If New Jersey wins

[Natty68]

Will the Feds lighten up on the off-shore processors at all? Maybe make it a little easier to get money to and from Costa Rica using the old **/** methods. Any chance of Pinny coming back to U.S.?

[Crusherrr]

Offshore is already as easy as it gets. If you stick with an A rated book you can get your money into your bank within 2 days in most cases with Bitcoin. I remember going to the grocery store every week sending $1k to some made up name in Nicaragua or Philippines to get money onto some site. That was infinitely worse than dealing with Crypto and the fees were bad for players and the books. Bitcoin is the greatest thing to happen to online gambling, better than legalized/regulated gambling would ever be.

[Copper00]

If New Jersey wins what? If your talking about sports betting we no longer have the worst governor in the history. Medical marijuana program was fixed and still being changed around, and eventually it will be recreational most likely by next year or at some point then. Sports betting is most likely going to be around too soon. Christie was against it unless there was some rediculous high tax or something that came with it. It was already approved in a vote by the residents of New Jersey, and I think it went through board approval too, but in the end Christie wouldn’t allow it.

[Natty68]

I never went to Bitcoin. I was about to then two of my friends got skinned alive in the whole bitconnect thing and I got skittish. I'd be fine being able to use eastern u n I o n and munneygrem again without getting flagged. That's what I was asking.

[Natty68]

My state (Mass) will f\*\*k it up like they f\*\*k everything else up. Besides, even if they open up a book at, say, Foxwoods I doubt they'll offer team totals. That's 80% of my betting. Offshore will still be the best option. Just sick of playing processor games trying to get paid.

[themike78]

I never went to Bitcoin. I was about to then two of my friends got skinned alive in the whole bitconnect thing and I got skittish. I'd be fine being able to use eastern u n I o n and munneygrem again without getting flagged. That's what I was asking.

Those many transfer places suck. They banned me when I sent funds to someone and it wasn't even gambling related. You used to be able to send with a fake name now you need i.d to just send money. Fuk them.

[mrpapageorgio]

Doubt they'll make it easier for the offshore processors. They may even make try to crack down and make it harder in order to get you to use the legal books in the local casinos.

As for Pinny coming to the U.S., depends if they want to try and offer it in each state and apply to do business there.

Side Note: Bitconnect was a Ponzi scheme and shouldn't have been touched in a million years by "investors" who did any sort of due diligence. What happened with them shouldn't discourage using Bitcoin. As long as you're using it to just deposit/withdraw with a book and then quickly exchange the bitcoin for fiat, you shouldn't have a problem with it. Don't "invest" in these other alt coins/business ventures if you don't know what you're doing or researching.

[Optional]

I never went to Bitcoin. I was about to then two of my friends got skinned alive in the whole bitconnect thing and I got skittish. I'd be fine being able to use eastern u n I o n and munneygrem again without getting flagged. That's what I was asking.

If they repeal the UIEGA laws then it should not be illegal for them anymore so it probably will open up more again.

[PharaohUB]

Will the Feds lighten up on the off-shore processors at all? Maybe make it a little easier to get money to and from Costa Rica using the old **/** methods. Any chance of Pinny coming back to U.S.?

The government would now have a stronger financial incentive to deter offshore. I would expect tighter control not less.

[Natty68]

???. If its technically not illegal to engage in an activity how could they have an issue. It's like saying Amazon is stealing customers from brick and mortar Wal-Mart so we need to somehow penalize them. Obviously they would prefer one use local books so, and this is the only thing they give a chit about, they can get their greasy little fingers in the pie. People around me are so fond of using all-encompassing statements like 'offshore gambling is illegal.' As if that ends any and all discussion then and there. But, since NO ONE HAS EVER BEEN ARRESTED FOR USING OFFSHORES, doesn't that make it exponentially less illegal than speeding or even jaywalking. Thousands of people get in trouble every day for those activities. But they don't want to hear about that,even if it is a perfectly suitable analogy, not ridiculous at all. I think ultimately you guys are are right. The IRS and local state revenue departments want to keep control of the dollars and with offshore it allows people to hide too much income. I just hope they don't do a poker stars type thing. One day you wake up and boom.....it's over

[mrpapageorgio]

???. If its technically not illegal to engage in an activity how could they have an issue. It's like saying Amazon is stealing customers from brick and mortar Wal-Mart so we need to somehow penalize them. Obviously they would prefer one use local books so, and this is the only thing they give a chit about, they can get their greasy little fingers in the pie. People around me are so fond of using all-encompassing statements like 'offshore gambling is illegal.' As if that ends any and all discussion then and there. But, since NO ONE HAS EVER BEEN ARRESTED FOR USING OFFSHORES, doesn't that make it exponentially less illegal than speeding or even jaywalking. Thousands of people get in trouble every day for those activities. But they don't want to hear about that,even if it is a perfectly suitable analogy, not ridiculous at all. I think ultimately you guys are are right. The IRS and local state revenue departments want to keep control of the dollars and with offshore it allows people to hide too much income. I just hope they don't do a poker stars type thing. One day you wake up and boom.....it's over

They won't be going after the players; their issue would be with the offshore books making money without paying the piper. Amazon and Wal-Mart both pay taxes (to the feds at least) so they don't care about them fighting each other for customers. Why did Al Capone go to jail? Not for murder, but not paying his taxes.

If books become legal, then the operations that will be paying fees and taxes to run a legal book will be putting their own pressure on the states/feds to go after those not paying taxes (offshore books) since it gives a competitive advantage to the offshores.

