Some states with a strong horse racing lobby (read: CA) may try to usurp control. But their power base has steadily weakened and they may no longer have the votes to affect legislation.

Some states may also try to control it themselves, e.g. lottery, which probably would be good for sharps because govt has no clue how to implement sports betting.

pppurrrmppphhh

Big move in $TSG today and also in the last few weeks.

This will be a cluster-f**k at the state level in some states.Others, like Georgia, I think, will go the lottery route.

Expect ridiculous taxation, integrity fees perhaps, and stupid margins/vig on lines.

Interestingly, the real driver will be if the leagues embrace in-game betting or so-called "games of skill" to engage their viewers ....

If you mean by Dec 31, 2018, save your money .... you'd lose that bet.

Always a boomaholic ! When will they learn Borg?

No boom, but maybe a sequence of large "Pops" from time to time?

http://thehill.com/blogs/floor-actio...-supreme-court

Why when you say regulate does it sounds more like ban to me?

FYI, the states listed by Eilers & Krejcik as likely to introduce a sports betting bill this year are: California, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Mississippi, New York, New Jersey, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, and West Virginia.

Are people ok if other states basically copy Nevada's sports betting regulations or do you want to see changes?

It transitions from point A to point B to point C. With the exception of NJ which will have sports betting at both racetracks and casinos most states will start with sports betting at "Racinos" like in West Virginia. Delaware casinos are all at racetracks. Delaware Park already books three team parlays, the only legalized football betting till today. The next step is online betting. This will take a while. It's still a pain to deposit significant amounts in New Jersey's online casinos. The casinos have their own type deposit/credit card. Using Visa and Mastercard is pain plus they service charge you to death. Linking your checking account is also a pain. You can always go to the casino and do the deposit in person. That's what you do in Nevada to use the sportsbook apps and online wagering

Once they get the sportbetting set up for online use the states will introduce online casinos if they can and then the next step is to add poker. It's imperative to get online betting up and running in these states and phone apps. Plenty of people will bet sports in the Racinos/Casinos but once they can wager from home the money will roll in. Most locals in Las Vegas bet football from home. The tourists bet the games at the sportsbooks. Almost all the books are owned by a few separate entities. They all offer online wagering. No reason to leave your house to find a better line

States are greedy. If you have a customer making sports bets naturally you want to get them to play casino games. The NJ model for online casinos is working really well and they are making a fortune from it. Some of the casinos that weren't showing a profit for the month did once you add in the online casinos. The games are all honest and fair not like some of the offshore casinos.

The sports wagering legalization will snowball into online poker. It's only a matter of time.

Now that pointspreads can be totally acknowledged as a real thing rather than pretending to semi ignore it, there is the problem of last minute scores and things of that nature that presently are at the discretion of the coach, that will come under scrutiny. Presently he can claim that he pays no attention to such things but it will no longer be as easy to do that.

Obviously one solution would be to stick to money lines but that isn't really feasible for mismatches (or totals betting)

I have some solutions and am thinking up other ones but am not quite ready to mention them yet. But I did want to bring up the issue and hear what you think.

let the bookmakers figure it out. they have the same problem, and probably the best solution. we will see what they come up with

I don't disagree with your intent. But you see spreads listed on espn, CBS, Vegas, basically everywhere. I don't think it changes much

State Gov't will get greedy and screw this up with absurd taxes/regulations

Been dealing with it for decades of legal sports betting in Nevada. This won't change anything. If a coach was making a move to win a bet he could of already been doing it.

Will people be required to pay taxes on sports betting profit for the year? If not, how can they differentiate between sports and poker?

100% yes

Looking forward to getting real odds on props and golf etc....tired of getting ripped off by the local guy....hopefully everything will be offered here in NJ.

Nolan Dalla posts his take.

http://www.nolandalla.com/winners-an...orts-gambling/

Ugh, here we go again....

this just shows what a bunch of lazy *******s poker players are. they got this done within like 2 years tops. while the past 10 years all poker players have been asked to was "click her to retweet" nonsense. PPA stinks ass

No offense but way more people lay bets on games then play poker at a casino. That's why the states fought for this and not online poker.

The difference is that the attitude of the fans used to be along the lines of "well that is part of the risk that these bookmaker customers (and bookmakers) take". But if pointspread betting becomes nationally accepted, iffy decisions will become more controversial.

Example: A football team is winning but not covering (unless they score again) and has a first and goal in a situation where they could take knees and run out the clock. Perhaps there should now be a rule that forces them to do it.

Don't get too excited folks - the SCOTUS ruling today was against the method by which Congress attempted to forbid sports betting, ie by preventing states from allowing it. The SCOTUS said Congress has the right to regulate (and presumably ban) sports betting but they must enforce it at the Federal level.

Here are some quotes from the NY Times article on the subject:

But the question for the Supreme Court, Justice Alito wrote, was whether Congress had crossed a constitutional line in forcing states to do its bidding. Congress remained free to regulate sports gambling directly, he wrote, but it could not force states to do so.

...

In Monday’s decision in the case, Murphy v. National Collegiate Athletic Association, No. 16-476, the court ruled that the 1992 law amounted to unconstitutional commandeering.

“The anticommandeering doctrine may sound arcane,” Justice Alito explained, “but it is simply the expression of a fundamental structural decision incorporated into the Constitution, i.e., the decision to withhold from Congress the power to issue orders directly to the states.”

The doctrine protects state sovereignty, he wrote, and the betting law had violated it.

“It is as if federal officers were installed in state legislative chambers and were armed with the authority to stop legislators from voting on any offending proposals,” he wrote. “A more direct affront to state sovereignty is not easy to imagine.”

Source: https://www.nytimes.com/2018/05/14/u...ew-jersey.html