Supreme Court Approves State Sports Betting

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  • A4K
    SBR Hall of Famer
    • 10-08-12
    • 5243

    #211
    Originally posted by thetrinity
    Will be funny to watch these crooks aka state governments be in league with the "bad guys" offshore
    Or what fees they will charge in the form of a tax.
    Comment
    • hubie69
      SBR Hall of Famer
      • 09-16-10
      • 7329

      #212
      This would be interesting to see SBR betpoints being used for State level bookies....winning points for rewards at local bookies
      Last edited by hubie69; 05-14-18, 12:32 PM. Reason: I'm a moron
      Comment
      • SharpAngles
        SBR Hall of Famer
        • 04-15-14
        • 9467

        #213
        Originally posted by spro23
        If they tax it even higher though I'll switch back to online books
        If?
        Comment
        • thechaoz
          SBR Posting Legend
          • 10-23-09
          • 12154

          #214
          We'll see what NJ comes up with. What a state to move to!

          Either way the competition between off shore and land be better for the players
          Comment
          • Ramster
            SBR Hustler
            • 06-08-09
            • 81

            #215
            Originally posted by A4K
            Or what fees they will charge in the form of a tax.
            no less than 30% or whatever the STCG rate.
            Comment
            • spro23
              SBR MVP
              • 07-17-15
              • 1129

              #216
              when you look at how they keep raising property taxes for 'the children' (many of whom are illegal) you don't think they'll phuck bettors too?
              especially since they know most bettors are white males, their fav tax donkeys
              .
              women and Mexicans don't believe in private property and capitalism they'll gladly vote to confiscate more
              Comment
              • Ramster
                SBR Hustler
                • 06-08-09
                • 81

                #217
                Feels like a Trump move. He bankrupted a couple of casinos. Now it's the us.gov
                Comment
                • VeggieDog
                  SBR Hall of Famer
                  • 02-21-09
                  • 7214

                  #218
                  Originally posted by jjgold
                  Manny states will still not offer it because of the party system and anti-gambling
                  But their state-run lottery with horrible odds is a-ok!
                  Comment
                  • spro23
                    SBR MVP
                    • 07-17-15
                    • 1129

                    #219
                    Most state governments are already insolvent and taxing people to death for school systems and dumbass Marxist teachers. Women always vote for socialism that's why they were never allowed to vote in the first place.
                    Comment
                    • slambam
                      SBR MVP
                      • 02-07-10
                      • 1653

                      #220
                      Why would they raise tax on sports betting, yet they don't on casino winnings? You should be paying taxes on winnings regardless, the fact that it's from an offshore or a legal local sportsbook makes no difference. The only difference is that they'll have a better trail, and it'll be easier to enforce it on people who don't pay their taxes.
                      Comment
                      • jtoler
                        BARRELED IN @ SBR!
                        • 12-17-13
                        • 30967

                        #221
                        Originally posted by slambam
                        Why would they raise tax on sports betting, yet they don't on casino winnings? You should be paying taxes on winnings regardless, the fact that it's from an offshore or a legal local sportsbook makes no difference. The only difference is that they'll have a better trail, and it'll be easier to enforce it on people who don't pay their taxes.
                        dont agree on should be paying taxes, but I dont think anyone wants gov't in any more of their business they may say they dont care now, but they will
                        Comment
                        • sourtwist
                          SBR Hall of Famer
                          • 11-10-12
                          • 9364

                          #222
                          Originally posted by slambam
                          Why would they raise tax on sports betting, yet they don't on casino winnings? You should be paying taxes on winnings regardless, the fact that it's from an offshore or a legal local sportsbook makes no difference. The only difference is that they'll have a better trail, and it'll be easier to enforce it on people who don't pay their taxes.
                          If i am taking a chance at losing my money, i shouldn't have to pay taxes in the event that i win. Gambling winnings should not be taxed, and if you are willingly paying taxes on gambling winnings you are an idiot.
                          Comment
                          • hubie69
                            SBR Hall of Famer
                            • 09-16-10
                            • 7329

                            #223
                            I don't know if the leagues will even get a cut (I do think they will thought), but sure they can ask. Like really what is NJ going to do if the NBA demands a cut? They don't need the NBA's approval to allow wagering on it (I don't think......somebody correct me?)
                            Comment
                            • KRIT
                              SBR Posting Legend
                              • 01-11-14
                              • 12878

                              #224
                              Ok I'm going to ask a bunch of dumb questions because I don't follow this at all.

                              Which states do we expect to move forward with gambling? What is the forecast for my state, Washington State?

                              Where will the places to place bets be? Inside of casinos like in vegas, or are these going to be whole in the wall places where you can place a bet at a counter like you would take out food?

