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Sports Betting News
DraftKings Renews Deal with Madison Square Garden
DraftKings renews its partnerships with Madison Square Garden Company that will make the former the exclusive sports betting partner of the New York Rangers and Knicks. It is in addition to being the operator of the sportsbook in the arena.
The operator will continue to be the exclusive daily fantasy sports sponsor of the company. Also, it has a daily fantasy sports contract with the Westchester Knicks. By extending the deal, DraftKings’ brand will be integrated across all assets of the Madison Square Garden, including in-game promotions, out-of-home signage, and online platforms.
The partnership is beneficial for both parties, according to bookie pay per head solution experts. It gives DraftKings exposure during NY Rangers and Knicks games, and all the broadcasts on Madison Square Garden Networks. Also, it provides DraftKings additional DFS promos during Westchester Knicks matches.Read more ...
Indiana Casinos to Launch Sports Betting in September
Indiana casinos are preparing for the launch of sports betting in the state. Their target date is September 1. They want to get the advantage over their competitors in the Midwest that hasn’t allowed wagering on sports yet.
All 13 state-licensed casinos and three off-track betting parlors are preparing for on-site sports betting. They told pay per head service analysts that their sportsbooks will be ready in time for the state of the 2019 NFL season. Also, they are working on online betting apps. However, the mobile launch date will be in the fall.
One of the casinos ready for the sports betting launch is Caesars Entertainment. It has dedicated sports betting areas in its Indiana casinos near Chicago and Kentucky. Regional president Dan Nita told pay per head sportsbook sites that the company wants to get a head start and attract gamblers in its Hammond casino before the launch of sports betting in Illinois. The latter just approved its sports wagering legislation in June.Read more ...
Gambling Industry News
Nebraska Legal Gambling Campaign Gets Support from Tribal Company
A Nebraska-based Native American tribe is putting big money in support of the Nebraska legal gambling campaign will make casino gambling legal. Ho-Chunk Inc. is funding the petition drive. At present, it contributed around $1.5 million to the Keep the Money in Nebraska initiative.
The campaign will allow voters to decide whether to allow casino gambling at licensed horse racing tracks in Lincoln, Omaha, Columbus, Hastings, South Sioux City, and Grand Island.
Lance Morgan, CEO and president of Ho-Chunk, told a bookie PPH news site that he thinks legalizing casinos in the state is a good idea. He said that the measure would bring around $80 million a year in tax revenues for the local communities and the state. Also, he said that the state could use the income to lower property taxes.Read more ...
Importance of Cash Flow Reports for a Bookie
One of the lessons to learn how to be a bookie is to know the proper use of cash flow reports. Generating important business reports is easy with a pay per head bookie solution. One of the reports you have access to is regular cash flow reports.
The best thing about it is that the financial reports are available even at the cheapest tier of the PPH system. Monitoring cash flow is the best way to ensure you have a sufficient level of cash on hand.
There are two ways to ensure you have enough cash to handle all your financial responsibilities. The first one is to offer more betting options. It is not just opening lines for more sports, but also exploring other online gambling options, such as online casino and a racebook. You can find a pay per head bookie solution that will allow you to offer more than just a sportsbook pay per head.
The other way to improve cash flow is to attract more active players. Although adding more players do come with risks, you can avoid them through proper planning. Adding more players can provide you with higher cash flow and improve your bottom line.Read more ...