Pa.’s sports betting taxes so high legal bookmakers may shun state

Betting Odds Market Default Markets. Bettors in Pennsylvania will be allowed to wager not just on the outcome of games involving home teams such as the Nittany Lions or the Temple Owls, but on exotic proposition bets based on performances of individual athletes, such as how many passes a quarterback will throw in a game. The law is clear on several fronts, including restricting sports betting to people 21 and up. And the truth about the 76ers is that they'll probably finish close to dead last in the East next season, at least four solid drafts away from putting together a true contender. These laws have caused many offshore sportsbooks to shun US residents as customers. Federal ban on sports betting lifted

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Pennsylvania State Primary Betting Odds And Voter Info

However, government was very strict on morality in these days. Although they weren't as bad as the McCarthy witch-hunters, they still decided that, to "protect" amateur sports, they would make all sports betting illegal, from pee-wee football to the NFL. Only four states are exempt from this legislation, and Pennsylvania isn't one of them.

This means that you're not going to find legal sports betting in the state, at least in any official, state-licensed capacity, making offshore betting your best bet. This came at a time when phoning your bets in to your bookie was the way to go.

It was convenient, it was wide-reaching, and unfortunately it was also impossible for states to control. Phone lines reach everywhere, which made sports betting via wires expressly a federal issue because of interstate traffic.

After this law passed, all forms of wire-based betting were shut down, and you still can't find anything like this anywhere in the US. This law blocks US-based online sportsbooks from being legally operational. However, the law does not apply to legally licensed offshore sportsbooks that offer online access to their betting services.

It isn't going to take you long to find casinos in Pennsylvania. One of their most popular is the Valley Forge Casino Resort, and this casino features over slots, 50 table games, and has a health spa, a gym, restaurants, valet parking, and entertainment options.

If you want something that's much more inclusive, then you might appreciate The Meadows Racetrack and Casino. This is a location where you can find slot machines, table games, a table poker room, horse races , simulcast racing, and so much more.

If you're a serious poker fan who wants to play in a large poker room where many tournaments are frequently held, then you might enjoy the Sands Casino Resort in Bethlehem. Not only can you find over 3, slot machines and nearly table games here, but they also have a very large table poker room. They also have plenty of entertainment options, multiple restaurants, valet parking, top-notch rooms, and every other odd and end you would expect from a top-flight casino.

One of the fastest growing names in all of gambling is the Mohegan Sun, and you can find their biggest offering in Connecticut. However, they're starting to open more locations around the nation, such as their relatively new casino in Pocono Downs.

This version of the Mohegan Sun has over 2, slots, nearly table games, and an table poker room. Slated to open up in , Pennsylvania isn't done with their casinos yet. They have a brand new and very large casino coming via the Live Hotel and Casino resort. This casino will feature over 2, slots, over table games, and more than 30 poker tables. There will also be entertainment options and plenty of dining options.

If you need a place to gamble in Pennsylvania, you definitely have a few options available. MLB has a huge presence in Pennsylvania via two very popular ball clubs: The Philadelphia Phillies and the Pittsburgh Pirates.

The Phillies are the more popular of the two teams, and that's because they've been the better team for longer. Their last East Division title came in , but they have a pitching staff that's basically unmatched in all of baseball. If only they could swing the bats on a more consistent basis, the team might actually have more World Series wins to its credit. Their last World Series came back in , and they had a chance to win back-to-back but ended up losing in ' The Phillies have fallen on hard times this season, however, due to injuries and bad trades, so they won't be in 's post season.

This does not involve any point spreads or margins of victory. This form of betting odds focuses just on who will be the outright winner. The first thing to take notice of is the plus and minus sign in front of the number. The team with a plus sign in front of the odds is the underdog—in this case, Team B.

Because of this fact, they can potentially earn a higher payout if they win. The number in the odds means something slightly different depending on whether it has a positive or negative sign in front of it. A minus sign at the beginning of odds means the team is favored to win. The difference is that in addition to predicting who will win the game, the point spread includes a margin of victory. In certain cases—such as in college basketball and college football—there is a huge discrepancy in talent between the two teams playing.

In those cases, betting the moneyline is too obvious, because it is clear that one team will beat the other. For example, imagine that two teams, Team A and Team B, are facing each other. In this case, Team B is favored to win. Just like in the moneyline bet, the negative sign before the number indicates who is expected to win.

The number represents the expected margin of victory. That means they need to win the game by 23 points or more. If you bet on Team A, that means they can lose by 22 points or less, or win the game, and you still win your bet. If, during the actual game, the margin of victory lands exactly on the spread, it is called a push or a tie, and no one wins the bet.

In this event, you would simply get your money back. In order to avoid these sorts of ties, betting sites such as BetOnline or Bookmaker , only to mention a couple of sportsbooks will often set the spread at half numbers, such as This way, there will always be a winner in the bet. Point spreads will also have moneyline odds attached. In May , the US Supreme Court struck down the law that made sports betting illegal pr etty much everywhere outside of Nevada.

It also upheld a New Jersey law aimed at allowing sports betting in casinos and racetracks by a vote of , opening the door to legal and regulated sports betting all across the country. Pennsylvania lawmakers passed sports betting legislation as part of a comprehensive gambling expansion plan approved in October The sports betting side of the law was simply awaiting a change in federal law.

State gaming regulators are now putting together the regulations that will govern the PA sports betting market. The state received its first sports betting application from a casino Aug. Supreme Court Justice Samuel Alito said in the written decision that the federal ban on sports betting infringed upon state sovereignty and was unconstitutional.

As one of just a handful of states that saw fit to legalize sports betting before the Supreme Court decision was released, it should be one of the first to open up a legal sports betting market. No timetable has been set for completion and approval of the regulations. Nor has a date been set for the launch of sports betting in Pennsylvania. However, a day timetable is considered reasonable, which would give the PGCB enough time to get legal and regulated sports betting up and running in PA before the NFL season kicks off.

The law is clear on several fronts, including restricting sports betting to people 21 and up. It allows wagering on both professional and collegiate sporting events. And, under the law, players should be able to make these bets in person, online with a computer, or on a mobile device. PGCB is also responsible for issuing these licenses to qualified sports betting operations. The law dictates that any slot machine license holder in the state can apply for what is called a Sports Wagering Certificate.

Only the states 12 casinos and racinos, plus a 13th currently in development, hold slot machine licenses. The Sports Wagering Certificate will allow casinos and racinos in the state to open up a sportsbook and start taking sports bets.

Thereafter, Sports Wagering Certificate holders will be responsible for forwarding 36 percent of all sports betting revenue to the state in taxes. No other state that has sports betting, or is currently in the process of setting it up, has as high a tax rate. In fact, the state of Nevada charges sportsbooks only 6. In New Jersey, the state will charge sportsbooks only eight percent in tax when that market opens. Additionally, the state of West Virginia plans to tax its sports betting operations at a rate of 10 percent.

This could limit the size of the PA sports betting market. Particularly if operators pass on that tax burden to gamblers.