1. #1
    PAULYPOKER
    I slipped Tricky Dick a hit of LSD!
    PAULYPOKER's Avatar Become A Pro!
    Join Date: 12-06-08
    Posts: 36,596

    Penn Nat,1st to throw caution to the wind,ante's up the $10ML SB app. fee in PA!

    Making 2nd state history On Friday 8/17/18,
    Penn National Ends The Wait For A Pennsylvania Sports Betting Applicant



    The long wait for Pennsylvania sports betting appears to be nearing an end after the state received its first license application Friday.
    PGCB@PAGamingControl


    Gaming Control Board has received first petition to request offering sports wagering from Mountainview Thoroughbred Racing, operator of @HollywoodPenn
    11:55 AM - Aug 17, 2018




    Twitter Ads info and privacy


    Penn National submitted its request to start sports betting at Hollywood Casino Penn National Race Course. That request must be accompanied by a $10 million licensing fee, which along with a 36 percent effective tax rate on sports betting revenue long has impeded operators from jumping into Pennsylvania.


    The application indicates William Hill will partner with Penn National to run the sportsbook. Earlier today, Penn National announced it will launch West Virginia sports betting, which also will be with William Hill.


    “Our plan is to locate our sports book in a newly renovated simulcast theater area at Hollywood Casino and the operations will managed by William Hill US, the largest sports betting operator in the United States. Operations are expected to begin later this fall upon final approval by the Pennsylvania Gaming Control Board,” said Fred Lipkin, vice president of marketing for the property.





    Slow buildup to Pennsylvania sports betting


    Whether you consider this May or last year to be your starting point, the delay in operators jumping into Pennsylvania sports betting feels significant.


    Pennsylvania state legislators approved legal sports betting in 2017 with the caveat of the need for federal approval. That green light arrived in May when the Supreme Court struck down PASPA and cleared the way for states to legalize single-game wagering on sports.


    The law, though, appeared prohibitive to profit for casinos. The steep licensing fee and upper-end tax rate kept operators out of the Keystone State even after regulators opened the license application period in late May.




    Summer announcements built some momentum


    As summer wore on without any applicants to the state, speculation about the viability of Pennsylvania’s structure grew. Some even started to speculate whether the state would expand the availability of licenses to casinos not presently operating in Pennsylvania.


    Parx broke the seal with the first announcement of Pennsylvania sports betting plans. It will extend its partnership with GAN for its operation.


    Next came Mount Airy, which revealed its blueprint for working with The Stars Group to facilitate its sports betting. The Stars Group, operating as PokerStars and BetStars, will bring omnichannel solutions for Pennsylvania gaming.




    Who will follow suit in Pennsylvania?


    There appeared to be some solidarity in casinos silently rejecting Pennsylvania’s tax and licensing rules, at least in the earlier part of the year. Now the question becomes, who will follow Penn National’s lead?


    Here’s the list of Pennsylvania casinos without announced plans:


    Last edited by PAULYPOKER; 08-18-18 at 04:07 PM.

  2. #2
    Hman
    Hman's Avatar Moderator
    Join Date: 11-04-17
    Posts: 21,456
    Betpoints: 1209

    We'll probably never see it in Florida.

    Indian Casinos rule here & the Governor & even Disney are on their side.

    From what I've read Indian casinos don't seem to have much interest or in a hurry to add sports betting.

  3. #3
    RudyRuetigger
    BACK
    RudyRuetigger's Avatar SBR PRO
    Join Date: 08-24-10
    Posts: 64,666
    Betpoints: 31

    pauly this is your 1000 thread in players talk this year


    and your first one that actually belongs here

    good job bro
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: Foxx
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 10/21/2021


  4. #4
    Fire in da hole
    Fire in da hole's Avatar Become A Pro!
    Join Date: 09-29-10
    Posts: 6,260
    Betpoints: 105

    Quote Originally Posted by Hman View Post
    We'll probably never see it in Florida.

    Indian Casinos rule here & the Governor & even Disney are on their side.

    From what I've read Indian casinos don't seem to have much interest or in a hurry to add sports betting.
    Right now, the Indians are more focued on getting craps, roulette etc in the casino

    SBR Bash
    Punta Cana
    Attendee 2/4/2017


  5. #5
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 374,197
    Betpoints: 1967

    Lol William Hill

    Pass for me and I live in PA

  6. #6
    PAULYPOKER
    I slipped Tricky Dick a hit of LSD!
    PAULYPOKER's Avatar Become A Pro!
    Join Date: 12-06-08
    Posts: 36,596

    Who can apply for a Pennsylvania sports betting license?

    The law permits any “slot machine license” to apply for a “sports wagering certificate.” That is, the state’s casinos and racinos.
    There are currently 12 of them:

    • Harrah’s Philadelphia, Chester
    • Hollywood Casino at Penn National Race Course, Grantville
    • Lady Luck Casino Nemacolin, Farmington
    • The Meadows Racetrack and Casino, North Strabane Twp.
    • Mohegan Sun at Pocono Downs, Wilkes-Barre
    • Mount Airy Casino Resort, Mt. Pocono
    • Parx Casino and Racing, Bensalem
    • Presque Isle Downs & Casino, Erie
    • Rivers Casino, Pittsburgh
    • Sands Casino Resort Bethlehem, Bethlehem
    • SugarHouse Casino, Philadelphia
    • Valley Forge Casino Resort, King of Prussia

    Although each of them have the option to apply for a sports betting license, it’s not clear how many will do so. The $10 million entry fee is steep, and the 36 percent tax rate will make it untenable for some.
    A 13th casino — Philly Live! — is also on the way. As it will be in the Philadelphia stadium district, it will be a logical choice to house a sportsbook.
    Can I bet on sports on my phone in Pennsylvania?

