Supreme Court Allows for Sports Gambling Nationwide

pjhawks · May 2018

cutz said:

The Juggler said:

cutz said:

tempo_n_groove said:

pjsteelerfan said:

tempo_n_groove said:

pjsteelerfan said:

Guess they were tired of all the money being spent on illegal gambling and decided to finally take their piece of the pie.

It won't get rid of illegal gambling, far from it.

Why am I going to go to a legal place out of my way when I can head to my local watering hole and just fill out a ticket?

I never said it would get rid of illegal gambling, just that the federal and state governments will want their cuts now.

Exactly the reason that illegal gambling will remain king.

Don't forget that the leagues are going to want a piece too!

Agree, but i also think another reason illegal gambling will still be rampant, is that you bet with a Bookey on credit, unlike legal gambling.

Agreed. I don't think it's going to change the way I bet unless I'm in AC. Why would I want to pay taxes on my winnings if I don't have to?

But AC trips just got a lot more entertaining.

Yeah, IMAGINE how AC would've been with the Eagles in the Super Bowl? I think it may have sold out every Hotel with people making it a Party weekend.

Football weekends and March Madness hotel room rates will be insane in AC.

PJ_Soul · May 2018

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

How does that work in the big picture though? If the NBA gets a cut, then shouldn't every single athlete who is bet on get a cut? There are going to be bets placed on everything, including the Olympics and shit, I would imagine. Does each athlete get a cut? Are amateurs cut out of the profits? What about individual professional athletes? They all get 1% of any bets lost on them? How will this be centralized and monitored between states? And who gets that money? The overarching organization, be it the NBA, MLB, NHL, NFL, MLS, PGA, USOC, etc)? Does it get redistributed to the players? If so, how? If not, why not?

The Juggler · May 2018

PJ_Soul said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

How does that work in the big picture though? If the NBA gets a cut, then shouldn't every single athlete who is bet on get a cut? There are going to be bets places on everything, including the Olympics and shit, I would imagine. Does each athlete get a cut? Are amateurs cut out of the profits? What about individual professional athletes? They all get 1% of any bets won on them? How will this be centralized and monitored between states? And who gets that money? The overarching organization, be it the NBA, MLB, NHL, NFL, MLS, PGA, USOC, etc)? Does it get redistributed to the players? If so, how? If not, why not?

Yeah if the league profits off of it, I would assume it would eventually be passed onto players by a larger salary cap figure.

Cliffy6745 · May 2018

pjhawks said:

cutz said:

The Juggler said:

cutz said:

tempo_n_groove said:

pjsteelerfan said:

tempo_n_groove said:

pjsteelerfan said:

Guess they were tired of all the money being spent on illegal gambling and decided to finally take their piece of the pie.

It won't get rid of illegal gambling, far from it.

Why am I going to go to a legal place out of my way when I can head to my local watering hole and just fill out a ticket?

I never said it would get rid of illegal gambling, just that the federal and state governments will want their cuts now.

Exactly the reason that illegal gambling will remain king.

Don't forget that the leagues are going to want a piece too!

Agree, but i also think another reason illegal gambling will still be rampant, is that you bet with a Bookey on credit, unlike legal gambling.

Agreed. I don't think it's going to change the way I bet unless I'm in AC. Why would I want to pay taxes on my winnings if I don't have to?

But AC trips just got a lot more entertaining.

Yeah, IMAGINE how AC would've been with the Eagles in the Super Bowl? I think it may have sold out every Hotel with people making it a Party weekend.

Football weekends and March Madness hotel room rates will be insane in AC.

No down season. Big fan of winter Borgata. Not anymore, though the sports book will be sweet. Sports book will be ready pretty much immediately. Think they were basically doing construction already for it.

That said, more competition with Revel and Hard Rock coming.

https://www.youtube.com/watch?v=I0eZwpHtcK4

Cliffy6745 · May 2018

The Juggler said:

PJ_Soul said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

How does that work in the big picture though? If the NBA gets a cut, then shouldn't every single athlete who is bet on get a cut? There are going to be bets places on everything, including the Olympics and shit, I would imagine. Does each athlete get a cut? Are amateurs cut out of the profits? What about individual professional athletes? They all get 1% of any bets won on them? How will this be centralized and monitored between states? And who gets that money? The overarching organization, be it the NBA, MLB, NHL, NFL, MLS, PGA, USOC, etc)? Does it get redistributed to the players? If so, how? If not, why not?

