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  • Offshore Sports Gambling

    Now that sports gambling has become legal in the United States, does that mean the offshores can legally take our action? More importantly, Pinnacle? Back in the day it was my favorite. Great juice lines, payouts right to my bank. Will they start taking US Citizens again?

    Thanks for your knowledge!

  • #2
    Re: Offshore Sports Gambling

    Originally posted by BigBlind View Post
    Now that sports gambling has become legal in the United States, does that mean the offshores can legally take our action? More importantly, Pinnacle? Back in the day it was my favorite. Great juice lines, payouts right to my bank. Will they start taking US Citizens again?

    Thanks for your knowledge!
    No it doesn't mean that. They still will, but not legally.

    Comment


    • #3
      Re: Offshore Sports Gambling

      The Unlawful Internet Gambling Enforcement Act of 2006 is still in place.

      The UIGEA prohibits gambling businesses from knowingly accepting payments in connection with the participation of another person in a bet or wager that involves the use of the Internet and that is unlawful under any federal or state law.

      In the spring of 2011, the United States Attorney in New York indicted the founders of the three largest onlike poker sites (PokerStars, Full Tilt Poker and Absolute Poker) on violations of the UIGEA.

      Everything happens gradually.

      I can see sports betting being launched in New Jersey and Pennsylvania and if that runs smoothly, there will be a relaxing of the rules and regulations governing other jurisdictions.

      Of course, the American-based gaming companies will try to discourage competition from elsewhere, much like FanDuel and Draft Kings succeeded in doing in the world of fantasy sports.

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      • #4
        Re: Offshore Sports Gambling

        I would love to see some offshores get let in. They run it better than vegas books overall. I can't see the offshores coming in getting part of the pie. Why would legal books want to have them come in? Legal books/leagues want to choke the bettors as much as possible. Too much greed.

        Comment


        • #5
          Re: Offshore Sports Gambling

          The leagues need to take a piece of the handle, not a piece of the profits to steer clear from any conflicts of interest.

          And that's a small piece of the handle in order to grow the handle and keep the pricing competitive.

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          • #6
            Re: Offshore Sports Gambling

            With the US going to be getting sports betting revenue from states other than Nevada, I think one can make the case the Feds may target the offshores more than ever. They want that money staying here, not going to the Caribbean or Central America.

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            • #7
              Re: Offshore Sports Gambling

              I would have thought the crackdown would have come in anticipation of the Supreme Court's green light to legalize sports betting.

              The Feds have more pressing needs than to chase down legitimate gambling enterprises in faraway places.

              Besides, I would argue the Internet is a borderless entity.

              Comment


              • #8
                Re: Offshore Sports Gambling

                Originally posted by John Kelly View Post
                I would have thought the crackdown would have come in anticipation of the Supreme Court's green light to legalize sports betting.

                The Feds have more pressing needs than to chase down legitimate gambling enterprises in faraway places.

                Besides, I would argue the Internet is a borderless entity.
                No doubt about that but it hasn't stopped them in the past.

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                • #9
                  Re: Offshore Sports Gambling

                  Originally posted by John Kelly View Post
                  The leagues need to take a piece of the handle
                  No. That cost gets passed on to the customer, and if the competition is offshore, they need to at least remain somewhat competitive. Mark Cuban is probably off with his evaluation that the value of every professional sports franchise just doubled with the legalization of gambling, but it's hard to argue the leagues will certainly be more profitable even without a direct stake in the wagering pool.
                  Any contributions greatly appreciated
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                  • #10
                    Re: Offshore Sports Gambling

                    Originally posted by Valuist View Post
                    With the US going to be getting sports betting revenue from states other than Nevada, I think one can make the case the Feds may target the offshores more than ever. They want that money staying here, not going to the Caribbean or Central America.
                    Guaranteed to happen.
                    How you better than somebody? Cuz you said so? Naw man, don't work that way. Sun shine on everybody ass just the same. Get up off your chair and get some.

                    Captain Old Earl Johnson Natchez Miss.

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                    • #11
                      Re: Offshore Sports Gambling

                      Originally posted by MrTop View Post
                      I would love to see some offshores get let in. They run it better than vegas books overall. I can't see the offshores coming in getting part of the pie. Why would legal books want to have them come in? Legal books/leagues want to choke the bettors as much as possible. Too much greed.
                      I am sure Bookmaker has looked into this...flood gates have opened....
                      Everyone dies......but not everyone lives.....

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                      • #12
                        Re: Offshore Sports Gambling

                        internet borderless agree..... but the US Just. dept. and some 3 letter names go much further when they want to. IRS is even going into swiss accounts these days. Feds went into FiFA Headquarters and slapped the cuffs on in zurich Switzerlandfor fixing things in 2015


                        their arm reaches quite far

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                        • #13
                          Re: Offshore Sports Gambling

                          It's a crying shame that citizens north and south of the U.S. borders have more freedom to gamble than Americans in a country founded on liberty and free will, risk and reward.

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                          • #14
                            Re: Offshore Sports Gambling

                            agree JK. I wish I could play with pinny , greek and matchbook like the old days... I really feel what happened with the decision was planned for a long time. It seems like someone told NJ to put in the paperwork 5-6 years ago to get things started.

                            Comment


                            • #15
                              Re: Offshore Sports Gambling

                              The timing seems to be perfect, MrTop.

                              Here's hoping professional sports leagues are able to team with gaming partners to satisfy all segments of the gambling public from the $5 bettor to the $5,000 bettor and beyond.

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