Offshore is going to grow like you’ve never seen

[Hman]

In the end some ppl will play offshore, some will play with U.S. books, and some will play at both.

Offshore is going nowhere & in the long run may even strengthen once all the newbs fall into sports betting per legalization, and along the way find the perks offshore that legal books just simply aren't going to offer.

[gauchojake]

Why would anyone waste time going to a sports book to place a 10 dollar fukkin bet? Personally I’m far more likely to bet bigger again with a option I can walk in and get my cash after a win.

They won't. They will go to a kiosk at a game and while they are getting popcorn and a cold one will plop down a 20 on their team. I mean you will probably get the standard degen who hangs at the casino picking up tickets and betting keno, but I imagine most of the small bets will be made by Joe public at a game or just outside the gates.

[jbayko]

Offshore doesn’t care because it cannot be beaten because of the very very low cost to operate

Also a different type of a market of gamblers, offshore is not looking for the $10 gambler any longer

They would love to unload them to the legal books

My fear is that they will be beaten by the U.S. government once the legal gaming lobby convinces the Justice Department to go after those non-tax paying scum that are eating their market share.

[Hman]

My fear is that they will be beaten by the U.S. government once the legal gaming lobby convinces the Justice Department to go after those non-tax paying scum that are eating their market share.

Eh the govt has never put as much effort as they could have into shutting down offshore & one of the whole arguments of legalization was that "it's going on anyhow".

Therefore they will be content with the theory that ppl are going to stop betting offshore since it's available to them legally now in the states.

They aren't going to do anything extra now to crack down on it.

[Sam Odom]

They aren't going to do anything extra now to crack down on it.

JFC

in a few yrs when legislatures (state and fed) see the lost tax $$$ via wagers being sent offshore... bet your ass they will try to cut it out


.

[jbayko]

Eh the govt has never put as much effort as they could have into shutting down offshore & one of the whole arguments of legalization was that "it's going on anyhow".

Therefore they will be content with the theory that ppl are going to stop betting offshore since it's available to them legally now in the states.

They aren't going to do anything extra now to crack down on it.

The key change is that there will now be a considerably larger legal sports betting market, so the lobbying could be much stronger. It happened to poker. It happened to ThePirateBay. It happens when you least expect it.

It’s just a concern of mine. You may be right that it doesn’t come to fruition.

[Hman]

JFC

in a few yrs when legislatures (state and fed) see the lost tax $$$ via wagers being sent offshore... bet your ass they will try to cut it out


.

That's your opinion Sam.

Nobody even knows to this day the true numbers that have been bet offshore.

Its all estimates by many different ppl.

What makes you think they will suddenly be able to track and "see the lost tax $$$ via wagers being sent offshore". ?

They cant, wont, and will be satisfied with the fact they've they've legalized it & assume its stopped for the most part or at least be content with the idea it's slowed.

We can agree to disagree here no biggie.

[Sam Odom]

Nobody even knows to this day the true numbers that have been bet offshore.

What makes you think they will suddenly be able to track and "see the lost tax $$$ via wagers being sent offshore". ?

http://www.espn.com/chalk/story/_/id/22261485/americans-expected-bet-476-billion-super-bowl-lii

Americans are expected to bet $4.76 billion on Super Bowl LII between the New England Patriots and the Philadelphia Eagles, according to estimates released Tuesday by the American Gaming Association.

Only 3 percent of the $4.76 billion wagered on the Super Bowl will take place in Nevada, according to the AGA, which represents the U.S. casino industry. The rest of the money will be bet with offshore sportsbooks and locals

[Sam Odom]

That's your opinion Sam.

an informed one

We can agree to disagree here no biggie.

Correct

[USCPHILLYGUY]

Offshore doesn’t care because it cannot be beaten because of the very very low cost to operate

Also a different type of a market of gamblers, offshore is not looking for the $10 gambler any longer

They would love to unload them to the legal books

Another quality post. They will just bet online as NJ will be up and running shortly.

Played golf yesterday with a guy who works at Caesars. Their sportsbook will be located at The Wild Wild West area that connects w Bally’s. Laughs when people criticize an operation that’s been up and running for 6 weeks!

[KVB]

Sammy, maybe instead of cutting offshore, they force the one's who want American players to incorporate and pay taxes on the American business they do.

Many won't do that, and that keeps the online US market somewhat available.

Does William Hill in Nevada pay US Federal taxes? Not considering state taxes here.

[USCPHILLYGUY]

That's your opinion Sam.

Nobody even knows to this day the true numbers that have been bet offshore.

Its all estimates by many different ppl.

What makes you think they will suddenly be able to track and "see the lost tax $$$ via wagers being sent offshore". ?

They cant, wont, and will be satisfied with the fact they've they've legalized it & assume its stopped for the most part or at least be content with the idea it's slowed.

We can agree to disagree here no biggie.

I could see the federal government getting involved here. Seems like a lot of $$ they are missing out on. Wonder how many said govt. would not get involved in online poker

[Sam Odom]

Not trying to be an ass here... just been around a good long while and know how politicians think

Also , not 'picking' on Hman

Sammy, maybe instead of cutting offshore, they force the one's who want American players to incorporate and pay taxes on the American business they do.

