Maine Considers Ban on Sweepstakes and Online Casinos

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00:00And also one other state up north, potentially going to ban sweepstakes as well?

00:06That's right. Maine, potentially, could as well. Yeah, I guess they're also talking about online

00:16casino. So it all goes into one. That's through a tribal operator. Well, I'd be four tribal

00:24operators. It'd be very similar to how they set up sports betting. And that was a couple of years

00:29ago where, you know, you have four tribal communities up in Maine. They would each be

00:37able to partner with an online casino operator. But interestingly enough, you have three of

00:44them have partnered with Caesars and one other partnered with DraftKings. So, you know, you

00:48could have up to four online casino operators in Maine, but they've gone against that and

00:52partnered with two between the four of them. So that's interesting. You do have a lot of

00:57opposition. You have a chamber of commerce up there saying, hey, this isn't good for

01:00our local casinos. They have two, a Churchill Downs one and a Penn Entertainment one. So

01:06yeah, we'll see what happens up there. Penn Entertainment has come out against it. Churchill

01:11Downs has come out against it. You know, even the fiscal note on that has said that it could

01:18hurt the physical casinos, but it'll be an overall win because it does potentially create

01:23more revenue for the Maine tribes and then also 16% tax to the state. So while it may

01:30kind of hurt the revenue of the physical casinos, it could do that. So we'll also see what happens

01:37in Maine when it comes to sweepstakes as well. You know, as we see more and more states talking

01:41about online casino, which, you know, we're talking more and more about every week, it could

01:48ultimately spell an end to many of the sweepstakes operators as well.

01:59Yeah.

02:04I'm sorry.

02:06I'm sorry.

02:07I'm sorry.

02:10You know what I know.

02:13Take care.