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Thread: " NFL files suit against New Jersey's sports-betting plan " ~ ~ ~

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    Arrow " NFL files suit against New Jersey's sports-betting plan " ~ ~ ~


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    They will win running away. There is a federal law that controls and takes away the states rights in this area.

    Until they get a cut of the action, the leagues aren't going to allow legal betting to happen.

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    Quote Originally Posted by Digetydog View Post
    They will win running away. There is a federal law that controls and takes away the states rights in this area.

    Until they get a cut of the action, the leagues aren't going to allow legal betting to happen.
    The leagues will never get a cut of the action, that is not going to happen. The only chance is to change the federal law, which is the most realistic option. Given how cash strapped state governments are, this is something I think the federal govt will consider. In this day and age, there is no reason that wagering should be legal in some states and not in others. The old argument was that bettors would have easier access to the athletes to possibly corrupt them if gambling was legal near professional sports cities. If someone wants to buy a player and the player wants to be bought it will happen no matter where they allow betting.

    If you allow sports books in Atlantic City casinos, you would have a HUGE cash cow.

  4. #4
    Quote Originally Posted by sec.101row23 View Post
    The leagues will never get a cut of the action, that is not going to happen. The only chance is to change the federal law, which is the most realistic option. Given how cash strapped state governments are, this is something I think the federal govt will consider. In this day and age, there is no reason that wagering should be legal in some states and not in others. The old argument was that bettors would have easier access to the athletes to possibly corrupt them if gambling was legal near professional sports cities. If someone wants to buy a player and the player wants to be bought it will happen no matter where they allow betting.

    If you allow sports books in Atlantic City casinos, you would have a HUGE cash cow.
    Wasn't there a law that allowed AC to enact sports betting if they decided to offer it some 15 years ago or so? IIRC, the casino voted against adding sportsbooks. I remember thinking they were crazy at the time.

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    ...dude,hows it hanging...

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    Quote Originally Posted by GuidoYaztremski View Post
    Wasn't there a law that allowed AC to enact sports betting if they decided to offer it some 15 years ago or so? IIRC, the casino voted against adding sportsbooks. I remember thinking they were crazy at the time.
    Yes they voted against it. One of the many, many mistakes that occurred in that city. The money that it would generate would be enormous.

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    Quote Originally Posted by sec.101row23 View Post
    The leagues will never get a cut of the action, that is not going to happen. The only chance is to change the federal law, which is the most realistic option. Given how cash strapped state governments are, this is something I think the federal govt will consider. In this day and age, there is no reason that wagering should be legal in some states and not in others. The old argument was that bettors would have easier access to the athletes to possibly corrupt them if gambling was legal near professional sports cities. If someone wants to buy a player and the player wants to be bought it will happen no matter where they allow betting.

    If you allow sports books in Atlantic City casinos, you would have a HUGE cash cow.
    I totally agree with you. I just think the leagues are going to be able to lobby well enough to prevent Congress from changing the law.

    As for one state being allowed to offer betting and not the others, it is my understanding that something like this happened:
    1) Congress decided that it wanted to use Federal law to ban sports betting;
    2) Nevada allowed betting. Delaware allowed "Parlay" betting on sports. The remaining states did not allow it and actually banned it.
    3) Congress passed a law that grandfathered in any existing sports betting (NV and DE).
    4) Delaware eventually banned it on their own b/c parlay bets were not profitable.
    5) A few years ago, Delaware tried to get back into the business b/c they would have a monopoly on the East Coast. Among other things, they were trying to say they were "grandfathered" such that they could offer bets on NFL games. It is my understanding that the courts ruled otherwise.
    6) Because of lack of demand, the parlay-style bets offered in DE aren't the big money-maker the state hoped.

    BTW - I am not a big gambler (fantasy football is about it). I just would love to bet big events like the Super Bowl and the Texas-OU game.

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    Quote Originally Posted by Digetydog View Post
    I totally agree with you. I just think the leagues are going to be able to lobby well enough to prevent Congress from changing the law.

    As for one state being allowed to offer betting and not the others, it is my understanding that something like this happened:
    1) Congress decided that it wanted to use Federal law to ban sports betting;
    2) Nevada allowed betting. Delaware allowed "Parlay" betting on sports. The remaining states did not allow it and actually banned it.
    3) Congress passed a law that grandfathered in any existing sports betting (NV and DE).
    4) Delaware eventually banned it on their own b/c parlay bets were not profitable.
    5) A few years ago, Delaware tried to get back into the business b/c they would have a monopoly on the East Coast. Among other things, they were trying to say they were "grandfathered" such that they could offer bets on NFL games. It is my understanding that the courts ruled otherwise.
    6) Because of lack of demand, the parlay-style bets offered in DE aren't the big money-maker the state hoped.

    BTW - I am not a big gambler (fantasy football is about it). I just would love to bet big events like the Super Bowl and the Texas-OU game.
    I actually think its better for the leagues in the long run. I know they like to say publicly they are against it, but it would create more interest in their sports. Look at football, there is no doubt that gambling has a huge part in its popularity.

    As we have all seen, gambling is now much more widespread than it was 25 years ago. You have the Indian casinos that have popped up all over, you have racetracks that have turned into slot parlors and video gaming, you can see the states easing the regulations where ever they can. I really think the federal govt will leave it up to the states to decide for themselves, there is too much money to be made for it not to happen.

    Years ago people were afraid that if you allowed more gambling that it would lead to a multitude of social problems, and while there may be people who have issues with gambling, it is not the societal problem many thought it could be. There are very few ways for states to raise their revenue besides taxing their residents to death, sports betting is huge boom for states that would allow it.
    Last edited by sec.101row23; 08-07-2012 at 12:41 PM.

  9. #9
    Quote Originally Posted by sec.101row23 View Post
    Yes they voted against it. One of the many, many mistakes that occurred in that city. The money that it would generate would be enormous.
    Actually, most of the Vegas casinos are reducing the size of their sports books because they do not, in fact, make lots of money. A lot of money is wagered, but they don't make much profit.

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    Quote Originally Posted by fredmertz View Post
    Actually, most of the Vegas casinos are reducing the size of their sports books because they do not, in fact, make lots of money. A lot of money is wagered, but they don't make much profit.
    I realize it does not make as much profit as the table games do, but I was looking at the effect the state and the Atlantic City area would have. Sports betting would bring people into the casinos and the A.C. area. While not as profitable as some other table games, it does make money, similar to the poker rooms that the casinos have. I would be much more inclined to go to Atlantic City on a Saturday if I was able to make some wagers on some college football and play some craps.

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    Quote Originally Posted by 2foolish197 View Post
    ...dude,hows it hanging...
    hi sg3 ! !


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    Giants owner : We might never get another Super Bowl

    > http://content.usatoday.com/communit...m_content=ESPN

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    Ever hear of the 10th Amendment?

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    Quote Originally Posted by sec.101row23 View Post
    I realize it does not make as much profit as the table games do, but I was looking at the effect the state and the Atlantic City area would have. Sports betting would bring people into the casinos and the A.C. area. While not as profitable as some other table games, it does make money, similar to the poker rooms that the casinos have. I would be much more inclined to go to Atlantic City on a Saturday if I was able to make some wagers on some college football and play some craps.
    Well said. If Delaware had been able to offer betting, I would have stopped at their casinos on the way to Mytle each year.

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