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Tony was obviously a lot smarter than her. She had the golden goose and f'ed it up.Comment -
Absolute ZERO chance of 5D ever entering the US MarketComment -
LOL its like Tony paying Mel 10K a month plus 2 first class tickets to the resurection in scarface.....What a dummmy one step in USA all the talk goes out window and most likely jailComment -
5Dimes could probably double current NJ tax revenue all by themselves.
State govt will want it to happen..Comment -
Lets state two obvious problems :
1) an Unsolved Murder mystery
2) after giving their existing customers less than a Month to cash-out........they reneged on paying out Futures/Open Parlays
As a longtime 5D customer and proponent, it will be extremely tough to get past those issuesComment -
Why do you think that? NJ already has sportsbooks. I doubt 5Dimes would double the amount of sports gambling revenue. People in NJ who want to bet have found a place to bet by now.
Anyways, I'll be researching which government officials I should contact to warn against allowing these cheats in the door.Comment -
Huge userbase and already knowing all the whales mostly. But also decades of experience giving serious American bettors what they want versus Euro controlled backends everywhere else.
Whether those players find a 5Dimes version with regulated KYC as attractive is another thing.
From a US regulators point of view, it stamps out a huge chunk of the competition by licensing them. I'd be more surprised if it doesn't happen myself..Comment -
5Dimes has started setting openers. They are ready to hit the ground running.Comment -
Didnt they pay the fines to us govt to enter the market legallyComment -
5Dimes has literally not a snowballs chance in hell. 5Dimes doubling NJ's tax revenue by themselves is maybe the silliest statement I've read all year. That made me laugh. Anything could happen, but no clue how that calculation could be sincere.Comment -
people in NJ are already betting at books. if anything, those people switch to 5 dimes for another book. i don't think more people will bet just because 5 dimes enters in NJ.Comment -
According to a report I read recently the average bettor in NJ is currently spending 50 cents per day annualized.
If 5Dimes can offer something that attracts bettors averaging $5 per day, they will only need 100,000 users per million people currently betting in NJ to double tax revenue.
Anyway, you guys might be correct. And they may not even get a license yet. We'll see..Comment -
50 cents a day in losses is $180 per year. That's probably about right for a casual bettor staking 50-100 bucks a week just to bet their own teams and wins around 50% of the time.
I think the vast majority of 5Dimes old US customer base are serious enough about betting that they would be willing to sustain an average $35/week loss year in and out. So my $5/day avg could be low if they played the opportunity well..Comment -
5Dimes has paid their penalty so they are legit. They will contribute to politicans re-election campaigns. 5Dimes and politicians go hand in glove.
If 5Dimes gets in NJ, they will own it. They are setting openers now in preparation. They are doing everything right. It is pure genius. All they need is their foot in the door and they are off to the races.Comment -
Also if you think 5Dimes is doing all this stuff with no indication at all that they can get in the US market, you are clueless. They know something you don't know.Comment -
Right. This is where I was going earlier. We're not talking about 5Dimes' entire US customer base - only NJ. And of those users, most are already betting somewhere else in NJ. So they won't be bringing much new business, if any. They'll be taking existing business from someone else. 5Dimes NJ won't be 5Dimes offshore - it will be affected by the expense of operating in a regulated industry. And therefore, it won't be as attractive to the sharp and/or low-vig bettors.Comment -
5dimes new interface is awful after booting americans. Takes 5-10 click to get to menu after login.. Odds and props are still great , but its one of the worst books to navigate now.Comment -
LOL they paid their penalty so they are legit? Come on the process of getting a USA is very complicated plus legal reviews and huge fees. Plus many states make you partner w a Brick Mortor casino or track. No Way they ever get approved and I'd even go as far to say if she stepped foot in USA all agreemenst out the window and she gets charged and thrown in jail by some agency or stateComment -
No one cares about the unsolved murder to the point it would affect them betting with 5 dimes.
Everyone got paid I am assuming. The futures thing would be forgiven if they opened up in NJ with the same options, lines and perks (reduced juice being a big one). You can't get by them but somehow I believe most would.Comment -
It is not that complicated. You want in. You pay the fee. That is basically it. They would have no problem setting up a place for walk in bets.
They are not doing all of this simply out of the hope of getting something. They have reason to believe they are going to be approved somewhere. They are going to be regulated after all so no real risk. You pay, you play.
If they get their foot in the door of any state, they will be able to expand to other states.
This forum was unanimous that 5Dimes was not going to try to go legit. The record on this is not good.Comment -
Reduced juice in an environment where they have to demonstrate adherence to regulations, where Uncle Sam is taking his slice of the profits, and where at least some of their staff will have to be higher-salary US citizens? Highly doubtful. 5Dimes US won't be anything like 5Dimes World.Comment -
I doubt legislators are the problem.
They will be wiping out a major chunk of the offshore competition by licensing and will be attracted by projected tax revenue, whether it turns out the projections are true or not.
It's the competitors in the state who will try to stop it. Not the law makers..Comment -
If most of the offshore bettors have already moved to betting in state, why is the player average spend 50 cents a day?
And why do industry types still say offhsore handle dwarfs US licensed?
I don't know how many NJ players 5Dimes have in their database but you seem to be assuming not that many?
There is an estimate in the news article in post #1 that 5D had 3 million active customers. 3 mil divided by 50 states is 60k average. Just guessing from those simple numbers I'd think 150k would be the minimum number of NJ names on that list..Comment -
5Dimes is not dependent on reduced juice. They will easily offer better lines than DraftKings and FanDuel. They will still operate from overseas. Any US staff is of no consequence to an operation of this size.
Being the first out with lines and offering overnight lines will make them more attractive than any other book by a mile.
This is the first operation really showing signs of wanting to play for keeps. It's the most aggressive that are going to take the US market. 5Dimes is showing signs that they are about to make a move.Comment -
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I read it said 'a million users'. You said 'THREE million ACTIVE customers' in the US. Where does it say that?
I got no doubt they have had lots of sign ups. I've got no doubt they have a million signups. Even 3 million wouldn't be too surprising yet it would be somewhat surprising. But I don't see anywhere in the OP that they were active, and don't see it saying 3.Comment -
The IRS is salivatingComment
