The Delaware state senate moved quickly Tuesday to approve a sports gambling bill, leaving only Gov. Jack Markell's promised signature as the final step before it becomes law. Instead of sending the bill to a committee for a debate, the senators voted to suspend those rules and allowed it to be debated in the full chamber. A short time later, the bill passed 17-2 with two abstentions."I am very pleased that the senate acted so quickly to pass the sports lottery legislation and I very much appreciate the leadership from both sides of the aisle," Markell said in a statement. "In particular, I want to thank Senator (Tony) Deluca as the lead senate sponsor and the leadership in the house of representatives who came together to get us closer to our meeting our budget challenges."Markell, who has been a major backer of the bill, is expected to sign the bill later this week and the target is to have the betting system in place for the start of the NFL season. Whenever it's signed, Delaware will become the first state east of the Mississippi to allow sports wagering. It's estimated that sports betting will generate about $50 million annually for Delaware, which Markell said will help with a projected $755 million shortfall in next fiscal year's budget.
"This will generate critical revenue to fund our core commitments as a government, including public safety, education and economic development," Markell said. "Working together, this will also generate new revenue to our partners, Delaware's three (casinos)."The format the of state's new sports betting system has still not been determined. The bill allows for betting on single games, but it could be limited to parlay betting by the state's supreme court. After Markell signs the bill into law, the state supreme court will be able to determine which system complies with that state's constitution.
Delaware had a sports lottery briefly in the 1970s and was grandfathered in — along with Oregon, Nevada and Montana — under a 1992 federal law that bans states from establishing sports gambling.The state's three casinos will get less of a cut of non-racing revenue, but the addition of sports betting is predicted to more than offset the reduction. The state will get 45% of the revenue generated from sports and electronic gaming.
In return, the bill approved a commission that will study whether it's feasible to bring live table gaming to Delaware, something the casinos have been pushing for.The bill has been opposed by several sports leagues and organizations, including the NFL and NCAA. NCAA spokeswoman Stacey Osburn called sports wagering "a problem, not a solution" to the state's to budget problems.
"We expect that everyone involved in the administration of sports leagues — professional and college — will review today's action and evaluate its impact as other decisions are made by Delaware officials and the Delaware Supreme Court,"NFL spokesman Greg Aiello said in a statement.
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To remove first post, remove entire topic.
The Delaware state senate moved quickly Tuesday to approve a sports gambling bill, leaving only Gov. Jack Markell's promised signature as the final step before it becomes law. Instead of sending the bill to a committee for a debate, the senators voted to suspend those rules and allowed it to be debated in the full chamber. A short time later, the bill passed 17-2 with two abstentions."I am very pleased that the senate acted so quickly to pass the sports lottery legislation and I very much appreciate the leadership from both sides of the aisle," Markell said in a statement. "In particular, I want to thank Senator (Tony) Deluca as the lead senate sponsor and the leadership in the house of representatives who came together to get us closer to our meeting our budget challenges."Markell, who has been a major backer of the bill, is expected to sign the bill later this week and the target is to have the betting system in place for the start of the NFL season. Whenever it's signed, Delaware will become the first state east of the Mississippi to allow sports wagering. It's estimated that sports betting will generate about $50 million annually for Delaware, which Markell said will help with a projected $755 million shortfall in next fiscal year's budget.
"This will generate critical revenue to fund our core commitments as a government, including public safety, education and economic development," Markell said. "Working together, this will also generate new revenue to our partners, Delaware's three (casinos)."The format the of state's new sports betting system has still not been determined. The bill allows for betting on single games, but it could be limited to parlay betting by the state's supreme court. After Markell signs the bill into law, the state supreme court will be able to determine which system complies with that state's constitution.
Delaware had a sports lottery briefly in the 1970s and was grandfathered in — along with Oregon, Nevada and Montana — under a 1992 federal law that bans states from establishing sports gambling.The state's three casinos will get less of a cut of non-racing revenue, but the addition of sports betting is predicted to more than offset the reduction. The state will get 45% of the revenue generated from sports and electronic gaming.
