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The problem NJ versus Vegas I believe Las Vegas has about 10 different private sports books so that's 10 different companies different lines New Jersey's lucky if they have two which is a huge disadvantage
It will take 5 to 10 years to perfect if it does happenComment -
I think Sam's point is that if it happens, it's a step in the right direction. States are starting to come around to the whole casino/lottery/gambling thing. I live in the damn Bible Belt, and I hear the state lawmakers debating casinos all the time now... mainly because of all the money ATL loses on the weekends when people make the 2 hour drive up to Harrah's Cherokee in NC.
Is it better to bet sports in Vegas? Of course it is. Do I want to live in Vegas? Fukk no. But getting this done in NJ means possibly Delaware next, then Pennsylvania, and then the ball starts rolling.Comment -
Anyone who thinks that NJ throws a switch and aloows sports betting needs to stop and think about the facts that need to be over come before the first bet is taken. Here is are just a few.
I don't know NJ law but I'm pretty sure it's illegal to operate a unlicensed business in any city, county or within the state of NJ, some how - some where a license will be involved which would defeat the part of being unlicensed & unregulated I have to think.
Since this will be unlicensed & unregulated what happens when you have a dispute or complaint?
In Nevada you have house rules which first have to be approved by the gaming commission then any dispute after that is handled and resolved by the gaming commission. Since the book will be unlicensed & unregulated the state, county or city can't have any involvement in anway when a complaint/dispute arises and they happen more than you think in Nevada where the books are licensed & regulated.
What happens when you bet or cashout more than 10K in a day?
We all know what happens in Vegas, Bank or any business for that matter with cash transactions over 10K, do you really think the feds are going to turn a blind eye to this.
Who is going to pay the .025% federal tax on sportsbetting?
In Nevada this is paid by the Casino, who or how are they going to pay this since it will be illegal under federal law.
How will bets be handled?
Don't be surprised if William Hill starts to distance themselves from any involvement with any Book in NJ now that the courts have decided on a appeal, William Hill will not risk fines, loss of license from the Nevada Gaming Commission for being involved in anyway, just ask United Tote how it went when they defied the Nevada Gaming Commission when they leased sofware & hardware to Books in Mexico. Good luck finding any business currentlly operating in the US supplying the software, hardware needed to run the Book since they would be risking possible fines and charges fom the feds.
Could you see companies refuse to do business with Monmouth Park?
I am sure publicly traded companies will look at being involved with anything at Monmouth Park since they could face possible legal action and stockholder backlash.
Will the Books have the NFL package?
Never in a million years will the NFL ever allow any Book in NJ to show the NFL package till this is resolved in the courts, we all know how the NFL feels about gambling.
This is just a few of many obstacles they will need to over come before ever accepting a bet let alone by opening weekend of the NFL.Comment -
They should just open a betting exchange and get market makers with big loot and than charge 5% for winning bets only. Place would flourish once US people got a hang of it. I'm just like Rangers in his above quote ! Who wants to lay -110 ? That is for squares. I am more of an ingame player myself. Way more advantages and way more fun !!!!! Livebetting and exchanges are the way of the future !! Let's just look at the European books who have more customers than anyone. They know where the future is with all this !!!!!!Comment -
Ice exchanges have failed miserably in the USA at is the worst thing you could ever do
Americans are dumb bettors and simple betters and that's too complicatedComment -
They made it clear they will be taking sports bets by week one of NFL season. Now how long they will be able to before some legislative action prohibits them is the more murky question.
I grew up in NJ. Happy to see this actually pass. A trip to Monmouth to bet the ponies and races looks like a distinct possibility come Sept.Comment -
The drive from NYC to Monmouth is moot considering smart people take the train.Comment -
Not negative I'm a realist
Always have been and always will be
It'll be stopped with some court injunction you'll seeComment -
Any update on this?Comment -
you will not be going ..very hard place to get to therefore will not do as well as they thinkComment -
Liberace these type operations have to be bear major cities to succeed
This place is in the boon docks
sportsbetting tough enough to get customersComment -
Been to Monmouth many times.
It will be in the Meadowlands and AC shortly after.
With people starving to bet sports legally in the North, a trip to Monmouth on a Sunday isn't going to dissuade them.
Hell, have you been to Delaware Park since those football sheets became legal? That place is farther in the middle of nowhere than Monmouth Park.Comment -
There will be sport betting at Monmouth Park first week of NFL 100%!Comment -
It sure looks easy that is hat scares me
nj will fuk it upComment -
Experts raise doubts about continuing effort to bring sports betting to N.J.
By REUBEN KRAMER Staff Writer
<center style="font-size: 10px; outline: 0px;"></center>Even if Gov. Chris Christie signs a bill to bring sports betting to New Jersey casinos and racetracks, the plan faces serious roadblocks that could keep it from taking effect, experts say.
The measure, which passed with overwhelming support in the Legislature last week, would repeal state law barring sports betting at New Jersey gambling houses. But the state would stop short of explicitly sanctioning such wagering.
