{"id":31514,"date":"2019-12-23T15:35:57","date_gmt":"2019-12-23T16:35:57","guid":{"rendered":"https:\/\/www.pokerscout.com\/?p=31514"},"modified":"2019-12-23T18:06:43","modified_gmt":"2019-12-23T18:06:43","slug":"playusa-rewind-as-michigan-and-pennsylvania-show-big-wins-steve-wynn-loses-again","status":"publish","type":"post","link":"https:\/\/www.pokerscout.com\/playusa-rewind-as-michigan-and-pennsylvania-show-big-wins-steve-wynn-loses-again\/","title":{"rendered":"PlayUSA Rewind: As Michigan And Pennsylvania Show Big Wins, Steve Wynn Loses Again"},"content":{"rendered":"<p>\u2018Twas week before <strong>Christmas<\/strong>, and all through the nation, sports betting bills passed through state legislation.\u201d<\/p>\n<p>With the swoop of a pen,\u00a0<strong>Gov. Gretchen Whitmer\u00a0<\/strong>made wolverines cheer, as the leader in <strong>Michigan\u00a0<\/strong>gave legalized wagering the all-clear.<\/p>\n<p>Another state,\u00a0<strong>Pennsylvania<\/strong>, hung its stocking with braggadocios care. You would, too, if you took in <strong>$1 billion\u00a0<\/strong>over the past year.<\/p>\n<p>Many states and stakeholders have much to boast about. When Christmas day arrives, most will see gifts and joy abound. But one stocking is drooping, nearly touching the floor; with this much coal already for\u00a0<strong>Steve Wynn<\/strong>, could it take much more?<\/p>\n<p>End of obligatory holiday poem. Let\u2019s get to the biggest news of last week.<\/p>\n<h2><span id=\"michigan_sports_betting_is_officially_a_go\">Michigan sports betting is officially a go<\/span><\/h2>\n<p>Once again, the week\u2019s biggest news involves Michigan. And fittingly, the week\u2019s biggest news came on a\u00a0<strong>Friday<\/strong>.<\/p>\n<p>Whitmer signed off on the\u00a0<strong>Lawful Sports Betting Act<\/strong>, among other bills, to officially legalize Michigan sports betting.<\/p>\n<p>In addition to regulated wagering, Michigan saw the legalization of online casinos, online poker and daily fantasy sports. Big day for the Big Mitten. All told, the package of bills became the <strong>largest gambling expansion<\/strong> in the state\u2019s history.<\/p>\n<p>As it\u2019s laid out, Michigan\u2019s\u00a0<strong>three commercial and 23 tribal casinos<\/strong> would be permitted to pursue sports betting licenses, shelling out a combined\u00a0<strong>$150,000<\/strong> for application and licensing. They would also be obligated to pay an\u00a0<strong>8.4% tax<\/strong> on adjusted gross sports betting receipts; commercial casinos would pay an additional\u00a0<strong>1.25% tax\u00a0<\/strong>to the city of\u00a0<strong>Detroit<\/strong>.<\/p>\n<p>The man who correctly predicted Whitmer would sign off on legislation before Christmas,\u00a0<strong>Sen. Curtis Hertel Jr.<\/strong> also told\u00a0<em>Legal Sports Report<\/em> that Michigan could roll out retail sportsbooks in time for\u00a0<strong>March Madness<\/strong>.<\/p>\n<h2><span id=\"pennsylvanias_sports_betting_capital_billa-delphia\">Pennsylvania\u2019s sports betting capital? Billa-delphia<\/span><\/h2>\n<p>Pun stretch or not, facts rarely tell lies.<\/p>\n<p>A year after\u00a0<strong>Hollywood Casino<\/strong> opened the doors to Pennsylvania\u2019s first retail sportsbook, the Keystone State has exceeded\u00a0<strong>$1 billion in handle<\/strong>. Total wagers in\u00a0<strong>November\u00a0<\/strong>set a single-month record in Pennsylvania as the public laid down over\u00a0<strong>$316 million<\/strong>.<\/p>\n<p>That total actually pushed PA\u2019s lifetime handle to some\u00a0<strong>$1.1 billion<\/strong>. And with more operators still expected to join the market, that second billion should come in short order.