In return, the bill approved a commission that will study whether it's feasible to bring live table gaming to Delaware, something the casinos have been pushing for.The bill has been opposed by several sports leagues and organizations, including the NFL and NCAA. NCAA spokeswoman Stacey Osburn called sports wagering "a problem, not a solution" to the state's to budget problems.
"We expect that everyone involved in the administration of sports leagues — professional and college — will review today's action and evaluate its impact as other decisions are made by Delaware officials and the Delaware Supreme Court,"NFL spokesman Greg Aiello said in a statement.
if the state runs it . . .we're likely stuck with worthless pro-line type of odds, but if the casinos are allowed to run it, and they are taxed on the profits, the casinos will need to offer a competitive product in order to make it worth their while.
imo, the chips will fall rapidly if delaware can offer a decent product, Penn and Maryland will fall, then maybe New Jersey. Obviously those states will have to negotiate the 1992 federal law, but they will now have incentive to do so, or risk losing their own precious casino revenues.
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if the state runs it . . .we're likely stuck with worthless pro-line type of odds, but if the casinos are allowed to run it, and they are taxed on the profits, the casinos will need to offer a competitive product in order to make it worth their while.
imo, the chips will fall rapidly if delaware can offer a decent product, Penn and Maryland will fall, then maybe New Jersey. Obviously those states will have to negotiate the 1992 federal law, but they will now have incentive to do so, or risk losing their own precious casino revenues.
If the state allows single game bets, this is gonna be huge. Hour drive(give or take) from Baltimore, Philly, and Washington. Half day drive from Pitt, NYC,Hartford,Boston,Richmond,Providence, all of Jersey, Scranton/Wilkes-Barre, and points in between.
I think the state's revenue projection of 50 million will be short by atleast half.
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If the state allows single game bets, this is gonna be huge. Hour drive(give or take) from Baltimore, Philly, and Washington. Half day drive from Pitt, NYC,Hartford,Boston,Richmond,Providence, all of Jersey, Scranton/Wilkes-Barre, and points in between.
I think the state's revenue projection of 50 million will be short by atleast half.
if the state runs it . . .we're likely stuck with worthless pro-line type of odds, but if the casinos are allowed to run it, and they are taxed on the profits, the casinos will need to offer a competitive product in order to make it worth their while.
imo, the chips will fall rapidly if delaware can offer a decent product, Penn and Maryland will fall, then maybe New Jersey. Obviously those states will have to negotiate the 1992 federal law, but they will now have incentive to do so, or risk losing their own precious casino revenues.
And this is exactly the point.
Pandoras box might have been opened.
NJ has already filed a lawsuit challenging the 1992 law, and experts think they have a good case that it is unconstitutional. Every state is going to want to do this now. It is a perfect storm of an economic crisis, a liberal mentality in govt, and state needing more money.
It is not unrealistic to think that in the near future there will be legalized sportsbetting in many states across the country.
Support your local animal shelter. I am on twitter.
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Quote Originally Posted by 3825:
if the state runs it . . .we're likely stuck with worthless pro-line type of odds, but if the casinos are allowed to run it, and they are taxed on the profits, the casinos will need to offer a competitive product in order to make it worth their while.
imo, the chips will fall rapidly if delaware can offer a decent product, Penn and Maryland will fall, then maybe New Jersey. Obviously those states will have to negotiate the 1992 federal law, but they will now have incentive to do so, or risk losing their own precious casino revenues.
And this is exactly the point.
Pandoras box might have been opened.
NJ has already filed a lawsuit challenging the 1992 law, and experts think they have a good case that it is unconstitutional. Every state is going to want to do this now. It is a perfect storm of an economic crisis, a liberal mentality in govt, and state needing more money.
It is not unrealistic to think that in the near future there will be legalized sportsbetting in many states across the country.