New Jersey lawmakers, led by state Senator Raymond Lesniak, D-Union, say it’s a way around the Professional and Amateur Sports Protection Act, or PASPA. That federal law makes it illegal for nearly all states, including New Jersey, to “sponsor, operate, advertise, promote, license, or authorize” sports betting.
If the bill becomes law, lawmakers say, the state would take a completely hands-off approach to sports betting — not formally authorizing it, but not prohibiting it either. Because there would be no state involvement in the practice, Garden State racetracks and casinos could take sports bets without violating PASPA, and the state would enjoy millions of tax dollars from increased gambling revenue, the argument goes.
Some gaming attorneys call that approach a creative workaround to the federal ban on state-sponsored sports-betting; others say it’s a bizarre end-run around the law.
No matter how you characterize the plan, though, they say it’s unlikely that Monmouth Park racetrack will be taking sports bets in September, as Lesniak intends.
“I would be shocked if the NCAA and the professional leagues just sat by and watched this law go into effect,” said Lloyd D. Levenson, a gaming attorney at Cooper Levenson.
The NCAA and all four major sports leagues say sports betting taints honest competition by fostering suspicion among fans that bets are affecting games. They’ve fought in court for years to stop it from spreading beyond Nevada, Delaware, Montana and Oregon, which received exemptions under PASPA to maintain betting operations that were in place before Congress enacted the law in 1992.
In August 2012, the leagues sued Christie to stop New Jersey from licensing and otherwise regulating sports betting at New Jersey gambling houses under a state law enacted earlier that year. Federal judges nixed the law, ruling that it violated PASPA. Last month, the U.S. Supreme Court let those rulings stand.
But during the litigation, judges implied that PASPA merely banned states from sponsoring sports betting, not from simply staying mum on the issue and letting casinos and racetracks do what they will. That’s the approach lawmakers are now taking.
It will be a tough sell, said Levenson, who expects the leagues to sue again for an injunction stopping the plan. “The leagues would come in and say it still violates PASPA. (They would argue that) the casinos are instrumentalities of the state in the fact that they’re licensed. They couldn’t exist without a license, so they are state-sponsored institutions,” he said.
David Deitch, an attorney at Ifrah Law, said the question will be, “What does state sponsorship mean? And the leagues, I believe, would take the position that the heavy state regulation of the racetracks and the casinos means that this is still being state-sponsored.”
Donald Remy, chief legal officer for the NCAA, said in a statement that PASPA is “incredibly important, valid, constitutional legislation that has appropriately halted the spread of legalized sports wagering in New Jersey and across the country.” The NCAA hopes “that PASPA continues to protect the integrity of sport in America,” he said.
But it isn’t just PASPA that lawmakers need to be concerned about, said I. Nelson Rose, a gaming attorney and a professor at Whittier Law School. There’s also the Wire Act, which criminalizes the use of interstate wire-based communications to bet on sports. “So you can have sports betting, but you can’t really have the bets made by phone or using the Internet,” he said.
Rebekah Carmichael, a spokeswoman for the Department of Justice, declined to comment on whether the federal government would intervene to stop New Jersey’s sports betting plan.
David Klein, an attorney at Klein Moynihan Turco, said that with all the legal hurdles, it’s very unlikely that New Jersey casinos and racetracks will have sports betting any time soon. “There’s no way in my mind that this would work,” he said. “It’s a very aggressive play.”
I'll take the opinion of numerous gaming attorneys with nothing at stake over any politician.Comment -
The bottom line is people are free to bet, not who are going to die or flourish.Comment -
sportsbetting is not accepted like smoking weed as bizarre as that sounds and does 1000x more financial damage to someone
Its the way are society is..xanex ok but gambling badComment -
Gotta give NJ credit. They aren't giving up for nothing.Comment -
Boom baby. I can't wait till I can place an actual bet In-state and get my winnings handed to me that day. It's a hour and a half long drive for me, not a problem.
My good state of Jersey putting in work right now son.Comment -
I can't wait till a private firm takes a few wages and then gets a letter from the federal government and they close down within 10 minutesComment -
It's half ass
NJ does everything that way
Only place it'll succeed is Las Vegas
Nothing to get excited about driving an hour one way to make a $50 wagerComment -
This is no different that what Colorado did with marijuana. Colorado decided to legalize it, even though its still illegal on a federal level. Have the feds been busting Colorado? No.
This is GREAT news for US players. If they can get an online book up and running based out of New Jersey, I will definitely play there. No more paying these overseas books that you have no idea if you will ever actually get paid out. Plus, if its a US based book, they may allow winnings to be immediately debited back into your bank account. Even better. Its all about the ease of filling up your account, and getting the money out in the cleanest easiest way possible. I'll trust a US based operation over any overseas spot without a doubt.Comment -
I'm not sure the big man will sign the needed legislation. If he still has national aspirations, he probably won't, saying we took it as far as possible, but the courts didn't side with us, so it's done.Comment -
I'm thinking more and more the governor not going to sign it either
Couid hurt him with conservatives down the road
I would think he has to sign within a month or it's deadComment
