Announcement

Collapse
No announcement yet.

Supreme Court rules with NJ

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • #46
    Re: Supreme Court rules with NJ

    Originally posted by DeadBishop View Post
    I just found this: you would think they should of had this ready to go. Not sure how long this will take. plus WTF 36% ???

    Gov. Tom Wolf already signed a law regulating sports betting in Pennsylvania, should it become legal at the federal level. The Supreme Court's decision means the state law can now go into effect. Under the law, Pennsylvania would tax sports betting at a 36% rate.
    Regulators aren't saying when sports betting will begin legally in the state. The Pennsylvania Gaming Control Board said its staff must first write regulations that the agency's seven-member board must approve.
    The Pennsylvania Gaming Control Board issued the following statement:

    "The Gaming Expansion legislation, Act 42 of 2017, did specifically authorize Sport Wagering by the Commonwealth's land-based casinos when a Federal court decision was reached that permits a state to regulate sports wagering. The Board is reviewing the court opinion in its entirety to properly understand the full opinion.
    The Pennsylvania legislature saw Sports Wagering as a key element of overall gaming expansion, and took the initiative prior to this decision to authorize Sports Wagering which does provide some guidelines on implementation. The next step for Pennsylvania would be for our staff to draft appropriate regulations and seek approval of those regulations by the Board. At this time, we cannot provide a timetable on the completion and approval of these regulations or the launch of Sports Wagering in Pennsylvania."


    In economic classes other than at Cal Berkeley, they would teach that all recreation activities should be taxed at the same rate for max efficiency, and not have government bureaucrats make decisions about what is or isn't a positive activity.

    Comment


    • #47
      Re: Supreme Court rules with NJ

      Interesting to see what happens in Florida.

      Comment


      • #48
        Re: Supreme Court rules with NJ

        36%? Doesn’t that read as if the commonwealth hasn’t done its homework and thinks they’re going two fist in on a money grab? At 36% tax, what juice does a book have to offer to secure a margin?

        Comment


        • #49
          Re: Supreme Court rules with NJ

          Originally posted by DeadBishop View Post
          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?

          Monmouth = 2 weeks

          Comment


          • #50
            Re: Supreme Court rules with NJ

            Originally posted by DeadBishop View Post
            I just found this: you would think they should of had this ready to go. Not sure how long this will take. plus WTF 36% ???

            Gov. Tom Wolf already signed a law regulating sports betting in Pennsylvania, should it become legal at the federal level. The Supreme Court's decision means the state law can now go into effect. Under the law, Pennsylvania would tax sports betting at a 36% rate.
            Regulators aren't saying when sports betting will begin legally in the state. The Pennsylvania Gaming Control Board said its staff must first write regulations that the agency's seven-member board must approve.
            The Pennsylvania Gaming Control Board issued the following statement:

            "The Gaming Expansion legislation, Act 42 of 2017, did specifically authorize Sport Wagering by the Commonwealth's land-based casinos when a Federal court decision was reached that permits a state to regulate sports wagering. The Board is reviewing the court opinion in its entirety to properly understand the full opinion.
            The Pennsylvania legislature saw Sports Wagering as a key element of overall gaming expansion, and took the initiative prior to this decision to authorize Sports Wagering which does provide some guidelines on implementation. The next step for Pennsylvania would be for our staff to draft appropriate regulations and seek approval of those regulations by the Board. At this time, we cannot provide a timetable on the completion and approval of these regulations or the launch of Sports Wagering in Pennsylvania."


            There's a 30% takeout on tris and supers at Parx. Nothing would surprise me there.

            Comment


            • #51
              Re: Supreme Court rules with NJ

              How great is this for the bettors. Knowing each state is going to have to shade the lines against their local team, someone in Zion Illinois could take the Packers -11 and drive up to Kenosha and get the Bears +15. Built in middles on every state line
              I LET THE DOGS OUT

              Comment


              • #52
                Re: Supreme Court rules with NJ

                Originally posted by Almost Allright View Post
                36%? Doesn’t that read as if the commonwealth hasn’t done its homework and thinks they’re going two fist in on a money grab? At 36% tax, what juice does a book have to offer to secure a margin?
                I read this as 36% of profit.

                Comment


                • #53
                  Re: Supreme Court rules with NJ

                  Originally posted by SpottedCow View Post
                  How great is this for the bettors. Knowing each state is going to have to shade the lines against their local team, someone in Zion Illinois could take the Packers -11 and drive up to Kenosha and get the Bears +15. Built in middles on every state line
                  Depends on the pool it goes into. If Will Hill is running it in both states, I suspect it goes into the common Will Hill pool, same as throughout Nevada. But it'll be fun to see how this all plays out.

                  Comment


                  • #54
                    Re: Supreme Court rules with NJ

                    Originally posted by fifty cint View Post
                    Monmouth = 2 weeks



                    people just started to camp outside ...they can't wait to bet.

                    Comment


                    • #55
                      Re: Supreme Court rules with NJ

                      Per an @DavidPurdum retweet of an @thehill tweet, Senator Orrin Hatch is to introduce an anti-sports betting bill (which is not a law).

                      Can't copy the link quickly on my phone.

                      Between the bible thumpers on the right and the nanny staters on the left ("we have to protect the children"), I just wish the government would leave us the fuck alone.
                      Never confuse price with value, consensus with wisdom, or conformity with courage.

                      Comment


                      • #56
                        Re: Supreme Court rules with NJ

                        Originally posted by Squarepants View Post
                        Per an @DavidPurdum retweet of an @thehill tweet, Senator Orrin Hatch is to introduce an anti-sports betting bill (which is not a law).

                        Can't copy the link quickly on my phone.

                        Between the bible thumpers on the right and the nanny staters on the left ("we have to protect the children"), I just wish the government would leave us the fuck alone.



                        agree SP

                        Comment


                        • #57
                          Re: Supreme Court rules with NJ

                          President Ronald Reagan had it right when he said the government's role should be to protect the people from the people (police, fire, safety issues, scammers etc.); the government's role is not to protect the people from themselves, thus allowing adults to act and move freely.

                          Comment


                          • #58
                            Re: Supreme Court rules with NJ

                            Link to the article about Senator Hatch's proposed bill to regulate sports betting at the federal level:

                            http://thehill.com/blogs/floor-actio...-supreme-court

                            Comment


                            • #59
                              Re: Supreme Court rules with NJ

                              Orrin Hatch's retirement cannot come soon enough.

                              Comment


                              • #60
                                Re: Supreme Court rules with NJ

                                the decision today came 25-30 years too late for many bettors outside of nevada. Offshore post up still runs it better. More serious bettors will still use solid post up offices. PPH credit will lose some business for sure though down the road.

                                Comment

                                Working...
                                X