Derby Trail Forums

Go Back   Derby Trail Forums > Main Forum > The Paddock
Register FAQ Members List Calendar Today's Posts

Reply
 
Thread Tools Display Modes
  #1  
Old 11-24-2014, 10:15 AM
10 pnt move up's Avatar
10 pnt move up 10 pnt move up is offline
Oriental Park
 
Join Date: Mar 2007
Posts: 3,745
Default

Quote:
Originally Posted by freddymo View Post
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?
__________________
"To learn who rules over you, simply find out who you are not allowed to criticize"...Voltaire
Reply With Quote
  #2  
Old 11-24-2014, 10:35 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,091
Default

Quote:
Originally Posted by 10 pnt move up View Post
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
Reply With Quote
  #3  
Old 10-14-2015, 10:46 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 44,291
Default

Federal appeals court grants New Jersey rehearing in sports betting case http://es.pn/1Gdd65b
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
Reply With Quote
  #4  
Old 10-14-2015, 01:42 PM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,091
Default

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
Reply With Quote
  #5  
Old 10-14-2015, 11:09 PM
jnunan4759's Avatar
jnunan4759 jnunan4759 is offline
Washington Park
 
Join Date: Jan 2014
Location: Chester County, PA
Posts: 897
Default

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.
Reply With Quote
  #6  
Old 10-15-2015, 10:31 PM
richard burch's Avatar
richard burch richard burch is offline
Churchill Downs
 
Join Date: Aug 2007
Location: new jersey
Posts: 1,752
Default

Quote:
Originally Posted by freddymo View Post
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.
__________________
Support your local Re-run or horse rescue organization.
https://www.rerunottb.com/:)
Reply With Quote
  #7  
Old 10-16-2015, 05:59 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,091
Default

Quote:
Originally Posted by richard burch View Post
...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.
Reply With Quote
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 01:29 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.