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Pennsylvania has also lifted the ban but is yet to launch live online poker operations. The AGA’s report doesn’t include statistics for poker’s growth relative to other games but the report says that table games have grown faster than slot machines partly because younger players are more likely to play poker. Nevada’s revenue from casino gaming was up 2.8% to $11.57 billion which includes $118.4 million from poker. The state took in $17.48 million in rake from cash games in June which is a new record. The WSOP was responsible for much of that 4.8% increase

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The enthusiasm of casinos to apply for sports betting licenses doesn’t mean that the high taxes are workable for them. If the experience of regulated sports betting in Europe is a guide, then the short-term future doesn’t look good. After five years of regulated sports betting in France, only three sports betting operators had managed to make a profit in any quarter. France has taxes that are roughly at the same level as Pennsylvania. In France, around 40 percent

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NetEnts entry into PA will not come cheap, as manufacturers and gaming suppliers are required to pay a $1 million fee to become licensed. While the state of PA boasts a http://nylundlifesfu.wordpress.com much larger population than New Jersey, profit margins on NetEnt games in the state will likely be lower due to the oppressive 54% tax Commonwealth regulators will levy on slot machines. Operators will keep a much bigger chunk of table game revenue, though, which is set to be taxed at 16%. NetEnts $1 million licensing fee is but a drop

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If that happens, then expect PartyCasino and possibly playMGM to launch, too. GVC and MGM have a joint venture which will see them launch online sports betting and gaming wherever the law allows. Valley Forge has established a partnership with FanDuel for its sports betting operations, both live and online. FanDuel will be better known to Pennsylvanians for its daily fantasy sports (DFS) business. Since Paddy Power Betfair bought FanDuel in May this year , the company has become PPBs leading brand in establishing US sports betting. In New Jersey, FanDuel is making

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