• Welcome to OGBoards 10.0, keep in mind that we will be making LOTS of changes to smooth out the experience here and make it as close as possible functionally to the old software, but feel free to drop suggestions or requests in the Tech Support subforum!

Supreme Court Declares PASPA Unconstitional (Sports Betting Is On The Way)

Mississippi already has casinos. Delaware has parlay betting on NFL games and is chomping at the bit to get into full fledged sports betting. NJ has perimutuel betting at the tracks as well as off track betting. WV has video games at casinos and horse and dog tracks. States already have online betting apps too.

NC already has a casino. We may be closer than we think.
 
Does Nevada pay revenue to the leagues? Why would a state agree to do something that Nevada doesn't have to do? How could any league stop a state from legalizing gambling until they got their cut?
 
PhDeac said:
Is that speculation or info?
Click to expand...

Info. Five states have already passed laws to deal with sports gambling with the expectation that the SCOTUS would overturn the federal law. They are: New Jersey, Conn., Pennsylvania, West Virginia and Mississippi.
 
So they already have a plan ready to go. Wow. I'm going to be in Philly in a few months. I may throw down a dollar or two on a preseason game just to do it.
 
You will be able to bet through your cable provider in the next 5-7 years. Cable companies are chomping at the bit.
 
Cable companies will be coming to your house between 1 PM and 7 PM to break your legs if you don't pay.
 
tenor.gif
 
Stan Gable said:
You will be able to bet through your cable provider in the next 5-7 years. Cable companies are chomping at the bit.
Click to expand...

This is not true. The part about the cable companies champing at the bit, at least.

I mean, they may end up getting involved (who knows), but I know a good amount about the big public cable companies and I can say they with 100% certainty that they won't be rushing into it. Completely outside their core business (and probably at a much lower margin).

If we really get to the point where sports gambling is that ubiquitous, you'll be better served through some sort of app (how I bet already).

Sure, at some point you'll probably see integration w/ your telecast... But I think the leagues will have more to say about how that is done than the cable companies.

It is going to be fascinating to see how everything plays out
 
Last edited:
Going to be nuts when you can bet on individual plays during NFL games. Gonna get a run, run, pass, punt parlay.
 
Joe Blow Bar owner won't be able to take bets. There will be huge barriers to entry. He'll have to have large cash deposits. This isn't just for a really bad day, but what happens if several big winners cash tickets from last month on the same day? There are many other contingencies.

What about non-casino affiliates and IRS payouts? There are a ton of issues.
 
Nevada used to be the only place(and right now, it still is) you could get a legal bet on an individual game. They took in almost 5 BILLION dollars last year doing this and had a profit of almost one-quarter of a billion dollars. 2017 was their best year ever. No wonder some states want a piece of that action.
 
DeacsATS said:
Bingo.

I think it happens in NC before it happens in GA.
Click to expand...
Don't bet on it. I texted a legislator in the State House yesterday after the news broke and jokingly suggested he take the lead on passing such a bill. His response was that the house can't even modernize our lottery system without half the caucus's trying to shut it down. I responded that we'll go the way of the past when NC money was going to neighboring states to buy lotto tickets.
 
Think about those numbers for a minute. Is the $250M gross profits of bets taken versus bets paid out? Or is is net profit when you include overhead like employees, marketing (in NV there are lots of comps, etc.), physical overhead, etc.?

If it's simply profits of the take, that number will be dramatically lower if it's net. I think it's the gross.

If states don't simply add to the vig to get their cut, the revenues may not be as great as they anticipate. An off the top vig is the way for non-casino states to go.
 
It's where your momma gives bjs in the bathroom and alley.
 
RJKarl said:
Think about those numbers for a minute. Is the $250M gross profits of bets taken versus bets paid out? Or is is net profit when you include overhead like employees, marketing (in NV there are lots of comps, etc.), physical overhead, etc.?

If it's simply profits of the take, that number will be dramatically lower if it's net. I think it's the gross.

If states don't simply add to the vig to get their cut, the revenues may not be as great as they anticipate. An off the top vig is the way for non-casino states to go.
Click to expand...

The states who are likely to pass it quickly are estimating the vig at 8-10%. Of course, they call it a fee. Of course, they will also charge a gaming license fee which can be astronomic. I saw where Pennsylyvania was talking about a 10,000,000 fee. Yeah, I know that's 10 million.
 
States need to follow the Nevada model where competitive lines are offered, the sports books are generally honest and the State gets a fair share of the "take" from the sports books. If States try to start skimming the vig (and the leagues skim the vig), the vig will rise above 10% which will keep most bettors from leaving wherever they wager these days (off-shore; or with a local guy). Realize that everyone will want to take a piece, but if the legal books don't offer competitive prices to the bettors, very little money will be generated because bettors will stay away. It's hard, but not impossible, to win with a 10% vig, but if the vig rises above that, legal sports books aren't going to be around very long.
 
Is there going to be a model for interstate better? For example, if PA and WV both have legal betting through an app, would it be legal for PA residents to bet in WV and vice versa?
 
You must log in or register to reply here.
Back
Top