movement to repeal PASPA<\/a> in state capitals across the nation. New Jersey is currently trying to legalize sports betting, and is petitioning the US Supreme Court to intervene in a lower court’s ruling that is preventing\u00a0the state from opening lines at its casinos and horse racetracks.<\/p>\n<\/div>\nMatzie wants to make sure Pennsylvania is ready should PASPA be annulled.<\/p>\n
“We should be ready to act should the federal ban be lifted,” Matzie explained. “Legalizing sports betting will simply enable Pennsylvania to regulate a multimillion-dollar industry that already exists.”<\/p>\n
Nittany Lions Roar<\/b><\/h2>\n
During last year’s college football season, no time provided bigger payouts for sports bettors than Penn State. The Nittany Lions began the year at 2-2, and then rattled off nine straight wins that included the Big Ten Championship.<\/p>\n
The run also included the Lions going 10-3-1 against the spread, the most popular football bet among sports gamblers.<\/p>\n
With most of the team returning, including star quarterback Trace McSorley and running back Saquon Barkley, two early candidates for the Heisman Trophy, the Blue and White faithful are placing wagers on Penn State’s title chances in 2018.<\/p>\n
Bovada currently has PSU at +1600 to win the College Football National Championship. Only six other teams have smaller odds.<\/p>\n
But until PASPA is replaced and Matzie’s bill is implemented, all of those betting revenues will go to the coffers of offshore companies.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Pennsylvania sports betting bill has been introduced by State Rep. Rob Matzie (D-District 16) that seeks to allow residents in the Keystone State to place financial wagers on sporting outcomes should a federal law be repealed. House Bill 519 would allow the business of accepting wagers on sporting events or on the individual performance […]<\/p>\n","protected":false},"author":42,"featured_media":45355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,18,16,1074],"tags":[],"acf":[],"yoast_head":"\n
Pennsylvania Sports Betting Bill Introduced Should PASPA Be Repealed<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n