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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 :
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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