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Supreme Court rules with NJ

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  • #16
    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.

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    • #17
      Re: Supreme Court rules with NJ

      Are the touts salivating
      "Religious bondage shackles and debilitates the mind, and unfits it for every noble enterprise." ---- James Madison

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      • #18
        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.

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        • #19
          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?!

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          • #20
            Re: Supreme Court rules with NJ

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            • #21
              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?

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              • #22
                Re: Supreme Court rules with NJ

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

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                • #23
                  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

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                  • #24
                    Re: Supreme Court rules with NJ

                    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.

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                    • #25
                      Re: Supreme Court rules with NJ

                      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?

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                      • #26
                        Re: Supreme Court rules with NJ

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

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                        • #27
                          Re: Supreme Court rules with NJ

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


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                          • #28
                            Re: Supreme Court rules with NJ

                            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.

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                            • #29
                              Re: Supreme Court rules with NJ

                              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

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                              • #30
                                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.

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