New Jersey went to Federal court to have the Professional and Amateur Sports Protection Act overturned.
It was announced today that the Supreme Court ruled the act as unconstitutional and that each state can now decide to legalize sports betting.
Will be interesting to follow and see if other states now start offering sports betting!!
https://www.usatoday.com/story/news/...ey/1053022001/
Per US Supreme Court:Originally Posted by Daly
"Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own."
Bring it on California!!
mob has to be pissed about these developments especially once online wagering is live...
cant think of any reason to bet with a bookie once you can do it online...I mean credit would be the only thing, but that just opens up a can you don't want to open up...
No paper trail for tax reasons or to hide from spouse but yeah they definitely can't be happy about it.
No paper trail for tax reasons or to hide from spouse but yeah they definitely can't be happy about it.
Will definitely keep bookies going.
I think you guys are completely wrong about this. The law change is going to remove the stigma from sports betting. The municipals are going to advertise the shit out of this. It's going to open up a legion of sports bettors to the "hobby".No paper trail for tax reasons or to hide from spouse but yeah they definitely can't be happy about it.
As the market grows and eventually gets more sophisticated the public will figure out what a joke it is paying taxes on winnings. Then they are going to reconcile the fact they are paying the State of NJ .20when they can use a local at .10 or .05. Integrity fee my fucking ass.
Bookies are thrilled today.
Good for New Jersey good for Atlantic City, and every other State that should be able to offer sports betting imo..
Gonna put a hurt on Vegas imo
Thumbs up, maybe some impact on online poker in some way as well?
Welcome to the 21st century, USA! “The land of the free” one step closer to freedom.
I believe I read somewhere in 2017 that the sports books made up only 5.1% of casinos revenue.
Not a small chunk of change, but they'll be able to make it up somewhere else.
Resort fees maybe? LOL
The same companies who own the casinos own the casinos in other states too, they’re gonna gain from this not lose.I believe I read somewhere in 2017 that the sports books made up only 5.1% of casinos revenue.
Not a small chunk of change, but they'll be able to make it up somewhere else.
Resort fees maybe? LOL
this will obviously be an uptick for AC, but if people down there are thinking this will save them they're outta their fucking minds...
PA is definitely going to be legalizing sports betting fairly soon after NJ does and id be willing to bet NY wont be far behind...so if you have mobile betting in philly and NYC there is no reason to make a special trip to AC to bet...also if they open up mobile betting in NJ or corner shops in Hoboken, NYC residents will definitely have no reason to go down to shitty AC...
Not quite correct. It’s a monster handle with slim hold. This is the way god intended. Still quite large.I believe I read somewhere in 2017 that the sports books made up only 5.1% of casinos revenue.
Not a small chunk of change, but they'll be able to make it up somewhere else.
Resort fees maybe? LOL
The observation that many states already have casinos experienced in sports wagering is a good one.
Unfortunately state legislators are imbeciles and will not listen to the casinos to see what has been refined over 50 years. Greedy politicians with no business sense will see this as some windfall and fuck it up. This is a mortal lock.
Legislation, light or otherwise, is never a good thing. Sorry Druff
I could be wrong. There is always a first time for everything.
Last edited by Sanlmar; 05-14-2018 at 08:42 AM.
$3.1 in penny slots, god bless America. thats a lot of social security payments.
won't this put every marginal off shore book out of business in the next fews years? may take them all down. Locals gonna hurt as well.
Penny slots will someday be replaced by e-sports type gaming. The blue haired ladies are dying off and kids have no patience for slots
This is all part of the big casinos in Vegas will die scenario. It’s in my book.
Your favorite US facing online book will become just a memory as legalization ramps up. State legislators will juice the shit out of the state sports wagering offerings.
Said it before, “this is the golden age of sports wagering”. Crypto and smooth online. It was a good run.
Your only profitable option will be the “Mob” or small time guys with skins of apps.
I would advise your local Mob guy to just chill. He will be the price leader in short order.
There's no 'non-penny slots' category...are they just calling all slots 'penny slots'?
man it's been too long since I was at the evil empire but I was actually stunned at the amount of revenue and wagering done on the penny slots...something like 14-16% hold if memory serves...
saw people banging away at those penny slots at $2-3/spin and thought, 'you guys are fucking retarded'...but people would rather play a 10,000 line machine at a penny denom instead of a 8-12 line at a quarter...
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