Sportsbook News: WV Bookies Bet on March Madness

West Virginia sports betting industry enjoyed a good week because of March Madness. The start of the NCAA basketball tournament helped WV bookies to achieve impressive numbers for revenue and total handles during the week ending March 23.   The bad news is that three sportsbooks in the state are still not open for business. However, they are paying out bets, which result in them losing money. In fact, Delaware operates the Mardi Gras Casino, Wheeling Island, and BetLucky mobile sports betting app. It recently ended its contract with Miomni Gaming.     Even without online pay per head sportsbook, the state’s sports betting market had a strong showing. Gambling news showed overall handle reached $4 million for the first time within a month. Also, it is the highest level achieved in six weeks.   WV Bookies Revenue  Revenue from sports betting increased to $700,000. In fact, it is the first time it reached that amount in three weeks. WV sports betting revenue is $773,000, which is the second highest amount earned by the sportsbooks for a week. The total revenue could be more if the three North Delaware sportsbooks were open.   Among the WV bookies, Hollywood casino remained the handle leader. It took more than $3 million bets for the week. In fact, it had more handles this week than the total number of handles for the entire market the previous week.   Greenbrier also enjoyed a good week in terms of the handle. In addition, it is just the sixth time it took more than $200,000 in bets for a week. Sportsbook pay per head experts point to the temporary closure of the North Delaware sportsbooks and March Madness for the spike in sports betting activities.  Since residents can’t place their bets online, bettors went to retail sportsbooks to gamble. According to pay per head reviews, there are no online sportsbooks operating in WV now. Residents are still waiting for casinos to apply for a mobile license to operate in the state.West Virginia sports betting industry enjoyed a good week because of March Madness. The start of the NCAA basketball tournament helped WV bookies to achieve impressive numbers for revenue and total handles during the week ending March 23. 
 
The bad news is that three sportsbooks in the state are still not open for business. However, they are paying out bets, which result in them losing money. In fact, North Delaware operates the Mardi Gras Casino, Wheeling Island, and BetLucky mobile sports betting app. It recently ended its contract with Miomni Gaming.   
 
Even without online pay per head sportsbook, the state’s sports betting market had a strong showing. Gambling news showed overall handle reached $4 million for the first time within a month. Also, it is the highest level achieved in six weeks. 

Read more: Sportsbook News: WV Bookies Bet on March Madness

Bookie News: Gibraltar Gambling Industry Faces Uncertainties with Brexit

Bookie News: Gibraltar Gambling Industry Faces Uncertainties with Brexit

As the day when Britain exits from the EU draws closer, the future of Gibraltar gambling industry is facing some uncertainties. The gambling hub depends on cross-border movement. In fact, around 10,000 Spanish workers commute to British territory daily. 
 
At present, Gibraltar enjoys the benefits of being a British overseas territory. The UK is a major economic partner of Spain. In addition, Gibraltar is a hub for various industries, including online gambling, insurance, and finance. 
 
Most British gambling companies prefer Gibraltar as their home base due to its tax laws. It provides a corporate tax rate of 10 percent that is lower than Spain’s 25 percent. As a result, Spanish businesses see Gibraltar as a tax haven. A look at pay per head reviews and you’ll see some top sportsbooks based in the territory.  

Read more: Bookie News: Gibraltar Gambling Industry Faces Uncertainties with Brexit

Ontario, Canada’s Online Gambling Revenue Rises

Canada’s Ontario Lottery and Gaming Corporation, or OLG has released the annual report for the 2017-2018 revenues. The period covers the year, ending in March 31, 2018. While Ontario has a long road ahead in surpassing the other provinces in Canada, their numbers are nothing to scoff at.

The report states a revenue of C$ 7.58 billion, which is around $5.8 billion. This means that the revenues show an increase of 5.6% versus the numbers in the fiscal year 2016-2017. Net Income shows an increase in 5.3% at C$2.49 billion.

