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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 :
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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