NBA want % of gambling revenue

[MinnesotaFats]

WINDHORST reports that NBA gave testimony in NYC citing its proposal and its feeling they are entitled to a share or revenues from expanded sports betting!

[The Kraken]

Of course they would, it's business

[pavyracer]

Why wouldn't they? That's how it works in soccer. Books get to advertise their websites on team's jerseys.

[Clutchut12]

Just seen that shit on PTI, the rich get richer

[element113xx]

WINDHORST reports that NBA gave testimony in NYC citing its proposal and its feeling they are entitled to a share or revenues from expanded sports betting!

hey I posted this first, don't copy me bro.

[jjgold]

It is why offshore will always flourish even with 50 states legalizing

[magaman]

It is why offshore will always flourish even with 50 states legalizing

sharp

I have a buddy in Oregon they have sports lottery BS... you pick like 5 teams for a parlay and get paid something stupid like 3:1... pushes lose lol

[ans61201]

It is why offshore will always flourish even with 50 states legalizing

The bettor doesn’t pay a 1% premium

[ans61201]

sharp

I have a buddy in Oregon they have sports lottery BS... you pick like 5 teams for a parlay and get paid something stupid like 3:1... pushes lose lol

Oregon got rid of this 10 ish years ago.

[Chi_archie]

Silver has suprised me

[IBetYou]

Is it a crime for Americans to have off-shore betting accounts? Technically speaking...

[marcoloco]

Is it a crime for Americans to have off-shore betting accounts? Technically speaking...

asking for a friend

[Optional]

Every licensed book in Australia has to pay a percentage to any local sports they take wagers on.

Great for grass roots sport. Especially horse racing. Bookies pay for a bunch of facilities in country areas.

It should not just go to NBA bottom line profit though. Should be directed at junior sport and development.

[mrpapageorgio]

My thought on it is if the leagues want to take a cut, they can't get public financing for stadiums (or just have the revenues go towards paying for the stadiums instead of giving it to the league directly).

[IBetYou]

Every licensed book in Australia has to pay a percentage to any local sports they take wagers on.

Great for grass roots sport. Especially horse racing. Bookies pay for a bunch of facilities in country areas.

It should not just go to NBA bottom line profit though. Should be directed at junior sport and development.

That's stupid. Sports betting increases viewing figures ..that is the reward for these sports. If books have to pay off the sport federations then the juice will go up, and betting will go down, and viewing will go down.

[Optional]

That's stupid. Sports betting increases viewing figures ..that is the reward for these sports. If books have to pay off the sport federations then the juice will go up, and betting will go down, and viewing will go down.

Just telling you how it works in Australia. Where betting has been socially acceptable and regulated this way for more than a generation.

One of the most successful sporting countries in the world per capita over the widest range of sports, with one of the strongest racing industries anywhere too.


Being licensed to offer gambling in rich countries like Australia, UK and USA is like being given a license to mine natural resources. They are taking social resources. It's not stupid, it's actually quite logically to pin that license to some sort of pay it forward social responsibility if you want it to be acceptable/sustainable ongoing.

[IBetYou]

Just telling you how it works in Australia. Where betting has been socially acceptable and regulated this way for more than a generation.
One of the most successful sporting countries in the world per capita over the widest range of sports, with one of the strongest racing industries anywhere too.
Being licensed to offer gambling in rich countries like Australia, UK and USA is like being given a license to mine natural resources. They are taking social resources. It's not stupid, it's actually quite logically to pin that license to some sort of pay it forward social responsibility if you want it to be acceptable/sustainable ongoing.

I'm in the UK. We have point of consumption tax nowadays, which is fine. What I'm saying is sport benefits greatly from gambling, so there is no need for the extra fuss.

[darrell74]

Dear NBA,
Go phuck yourselves
Sincerly,
Sports gambler

[jjgold]

THE NJ one will be whore shit if passed

Limited locations too where most cannot get to

[DOM-Ganador]

I was an antique dealer for 15 or so years.
Was mostly a buyer as my ex was a terrific salesperson.

I saw an incredible change during that time in "buyers premium" at auctions.
A few small houses charged 0% to buyer, making their $$ on sellers commission.
Overwhelming % of houses charged 10% to buyers.
Then shit got stupid. 15%.18%20%....and some big NY shops 25%....ON TOP of charges seller a boatload.

I can see the whole "legal" betting industry following same path. They will not gamble. The will figure out how to lock in profit.
AND, the TAX MAN will be informed about all your wagers/winnings. Nothing good can come of this for the player.

[magaman]

Just telling you how it works in Australia. Where betting has been socially acceptable and regulated this way for more than a generation.

