to more bets placed at the remaining seven casinos that are land-based.

‘Increased integration between the online and real time casino appears to be driving additional play and visitation at land-based properties,’ the Eilers & Krejcik research reported.

Very good News or Bad myfreepokies.com News?

Although the headline reads nicely for internet casino operators while the state’s tax coffers, 17 %, while strong growth, would be a slowdown actually in regards to yearly percentage gain.

The nj-new Jersey Division of Gaming Enforcement (DGE) reported internet that is total in 2016 arrived in at $196.7 million. That is nearly $48 million