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BGC ices gambling talk on football social media sites

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The UK Betting and Gaming Council (BGC) is asking football clubs to refrain from discussing and promoting gambling on their social media sites in as part of an effort to avoid triggering problem gamblers. It’s move that may seem extreme to the layman, but will likely help keep UK gambling operators a step ahead of UK gambling regulators.
Guidelines for how football clubs should handle discussions of gambling were sent out by the BGC late last week and utilize a plea from 50 former gambling addicts to make the case. They pointed out that seeing their favorite club site promoting gambling caused them “distress” and “encouraged” them to place wagers.
As an effort to avoid these triggering moments, the BGC is recommending that football clubs refrain from promoting gambling operators or bonus offers and their “organic tweets”. This is a nod to the reality that gambling offers are ubiquitous on social media and that no one is really more than a click or two away from them on the internet anyways.
BGC officials sent a letter detailing the new code of conduct to 11 football clubs, as well as to social media operators.
In a statement reported on by SBC News, Brigid Simmonds OBE, Chairman of the BGC described the importance of the new standards saying, “Our members rightly have a zero tolerance approach to gambling by under-18s, so as an industry we are understandably concerned that children may be exposed to betting adverts on social media platforms. Our new guidelines make clear the standards expected of football clubs when they post gambling promotions on social media, and I look forward to them being put into practice as soon as possible.”
The BGC guidelines are not legally binding, but members of the BGC who wish to remain in good standing are expected to abide by them.
Tags: Sports Betting, UK Gambling News
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Is Hellmuth vs Negreanu happening?

Bradley Beal ดูอนาถบนม้านั่งของพ่อมดซึ่งจุดประกายความเห็นใจบน Twitter


We recap some stories you may have missed including a huge PKO event and how much of himself is Landon Tice playing for?

KidPoker vs the Poker Brat?
We hinted at it last week and now it seems confirmed that Daniel Negreanu and Phil Hellmuth will play heads-up. 
Given both men are traditionally live players it seems inevitable that it will be face to face and streamed on PokerGO. 
The early betting markets have suggested Hellmuth is the favourite, which seems ludicrous given how much Negreanu improved in his heads-up challenge against Doug Polk. 

Happy to play anyone on @PokerGo App’s “High Stakes Duel.” Looks like they are bringing me the GREAT Daniel Negreanu @RealKidPoker, the guy that studied heads up for months w coaches I respect, so be it. It will be a great challenge for me! Hoping I don’t look like THIS photo!! pic.twitter.com/EpE1BqRMWP
— phil_hellmuth (@phil_hellmuth) February 13, 2021

Tice has skin in the game
The other big heads-up match in the works is Landon Tice vs Bill Perkins, and it has been the subject of a lot of debate this last week.
Namely, how much does the poker wunderkind Landon Tice have invested in himself? Rumours circulated that he is playing for just 10% of himself in this challenge where he is already paying Bill Perkins $720,000 to play. 
Tice confirmed that he has sold a lot of action for this event but while his percentage is low, it still means he has a lot of his net worth on the line:

Let me make something clear that I’m sure everyone cares about regarding my challenge with @bp22 I’m selling a lot of action for it. A lot.I’m not rolled to battle at nosebleeds. However, I am putting a very large amount of my relative net worth on myself winning it.
— Landon (@LandonTice) February 11, 2021

MicroMillions the biggest PKO ever?
The MicroMillions Main Event was a PKO for the first time in its history and it (probably) automatically became the biggest field ever for a progressive knockout tournament. 
49,487 entries for the $22 Main Event, which was not quite enough to hit the $1 million guarantee. 
It did lead to one player bagging almost $60,000 for their troubles including $18,651.13 in bounties alone:

The final table

Table stakes only
OK, so this week’s meme classic from Reddit beats all those ‘toilet roll poker home game’ jokes from last year:
When Polaks Play Poker from r/poker

Will we see Hellmuth vs Negreanu heads-up? Let us know in the comments:

Barry Carter
Barry Carter is the editor of PokerStrategy.com and the co-author of The Mental Game of Poker 1 & 2, Poker Satellite Strategy and PKO Poker Strategy



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Did the next Macau bubble just start two weeks ago?