One of the most successful sporting countries in the world per capita over the widest range of sports, with one of the strongest racing industries anywhere too.


Being licensed to offer gambling in rich countries like Australia, UK and USA is like being given a license to mine natural resources. They are taking social resources. It's not stupid, it's actually quite logically to pin that license to some sort of pay it forward social responsibility if you want it to be acceptable/sustainable ongoing.

I know the odds are stated differently... but with "sanctioned" sports wagering in Australia or UK - do you get -110 pricing or better?

[Optional]

I know the odds are stated differently... but with "sanctioned" sports wagering in Australia or UK - do you get -110 pricing or better?

Yeah it's generally around -108 pricing, sometimes better. Nothing special but not terrible on average. They don't tolerate winners well though, and they have a huge market of recreational gamblers on tap, so they can afford decent odds and lots of bonuses on top of tax and sports contributions.

Being able to access them, plus Pinny, plus offshore is pretty much ideal situation really.

[magaman]

Yeah it's generally around -108 pricing, sometimes better. Nothing special but not terrible on average. They don't tolerate winners well though, and they have a huge market of recreational gamblers on tap, so they can afford decent odds and lots of bonuses on top of tax and sports contributions.

Being able to access them, plus Pinny, plus offshore is pretty much ideal situation really.

Well if it is legalized in the USA with competitive pricing like that it will work. So if the leagues and the government can skim of their cut while keeping the odds competitive I'm good with that and I know it would work. I strongly suspect that will not be the case, and legalized wagering would end up looking like -120 pricing and that will not work at all. Our elected idiots are simply too greedy.

[A4K]

I'd rather have a national betting network that takes 1% than have to phuck around with BTC transfers and guys in Costa Rica, no offense SBR folks.

[Hman]

The NBA is taking the wise approach.

In trying to reach a deal ahead of time with states, they want to avoid being left without any say if PASPA is struck down & legalization is passed.

The MLB also stands by the NBA's side in support of this.

But is it fair that they are doing the groundwork looking out for leagues while the NFL & NCAA refuse to put their pride aside & join them?

There would be nothing better than for the courts to declare PASPA unconstitutional (which it is) and see the NFL & NCAA left with their jaws hanging & no say, control, or compensation of legalized sports betting spreading across the states.

And again, I believe legalization will actually help offshore books.

As time goes by, avenues will have to be open for funds to be moved back & forth for all states participanting in legal sports betting.

That will create opportunities for offshore books to once again find ways to take advantage.
Not that it's necessary with Bitcoin available, but it will still give players money-moving options.

Legalization will bring a large percentage of new players to the hobby.

Legalization will also bring competition.

We will begin to see the big bonuses & other perks from offshore once again, as legal books in the states will take a while to figure out the game in attracting players.

Offshore books are far ahead of them in all areas.

[Optional]

Well if it is legalized in the USA with competitive pricing like that it will work. So if the leagues and the government can skim of their cut while keeping the odds competitive I'm good with that and I know it would work. I strongly suspect that will not be the case, and legalized wagering would end up looking like -120 pricing and that will not work at all. Our elected idiots are simply too greedy.

Honestly I think most current American bettors will think offshore was better if/when local shops come.

But not due to the odds, as I imagine many players, like Pinny, Ladborkes, Bet365 etc will want to jump in if allowed and create instant competition.

What will annoy US bettors will be all the new rules around AML, match fixing and real KYC procedures i think.

[magaman]

The NBA is taking the wise approach.

In trying to reach a deal ahead of time with states, they want to avoid being left without any say if PASPA is struck down & legalization is passed.

The MLB also stands by the NBA's side in support of this.

But is it fair that they are doing the groundwork looking out for leagues while the NFL & NCAA refuse to put their pride aside & join them?

There would be nothing better than for the courts to declare PASPA unconstitutional (which it is) and see the NFL & NCAA left with their jaws hanging & no say, control, or compensation of legalized sports betting spreading across the states.

And again, I believe legalization will actually help offshore books.

As time goes by, avenues will have to be open for funds to be moved back & forth for all states participanting in legal sports betting.

That will create opportunities for offshore books to once again find ways to take advantage.
Not that it's necessary with Bitcoin available, but it will still give players money-moving options.

Legalization will bring a large percentage of new players to the hobby.

Legalization will also bring competition.

We will begin to see the big bonuses & other perks from offshore once again, as legal books in the states will take a while to figure out the game in attracting players.

Offshore books are far ahead of them in all areas.

You seem to be fairly optimistic this will happen at some point in the near future. No doubt you are more up on the news of the industry and laws, and what is going on. I will remain very skeptical until I see it... or at least until we hear of some remarkable legislation passed, or SCOTUS court ruling.

