Earlier this month, WSOP and 888 Poker announced plans to combine their clients into a unified, three-state network. Those plans are now reality, and ahead of schedule.
The post WSOP.com Multistate Poker Goes Live Across New Jersey And Nevada appeared first on Online Poker Report.
The PA Gaming Control Board clarified some of its recent regulations regarding online gambling skins. The clarifications are not what most people were hoping to hear.
The post PA Regulators Offer New Online Gambling Explanation, But Are Still Making It Difficult To Operate As A Skin appeared first on Online Poker Report.
Someone has come forward with the $456.7 million jackpot-winning Powerball ticket sold at a Speedway gas station and convenience store in Lancaster County last month. Technically, it is not a person whose name is on the ticket. instead, it is the Emerald Legacy Trust.
According to Pennsylvania Lottery officials, the claimant set up a trust and opted to receive a cash prize of $273,959,698 last week. After 24 percent federal tax and 3.07 percent state tax was withheld, the Emerald Legacy Trust received a prize of $199,798,807.75 from the Pennsylvania Lottery.
Lottery jackpot winners often set up a trust to claim big winnings. In fact, a trust can help the winner or winners remain anonymous and help them manage the newfound wealth.
This marked the 18th time a person or group of people in Pennsylvania has won the multi-state Powerball jackpot. However, this is the largest prize ever awarded by the Pennsylvania Lottery. Additionally, it is Powerball’s eighth-largest jackpot to date.
The winning ticket matched all five white balls, 22-57-59-60-66, and the red Powerball 07, for the Saturday, March 17, 2018 Powerball draw held on St. Patrick’s Day.
The Pennsylvania Lottery announced a few days after the draw that the ticket was sold at the Speedway at 675 Lancaster Road in Manheim.
Lottery officials said the ticket holder had one year from the date of the draw to claim the prize. The winner could have accepted a $456.7 million annuity in 30 payments over the next 29 years, or a $273.9 million lump sum in cash, less state and federal taxes.
The Speedway station was able to collect a $100,000 bonus for selling the winning ticket.
At the time, Lottery Executive Director Drew Svitko congratulated Speedway for selling winning ticket. Plus, he congratulated the winner for finding some tremendous St. Patrick’s Day luck.
In addition to 18 Powerball jackpot wins, Pennsylvanians have won the Mega Millions multi-state lottery jackpot twice. In fact, that makes this particular winner the Pennsylvania Lottery’s 20th multi-state jackpot winner to date.
The Pennsylvania Lottery started selling tickets for Powerball in 2002 and Mega Millions in 2010.
A total of 44 states, Washington, D.C., US Virgin Islands, and Puerto Rico sell Powerball and Mega Millions tickets.
The largest multi-state lottery jackpot ever was a $1.6 billion Powerball jackpot. Three winners from California, Florida, and Tennessee split the jackpot in January 2016.
The Pennsylvania Lottery will actually go online in May. In fact, a comprehensive gambling expansion package passed by state lawmakers in October 2017 included approval for online lottery sales.
However, online lottery sales in PA will not include Powerball and Mega Millions tickets at launch. Powerball and Mega Millions tickets might be added at a later date.
All Pennsylvania Lottery proceeds go to programs benefiting older residents and have since ticket sales began in 1972.
The post Powerball Winner Claims Ticket, But We Still Don’t Know His Name appeared first on Play Pennsylvania.
Their attempts to launch a casino failed, but the Mashantucket Pequot tribe is having more success getting their $50 million license fee back.
The post Failed Foxwoods Casino Inches Closer To Getting $50 Million Back appeared first on PA Online Casino News.
Sports betting enthusiasts are sitting on the edge of their seats awaiting a Supreme Court decision in the New Jersey sports betting case.
Casinos, however, are doing more than waiting, they are busy planning. In recent earnings calls, MGM, Penn National, and Churchill Downs (CDI) all mentioned sports betting and the potential impact on their bottom lines.
MGM is moving ahead with plans to take advantage of the legalization of sports betting outside of Nevada once the decision is official. It is operating under the assumption of “when” not “if” sports betting becomes legal.
“I think there should be great emphasis on what might happen at the Supreme Court,” Jim Murren, MGM Resorts International CEO said on last week’s Q1 earnings call. “Our legal experts seem very confident that PASPA will be overturned.”
MGM already offers sports books at its Nevada properties where sports betting is legal. It also operates playMGM, an online sports betting app which could give it a distinct advantage.
With properties in six additional states, including New Jersey, MGM is ready to implement sports betting quickly. Its properties outside of Nevada include:
Of the states where MGM currently operates, Mississippi and New Jersey have legislation that would allow for legal sports betting if the decision is favorable. Additionally, Michigan, Maryland, and Illinois recently introduced legislation.
All in all, there are 20 states in the U.S. that are in varying stages of the legislative process regarding sports betting.
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Visit Borgata“We intend to be the biggest beneficiary of commercial sports betting if the Supreme Court should overturn PASPA as early as June,” Murren said.
MGM’s stock fell after reporting a one-percent drop in revenue in Q1 at its U.S. properties. During the earnings call, Murren expressed a bright future for the company thanks to sports betting.
Besides the potential for sports betting at its other properties, MGM has invested in sports teams and arenas in the Las Vegas area – making sports a pivotal driver to MGM’s immediate success.
It’s not just MGM that is banking on sports betting. As mentioned earlier, Penn National and CDI are also keeping sports betting front of mind.
It’s fair to say that every casino in the U.S. is hoping for the decision to come down in favor of New Jersey’s position. The enthusiasm around sports betting has everyone parked in front of the Supreme Court’s blog on opinion days.