Yeah if the league profits off of it, I would assume it would eventually be passed onto players by a larger salary cap figure.

Methinks you underestimate old white guy's greediness. I would assume work stoppages.

Eventually some will get to players for sure though.

cutz · May 2018

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

I'm guessing that it's up to the State if they want give a percentage or not. The X- NJ Governor(Who was the one who wanted gambling in NJ when he was in office) was on the radio this morning and was asked that question and he said he doubts that NJ will give the NBA , or any other League a cut of the pie. I think NJ, and again, my guess, and other States will give the Leagues as much money as Las Vegas gives them now and that would be.............................. ZERO!!

Cliffy6745 · May 2018

cutz said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

I'm guessing that it's up to the State if they want give a percentage or not. The X- NJ Governor(Who was the one who wanted gambling in NJ when he was in office) was on the radio this morning and was asked that question and he said he doubts that NJ will give the NBA , or any other League a cut of the pie. I think NJ, and again, my guess, and other States will give the Leagues as much money as Las Vegas gives them now and that would be.............................. ZERO!!

Why would it be up to the states? That just means the league won't be getting any of the taxed revenue, which, no crap. If DraftKings or any other books wants to provide the leagues a cut, then that's up to them. Certainly see a pretty big benefit in a book being the "Official Partner of the NBA" or something along those lines. Wonder if leagues would sue to only allow certain types of betting with certain companies that could be more regulated, also giving them a cut.

PJ_Soul · May 2018

Isn't it a huge conflict of interest for athletes or leagues to get a cut??

Cliffy6745 · May 2018

PJ_Soul said:

Isn't it a huge conflict of interest for athletes or leagues to get a cut??

No, how? Horse racing owners and jockey's basically get a cut....

PJ_Soul · May 2018

Cliffy6745 said:

PJ_Soul said:

Isn't it a huge conflict of interest for athletes or leagues to get a cut??

No, how? Horse racing owners and jockey's basically get a cut....

Well I was thinking it could lead to cheating/fixing/corruption, obviously. I have no clue what's going on with horse racing as far as that goes. Do jockeys ever throw races? Do any of them or the horse owners own or invest in the track or any establishments through which those bets are brokered? I don't know.
Another difference there is that those horse owners and jockeys aren't operating under the same kind of system as other professional athletes. I mean, LeBron James gets his multi-million dollar pay cheques whether he wins a game or not, and the arena rakes in money whether the game is won or not. That isn't the case for jockeys and horses. They actually have to WIN to get a portion of the purse as far as I know. It's not like the team that came in last in a horse race still takes home a part of the pot.
But you made me look into how horse racing has been handled since race tracks lost total control over the races they hosted (the equivalent of arenas hosting bets, which would never be the case, and what I first thought could distinguish that sport from others). I found this:

"Live on-track and off-track simulcast betting contribute greatly to the purse, but with the advent of online and television-betting services, horsemen are losing their share of the gaming profits. Services like YouBet.com provide members the ability to watch and, in most states, the ability to wager on a wide selection of horse races. Some sites even broadcast racing, allowing members to watch live races from their home computers. Money wagered through online accounts is combined with existing racetrack pools, so the wagering provider pays full track odds on all wagers placed. Some Internet wagering providers charge membership fees, surcharges and require minimum bets, making it more expensive and complicated to place bets. What is gained in accessibility and convenience is lost financially, shrinking both bettors’ and horsemen’s pocketbooks.

“Wagering providers that don’t conduct live racing do not support a purse structure, giving them an unfair operating advantage over racetracks,” said Corey Johnsen, President of Kentucky Downs.

With racetracks rapidly losing money to at-home wagering providers, horsemen are suffering as well. Gaming expansion has helped to curb this discrepancy in many states. Slots and other types of casino gaming provide so much supplemental income to racetracks that they have been dubbed “racinos.” A percentage of the gaming profits are added to the racing purses, pumping money back into the horse industry. Casino games also attract new people to the track who may have never had an interest in horseracing before. Bringing in fresh blood is important to the industry, which has been declining in popularity for decades. Desperate racetracks are seeking desperate measures to make up for the losses in horse sales, track attendance and earnings."

https://gaminganddestinations.com/purse-distribution-who-gets-the-money-in-horseracing/

pjhawks · May 2018

Cliffy6745 said:

cutz said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

I'm guessing that it's up to the State if they want give a percentage or not. The X- NJ Governor(Who was the one who wanted gambling in NJ when he was in office) was on the radio this morning and was asked that question and he said he doubts that NJ will give the NBA , or any other League a cut of the pie. I think NJ, and again, my guess, and other States will give the Leagues as much money as Las Vegas gives them now and that would be.............................. ZERO!!