                              Can we expect to see it in NBA/NFL/MLB arenas and stadiums?
                              Comment
                              • slambam
                                SBR MVP
                                • 02-07-10
                                • 1653

                                #225
                                Originally posted by sourtwist
                                If i am taking a chance at losing my money, i shouldn't have to pay taxes in the event that i win. Gambling winnings should not be taxed, and if you are willingly paying taxes on gambling winnings you are an idiot.
                                So... do you ever claim your casino losses?
                                Comment
                                • WolfTicketDealer
                                  SBR Sharp
                                  • 11-05-17
                                  • 384

                                  #226
                                  Originally posted by slambam
                                  So... do you ever claim your casino losses?
                                  Losses can only be deducted against winnings. You can't write off gambling losses against regular income.
                                  Comment
                                  • jjgold
                                    SBR Aristocracy
                                    • 07-20-05
                                    • 388179

                                    #227
                                    It will take many years for even 1/2 usa states to have full blown wagering

                                    lots of red tape and laws and voting has to be done
                                    Comment
                                    • Plaza23
                                      SBR Hall of Famer
                                      • 12-29-13
                                      • 7392

                                      #228
                                      The only party this decision hurts is Las Vegas hotel owners. Going to be harder to fill those rooms when you can wager from your home computer.
                                      Comment
                                      • thetrinity
                                        SBR Posting Legend
                                        • 01-25-11
                                        • 22430

                                        #229
                                        Originally posted by KRIT
                                        Ok I'm going to ask a bunch of dumb questions because I don't follow this at all.

                                        Which states do we expect to move forward with gambling? What is the forecast for my state, Washington State?

                                        Where will the places to place bets be? Inside of casinos like in vegas, or are these going to be whole in the wall places where you can place a bet at a counter like you would take out food?

                                        Can we expect to see it in NBA/NFL/MLB arenas and stadiums?
                                        My personal opinion is that it will be like poker stars NJ online and then the casinos will add sports books. It will be kept to the net and b and m casinos
                                        Comment
                                        • ikid2groove415
                                          SBR Posting Legend
                                          • 01-08-18
                                          • 11981

                                          #230
                                          Originally posted by Plaza23
                                          The only party this decision hurts is Las Vegas hotel owners. Going to be harder to fill those rooms when you can wager from your home computer.
                                          Wrong - Vegas makes most of there money off 1.slot machines 2.table games 3.clubs/entertainment/shopping - sports betting is the least they profit
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388179

                                            #231
                                            sportsbetting does not even dent vegas revenue
                                            Comment
                                            • jtoler
                                              BARRELED IN @ SBR!
                                              • 12-17-13
                                              • 30967

                                              #232
                                              Originally posted by jjgold
                                              sportsbetting does not even dent vegas revenue
                                              that is correct, it only dents us humans
                                              Comment
                                              • Plaza23
                                                SBR Hall of Famer
                                                • 12-29-13
                                                • 7392

                                                #233
                                                I just want Pinnacle and Bet365 to now be open to US players. That surely can get done very soon.

                                                The Costa Rican books like Heritage and 5d....they will need to step up their games and treat their US players with more respect. They've had a monopoly on US players forever. Those days are done.

                                                Better adapt or else.
                                                Comment
                                                • reigle9
                                                  SBR Posting Legend
                                                  • 10-25-07
                                                  • 17879

                                                  #234
                                                  Originally posted by Plaza23
                                                  I just want Pinnacle and Bet365 to now be open to US players. That surely can get done very soon.

                                                  The Costa Rican books like Heritage and 5d....they will need to step up their games and treat their US players with more respect.
                                                  sums it up
                                                  Comment
                                                  • Derailer
                                                    SBR Sharp
                                                    • 10-04-17
                                                    • 422

                                                    #235
                                                    Originally posted by KRIT
                                                    Ok I'm going to ask a bunch of dumb questions because I don't follow this at all.

                                                    Which states do we expect to move forward with gambling? What is the forecast for my state, Washington State?

                                                    Where will the places to place bets be? Inside of casinos like in vegas, or are these going to be whole in the wall places where you can place a bet at a counter like you would take out food?

                                                    Can we expect to see it in NBA/NFL/MLB arenas and stadiums?
                                                    New Jersey is really the only state ready to roll. Connecticut and Pennsylvania are apparently the closest behind with West Virginia and Mississippi having opened the door.

                                                    However, it was a shock that the Supreme Court took the case and an even bigger shock that they made it legal so there is going to be a lot going on both ways with some looking to advance and others trying to lock the door.

                                                    Apparently not even on Washington's radar thus far.
                                                    Comment
                                                    • Ramster
                                                      SBR Hustler
                                                      • 06-08-09
                                                      • 81

                                                      #236
                                                      It will directly impact their revenue with folks choosing to bet on something instead of sitting at a table or the slots.
                                                      Comment
                                                      • ikid2groove415
                                                        SBR Posting Legend
                                                        • 01-08-18
                                                        • 11981

                                                        #237
                                                        Originally posted by Plaza23
                                                        I just want Pinnacle and Bet365 to now be open to US players. That surely can get done very soon.

