fireworks 1415532 1920The year-on-year increase for income on inward direct investments for Macau gambling is at 34.5% for 2017. This means the inward direct investments for that year is at MOP37.9 billion, or around $4.7 billion. Macau’s Statistics and Census Service, or the DSEC, has released this information. The total income for this particular special administrative region is MOP 58.6 billion, or $7.2 billion. Meanwhile, the gambling sector’s share on this amount is at 64.5%. On an international level, one can see from gambling industry news that a lot of investments and revenues on gambling are enjoying upward trends.

gambling 2017The numbers for the gambling industry’s contribution to the US Economy for 2017 has been released by the American Gaming Association. In terms of sales, the gambling industry has contributed $261.4 billion for 2017, which shows an increase of 9.5% compared to 2014.

The $261.4 billion also generated $40.8 billion in taxes – for all federal, state and local. It also includes $10.7 billion worth of gambling taxes. According to the report, “The $40.8 billion of tax revenues supported by the gaming [industry] represents an injection into public budgets that pays for a range of services including public safety, hospitals and schools. In fact, total tax revenues… generated by the gaming industry are enough to pay for the salaries of approximately 692,000 teachers”.

Things to know before becoming a bookieSports betting is made easier by sportsbook pay per head services. While these services are providing more value to your sportsbook, you still need to actively manage your books. An online management system makes it handy for bookies, but increased efficiency means that the bookie will still work out the fundamentals in your sportsbook. There are a lot of resources online, such as How To Be a Bookie for Dummies, that will teach you’re the basics of becoming a bookie. But before that, there are a few steps you can take prior to starting your operations that will enable you to be a successful bookie.

First, you need to make the time, Being a bookie is not just letting an app or a website operator and do everything for you. You will need to dedicate hours in a week to fix and modify your lines, monitor your players, arrange for payouts, and some time to focus on marketing to expand your player base. Do not consider being a bookie as a side job you can do in a couple of hours. The larger your operation, the more time you need to work so you can fine-tune your sportsbook and improve your income.

how to start a sportsbook pphSerious sports bettors want to win money. The more they earn, the better. And quite a number of sports bettors have thought about putting up their own sportsbooks to earn more money. After all, instead of just winning one what you bet, a Pay Per Head Bookie will enjoy income from all wagers made under his sportsbook.

But most of those who think of taking the next step to be a bookie feel intimidated with the workload required to manage a sportsbook. While it is true that you will need to put in some work to build a stable and profitable sportsbook, it certainly does not require a lot of resources. Oftentimes, the simplest way is the best way to create your own sportsbook.

Alabama Legislature looking at gun and gambling lawsThe legislature in Alabama has been busy this week as several bills have been moving through the floor.These bills have been addressing school safety, gambling, prisons and more in a race to get them thru before the end of the session.

According to the news, Rep. Allen Farley, of Jefferson and Shelby counties, introduced a bill last monthwhich would allow juvenile probation officers to share certain information with school personnel.  This is in order to give schools more safety and to increase the rehabilitation services that will be given to a child.

On Thursday, the HB452 bill sawa second reading in the House. This time, the bill has excluded the information that can be shared with a school. The information excluded are mental health and medical records. It also provide immunity for sharing and receiving the information with the understanding that the shared records are confidential.