Latest News from OSGA

Access to loans broadened for gaming businesses, but many Nevada taverns are left out
- Apr 20, 2020
While the SBA originally blocked from a loan any business that derived one third of its annual revenue from legal gambling, the SBA guidelines were revised on Tuesday to allow “small casinos” to qualify for Paycheck Protection Program (PPP) loans as long as gaming revenue made up less than half of total business revenue and was less than $1 million. But the change still leaves most gaming businesses, such as Malone’s, without help.
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DraftKings Merger with SBTech Makes Them First Public Sportsbook
- Apr 20, 2020
DraftKings, SBTech, and Diamond Eagle Acquisition have officially merged. The result makes the new entity, listed as DKNG, the first publicly traded Sportsbook on the New York Stock Exchange, valued at $2.7 billion. This is a major step for not only DraftKings, but the world of online sportsbooks and sports betting.
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Tennessee online sports betting officially hits ‘Rocky Bottom’
- Apr 20, 2020
Last Wednesday, the Tennessee Education Lottery Corporation unanimously set a new low for the emerging US sports betting market when the board approved rules to cap payouts for winning wagers at 90% by forcing TN sportsbooks to keep a permanent 10% minimum hold—” hold” is the amount of profit made from the “handle” (total amount bet at a sportsbook).
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Senator Mastriano: Sports gambling revenue should fund property tax relief
- Apr 20, 2020
Legislation introduced by PA State Senator Doug Mastriano would temporarily divert sports gambling revenue towards property tax relief. Senate Bill 1117 aims to help homeowners and families cope with the financial difficulties associated with the COVID-19 pandemic
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Esports gambling revenue set to double this year, research finds
- Apr 20, 2020
2CV and ProdegeMR’s survey showed that 59% of gamblers have reduced spend on gambling, with 32% having actively looked for new things to bet on and 24% shifted their focus to other forms of betting. 22% of gamblers who have not previously tried esports betting will consider doing so within the next 3 months, and 62% of respondents said they needed more information on the sector.
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NFL Odds: Pair of Attractive Betting Values on 2019-2020 Losing Teams
- Apr 19, 2020
Professional sports handicapper and OSGA writer Ross Benjamin goes out on a limb to predict a couple of longshots to make this season’s NFL Playoffs. Ross concludes this highly informative article by disclosing those 2 picks and detailing why he chose both.
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UFC$49 SIM Event at MyBookie
- Apr 17, 2020
Risk-free Saturday MMA betting at MyBookie.ag.
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Free Horse Racing Picks and Predictions for 4/17/2020
- Apr 17, 2020
Video betting tips for Friday horse racing action.
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Pennsylvania online casinos gain as land-based options crater
- Apr 17, 2020
Figures released Thursday by the Pennsylvania Gaming Control Board (PGCB) show overall gaming revenue of $153.5m in March, down 51% from the same month last year and 49.5% below February 2020’s total.
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The PGA Tour pitches for June 8 resumption
- Apr 17, 2020
The PGA Tour has announced that its campaign will resume on June 8 after releasing its revised schedule which concludes on September 8 with the Tour Championship. The Tour was originally targeted to resume on May 18 with the Charles Schwab Challenge. However, due to the growing COVID-19 concerns and The Players Championship being cancelled, the event will now take place on June 8.
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