MD. just leagalized video slots in the last election for the sake of saving the horse racing industry. They were projecting to take out 25% on the dollar put into the slot. How lame will the that be in comparison to table games and hopefully 5% to 10 % vig on sports betting just a few more miles away.
MD. say goodbye to the Preakness. Its your last year having it.
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MD. just leagalized video slots in the last election for the sake of saving the horse racing industry. They were projecting to take out 25% on the dollar put into the slot. How lame will the that be in comparison to table games and hopefully 5% to 10 % vig on sports betting just a few more miles away.
MD. say goodbye to the Preakness. Its your last year having it.
MD. just leagalized video slots in the last election for the sake of saving the horse racing industry. They were projecting to take out 25% on the dollar put into the slot. How lame will the that be in comparison to table games and hopefully 5% to 10 % vig on sports betting just a few more miles away.
MD. say goodbye to the Preakness. Its your last year having it.
Born and raised in Maryland and I hate to see the Preakness go elsewhere, but it can't be sustained in its current form. Pimlico only opens for 20 or so days a year, is in a HORRIBLE section of the city and the purses can't compete with neighboring states. This gap in purses will only widen the farther Maryland falls behind in the gambling race with PA, Delaware and West Virginia...
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Quote Originally Posted by Mark_The_Narc:
MD. just leagalized video slots in the last election for the sake of saving the horse racing industry. They were projecting to take out 25% on the dollar put into the slot. How lame will the that be in comparison to table games and hopefully 5% to 10 % vig on sports betting just a few more miles away.
MD. say goodbye to the Preakness. Its your last year having it.
Born and raised in Maryland and I hate to see the Preakness go elsewhere, but it can't be sustained in its current form. Pimlico only opens for 20 or so days a year, is in a HORRIBLE section of the city and the purses can't compete with neighboring states. This gap in purses will only widen the farther Maryland falls behind in the gambling race with PA, Delaware and West Virginia...
NJ has already filed a lawsuit challenging the 1992 law, and experts think they have a good case that it is unconstitutional. Every state is going to want to do this now. It is a perfect storm of an economic crisis, a liberal mentality in govt, and state needing more money.
It is not unrealistic to think that in the near future there will be legalized sportsbetting in many states across the country.
I would think that the backward thinking horse racing industry would wake up and smell the coffee and stop fighting this. Look what slots did for purses at Mountaineer and Delaware park, and other places around the country. In my state for example, who has the physical plant, the technical know how, and the trust of the state legislature to run a sportsbook enterprise ? Just one comes to mind . . . Emerald Downs, an entity with plenty of local government clout, and one that already spearheads an industry that employs thousands around the state.
The Racing industry might be able to wrest control of some of sportsbook business away from the traditional land based brick and mortar casinos as well as those operating off-shore. Instead, they plow forward, fighting themselves, filing for bankruptcy, and begging state legislatures for slots, while ignoring the most likely candidates to become new customers in their business. . . the sports bettor.
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Quote Originally Posted by vanzack:
And this is exactly the point.
Pandoras box might have been opened.
NJ has already filed a lawsuit challenging the 1992 law, and experts think they have a good case that it is unconstitutional. Every state is going to want to do this now. It is a perfect storm of an economic crisis, a liberal mentality in govt, and state needing more money.
It is not unrealistic to think that in the near future there will be legalized sportsbetting in many states across the country.
I would think that the backward thinking horse racing industry would wake up and smell the coffee and stop fighting this. Look what slots did for purses at Mountaineer and Delaware park, and other places around the country. In my state for example, who has the physical plant, the technical know how, and the trust of the state legislature to run a sportsbook enterprise ? Just one comes to mind . . . Emerald Downs, an entity with plenty of local government clout, and one that already spearheads an industry that employs thousands around the state.
