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Old 12-28-2011, 09:39 PM   #31
centurion
 
Join Date: Aug 2011
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Re: New Jersey on the way to approving sportsbetting bill + suing federal government

Is it a given that juice will be 1.1 to 1. Maybe with compeition could be some casinos doing 1.05. Most books limit to 10k per wager unless approved.
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Old 04-24-2012, 11:28 PM   #32
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Re: New Jersey on the way to approving sportsbetting bill + suing federal government

The Federal case is very weak. Never have the Feds ever tried to ban purely INTRAstate gambling of any type that I know of (anyone have any examples?). And the fact that states have exemptions (Nevada) and it's not a blanket ban - and that the Feds even offered to grandfather NJ in - means that any potential harm can't be that bad. I don't think a 50-state ban is Constitutional either, but what I am saying is that the above mentioned discussion about that it enters the Commerce Clause because of alleged harms will fall on deaf ears if its less than a 50-state band - then it just looks like a policy choice.

It really doesn't affect any other commerce at all - unless they allege that it corrupts sports. But they would have to prove that LEGAL wagering can corrupt sports, when most of the evidence is that only ILLEGAL does and LEGAL wagering actually catches fixed matches. Add to that that the rest of the world allows legal betting, as further proof it doesn't corrupt sports in other states - and there really isn't any interstate commerce to hang a hat on.

7-2 loss for the US Government or more at the Supreme Court.
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