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The entire concept of a “bull market in stocks” makes little sense. Sound crazy? These days, certainly, because we’re always hearing about a perpetual bull market in stocks. Valuations increasingly disconnected from economic reality, asset bubbles in one class or another, armies of speculators moving like zombie hoards descending on the next fad and blowing it up to infinity and beyond, Buzz Lightyear-like.Why is the whole concept of a bull market generally, nonsense? Because if the value of everything is going up simultaneously, then nothing is going up. If everyone is a superhero, nobody is. If, in an imaginary economy, absolutely everything costs, say, $5, (labor, land, capital whatever) and then the next day everything costs $10, then what’s changed? The answer is absolutely nothing.The only thing that matters is relative valuations between asset classes. Let’s divide them into three of the most basic ones. Equities (stocks), bonds (debt), and commodities (consumer goods). If all three are going up in tandem, then there is no “bull market” in anything. If commodities are going up faster than stocks and bonds, you have inflation, or even hyperinflation. Ask anyone in Venezuela whether they care that their stock market is doing great, nominally. They don’t. They’re looking for their next glop of gruel or morsel of moldy bread to survive the day.But if stocks and bonds are rising and consumer goods are static to falling, you have a bull market in financial assets. This is where we are now. And boy are we really hard and deep into it now. Below is the ratio of the S&P 500 to the CRB Commodities Index.And I’ve got news for everyone. This bull market in stocks relative to consumer goods in dollar terms is already over. It ended almost a year ago. On April 20, 2020 to be exact. Red circle blowoff top above. That was when oil crashed to negative $35 a barrel and we all lived in an alternative financial freakhouse universe. But I have more news than that. This entire “bull market” in stocks has been one gigantic illusion from the very beginning. Stocks aren’t going up. They haven’t gone up for 21 years. Money is going down. Here is the graph of stocks relative to the prime monetary commodity, gold, over the same timeframe above.We can see here that from 1990 to 2000, we had a real bull market in stocks. Equities rocketed in gold terms and in terms of consumer goods generally. Everyone felt richer. Portfolios up, expenses down. But since that time, money has been dying at an accelerated pace and the standard of living has fallen.The bull market in stocks over the last 21 years has been an illusion, a tiny echo of the bull that ended at the turn of the century. We have spent the last 21 years trying to reinflate it, but gold has exposed the lie. We are now at the point where the illusion is about to collapse completely. In my view, we have only a few months left until it all hits the fan. Until then, the bubbles will keep coming in staccato frenetic fashion, moving from one asset class to another faster and faster, until we all get so dizzy we can’t follow it anymore. Last week I speculated that maybe the next target for the zombie hoard will be in penny gaming stocks. I was close. It’s in Macau stocks. It may already have started two weeks ago. The frenzy has started over news about China opening up again. I mean, just look at this crazy chart of the Macau proxy ETF:That last surge higher is just since February 1. We could be at the beginning of a crazy but brief ride higher in Macau stocks right now. New all time highs again, and Macau isn’t even fully open yet. The latest full month statistics for December show a 78.6% drop in visitors year over year. And yet we’re at new all time highs in these stocks already. It’s just completely crazy. I can understand the Macau opening up again trade, but to argue that this factor is being priced in at these levels, at new all time highs? As if none of this full year shutdown hurt any of the casinos fundamentally at all? That’s just totally bonkers crazy. It’s a reflection of the value of the currency these stocks are priced in, not the stocks themselves.What’s happening is that the zombie hoard of bubble chasers is reading the headlines regarding China starting to open up again, and they’re slamming buy orders and call options like they’ve been doing with tech stocks and Gamestop and BTC and all the other fads. We just got news out of Bloomberg that China’s Imax had a face-ripping rally due to exploding ticket sales. China is, indeed opening up, and the zombie hoard of speculators is now going to spray their money hoses at anything Chinese. Macau might be at the center of it.How high can this Macau bubble go, if that’s what we just saw start two weeks ago? The truth is, it doesn’t matter. If you get into it, you’ll get hooked and keep levering yourself up, counting your paper gains, unable to separate from them until you get caught in a vortex. At some point, my view this year, it’s all going to come crashing down when all the damage from 2020 is finally revealed all over the world. You can’t paper it over forever. The damage to Macau casinos doesn’t just go away. It festers in the form of more and more debt, and a damaged consumer base that can no longer patronize casinos in the way it once could. Festering wounds need the paper bandage removed and they need to be operated on. That is painful. And it’s coming.When we think of the word “bubble”, what are we really talking about? A bubble is something that looks, from the outside, to be really big and stable. The shape of it, a sphere, is the most stable shape in the universe. It’s why planets, stars, moons, and possibly even the spacetime continuum itself, spontaneously shape themselves into spheres. The force of gravity equalizes at every point on the sphere, forming equilibrium. Nature always seeks equilibrium. And so bubbles take on the illusion of stability, but unlike a real sphere, there’s nothing inside them. When they pop, they are gone almost instantly. This one is about to pop. Macau appears to be the next victim sucked up by the bubble. Macau will survive and rebuild. The question is, in what form? I wouldn’t take a bet the depended on me getting the answer to that question right.

