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jj make a video of you placing a bet first day it opens in jerseyComment -
I could see every state that has a horse track to start taking bets by football season.
Those that dont have race tracks could run it through the lottery system.
Come on Buckeyes, I need something to do when I visit home.Comment -
Fkn yeah
stupid liberals voting against itComment -
Yeah, don't recall hearing all this "liberal" nonsense when Bush signed PASPA into law. Not about conservative or liberal or whatever fuk'n label some paid for wordsmith can come up with. It's money. Always was and always will be. Open the flood gates, the more options the better.Comment -
This is going to be fun to see how it plays out. Like somebody else said, competition is always a good thing. Definitely great for us sports bettors, I think. My state supposedly has a law on the books ready to go, but I'm sure I won't get -105 though. I just hope it makes it easier to transfer money offshore, but it could be the opposite. The government is going to want their $$$. Who knows. We'll see.Comment -
How long will it auctually take for this to kick in 1-2 years?Comment -
wow, this is huge news... there are casinos all over the place in CaliforniaComment -
William Hill CEO: Bookmaker Has Already Spent Millions Preparing For US Sports Betting
Adam Candee, May 8, 2018 , 2018
William Hill CEO Philip Bowcock spent much of his company’s Tuesday earnings call discussing preparation for a potential PASPA repeal.
Bowcock detailed which states he expects to be in play almost immediately, as well as the need to approach each as “a different country.” He also said the international bookmaker already spent “mid-to-high single-digit” millions of dollars to ready for a decision in the Supreme Court sports betting case involving New Jersey and the federal ban. That could result in a quick expansion around the US.
The company completed the sale of its Australian holdings last month and is maintaining financial flexibility in anticipation of spending money on sports betting throughout the United States. The company already serves both Nevada and Delaware for sports wagering.
“If the US Supreme Court votes in favor of repealing PASPA, then the US clearly has to be the priority,” Bowcock said.
What William Hill said on…
Let’s take a closer look at what else Babcock dove into during the call:
Which states will move first on sports betting?
“Where we stand at the moment, we know that Delaware will go almost immediately because that is sort of quasi-type sports betting at the moment — they take parlays which in our parlance are accumulators — so that’s quite an easy move.”
Clearly New Jersey will go very soon afterwards and the likes of Mississippi and West Virginia will likely go quite quickly at the moment as well. Just how they regulate will be interesting because New Jersey, it is likely, will go with a full remote registration-type scenario, i.e. as we are in the UK, which will clearly necessitate quite significant marketing costs. Whereas Mississippi everybody believes will be purely a retail-based and will not have any mobile at all. So I think we need to just sort of differentiate here, not just between which states go, but how they go.
Thereafter, I think it’s difficult to say. Will there be a dozen in three years? Quite possibly but I think it’s quite difficult to understand how quickly they do go.”
The idea that Delaware would be a fast-mover is interesting. While the state passed a law in 2009, it lost a challenge to that law in federal court. The state has been mostly mum on how quickly it would move on single-game wagering and if it would use that existing state law should NJ succeed in striking down PASPA.
NJ sports betting and the others — Mississippi sports betting and WV sports betting — are more known quantities, although there is still a lot that needs to happen in all those states on the regulatory front.
How is William Hill spending its money to prepare for sports betting?
“We’re investing in various areas — not just technology — to make sure we’ve got the appropriate technology ready to go. Just to give you a little bit of background, as I say to everybody, you can’t think of the US as one country. Each state is like a different country so it’s going to have almost its own technology. Because the regulations will be different in each state, we’ll likely have to have a call center in each state as well for customer services. We’re looking at how that would set up.”
Will the company use the William Hill brand everywhere?
“We’re looking at how we would launch a brand there into the states. We’re looking into how we would do a lot of our digital marketing and the organization that goes behind that as well. So there’s quite a lot of time and effort being spent in the US at the moment.
I think we will go with the most appropriate brand for each state and … if we need to do one brand across the US, we’ll do one brand across the US. I think we’ll see if and who we do partner up with to work out the best brand. We’re not totally agnostic, but I think we’ll go with the best brand available at the appropriate time.”
US earnings look good overall for William Hill
With Nevada sports betting leading the way, the company’s US business turned in a solid first four months of 2018. William Hill credited the performance to “strong underlying growth compounded by unusually good sports results.”