[jbayko]

???. If its technically not illegal to engage in an activity how could they have an issue. It's like saying Amazon is stealing customers from brick and mortar Wal-Mart so we need to somehow penalize them. Obviously they would prefer one use local books so, and this is the only thing they give a chit about, they can get their greasy little fingers in the pie. People around me are so fond of using all-encompassing statements like 'offshore gambling is illegal.' As if that ends any and all discussion then and there. But, since NO ONE HAS EVER BEEN ARRESTED FOR USING OFFSHORES, doesn't that make it exponentially less illegal than speeding or even jaywalking. Thousands of people get in trouble every day for those activities. But they don't want to hear about that,even if it is a perfectly suitable analogy, not ridiculous at all. I think ultimately you guys are are right. The IRS and local state revenue departments want to keep control of the dollars and with offshore it allows people to hide too much income. I just hope they don't do a poker stars type thing. One day you wake up and boom.....it's over

If it’s legal to sell OxyContin in a licensed pharmacy then why should the government care if I’m buying pills from the guy down the street?

It’s not like Amazon and WalMart at all. Unless offshore books become licensed and adhere to all US regulations, they will be a problem.

[Optional]

The government would now have a stronger financial incentive to deter offshore. I would expect tighter control not less.

If they legalize books then they have to drop the UIEGA rules on banks so that the legal industry can use them.

How do you anticipate they could make the control tighter?

It was clutching at straws to put the legal onus on banks to work out what was from gambling or not. And tenuously legal itself.

[dark star]

Monday should be a big day for Jersey

[Natty68]

If it’s legal to sell OxyContin in a licensed pharmacy then why should the government care if I’m buying pills from the guy down the street?

It’s not like Amazon and WalMart at all. Unless offshore books become licensed and adhere to all US regulations, they will be a problem.

I see your point. Off course I was speaking of the activity, not the tax ramifications. I don't know of too many instances where the possibility exists where Wal-Mart or Amazon are going to be sending customers potentially TENS OF THOUSANDS of taxable dollars.

[Natty68]

Now I'm seeing it. Not only would they have to worry about the regulations and taxes involved with running a book, they'd also have to worry about the tax implications involved with players winnings. So they'd almost have to act like a state lottery agent. They won't go for that. Don't know what to think now.

[jbayko]

I see your point. Off course I was speaking of the activity, not the tax ramifications. I don't know of too many instances where the possibility exists where Wal-Mart or Amazon are going to be sending customers potentially TENS OF THOUSANDS of taxable dollars.

It’s not just taxes. I used the example of drugs because it’s obvious that the government also sets regulations in that industry to help protect consumers, society, competition with other businesses, etc. That’s true everywhere.

[jjgold]

It will take years and years for usa sports betting to be a decent product and will never be PC based like offshore, nice to have but offshore will always be king

They are just too advanced software side and brains side

[mrpapageorgio]

It will take years and years for usa sports betting to be a decent product and will never be PC based like offshore, nice to have but offshore will always be king

They are just too advanced software side and brains side

Oh yes, because 5Dimes' software is so cutting edge that the 1990's production date sticker residue can still be seen from when it was peeled off.

[Drydin]

MGM is sending techs to New Jersey in preparation of the Bill passing. They fully expect it to happen sometime this Month.

[cornmeal]

Betfair Im told is ready to roll as well...

[turkkatarian]

I've been hearing all this bulshit for years about it being Legalized in the states. Don't believe it til you see it. It aint gonna happen. Nevada won't let it happen.

[DwightShrute]

Offshore is already as easy as it gets. If you stick with an A rated book you can get your money into your bank within 2 days in most cases with Bitcoin. I remember going to the grocery store every week sending $1k to some made up name in Nicaragua or Philippines to get money onto some site. That was infinitely worse than dealing with Crypto and the fees were bad for players and the books. Bitcoin is the greatest thing to happen to online gambling, better than legalized/regulated gambling would ever be.

Huh? You must be joking.

[jbayko]

I've been hearing all this bulshit for years about it being Legalized in the states. Don't believe it til you see it. It aint gonna happen. Nevada won't let it happen.

Isn't the difference here that the gatekeepers in this instance are the Supreme Court and not congressmen who are bought and sold every day?

[mrpapageorgio]

Isn't the difference here that the gatekeepers in this instance are the Supreme Court and not congressmen who are bought and sold every day?

Ya, this is the first time this has reached SCOTUS. It's not like before you had to deal with Congress which is notoriously resistant to change.

[PharaohUB]

If they legalize books then they have to drop the UIEGA rules on banks so that the legal industry can use them.

How do you anticipate they could make the control tighter?

It was clutching at straws to put the legal onus on banks to work out what was from gambling or not. And tenuously legal itself.

It’s just my hunch. Some other poster said it better about the taxes. Just because pot is now legal in certain states doesn’t mean it’s now legal to import pot from another country tax free and without regulation

[mrpapageorgio]

If they legalize books then they have to drop the UIEGA rules on banks so that the legal industry can use them.

How do you anticipate they could make the control tighter?

It was clutching at straws to put the legal onus on banks to work out what was from gambling or not. And tenuously legal itself.

They wouldn't have to drop UIEGA unless books want to start accepting credik cards or bank accounts through ACH to fund mobile betting accounts (if they enact it) for their sports book. Otherwise, they'll run it like the Vegas books where you go to the casino in-person and just fund your account by giving the cage cash and they'll credit your account.

Assuming SCOTUS rules in NJ's favor, I would guess the gaming industry would just offer mobile betting (if they wanted to) like Vegas does where cash is king and turn their attention to lobbying congress to change or repeal UIEGA.