Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Go Back   Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board


Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board

Horse Racing Forum - PaceAdvantage.Com - Horse Racing Message Board (http://www.paceadvantage.com/forum/index.php)
-   General Racing Discussion (http://www.paceadvantage.com/forum/forumdisplay.php?f=10)
-   -   Sports Wagering one step closer in NJ.... (http://www.paceadvantage.com/forum/showthread.php?t=114956)

bks 06-30-2014 10:15 AM

Quote:

SRU:
Its pretty simple, sports leagues are against sports wagering because they aren't getting a cut of the proceeds,
It is simple, but more complicated. Here are a couple of other factors to consider:

Remember that the NFL came into existence partly as a way for several rich bootleggers, bookmakers, and racketeers to become "respectable" and to moneywash their fortunes. Something of the original stigma of being lowlife outsiders remains with the league's owners, and so part of the opposition to gambling stems from that as a kind of "reaction formation." They want/need to appear to be against things like gambling and other vices, which are basically responsible for their being in league in the first place.

Second, unrelated to gambling but perhaps relevant, both the NCAA and the NFL are in significantly (NCAA) and slightly (NFL) weakened legal positions than they were a couple of years ago. The O'Bannon trial may destroy the NCAA as a cartel, and the NFL is under considerable pressure from the concussion scandal which still has many acts to follow. Both might be more sensitive to appearing to be taking money out of the states where their leagues operate during a time when public revenues are under extreme pressure.

The biggest reason leagues are opposed is that no league wants the additional regulation and pressure for the licensing of owners that will come in any state with fully legalized gambling and which is home to a pro sports team (this is I believe the biggest reason there will not be any pro sports teams in Nevada. Please correct if wrong.) If this concern of the leagues can be gotten around, and they can maintain their appearance of opposition to gambling, it could work.

Canarsie 06-30-2014 10:15 AM

Quote:

Originally Posted by Redboard
Exactly. We have our illustrious gov to thank for this mess. He of the 2016 presidential aspirations. The state invested $263 million to finish building the Revel( in exchange for 20% of the revenues), screwed the horsemen out of any purse supplements and refused to put casinos anywhere else in the state. Any idiot could see that, with surrounding states now having casinos, AC needed another casino like another hole in the head. If I’m a resident of Philadelphia, why would I have to drive 2 hours to play a game of blackjack?
Why not was put a casino in Camden, Monmouth and the Meadowlands? You know, like, where the people are. Idiot.

Please explain to me how Christie in his first year of office was getting anything done without the cooperation of the senate presidents approval. Last time I looked he was a republican in a heavily dominated senate and assembly by the opposing party. Lets throw in Sweeney is from south Jersey do you really think he cares about Secaucus?

http://www.pressofatlanticcity.com/n...a4bcf887a.html


Camden? REALLY??? Camden? Do you really think you could get one corporation to invest in a casino LOCATED IN CAMDEN??? May be its convenient for you but he would be impeached if a dollar from state funds was invested there for gambling purposes. My hunch is nine out of ten potential customers would drive up to an additional thirty miles to avoid going there.



Camden Ranks Most Dangerous City In The Country



http://philadelphia.cbslocal.com/201...n-the-country/


I will admit he has made mistakes but has the guts to try something other states are scared stiff of attempting. How many states let you play poker without driving to a proposed (yours) casino in Camden. He is trying to get sports wagering up and running despite opposition from the feds. Delaware just packed up their bags and quit after the Supreme Court ruled against them.


Why does Monmouth get a casino (again your idea) before Middlesex? They have almost 200,000 more residents. Monmouth barely edges out faster growing Ocean why should they be discriminated against? Why didn't you suggest Newark since you bravely put Camden in the discussion.

http://www.us-places.com/New-Jersey/...-by-County.htm

biggestal99 06-30-2014 01:23 PM

Quote:

Originally Posted by SandyW
The one thing that has to be remembered is that the NCAA, MLB, NFL, is against the spread of sports wagering and that Harry Reid is in charge of the senate.
These hurdles alone will be almost impossible to over come.
The feds will shut Jersey down on the first day that they try to start sports wagering.

