Sports News

With the expansion of sports betting in Pennsylvania and other states, betting on the NFL Draft has grown in popularity. Odds for Thursday’s first round in Kansas City have been set at DraftKings and FanDuel with Alabama’s QB Bryce Young set at the favorite for the top overall selection.

Behind the popularity of the NCAA Men’s Basketball Tournament, Pennsylvania sportsbooks brought home a haul in March, booking $723.5 million in wagers.

In a recent survey by Penn State University, over 30% of gamblers from Pennsylvania admitted they suffer from a gambling addiction. With roughly $1.4 billion in profits, the PA online gambling market in Pennsylvania has become huge business but opens the door to a dramatic increase in problem gambling.

The Masters, golf’s most popular tournament, has attracted the attention of Pennsylvania bettors this week with Scottie Scheffler receiving the highest odds to win at +650 on DraftKings and +700 on FanDuel.

Even though they aren’t favored to win their division, the Phillies hold impressive World Series odds as FanDuel lists the squad at +1500 to win it all. The Pirates hold +20000 odds, making them the seventh lowest team out of the 30 MLB clubs starting the season on March 30.

When it comes to the betting favorite entering the final four teams of the tournament, the UConn Huskies hold the top spot at both DraftKings and FanDuel. At DraftKings, the Huskies hold -125 odds for bettors, while FanDuel gives UConn slight better odds at -120.

Pennsylvania’s online casinos continued their impressive revenue run posting a record setting total for February as operators generated $162.3 million in total winnings.

Reps Dina Titus, a Democrat from Nevada, and Guy Reschenthaler, a Republican from Pennsylvania, reintroduced legislation to repeal the federal handle tax. Although the less-than one percent tax doesn’t appear to take much from sportsbooks, the two representatives from states with legal sports betting believes the tax unfairly prevent growth in the gaming industry.

After losses by Penn State and Pittsburgh over the first weekend of the NCAA Men’s Basketball Tournament, the Keystone State’s sportsbooks have turned their attention to setting the odds for the remaining field to win the entire tournament and which teams are favored to reach the Final Four.

To clarify and remove any possible confusion for Pennsylvania bettors, the Pennsylvania Gaming Control Board told the state’s sports books they can no longer use the term “free bet” in their marketing.