I have been wagering since the 80's way before the internet. All of the arguments for legalization were there then, and still here now. I can draw a very simple parallel to legalization of marijuana. This type of legalization will occur when elected officials finally decide that it is their best interest to do so. They remain convinced (still today) that it is not in their best interest. Their opinion would change if they recognize that the voters want it - or if they can profit massively by ushering it in without popular support.

Every single person reading this thread belongs to a particular demographic that mostly would like it all legalized. We live in a bubble sometimes and think the average person wants the same freedom. I don't that is the case. The average person does not gamble, and when they want to gamble they go to a casino and blow a couple hundy. Same goes for the pro-marijuana crowd... the average American does not use, and thinks it would be a bad idea (outside of very liberal districts).

I will believe it when I see it. I'm not holding my breath.

[A4K]

Honestly I think most current American bettors will think offshore was better if/when local shops come.

But not due to the odds, as I imagine many players, like Pinny, Ladborkes, Bet365 etc will want to jump in if allowed and create instant competition.

What will annoy US bettors will be all the new rules around AML, match fixing and real KYC procedures i think.

Here in California, I think the Indian Casinos and horse tracks would take over the sports action. They already have the infrastructure in place.

[Optional]

Here in California, I think the Indian Casinos and horse tracks would take over the sports action. They already have the infrastructure in place.

The reaction the first time an old school American bettor is asked to show his bank statements and prove his income sources should be interesting

[A4K]

The reaction the first time an old school American bettor is asked to show his bank statements and prove his income sources should be interesting

As a former pit boss who had to track large sums of buy-ins it will be a nightmare for someone.

[Hman]

You seem to be fairly optimistic this will happen at some point in the near future. No doubt you are more up on the news of the industry and laws, and what is going on. I will remain very skeptical until I see it... or at least until we hear of some remarkable legislation passed, or SCOTUS court ruling.

I have been wagering since the 80's way before the internet. All of the arguments for legalization were there then, and still here now. I can draw a very simple parallel to legalization of marijuana. This type of legalization will occur when elected officials finally decide that it is their best interest to do so. They remain convinced (still today) that it is not in their best interest. Their opinion would change if they recognize that the voters want it - or if they can profit massively by ushering it in without popular support.

Every single person reading this thread belongs to a particular demographic that mostly would like it all legalized. We live in a bubble sometimes and think the average person wants the same freedom. I don't that is the case. The average person does not gamble, and when they want to gamble they go to a casino and blow a couple hundy. Same goes for the pro-marijuana crowd... the average American does not use, and thinks it would be a bad idea (outside of very liberal districts).

I will believe it when I see it. I'm not holding my breath.

Can't argue with anything you said, my friend.

Most legal experts favor NJ & Co in winning the case.

Actually what most say is the case in itself isn't even about legal sports betting.

It's about the constitution & that each & every state is supposed to be allowed to make their own decisions, and that congress has overstepped their boundaries in this particular instance, and if they are allowed to do that, then they could go even farther with other things.

This is one of main reasons 'experts' believe the states will win.

You're right about the average person not sports betting.

But with legalization comes a whole new world of advertising, new people to the hobby, and be assured the new bettors find forums such as this, and traffic increases, and sponsors increaee, and so on.

It's a domino effect.

[jjgold]

Legal books could never ever compete with pinny, heritage, 5 dimes, bookmaker and others

Too well run, tremendous menus from all over the globe

All of Vegas books combined not even as good as lets say Bookmaker

[magaman]

Legal books could never ever compete with pinny, heritage, 5 dimes, bookmaker and others

Too well run, tremendous menus from all over the globe

All of Vegas books combined not even as good as lets say Bookmaker

I think you are wrong JJ. Let's suppose that USA had legalized wagering - it happens tomorrow. Then the government would have to set up a gaming commission to issue licenses for entities to set up shop right? Part of those negotiations would include that those with license to operate, they would demand that the US shut down the Americans playing offshore. They are not going to accept US players going offshore - eliminate the competition. Vegas lobbyists (and mob) have been doing this for decades to keep it illegal in 49 states).

To you and me, that would mean it would become very inconvenient and very illegal to wager offshore. With that in front of you, and legal wagering at a nearby POS, you would close your 5dimes account, as would I and almost everybody reading this (that lives in the USA)

They will not accept the offshore competition

[BuckyOne]

Very good point! Could offshores sue to be legal also? States would be monopolizing the trade???

[mrpapageorgio]

Legal books could never ever compete with [......] 5 dimes,

Anyone with a decent IT budget could beat 5Dimes in that department.