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.
Harrah's Philadelphia Casino open it's sports betting operation this week. This is a permanent facility and has 4,300 square footage of space. It has 45 large screens and 19 lounge seats. Harrah's has partnered with Scientific Games for the technological platform that will eventually include a mobile app offering. This is the 3rd casino in the Philadelphia area to offer sports wagering. The others are Sugarhouse and Parx.
The Super Bowl is approaching and is anticipated as one of the largest wagering events of 2019. More money will be wagered legally on this game than any other Super Bowl. This is not because of the match up but due to more states having sports betting. The handle would have been higher if New England were playing the Saints. The marquee match between Brady and Brees would have generated large prop action.
The states that are strongly considering adding sports betting next are New York and Maryland. Governor Cuomo is all in favor of New York having wagers on site at the casinos. Maryland wants to keep pace with the fast track legislation in Washington DC. How intelligent each of the sports betting operations are managed will determine success and profitability.
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