In late January, Senator Brian Bushweller introduced a measure that would allow limited sports betting to take place within the online gaming industry of Delaware. Currently, Delaware only provides online poker, casino and video lottery gaming. The state is the only one, besides Nevada, to offer regulated wagering options for sports in a land based capacity.
In Nevada, players can wager on the outcome of one NFL game but in Delaware, sports betting must be done with parlays, wagering that will involve three or more games. If the state were to venture into online sports wagering, it seems this same format would be used.
The measure was written to include recommendations that were made by the Lottery and Gaming Study Commission in 2015 and offers additional language involving the casino industry. Table game licensing fees would be eliminated with the bill as well as a tax reduction on the table games of the casino to 20 percent for 2017 instead of the 29 percent for 2016. An additional reduction would take place in 2018, with only 15 percent required.
The legislation was created to help boost the gambling industry in the state and it will be interesting to see how far the bill is able to go. The bill is currently sitting with the Senate Finance Committee. As far as past earnings go, the state has three facilities that offer gaming and provide online gambling access. In 2015, the state was able to earn $1.8 million with online gambling but this is a decrease from the $2 million earned the previous year.
If online sports betting were allowed, the revenues would assumedly increase as players would be logging online to take advantage of this new service. For now, we shall watch and see how the measure stands up and if it moves forward, being signed into law.
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