Sports Betting News Updates: Mass Lawmakers Not All on Board With Betting, Parx Leads Way in PA

Key Massachusetts Lawmakers Not on Board With Sports Betting

We may need to be scratching Massachusetts from offering sports betting from the state.  While residents have access to sports betting with a few dozen international sites, not all lawmakers want sportsbooks operating in-state.  SCROLL DOWN FOR THE LATEST GAME ODDS, PREVIEWS FOR ALL MATCHUPS AND PICKS

From the Taunton Daily Gazette:

“I wouldn’t bet on it,” said Sen. Eric Lesser, who as co-chair of the Joint Committee on Economic Development and Emerging Technologies has been studying sports betting in preparation for possibly writing a bill to expand yet another form of gaming in Massachusetts.

Along with House co-chair Rep. Ann-Margaret Ferrante, Lesser said Thursday at a State House News Forum on sports betting that he and Ferrante are still in listening mode and have not yet settled on questions like whether to allow online bets, whether to take bets on college games or what tax rate to set on wagers.

“We’re still in the fact-finding stage of all this. As I think has been well-reported, this is a complex issue,” Ferrante said. “It is an issue we want to be very diligent with and we want to make sure that if Massachusetts is to go forward with this, that we do it properly.”

Find the Latest Live Odds, Line Movements, Concensus Picks and Game Previews

Parx Leads the Way in PA

Pennsylvania may be having second thoughts about getting into the sports betting market.

It was a down month in April for the new sector there as PA reported a 23.5% decline.

Parx Casino led the way with $907,298 in total sports betting revenue, but a drop from 7.8% to $907,298.

Total revenue fell to $4.2m (£3.3m/€3.8m), with handle down 17.4% to $36.8m, for a hold of 11.5% overall.

This comes as the total number of sportsbooks went up from 6 to 8.

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How to Start a Profitable Bookie Business

Moving forward 2019 and beyond, the bookie industry is filled with many challenges and many opportunities, especially the rise of the new media like the internet.

Being a profitable bookie requires the combination of several different skills: you need to master content, sales, psychology, customer service, and good old-fashioned marketing if you want to grow your sports betting business to the next level.

Altogether, online gaming brought in an estimated 37 billion dollars, according to Statista. The biggest grossing contenders on that list? Online gambling and sports betting and online casinos.  Read More Here

Mobile in the Betting Market: The Challenges

Travelers are increasingly turning to their phones to check flight statuses, and, in New Jersey, to bet on sports.

In April, online sports betting accounted for 81 percent of the Garden State’s nearly $314 million in handle.

The challenge for sportsbooks looking to enter the mobile world, though, lies in developing and maintaining technology that is user-friendly, legally compliant, and fast enough for in-play wagers.

From Sporttechie.com:

Carter (CEO of SBTech) said the goal is to learn from the presentation of bets in Vegas, but to transform the experience into one that’s more casual, with more interactive information and bet types. DraftKings director of sportsbook product Dan Hannigan-Daley said the overlaying of stats, visualizations, and game streams can also help inspire user confidence.

He said his team’s vision is “making sure it’s very quick, it’s very in-the-moment, it’s personalized, it’s in your hand, it’s in your pocket.” That can be achieved based on a user’s previous bets, daily fantasy play, location, and other inputs. Features like using Apple’s Face ID for logins can also streamline access to apps.

More Sports Betting News

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- Aaron Goldstein, Gambling911.com