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Pearl Legend Hold and Win Slot Review

Players Can Win A Share Of £30,000 And More


Pearl Legend: Hold and Win is a new release which is coming from iSoftBet, a slot machine with a Chinese concentration and utilizing a lot of the designs that are normal for their games. Some of the features included will be familiar to you, as the Hold and Win a part of the title suggests there are a few things which are unique also.You are playing on 5×3 reels with 20 paylines being used each round. Pearl Legend: Hold and Win can deliver top wins of 1,250x the stake but its standard mixes offer maximum of 500x. It has a 96% RTP, while for its huge features there will be Wilds, Pearl scatters, the Pearl Legend Respins, Reel Boosters and regular game modifiers.Betting and Prizes 20 coins are being used and you simply pick their value, in a range of $0.01 to $1. The wagering range coming from this will go from $0.20 to $20.Wins of up to 1,250x the stake can be paid during Respins, which implies that you could leave with $25,000 cash, by utilizing the most extreme wager of $20. Standard wins of up to 500x the stake per spin are delivered during gameplay, utilizing mixes made out of Gold Dragons.A 96% RTP reveals to us that the amount getting back into the pockets of its players is about the same in other slot games.Pearl Legend: Hold and Win Slot Features Anytime you see the Yin Yang image on the reels, it will be joined by the Wild logo, so it will be the substitute which you can use to place along with standard images and get new wins. You can’t have it do likewise for the scatter but that is a standard limitation.There are a few game modifiers which you may use during paid spins. Red Gems will give you 3 to 5 wilds on the reels. Blue Gems will change images into Pearl scatters. There is likewise a Dragon sculpture, which will change Royals to high value images.The Pearls are your scatters and landing at least 5 out of a single spin will take you to the Pearl Legend Respins reward. Both the setting off Pearls and any new ones that go along, will get sticky on the reels. You start with 3 respins but you reset the number on the off chance that you get extra Pearls before the rounds are totally consumed.Pearls may appear during Respins and they can bring certain Boosters, given that you get three that match.Blue Gems: will open up to three extra rows (Reels Boosted).Green Gems: give the Pearl prizes a boost (Values Boosted).Red Gems: gives you 1 extra respin (Spins+ Boosted).Purple Gems: the multiplier goes up as high as 10x (Multiplier Boosted).Theme and Design As far as Chinese themes go, the one from Pearl Legend looks standard. The six images we see are basic in such games, as we’re taking a look at Yin Yang signs for the wilds, a Pearl as scatter alongside premium images with the Dragon, Phoenix Bird, 3 Gold Coins, Frog. The other four base paying images are the ones showing Royals. With everything taken into account, it’s a standard look for such slots. The activity seems, by all accounts, to be put placed in a temple, where we see on the left side a living Dragon holding a pearl in its claws.ConclusionPearl Legend: Hold and Win is definitely not a terrible slot machine, especially as they changed a few things about its major feature, they didn’t just clone the same reward game that every other person is using lately.

