Saturday, July 20, 2019

Sports and Wagering 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.

New York approved sports betting and started accepting wagers this week. The sites include Rivers Casino Schenectady and Tioga Downs. Resorts World Catskills and Del Lago will have the capacity to take bets and are expected to announce their plans soon. All wagers must be made in person. There is no mobile sport betting component at this time. They are prohibited from taking bets on New York State collegiate sports teams and any college sports events held within the state.

Washington DC is still finalizing it's sports betting regulations. Once they are complete, expect retailers to apply for Class B licenses that will allow kiosks and sports betting windows in bars and event venues that serve food and alcoholic beverages. Once the application process starts the retailers will be highlighted by name and location. The stipulation in DC is Class B license holder can not be within the proximity of  two blocks from a Class A holder.

New Hampshire legalized sports betting last week, joining Rhode Island as the second state in the New England region to add sports bets to the gaming menu. The residents of New Hampshire can not bet on New Hampshire based teams. They do have a provision for mobile betting.

I can not stress enough that the future of sports betting is in the mobile and tablet side of the business. Unless you have an outstanding venue there is no reason to come place a bet with you that beats the speed of the mobile app. If you are in a jurisdiction where mobile is not an option then innovation is critical to your success.

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 , the Delaware Valley's top site for sports betting and gambling.




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