Some Casino Leaders Think Trump Will Fast Forward Sports Gambling

[Mr KLC]

Some powerful folks in the American casino world are betting on Donald Trump fast-forwarding the push toward legalized sports gambling in this country.

In his year-end conference call with reporters, Geoff Freeman, president of the pro-casino American Gaming Association (AGA) trade group, said Trump’s firsthand business experience within the gaming industry bodes well for a repeal of federal law barring sports betting in most states.

“With regards to sports betting, I think that we are entering a perfect storm,’’ Freeman said.

Freeman cited interest among television broadcasters and individual team owners in repealing the 1992 Professional and Amateur Sports Protection Act (PASPA), a federal law allowing sports betting only in Nevada, Delaware, Oregon and Montana (with only Nevada and Delaware offering it).

With Trump, he added, there is an incoming U.S. president who “worked in the gaming industry and was quoted as recently as about a year ago on Colin Cowherd’s (Fox Sports) show talking about the failed law that we have today and the benefits of regulation.’’

What Trump told Cowherd in November 2015 when asked about sports betting and daily fantasy sports was: “I’m OK with it because it’s happening anyway. Whether you have it (PASPA) or you don’t have it, you have it (sports gambling).’’

Indeed, the ascension of sports betting into what Freeman calls “mainstream” acceptance took a quantum leap two years ago when NBA commissioner Adam Silver broke with predecessor David Stern in calling for its legalization.

http://www.seattletimes.com/sports/other-sports/efforts-to-expand-legalized-betting-on-sports-gain-momentum/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all

[Otters27]

Well. I don't think he like how the offshore get all of the money. He would rather US. have it and crush the offshores

[SBR_Guest_Pro]

Vegas will donate a lot of money to his campaigns to make sure it's not legalized in rest of country

[pilebuck13]

Vegas will donate a lot of money to his campaigns to make sure it's not legalized in rest of country

? That makes no sense these casinos could be at the forefront of sports gambling threw the web to the whole United States they would not be against that

[rm18]

They already have the betting apps but you have to be in Nevada, it would be great for them if guys could place Vegas bets in Iowa.

[pilebuck13]

They already have the betting apps but you have to be in Nevada, it would be great for them if guys could place Vegas bets in Iowa.

Exactly what I was trying to say they would not be against this being legal across the us

[Cuse0323]

Man, I hope so. Not for me, or anyone else, but the USA. It would be so beneficial to our economy, but every politician has to be so PC that it never gets far.

Hopefully he can pull it off. He knows the benefits of legalizing it. A man who knows the value of money as President. It's refreshing. Not to say this ever gets done since it will take a lot of maneuvering, but we're on the right path as a whole. IMO. 2017, here we come.

[SBR_Guest_Pro]

Why bet on an app if there is a physical sports book down the street from your house amd get your payouts sooner

[Optional]

Vegas will donate a lot of money to his campaigns to make sure it's not legalized in rest of country

The only way they wont is if they see a good cut of the pie for themselves locked into legislation.

[Sam Losco]

hopefully if this happens its just expansion of sportsbook across the country as apposed to some state-run betting bullshit like we have in canada

[Cuse0323]

The only way they wont is if they see a good cut of the pie for themselves locked into legislation.

Yeah, he has a lot of friends in Vegas. I doubt this happens, but the least of my worries.

[Snowball]

It's up to the individual states, and congress,
not the president.

congress would have to rescind federal laws against it
so that's up to congress, he could sign the bill
then each state chooses if they want it.

[TheMoneyShot]

I don't know about you guys... but if the USA legalized sports wagering... you'd be marked for life.

I'd rather not the govt know my wins and losses. Money in and out etc.

Just leave it as is.

[unde0087]

I don't know about you guys... but if the USA legalized sports wagering... you'd be marked for life.

I'd rather not the govt know my wins and losses. Money in and out etc.

Just leave it as is.

