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-   -   NJ Sports Betting: Six years later, it’s official in New Jersey (http://www.derbytrail.com/forums/showthread.php?t=53879)

10 pnt move up 11-23-2014 10:13 AM

Legalized betting is going to happen, just a matter of time. Its nice to see racing trying to be at the forefront of that effort. They dont really have the juice it seems to make it happen though, the NBA is on board and I suppose when the NFL and MLB get on it will happen pretty quickly.

jms62 11-23-2014 02:04 PM

Quote:

Originally Posted by 10 pnt move up (Post 1006834)
Legalized betting is going to happen, just a matter of time. Its nice to see racing trying to be at the forefront of that effort. They dont really have the juice it seems to make it happen though, the NBA is on board and I suppose when the NFL and MLB get on it will happen pretty quickly.

I am not so sure. Quite a lot of bribes er make that lobbying money trying to prevent that.

10 pnt move up 11-23-2014 05:11 PM

Quote:

Originally Posted by jms62 (Post 1006869)
I am not so sure. Quite a lot of bribes er make that lobbying money trying to prevent that.

The biggest change is the states really have no choice but to raise revenue with other means, this seems like an easy one.

freddymo 11-24-2014 09:54 AM

Quote:

Originally Posted by 10 pnt move up (Post 1006897)
The biggest change is the states really have no choice but to raise revenue with other means, this seems like an easy one.

Why do they HAVE too raise revenue from sports wagering. Frankly its not a needle mover simply not enough revenue. That doesnt mean I dont want it or am pissed its not in NJ just the revenue portion is WAY over stated

10 pnt move up 11-24-2014 10:15 AM

Quote:

Originally Posted by freddymo (Post 1006965)
Why do they HAVE too raise revenue from sports wagering. Frankly its not a needle mover simply not enough revenue. That doesnt mean I dont want it or am pissed its not in NJ just the revenue portion is WAY over stated

Its a multi billion dollar industry, how could it not be substantial revenue for the states?

freddymo 11-24-2014 10:35 AM

Quote:

Originally Posted by 10 pnt move up (Post 1006966)
Its a multi billion dollar industry, how could it not be substantial revenue for the states?

Because it simply isnt a needle mover. Will it help a little sure but its not going to be enough to make a significant difference. Again I would love to be at MP in a sports book betting sports and races, the tax money will help racing but dont think Moody's is placing GO's of NJ on credit watch with positive implications IF sports betting was legal in the state. Good for racing and certainly good for people wanting to bet but as a significant revenue producer...not really

Kasept 10-14-2015 10:46 AM

Federal appeals court grants New Jersey rehearing in sports betting case http://es.pn/1Gdd65b

freddymo 10-14-2015 01:42 PM

Conducting a hearing again based on the motion of one of the parties to a lawsuit, petition, or criminal prosecution, usually by the court or agency which originally heard the matter. Rehearings are usually requested due to newly discovered evidence, an unfortunate and possibly unintended result of the original order, a change of circumstance, or a simple claim that the judge or agency was just wrong.

They asked for a rehearing it was granted it simply means the process is reopened. We will have sports betting in NJ ONLY when the Fed's in concert with the sports league allow it. Shame

jnunan4759 10-14-2015 11:09 PM

I could never see how the Feds could say it's OK for NV to do this but not any other state. It seems to me like a Fed created monopoly. I would think every other state should have the same right that NV does.

The bottom line is that most states are going to be run on gambling. It's huge revenue and needed to support deficit budgets. Is it right, probably not.

Gambling has become a huge problem. Embezzlement has skyrocketed because of it. It's created a whole array of problems that Horse Racing never did. Horse Racing has been legal gambling in many states for many years and has not created the problems that casino gambling has.

However, I'm OK with Racing getting some of that pot.

Kasept 10-15-2015 11:11 AM

NYT: Extensive online gambling feature (Will merge with DFS thread)
 
http://www.nytimes.com/interactive/2...ype=Multimedia

asudevil 10-15-2015 06:56 PM

DFS done in the Silver State...

http://lasvegassun.com/news/2015/oct...y-fantasy-spo/

richard burch 10-15-2015 10:31 PM

Quote:

Originally Posted by freddymo (Post 1045259)
Conducting a hearing again based on the motion of one of the parties to a lawsuit, petition, or criminal prosecution, usually by the court or agency which originally heard the matter. Rehearings are usually requested due to newly discovered evidence, an unfortunate and possibly unintended result of the original order, a change of circumstance, or a simple claim that the judge or agency was just wrong.

They asked for a rehearing it was granted it simply means the process is reopened. We will have sports betting in NJ ONLY when the Fed's in concert with the sports league allow it. Shame

...or ONLY when enough money changes hands behind closed doors. whichever comes first.

jms62 10-16-2015 04:57 AM

Quote:

Originally Posted by asudevil (Post 1045358)

He gloats.

One word to describe Nevada. Chutzpah. Embrace the Federal law that permits sports betting only in Vegas while ignoring the federal law that deems DFS as a game of skill and not gambling. And talk about biting the hand that feeds you DFS has brought in millions in revenue to casinios by holding live championship tournements there and untold millions in additional revenue by those DFS players who migrate to Vegas sportsbooks weekly to follow their teams. But in the no publcity is bad publicity dept, DFS had its biggest week ever last week.

freddymo 10-16-2015 05:59 AM

Quote:

Originally Posted by richard burch (Post 1045364)
...or ONLY when enough money changes hands behind closed doors. whichever comes first.

All I really believe is its a matter of significant time till all states have William Hills on very corner like UK.

asudevil 10-16-2015 11:48 AM

Quote:

Originally Posted by jms62 (Post 1045366)
He gloats.

One word to describe Nevada. Chutzpah. Embrace the Federal law that permits sports betting only in Vegas while ignoring the federal law that deems DFS as a game of skill and not gambling. And talk about biting the hand that feeds you DFS has brought in millions in revenue to casinios by holding live championship tournements there and untold millions in additional revenue by those DFS players who migrate to Vegas sportsbooks weekly to follow their teams. But in the no publcity is bad publicity dept, DFS had its biggest week ever last week.

Chutzpah is a good thing....

jms62 10-16-2015 12:03 PM

Quote:

Originally Posted by asudevil (Post 1045382)
Chutzpah is a good thing....

;) I guess you are right about that

richard burch 10-18-2015 09:22 PM

ITS JUST ALL ABOUT MONEY,MONEY,MONEY,MONEY,MONEY,MONEY AND.........MONEY!

it will get get done cause everybody loves money!

Danzig 10-21-2015 02:46 PM

http://espn.go.com/chalk/story/_/id/...ionship-events

oh, please, ncaa. quit with the holier than thou bs. you make money off free players, supported by gambling dollars.
own it.

Alabama Stakes 10-21-2015 04:47 PM

not illegal to gamble, illegal to take action ...right ?

Danzig 10-21-2015 05:42 PM

Quote:

Originally Posted by Alabama Stakes (Post 1045769)
not illegal to gamble, illegal to take action ...right ?

No. These folk are misrepresenting themselves as not being gambling, when they are. And then the NCAA wants to pretend it's all about athletes and scholarships when its really about money coming in while not paying the players, but they make money off the players. And if its not gambling, why can't they air during the big games? Why is the NCAA OK taking their ad money in regular season, but not after?
Reminds me of jokes about ladies of the evening and money. Already known they're a prostitute, just a matter of price.


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