What federal law will jersey be violating? The answer there is no federal law on the books preventing jersey from rescinding its sports betting laws as long as they don't sponser or promote sports betting.

Allan

biggestal99 06-30-2014 01:27 PM

Quote:

Originally Posted by onefast99
Here's hoping it continues to do so, and that eventually each state
will have a choice as to whether it's residents can wager legally
on a sporting event.


horses4courses you nailed it let the states decide!

In Jersey it wasn't, politicians that passed a law, it was the citizens via the vote decided that sports betting was allowed at casinos and racetracks.

The state is just following what the voters want.

Allan

onefast99 06-30-2014 01:57 PM

Quote:

Originally Posted by biggestal99
In Jersey it wasn't, politicians that passed a law, it was the citizens via the vote decided that sports betting was allowed at casinos and racetracks.

The state is just following what the voters want.

Allan

The NJ state Legislature passed the bill last week that could pave the way for privately owned sports wagering at both casinos and horse-racing tracks. This was done to save the gaming and racing industry which have both fallen on hard times in the recent years with the influx of bordering states opening casinos. The voters approved the bill in 2011. Governor Christie signed it into law in 2012. My reply was on the comment made by horses4courses that all states should give their voters the right to decide not the Supreme Court!

thespaah 06-30-2014 02:10 PM

Quote:

Originally Posted by horses4courses
I agree with all you say, until the last part.

Never say never - especially when it comes to "easy money".

It's always blown me away how much money can be bet - either legally
or otherwise - on a single game point spread in this country.
The perfect scenario for "fixing" is a huge favorite (say, over 14 points in
either football or basketball) that still wins the game, but doesn't
come close to covering the spread. The casual bystander thinks
nothing of it - after all, the favorite won the game. End of story.

You are correct in saying that pro athletes would be harder to bribe.
College athletes are far more prone to "take a dive".
However, nothing is impossible when large sums of cash are involved.

These types of "non-covering favorite" situations could occur pretty easily
with little risk of detection. Unless, those involved got too greedy and tried it
once too often.

Where would they get the wagers down?
Hard to say, except that large illegal bookmakers might be very interested
in being able to lay large sums at favorable spreads to unsuspecting bettors
in the knowledge that they won't be having to pay out.

This is where the pro sports bodies, and the NCAA, start to cough uncomfortably,
and try to change the topic of discussion.
They always deny that legal books in Nevada are the best possible
barometer for uncovering point-shaving and fixing situations.
Unusual betting patterns can be detected in Nevada pretty easily,
and those responsible actually have a chance of being caught.
This has happened on more than one occasion - an Arizona State
point-shaving scheme comes to mind in 1994.

Under current conditions, with billions being bet illegally
both in the US and with the offshore books, game fixing is far more difficult to detect.
Pro sports, and the NCAA, have no desire to make changes.
They argue their games will become tainted
should gambling on them be legalized beyond Nevada.
They don't want change because they are making billions as things stand.

I won't go into the probable influences on those who lobby politically
for these sports bodies. You can draw your own conclusions.
It's safe to say, though, that all involved do very nicely
under the current state of affairs. They long to maintain the status quo.

This state of inertia, when it comes to sports wagering, goes against the wishes of a growing number of younger voters. It's not a critical issue, by any means, but, like marijuana, it has gained more prominence.

Here's hoping it continues to do so, and that eventually each state
will have a choice as to whether it's residents can wager legally
on a sporting event.

Right...never say never.
Look, I just don't buy the idea that if sports betting is permitted beyond the borders of Nevada, the sports world will experience a spontaneous combustion.
IN the end, we're adults. We should be permitted the right to make up our minds as to sports wagering.

thaskalos 06-30-2014 02:18 PM

There are "gambling laws" in this country?
 