I would take having to file taxes on gambling over having to send money to another country and wonder if my money is safe, if I will be paid on winnings, or anything else out of my control happens. At least if it was legal you would be dealing with American companies so if something does happen you can actually have something done about it. I am growing sick of jumping through hoops to transfer money back and forth, as I watch the U.S. government pick off transfer routes one by one.

[Optional]

I don't know about you guys... but if the USA legalized sports wagering... you'd be marked for life.

I'd rather not the govt know my wins and losses. Money in and out etc.

Just leave it as is.

If gambling winnings are also made non taxable as well it would be ok. But agree regulation might be a tax nightmare for US bettors.

Along with all the other things, like higher juice.

[pilebuck13]

I would take having to file taxes on gambling over having to send money to another country and wonder if my money is safe, if I will be paid on winnings, or anything else out of my control happens. At least if it was legal you would be dealing with American companies so if something does happen you can actually have something done about it. I am growing sick of jumping through hoops to transfer money back and forth, as I watch the U.S. government pick off transfer routes one by one.

Agree I would gladly pay a tax when depositing or withdrawing then deal with off shore bs

[Optional]

Agree I would gladly pay a tax when depositing or withdrawing then deal with off shore bs

Maybe you should check out the reporting requirements before making that decision. Not really sure of them myself but from threads about it, sounds unfair and a bit of a nightmare. You can't just add up wins and losses and pay tax or claim on the difference at year end AFAIK.


Think there is some chance tax reform will come with legislation though. One of the justifications for it being non taxable other places is that taxing gambling winnings is a form of double taxation.

[TheMoneyShot]

For the posters that claim they would rather file taxes... than deal with the BS of offshore?!?!? What BS? Wouldn't be close to the BS that the IRS would bring to you. Sometimes being 100% honest... isn't the best thing.

Furthermore, imagine what kind of system would be implemented by each State? I would imagine it would be sort of like how you'd buy lottery tickets. You'd go place your sports wagers at a 7-11 or convenience store. That's just what I want to do... waste gas every single day to go and place wagers... then... once you win... cash in the ticket... waste more gas. Waste more time.

Someone who does this everyday.... it would be extremely exhausting.

[pilebuck13]

You can deduct your looses idk it's whatever....you only have to report what 2k or more anyway?

[jjgold]

lol

nobody wins so you do not have to worry about paying taxes

It will never pass ever


Offshore your best option or Vegas.top books offshore 10xxxx better than Vegas other than of course quick withdraws in Vegas

[rkelly110]

lol

nobody wins so you do not have to worry about paying taxes

It will never pass ever


Offshore your best option or Vegas.top books offshore 10xxxx better than Vegas other than of course quick withdraws in Vegas

Hey pal, after doing my year end review, I won almost a unit for the year.

[SBR_Guest_Pro]

For the posters that claim they would rather file taxes... than deal with the BS of offshore?!?!? What BS? Wouldn't be close to the BS that the IRS would bring to you. Sometimes being 100% honest... isn't the best thing.

Furthermore, imagine what kind of system would be implemented by each State? I would imagine it would be sort of like how you'd buy lottery tickets. You'd go place your sports wagers at a 7-11 or convenience store. That's just what I want to do... waste gas every single day to go and place wagers... then... once you win... cash in the ticket... waste more gas. Waste more time.

Someone who does this everyday.... it would be extremely exhausting.

Waste gas to cash in a ticket? If you're worried about a couple cents in gas to get your profits, might be too strung on money to bet. Can always take a bike also, or walk, or get a scooter.

[unusialsusp5]

you can forget about 110-100 if it's legalized. lucky to get 120-100 and if you think you can beat those odds on a daily or nightly basis then dream on.

[Philmill]

careful if you ask for it...you might get it..........just leave it how it is......keep the masses out of it....

Trump knows..........

[shockey43]

you can forget about 110-100 if it's legalized. lucky to get 120-100 and if you think you can beat those odds on a daily or nightly basis then dream on.

Could easily see them increasing the shit out of the juice or imposing something to make capping more of hassle for those who do it consistently.

[jjgold]

careful if you ask for it...you might get it..........just leave it how it is......keep the masses out of it....

Trump knows..........

strong post Philly