The Racing industry might be able to wrest control of some of sportsbook business away from the traditional land based brick and mortar casinos as well as those operating off-shore. Instead, they plow forward, fighting themselves, filing for bankruptcy, and begging state legislatures for slots, while ignoring the most likely candidates to become new customers in their business. . . the sports bettor.
Delaware High Court OKs State's Plan for Sports Betting
by KYW's Mark Abrams
Delaware's highest court has given the green light to a sports betting lottery in that state.
In a 22-page advisory opinion, the Delaware Supreme Court justices concluded that the state constitution would allow a sports betting lottery as long as chance is predominant in winning or losing -- hence the "lottery" descriptor (see related story).
Gov. Jack Markell:
"Well, I'm very pleased. They've given us the legal framework to move forward with the sports lottery in Delaware, and now it's time to actually make it happen."
Markell says that while the opinion talked about the idea of "parlay" bets -- more open-ended and more complicated than single-event bets -- it didn't rule out the concept of the single bet:
"Well, our lottery office here in Delaware believes that the court's opinion gives us the standard that we need to move forward with the single bet and a betting line. So we are asking the best people in the country who really understand this business to help us develop the product that's going to be most attractive in the marketplace."
Markell, who sought the court's opinion on a measure he signed a few weeks ago, says the next step is bringing in someone with expertise:
"We're not going to run this sports book ourselves. There are businesses who run this kind of product, and we're going to look to get one of these businesses to run it for us. And of course part of that is designing the product itself."
Markell says he expects the sports betting to be ready for operation at the state's three "racinos" (racetrack-casinos) by the start of the football season this fall.
Delaware will become the only state east of the Rocky Mountains to allow wagering on the outcome of sports contests.
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Delaware High Court OKs State's Plan for Sports Betting
by KYW's Mark Abrams
Delaware's highest court has given the green light to a sports betting lottery in that state.
In a 22-page advisory opinion, the Delaware Supreme Court justices concluded that the state constitution would allow a sports betting lottery as long as chance is predominant in winning or losing -- hence the "lottery" descriptor (see related story).
Gov. Jack Markell:
"Well, I'm very pleased. They've given us the legal framework to move forward with the sports lottery in Delaware, and now it's time to actually make it happen."
Markell says that while the opinion talked about the idea of "parlay" bets -- more open-ended and more complicated than single-event bets -- it didn't rule out the concept of the single bet:
"Well, our lottery office here in Delaware believes that the court's opinion gives us the standard that we need to move forward with the single bet and a betting line. So we are asking the best people in the country who really understand this business to help us develop the product that's going to be most attractive in the marketplace."
Markell, who sought the court's opinion on a measure he signed a few weeks ago, says the next step is bringing in someone with expertise:
"We're not going to run this sports book ourselves. There are businesses who run this kind of product, and we're going to look to get one of these businesses to run it for us. And of course part of that is designing the product itself."
Markell says he expects the sports betting to be ready for operation at the state's three "racinos" (racetrack-casinos) by the start of the football season this fall.
Delaware will become the only state east of the Rocky Mountains to allow wagering on the outcome of sports contests.
Question - I've seen mention of the state's 3 casinos several times. I've not to been to any of them so I was wondering if somebody could fill me in on the name/address/whatever of those 3 casinos? I would like to know which one is the closest to me. :)
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Question - I've seen mention of the state's 3 casinos several times. I've not to been to any of them so I was wondering if somebody could fill me in on the name/address/whatever of those 3 casinos? I would like to know which one is the closest to me. :)
Love them legislators in the 1st state. DP only a 30 min ride for me. Wondering if you can set up an account like they have with the ponies and just call in your bets. Almost like having a local, but just over state lines..........Either way gotta be happy if you live in the tri-state area. Saturdays should be great!!
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Love them legislators in the 1st state. DP only a 30 min ride for me. Wondering if you can set up an account like they have with the ponies and just call in your bets. Almost like having a local, but just over state lines..........Either way gotta be happy if you live in the tri-state area. Saturdays should be great!!
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