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Supreme Court rules with NJ

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  • Re: Supreme Court rules with NJ

    Originally posted by OMNISCIENT NEWT View Post
    Lets leave aside for just a second the notion that Pinny might not want to run afoul of the hyper-aggressive US government.

    On a much more business-focused note, why on earth would Pinny want to get in the Bitcoin business? They take a $1000 bitcoin deposit from a donkey bettor. Said donkey bets badly & Pinny nets $1000, right? Nope. Pinny gets whatever they can cash out their bitcoin deposit back into dollars, which given recent bitcoin volatility may be anywhere from a $4000 loss to a $4000 gain at any given moment.





    Its not all "they don't want us". Bitcoin is great for speculation, but until it stabilizes as a currency, it sucks for business. Its like funding your account with a penny stock. I realize bettors get all wiggly on shit like that ("i might make even more!"), but its a terrible business decision.




    agree pinny does not want to rock the boat.... U.S gov knows how & when to push any piece on the chessboard if they desire . Just ask Gaddafi & saddam.

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    • Re: Supreme Court rules with NJ

      Originally posted by FairWarning View Post
      Buying some Boyd Gaming and Caesers stocks today.
      I bought Disney yesterday. Barron's wrote something about them a couple weeks ago. They prefer them over Netflix going forward. Falling subscribers for ESPN has been the only headwind for the company. I don't like ESPN, but they are the sure winner here. It doesn't matter who gets the licenses; there will be more eyeballs on the games.

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      • Re: Supreme Court rules with NJ

        Purdum tweeted out W-Hill will offer same betting menu as they offer in Vegas..

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        • Re: Supreme Court rules with NJ

          Originally posted by pippy View Post
          Purdum tweeted out W-Hill will offer same betting menu as they offer in Vegas..

          One of the more attractive menus in Las Vegas but still plenty of room for more creative offerings.

          Regular-season win totals should be updated daily.

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          • Re: Supreme Court rules with NJ

            Opening for May 28th Monmount park will be delayed.
            I was already setting up a weekend down there lol.


            https://www.app.com/story/sports/hor...old/616246002/

            OCEANPORT - Monmouth Park officials said they are delaying the launch of sports betting at the request of state lawmakers, scuttling work to begin taking wagers on sports such as baseball and basketball on May 28.
            Instead, the track will only conduct ceremonial wagering that day, with plans to have Gov. Phil Murphy and other politicians participating.
            Dennis Drazin, president and CEO of Darby Development LLC, which operates Monmouth Park, on Wednesday said the decision to delay opening sports betting to the public was made in consultation with Senate President Stephen Sweeney, D-Gloucester.
            Sweeney asked for time to allow lawmakers to establish regulations for the new venture, Drazin said.
            "I spoke to Senator Sweeney and he asked me to wait,'' Drazin said. "We won't take bets from the general public until the legislature says we can.
            "Our current plan is to do the ceremonial betting May 28 with Senator Lesniak (former state Senator Ray Lesniak), Governor Murphy and Governor Christie (former governor Chris Christie), if we can get them all together.''



            Sweeney is the sponsor of a bill (S2602) regulating sports betting that includes a passage prohibiting issuance of licenses to operate a sports book "to any person that operated a sports pool within one year prior to the enactment of this act."
            The existence of the passage was first reported by NJ Advance Media. The Senate doesn't have a voting session until June 7.
            Sweeney in a statement issued by his office promised to "move quickly to get the law in place.''
            "But it has to be done right, with the regulations, oversight and financing in place. I expect to have the sports betting legislation approved by the Senate at our next session on June 7th so that sports gaming in New Jersey is up and running as soon as the governor signs the bill,'' Sweeney said. "New Jersey will continue to be the leader on sports betting but we want to ensure its long-term success with the right rules and procedures in place.”

            Drazin had told Gannett New Jersey on Tuesday and again Wednesday morning that Monmouth Park was set to launch sports betting May 28 after a U.S. Supreme Court on Monday paved the way to allow gambling on sporting events at racetracks and casinos in the state.

            However, Drazin has said all along he will comply with the legislative process while the state legislature drafts legislation regulating the sports betting.

            "I'm going to do exactly what they want me to do,'' Drazin said. "I fully support the governor and the legislature. I want us all to be together on this. I'm told it will be early June (when the legislation is done). I'm willing to wait.''


            Steven Falk: 732-643-4267; sfalk@gannettnj.com

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            • Re: Supreme Court rules with NJ

              I hope something like predictit pops up. Amazing that one can legally bet on politics and pay a lower vig than sportsbetting.
              "Once you in it, you in it. If it's a lie, then we fight on that lie, but we gotta fight"
              -Slim Charles (also the new motto of pregame.com)

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              • Re: Supreme Court rules with NJ

                Originally posted by Inkwell77 View Post
                I hope something like predictit pops up. Amazing that one can legally bet on politics and pay a lower vig than sportsbetting.
                Actually i should say the predict it fees are also way too high, but the setup is perfect imo for a sports betting marketplace.
                "Once you in it, you in it. If it's a lie, then we fight on that lie, but we gotta fight"
                -Slim Charles (also the new motto of pregame.com)

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                • Re: Supreme Court rules with NJ

                  be fun to bet on volcanoes and weather

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                  • Re: Supreme Court rules with NJ

                    earthquakes

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                    • Re: Supreme Court rules with NJ

                      over and under on how many starts tom brady makes, stuff like that. how Dominicans will get suspended?

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                      • Re: Supreme Court rules with NJ

                        Originally posted by railbird View Post
                        over and under on how many starts tom brady makes, stuff like that. how Dominicans will get suspended?
                        Could set up an Over/Under on number of tweets per week by POTUS.

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                        • Re: Supreme Court rules with NJ

                          Here are the sports betting rules in Mississippi.

                          No integrity fee.

                          I will be there after the Belmont to see how the action is!

                          http://www.theadvocate.com/baton_rou...615ce32fb.html


                          Dave "The MeatMan" Scandaliato

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                          • Re: Supreme Court rules with NJ

                            Travel safely, Dave.

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                            • Re: Supreme Court rules with NJ

                              Originally posted by The Meatman View Post
                              Here are the sports betting rules in Mississippi.

                              http://www.theadvocate.com/baton_rou...615ce32fb.html


                              Dave "The MeatMan" Scandaliato
                              Hilarious that this crap would even be floated. Seems to have been written by a complete moron.

                              "▪ Collegiate or professional coaches and athletes can't bet on their teams." So I guess its OK for them to bet against their teams. Also betting is OK for umpires, athletic directors, trainers and pro owners?

                              "The Gaming Commission executive director can authorize electronic wagering within a casino and its hotel facility on mobile devices, once the player establishes an account, and only while on the property." Does this include the parking lot? Its going to be very hard to determine if you are on the property.

                              "The federal tax on winnings is 25 percent for individuals." For 2018, there isn't even an individual 25% federal tax bracket. Obviously, the marginal federal tax rate depends on your other income and deductions. However, I'm somewhat confident that the books will know that they either pass on to the bettor or will themselves have to pay the 0.25% federal tax on the gross handle.

                              "▪ For any wager or payout over $10,000, the better's name, …" For God's sake, the writer doesn't even know how to spell "bettor".

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                              • Re: Supreme Court rules with NJ

                                I nominate ComptrBob for the new position in Donald Trump's Cabinet: Secretary of Sports Betting.

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