Supreme Court rules with NJ
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  1. #1

    Default Supreme Court rules with NJ

    NJ Wins!!

  2. #2

    Default Re: Supreme Court rules with NJ

    bloomberg terminal reporting.....US court strikes down fed wagering ban

  3. #3

    Default Re: Supreme Court rules with NJ

    Flood gates open

  4. #4

    Default Re: Supreme Court rules with NJ

    when there is enough money on the table..... i got a partner...when there is not i don't



    H. Roth

  5. #5

    Default Re: Supreme Court rules with NJ

    So what's the next step?

  6. #6
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Supreme Court rules with NJ

    Within 5 years, IOWA will be 2nd only to NEVADA as the best state for sportsbetting.

    ​STAY FOCUSED

  7. #7

    Default Re: Supreme Court rules with NJ

    less than a month it looks like

  8. #8
    EOG Dedicated
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    Default Re: Supreme Court rules with NJ

    I’ll still believe it when I see it.

  9. #9

    Default Re: Supreme Court rules with NJ

    Well done Chris Christie, you magnificent fat bastard!

    🍾 🍻🎉

  10. #10
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by njdave View Post
    NJ Wins!!
    Will be flooded with corruption in that state.........down the road, other states will have much better operations.
    ​STAY FOCUSED

  11. #11
    Bells Beer Connoisseur FairWarning's Avatar
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    Default Re: Supreme Court rules with NJ

    The EOG bash will be held in Gary, Indiana. Full gambling and no resort fees.

  12. #12
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    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by FairWarning View Post
    The EOG bash will be held in Gary, Indiana. Full gambling and no resort fees.
    Touchdown Jesus will be holding the GOLD SHEET
    ​STAY FOCUSED

  13. #13
    Bells Beer Connoisseur FairWarning's Avatar
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    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by FISHHEAD View Post
    Touchdown Jesus will be holding the GOLD SHEET
    Haha

  14. #14
    Just Drawn This Way Squarepants's Avatar
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    Default Re: Supreme Court rules with NJ

    It was a nice lazy weekend, anyway . . . .

    Looks like a complete win from a quick precaffeinated scan of the syllabus. Click on the Murphy case to read the opinion (they change the caption when the governor changes over):

    https://www.supremecourt.gov/opinions/slipopinion/17
    Never confuse price with value, consensus with wisdom, or conformity with courage.

  15. #15
    Just Drawn This Way Squarepants's Avatar
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    Default Re: Supreme Court rules with NJ

    I encourage you to read the actual opinion, but here's also some commentary from the web/twitter:

    Patrick Everson‏ @Covers_Vegas 13m13 minutes ago

    Per @WilliamHillUS CEO Joe Asher on Supreme Court New Jersey sports betting decision: "We’re going to get ready to open for business at Monmouth Park as soon as responsibly possible.” @WALLACHLEGAL previously told @Covers this could happen as quickly as a couple of weeks.

    https://www.legalsportsreport.com/sp...-bill-tracker/

    https://finance.yahoo.com/news/casin...145204071.html

    https://www.vsin.com/supreme-court-r...rohibition-ii/

    http://www.espn.com/chalk/story/_/id...ports-gambling
    Never confuse price with value, consensus with wisdom, or conformity with courage.

  16. #16

    Default Re: Supreme Court rules with NJ

    It's imminent in California, New York and Illinois. In Cali, sounds like the Indian casinos are trying to get involved. I suspect sports betting will only be allowed at either the racetracks and/or Indian casinos. It would be nice to have it like New York OTB or in the UK; just walk down the street and place a bet.

    But until we know the implementation, we can't get too excited. Laying 120 to win 100 isn't a beatable game.

  17. #17

    Default Re: Supreme Court rules with NJ

    Are the touts salivating

  18. #18
    Just Drawn This Way Squarepants's Avatar
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    Default Re: Supreme Court rules with NJ

    I believe that once all the dust has settled, this will be a positive.

    A few quick points.

    One, state legalized does not mean state run. So it doesn’t have to be like a state run lottery.

    Second, bills do not always become laws. Thus, things like integrity taxes may never come to pass in all states.

    Third, the new decision does not authorize legal sports betting across state lines. The prohibition in the Wire Act against legal sports betting across state lines is unaffected by this decision. Absent literally an act of Congress repealing the Wire Act, there will be no nationwide legal sports books in the US to challenge the offshores in interstate and international online sports betting.

    Nor is -120 the only possible outcome in the market.

    In short, there is nothing in this decision that foreordains that states will not follow the successful Nevada model with privately run sports books and no onerous taxes. Sure, there could be a bad law in a state. But the mere fact that the federal prohibition against states having legal sports betting has been struck down does not dictate any outcome, whether positive or negative.

    And, again, we have a long-running successful model of state regulated legal sports betting right here in Nevada for other states to follow.

    If I’m a legislator from Boise or Poughkeepsie, I’m going to be asking the leagues one simple question when they try their integrity tax gambit or variations thereof:

    “Why should my state do it any other way than Nevada already does it?”
    Never confuse price with value, consensus with wisdom, or conformity with courage.

  19. #19

    Default Re: Supreme Court rules with NJ

    -120 isn’t gonna happen. Read the papers by Massachusetts and other states that state if they put the vig too high, they lose customers to illegal bookies and offshore books.

    The states will be competing with each other which will always help the price come down.
    I live in the northeast... ny and mass have plans in play.. ct and Rhode Island both are approved for betting- just have to put the final laws in place.. and obviously New Jersey wil be starting any week now.

