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. 

The Pennsylvania Gaming Control Board released the figures that the Sports Books in Pennsylvania generated during the month of  January. SugarHouse Casino had the largest handle in the state. Parx Casino had the largest hold of all operators. For the entire breakdown go to PGCB.

Rivers Casino had the most signifigant addition to the Sports Betting  landscape on the East Coast with Jimmy Vaccaro. Mr. Vaccaro will be Director of Sports Relations for Rivers. This hire brings expertise and credibility to Rivers.

The Philadelphia Business Journal had the 2019 Book of Lists this week. The casinos were ranked by Sharon Oliver who compared total gross revenue. The top 3 were Parx Casino, Borgata Hotel Casino and Spa and SugarHouse Casino. Each of them have plans to expand their sports betting operations from temporary spaces to permanent dedicated area in 2019.  For the entire list contact the Philadelphia Business Journal and obtain the book.

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. 

CG Technology is coming to New Jersey. They have a partnership with the Meadowland Racing to develop a sports betting app. This is the 3rd skin that is associated with the Meadowlands. The other two are  FanDuel Sportsbook and PointsBet.  CG Technology have a great product and have associations with the Venetian and the Palms in Las Vegas.

Nevada came out on top with the bets on the Super Bowl. They held more than 10,000,000 thru out the state. New Jersey losses 4.5 million on the big game. Nevada had the advantage of having future bets that were tied to the contest. Prop bets and the Las Vegas experience prevails.

Most of the wagers that are coming into New Jersey Sports Books are on mobile devices. Meadowlands take 4 times as many bets online as they do on site. They have enhance the retail experience by  having a broadcast from the sports book that is hosted by Lisa Kierney, former ESPN and Sportscenter anchor. The show provides stats and information for the betting  public.  FanDuel is going with a similar concept in Las Vegas at Caesars Palace this fall.

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. 

Rivers Casino Pittsburgh hired Jimmy Vaccaro to join their team as Director of Sports Relations.This coincides with the recent opening of the sports betting operations. Mr. Vaccaro is highly respected in the area of Race and Sports Management. The retail end of the sports book will improve significantly by having his expertise .

In a independent raking, Ocean Resort Casino was selected as the best place to bet on Sports in Atlantic City. They were cited as having the best odd boards and TV's in the area. They received this ranking without the benefit of having kiosks to enhance the betting process. Get the entire ranking for New Jersey & Pennsylvania from Philly.com and Ed Barkowitz. Follow Ed on Twitter @edbarkowitz.

The operator that you should be watching is  PointsBet. They are taking wagers in New Jersey and have their eye on action in New York once sport betting is legalized there.  They made international headlines by refunding wagers that were placed on Saints in the NFL Conference Game. Great public relations move by Johnny Aitken and Seth Young. They were also the 1st Sports Book in New Jersey to take bets on the 2019 Academy Awards Oscars.

                                                     Enjoy the Super Bowl!

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. 

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.

Bettors Insider: The Delaware Valley Top Site for Sports Betting Information

Excited to announce that I 'll be part of the team at Bettors Insider! They are the Delaware Valley #1 site for info on sports betting, gaming,casino entertainment and dining, My post will appear on Mondays and Thursdays. My articles will include news about sports betting, E sports and casino related events. I will still be busy writing and posting material here.
Some of the awesome writers on the staff include Bob Vetrone Jr., Chuck Darrow and Ben Turk Tolub.Each of these gentleman wrote for the award winning Philadelphia Inquirer or Philadelphia Daily News. Howard Gensler is our renowned editor. What an honor to be part of this distinguish team. My 1st post will appear on 1/28. Follow Bettors Insider.com and subscribe to the newsletter.
You can follow them on Twitter @bettorsinsider. 

NFL Conference Championship Games

The matches are set for the NFL Conference Championship Games. Kansas City Chiefs will play the New England Patriots and the Rams will play the Saints. Before we make a selection lets talk about the divisional games. We picked Indy and Dallas and lost both games on Saturday, We hit with Patriots and the Saints under on Sunday. Record was 2-2. When you include Wildcard weekend the record is 5-3.

Chiefs have the most electrifying offense in the league. They are explosive and will score 30 like it's nothing. Their defense played outstanding against Indy. We are not sure if that was a one time performance. We are sure that Mahomes is MVP of the league. Tom Brady is on his way to his ultimate goal.This is his 8th straight Championship game.They match up earlier this year with the Pats winning at home. Kansas City returns the favor. More weapons than Pats. Andy gets the best of Bill this time.

Rams showed the ideal balance against the Cowboys. Two players rushed for over 100 yards. The defense controlled Zeke Elliott Brees led Saints from 14 point deficit against the Eagles. The Saints offense is not as prolific as they were prior to the loss to the Cowboys in the regular season. They finish drives now with field goals. That is not the formula for success  against the Rams. This will be a lower scoring game than the last time these two teams squared off. We see the under as the play. More time of possession drives for both teams. It is currently at 56.5.  Saints in a game that they win by 9. Payton gets the best of McVay again,

                                                    Enjoy the NFL games!

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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