Sports Gambling Legalized: QBs will continue to get more money

[mraynrand]

There will be a few stupid states but the rest will line up to cash in over the next few years.

eventually they will all go Pottersville.

[texaspackerbacker]

Some of ya'all in here can get all panicky and whiny, but nothing of significance is gonna come of this court decision.

[mraynrand]

Some of ya'all in here can get all panicky and whiny, but nothing of significance is gonna come of this court decision.

court decisions never have consequences

[pbmax]

This court case, as I understand it, only forbids the Federal government from preventing states that want to legalize sports betting. Does anybody seriously think all that many states will do that?

Yes.

There are six to ten that could be ready to go in Year 1 by Pro Football Talk's count. Now, they are probably not the most reliable political reporters around, but the court case exists because the NFL (and other sports leagues) was/were fighting West Virginia's gambling expansion. They also fought New Jersey and a total of 3 states that wanted some kind of lottery game. I think Maryland was considering sports gambling too.

[pbmax]

i wonder if the nfl will see any of it

wouldnt it be a bit of a conflict of interest if the people you are betting on get part of the profits?

if the NFL were to get part of the profits, wouldn't it be in their best interest to always make sure the favorite wins?

how does it work now? does vegas give anything to the nfl?

Nope. But the NFL and others were negotiating with West Virginia for an "integrity fee" to be paid to the League. With a clear win, its not at all certain that will continue because the State doesn't have to buy out the League to stop legal opposition.

Florio makes a good point in the first article. Short of licensing team names and logos, leagues have precious little leverage here.

The League will want to run their own operation or collect fees.

Integrity Fee: https://profootballtalk.nbcsports.co...integrity-fee/

Maybe: https://profootballtalk.nbcsports.co...ess-it-doesnt/

Not: https://profootballtalk.nbcsports.co...fee-after-all/

[Harlan Huckleby]

Isn't sports gambling done over the phone or internet?

I suppose this might matters if energetic advertising kicks off. I would think the market is already saturated.

[mraynrand]

Isn't sports gambling done over the phone or internet?

I suppose this might matters if energetic advertising kicks off. I would think the market is already saturated.

Everyone just wants to capture their piece of the action.

[Cheesehead Craig]

Some of ya'all in here can get all panicky and whiny, but nothing of significance is gonna come of this court decision.

States would be foolish to not get into this as it can be big time money for them.

Nevada made over $250M last year. https://www.legalsportsreport.com/18...rtsbooks-2017/

Granted, that is likely the high end given it's Nevada, but a state could easily make 9 figures, that's a game-changer for state budgets. Also, think of it this way, the states just got a funding mechanism for all the new stadiums that these sports want without having to tax the GNAs.

[Teamcheez1]

Newspaper had a graphic about adopting sports gambling.

Within two years it listed Massachusetts, Connecticut, New Jersey, Delaware, Pennsylvania, West Virginia, Virginia, Ohio, Michigan, Mississippi, Colorado, Montana and of course you have Nevada.

Within five years, Maine, Vermont, New York, North Carolina, Kentucky, Illinois, Iowa, Missouri, Nebraska, Oklahoma, Louisiana, Wyoming, Idaho, Washington, New Mexico, and California.

I know where I live, the legislature already passed sports gambling contingent upon the supreme court case, so they will likely have it very soon.

[Harlan Huckleby]

I know where I live, the legislature already passed sports gambling contingent upon the supreme court case, so they will likely have it very soon.

What does "have it" mean? Why would sports betters living in WI want to use a gambling site located in WI? Maybe the state runs a monopoly and promotes it, like the lottery?


I really don't get how this is going to be a big deal. There is only so much sports gambling money, and it already has a happy place to operate. This is not like drug legalization where something tangible is brought to consumers.

[woodbuck27]

Isn't sports gambling done over the phone or internet?

I suppose this might matters if energetic advertising kicks off. I would think the market is already saturated.

That's the way it was revealed as happening in a Movie I watched this evening and that I recommend Y'all seeing and based on 'a True story':

Molly's Game and starring the wonderful Jessica Chastain, as Molly Bloom; the Woman that ran the World's most exclusive high-stakes Poker Game, for a decade before being arrested in the middle of the night by the FBI (17 Agents wielding automatic weapons. Bravo !

Co-starring as her Legal Counsel, the terrific Actor Idris Elba, and as her Psychology Professor Father Kevin Costner.

My next Post will be my Post NO.30 K here at Packerrats .

I need to think about that one and, obtain some Fireworks.

Cheers ! Harlan Huckleby

[pbmax]

What does "have it" mean? Why would sports betters living in WI want to use a gambling site located in WI? Maybe the state runs a monopoly and promotes it, like the lottery?


I really don't get how this is going to be a big deal. There is only so much sports gambling money, and it already has a happy place to operate. This is not like drug legalization where something tangible is brought to consumers.

Please explain where you are currently spending your sports gambling money? What state offers sports bets? There are four and the NCAA and the NFL were threatening two of them.

If sports betting is legal, and it looks like it will be, then local sources of betting become available. You won't have to send money overseas or to Nevada. There will be far more competition and it will be easier to get started. Each state that wants a cut of what its public is spending will tax it and regulate it. And they could do so that it makes sense to open a local source more than continue to spend money elsewhere.

Not to mention attendance at the sports book will be attractive as well.

Its entirely possible that soon, most offshore online gambling will move back onshore, depending on what framework is chosen.

[mraynrand]

At least I won't have to place bets with Uncle Guido using an unlabeled envelope under that planter on his porch anymore.

[Harlan Huckleby]

You won't have to send money overseas or to Nevada.

Do people squandering their family's college fund worry about "buying local"?

I think of gambling as a crazy activity. Like my addiction to cheap mexican food. It's a losing proposition all the way around. But the heart wants what it wants.

Not to mention attendance at the sports book will be attractive as well.

My knowledge of gambling comes mainly from 1940s movies. I assume in-person bets are placed at the barber shop.

[pbmax]

Do people squandering their family's college fund worry about "buying local"?

I think of gambling as a crazy activity. Like my addiction to cheap mexican food. It's a losing proposition all the way around. But the heart wants what it wants.


My knowledge of gambling comes mainly from 1940s movies. I assume in-person bets are placed at the barber shop.

There will be people who get decimated by it. Have to hope money is set aside to help.