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Bookie software used to be a thing of the past, it’s now a mandatory MUST for the future! Local bookies are looking for anything to help them make their life easier and most importantly, to help make their job easier.
If you have ever been a bookie on any level then you know how difficult this job can be. Many folks have the idea that life as a bookie is all about a fat bankroll in the front pocket and the newest Caddy in the parking lot. We all know the stereotype and pretty much everyone is familiar with the reputation of local bookies from Brooklyn. Cleveland, Chicago, Kansas City, Los Angeles, and all points in between.
Even Las Vegas - yes, Las Vegas is chock full of local bookies. if you're reading this and you happen to live in Las Vegas chances are, you are a bookie on some level. Las Vegas is indeed an outstanding place to live whether you are a gambler or a bookie, Las Vegas attracts it all and you know the stereotype.
North Carolina Online Sports Betting Bill is Introduced
A new bill was introduced this week in the state senate, allowing the possibility of seeing online sports betting in North Carolina. This is the first legislative effort of North Carolina to legalize online wagering in the state. As many in the sportsbook pay per head industry know, online wagering has a huge potential to be a top revenue generator for anyone, much more a state.
The bill proposes that 10-12 licenses can be given to online sportsbook operators as well as tribal casinos. This is a bipartisan bill that, if passes, could be enacted as early as October this year. The bill will allow the licensed sports betting software companyy to operate under the purview of the North Carolina State Lottery Commission.
Sportsbook Firms Want Legal Mobile Sports Betting in Arkansas
Three sportsbook firms want legal mobile sports betting in Arkansas. At present, mobile wagering is not allowed in the state. Thus, a lobbyist for the three sports betting companies wrote to the Arkansas Racing Commission regarding the rule change.
The lobbyist represents DraftKings, FanDuel, and MGM Resorts. Director John C. Campbell of the Arkansas Racing Commission said that licensed casinos are the only firms allowed to open a sportsbook in the state. The three companies are operating sportsbooks inside casinos.
Casinos with licenses to operate in the state are Southland, Oaklawn, and Saracen. A casino in Russellville has a sports betting license. However, it is engaged in a legal dispute. Campbell said that the three sportsbook firms are the first to propose changing mobile sports wagering rules.
Legal Mobile Sports Betting in Arkansas
The Racing Commission is open to discuss the legalization of mobile sports betting in the state. According to sportsbook pay per head reports, Arkansas casinos can develop mobile sports betting apps. However, players need to be within the casino property to place wagers through apps.
Sports Betting Stocks Drop Despite Legalization in Michigan
Michigan is the 15th state to legalize sports betting in the United States. However, it failed to stop the sports betting stocks drop on Friday. More states are legalizing sports wagering, but individual states' moves have little impact on the market.
DraftKings shares went down by 1.61 percent to $52.70. Penn National Gaming was down 0.23 percent at $106.94. Also, MGM Resorts International dropped 0.43 percent to $31.67. Although Wynn Resorts has a higher value at $106.88, its value dropped by 2.09 percent.
Despite the drop in the market values, online sports betting remains a fast-growing industry. According to pay per head sportsbook reports, 90 percent of sports wagers made in New Jersey came from online sources.
Sports Betting Stocks Drop
Online bookie software experts said that Michigan has a business-friendly tax rate. Also, the state has competitive licensing fees. Thus, many companies want to know how to become a bookie and start a sportsbook in the state.
Colorado Casinos Get Higher Betting Limits
Colorado voters approved Amendment 77 during the November elections. Thus, Colorado casinos will get higher betting limits. Casinos in Black Hawk, Cripple Creek, and Central City can now have limits above the previous cap of $100.
Also, casinos in the three gambling towns can offer new games. However, the Limited Gaming Control Commission needs to allow the games first. Black Hawk City Council didn't want to waste time and voted to approve unlimited single-bet wagers last December 1. The council also allowed casinos to offer keno, baccarat, and pai gow poker. However, the changes would take effect on May 1 due to the amendment's wordings.
According to pay per head solution reports, the amendment allows Colorado to compete with other states with legal casino gambling. Before the amendment, bet limits were only found in Colorado and South Dakota.
Higher Betting Limits in Colorado
Cripple Creek and Central City also passed measures that would allow new games and life wager limits. However, elected officials and casino managers are downplaying Amendment 77's impact on local communities.
Maryland Sports Betting Framework Taking Shape
The House of Delegates took a small step towards creating the Maryland sports betting framework. The House Ways and Means Committee heard from supporters and critics of sports betting, including representatives from the State Fair, lobbyists for sports betting firms, problem gambling advocates, and more.
HB 940 didn't go into vote Thursday. However, it looks like it will advance to the floor in the current session, which will end on April 12. According to pay per head reports, both chambers discussed creating the legal sports betting framework last year. However, the pandemic put the efforts to a stop.
Lawmakers put the question on the ballot and will figure out the details if it passes the referendum. As a result, voters approved legal sports betting. Now the ball is once again in the hands of the lawmakers.
Maryland Sports Betting Framework
During the hearing, lawmakers discussed three points: increasing the number of licenses for online sportsbooks, ensuring participation of minority-owned sportsbooks, and ensuring Maryland keeps up with neighbors.
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