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Daily Cash Smash 2.0 Live Now At The Cash Tables On PokerBaazi

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Starting from 16th February to 28th February, PokerBaazi will be hosting the Daily Cash Smash! 13 Days, daily leaderboards and prize pool of INR 21.45 Lakhs! The players can grind any of the three (NLHE/PLO-4/PLO-5) cash tables and all the chips won from the leaderboards will be withdrawable (separate for all three variants)! 
All players will have a chance to win from a daily prize pool of INR 1.65 Lakhs! All you have to do is play the cash tables between 10:00 AM – 4:00 AM! 
The Daily Leaderboard prize pool 

5/10 & 10/25 (Texas Hold’Em): Daily 8k Leaderboard
1/2 & 2/5 (Texas Hold’Em): Daily 4k Leaderboard
25/50 & 50/100 (Texas Hold’Em): Daily 12k Leaderboard
5/10 & 10/25 (PLO-5): Daily 6k Leaderboard
25/50 & 50/100 (PLO-5): Daily 15k Leaderboard
1/2 & 2/5 (PLO-4): Daily 2k Leaderboard
10/25 & 25/50 (PLO-4): Daily 8k Leaderboard

It’s time to grind again on PokerBaazi, but this time, it’s going to have to be on the cash felts! Head over to the link below for more information about the Daily Cash Smash 2.0 and Leaderboards
For more information about the latest poker promotions and poker news, keep reading PokerShots! 

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Richard Downey explains the power of the US sports betting market

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No one in the industry can underestimate the old fashioned values of building trust amongst customers. Richard Downey, Senior VP for Connections by the Specialist Works, understands that more than most. He sat down with Calvinayre.com’s Becky Liggero Fontana to share his insights on the U.S. sports betting market.Downey emphasized leveraging relationships from prior careers. “I was publisher of a magazine called Poker Player and I moved from there into the agency. I’ve been able to maintain an involvement in the gaming industry by having clients in the space,” Downey said.Downey is a firm believer that operators still require a that branding plays an integral part in building trust with customers in the highly competitive U.S. sports betting market. “In the gaming sector there is an element of credibility and trustworthiness that exists everywhere, but especially in the U.S. market. Getting access to online gaming in the U.S. market for the past period of time has not been completely legitimated. Gaming is being rebranded as mainstream entertainment and it’s really important that the brands that come through with it do a good job for the customers.”Downey pointed out that new operators have to consider the Vegas perceptions of gaming when it comes to brand marketing and alignment.“For a long time gaming has been synonymous with Las Vegas and therefore it’s completely logical that a lot of the Vegas gaming companies are using their brands to do that job of legitimization and credibility. If a gaming operator is trying to break into the mainstream market in the U.S. then I think having a credible brand behind you, either through brand recognition or through marketing is a good way of making people believe that you know that their gaming environment is a safe one,” he said.In the full interview, Downey gives advice for new operators for developing brand strategy in the U.S. sports betting market. And if you haven’t yet, watch all of our videos as they go up by subscribing to the CalvinAyre.com YouTube channel.

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40 Supreme Fruits Slot Review