    If they start charging too much vig, another state will lower it to get all business.

    If Nevada had a monopoly like they did and they still charge -110, what makes you think the states are gonna charge -120?!

  20. #20

    Default Re: Supreme Court rules with NJ


  21. #21

    Default Re: Supreme Court rules with NJ

    What the over/under on Monmouth to open its sports book? by this weekend? 2 weeks?
    Also how about Sands in Bethehem PA ? PA past its law in qct of 2017 was just waiting for a change in PASPA. By football season this year?

  22. #22
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Supreme Court rules with NJ

    Mississippi may have in 60 days or less................WOW.
    ​STAY FOCUSED

  23. #23

    Default Re: Supreme Court rules with NJ

    should have exchanges, lay -105, put lines up on air show deaths, hole in 1 insurance, high school football, city elections

  24. #24

    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by BenoitPaire View Post
    -120 isn’t gonna happen. Read the papers by Massachusetts and other states that state if they put the vig too high, they lose customers to illegal bookies and offshore books.

    The states will be competing with each other which will always help the price come down.
    I live in the northeast... ny and mass have plans in play.. ct and Rhode Island both are approved for betting- just have to put the final laws in place.. and obviously New Jersey wil be starting any week now.

    If they start charging too much vig, another state will lower it to get all business.

    If Nevada had a monopoly like they did and they still charge -110, what makes you think the states are gonna charge -120?!
    I think it comes down to the Integrity tax. If that goes thru, the sportsbooks will have to pass it on to the public. Maybe it won't be -120; maybe it would be -115. Minus 120 was a worst case scenario.

  25. #25

    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by Valuist View Post
    It's imminent in California, New York and Illinois. In Cali, sounds like the Indian casinos are trying to get involved. I suspect sports betting will only be allowed at either the racetracks and/or Indian casinos. It would be nice to have it like New York OTB or in the UK; just walk down the street and place a bet.

    But until we know the implementation, we can't get too excited. Laying 120 to win 100 isn't a beatable game.
    I never thought the Indian casinos had to wait for government approval of sports betting.

    But now some of the massive Indian casinos in Connecticut and California seem like a slam dunk to offer sports betting.

    Can you imagine the size of the Super Bowl parties at Foxwoods and San Manuel?

  26. #26

    Default Re: Supreme Court rules with NJ

    would not want to go to Scumbag casino or racetrack, want stand alone building or bars

  27. #27

    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by FISHHEAD View Post
    Within 5 years, IOWA will be 2nd only to NEVADA as the best state for sportsbetting.



  28. #28

    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by FairWarning View Post
    The EOG bash will be held in Gary, Indiana. Full gambling and no resort fees.
    Will JK provide bullet proof vests? Certainly no shortage of liquor stores and planned parenthood offices.

  29. #29
    EOG Dedicated The Meatman's Avatar
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    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by FISHHEAD View Post
    Mississippi may have in 60 days or less................WOW.
    The MeatMan could be moving back down south for football season.


    Dave "The MeatMan" Scandaliato

  30. #30
    Just Drawn This Way Squarepants's Avatar
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    Default Re: Supreme Court rules with NJ

    Roxy Roxborough‏ @RoxyLasVegas 10m10 minutes ago

    Those that think Washington is dysfunctional and gridlocked will be surprised how fast federal legislation comes together to regulate sports betting."
    Never confuse price with value, consensus with wisdom, or conformity with courage.

  31. #31

    Default Re: Supreme Court rules with NJ

    Pennsylvania Gov. Tom Wolf's spokesman says the new revenue from sports betting will be good for the state's budget, which has struggled through persistent deficits since the recession.
    Pennsylvania, already the nation's No. 2 commercial casino state behind Nevada, prospectively legalized sports betting last fall in an aggressive casino expansion bill. Lawmakers gave the Pennsylvania Gaming Control Board authority to regulate sports betting.
    Owners of the state's 12 licensed casinos can apply for a license for $10 million to operate sports betting in the casino, at another facility or online. The state tax rate would be 34 percent, with smaller percentages set aside for local governments where the casinos are located.
    With 12 casinos operating, Pennsylvania is the nation's No. 2 state for commercial casino revenue, behind Nevada. At $1.4 billion, it is No. 1 in tax revenue from casino gambling.

  32. #32

    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by railbird View Post
    would not want to go to Scumbag casino or racetrack, want stand alone building or bars

    the states are putting bills thru to put it on moblie devices just like nevada ( new jersey already pushing it through for its state)


    Trust me follow the money..... Like I said on EOG about 5 years ago NJ was going to get sports betting ...it did not happen fast but it happened... It will be on mobile devices...

    The states are slow with this because 5G to phones is not ready yet...everything will be up to speed in a few years. By 2023 about 32 states will have sports betting.
    It all is going to plan...forget the legal experts...... they were wrong from the start. It is all about the money.

  33. #33
    EOG Dedicated FISHHEAD's Avatar
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    Default Re: Supreme Court rules with NJ

    Quote Originally Posted by The Meatman View Post
    The MeatMan could be moving back down south for football season.


    Dave "The MeatMan" Scandaliato
    Great news for Nevada residents.

    ​STAY FOCUSED

  34. #34
    Bells Beer Connoisseur FairWarning's Avatar
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    Default Re: Supreme Court rules with NJ

    Any doubt that the first state to stiff will
    be Illinois?

  35. #35
    EOG Dedicated
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    Default Re: Supreme Court rules with NJ

    I would be willing to lay -115 if I had a legal book within walking distance.

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