                                                        The Costa Rican books like Heritage and 5d....they will need to step up their games and treat their US players with more respect. They've had a monopoly on US players forever. Those days are done.

                                                        Better adapt or else.
                                                        Heritage rarely gives any bonus - cheap fcks
                                                        Comment
                                                        • BriGuy
                                                          SBR MVP
                                                          • 12-06-11
                                                          • 1556

                                                          #238
                                                          Originally posted by jtoler
                                                          dont agree on should be paying taxes, but I dont think anyone wants gov't in any more of their business they may say they dont care now, but they will
                                                          I don't want the government in on my business, but it is nice to know that I have the benefit of regulation, meaning casinos can't just take my money and disappear, or refuse to pay, or slow pay.
                                                          Comment
                                                          • BriGuy
                                                            SBR MVP
                                                            • 12-06-11
                                                            • 1556

                                                            #239
                                                            Originally posted by Derailer
                                                            However, it was a shock that the Supreme Court took the case and an even bigger shock that they made it legal so there is going to be a lot going on both ways with some looking to advance and others trying to lock the door.
                                                            While it may have been a shock they took the case, once they took it the overwhelming conventional wisdom was that NJ was going to win. So states have had about a year to prepare for today.
                                                            Comment
                                                            • Natty68
                                                              SBR Wise Guy
                                                              • 05-11-14
                                                              • 550

                                                              #240
                                                              Originally posted by Derailer
                                                              New Jersey is really the only state ready to roll. Connecticut and Pennsylvania are apparently the closest behind with West Virginia and Mississippi having opened the door.

                                                              However, it was a shock that the Supreme Court took the case and an even bigger shock that they made it legal so there is going to be a lot going on both ways with some looking to advance and others trying to lock the door.

                                                              Apparently not even on Washington's radar thus far.
                                                              My dumb question. Foxwoods has already said there moving quickly to get a book operational. I live next state over. Could I get the sportsbook app right off
                                                              then just drive down highway til I get over Connecticut state line, stop at the first rest stop over state line and put my bets in from there?
                                                              Comment
                                                              • jjgold
                                                                SBR Aristocracy
                                                                • 07-20-05
                                                                • 388179

                                                                #241
                                                                All the leagues now want cuts the lines are going to be terrible


                                                                Any serious gambler has to play offshore he has no choice
                                                                Comment
                                                                • slambam
                                                                  SBR MVP
                                                                  • 02-07-10
                                                                  • 1653

                                                                  #242
                                                                  Originally posted by WolfTicketDealer
                                                                  Losses can only be deducted against winnings. You can't write off gambling losses against regular income.
                                                                  Well true, I shoulda said more there. Guy was acting like he's taxed when he cashes the ticket. Most people aren't really going to be claiming too much (if anything) in winnings after losses are deducted. It's everybody's choice to claim or not, but if somebody wins a hefty amount, they better claim or hope they don't get audited.
                                                                  Comment
                                                                  • A Quant
                                                                    SBR MVP
                                                                    • 05-14-18
                                                                    • 1357

                                                                    #243
                                                                    Originally posted by jjgold
                                                                    sportsbetting does not even dent vegas revenue
                                                                    A little clueless much?




                                                                    Total revenue from sports wagering in 2017 — $248.8 million — was a new record. That eclipsed the $231.8 million the books held in 2015. The state’s books held about 5.1 percent of all wagers last year.
                                                                    Revenue eclipsed $200 million for the first time in 2013, and the state hasn’t dropped below that number again:
                                                                    • 2013: $202.8 million
                                                                    • 2014: $227 million
                                                                    • 2015: $231.8 million
                                                                    • 2016: $219.2 million

                                                                    The total amount wagered in the state came out to $4.87 billion, also a record. That easily beat last year’s handle figure of $4.51 billion. Handle has grown leaps and bounds in recent years; it has now been in excess of $4 billion for three straight years. In 2010, handle clocked in at $2.1 billion.
                                                                    Comment
                                                                    • mrpapageorgio
                                                                      SBR MVP
                                                                      • 09-07-17
                                                                      • 2974

                                                                      #244
                                                                      Originally posted by Natty68
                                                                      My dumb question. Foxwoods has already said there moving quickly to get a book operational. I live next state over. Could I get the sportsbook app right off
                                                                      then just drive down highway til I get over Connecticut state line, stop at the first rest stop over state line and put my bets in from there?
                                                                      Depends if they're even going to allow app betting off the bat and what the details will be.

                                                                      I will say this summer will be very active for sports betting. A lot of states are going to race to get something in place before September.
                                                                      Comment
                                                                      • unlearn
                                                                        SBR Hall of Famer
                                                                        • 03-22-14
                                                                        • 9032

                                                                        #245
                                                                        Oh the irony of all the conservatives bashing liberals itt. You do realize your redneck states will never pass sports gambling because they still believe in Jesus in 2018
                                                                        Comment
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