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New York Mobile Sports Betting to More Revenue than Cannabis

The legalization of New York mobile sports betting and cannabis will bring revenue additional revenue to the state. However, mobile sports betting will get more than 100 percent more taxes than recreational cannabis by 2025.

The New York budget for 2021 will be around $212 billion, which was ten percent higher than in 2020. The main driver of the budget growth is federal aid and new revenues from taxes. Also, it included the legalization of mobile sports betting and recreational cannabis. The new revenues will bring around $26.7 billion to the state.

New York Comptroller Thomas DiNapoli estimated that legal cannabis would bring around $20 million in taxes in 2021. On the other hand, mobile sports betting will earn $99 million, which is a difference of 395 percent.

New York Mobile Sports Betting to Bring More Revenue

Legal cannabis will be available in the state within 18 months. Thus, it isn't easy to compare it to mobile sports betting. Although people can be a bookie in three easy steps, they can't start a sportsbook in New York.

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PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices

PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head PricesPricePerPlayer.com, the leading Sportsbook Pay Per Head provider in the industry is changing its price per player model.  The typical model for a bookie Pay Per Head company is to charge a weekly fee for each active gambler. The price range for these services is usually from $3 to $25 per player. However, PricePerPlayer.com is Restructuring their Business with Lower Pay Per Head Prices per player.

How the company is changing from its typical price of $5 per player is by using a pricing chart. With the pricing chart, the cost will depend on the number of active players they have each week. The company is quick to point out that their new pricing system will not increase their already low prices. Instead, the new pricing system will only lower the price for their clients. Thus, the highest clients will pay is $5 per player and prices can go as low as $2 per player.

The new business model for the company aims to tie their profits directly with their clients. Their new motto is “Your Success is Our Success. Therefore, if a sportsbook or gambling operator does well, they want to share the profits with their clients. Meaning, the better a client does, the lower their operating cost will be when they use the PricePerPlayer.com Pay Per Head Services.

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Pay per head it's always a great option

Pay per head it's always a great optionThe sports betting world has expanded greatly in the last several years, with odds and lines seemingly available everywhere. Whether they’re websites or broadcast networks, they’ve taken wagering on sports into a mainstream direction. The startling development is just how quickly it has all changed.

Going back just five years, sports leagues and organizations were still trying to distance themselves from gambling. Even though Daily Fantasy Sports (DFS) had gained some momentum behind DraftKings and FanDuel, it wasn’t considered gambling. Because DFS doesn’t directly reward the outcome of games, matches or tournaments, it was in effect given a pass.

What DFS did was to introduce a large population of sports fans to online technology that makes it easy for players to make picks and track their results. They became familiar with the process that would become instrumental in using online sportsbooks.

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Governor Ducey Signed the Comprehensive Arizona Gaming Expansion

arizona gaming expansionGovernor Ducey signed into law the vast Arizona gaming expansion last April 15. Also, the state government amended the Tribal-State Gaming Compacts. As a result, sports betting, daily fantasy contests, and keno games became available on and off the tribal ground in the state.

The gambling expansion also made mobile lottery draw games legal in Arizona. According to sportsbook pay per head reports, the gambling expansion bill will take effect after the US Secretary of the Interior approves the Compact amendments and its publication in the Federal Register.

Senate Bill 1797 and House Bill 2772 allow sports wagering on Tribal grounds at tribal casinos. According to bookie resources, the bills allow bookies to accept wagers outside of Tribal lands. However, operators need to apply for sports betting licenses.

Comprehensive Arizona Gaming Expansion

Licensed operators will include the Tribes and sports franchises. The state will offer ten licenses to the Arizona pro sports team and ten licenses to Tribes. According to SportsbookSOS.com sources, The Phoenix Suns signed a deal with FanDuel to open a sports betting lounge at the Phoenix Suns Arena.

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Chinese Casino Magnate Expands in Laos

zhao weiChinese casino magnate Zhao Wei wants to expand his businesses in Laos. Among his plans are tourism projects and other business ventures in various parts of the country. According to sportsbook pay per head reports, Zhao Wei visited the Saravan province and met with its governor.

Zhao Wei discussed the possibility of building an airport in the province. Also, he wants to invest in tourism and agricultural development projects. The casino magnate visited several locations near the border with Vietnam.

According to casino news, Zhao didn’t say if he will construct a casino in the area. He plans to plant commercial trees along the Vietnamese-Lao border. Zhao is the Kings Romans Group chairman with a 99-year lease over the Golden Triangle Special Economic Zone.

Chinese Casino Magnate Laos Expansion

The Golden Triangle Special Economic Zone is a tourism and gambling zone in a remote location. It is near the boards of Myanmar, Thailand, and Laos. Before his operations in Laos, Zhao used to have casinos in Mong LA and Macau. According to sportsbook reviews, the former is a rebel-controlled area in Myanmar popular among Chinese gamblers.

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Inside the 2021 NHL Season

 

Inside the 2021 NHL Season

The 2021 NHL season has been unlike any other in league history. A grueling regular-season schedule has turned games into virtual playoff series. Short-term division realignment has brought about new rivalries.

 

COVID-19 postponements have extended the end of the season, so the NHL is sprinting a marathon in the hopes of reaching the finish line and starting the 2021-22 season on time.

Here are some of the top stories from inside the 2021 NHL season.

NHL STANLEY CUP FUTURES UPDATE

 COVID-19 Wreaks Havoc in Vancouver

Far and away, COVID-19 hit the Vancouver Canucks harder than any other team. The Canucks shut down on March 24 as COVID-19 infected the team and didn't play again until April 18. At one point, 21 Canucks players and four members of the team staff all tested positive for coronavirus.

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Online Sports Betting Blocked in Central New York

sports betting blocked in central new yorkA large portion of Central New York and western New York might be left out of the proposed online sports wagering initiative. There are talks that online sports betting would be blocked in Central New York because Native American tribes have exclusive gambling rights.

According to casino news reports, Governor Andrew Cuomo and state lawmakers discuss a deal that would allow online sports betting in the state. They think that revenue from the activity can help reduce the budget deficit.

However, there are concerns that the plan excluded areas where Native tribes have exclusive gambling rights. In Central New York, those areas are Chenango, Cayuga, Cortland, Lewis, Oneida, Madison, Onondaga, Herkimer, Otsego, and Oswego counties.

Blocked in Central New York

The Oneida Indian Nation has exclusive gambling rights in those counties as part of the 2013 deal with the state government. The compact included potential mobile sports betting. Also, the issue could affect western New York counties, such as Niagara, Cattaraugus, and Erie. That’s where the Seneca Nation has exclusive gambling rights. However, their compact with the state has different terms.

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