Last Wednesday, the Tennessee Education Lottery Corporation unanimously set a new low for the emerging US sports betting market when the board approved rules to cap payouts for winning wagers at 90% by forcing TN sportsbooks to keep a permanent 10% minimum hold—” hold” is the amount of profit made from the “handle” (total amount bet at a sportsbook).
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Legislation introduced by PA State Senator Doug Mastriano would temporarily divert sports gambling revenue towards property tax relief. Senate Bill 1117 aims to help homeowners and families cope with the financial difficulties associated with the COVID-19 pandemic
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2CV and ProdegeMR’s survey showed that 59% of gamblers have reduced spend on gambling, with 32% having actively looked for new things to bet on and 24% shifted their focus to other forms of betting. 22% of gamblers who have not previously tried esports betting will consider doing so within the next 3 months, and 62% of respondents said they needed more information on the sector.
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Professional sports handicapper and OSGA writer Ross Benjamin goes out on a limb to predict a couple of longshots to make this season’s NFL Playoffs. Ross concludes this highly informative article by disclosing those 2 picks and detailing why he chose both.
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Risk-free Saturday MMA betting at MyBookie.ag.
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Video betting tips for Friday horse racing action.
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Figures released Thursday by the Pennsylvania Gaming Control Board (PGCB) show overall gaming revenue of $153.5m in March, down 51% from the same month last year and 49.5% below February 2020’s total.
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The PGA Tour has announced that its campaign will resume on June 8 after releasing its revised schedule which concludes on September 8 with the Tour Championship. The Tour was originally targeted to resume on May 18 with the Charles Schwab Challenge. However, due to the growing COVID-19 concerns and The Players Championship being cancelled, the event will now take place on June 8.
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Don’t look for a surge in customers when Atlantic City’s casinos reopen. Based on a admittedly less-than-scientific survey of 100+ slot machine and table game players, only about 10% plan to return immediately. Most others will be a bit more cautious.
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Tennessee has ended months of work setting up its rules for an online-only sports betting law that passed last year and has yet to see its first wager. The Tennessee Lottery board’s vote Wednesday via teleconference due to the coronavirus pandemic highlights a bigger question: Will there be any games to bet on once sportsbooks are ready to go?
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