They get paid by increased viewership.

something the NBA clearly understands

MGM becomes the first to launch mobile by the end of this week.

Wondering what the heck is up with William Hill... they were first out of the box at Monmouth but there has been precious little word as to why they have not gone live with their mobile app.

Understand that's one way they get paid. They want more. Is there some reason why they couldn't pursue more? The leagues control the content which would seem to put them in a strong negotiating position absent some legal or regulatory constraint. Not advocating their position just wondering if anyone knows what constraints exist that would limit the leagues from exploiting this negotiating position.

DraftKings launches online wagering
 

Exactly, if it wasn't for gambling late season games between teams out of the play-off race would get little viewer ship and the value of selling time slots for commercials would be pennies on the dollar. I wonder how much fantasy sports has increased viewer ship of late season meaningless games?

According to the article upthecreek linked, the deal is worth $25 million. I presume MGM paid the NBA for the rights. If that is the case, the NBA is also getting paid for the licensing/IP. A relatively paltry amount for the NBA I guess, but they got paid nonetheless.

The NBA wants access to population-level data about bettors. They don't necessarily need personal information; they want to know which teams generate the most interest and other related info at the population level. That's the thing they want most I think.

The world is now about getting access to data and profiting from it.

http://www.thelines.com/draftkings-v...ing-lines/amp/

Interesting spreadsheet.

Sports Betting Opens Up New Possibilities for Horse Bettors
 

Question for exchange players. Anyone think with the ability to now bet sports in Jersey tracks previously not on the exchange will now allow their races to be on it in order to compete for our gambling dollar? Probably a pipe dream that I know the answer to just frustrating that after 2 1/2 years NYRA and Keeneland are still not on it in Jersey but are in England.



Follow up question, but has anyone used the Draftkings online platform yet? If so, any pros and cons? Thanks guys.

DraftKings mobile platform is fairly well designed and offers betting on a million things. You can bet in play on pretty much everything, and you can cash out your wager at any time for a prescribed price.

Unlike FanDuel, you can bet baseball 5 inning and three inning lines, and alternate run lines up the wazzoo.

Unfortunately, the vig is excessive for money lines.

And they want you to lay 12-10 for football, which is downright criminal.

I imagine the vig will go down when they get some company on the mobile betting front. Can't imagine what is holding up William Hill....

PS

It can be a pain to use in areas with poor cell service. I live in NY and drive 15 minutes to cross the border, any bad reception can make entering wagers a hassle. It continues to check your location throughout, so you get knocked off the system again and again.

Still, better than driving to the Meds.

Thank you for the review Hambletonian much appreciated. Best of luck.

New TVG show
 

Will hill finally up on line for desktop and android, still no on IOS, maybe one day.

Allan

Pretty impressed so far with the Fanduel site. Only negative is not being able to deposit and withdraw at the Meadowlands like William Hill allows you to at Monmouth.

I am going next Friday for opening day for meadowlands TB. Hopefully better than last year, when they canceled x betting after the first race.

Should be a nice time. And of course I will check out betfair sportsbook there.
Fanduel such a cheesy name. I ain’t fighting fans...lol

Allan

LOL. It's a nice book that I believe they've finished the renovations for now so should be more spacious with additional tellers. Enjoy.

Fanduel at the Meadowlands is king of the sportsbooks raking in 3,000,000 in August.
William Hill at Monmouth 800,000
Draft Kings (Resorts casino) leading in internet hold with almost 3,000,000

https://www.nj.gov/oag/ge/docs/Finan...August2018.pdf

we shall see how mush the NFL boosts income.

Allan

Anyone know when Freehold's sportsbook will be starting up?

This is the only article I remember seeing:


https://www.njonlinegambling.com/fre...betting-start/


When it comes to sports betting news, this is the guy to follow. He used to write for the Record.


https://twitter.com/bergenbrennan?lang=en

FanDuel refuses to pay large bet
 

Clearly a mistake, no sports book would pay that out. He should have taken the offer.

Not sure where I sit on this one.
Sure, the odds posted should be the odds paid.
If the booking company makes an error, they are liable.
It is not up to the one placing the wager to ask "gee, is this line correct?"....
On the other hand, it does appear the line was obviously an error, and the one making the bet could have questioned the line before making the wager. Due diligence.
Dunno.....If this individual is able to find an attorney willing to take his case, then we shall see .
My guess is the folks at fan duel should be writing new policy right about .....NOW

he is going to lose in court.

No idea what SOP procedure is at sports books as I'm sure this has happened plenty of times. However, my instinct is that myself as a consumer would like to be protected from outrageous obligations in contracts (who really reads all of T&Cs), so I feel like it's reasonable for corporations to receive the same protection.

House rules. Everyone agrees to them when they place a bet.


these are newbies.....I would have taken the 500 and the tickets.



Allan

You would've taken door number 2 when the big prize was behind door number 1. The first rule in negotiations, never take the 1st offer.

smart; I would have sued the piss out of them

I would have thought FanDuel would have prevailed in a lawsuit, but I guess I'm wrong since they decided to pay.

I thought courts usually sided with casinos when there is a malfunction...

First month of the nfl

Meadowlands hold was 7 million

Monmouth was 2 million

Profits so far until 11/30

Meadowlands 20,000,000

Monmouth 10,000,000

Allan

Monmouth refused to release their numbers any link for this data?

Really surprised Monmouth doesn't release the numbers as it is public knowledge.



New Jersey Gambling enforcement releases the numbers monthly around the 12th of the month or so.


Here is the website.


https://www.nj.gov/oag/ge/swrtaxreturns.html


Allan

Also NJ Senate passed a bill yesterday allocating 50,000,000 from the general fund to the Monmouth purses per year (5 year deal--10,000,000 per year) dependent of Monmouth negotiating with the horsemen a potion of their sports betting profits to the purses also. passed the senate 40-0


Here is a copy of the bill that was passed.


https://www.njleg.state.nj.us/2018/B...00/2992_R1.HTM


just needs assembly passage and the governors signature.


Allan

Thats an extra 130,000 in purses per racing date for 2019.


Monmouth asked for 56 racing dates at monmouth (approved)


Monmouth asked for 20 racing dates in the fall at the meadowlands (not approved--subject to Meadowlands and Monmouth hashing out a deal--Harness and TB asked for some of the same dates)


Allan