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Sports betting heating up at Mississippis casinos

It’s more about driving traffic.” Casino operators hope the lure of sports betting will bolster declining gambling revenues across the state, particularly in the river casinos. Statewide, casino revenue fell more than $40 million in 2017 when casinos earned $2.08 billion. Revenue was slightly up for Gulf Coast casinos, but was down about five percent at the river casinos. Mississippi levies a 12 percent tax on gross casino gaming revenue, of which 8 percent goes to the state and 4 percent to local governments. Mississippi’s Native American casinos, not regulated by the state, expect to offer casino sports betting before Labor Day although no start date has been set. At Golden Moon Hotel and Casino in Choctaw, near Philadelphia, final preparations are being made at Sportsbook at Timeout Lounge. Sports booking also will be available at Bok Homa Casino, near Laurel. Currently, sports bets can only be made at betting windows in a designated area within the casino. That will change in the near future. Casinos currently are working on mobile apps that will allow customers, on their own mobile devices, to place a bet anywhere on a casino property, including their rooms, restaurants, lounges and at gaming tables and machines. No mobile or on-line betting can take place off the grounds of a casino.

For the original version including any supplementary images or video, visit https://mississippitoday.org/2018/08/15/sports-betting-heating-up-at-states-casinos/

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Plan to allow bets on 'historical' races at horse tracks moves ahead despite legal questions

The Illinois Casino Gaming Association also opposes the historical horse racing proposal, with Executive Director Tom Swoik saying it’s too similar to slot machines. “The market is saturated,” he said. “They will be cannabilizing the market, not creating new gamblers.” Illinois lawmakers have repeatedly rejected bills to allow video racing, he said. States that have allowed it planned it so tracks and casinos wouldn’t be near each other, but in the Chicago area they are so close that they compete for customers, he said. Casinos do support other proposals that would allow internet or sports gambling at casinos and tracks, Swoik said, because that would expand the market.

For the original version including any supplementary images or video, visit http://www.chicagotribune.com/news/local/breaking/ct-met-historical-horse-racing-illinois-20180726-story.html

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