NJ Sports Betting: Six years later, it’s official in New Jersey

[freddymo]

Originally Posted by Kasept

That's preposterous. You're suggesting that #1, an overwhelmingly enormous percentage of Nevada visitors are ONLY coming there to sports bet and #2, they are going to collectively stop coming to Nevada if able to bet in NJ, or Delaware, or wherever. Neither is true. Have Ontario and Quebec residents stopped coming because they can sports bet through their lotteries?

Monopolists are always for the sanctity of their monopoly.. I get it. You'd howl though if similar conditions existed that nullified your ability to open a restaurant somewhere you wanted.

Steve Stevens...lol

[10 pnt move up]

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]

Originally Posted by 10 pnt move up

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]

Originally Posted by jms62

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]

Originally Posted by 10 pnt move up

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]

Originally Posted by freddymo

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]

Originally Posted by 10 pnt move up

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