Who knows! But that would be very hard to regulate and verify unlike U.S. based companies

[Hman]

I could see the federal government getting involved here. Seems like a lot of $$ they are missing out on. Wonder how many said govt. would not get involved in online poker

Then why havent they cared the last 30 years lol?

I have been covering this & telling posters in threads for many years that legalization was coming, and 80% laughed.

I like my odds that im right about this discussion as well.

But who knows

[USCPHILLYGUY]

Not trying to be an ass here... just been around a good long while and know how politicians think

Also , not 'picking' on Hman





Who knows! But that would be very hard to regulate and verify unlike U.S. based companies

agreed Sammy. Was in the background when new owners bought our course and wanted to put housing up. All it took was money to the right politician from the neighborhood to make the property a DEP Green Acres Land

[USCPHILLYGUY]

Then why havent they cared the last 30 years lol?

I have been covering this & telling posters in threads for many years that legalization was coming, and 80% laughed.

I like my odds that im right about this discussion as well.

But who knows

They haven’t cared because there was 1 state who had legalized gambling. That has changed. Lol

I have no stake in the game other than convenience so for your sake hoping it works out for you

[jjgold]

100 medium size credit players at Bookmaker more profitable than 2000 small players Legal shops

[Sam Odom]

Reportedly , in 5 yrs 20 states will have a form of sports wagering. so , there will be 40 Senators instead of 2 (god knows the # Representatives) putting pressure on the Feds to choke off the betting money (not taxed) fleeing the USA

[Hman]

They haven’t cared because there was 1 state who had legalized gambling. That has changed. Lol

I have no stake in the game other than convenience so for your sake hoping it works out for you

Works out for me??

Nobody was as excited as i was when PASPA was struck down since I'd predicted it for years & caught heat for it.

It's funny that no matter what happens, the naysayers have a new philosophy.

First it was legalization will never happen.

It did.

Now the same ppl who said it would never happen suddenly jump on the legalization-bandwagon & say offshore is doomed. (Make up your mind ppl)

Then when valid reasons & explanations are given as to why ppl will continue to play offshore (perks legal books will never offer) those ppl say the govt will shut it down.

Its kinda funny, but only time will tell.

[Hman]

Not trying to be an ass here... just been around a good long while and know how politicians think

Also , not 'picking' on Hman





Who knows! But that would be very hard to regulate and verify unlike U.S. based companies

I know sammy its just fun conversation & as competitors in our blood (comes with sports & betting) we all want to be right.

[USCPHILLYGUY]

Works out for me??

Nobody was as excited as i was when PASPA was struck down since I'd predicted it for years & caught heat for it.

It's funny that no matter what happens, the naysayers have a new philosophy.

First it was legalization will never happen.

It did.

Now the same ppl who said it would never happen suddenly jump on the legalization-bandwagon & say offshore is doomed. (Make up your mind ppl)

Then when valid reasons & explanations are given as to why ppl will continue to play offshore (perks legal books will neber offer) those ppl say the govt will shut it down.

Its kinda funny, but only time will tell.

Yes. You work in the industry. I do not

[ZINISTER]

My local said that is why he will prosper in the end. The punters left over from the offshore shut downs will come to him instead of the state ran sports books. I don't see casinos getting what they think will be coming their way. Players are set in there ways. They have been doing fine for many years without the help of the government getting their bets off. The people that have no connects to a local or don't want to bother with offshore will put in his bets through a legal book. The few good books that exist locally will always be in business. If you have a good local book you are in the best company! I don't hear much talk about locals on here. Must be a dying breed.

[KVB]

My local said that is why he will prosper in the end. The punters left over from the offshore shut downs will come to him instead of the state ran sports books. I don't see casinos getting what they think will be coming their way. Players are set in there ways. They have been doing fine for many years without the help of the government getting their bets off. The people that have no connects to a local or don't want to bother with offshore will put in his bets through a legal book. The few good books that exist locally will always be in business. If you have a good local book you are in the best company! I don't hear much talk about locals on here. Must be a dying breed.

Totally plausible.

Good thoughts here.

[pavyracer]

Is there data showing how many offshore books went out of business in the last 20 years and how many are still in business from 20 years ago to compare? I don't want to miss on the never before seen growth that will happen now.

[ZINISTER]

Totally plausible.

Good thoughts here.

ok...

[KVB]

ok...

Dude, laughing guys was a total mistake.

I was agreeing with you and posted to say I liked the thoughts.

Didn't even know laughing guy was in there.

Sorry bro.

[ZINISTER]

Squashed.

[jbayko]

Sammy, maybe instead of cutting offshore, they force the one's who want American players to incorporate and pay taxes on the American business they do.

Many won't do that, and that keeps the online US market somewhat available.

Does William Hill in Nevada pay US Federal taxes? Not considering state taxes here.

That will never happen. That's like telling Al Capone that everything's cool as long as he starts paying taxes and following all applicable laws from now on. These companies are stigmatized.

Also, that transition would be difficult considering betting won't be legalized in every state, yet most of these books are indiscriminate about who they accept. They'd have to completely change their business models.

[KVB]

That will never happen. That's like telling Al Capone that everything's cool as long as he starts paying taxes and following all applicable laws from now on. These companies are stigmatized.

Also, that transition would be difficult considering betting won't be legalized in every state, yet most of these books are indiscriminate about who they accept. They'd have to completely change their business models.

Yeah, I definitely see the extreme and almost ridiculous problems with it.