{"id":8790,"date":"2024-04-15T00:00:00","date_gmt":"2024-04-15T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/two-delaware-legislators-are-looking-to-shake-up-the-states-sports-betting-market\/"},"modified":"2024-04-15T00:00:00","modified_gmt":"2024-04-15T00:00:00","slug":"two-delaware-legislators-are-looking-to-shake-up-the-states-sports-betting-market","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/two-delaware-legislators-are-looking-to-shake-up-the-states-sports-betting-market\/","title":{"rendered":"Two Delaware legislators are looking to shake up the state\u2019s sports betting market."},"content":{"rendered":"<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">Two <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>Delaware<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> legislators are looking to shake up the state&rsquo;s sports betting market, which just saw its first online sportsbook launch in December.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\"><span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/feria24\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl.png\" alt=\"\" width=\"100%\" \/>Reps. Frank Cooke <\/strong><\/span><\/span><\/span><\/span><span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">and <\/span><\/span><\/span><\/span><span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>William Bush<\/strong><\/span><\/span><\/span><\/span><span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> introduced <\/span><\/span><\/span><\/span><a href=\"https:\/\/legis.delaware.gov\/BillDetail?LegislationId=141175\" target=\"_blank\" rel=\"noopener\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>HB 365<\/strong><\/span><\/span><\/span><\/span><\/a><span><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> Thursday. The bill authorizes two skins each for the state&rsquo;s three casinos.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">In <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>June 2018<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">, Delaware was the first state outside of Nevada to take a legal single sport bet after the repeal of PASPA, but progress has moved at a glacial pace since then. <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>BetRivers<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> is now the sole provider of Delaware sports betting through a multi-year agreement signed last year.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><img decoding=\"async\" src=\"https:\/\/www.mundovideo.com.co\/assets\/international\/two-delaware-legislators-are-looking-to-shake-up-the-states-sports-betting-market2.jpg\" alt=\"\" width=\"100%\" name=\"Imagen 2\" align=\"bottom\" border=\"0\" \/><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">How a transition would work should the bill pass is not entirely clear. Requests for comment from sponsors, the <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>Delaware Lottery<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> and <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>Rush Street Interactive<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> went unreturned by publication.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>Delaware sports betting bill details<\/strong><\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The biggest note about HB 365 is that it gives operators incentive to hand out promotions to acquire bettors. Sportsbooks could deduct <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>2.5% <\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">of monthly handle from taxable revenue through <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>June 2025.<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> That drops to a flat<\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong> 2%<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> moving forward in <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong>July<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> 2025.<\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">That deduction amount could be raised by the director of the Delaware Lottery at their discretion <\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><em>&ldquo;when &hellip; the interests of the lottery system will be served thereby.&rdquo;<\/em><\/span><\/span><\/span><\/span><\/p>\n<p align=\"justify\">&nbsp;<\/p>\n<p align=\"justify\"><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">The sportsbooks would be taxed at<\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong> 18%<\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"> of adjusted gross sports lottery receipts, which is revenue minus promotions and the federal excise tax. Another<\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\"><strong> 1.5% <\/strong><\/span><\/span><\/span><\/span><span style=\"color: #000000;\"><span style=\"font-family: Arial, serif;\"><span style=\"font-size: large;\"><span lang=\"en-US\">of that adjusted revenue would be contributed to horse racing purses.<\/span><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest note about HB 365 is that it gives operators incentive to hand out promotions to acquire bettors. Sportsbooks could deduct 2.5% of monthly handle from taxable revenue through June 2025<\/p>\n","protected":false},"author":1,"featured_media":8791,"menu_order":241,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4606,4605],"class_list":["post-8790","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-hb-365","tag-sportsbooks","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two Delaware legislators are looking to shake up the state\u2019s sports betting market. - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/america\/two-delaware-legislators-are-looking-to-shake-up-the-states-sports-betting-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two Delaware legislators are looking to shake up the state\u2019s sports betting market. - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"The biggest note about HB 365 is that it gives operators incentive to hand out promotions to acquire bettors. 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