There are two OTBs within a four-mile drive of my place of residence...and there is a full-scale casino 9 minutes away. Local bars and restaurants have legally installed slot machines...and, as if all that weren't enough, there is even a place called "Stella's" that's opened up nearby...which is strictly a gambling parlor featuring five slot machines, thinly camouflaged by a very limited eating and drinking menu.

And yet...it is still illegal for me to invite a group of friends over for a night of poker...and I am breaking the "law" if I place a bet on my favorite team so I can watch the game at home with a cold beer.

And they call this "justice"...?

horses4courses 06-30-2014 02:41 PM

Quote:

Originally Posted by thespaah
Right...never say never.
Look, I just don't buy the idea that if sports betting is permitted beyond the borders of Nevada, the sports world will experience a spontaneous combustion.
IN the end, we're adults. We should be permitted the right to make up our minds as to sports wagering.

You're absolutely right :ThmbUp:

horses4courses 06-30-2014 02:48 PM

Quote:

Originally Posted by thaskalos
There are two OTBs within a four-mile drive of my place of residence...and there is a full-scale casino 9 minutes away. Local bars and restaurants have legally installed slot machines...and, as if all that weren't enough, there is even a place called "Stella's" that's opened up nearby...which is strictly a gambling parlor featuring five slot machines, thinly camouflaged by a very limited eating and drinking menu.

And yet...it is still illegal for me to invite a group of friends over for a night of poker...and I am breaking the "law" if I place a bet on my favorite team so I can watch the game at home with a cold beer.

And they call this "justice"...?

Pretty screwed up, alright :ThmbDown:

Redboard 06-30-2014 03:15 PM

1 Attachment(s)
Quote:

Originally Posted by Canarsie
Please explain to me how Christie in his first year of office was getting anything done without the cooperation of the senate presidents approval. Last time I looked he was a republican in a heavily dominated senate and assembly by the opposing party. Lets throw in Sweeney is from south Jersey do you really think he cares about Secaucus?

http://www.pressofatlanticcity.com/n...a4bcf887a.html


Camden? REALLY??? Camden? Do you really think you could get one corporation to invest in a casino LOCATED IN CAMDEN??? May be its convenient for you but he would be impeached if a dollar from state funds was invested there for gambling purposes. My hunch is nine out of ten potential customers would drive up to an additional thirty miles to avoid going there.



http://www.us-places.com/New-Jersey/...-by-County.htm

Besides the size of the native population, Philly is usually in the top 15 cities visited in the U.S. How many visitors does Middlesex or Newark get every year? There is one casino in Philly now, but a little competition never hurt and if the place offered better gambling options, who wouldn't walk across the bridge.

The Philadelphia 76ers are investing $82 million on a new practice facility in Camden.

http://www.nj.com/camden/index.ssf/2...est_in_us.html

They could put a casino in the same area, which is known as the Camden waterfront. There’s a ball park there for their minor league team, a concert arena, an Aquarium. Handle security the same way they do in AC, hire extra police to patrol a designated area.

As far as Monmouth, they already has the infrastructure along with parking etc. No need to build anything. Of course it would have to be approved by the horsemen.



The 76ers plan to build it in parking lot #2 on the map below.

thespaah 06-30-2014 04:37 PM

Camden? God bless them...
I'm NOT going to Camden.
I like my body to remain intact

Redboard 06-30-2014 04:53 PM

Quote:

Originally Posted by thespaah
Camden? God bless them...
I'm NOT going to Camden.
I like my body to remain intact

Don’t be afraid. I go there all the time to see concerts and Riversharks baseball. If you’re a scared, get a dog!

onefast99 06-30-2014 05:38 PM

As far as Monmouth, they already has the infrastructure along with parking etc. No need to build anything. Of course it would have to be approved by the horsemen.
The horsemen are the reason MP is still operating!

