Wednesday, July 18, 2018

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NJ sports betting: Gov. Murphy places first legal bet at Monmouth Park

Pennsylvania Gaming Control Board took another step toward sports betting Wednesday, approving a set of nuts-and-bolts regulations that are starting to give shape to the fledgling business line here. Still no hard launch date, though.  A commonly-held hope is that the business can launch here by the start of the 2018 football season. The regulations approved Wednesday set out licensing procedures for companies that can run on-line sports books for participating casinos, oddsmakers, equipment manufacturers and suppliers. One of the key regulations passed Wednesday limits each http://pokeruki.trekcommunity.com casino to one on-line gaming partner. In their submissions, they've said one-for-one partnerships with on-line providers will avoid dilution of the market, allow them to focus on cross-marketing with their land-based properties, and increase accountability. Another rule passed Wednesday requires any participating casinos to hire an independent "integrity monitor" to help police against illegal sports betting activities. "There are firms that are working with Nevada, in Europe, that monitor integrity. They look at what's going on in the games and they try to spot anything going on that looks irregular," Harbach said. Professional sports leagues, he noted, already work to preserve integrity of their games while betting occurs in Nevada and Europe, and more recently, New Jersey and Delaware. The Gaming Control Board itself can't impose an integrity fee as some leagues and teams have suggested, according to Harbach, because that would be considered a tax, which would be up to the legislature to impose. But the board can insist on "integrity monitoring done by the casinos... and that's where we'll make sure that the games really are on the up-and-up for the public to wager on." * Sports books must have a server or other equipment that is capable of receiving on-line bets located within Pennsylvania.

For the original version including any supplementary images or video, visit https://www.pennlive.com/news/2018/06/pennsylvania_regulators_set_mo.html

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