Supreme Court Approves State Sports Betting

[A4K]

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.

[hubie69]

This would be interesting to see SBR betpoints being used for State level bookies....winning points for rewards at local bookies

[SharpAngles]

If they tax it even higher though I'll switch back to online books

If?

[thechaoz]

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

[Ramster]

Or what fees they will charge in the form of a tax.

no less than 30% or whatever the STCG rate.

[spro23]

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

[Ramster]

Feels like a Trump move. He bankrupted a couple of casinos. Now it's the us.gov

[VeggieDog]

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!

[spro23]

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.

[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.

[jtoler]

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

[sourtwist]

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.

[hubie69]

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?)

[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?

[slambam]

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?

[WolfTicketDealer]

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.

[jjgold]

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

[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.

[thetrinity]

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

[ikid2groove415]

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

[jjgold]

sportsbetting does not even dent vegas revenue

[jtoler]

sportsbetting does not even dent vegas revenue

that is correct, it only dents us humans

[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.

[reigle9]

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

[Derailer]

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.

[Ramster]

It will directly impact their revenue with folks choosing to bet on something instead of sitting at a table or the slots.

[ikid2groove415]

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

[BriGuy]

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.

[BriGuy]

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.

[Natty68]

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?

[jjgold]

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


Any serious gambler has to play offshore he has no choice

[slambam]

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.

[A Quant]

sportsbetting does not even dent vegas revenue

A little clueless much?

https://www.legalsportsreport.com/18130/nevada-sportsbooks-2017/

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.

[mrpapageorgio]

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.

[unlearn]

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