SandyW 06-30-2014 07:38 PM

Quote:

Originally Posted by biggestal99
What federal law will jersey be violating? The answer there is no federal law on the books preventing jersey from rescinding its sports betting laws as long as they don't sponser or promote sports betting.

Allan

Ask Delaware what happened when they tried to start up full time sports betting.

Canarsie 07-01-2014 08:14 AM

Quote:

Originally Posted by Redboard
Besides the size of the native population, Philly is usually in the top 15 cities visited in the U.S. How many visitors does Middlesex or Newark get every year? There is one casino in Philly now, but a little competition never hurt and if the place offered better gambling options, who wouldn't walk across the bridge.

The Philadelphia 76ers are investing $82 million on a new practice facility in Camden.

http://www.nj.com/camden/index.ssf/2...est_in_us.html

They could put a casino in the same area, which is known as the Camden waterfront. There’s a ball park there for their minor league team, a concert arena, an Aquarium. Handle security the same way they do in AC, hire extra police to patrol a designated area.

As far as Monmouth, they already has the infrastructure along with parking etc. No need to build anything. Of course it would have to be approved by the horsemen.



The 76ers plan to build it in parking lot #2 on the map below.

Again please explain to me how this has anything to do with the governor who you ripped when certain things are beyond his control. He pledged tax cuts but there are none because the legislature balked. Same deal with Atlantic City but now you are concentrating solely on Camden.

The aquarium was a mistake the day it was conceived lets go all the way back to 1994

Camden's Aquarium Risks Ignominy; Drab Exhibits a Problem as Complex Fails to Lift Waterfront

http://www.nytimes.com/1994/10/17/ny...ails-lift.html

What a tremendous waste of taxpayer money people choose to spend their money elsewhere.

The 76ers got a $82 million dollar tax break to locate there another waste of taxpayer dollars. People don't go watch them in the regular season how many will watch practice besides their inept (evaluating basketball they stole this money) executives. This isn't even a NJ team the EDA should be disbanded.

You kill the governor for investing $263 million but its ok for 82 mil to be spent on this disgrace. Be consistent at least it will enhance your argument slightly.


There will be more security people at the complex than visitors even from the immediate area. If they charge even a dollar it will be a ghost town. If its free I can only imagine the crowd that goes in there to escape the heat.

You might be the only person to attempt to walk across the bridge but I'll put the odds at 100/1. Please inform me if you attempt it. A pic fron the middle of the bridge would be appreciated.

Why not build two racetracks within five miles of each other Philly is in the top fifteen cities visited in the U.S. Build it as close to Parx as you can according to your logic. We need to spend more taxpayer dollars on stuff like this right?

How many of these visitors go into Camden? If you can find me a stat that shows 5% I'll fold my cards and declare you the champ.

Robert Goren 07-01-2014 12:22 PM

Quote:

Originally Posted by onefast99
As far as Monmouth, they already has the infrastructure along with parking etc. No need to build anything. Of course it would have to be approved by the horsemen.
The horsemen are the reason MP is still operating!

It is my understanding that they are not the reason it is operating, but they are actually operating it.

onefast99 07-01-2014 02:52 PM

Quote:

Originally Posted by Robert Goren
It is my understanding that they are not the reason it is operating, but they are actually operating it.

The NJSEA turned over the operation to the horsemen in May 2012 after Morris Bailey bailed out. Dennis Drazin and Darby Development along with the horsemen run Favorites in Woodbridge, the new favorites in Hillsborough(opening soon)and MP racetrack. There are several "joint" ventures between Jeff Gural(runs the Meadowlands harness)and Drazin are trying to do but thus far they haven't been successful.

Monmouth Park Racetrack is off and running but operating now under the management of the New Jersey Thoroughbred Horsemen’s Association (NJTHA).