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ด้วยชื่ออย่าง 40 Supreme Fruits คุณจะเข้าใจอย่างแน่นอนว่าจะมีธีมแบบไหน สล็อตนี้มีความไม่สามารถคาดเดาได้ปานกลางและ 5 วงล้อและ 4 คอลัมน์ของรูปภาพ สิ่งเหล่านี้รวมเข้ากับ 40 วิธีในการชนะและคุณสมบัติที่น่าทึ่ง สรุปแล้วคุณจะเห็น Wilds and Scatters ทุกที่บนวงล้อและอาจเจอ Jackpot Diamond และฟีเจอร์ Double or Nothing การเดิมพันและรางวัลเนื่องจากเป็นตัวแทนของสล็อตคลาสสิกคุณจึงตระหนักดีว่าคุณจะต้องได้รับภาพที่เหมือนกันหลาย ๆ ภาพเพื่อครองในเกมนี้ ต้องมีอย่างน้อย 3 รายการสำหรับรางวัลสำคัญทั้งหมด อย่างไรก็ตามหากคุณได้รับ 4 หรือ 5 รางวัลของคุณจะยิ่งใหญ่ขึ้น ด้วยการผสมผสานภาพที่โดดเด่นคุณสามารถยกระดับเกมไปอีกระดับในขณะที่เปิดใช้งานคุณสมบัติ 40 Supreme Fruits Slot Features ธีมยอดนิยมสุดมีภาพที่คุ้นเคย ดังนั้นคุณจะเห็นส้มองุ่นลูกพลัมมะนาวเชอร์รี่และผลไม้อื่น ๆ อีกสองสามอย่างบนวงล้อ ไม่ว่าในกรณีใดสิ่งเหล่านี้ไม่ใช่สิ่งเดียวที่คุณจะเห็น Wilds และ Scatters จะแสดงบนวงล้อด้วย โดยปกติแล้ว Wilds จะช่วยคุณในการเดินทางเมื่อสร้างส่วนผสมที่ชนะโดยการแทนที่ภาพปกติ ในทำนองเดียวกัน Scatter สามารถช่วยคุณได้ด้วยการสร้างส่วนผสมที่ชนะเลิศเมื่อคุณได้ภาพอย่างน้อย 3 ภาพในการผสม ณ จุดนั้นมีคุณสมบัติแจ็คพอตไดมอนด์ซึ่งสามารถให้หนึ่งในแจ็คพอตได้ ในที่สุดก็มีเกม Double หรือ Nothing ที่สามารถช่วยคุณเพิ่มรางวัลหรือช่วยให้คุณแพ้ได้ ธีมและการออกแบบธีมที่รู้จักกันดีและ Supreme Fruits 40 ชิ้นนำเสนอการออกแบบที่สวยงามพร้อมกับคุณสมบัติที่ยอดเยี่ยมบางอย่างสรุปผลไม้ 40 รายการใช้สล็อตจาก Novomatic ในธีมผลไม้และมอบความบันเทิงมากมายให้กับคุณด้วย Wilds คุณสมบัติ Jackpot Diamond เกม สองเท่าหรือไม่มีอะไรและกระจัดกระจาย

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What channel is Barcelona vs. PSG on today? Time, TV schedule to watch Champions League match in USA

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The start of the Champions League features an intriguing matchup between La Liga’s Barcelona and Ligue 1’s Paris Saint-Germain.
Both teams feature among the best strikers in the sport: Lionel Messi is second in La Liga with 15 goals this season, while PSG’s Kylian Mbappe ranks first in Ligue 1 with 16. Whoever performs better on Tuesday could set their club up for success in the first leg of the Round of 16.
But soccer is a team sport, and it will take more than Messi and Mbappe to secure victory in Tuesday’s match. In that sense, Barcelona may be playing the best it has all season, taking a seven-game La Liga win streak into its match vs. PSG; it has also won three of its last four games in the Copa Del Rey, though it did lose its last match to Sevilla on Wednesday.PSG is playing inspired recently as well, taking a three-game Ligue 1 win streak into its match vs. Barcelona, as well as wins in the Coupe de France and Trophee des Champions.Here’s everything you need to know about the opening match of the Champions League, including time, TV channel, streaming info and more:MORE: Watch Barcelona vs. PSG live with fuboTV (7-day free trial)What channel is Barcelona vs. PSG on today?Cable subscribers can watch Barcelona vs. PSG on CBS Sports Network or on the streaming service CBS All Access (which will soon rebrand as Paramount+). Cord cutters can watch it on the streaming service as well, at the cost of $9.99 per month (or $5.99 with limited commercials). For those on the fence — or who simply want to watch the match before canceling — CBS All Access offers a week-long free trial. Another option is fuboTV, which also offers a seven-day free trial.How to watch Champions League games in USACBS has comprehensive broadcasting rights of the Champions League, though certain matches can only be watched on CBS All Access/Paramount+, while other matches can be seen on CBS and the CBS Sports Network.Coverage begins with the first leg of the Round of 16, which will be split between CBSSN and CBS All Access.CBS All Access will officially rebrand as Paramount+ on March 4, five days before the start of the second leg of the Round of 16 on March 9. From there, CBSSN and the rebranded streaming service will split coverage of the remainder of the Round of 16, which concludes on March 17.Fans who want to watch the quarterfinals — which run from April 6 through April 14 — can only do so on Paramount+.CBSSN and Paramount+ will again split coverage of the Champions League with the semifinals, which run from April 27 through May 5. Fans can watch the Champions League final on May 29, either on CBS or via Paramount+.Champions League Round of 16 scheduleRound of 16, first legTuesday, Feb. 16Barcelona vs. PSGRB Leipzig vs. LiverpoolWednesday, Feb. 17Juventus vs. FC PortoSevilla vs. Borussia DortmundTuesday, Feb. 23Atletico Madrid vs. ChelseaLazio vs. Bayern MunichWednesday, Feb. 24Borussia Monchengladbach vs. Manchester CityAtalanta vs. Real MadridRound of 16, second legTuesday, March 9
Juventus vs. FC PortoBorussia Dortmund vs. SevillaWednesday, March 10Liverpool vs. RB LeipzigBarcelona vs. PSGTuesday, March 16Borussia Monchengladbach vs. Manchester CityAtalanta vs. Real MadridWednesday, March 17Lazio vs. Bayern MunichAtletico Madrid vs. Chelsea

