New Jersey to Legalize Sports Betting

SPECULATOR 13 · 12-14-10, 03:00 PM

Originally posted by Gary_Philly

There's still a few hurdles to clear.

The biggest being the federal ban.

But I think it's gonna happen in the next few years.

http://www.nj.com/news/index.ssf/201...n_legaliz.html

To quote Trump" THAT'S HUGE,HUGE,I TELL YA!",New Jersey as the kind of pull that Delaware does not have,I don't think that it will take years Gary because they need the money now!!... as in yesterday!
I was surprise and very disappointed to see how quick Delaware where to capitulate when told to quit the single game betting option.
In any case that's good news and it makes my day!

agharah1 · 12-14-10, 03:02 PM

I have to believe that the federal ban is unconstitutional, I mean its a flagrant violation of equal protection to give Nevada a monopoly on single game betting.

sharpcat · 12-14-10, 03:20 PM

Exchange betting on horse racing is also a very big deal for not only AC but also for the united states and it is likely what is necessary to save the horse racing industry. Depending on what commission structure and rates they use this will likely make it so that players are actually able to find value, when not faced with 15%+ track take outs. I have said it before horse racing never lost its charm the industries greed took any shot of players finding value ultimately giving nobody any reason to wager.

New jersey needs to get the federal ban overturned before the US can legalize online gambling or else us spots bettors will get screwed.

Hareeba! · 12-14-10, 03:39 PM

get ready America .... here comes BetFair

mtneer1212 · 12-14-10, 04:38 PM

C'mon -- the local NY/NJ Crime families will not allow this to happen......... instead of feeding some cash to local politicians, they will now feed the Congressional politicians.

Kindred · 12-14-10, 04:50 PM

They have been talking about it already for more than a few years...but since the state is so broke, PA is stealing customers from AC with all the racinos, and Delaware having some sort of sports betting I believe that lottery type deal, It think OP is right and it should happen soon.

Seattle Slew · 12-14-10, 04:57 PM

100 percent true, but it doesn't matter. Feds will never allow full sports gambling anywhere but Nevada. No chance.

Originally posted by agharah1

I have to believe that the federal ban is unconstitutional, I mean its a flagrant violation of equal protection to give Nevada a monopoly on single game betting.

Gary_Philly · 12-14-10, 05:07 PM

Originally posted by mtneer1212

C'mon -- the local NY/NJ Crime families will not allow this to happen......... instead of feeding some cash to local politicians, they will now feed the Congressional politicians.

I don't think the crime families are nearly as powerful as they used to be.

And I don't think they will be able to stop this.

The political will is finally catching up with demand.

So, I think it's really gonna happen this time.

Gary_Philly · 12-14-10, 05:21 PM

Originally posted by Seattle Slew

100 percent true, but it doesn't matter. Feds will never allow full sports gambling anywhere but Nevada. No chance.

I don't see how the Supreme Court can justify this monopoly.

The ban is unconstitutional plain and simple.

To say this has "no chance" seems ridiculous to me.

New Jersey is broke, and has a lot more politcal clout than Delaware, IMO.

And there's just too much money to be made.

So I don't think it's a matter of "If," but "when."

BrianLaverty · 12-14-10, 06:52 PM

Would love to see this happen. New Jersey is alot easier for me to move to rather then Vegas...... Actually only live about 3 and a half hours from NJ Border already..... It'd be a real possibility. You'd have to think a state like Rhode Island wouldn't be far behind if they do, because as far as I know, they've come the closest to it in the past outside of Vegas...

Here's something from the beginning of this year about RI and sports betting.... http://www.recentpoker.com/news/rhod...ting-5792.html

Gary_Philly · 12-14-10, 08:24 PM

Originally posted by BrianLaverty

Would love to see this happen. New Jersey is alot easier for me to move to rather then Vegas...... Actually only live about 3 and a half hours from NJ Border already..... It'd be a real possibility. You'd have to think a state like Rhode Island wouldn't be far behind if they do, because as far as I know, they've come the closest to it in the past outside of Vegas...

Here's something from the beginning of this year about RI and sports betting.... http://www.recentpoker.com/news/rhod...ting-5792.html

Absolutely!!

Once the ban is lifted, it will spread across the country like state lotteries and casinos did.

Everybody is gonna want a piece of the pie.

gafl · 12-14-10, 08:57 PM

One interesting part of the exchange betting for horse racing. NJ says they will allow out of state players to open accounts. That will force other states and ADWs to also offer exchange betting or fall behind. Just hope NJ doesn't get greedy and put crazy commissions in place.

cadillac pete · 12-14-10, 09:20 PM

AC continues to lose money every quarter. Sports Betting, Vegas style, would be a huge shot in the arm. Throw in the horse racing exchange, and the money will flow.

Without legalized betting, and again I stress Vegas style, not Delaware parlay/teaser betting, AC might as well fall in the Atlantic.

stevex · 12-15-10, 02:41 AM

I'm a Jersey resident and love going to Atlantic City, whether it be the pool club at Harrahs, Dusk at Ceasers, etc. etc, but would sports wagering REALLY put Atlantic City on the level of Las Vegas? I just don't think so and don't get me wrong, I would love to go down to A.C. and put a couple of bucks down on a game because slots and table games just don't tickle my fancy at all. In fact the times I have gone down there I maybe put a couple of bucks into a slot or a little craps. I can't stand games like that.

protein · 12-15-10, 02:43 AM

Would love to see some US action in Betfair. Keep going guys!

BChrisB · 12-15-10, 07:08 AM

It's only a matter of time, question is how long?? Could be a few years but could be another decade.

dark star · 12-15-10, 08:24 AM

It would certainly help AC but I don't think it will start booming again.It would keep it afloat though.I think that during the football season,ncaa conferene tourneys(to a lesser extent),& March Madness the place will be jumping.I live 2 hours from AC,but will still go to Vegas 3-4 times a year.I have not been to AC in 12 years;I would now go 3-4 times a year if sports gets approved.

thespeculator · 12-15-10, 08:27 AM

Originally posted by Seattle Slew

100 percent true, but it doesn't matter. Feds will never allow full sports gambling anywhere but Nevada. No chance.

totally agree, republicans talk about free markets blah blah , keep government out of people lives, democrats talk about freedom of speech , freedom of this and that , on this issue they are totally united, it will never happen, that is the lock of all locks

moods17 · 12-15-10, 10:51 AM

This would be a great thing for us US guys. You know Vegas special interest groups are pooring tons of $ to keep this from happening nation wide. I live in Illinois and you know the Chicago casinos will jump in as soon as the hole is open.

DRZ · 12-15-10, 10:54 AM

Time to pick it and move to NJ, lol

LegitBet · 12-15-10, 11:48 AM

its the online gaming (casino) that has everyones attention now

Ninersnut · 12-15-10, 12:22 PM

Believe NJ is pushing to get this done cause the Superbowl is coming to town. Never will happen but the next few years will be interesting.

jimmy007oc · 12-15-10, 12:50 PM

Waiting for that day

pokernight1991 · 12-15-10, 02:47 PM

This is a ballot question. I highly doubt more than 50% of the people in NJ will support this. With all the holier than thou people and all the sport leagues against it. Then you have to get the feds to overturn the law or get a judge to do it. My guess there is about a 10% chance all of this will happen in the next 10 years.