According to Dennis Drazin, NJTHA Advisor, the time had come to privatize the racetrack. “The horsemen stepped up to the plate and they feel very good about the fact that now they control their own destiny,” said Drazin. “There’s no uncertainty anymore. The horsemen can make this work, we have the vision, we have the where with all, so the state’s out the business and were in charge.”

biggestal99 07-02-2014 04:24 AM

Quote:

Originally Posted by onefast99
The NJSEA turned over the operation to the horsemen in May 2012 after Morris Bailey bailed out. Dennis Drazin and Darby Development along with the horsemen run Favorites in Woodbridge, the new favorites in Hillsborough(opening soon)and MP racetrack. There are several "joint" ventures between Jeff Gural(runs the Meadowlands harness)and Drazin are trying to do but thus far they haven't been successful.

Monmouth Park Racetrack is off and running but operating now under the management of the New Jersey Thoroughbred Horsemen’s Association (NJTHA).

According to Dennis Drazin, NJTHA Advisor, the time had come to privatize the racetrack. “The horsemen stepped up to the plate and they feel very good about the fact that now they control their own destiny,” said Drazin. “There’s no uncertainty anymore. The horsemen can make this work, we have the vision, we have the where with all, so the state’s out the business and were in charge.”

With sports betting, exchange wagering , and a concert venue coming on board the horsemen have made sweeping changes to monmouth , thanks to the legislature and some innovative thinking.

Allan

davew 07-02-2014 05:39 AM

Quote:

Originally Posted by RunForTheRoses
They should just go ahead and do this and see what the Fed Govt does. Marijuana is illegal at the federal level but it has not stopped many states.

Having Democratic governor's makes less of a target for Holder / Obama.

olddaddy 07-02-2014 07:38 AM

Quote:

Originally Posted by thaskalos
There are two OTBs within a four-mile drive of my place of residence...and there is a full-scale casino 9 minutes away. Local bars and restaurants have legally installed slot machines...and, as if all that weren't enough, there is even a place called "Stella's" that's opened up nearby...which is strictly a gambling parlor featuring five slot machines, thinly camouflaged by a very limited eating and drinking menu.

And yet...it is still illegal for me to invite a group of friends over for a night of poker...and I am breaking the "law" if I place a bet on my favorite team so I can watch the game at home with a cold beer.

And they call this "justice"...?

Dont forget about bingo halls and lottery games at every gas station and grocery store.

eurocapper 07-02-2014 08:59 AM

I would think twice about it, there are reasons other than bigotry that it's not legal. Lower division euro soccer is corrupt, and US baseball also used to be corrupt (more than today).

LottaKash 07-02-2014 11:30 AM

Quote:

Originally Posted by eurocapper
I would think twice about it, there are reasons other than bigotry that it's not legal. Lower division euro soccer is corrupt, and US baseball also used to be corrupt (more than today).

And "Horseracing" is a "model" of honesty and consistency.....:D

But at least you can "betonit"...:jump:

bks 07-02-2014 11:57 AM

Quote:

Originally Posted by SandyW
Ask Delaware what happened when they tried to start up full time sports betting.

The injunction filed against the state of Delaware claimed its plan violated federal law. But my understanding is that in the NJ case, NJ will not be the entity operating the sports books, and the NJ plan calls for the state to simply drop its prohibition of sports betting. This would allow private entities to run such operations without violating federal law, which I believe only forbade states (not private entities) from running such operations.

I could be wrong.

mgoldie1 07-02-2014 12:16 PM

BKS, you are correct. There have been at least 3 different instances that were quoted from the sports leagues, the doj lawyer, and even a judge at the Court of Appeals who all said, in essence, that PASPA is not forcing them to do anything and it's not a violation of PASPA if NJ repeals it's prohibition on sports betting. So, Senator Lesniak introduced a bill that would do just that, only at casinos and racetracks. It's now on the Governor's desk.

