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Supreme Court strikes down federal anti sports gambling law

The 12th Man : 5/14/2018 10:17 am
States can start to allow betting on sports.
Death to the bookie  
est1986 : 5/14/2018 10:22 am : link
Everyone can go to a casino and bet on sports now... in a few years you will probably be able to bet the sports game at your local convenience store like you play numbers
It only took the US government 100 years  
est1986 : 5/14/2018 10:23 am : link
.
Its about  
jvm52106 : 5/14/2018 10:32 am : link
damn time.
Damn, next thing they'll  
section125 : 5/14/2018 10:39 am : link
legalize marijuana....
How does this affect Las Vegas?  
Eli Wilson : 5/14/2018 10:40 am : link
A friend of mine (and some of his friends) make an annual trek to Las Vegas every year - week 1 of the NCAA tournament just to bet on the opening round games. I assume they would lose a lot of that type of business, if they could just do this from a sports bar or something.
This will hopefully help  
bubba0825 : 5/14/2018 10:42 am : link
Atlantic City
RE: Death to the bookie  
Eman11 : 5/14/2018 10:43 am : link
In comment 13962900 est1986 said:
Quote:
Everyone can go to a casino and bet on sports now... in a few years you will probably be able to bet the sports game at your local convenience store like you play numbers


It'll hurt them no doubt but it won't kill them. Bookies can offer something the State run gambling can't and that's credit. When you go to a casino or sports book, it's cash only. Bookies will still take your bet over the phone and let you pay later.
I'm very excited about this.....  
BillKo : 5/14/2018 10:47 am : link
....I know some only watch the NFL because they are betting, but I certainly would like to enhance my watching with some wagers!!!!!
Yeah, but can a state break a kneecap?  
Bill L : 5/14/2018 10:50 am : link
I think that's integral to the betting experience.
And it wasn't a 5-4 opinion  
njm : 5/14/2018 10:50 am : link
Although there was a concurring opinion that went with the majority, it was 6 1/2 - 2 1/2 (Breyer concurred in part and dissented in part) in favor of gambling.
RE: This will hopefully help  
Bobby Humphrey's Earpad : 5/14/2018 10:50 am : link
In comment 13962929 bubba0825 said:
Quote:
Atlantic City


They were already preparing for this - should be through the roof.

Nationally what will happen is this will evolve to the European setup - where leagues and teams have deals with certain sites to make your wages.
Because the nature of how..  
FatMan in Charlotte : 5/14/2018 10:52 am : link
they take bets, the bookies technically don't take cash upfront, but very few of them like extending credit. It is a necessary evil

This will kill the vast majority of action for bookies.

And if you want credit at a casino, they will make it happen, especially if you bet large enough.
RE: Death to the bookie  
Koldegaard : 5/14/2018 10:55 am : link
In comment 13962900 est1986 said:
Quote:
Everyone can go to a casino and bet on sports now... in a few years you will probably be able to bet the sports game at your local convenience store like you play numbers


Like the rest of the World.
Good for Atlantic City  
bluepepper : 5/14/2018 11:04 am : link
but might be too late. Had it happened 10 years ago would have been huge.
Millions in tax dollars going into the pockets of..  
EricJ : 5/14/2018 11:04 am : link
organized crime instead of the states. A few years back, Montana added fantasy sports into their lottery system. Brilliant. Cant wait until NJ can do this.
RE: Death to the bookie  
The Dude : 5/14/2018 11:09 am : link
In comment 13962900 est1986 said:
Quote:
Everyone can go to a casino and bet on sports now... in a few years you will probably be able to bet the sports game at your local convenience store like you play numbers


The government will tax you.....bookie will not.
Pennsylvania 2017 or 2018  
Jim in Scranton : 5/14/2018 11:12 am : link
budget had this written in just in case this was overturned.
If you thought the fanduel and draftkings ads were  
bigbluescot : 5/14/2018 11:13 am : link
annoying, wait until you live through the UK style gambling ad blitz. 4 out of every 6 ads on the UK sports channels are gambling ads.
RE: Because the nature of how..  
Eman11 : 5/14/2018 11:14 am : link
In comment 13962951 FatMan in Charlotte said:
Quote:
they take bets, the bookies technically don't take cash upfront, but very few of them like extending credit. It is a necessary evil

This will kill the vast majority of action for bookies.

And if you want credit at a casino, they will make it happen, especially if you bet large enough.


Sure, you can get a credit line now when you go into a casino if you have good credit but I'm talking about the average guy who doesn't and basically calls in his bets to his local bookie. He has a tab with that bookie and pays up at an agreed upon time.

That guy is still going to his bookie when he'doesn't have cash in hand.
RE: Pennsylvania 2017 or 2018  
dep026 : 5/14/2018 11:15 am : link
In comment 13963000 Jim in Scranton said:
Quote:
budget had this written in just in case this was overturned.


Jim will be at Mohegan Sun every day now!!!
But if you..  
FatMan in Charlotte : 5/14/2018 11:16 am : link
look at the rest of the world where sports gambling is legal, it has virtually eliminated the bookie.

Extending credit really isn't too much of a factor.
RE: RE: Pennsylvania 2017 or 2018  
Jim in Scranton : 5/14/2018 11:25 am : link
In comment 13963013 dep026 said:
Quote:
In comment 13963000 Jim in Scranton said:


Quote:


budget had this written in just in case this was overturned.



Jim will be at Mohegan Sun every day now!!!


