Metro Report: Sports Betting in New York, Washington DC & Philly

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Since the advent of Sports Betting the coverage of the New York, Washington DC and Philadelphia markets are essential to prognosticators. I would normally just focus on Las Vegas, Philly and Atlantic City but times have changed. So I will expand with my Gaming Guy News minutes into the 3 top cities on the East Coast.

The Giants are now in 2nd place in the NFC East. The Cardinals handle them easily and Daniel Jones did not look comfortable coming back from a hamstring injury. They are playing the Browns this week at home. Browns are favored by 3.5 in the opening line. After a thrilling loss to the Ravens on MNF in a game considered one of the best of the year, expect the number to go up.

The Washington Football team took over 1st place in the NFC East. After Dwayne Haskins came into the game for injured QB Alex Smith, the Washington defense rallied and took an interception to the end zone. They play the Seahawks at home this week and are 5.5 underdogs. While both team need the game, the betting public makes this number go to 6 or higher by game time.

The Eagles won for the 1st time in 5 weeks with Jalen Hurts having his 1st start as QB. He provided the spark the team needed and kept them in the race for the division. They are 1.5 games back with 3 to play. They have an 11% chance of winning the East. Their best scenario is to win out and Washington lose at least 1 of their next two games. They face the Cardinals this week and are getting 6.5. That line should stay static.

Sixers played a preseason game against the Celtics. They won 108-99 with the starters playing most of their minutes in the 1st half. No news on the James Harden watch. If the Sixers do go in on Harden ,the pieces they would have to consider moving are Tobias Harris, Matisse Thybulle and Mike Scott. The depth on the team would be lessened considerably. The addition of Harden would make the Sixers a championship contender. The Sixers have a projected win percentage of 58.5%. They would have to win 43 games to surpass that projection.

Kevin Durant and Kyrie Irving looked impressive in his preseason game against the Wizards. Russell Westbrook and Bradley Beal  sat the game out. After the game, Westbrook and KD embraced and spoke briefly. That was good for both of them considering how their relationship frayed when KD left OKC 4 years ago. The Wizards have a projected winning percentage of 45,5%. To exceed that projection they would have to win 33 games.

Sports Business and Sports Betting in DC is doing well on the retail side. William Hill & Monumental Sports and Entertainment  are increasing their handle every month. The average bet on a kiosk is approximately $125.  Parx Casino in Philadelphia had a combine retail and online gross revenue in October of 3,2 million before taxes. Those numbers will increase when the NBA returns to action.

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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.

Sports Business and Wagering 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. 

The Washington Wizards and NBC Sports Washington started a gambling focused telecast that gives the viewer the ability to make a bet in real time while watching the game at home. "If this performs well, we would seriously contemplate a larger rollout of similarly programmed events and potentially tie to an actual betting experience," said  Zach Leonsis, senior vice president for the ownership group, Monumental Sports and Entertainment.

In New Jersey, approximately 75% of the sports betting wagers were made online during the month of December. That percentage has increased every month since the start of legal wagering and the introduction of  mobile apps. This trend should not be overlooked. The numbers reported by New Jersey Division of Gaming Enforcement give the first sign of  market saturation. There is a correlation between a decrease in the amount wagered in New Jersey in December and the opening of sportsbooks in Pennsylvania.

In Pennsylvania, Harrah's Philadelphia and Valley Forge Resort will enter the sports betting retail market in 2019. The date has not been determined for either at the time of this post.

All of the home teams won during the Divisional round of the NFL Playoffs. Three of the 4 covered the point spread. While the Eagles were eliminated they went down fighting and covered as a 7 point underdog.

Each of the increasing popular Sports Betting 101 Series will be part of this so you can have each post together. Since we add a new post to that series every week you will always see the previous 3 with this feature. We encourage you to follow and stay relevant.  

The Las Vegas Experience

Straight Bets and Parlays

Point Spread and the Money Line

                                                      

                                                             Enjoy the NFL games!

If any organization wants to innovate your Sports Betting operation from your competitors then watch what we post in 2019.

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Sports Betting 101: Why the bettor should wager with a license operator

Now that you can wager legally on sports in several states, the public has the option to bet with a casino,racetrack or daily fantasy site. The daily fantasy sites that have a good product are FanDuel and DraftKings.

No longer do you have to bet with the illegal offshore sites that may not pay you or could shut down leaving you in a difficult situation.

You can now select between the local neighborhood bookie and the regional sports betting platform.That transition will appear difficult to some of you that have a established long term relationship with a bookmaker. I know! He lets you bet on credit. You can pay when you get your check. But Ted Leonsis, owner of the Washington Capitals and head of  Monumental Sports and Entertainment , uses a great analogy. What if he gets sick and passes away. He can't pay you.

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So going legal is the way to go. You are assured of getting paid. You can place your bet in a safe environment. You can bet on things that the local bookie will not take action on. Don't take chances. Just pick winners.

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                       Check out the app, Smart Responsible Gaming at thegamingguym.com/