In my opinion, I think Chrisite will veto it. I think the only reason that he was the "aggressor" in trying to get sports betting legalized was that the NJ legislature did an intelligent thing and got the sports betting question on the ballot in 2011 without the need of the Governor's approval. Then, when the voter's overwhelmingly voted YES to sports betting, the Governor would have looked real bad not to fight for it. Based on his future aspirations for the Republican nominee for president and the possible questions regarding possible new lawsuits in resonse to the new sports betting repeal prohibition, I think he veto's it.

I would think at that point they could try to override the veto, but the NJ legislature has NEVER been able to override his veto due to the fact that the minority of Republicans in the NJ legislature, even if they overwhelmingly agreed with the bill, will NEVER go against their Governor.

It should be interesting to see how this turns out, especially since one particular senator (Senator Beck) is a republican, is a co-sponsor of the bill, and represents Oceanport, where Monmouth Park is located. If Christie veto's it, will she have the guts to try to override his veto? We will see.

bks 07-02-2014 02:17 PM

Quote:

Originally Posted by mgoldie1
BKS, you are correct. There have been at least 3 different instances that were quoted from the sports leagues, the doj lawyer, and even a judge at the Court of Appeals who all said, in essence, that PASPA is not forcing them to do anything and it's not a violation of PASPA if NJ repeals it's prohibition on sports betting. So, Senator Lesniak introduced a bill that would do just that, only at casinos and racetracks. It's now on the Governor's desk.

In my opinion, I think Chrisite will veto it. I think the only reason that he was the "aggressor" in trying to get sports betting legalized was that the NJ legislature did an intelligent thing and got the sports betting question on the ballot in 2011 without the need of the Governor's approval. Then, when the voter's overwhelmingly voted YES to sports betting, the Governor would have looked real bad not to fight for it. Based on his future aspirations for the Republican nominee for president and the possible questions regarding possible new lawsuits in resonse to the new sports betting repeal prohibition, I think he veto's it.

I would think at that point they could try to override the veto, but the NJ legislature has NEVER been able to override his veto due to the fact that the minority of Republicans in the NJ legislature, even if they overwhelmingly agreed with the bill, will NEVER go against their Governor.

It should be interesting to see how this turns out, especially since one particular senator (Senator Beck) is a republican, is a co-sponsor of the bill, and represents Oceanport, where Monmouth Park is located. If Christie veto's it, will she have the guts to try to override his veto? We will see.

Appreciate this reply. I think it will be very interesting, given how quickly and easily the bill passed the legislature. Clearly there's enough support there. If Christie signals to Republicans that his veto is only for show, then they may feel free to override it without incurring his wrath.

Lesniak seems quite confident, but I have no way of gauging how good an indicator that is of the bill's final passage.

It is of considerable interest to me as an NJ seashore homeowner. Rooting hard for this to pass.

biggestal99 07-02-2014 05:04 PM

Christie pushed hot and heavy for privitize the horse tracks, sports betting enhances the track in a positive way. Now he vetos a way to help the track stand on its own two feet?

Not sure how he vetos with a straight face. Sports betting will also be at AC casinos, Christie placed a huge wager on making AC casinos revenue stream increase,

Allan

Stillriledup 07-02-2014 05:11 PM

Quote:

Originally Posted by biggestal99
Christie pushed hot and heavy for privitize the horse tracks, sports betting enhances the track in a positive way. Now he vetos a way to help the track stand on its own two feet?

Not sure how he vetos with a straight face. Sports betting will also be at AC casinos, Christie placed a huge wager on making AC casinos revenue stream increase,

Allan

How can AC survive without sports betting?

mgoldie1 07-02-2014 05:26 PM

He has not vetoed it yet.

Just found an interesting article regarding the possible problems if sports betting is instituted:

http://artherworldblog.wordpress.com...dead-or-alive/

These concerns, in my opinion, are why Christie will probably veto it.

onefast99 07-03-2014 10:39 AM

Quote:

Originally Posted by biggestal99
Christie pushed hot and heavy for privitize the horse tracks, sports betting enhances the track in a positive way. Now he vetos a way to help the track stand on its own two feet?