Why would it be up to the states? That just means the league won't be getting any of the taxed revenue, which, no crap. If DraftKings or any other books wants to provide the leagues a cut, then that's up to them. Certainly see a pretty big benefit in a book being the "Official Partner of the NBA" or something along those lines. Wonder if leagues would sue to only allow certain types of betting with certain companies that could be more regulated, also giving them a cut.

right now it is up to each individual state but the leagues have been lobbying with the federal gov't for the past few years. Eventually the federal government will put in some regulations on it forcing each state to do the same. In the short term the states will be free to do whatever the hell they want. thus why NJ is taxing at a much lower % than PA will be.

as for the NBA and the players the union contract gives the players a % of league revenues (i think baseball is the same way but not sure about football and basketball) and this gambling money would fall into that pool.

Interesting question raised about the individual sports and if/how the players could receive compenation from it. Not sure how that works in England.

cutz · May 2018

Cliffy6745 said:

cutz said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

I'm guessing that it's up to the State if they want give a percentage or not. The X- NJ Governor(Who was the one who wanted gambling in NJ when he was in office) was on the radio this morning and was asked that question and he said he doubts that NJ will give the NBA , or any other League a cut of the pie. I think NJ, and again, my guess, and other States will give the Leagues as much money as Las Vegas gives them now and that would be.............................. ZERO!!

Why would it be up to the states? That just means the league won't be getting any of the taxed revenue, which, no crap. If DraftKings or any other books wants to provide the leagues a cut, then that's up to them. Certainly see a pretty big benefit in a book being the "Official Partner of the NBA" or something along those lines. Wonder if leagues would sue to only allow certain types of betting with certain companies that could be more regulated, also giving them a cut.

Because the Supreme court ruled it that way(It's up to each State to set it up the way they want or if they even want to have Gambling in their State). I saw NJ Representative Frank LoBiondo interviewed and he said that NJ will NOT be giving up any money to the Leagues. Also said: Why would NJ give up any money to Leagues that sued them trying to prevent Gambling in the State? And like the Representatives have said Nevada doesn't have to do it so why should NJ/other States have to? I think the Federal Government will have step in before States give up any revenue. Unless, a State/s decide to do that on their own, which i don't know why they would.

I can see Casinos paying to advertise with the Leagues. I can also see Leagues suing only to allow certain types of betting too.

This should be interesting to find out how all of this plays out. Right now, i'm hearing that you'll be able to place bets on Memorial day in NJ. I know Monmouth Park has been, basically all set up when NJ approved Gambling years ago. We shall see.

Indifference71 · May 2018

cutz said:

Cliffy6745 said:

cutz said:

pjhawks said:

PJ_Soul said:

Sorry, I don't think I've read this whole thread. Has everyone already discussed how the NBA is claiming they have a right to some of the proceeds of gambling on the NBA now? What do you folks think about that? I think it's absolutely fucking stupid myself. I'm curious to hear arguments for it though.

Yes I believe they deserve to take a cut. i think they are asking for 1%. I find that reasonable. it's their game they should benefit from it. secondly it will force them into more oversight into doing everything they can to keep the integrity of the game as fair as possible.

I'm guessing that it's up to the State if they want give a percentage or not. The X- NJ Governor(Who was the one who wanted gambling in NJ when he was in office) was on the radio this morning and was asked that question and he said he doubts that NJ will give the NBA , or any other League a cut of the pie. I think NJ, and again, my guess, and other States will give the Leagues as much money as Las Vegas gives them now and that would be.............................. ZERO!!

Why would it be up to the states? That just means the league won't be getting any of the taxed revenue, which, no crap. If DraftKings or any other books wants to provide the leagues a cut, then that's up to them. Certainly see a pretty big benefit in a book being the "Official Partner of the NBA" or something along those lines. Wonder if leagues would sue to only allow certain types of betting with certain companies that could be more regulated, also giving them a cut.