<\/p>\n<p>The likes of\u00a0<strong>FanDuel Sportsbook<\/strong>, a relatively late-comer to the PA party, has taken control of about\u00a0<strong>36%\u00a0of the marketplace<\/strong>. For perspective,\u00a0<strong>Rivers Philadelphia<\/strong> accounts for around\u00a0<strong>21%\u00a0<\/strong>of wagers placed.<\/p>\n<p>Pennsylvania\u2019s lofty tax rates (a\u00a0<strong>36%\u00a0<\/strong>take) obviously provides a hit to the wallet of operators. Even so, they still registered\u00a0<strong>$75 million in profits<\/strong> during that first year. So, not too shabby.<\/p>\n<p>Nearby\u00a0<strong>New Jersey<\/strong> will always remain the standard, especially for Pennsylvania. As\u00a0<em>PlayPennsylvania<\/em> laid out, the Garden State crossed the billion-dollar finish line seven months into operations. But Pennsylvania continues to expand. It boasts\u00a0<strong>12 retail sportsbooks<\/strong> and\u00a0<strong>eight betting apps<\/strong>. But those numbers will surely change in the coming months.<\/p>\n<p>&nbsp;<\/p>\n<div data-ctaid=\"885\"><\/div>\n<p>&nbsp;<\/p>\n<h2><span id=\"losses_abound_for_casino_mogul_steve_wynn\">Losses abound for casino mogul Steve Wynn<\/span><\/h2>\n<p>The L\u2019s keep piling up for good ol\u2019\u00a0<strong>Steve Wynn<\/strong>.<\/p>\n<p>The former <strong>Las Vegas<\/strong>\u00a0magnate has faced a mountain of allegations regarding sexual misconduct in the workplace that ultimately led to his resignation. And last week, the <strong>Nevada Gaming Commission<\/strong> declared that <a href=\"https:\/\/www.nytimes.com\/aponline\/2019\/12\/19\/business\/ap-us-steve-wynn-gambling-license.html\">it holds jurisdiction<\/a> to <strong>discipline Wynn further<\/strong>. His attorneys argued otherwise, seeing as the 77-year-old, who has denied these allegations, no longer works in the state gambling industry and now lives in Florida.<\/p>\n<p>Unsurprisingly, Wynn\u2019s attorneys intend to appeal to the state Supreme Court as they question whether the gaming commission actually has jurisdiction.<\/p>\n<p>In any case, Wynn just can\u2019t win.<\/p>\n<p>His company,\u00a0<strong>Wynn Resorts<\/strong>, was fined <strong>$20 million <\/strong>by the NGC last year for failing to look into claims of sexual misconduct made against Wynn before he resigned. Interestingly, regulators in\u00a0<strong>Massachusetts\u00a0<\/strong>levied another\u00a0<strong>$35 million<\/strong> in fines against Wynn Resorts for not disclosing the years of allegations against Wynn.<\/p>\n<p>Last month, Wynn agreed to pay\u00a0<strong>$20 million in damages<\/strong>, and insurance carriers will pay\u00a0<strong>$21 million<\/strong> on behalf of current or former employees of Wynn Resorts. Per the agreements, none of this is an \u201cadmission of wrongdoing.\u201d<\/p>\n<p>Overall, it looks like it\u2019s a stocking full of coal this year for the disgraced mogul.<\/p>\n<p>The post PlayUSA Rewind: As Michigan And Pennsylvania Show Big Wins, Steve Wynn Loses Again appeared first on Play USA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018Twas week before Christmas, and all through the nation, sports betting bills passed through state [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"link","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","vebbtech_seo_disable_yoast":false,"vebbtech_seo_hide_author":false,"vebbtech_seo_hide_date":false,"vebbtech_seo_hide_factchecker":false,"vebbtech_seo_fact_check_enabled":false,"vebbtech_seo_post_reviewer":0,"vebbtech_seo_post_review_date":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-31514","1":"post","2":"type-post","3":"status-publish","4":"format-link","6":"category-news-category","7":"post_format-post-format-link"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PlayUSA Rewind: As Michigan And Pennsylvania Show Big Wins, Steve Wynn Loses Again -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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