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Tyrant King Megaways Slot Review

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Tyrant King Megaways plays on 6 reels, gets as many as 117,649 Megaways during regular spins, however then it likewise gets up to 200,704 different ways on the off chance that you get to its free spins. Besides the free spins, there will be Cascading reels, expanding multipliers, wilds and respins. Payouts can be very acceptable, going to 10,000x the stake, while RTP is OK at 96%.Betting and Prizes $0.20 is a low bet, that most players can make use of it and it’s the lowest amount that Tyrant King Megaways permits. At the other end, the highest wagers used is up to $20.Winning big is consistently a chance in slots which depend on Megaways and it is a significant motivation behind why these games turned out to be so popular. It is not easy however, since the unpredictability is also on the high side. All things considered, a bonanza of up to 10,000x the stake is onThe RTP is set at 96%.Tyrant King Megaways Slot Features Concerning the Megaways system. It depends on a fixed number of reels, 6 for this case but on a random number of images for every one (2 to 7 during regular spins). This permits up to 117,649 different ways to win during your regular spins.After a combination forms, cascading reels will trigger, eliminating winning images and adding others in. This can prompt more wins and cascades.Get at least 4 wilds to show up in one spin and the Respins feature triggers. It will give you a Hold and Win style reward with 3 respins offered, during which you need to get extra wilds on the reels. Just wilds and empty positions can show up in this mode. You gather the setting off wilds and any new ones that may appear. In the event that a reel is covered by them, it transforms into a multiplier wild. The respins reset when you get new wilds.Toward the end of the feature, you get every one of those wilds used as a component of new mixes in the base game. Every combo of up to 6 wilds will settle up to 50x the stake.There will be free spins to go after also, up to 15 rounds offered when up to 6 scattered Dinosaur Eggs show up in view. The game area increases, with one extra line of images, so now you can have 200,704 different ways to win active. Another feature will include an expanding multiplier, going up by 1x after each new cascade.Theme and Design We are going back to the period when the dinosaurs roamed and controlled this planet. The T-Rex will be the star, as a wild while Dinosaur Eggs are represent scatters. Standard images include an unlikely picture of an Adventurer, a Cavewoman, three kinds of dinosaurs and the 10 to A Royals. It is a mix of prehistoric and modern at that point, which reminds me of Jurassic Park because you can’t get such a thing elsewhere.ConclusionTyrant King Megaways looks engaging, giving us some new features to try out, along with the ones we already knew and enjoyed. Top wins of 10,000x the stake are not extraordinary in a Megaways slot but rather they look great all things being equal.

