Posted:
#1
How will everything progress with the offshores now? How should we transition with the new betting laws underway ??
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Posted:
#6
It’s going to kill most of them off. The law that just got struck down was the primary boon to their business.
The scammy ones wil no doubt go belly up. The legit ones will have to work doubly hard to provide a valuable service.
Keep in mind, this decision now makes it legal to operate an online sportsbook on US soil.
First up will be Tribal Casinos. I expect US based books similar to Sports Interaction to be up and running within 30 days.
The great thing about that is bettors will gain leverage in legal recourse if a book suddenly refuses to pay out.
No more waiting forever to get a foreign check that may or may not clear when you finally get it.
But remember, it will also create a paper trail and a 1099-G for reporting your income.
Gonna have to start paying taxes on your winnings if you weren’t already.
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Posted:
#7
What makes you think this is going to be an immediate thing?? The odds of that happening are next to nothing.
Before it gets to the states Congress is going to have to decide if they want to get involved
Per the ruling
"Congress can regulate sports gambling directly, but if it elects not to do so, each State is free to act on its own. Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. PASPA is not," the Supreme Court outlined in its ruling.
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Posted:
#8
Once the Federal Congress decides what they are going to do or not do then it goes down to the state level. Each individual state, if they decide to allow gambling, will have to then set up the rules and regulations that they want in place which will take time.
Then you will have the off shore books such as Pinnacle and the Greek (I am just using those 2 as an example) who have already stated that once wagering is legal in the US they plan on getting back into the market.
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Posted:
#9
Then you have some states which, most likely, decide they still do not want gambling
From Bleacher Report
"Sportsbooks will likely be legalized in a number of states in the coming years, but there are logistics to work out. Will they work in tandem with sports leagues? What will be legal in each state? There are some states where, in all likelihood, sports gambling will continue being outlawed. The states of Arizona, Iowa, Louisiana, Montana and Washington have strict betting laws that even prohibit players of daily fantasy sports from participating."
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Posted:
#11
States are under no obligation to wait on Congress to do anything. That was the point of the decision.
They will likely move faster because of it. It would be much harder to ban something that has already taken root.
I’d bet you that by September, better than 90% of all the casinos outside of Nevada will be running Sportsbooks.
A bunch f them will be doing it by the MLB All Star break.
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Posted:
#12
Quote Originally Posted by sscott999:
States are under no obligation to wait on Congress to do anything. That was the point of the decision.
They will likely move faster because of it. It would be much harder to ban something that has already taken root.
I’d bet you that by September, better than 90% of all the casinos outside of Nevada will be running Sportsbooks.
A bunch f them will be doing it by the MLB All Star break.
Watch what happens when Congress gets involved. The ruling says that if Congress wants to get involved they can. If they do, it will slow down to a crawl
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Posted:
#13
Quote Originally Posted by HoustonSports:
Even though the Supreme Court ruling was monumental in pushing legalized gambling forward, it is not happening anytime soon. When it does, I would guess that the larger offshore sportsbooks (Pinnacle, Bookmaker/BetCris, the Greek, 5Dimes, etc) will still be an option
Even though the Supreme Court ruling was monumental in pushing legalized gambling forward, it is not happening anytime soon. When it does, I would guess that the larger offshore sportsbooks (Pinnacle, Bookmaker/BetCris, the Greek, 5Dimes, etc) will still be an option
Actually, New Jersey plans on starting to accept bets in about two weeks so don't know where you getting your assumptions from.
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Posted:
#14
Congress isn’t going to do anything headed into the midterms.
You have 26 States right now that want to legalize it. Every one of those Congressmen are up for re-election in the fall.
Hell marijuana is STILL illegal at the Federal level, but that hasn’t stopped State after State from legalizing it.
And the Feds aren’t doing a damn thing about it even with Sessions as AG. He’s probably the most anti pot guy to ever serve in the Senate.
These States are going lay their ears back and go for it.
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Posted:
#16
Quote Originally Posted by GiantFan18:
New Jersey has everything in place. William Hill has their equipment in the race tracks and casinos. Jersey will be up and running in about 2weeks!!
New Jersey has everything in place. William Hill has their equipment in the race tracks and casinos. Jersey will be up and running in about 2weeks!!
This is not true, Monmouth park has a William Hill sports bar that is ready to turn into a sportsbook that will be running in a few weeks, im not so sure about the Casinos there havent heard that. But I see others saying that casinos all over the US will be running sportsbooks in the next 30 days that is not true. They still have to go through the state, this is just for NJ for now but yes this opened the door for many other states to get on board with this.
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Posted:
#17
Quote Originally Posted by HoustonSports:
Watch what happens when Congress gets involved. The ruling says that if Congress wants to get involved they can. If they do, it will slow down to a crawl
The point is, if Congress wants to outlaw sports betting across the country, they can pass a law to do so, but they'd have to outlaw it everywhere and not favor some states over others. There's about a 0% chance of that anytime in the foreseeable future if only because of Adelson's $30m donation to the GOP that he just made.
This is the new reality. Forget Congress. It's going to be a state issue here on out.
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Posted:
#18
Quote Originally Posted by HoustonSports:
They will be taking bets at Monmouth Park, NJ in less than 2 weeks.Watch what happens when Congress gets involved. The ruling says that if Congress wants to get involved they can. If they do, it will slow down to a crawl
They were ready in October 2014 and the set up has been there in place ever since. I don't know how long it will take for them to offer an online solution (like they have for Vegas) but it can't be more than a few weeks away either.
Although I live overseas (where everything, weed, prostitution, sports gambling, drinking in public and many other civil liberties) I have a NJ presence so this is a slam dunk for me (the lines here can be really bad - sometimes in my favor but generally they suk). I usually deal with a local, Heritage and YouWager but getting money in and out of the offshores is a nightmare.
The pen is mightier than the pigs
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Posted:
#19
https://www.washingtonpost.com/sports/with-sports-betting-legal-new-jerseys-monmouth-park-aims-to-take-wagers-soon/2018/05/14/8c58cce4-5782-11e8-858f-12becb4d6067_story.html?noredirect=on&utm_term=.639b856c93e5
https://www.youtube.com/watch?v=cOCtlwy8YeU
The pen is mightier than the pigs
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