The Sands presently. I escaped that dump 3 years ago LOL.
RE: Good for Atlantic City  
Scyber : 5/14/2018 12:01 pm : link
In comment 13962978 bluepepper said:
Quote:
but might be too late. Had it happened 10 years ago would have been huge.


This is not good for AC. Since this was overturned nationally, all of the casinos in the region are just going to add sports betting also.
RE: RE: Good for Atlantic City  
Eman11 : 5/14/2018 12:12 pm : link
In comment 13963135 Scyber said:
Quote:
In comment 13962978 bluepepper said:


Quote:


but might be too late. Had it happened 10 years ago would have been huge.



This is not good for AC. Since this was overturned nationally, all of the casinos in the region are just going to add sports betting also.


It'll help the in the short term as it appears NJ is ahead of other states in being ready to implement this. However NY,PA,MA and CONN aren't far behind if at all.

As far as nationally it'll probably happen but it's my understanding while still a Fed issue they've left it up to each state on whether they want to legalize it in their state. No doubt a lot will but it remains to be seen if all do and how long before they're up and running.
RE: RE: RE: Pennsylvania 2017 or 2018  
BigBlue89 : 5/14/2018 12:19 pm : link
In comment 13963047 Jim in Scranton said:
Quote:
The Sands presently. I escaped that dump 3 years ago LOL.


How is the Sands? Is there a casino in AC or CT that you could compare it to?
I bought BJK ETF  
mvftw : 5/14/2018 12:24 pm : link
Months ago just for this reason.
Living in Connecticut  
Knineteen : 5/14/2018 12:26 pm : link
I fully expect 10%+ commission on every wager. Effectively endorsing illegal wagering as a solution.
RE: RE: Death to the bookie  
njm : 5/14/2018 12:26 pm : link
In comment 13962990 The Dude said:
Quote:
In comment 13962900 est1986 said:


Quote:


Everyone can go to a casino and bet on sports now... in a few years you will probably be able to bet the sports game at your local convenience store like you play numbers



The government will tax you.....bookie will not.


Considering you can offset wins with losses (though not deduct a net loss) I don't see the tax issue for the bettors as significant. The states will get the revenues from the casino profits.
RE: Living in Connecticut  
MookGiants : 5/14/2018 2:13 pm : link
In comment 13963181 Knineteen said:
Quote:
I fully expect 10%+ commission on every wager. Effectively endorsing illegal wagering as a solution.


They will take the vig just like every bookie and sports book in las begas does, will be no different
RE: RE: RE: Pennsylvania 2017 or 2018  
dep026 : 5/14/2018 2:15 pm : link
In comment 13963047 Jim in Scranton said:
Quote:
In comment 13963013 dep026 said:


Quote:


In comment 13963000 Jim in Scranton said:


Quote:


budget had this written in just in case this was overturned.



Jim will be at Mohegan Sun every day now!!!



The Sands presently. I escaped that dump 3 years ago LOL.


That dump is where my dad is currently VP and has been there nearly 40 years :(
RE: RE: Living in Connecticut  
njm : 5/14/2018 2:37 pm : link
In comment 13963384 MookGiants said:
Quote:
In comment 13963181 Knineteen said:


Quote:


I fully expect 10%+ commission on every wager. Effectively endorsing illegal wagering as a solution.



They will take the vig just like every bookie and sports book in las begas does, will be no different



Like Vegas casinos, yes. But I believe the State of Nevada doesn't. They just tax the casino profits.
So Bobby V knew exactly what he was doing when he opened up  
est1986 : 5/14/2018 4:10 pm : link
An OTB joint in Stamford Connecticut less than a year ago
i will still bet online w my guy  
GiantsFan84 : 5/14/2018 8:19 pm : link
unless i can bet legally online
I was in England watching the Open golf tournament a few years ago,  
CT Charlie : 5/14/2018 8:23 pm : link
and the concessions area was wall-to-wall crowded with fans talking frantically to bookies. Even with only a few holes left in the final round, there were still a zillion prop bets to be made.
RE: RE: Living in Connecticut  
Knineteen : 5/14/2018 9:34 pm : link
In comment 13963384 MookGiants said:
Quote:
They will take the vig just like every bookie and sports book in las begas does, will be no different

Correct, but there will be many more hands involved in the pie here.
The leagues now want a slice.
The states are going to take theirs...and knowing my state of Connecticut, they are going to want a massive take. Then there's the whole abortion of an agreement the state has with the two Indian groups on gambling...
Feel free to correct me if I'm wrong,  
Gene : 5/14/2018 9:42 pm : link
but if I read a particular tweet correctly, NJ is going to try and tack on an 8% tax for your winnings from in house casino wagers and a 12% hit from online bets.
ha  
giantfan2000 : 5/14/2018 9:55 pm : link
I am just figuring out which sport will be have first gambling related scandal that will jeopardize the integrity of the sport .

my bet (HAHAH( is
college basketball point shaving
RE: ha  
Gatorade Dunk : 5/15/2018 8:38 am : link
In comment 13963811 giantfan2000 said:
Quote:
I am just figuring out which sport will be have first gambling related scandal that will jeopardize the integrity of the sport .

my bet (HAHAH( is
college basketball point shaving

Why would legalization of gambling make that more likely? There were already hundreds of billions of dollars being gambled illegally/offshore, so whatever motivation there would be for a gambling-related scandal has existed forever.
Gambling Ads  
Giantslifer : 5/16/2018 3:39 pm : link
Can't wait for the explosion of gambling ads on NFL games.
maybe they will get Dennis Leary off the air.PAL.
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