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Addabbo Confident New York Mobile Sports Betting Can Launch This Year

Bradley Beal ดูอนาถบนม้านั่งของพ่อมดซึ่งจุดประกายความเห็นใจบน Twitter


Posted on: February 15, 2021, 10:16h. 
Last updated on: February 15, 2021, 10:32h.

Steve Bittenbender

Read MoreNew York state Sen. Joseph Addabbo, Jr. (D-Queens), the lawmaker spearheading the push for the Empire State to embrace mobile sports betting, doesn’t just believe the state legislature will pass a bill soon to expand sports betting in the state.
New York state Sen. Joseph Addabbo Jr. takes part in a swearing-in ceremony for his seventh term last month. Addabbo is a leading lawmaker pushing to legalize mobile sports betting in the state. (Image: NYSenate.gov)He also believes the first bets could take place later this year.“I remain optimistic that should it be in the budget April 1st, with a little initiative, our state government can get it up and running by Sept. 9th, which is the first day of the NFL football season,” Addabbo told Casino.org in an interview.It’s been nearly three years since the US Supreme Court opened the door for sports betting nationwide. New York did take advantage and approve retail licenses for its four upstate casino resorts. In addition, Class III tribal casinos are also allowed to offer sportsbooks on their properties.However, analysts and observers point out that New York misses out on a significant revenue stream since it does not allow mobile applications.For example: According to the New York State Gaming Commission, the four retail sportsbooks in the state generated revenue totaling nearly $3.6 million in January. Over the same month, Indiana – a state with roughly a third of New York’s population – saw its mobile and retail operators earn $29.3 million in taxable revenue.The senator said New York usually leads the way when it comes to state policy.“We’re that car in the right lane with four wobbly wheels, and we’re limping along,” Addabbo said. “And these other fast cars like (New) Jersey and Pennsylvania are whizzing by us. That’s an odd spot for New York to be in.”Sports Betting Part of NY Budget TalksA recent study by Spectrum Gaming estimated that mobile sports betting could generate more than $1 billion in gross revenue for New York operators. If the state sets the tax rate at 10 percent, that would mean more than $100 million in annual revenue.Addabbo’s bill, Senate Bill S1183, as well as legislation sponsored by state Assemblyman Gary Pretlow (D-Mount Vernon), sets the rate an 8.5 percent. However, that rate, like other portions of the bill are open to negotiation, the senator said.The senator also noted that the original sports betting bill he filed a couple of years ago gave each casino one skin. Now, the bill offers them two, which means a potential of 14 skins, or mobile operators, for the state once the three downstate casinos are awarded.I think that’s all part of the budget negotiations,” Addabbo told Casino.org. “How many skins and the license fee and the tax rate that is all part and parcel of the budget negotiations. It’s all part of the discussions that we’re going to have, and that’s where we’ll have to come to some agreement.”Still, time is of the essence.April 1, the start of New York’s budget year, is just 45 days away as of Monday. While that’s six and a half weeks, as Gov. Andrew Cuomo told reporters Monday, “in government, 45 days is a blink of an eye.”Addabbo Concerned State-Run System Can’t Meet DemandThe good news is that Cuomo is on board with expanding sports betting in the state to include online applications. The bad news is, his vision for sports betting varies significantly from that of Addabbo and Pretlow. Those lawmakers chair the gaming committees in the respective chambers.Both lawmakers’ bills call for New York to operate sports betting like New Jersey, Pennsylvania, and Indiana. Each of the state’s casinos currently would get the chance to partner with two mobile operators.Cuomo, though, wants the state to be in more control. He wants a system more like the lottery allowing the state to derive more of the revenue. That approach resembles what Rhode Island, Montana, New Hampshire, Delaware, and Oregon have implemented.As Addabbo indicated, though, those states combined have a smaller population than New York.“I’m concerned about New York having a product that can handle the volume and the growing, expanding the market,” Addabbo told Casino.org.He also noted that Oregon leaders are already having second thoughts about their lottery-managed sports betting product.Just last month, Gov. Kate Brown requested that the state’s legislature take up a bill allowing the Oregon Racing Commission to regulate sports betting and grant licenses.“So, if it’s not good enough for Oregon, I don’t think it should be good enough for New York,” Addabbo said.

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