Not sure how he vetos with a straight face. Sports betting will also be at AC casinos, Christie placed a huge wager on making AC casinos revenue stream increase,

Allan

The smaller details are what seems to be his issue. No real compliance plan has been laid out, no state office has stepped up and said they could "monitor" all of the money flowing into this form of gaming. The possible issues with cheating, payoffs and changing odds as well as collection methods used by those being licensed are all very real.

biggestal99 07-03-2014 12:10 PM

Quote:

Originally Posted by onefast99
The smaller details are what seems to be his issue. No real compliance plan has been laid out, no state office has stepped up and said they could "monitor" all of the money flowing into this form of gaming. The possible issues with cheating, payoffs and changing odds as well as collection methods used by those being licensed are all very real.

There is no compliance issues, no state agency can be involved with this per the court ruling basically its lassiez-faire meaning no state involvement whatsoever. Aka anything goes.

Can Christie with his fed background let sporting betting go without state regulations at the casinos and razcetracks. And allow both to flourish.

There will be no licence for sports betting in Jersey under the current legislation on Christies desk.

Allan

Allan

mgoldie1 07-03-2014 03:47 PM

I think I read somewhere that the mindset was that the racetracks and casinos can be risking their license (state license, not sports betting license) if things are done shady. Of course without state regulation, it could be tough to prove. At lease Christie doesn't have to fear that anyone can go after him or the state, since it would be a private entity running it. I think the odds are (pun intended) are about 80% that he vetoes the bill. We'll see what happens.

onefast99 07-03-2014 04:06 PM

Quote:

Originally Posted by biggestal99
There is no compliance issues, no state agency can be involved with this per the court ruling basically its lassiez-faire meaning no state involvement whatsoever. Aka anything goes.

Can Christie with his fed background let sporting betting go without state regulations at the casinos and razcetracks. And allow both to flourish.

There will be no licence for sports betting in Jersey under the current legislation on Christies desk.

Allan

Allan

It's a play on words, to keep the feds happy there will be no licensing requirement, but if you don't own a casino or run a racetrack you aren't getting sports wagering. All of those who currently fit this description are licensed by the Racing Commission or the NJ Casino Control Commission, so to make you happy a separate license isn't required but if you think for one second the state isn't going to monitor the amount of monies or activities of this form or gaming you don't know NJ!

biggestal99 07-03-2014 06:15 PM

Quote:

Originally Posted by onefast99
It's a play on words, to keep the feds happy there will be no licensing requirement, but if you don't own a casino or run a racetrack you aren't getting sports wagering. All of those who currently fit this description are licensed by the Racing Commission or the NJ Casino Control Commission, so to make you happy a separate license isn't required but if you think for one second the state isn't going to monitor the amount of monies or activities of this form or gaming you don't know NJ!

Its clearly stated in the third court of appeals opinion that's it a hard choice for the state
Unregulated sports wagering or keep the ban that is now in place.

The law that is in front of the governor does one thing and one thing only. Let's racetracks and casinos accept sports betting without law enforcement stepping in. It cannot regulate
Sports betting in any way shape or form. There can be no oversight by the state whatsoever,
They can pull the license to operate the racetrack or casino but that's it.

It up to the racetracks and casinos to walk that fine line.

Btw I have lived in jersey all my life :-)

Allan

Longshot6977 07-03-2014 06:24 PM

I just wonder how much the state's cut will be from the 'private' entity that runs it. They are sure to get a piece if they let someone have their way with us NJ residents and the tons of incoming money, IMO.

Bluto Blutarsky 07-04-2014 07:35 AM

mgoldie1-
Thanks for posting link. Best article I have seen on the outlook for sports wagering in NJ to date. State Senator "Go to the bank on that one" Lesniak has been wrong so many times in the past, it's hard to be optimistic on sports wagering chances.

