1. #1
    Inkwell77
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    New jersey sports betting hype!

    Boys, it looks like it is getting closer and closer. Some good info here! Sports betting is a profitable venture and this bs about -120 lines, I just don't see it. This article points out the instant revenue brilliantly. Why they would want to fuk with an already profitable model (Vegas style sportsbetting) just seems crazy. Maybe NJ is ran by morons, but hopefully these dudes do it just like Nevada and everybody gets down.

    http://www.lvbusinesspress.com/artic...q_50273346.txt

    "Using a revenue distribution methodology, we arrive at sports book revenues of $37 million to $60 million for New Jersey," a research report by Union Gaming Research analyst Bill Lerner said. "Using a Sportsbet/visitor methodology, we arrive at revenues of $48 million for New Jersey."

    Assuming a 5-year average sports book hold of Las Vegas, Lerner estimated total sports book revenues of $787 million to $1.3 billion in annual sports book wagers in New Jersey.

    During 2010, gamblers wagered $2.7 billion on sporting events in Nevada. Despite the large amount wagered, most was returned in the form of winnings, as gross gaming revenues were $151.1 million, only 5.5 percent of the total amount wagered.

    With 43 percent, or $1.09 billion, of total wagers, professional and college football remained the most popular sports in 2010. The National Basketball Association and college basketball accounted for 30 percent, or $803.1 million, of all wagers.

    Baseball represented 19 percent, or $488.3 million, of all sports bets. The National Hockey League and European soccer were among the "others" generating $185,7 million, or 8 percent of total wagers in Nevada.

  2. #2
    Ninersnut
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    This is still years away.

  3. #3
    MartinBlank
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    I think Jersey will have sports betting by the start of the 2013 NFL season.

    Christie is too good of a politician to let that revenue sit on the table.

  4. #4
    Ninersnut
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    You may be right atleast in time for Superbowl in NJ.

  5. #5
    darkhat
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    I can't wait!!

  6. #6
    muldoon
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    Quote Originally Posted by MartinBlank View Post

    Christie is too good of a politician to let that revenue sit on the table.
    Didn't he veto a revenue generating gambling bill last March?

  7. #7
    Fang-Banger
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    Oh yeah let me run to a casino in AC to place a wager and get taxed 40% on my winnings. No thnkx, I'll stick to offshore online

  8. #8
    jjgold
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    Quote Originally Posted by Fang-Banger View Post
    Oh yeah let me run to a casino in AC to place a wager and get taxed 40% on my winnings. No thnkx, I'll stick to offshore online
    plus $10 in fukkin gas

    PASS

  9. #9
    Inkwell77
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    ^
    Another guy who doesn't get it.

    In Nevada the only time you have to fill out any sort of information is if you wager or cash out more than $10,000 over the course of a 24 hour period (at most sports books, there are a few where they make you fill out info on less than $10,000). No way to tax you when they don't have your information. If NJ follows Nevada's already established profitable sports betting formula you will not be getting taxed on anything unless you are doing it wrong. Spread out the bets at many various books and you will be fine.

  10. #10
    Sdotbold
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    Quote Originally Posted by Fang-Banger View Post
    Oh yeah let me run to a casino in AC to place a wager and get taxed 40% on my winnings. No thnkx, I'll stick to offshore online
    Exactly, I live here in jersey and I can fukkin care less.

  11. #11
    MartinBlank
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    Those of you on the east---are you telling me you would rather wager off shore, and hope/pray your check doesn't bounce, or your P2P arrives---over the idea of betting in AC?

    Just stop.

    That's ridiculous.

  12. #12
    Louisvillekid1
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    hell no, I would love this....

  13. #13
    Heart
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    yall are hilarious arguing about which is best for payouts when you know damn well you donk off all your life savings and ruining your life

  14. #14
    jjgold
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    There are some good books offshore that you get paid fast

    Its not going to be like online wagering

  15. #15
    Fang-Banger
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    Quote Originally Posted by MartinBlank View Post
    Those of you on the east---are you telling me you would rather wager off shore, and hope/pray your check doesn't bounce, or your P2P arrives---over the idea of betting in AC?

    Just stop.

    That's ridiculous.
    What 2nd rate book do you use?! Never had a problem with payouts with checks or P2P.

  16. #16
    MartinBlank
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    Quote Originally Posted by Fang-Banger View Post
    What 2nd rate book do you use?! Never had a problem with payouts with checks or P2P.
    Are you serious? You are on SBR. Yeah, even good books--like 5D have had processor payment issues. It happens. That's the belly of the beast.

    Which would rather? Walking up to a window and cashing a ticket for say, 2500 bucks, or having to wait until your check arrives, or spreading out a P2P over 2-3 transactions?

    You are being silly.

    I'm not saying AC will be the choice of gamblers in say, Tennessee or Florida. But if you live in NYC or Philly, why would you prefer an off-shore to AC? Give me one reason?

  17. #17
    Bluehorseshoe
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    It's not just for Atlantic City.

    It's for the horsetracks also.

  18. #18
    Fang-Banger
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    Quote Originally Posted by MartinBlank View Post
    Are you serious? You are on SBR. Yeah, even good books--like 5D have had processor payment issues. It happens. That's the belly of the beast.

    Which would rather? Walking up to a window and cashing a ticket for say, 2500 bucks, or having to wait until your check arrives, or spreading out a P2P over 2-3 transactions?

    You are being silly.

    I'm not saying AC will be the choice of gamblers in say, Tennessee or Florida. But if you live in NYC or Philly, why would you prefer an off-shore to AC? Give me one reason?
    I see your point but if I'm being taxed if rather go offshore. I haven't had a prob online yet. If I was already in the casino at the tables I'd prolly throw something on a game just cuz I'm there but wouldn't go outta of my way.

  19. #19
    jjgold
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    Like some guys said it could be a few years away

  20. #20
    MC PICKS
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    Quote Originally Posted by MartinBlank View Post
    Those of you on the east---are you telling me you would rather wager off shore, and hope/pray your check doesn't bounce, or your P2P arrives---over the idea of betting in AC? Just stop. That's ridiculous.
    Plenty of locals to choose form in jersey but i agree anyone who says theyd rather fukk around offshore is crazy. I live right outside of AC and if they get sportsbooks then great, its basically just having more outs to gamble with the same as someone with multiple offshores would have. If it doesnt happen for ten years then i will just keep betting with locals who have lines that are usually softer then offshore anyway and that will be perfectly fine by me, could care less how fast they move the books into the casinos.

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