Read more: Ontario, Canada’s Online Gambling Revenue Rises

Kyler Murray to Play Two Sports in 2019

Kyler Murray might not be part of the National Championship earlier this week, but many sports fans are still talking about him. Although he committed to play for the A’s, there are still some rumors that he will play two sports in 2019.  
 
The Oakland Athletics picked Murray ninth overall in the 2018 MLB Draft. As a result, he must give up football in order to fulfill his contract with the A’s. This is bad news for his fans who want him to continue playing football. 
 
There are reports that Kyler Murray might play both sports. However, the only option to do so is to play football at a collegiate level. According to the sports news grapevine, Murray may return to Oklahoma and play for one more year. This will not be a breach of contract with the A’s and still play in the minor league. 

Read more: Kyler Murray to Play Two Sports in 2019

What Sports Betting in the NBA Will Bring

Everyone who is in the sports betting industry knows that the legalization of sports betting is the US is going to happen eventually, and that the numbers on gambling will only increase. Not just because of the exposure sports betting will get from sponsorships and advertising. Even before sports betting was legalized in the US, thousands, if not millions, of people around the world have been betting on American sports, particularly the NBA.

In fact, bookmakers rake in millions in revenue from NBA betting. With technology backing them up, you don’t have to be inside a casino to place your bets. Just read what is an online bookie software and you will understand how easy it is to get in the gambling business.

And for the NBA, this is old news. True, Commissioner Adam Silver is one of the most progressive leaders the basketball industry has had. He also knows just how much the league can make money out of sports betting. But what exactly will it mean for basketball?

Read more: What Sports Betting in the NBA Will Bring

New York Court Rules on Daily Fantasy Sports

Daily Fantasy Sports, or DFS, is also gaining popularity. Unfortunately, a New York court judge has recently set out a ruling that DFS is a form of gambling. This means that current operators of DFS in New York are now unclear on what will happen to them. The plaintiffs in the case who filed the case are known anti-gambling campaign groups – and the complaint was filed after the 2016 legislation was passed.

The 2016 legislation allows DFS under the premise that DFS is a game of skill. But Albany County’s acting Justice Gerald Connolly favors the plaintiffs. Connolly said that the plaintiffs were able to explain and demonstrate that DFS does require skill, but still relies on a lot of luck to win. This means that DFS should fall under the definition of gambling of the state.

This means, state legislators do not have the authority to allow DFS. But, they could remove DFS from the state’s definition of illegal gambling. And as if this issue is not confusing and complicated enough, there is also an existing move to legalize single-game sports betting in New York.

Experts from the best bookie PPH services expect that the state will file an appeal. As such, those who are into DFS will not have their game time interrupted. The status quo will prevail for now. As to when the decision on the appeal will happen, no one knows. But this could take years, not just the proceedings itself, but the wait time since there is a backlog on the state dockets. All the state will have to do is ask for a stay of the ruling, so those who are into DFS in New York can still play. Keep track of the latest gambling industry news to see if anything changes.

 

Gambling Update – US Market Could be World’s Highest in 5 Years

The US Supreme Court made a historic ruling last month that allows the gambling industry an opportunity to establish itself in the US and be one of the biggest markets for sports betting by 2023. Industry experts are estimating a market for sports wagering to be worth $3.1 to $5.2 billion annually in 5 years’ time. It is the perfect time to learn how to become a bookie.

Aside from Nevada, there already at least seven states that are gearing towards opening their doors to sports betting because of the ruling. The said ruling struck down PASPA or the Professional and Amateur Sports Protection Act. There are also around 35-37 states who may be establishing lawful wagering laws in the next five years as well.

This will prove challenging since we are looking at different states who will possibly be making their own legislation and policies. You also have so many stakeholders, like the Indian Tribes, the sports leagues, gaming operators and the like, and all of them will be pushing for policies that may not exactly align easily.

Read more: Gambling Update – US Market Could be World’s Highest in 5 Years

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