New Jersey Sports Betting

[Valuist]

Once NJ legalizes, the other states will fall like dominos.

But will it be run properly? If its minus 120 both sides, it isn't gonna work. They have to be competitive with the secondary markets.

[jocko699]

Argument analysis: Justices seem to side with state on sports betting

Posted Mon, December 4th, 2017 2:51 pm by Amy Howe

The Supreme Court heard oral argument today in New Jersey’s challenge to a 1992 federal law that bars states from allowing sports gambling. New Jersey and members of the state’s horse-racing industry told the justices that the law violates the Constitution, which the Supreme Court has interpreted to prohibit the federal government from “commandeering” the states into enforcing federal law. The National Collegiate Athletic Association and the four professional sports leagues countered that the law is perfectly constitutional, because it doesn’t require the states to do anything; it simply bars them from authorizing sports gambling. After an hour of spirited debate today, a majority of the justices seemed inclined to agree with New Jersey. The court’s ruling could have implications not only for sports betting, but also for everything from state laws decriminalizing marijuana to physician-assisted suicide and self-driving cars.

Read the rest here:

http://www.scotusblog.com/2017/12/ar...ports-betting/

[bks]

Originally Posted by Valuist

Once NJ legalizes, the other states will fall like dominos.

But will it be run properly? If its minus 120 both sides, it isn't gonna work. They have to be competitive with the secondary markets.

Have you heard anything suggesting this?

[Valuist]

Originally Posted by bks

Have you heard anything suggesting this?

No, just knowing how politicians like to try to take over industries in which they have little knowledge. They can definitely screw this up.

[Valuist]

I hope I'm wrong on that, but we've waited so long for this that one can't help but feel we're getting setup for a letdown.

The ultimate irony: maybe Kaep will earn that Time Mag cover after all. We all know the group (publicly) most opposed to legalization was the NFL. But the kneeling controversy really pushed falling TV ratings, which the NFL did not see coming. We haven't heard any public bitching from them to oppose sports betting now. The NFL has to stop their downturn. This is the one catalyst that could do it. But obviously, this goes far beyond the NFL, and far beyond the state of New Jersey. If they pass it, as many as 32 states are expected to ultimately allow sports betting.

[thaskalos]

Originally Posted by lamboguy

if Monmouth can get sports gambling, i see no reason why i can't have it at my house!

We've seen that with poker for decades now. It's "illegal" for us to hold a private poker game at our home...but poker remains "legal" at nearby casinos.

[thaskalos]

Originally Posted by Valuist

No, just knowing how politicians like to try to take over industries in which they have little knowledge. They can definitely screw this up.

Hopefully, the government will seek "outside help" in the management of this new gambling venture. If not...then the -120 takeout is a certainty, IMO.

[Valuist]

Originally Posted by thaskalos

Hopefully, the government will seek "outside help" in the management of this new gambling venture. If not...then the -120 takeout is a certainty, IMO.

It sounds like William Hill will play a role in the initial rollout. One would think minus 120 sides is begging for trouble, but that thinking hasn't stopped casinos from moving to 6-5 blackjack. And some idiots still play 6-5 BJ.