1. #16
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    don't lose your bookie's phone number yet...

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    Quote Originally Posted by BetThemDogs View Post
    Bottom line--- wait until you see the zillion pages of regulations the states will come up with.
    as you were saying... http://thehill.com/blogs/floor-actio...-supreme-court

  3. #18
    Senior Member R40's Avatar
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    Quote Originally Posted by kcburgh View Post
    Rs have a hell of a problem on their hands with Trump making money off NJ casinos.

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    most likely heat on quality locals in areas it goes legal will increase.

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    ^^^^ the government hates competition...

  6. #21
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    David Purdum is getting some solid face-time on ESPN today.

  7. #22
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    Quote Originally Posted by MrAdvantage View Post
    most likely heat on quality locals in areas it goes legal will increase.
    Most state prosecutions would involve felonies. Oh my god, don't forget seizures($$). The public rejoices in this ruling? LOL. Try laying -104 with the state/licensee, Notta Chance. Oh yeah, the professional leagues want 1% total handle. Wtf is an integrity tax?
    The last time I layed -115 was with a Macau out that never moved off of the NBA opener. Short lived.

  8. #23
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    Quote Originally Posted by Ronbets View Post
    Most state prosecutions would involve felonies. Oh my god, don't forget seizures($$). The public rejoices in this ruling? LOL. Try laying -104 with the state/licensee, Notta Chance. Oh yeah, the professional leagues want 1% total handle. Wtf is an integrity tax?
    The last time I layed -115 was with a Macau out that never moved off of the NBA opener. Short lived.
    Sports leagues thought they were running this thing. Good luck with that integrity fee idea now.

  9. #24
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    Just heard an interview and not one state has contacted Las Vegas who's been doing sports for over four decades and asked about operations and financials and what it takes to run a sports book. My memory maybe a little bit off but I think Delaware was first to have football parlay cards you know the ones we sold back home many years ago only they were bad enough but in Delaware I believe the lowest amount of teams you could play was 4 and ties lost and the payouts were a joke.

    Years later when I use to good visit family in Michigan on thanksgiving and go to the football game and be with my family they had football cards that were a joke also not as bad as Delaware but bad. Now mine you this was a long time ago so my memory may not be perfect but I will say this be careful what you wish for you just may get it. This at least for a few years will be a cluster fuck. The sad part is Joe blow who doesn't gamble won't know the difference he just knows he's betting his home team at 5-1 when proper odds maybe 20-1 but he'll learn and the maybe someday it will turn into a good thing.

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    In the 50's, ignorant bureaucrats passed something called a Revenue Act. In essence, it required a 10% excise on all sports wagers. At the time, if you walked into Churchill Downs Sportsbook in LV to win a hundred single out, you'd be laying 121 to win 90. If you were known/local, you'd walk in the backroom and forego the gouge. In the mid 70's LV convinced congress to lower the rake to 2% which the house ate. Finally the numb nuts came to their senses and reduced take to .25% in '83 or '84. They stunted the growth of NV sportsbetting for over 30+ years.

  11. #26
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    Other states are already moving aggressively on this which is a bit surprising. There will no doubt be some bumps in the road but very doubtful that there will not be uniformity within a few years.

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    Since there is no longer a federal ban, I'm hoping more offshores will be allowing US players.

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    Quote Originally Posted by bumpo View Post
    Since there is no longer a federal ban, I'm hoping more offshores will be allowing US players.
    the UIGEA is a separate law and not affected by yesterday's ruling, I'm afraid...would love to be wrong on that...

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    UIGEA is supposedly about money laundering and anti-terrorist activity. They are not going to want to give that up. Plus, it will provide an incentive for people to gamble in the US.

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