“The Nevada business in the US continues to grow strongly,” Bowcock said.
The company reported that total sports wagers were up 17 percent and net revenue spiked 45 percent. Almost two-thirds of bets were placed via mobile.
A few items specifically drew note:
March Madness performed particularly well, as we have discussed before.
Increased betting on hockey because of the success of the expansion Vegas Golden Knights.
Introduction of in-play tennis wagers.Comment -
Wonder what the corrupt NC double assholes will have to say about thisComment -
The justices ruled 7-2 that a 25-year-old federal law that has effectively prohibited sports betting outside Nevada by forcing states to keep prohibitions on the books is unconstitutional. The ruling could set the stage for other states to expand legalized gambling as a source of government revenue.
Justice Samuel Alito, a New Jersey native, wrote the court's opinion in the case. Justices Ruth Bader Ginsburg and Sonia Sotomayor dissented.Comment -
Wow pleasantly Surprised. This is huge.Comment -
Wonder if we will get statewide contestsComment -
Jumping Into NJ Sports Betting: Scientific Games Conducts ‘Product Review Sessions’ With RegulatorsDustin Gouker, Apr 16, 2018
Scientific Games indicated that it has met with New Jersey regulators about its sports betting product, should the state win its US Supreme Court case.
What’s new in New Jersey
The company said in a press release Monday that its arm that deals with sports wagering, SG Digital, “has commenced sportsbook product review sessions” with the New Jersey Division of Gaming Enforcement.
A launch of a sportsbook would require NJ to get a favorable decision from the nation’s highest court in Murphy vs. NCAA. That’s the case about the federal sports wagering ban outside of Nevada. A victory for NJ would also open up wagering in other states that legalize it.
But the company — like many in the gaming space — appears to be increasingly confident of a verdict going NJ’s way. And it is preparing for that eventuality. And it appears that the company is not unique in working with NJ regulators ahead of a possible launch of wagering. However, press releases like this one have not been the norm.
SG did not offer any other details about the review sessions about its OpenBet sports gambling product. And Legal Sports Report did not hear back immediately from either the company about the nature of the sessions. The DGE said it had no comment.
This is what was in the presser on this front:
Matt Davey, Group Chief Executive, SG Digital, said, “SG Digital has a strong presence in New Jersey with our Open Platform System (OPS) already certified in the state; our knowledge of the market will play an important part in preparing OpenBet for the marketplace. We work closely with the DGE to ensure responsible gaming experiences and congratulate the effort of the DGE and the state of New Jersey for taking progressive action to help create a safer sports betting market for the public.”
“We are setting the foundations well in advance to help our partners establish themselves early in the emerging territory.”
Preparations for US sports betting
Last year, SG acquired NYX Gaming in a move at least partially aimed at a potential US sports gambling market.
More nuggets from SG Digital today:
The release went onto say that SG Digital “is getting ahead of the game and is fully prepared to ensure its ambitious partners are ready to launch their sportsbook offering.”
SG Digital is making “market-specific product enhancements” aimed at serving the US market.
It is “undertaking a recruitment drive” to support the growth on the sportsbook side of things.
More from Keith O’Loughlin, senior vice president of sportsbook and platforms at SG Digital:
“Legalized sports betting in the U.S. is an exciting prospect for us, and we’re taking every step possible to ensure our product offering is fully compliant to hit the ground running when the marketplace eventually opens up beyond the current regulated states. …
“We have spent time considering U.S. customer needs and are focused on ensuring that the user experience is of high standard and can be delivered with speed.”
Already in New Jersey, US
Scientific Games will be at the forefront of a rollout of legal sports betting in the NJ.
The company is already the leading platform provider in a consistently growing online gambling NJ online casino industry. It provides the online casino software for:
Golden Nugget
Caesars
Two Resorts online casinos: ResortsCasino.com and MoheganSunCasino.com.
SG Digital already partners with bookmakers such as William Hill, which is already established in Nevada, Bet365 and Ladbrokes Coral.Comment -
I would think NJ DE will have it this football seasonComment -
If you had millions ? Why wouldn’t you invest in this? House always WIN every yearComment -
Are you in Iowa? I've heard from local casinos that they'll optimistic it'll get passed, and if/when it is passed, the setup plans to accept bets are already made. One of the local casinos here is owned by a Vegas chain, so I wouldn't think it'd take much to get them started.Comment
