Sunday, August 18, 2019

Sports Wagering and Business This Week


This will keep you current with the industry. These post will include trends about the sports betting market and information about what state is planning to offer it next. This will be a winning situation for a sophisticated operator and his constituents.



SugarHouse and Rivers Casino Pittsburgh collaborated with the direction of Rush Street Interactive to start a season long NFL Promotion that will have weekly prizes and a grand prize of $125,000 dollars. The is a fee of $150 per person to enter  with a limit of 25 entries per registrant. This contest is easy and should attract many sports bettors. You have to pick the games straight up and the person with the most wins is in the running for the money. For the weekly prizes, the tie breaker is the total points on the Monday Night Football Game. The second tie breaker is who submitted their entry first. For more details click here.


Parx Casino opened it's Sports Book as part of a 10 million dollar expansion on 8/9. It is a roomy 7400 square feet that includes a 156 foot media wall that can show up to 36 games at one time. There are 18 kiosks,200 seats and 3 VIP areas. 


The initial figures of the online gaming revenue in Pennsylvania are in. Here is the list of how each casino did. The 1st two months show a trend of more bets being placed on line than at the brick and mortar facilities. This replicates how bets are made in New Jersey. I anticipate that the percentage of online bets for Pennsylvania Sports Betting should approach 80% by the end of September. 


In Washington DC ,there will not be any sports betting to start the NFL season. There are still several issues involving logistics and regulations. The interest is high with several bars and small business owners making plans to apply for sports wagering permits that would allow for betting on site. The Monumental Sports and Entertainment appears to be targeting the spring of 2020 to have a venue ready that will include betting on sports and dining.


Iowa is the latest state to introduce sports betting. They will allow mobile gaming anywhere within state borders but to participate you must go to a casino to open an account. You have to register in person. There are several mobile platform providers that include William Hill and Caesars Interactive. Iowa has taken a smart approach by starting to take bets before the onslaught of NFL and College Football.


If you want me in real time you can follow me on Twitter, Facebook, Pinterest and Instagram for updates! You can also see my post on Bettors Insider  one of the top sites for sports betting and gambling.


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