Would Legalized Sports Betting Help States Get Out of the Hole? - WSJ

[Sam Odom]

The Supreme Court is expected to rule soon on whether to allow legalized sports betting across the country, and many states are lining up at the gate to cash in on the possible tax revenue and job creation.

Millions of people regularly wager on college and professional games, from office pools to internet gambling to placing bets with a bookie. About $150 billion in sports bets are placed each year, according to estimates from American Gaming Association President Geoff Freeman.

https://www.wsj.com/articles/would-legalized-sports-betting-help-states-get-out-of-the-hole-1523098801

[jjgold]

no

It's pennies Sammy to state budgets

Vegas could care less if they even had it

[Sam Odom]

JJ , states have never seen a tax they didnt like

[jjgold]

True Sammy

You could be right not a budget expert here

[pilebuck13]

Offshore will take a hit

[b1slickguy]

Just throwing more money at the problem isn't the solution.

[darrell74]

Offshore will take a hit

Would be the end of offshore gambling as we know it

[A4K]

Would be the end of offshore gambling as we know it

Not unless the state operations are competitive with juice.

[pilebuck13]

Not unless the state operations are competitive with juice.

They won’t be but recreational types won’t care...even sharps might take advantage of new ways to get there money under the radar

[jjgold]

Offshore will take a hit

Never will dent the top 10


Too easy to get down wagers

Vegas did not touch it...VEGAS COPIES EVERYTHING FROM OFFSHORE AND EVERY LINE MOVE ALSO

Suckers bet -110 lines

[Sam Odom]

Offshore will take a hit

mods will lose their easy $$$ jobs

[reigle9]

no

It's pennies Sammy to state budgets

Vegas could care less if they even had it

pa passed table table games specially cause they were broke

couldn't care less you fukkin illiterate jew

[jjgold]

Everyone wants it to be legal

Why????? It will make business boom offshore and forums also

Gambling will be mainstream like it is in UK and Aussie

I will be getting new caddie I always wanted

[JohnGalt2341]

The Supreme Court is expected to rule soon on whether to allow legalized sports betting across the country, and many states are lining up at the gate to cash in on the possible tax revenue and job creation.

Millions of people regularly wager on college and professional games, from office pools to internet gambling to placing bets with a bookie. About $150 billion in sports bets are placed each year, according to estimates from American Gaming Association President Geoff Freeman.


https://www.wsj.com/articles/would-l...ole-1523098801

What's the average age of the people on the Supreme Court? My guess is... most of them have almost zero knowledge of Sportsbetting. AND... most of them have no idea what gambling even is.

I think legalization is definitely the direction we are heading... and it's the right direction. But I doubt it will happen anytime soon. The Lottery takes in BAZILLIONS of dollars and their payout is only 50%(meaning your Expected Value is -50% every time you play The Lottery). If Sportsbetting were legal it's payouts would have to be WAY better than 50%. States would have to figure out a way to compete with offshore books while at the same time not drive The Lottery out of business. I realize it's 2 completely different animals... but I think people would eventually figure out that if you want to hit a "Jackpot" you're far better off blindly betting a huge parlay than you are playing The Lottery.

[reigle9]

Everyone wants it to be legal

Why????? It will make business boom offshore and forums also

Gambling will be mainstream like it is in UK and Aussie

I will be getting new caddie I always wanted

just what i want, a 20% vig

[Sam Odom]

John

15c vig across the board on all ATS bets

[Sam Odom]

20% vig

John

15c vig across the board on all ATS bets

could be .20

suckers would still bet into it

[Hot Jerry]

I wouldn't hurt , every dollar counts !

[pilebuck13]

Sammy is + wagers only way to make it?

[reigle9]

could be .20

suckers would still bet into it

don't get me wrong, i want it to be legalized for the competition

anyone that's not a fukkin loser dipshit knows that competition in any market is good

7 cent lines on dimes is about as good as it gets, but maybe competition forces them to add a cash bonus program or some shit

[Sam Odom]

Sammy is + wagers only way to make it?

vig is vig

if it should be +150 (true fair market) yet it is +135

+135 sucks

[reigle9]

vig is vig

there should be a pinned thread with stuff like this

amazing how clueless people are

[7deuceoff$uit]

Not sure if it will help California. Every election a prop gets put on the ballot to tax A which will help B, and the next time around we still have problem B and the solution is to tax more of A.

[JohnGalt2341]

John

15c vig across the board on all ATS bets

So... basically what Fantasy Sports currently charges? 15c vig works for Fantasy Sports because the format of it is almost identical to the Lottery's format. It's much easier to hide the high Vig in this type of format. High vigs are going to be much more difficult to hide in ATS Sportsbetting. I think they would have to lower the Vig and I don't think they would be willing to... at least not anytime soon.

[big joe 1212]

It doesn’t matter how much tax revenue states raise. They will always find ways to overspend. Thus, they will always be in the hole.

[jjgold]

Fantasy sports was a major flop

[ans61201]

Lol. Offshore books would get crushed by this. Laughable that this thread even feels that's up for debate.

[reigle9]

Lol. Offshore books would get crushed by this. Laughable that this thread even feels that's up for debate.

you don't understand reality

[big joe 1212]

Lol. Offshore books would get crushed by this. Laughable that this thread even feels that's up for debate.

They would take a small hit but not much. Most gamblers who play offshore would continue to do so for many reasons. The local bookies would be the ones taking a hit.

[pilebuck13]

They would take a small hit but not much. Most gamblers who play offshore would continue to do so for many reasons. The local bookies would be the ones taking a hit.

Disagree, sharks and credit become giant they legalize it...

[reigle9]

They would take a small hit but not much. Most gamblers who play offshore would continue to do so for many reasons. The local bookies would be the ones taking a hit.

maybe 1% of the money bet is in local bookies

a "local" is a crazy concept to 99.9999999999999999999999999999999999999 9999999999% of bettors, i'm a fukkin scumbag and i'd have trouble finding one

[jjgold]

you don't understand reality

Guy an idiot

[RangeFinder]

Even if it passes we're looking at 5 years before it gets going

Government will screw it up somehow by too many regulations to the point where most states will see -120 or higher on football and basketball spreads

[pilebuck13]

Can’t you buy sports betting tickets at gas stations in Canada what’s the juice like?

[jjgold]

offshore is just too entrenched now

VEGAS NEEDS IT REAL BSD TO SURVIVE

They would not know how to make sports odds without it