Bluto Blutarsky 07-04-2014 07:53 AM

Just saw this in today's paper-

Christie deflected another gambling question – about whether he would sign into law an amended sports betting bill passed by the Legislature last week that would allow the wagering at the state’s racetracks and Atlantic City casinos. While the U.S. Supreme Court declined to take the case last week, various federal attorneys during the two-year court battle had laid out a blueprint as to how New Jersey could craft a new betting law that does not violate a limited 1992 ban on sports betting.

“I have not yet reviewed the bill, and I have 45 days in which to review the bill,” Christie said. “As soon as I do and make my decision, I won’t be shy.”

onefast99 07-04-2014 10:40 AM

Quote:

Originally Posted by Bluto Blutarsky
Just saw this in today's paper-

Christie deflected another gambling question – about whether he would sign into law an amended sports betting bill passed by the Legislature last week that would allow the wagering at the state’s racetracks and Atlantic City casinos. While the U.S. Supreme Court declined to take the case last week, various federal attorneys during the two-year court battle had laid out a blueprint as to how New Jersey could craft a new betting law that does not violate a limited 1992 ban on sports betting.

“I have not yet reviewed the bill, and I have 45 days in which to review the bill,” Christie said. “As soon as I do and make my decision, I won’t be shy.”

He will sign it, presidential aspirations or not! You got pm....

thespaah 07-04-2014 10:56 AM

Quote:

Originally Posted by biggestal99
There is no compliance issues, no state agency can be involved with this per the court ruling basically its lassiez-faire meaning no state involvement whatsoever. Aka anything goes.

Can Christie with his fed background let sporting betting go without state regulations at the casinos and razcetracks. And allow both to flourish.

There will be no licence for sports betting in Jersey under the current legislation on Christies desk.

Allan

Allan

I would suspect the only state involvement would be regulatory and of course have the ability to tax the wagers.
Apparently the law states that a STATE cannot be an operator of a sports wagering enterprise.
In my mind that means the State can regulate and tax the operation.

thespaah 07-04-2014 10:57 AM

Quote:

Originally Posted by bks
Appreciate this reply. I think it will be very interesting, given how quickly and easily the bill passed the legislature. Clearly there's enough support there. If Christie signals to Republicans that his veto is only for show, then they may feel free to override it without incurring his wrath.

Lesniak seems quite confident, but I have no way of gauging how good an indicator that is of the bill's final passage.

It is of considerable interest to me as an NJ seashore homeowner. Rooting hard for this to pass.

The GOP is the minority party in both the NJ Senate as well as the General Assembly.
The NJ Senate is 40 members. 24 Democrat, 16 GOP
The Gen Assembly is 80 members, 48 democrat, 32 GOP

thespaah 07-04-2014 11:10 AM

Quote:

Originally Posted by Stillriledup
How can AC survive without sports betting?

In the next 5-10 years, think AC will be down to just a handful of casinos.
Caesar's just announced the closing of the Showboat Casino to reduce competition. Here's the rub....The Showboat was showing a profit.
AC is well beyond saturation with casinos. A major contraction was eventually going to occur.
Will sports betting save it? Don't know. I can tell you this, according to news reports and other data, day trips to AC are far off their previous years's numbers.
The only way I see AC getting the shot in the arm is if sports wagering is available on line. Or if sports wagering satellite facilities are constructed.
I think that may miss the point. AC casino survival depends on not only gambling ,but hotel occupancy and meals sold.


All times are GMT -4. The time now is 04:40 AM.

Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved

» Advertisement
» Current Polls
Wh deserves to be the favorite? (last 4 figures)
Powered by vBadvanced CMPS v3.2.3

All times are GMT -4. The time now is 04:40 AM.


Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Copyright 1999 - 2023 -- PaceAdvantage.Com -- All Rights Reserved
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program
designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.