    You will be able to soon, as long as you’re physically locatedwithin the state’s borders.
    Who can bet on sports in Pennsylvania?

    Anyone over the age of 21 can legally bet on sports in Pennsylvania.
    How much revenue does Pennsylvania sports betting generate?

    Currently none.
    The potential market is hard to gauge. Now that federal law has changed, there could be significant competition in the Northeast, especially. New York and New Jersey are both positioned to allow sports betting in the future (NJ most immediately), which could further cap Pennsylvania’s potential revenue.
    At this point, it’s too early to tell how many operators will even move into the space, let alone what the revenue numbers might look like under the burdensome 36 percent tax rate.

  7. #7
    capitalist pig
    capitalist pig's Avatar Become A Pro!
    Join Date: 01-25-07
    Posts: 4,819
    Betpoints: 49

    Quote Originally Posted by Hman View Post
    We'll probably never see it in Florida.

    Indian Casinos rule here & the Governor & even Disney are on their side.

    From what I've read Indian casinos don't seem to have much interest or in a hurry to add sports betting.
    It’s going to be up to the voters in Nov as to who controls everything gambling related. I believe it’s amendment 3 on the November ballot that will determine what happens here in FL. The voters will have chance to take it away from the legislature in Tallahassee if we can muster 60% to vote yes. If that happens the Indians will have no say as to what happens off their land. I’m in FL and unfortunately nobody seems to even know what amendment 3 is. It’s going to be a tough road ahead here in FL

    later

  8. #8
    Foxx
    Buena Suerte
    Foxx's Avatar SBR PRO
    Join Date: 05-25-11
    Posts: 4,824
    Betpoints: 1196

    Quote Originally Posted by RudyRuetigger View Post
    pauly this is your 1000 thread in players talk this yearand your first one that actually belongs heregood job bro
    My first thought exactly

  9. #9
    PAULYPOKER
    I slipped Tricky Dick a hit of LSD!
    PAULYPOKER's Avatar Become A Pro!
    Join Date: 12-06-08
    Posts: 36,596

    Can I bet on sports on my phone in Pennsylvania?

    You will be able to soon, as long as you’re physically locatedwithin the state’s borders.
    Until this happens,I'll continue to use offshore and locals as there is no
    economical conveniences in brick&motor compared to offshore and my no tax local...

    I'd say about 99% of current offshore players are in the same boat as I....

    It is a given the new US sports betting industry knows and understands what they need to do in order grab up the all offshore US dollars......

    Because of this, we will see online legalization pretty much while the new industry and Will Hill are still on their honeymoon...........

    I mean the willingness to pay a $10,000,000 application fee and partner up with offshore giant Will Hill, is one Hell of a clue...

    I'm sure Trump will take credit for bringing the US sports bettor's dollar
    back to America again,Lol..........

    Trump:"I Captained the very ship that brought our great dollar back to our magnificent shores as it was glorious,just glorious!Believe me,I know as I own all of Atlantic City...I had to file bankruptcy multiple times because of these offshore crooked Hillary,Pirates!"

  10. #10
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 374,197
    Betpoints: 1967

    there is zero math advantage to play in usa

  11. #11
    A Quant
    A Quant's Avatar SBR PRO
    Join Date: 05-14-18
    Posts: 972
    Betpoints: 65

    Quote Originally Posted by jjgold View Post
    there is zero math advantage to play in usa
    EDIT.

    See below.
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 10/14/2021


  12. #12
    A Quant
    A Quant's Avatar SBR PRO
    Join Date: 05-14-18
    Posts: 972
    Betpoints: 65

    Quote Originally Posted by jjgold View Post
    there is zero math advantage to play in usa
    And you don't think you getting paid to post on a gambling forum funded by the offshore industry clouds your judgement some, just a tiny bit?
    175 pts

    3-QUESTION
    SBR TRIVIA WINNER 10/14/2021


  13. #13
    Louisvillekid1
    Louisvillekid1's Avatar Become A Pro!
    Join Date: 10-17-07
    Posts: 51,406
    Betpoints: 1192

    Quote Originally Posted by capitalist pig View Post
    It’s going to be up to the voters in Nov as to who controls everything gambling related. I believe it’s amendment 3 on the November ballot that will determine what happens here in FL. The voters will have chance to take it away from the legislature in Tallahassee if we can muster 60% to vote yes. If that happens the Indians will have no say as to what happens off their land. I’m in FL and unfortunately nobody seems to even know what amendment 3 is. It’s going to be a tough road ahead here in FL

    later
    Hey can you post more

    Always respected

  14. #14
    jjgold
    Update your status
    jjgold's Avatar File Clerk
    Join Date: 07-20-05
    Posts: 374,197
    Betpoints: 1967

    Not at all

    I live 5 miles from New Jersey border I would never waste my time playing there it makes zero sense just go do the math


    How do I not bet -105 To -108 lines?

    Quote Originally Posted by A Quant View Post
    And you don't think you getting paid to post on a gambling forum funded by the offshore industry clouds your judgement some, just a tiny bit?

Top