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Heavy Lifting On Illinois Online Gambling, Sports Betting Has To Wait After Legislative Hearing

Home / US Online Poker / Illinois / Heavy Lifting On Illinois Online Gambling, Sports Betting Has To Wait After Legislative Hearing Heavy Lifting On Illinois Online Gambling, Sports Betting Has To Wait After Legislative Hearing Nicholaus Garcia , Aug 22, 2018 16:52 PDT The Illinois  legislature has set the stage for an October discussion on online gambling and sports betting following Wednesday’s committee hearing in Chicago. The House Gaming Subcommittee heard testimony from various stakeholders on an amendment to Senate Bill 7, sponsored by Democratic Rep. Bob Rita, which would not only bring slots and table games to the state’s three racetracks but also provide casinos with substantial tax breaks. Mark Bennett, president and general manager of Jumer’s Casino and Hotel in Rock Island, Illinois, which is operated by Delaware North, said, while the casino is happy to support video gaming terminals at racetracks, they would prefer it only on “live racing days.” “We support VGT expansion in areas of the state that can support it,” Bennett said. “But not at dormant tracks. We do support other forms of gaming and the elimination of the $2 casino admission tax.” Tom Swoik, executive director of the Illinois Casino Gaming Association, told committee members the association’s position on VGT’s has not changed.

For the original version including any supplementary images or video, visit https://www.onlinepokerreport.com/31929/illinois-online-gambling-discussion-set-for-october/

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New Jersey Devils Could Bank $5M in 2018-19 from Sports Betting Deals

New Jersey Devils sports betting Weber didn’t say how many agreements factored in to that projection, nor which companies the franchise was working with. Likewise, he offered no details about how these marketing deals would work. But he did note that his team had an edge over other pro sports teams looking to partner up with sportsbooks. “Obviously, being in New Jersey and being the only team in New Jersey gives us a great advantage,” Weber said. The Devils aren’t technically the only major professional sports team that plays in the state. Both the New York Jets and Giants play their home games at the Meadowlands, in East Rutherford. And if you include Major League Soccer, the New York Red Bulls play in Harrison, New Jersey. But all of those teams are more strongly connected to New York both in name and fan bases. Ever since the New Jersey Nets moved to Brooklyn in 2012, the Devils have more or less held a monopoly on the state’s professional sports market. That has made them an attractive partner for gambling companies looking to turn fans into bettors.

For the original version including any supplementary images or video, visit https://www.onlinegambling.com/news/2018/09/new-jersey-devils-could-bank-5m-in-2018-19-from-sports-betting-deals/

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2018-09-22 / Posted in