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OT national sports betting

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Goal is to be able to place bets using your phone, from your favorite couch. Think the conservative southern states will have the strongest laws against this. In Jersey,. you won't be able to wager on colleges based in the state, e.g., Rutgers, Seton Hall, Princeton, etc. THe Gov of WV, on the other hand, would NOT exclude in-state betting on Marshall or WVU. Different strokes ...
 
I wonder if it will have a big effect on Vegas? I think within 5 years there will be at least 5 states that will have sports betting. Florida will follow one day just too much money involved. How many really fly to Vegas to sports bet? I'd say very few except around the college basketball tournament. Millions drive from CA and AZ during the year, but I doubt it's for just sports betting, there are so many things to do here. Should be interesting.
 
This will hurt fantasy sports most and not be in Florida for several years. Over 10 states passed legislation based on the court allowing betting and can start within the next few months.
 
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Awsi Dooger said:
Yes, this is a state matter, not national as implied in the OP. I'm sure there will be considerable differences from state to state in terms of what is offered, where it is offered, and how it is taxed. It might be like the old days in Europe pre-Euro where you could cross an arbitrary line and get a much different price on an item simply due to the exchange rate in relation to the dollar. Here you might have -110 each way in some states or -120 both sides in other states. Plus there might be a participation fee of some sort, like a tourist tax on hotel rates...something that wouldn't be obvious ahead of time. Locals wouldn't care about that type of thing but sharp bettors will have all the specifics and I'm sure there will be articles on the gambling sites regarding how much effective juice there is in let's say New Jersey as opposed to Oregon or New York.

And no, I wouldn't expect Florida to be aggressive to jump in line on this. Two liberals judges dissented on this ruling but in practice I would expect the more conservative states especially in the South to be most reluctant to dive in.

Frankly I haven't paid much attention to this. Many of us remained in Las Vegas for so long because the sportsbooks made dependable mistakes. You didn't always have to pick winners as much as be aware of when/where the gaffes were likely to happen, and then take full advantage of them. For example, college basketball totals are not evenly split. In a 140 game it's closer to 65.5 first half and 74.5 second half. But every year like clockwork some bonehead sportsbook manager would forget, and hang those first halves at a dead even 50/50 split of the game total. That might last up to a week before they figured it out. The corporate mergers mostly took that type of blunder away, now that there are only 10-12 separate lines in Las Vegas instead of 40-50 like the old days.

I suppose it's possible that with new states getting involved that some type of errors will be made. But they might be 2000 miles away instead of a drive across town.

There's also the aspect of online wagering and how to fund the accounts. Right now the offshore books are heavily restricted in that regard due to the must-pass port security bill of the lame duck senate of late 2006 and Bill Frist from Tennessee. He completely altered the way those offshore sites are allowed to take money and dispense money, at least from customers in the United States. Most of those offshore sites quickly banned customers from the United States, to avoid the hassle with our government.

I assume this new open market would allow online wagering from state run operations. You can't really expect customers to shop for everything online, but not the sports wagers you are now enabling.
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Expect a federal law to be shoved through congress post haste.

There will be no mish-mash of laws. Count on it you bloviating moran.
 
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