Casinos are joining forces in opposition to an integrity fee proposed by the sports leagues. It is seen as a way to profit from what is sure to be a significant revenue boost if sports betting becomes legal.
Sports wagering has been happening in Nevada since 1949 without such a fee. Instead, sports books are responsible for paying a tax on revenue to the state.
The integrity fee would be assessed on all amounts wagered. The fee would be in addition to the tax on revenue owed to the state. The sports leagues are lobbying state legislatures to include a fee in their bills.
It is not to say some sort of fee isn’t warranted. It is just the fees the leagues are requesting will not be sustainable to the sports books as proposed.
Additionally, there is no oversight that the integrity fees are actually used to ensure the integrity of the game. It brings into question what the leagues will do with the integrity fees that they aren’t already doing.
Legalizing sports betting is only the first step in launching a sports book. There are a whole host of details to be ironed out on a state-by-state level including license procedures, tax policies, and other requirements.
Most industry experts believe the Supreme Court will rule in favor of New Jersey. The decision is expected to come before the Court breaks for the summer in July.
That is when the real work begins. It looks like MGM is ready to flip the switch – at least in New Jersey and Mississippi once given the go ahead. It stands to reason, its other properties will quickly follow.
The post Like The Boy Scouts, MGM Wants To Be Prepared If Sports Betting Happens appeared first on Play USA.
Five online casinos are now offering live dealer casino games in New Jersey, but all of them are being run through Golden Nugget’s live dealer studio.
The post Borgata’s Online Casinos Jump On The Live Dealer Casino Bandwagon appeared first on Online Poker Report.
Four months ago, Carlisle borough council voted 4 to 2 to opt-out of hosting a satellite casino as part of Pennsylvania’s gambling expansion legislation.
Even so, Greenwood Gaming and Entertainment has set their sights on the city that sits just outside of Harrisburg. It will be an uphill battle for the company that currently operates Parx Casino in Bucks County.
The legislation that makes provisions for municipalities to opt-out of hosting a property also allows those same municipalities to change their minds.
Greenwood will make a presentation to the borough council on May 2. The workshop meeting is open to the public and will start at 6 p.m.
Presenting to the council is surely a sign of interest in the Carlisle sight for a future satellite casino. The presentation will also provide Greenwood with insight into the amount of community support for hosting a casino. An unusual move considering the recent vote to opt-out.
It’s unclear if Carlisle officials and its residents are willing to reverse its current opt-out status. Needless to say, there are both proponents and opponents to the possibility of becoming a host city.
A casino in Carlisle pits those that believe the character of the community is at stake against those that see the advantages of the potential tax revenue.
Two council members, Sean Shultz and Deb Fulham-Winston, voiced strong support for opting-out. Members Sean Crampsie and Robin Guido voted against the opt-out resolution.
During its presentation, Greenwood and Parx will attempt to sway members and residents that are open to hearing about what Greenwood has in store. The company is hoping that a solid plan to provide jobs, tax revenue, and a new community partner is attractive enough to encourage the council to reverse course.
Carlisle is the county seat of Cumberland County. Greenwood had its eye on the area around Cumberland since February when it was successful in securing a bid for one of the mini-casino licenses.
Cumberland County is attractive to the operator because of Interstate 81 and the population growth in the area.
There are other sites along the I-81 corridor inside of Greenwood’s circle, the area already licensed for the mini-casino. Many of those communities also opted-out or prohibit the sale of alcohol for commercial use.
Carlisle sits outside of Greenwood’s circle. There is talk that Greenwood is interested in the Bon-Ton store at The Point at Carlisle Plaza Mall. The Milwaukee-based retailer filed for bankruptcy in February and its Carlisle store is set to close.
A big-box store that is practically move-in ready will allow Greenwood to get its mini-casino up and running quickly.
It is interesting to see Greenwood going after a second site and expressing interest in a town that has opted-out. The big question is why now – especially when they had the perfect opportunity to secure a license for the area without opposition.
The most recent auction on April 18 resulted in no bidders, which effectively closed round two of the auction. There are still five licenses still available.
The Pennsylvania Gaming Control Board (PGCB) indicated there is a possibility of a third round of auctions.
A third auction round is not a certainty, though. If the PGCB decides to open the third round, both current casino license holders and entities that do not hold a license in the state will be able to bid.
The PGCB will need to vet any new bidders before holding an additional round, which will take some time.
Based on appearances, Greenwood and Parx are betting there will be a third round of auctions and the company is preparing to take part.
Marc Oppenheimer, Parx’s chief marketing officer, told PennLive that no preferred locations have been identified. He also said that choosing a site “is an ongoing process.”
In this case, ongoing means trying to reverse a municipality’s opt-out status.
The post Parx Trying To Get Carlisle To Opt Back In To Mini-Casinos appeared first on Play Pennsylvania.
888 Casino in New Jersey announced it added 61 new online casino games thanks to partnerships with NetEnt and IGT. It’s yet another sign that 888 Casino NJ has big plans for 2018.
The post 888 Casino NJ Shows No Signs Of Slowing Down, Adds 61 New Games appeared first on .
Party Poker´s Monster Series got underway yesterday to a bit of a mixed start. Although the first three events were very popular, only three of the remaining twelve tournaments managed to meet their guarantees – resulting in first day overlays of nearly $50,000.
The Pennsylvania Gaming Control Board has issued temporary regulations that place unprecedented requirements on online gambling skins. Here’s why that’s a bad idea.
The post Pennsylvania Is Trying To Solve A Nonexistent Problem With Online Casino Accounts appeared first on Online Poker Report.