Because the Supreme court ruled it that way(It's up to each State to set it up the way they want or if they even want to have Gambling in their State). I saw NJ Representative Frank LoBiondo interviewed and he said that NJ will NOT be giving up any money to the Leagues. Also said: Why would NJ give up any money to Leagues that sued them trying to prevent Gambling in the State? And like the Representatives have said Nevada doesn't have to do it so why should NJ/other States have to? I think the Federal Government will have step in before States give up any revenue. Unless, a State/s decide to do that on their own, which i don't know why they would.

I can see Casinos paying to advertise with the Leagues. I can also see Leagues suing only to allow certain types of betting too.

This should be interesting to find out how all of this plays out. Right now, i'm hearing that you'll be able to place bets on Memorial day in NJ. I know Monmouth Park has been, basically all set up when NJ approved Gambling years ago. We shall see.

This is what I don't understand. Nevada doesn't give the leagues shit, but now they want a cut of it?? Without gambling, most of these leagues would not be nearly as popular as they currently are....especially college football and the NFL.

mcgruff10 · May 2018

pjhawks said:

Meltdown99 said:

Does this allow for single game sports betting? A local politician has been trying to get single game betting in Canada for years...

yes. currently only Vegas has it legally in the US but each state can now make their own decision on offering it. At least 5 states already have laws on their books allowing it now that the federal ban has been lifted. New Jersey should have it rolling within a month or two. Others states to follow.

They had a guy from Monmouth Park on WFAN this morning and he said they should be ready to go on May 25th. (Unless of course NJ shuts them down.)

MayDay10 · May 2018

tbergs said:

MayDay10 said:

I like it. Im a supporter of legal and regulated gambling, prostitution, and also certain drugs.

I just hope it doesnt alter the live game experience where we have live gambling, teller windows, everyone in attendance focused only on their bets and cheering/rooting accordingly. All I can picture is live sports becoming similar to attending horse racing.

I also hope it doesnt increase the perceived "need" to dissect every millimeter with instant replay.

I stopped online gambling. Too much of a pain funding my account as well as taking funds away. When GW Bush put his ignorant foot down on online poker, I lost over a hundred bucks (actually got lucky as I made a withdrawal before it happened).... so I never liked to keep funds in my account for long. Paying international charges on my CC.... bad/clunky interfaces. Security concerns, etc.

Legal domestic gambling, I will certainly participate in

Really? I feel like this is just one step closer to the utter collapse of decency and makes Back to the Future II's future more possible. We already have President Biff and the continued push for sex, drugs and money in our society just seems to be getting more extreme.

The "collapse of decency" has happened long ago... with the rise of our species

I like personal freedoms. I would like to be able to put a wager on a game or 2. I did so anyways, but felt I was at risk for fraud and have heard some horror stories from people trying to get paid out. People will gamble either way

Marijuana? Its like a tiny fraction of the potency/issue of some prescription drugs actively pushed on people and not monitored. Prisons are crowded enough without incarcerating people due to marijuana nonsense. Take all those resources and focus on the true epidemic, and thats the Opioid Crisis. Legalizing would also negatively affect crime organizations including the Mexican cartels. It would create revenue for the government. I know people who have gotten into some very sketchy/dangerous situations buying marijuana. Not at a dispensary. People will smoke either way.

Prostitution would also create a regulated and taxed marketplace that is safer for the consumer as well as the worker. It kicks the legs out of a good amount of underground sketchiness/crime. Workers and consumers can get tested. Transactions can be done safely. Prostitution will exist either way.

Degenerates will degenerate.

JOEJOEJOE · May 2018

I am surprised the Vegas lobby hasn't spoken out on this issue yet.

PJ_Soul · May 2018

I strongly believe that "decency" is far more lacking in most of the institutions that are generally considered to be on the up and up. Before worrying about whatever lack of decency legal gambling may bring (none, IMO), I think it would be better to worry about the indecency propagated by corporations, governments - all those who are running the show that we vote for and hand our money to, and which the so-called "decent" portion of society fully embraces, or at least tolerates, on a daily basis without batting an eyelash.

Supreme Court Allows for Sports Gambling Nationwide

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