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DELAWARE ALREADY BUDGETING FOR SPORTSBETTING
Delaware governor Jack Markell may not yet have full political authority from the state legislature to introduce sports betting, but he's budgetting for it this year to improve the cash-strapped state's revenues.
The Street reports that the state budget features tough pay cuts for state employees as high as 8 percent, together with increased medical plan contributions in an attempt to reduce state spending by some $330 million. Markell's proposals include reducing vacant positions, cutting back on the use of contractors and consultants, limiting a property tax rebate for elderly residents to those below a certain income level, and grounding state police aircraft.
Markell's proposed tax increases for the fiscal year starting July 1 total about $166 million. They include raising the state cigarette tax by 45 cents a pack, the alcohol tax by 50 percent, and the personal income tax rate for income over $60 000 by 1 percent. Increases in the corporate franchise, gross receipts and public utility taxes also are being proposed. The corporate franchise increase alone could raise more than $97 million next year, according to administration officials.
The governor's proposed sports betting lottery is projected to deliver some $55 million in its first year.
By virtue of a brief and unsuccessful experiment with a sports lottery in the late 1970s, Delaware is one of only four states, along with Nevada, Montana and Oregon, grandfathered under a 1992 federal law that bans sports gambling. Delaware's status as the only state east of the Mississippi River that can offer sports betting could provide an economic buffer against slot machine competition in neighbouring Pennsylvania and Maryland.
In addition to allowing sports betting at the state's three existing slot machine casinos, Markell wants lawmakers to approve competition for those casinos by authorising up to three new slot machine/sports betting casinos, as well as 10 sports-betting only venues. His proposal to increase the state share of slot machine revenue also is expected to generate opposition from the existing casinos.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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