mjp28 Posted September 6, 2019 Report Share Posted September 6, 2019 Saw this on CNBC and it was in ESPN, New Jersey passes Nevada in sports betting. It's estimated that within 5 years 40 states will have sports betting. N.J. tops Nevada in monthly bets for first time Jul 4, ESPN American sports-betting history was made in May. For the first time -- and just one year after a landmark ruling from the U.S. Supreme Court -- more money was bet at New Jersey sportsbooks than at Nevada books in a month. In May, New Jersey books took $318.9 million in bets, just ahead of Nevada books, which accepted $317.4 million in wagers during the month, according to revenue numbers released Thursday by state gaming control. On May 14, 2018, the Supreme Court struck down the Professional and Amateur Sports Protection Act of 1992, the federal statute that had restricted state-sponsored sports betting to primarily Nevada. Since the decision, legal sportsbooks have begun operating in seven states in addition to Nevada, and roughly a dozen more states are close to entering the bookmaking business. New Jersey has quickly separated itself from the newcomers and has taken more than $3 billion in wagers in its first full year operating. "I'm not surprised at all," retired state senator Raymond Lesniak, who spearheaded New Jersey's sports-betting efforts, told ESPN. "I've been saying all along that the Northeast and New Jersey is a hotbed of sports activity. We love our sports. We are well on our way, in overall gaming, to becoming the Las Vegas of the East Coast." While New Jersey came out on top in May, the impact of expanded sports betting has not hurt Nevada's sportsbooks. Nevada books eclipsed $5 billion in wagers for the first time in 2018 and are on pace for another record-breaking year in 2019. Nevada sportsbooks, which won $11.2 million in May, have not suffered a losing month statewide since July 2013. Quote Link to comment Share on other sites More sharing options...
mjp28 Posted September 6, 2019 Author Report Share Posted September 6, 2019 This can not be good for Vegas on many fronts, the USA will become a real gambling nation like never before. Quote Link to comment Share on other sites More sharing options...
mjp28 Posted September 6, 2019 Author Report Share Posted September 6, 2019 Question: if you have a sports betting book near you or a short drive would you bet on the BROWNS or other pro or college games? All, some or occasionally or never? Quote Link to comment Share on other sites More sharing options...
mjp28 Posted September 10, 2020 Author Report Share Posted September 10, 2020 I have not been keeping up on the legalized sports gambling but 2020 was supposed to be the big year for new states passing gambling laws. It looks like the COVID-19 may have interfered with those plans. August 7, 2020. 2020 was poised to be a big year for sports betting. Some of that momentum was lost due to the shutdown, but the industry is still surging ahead — and holding out hope for a massive fall. The state of play: Sports betting is now legal and fully operational in 18 states, plus Washington, D.C. Another four states — Virginia, North Carolina, Tennessee and Washington — have passed bills legalizing it this year, but are not yet operational. Driving the news: William Hill opened a temporary sportsbook at Washington, D.C.'s Capital One Arena last Friday, making it the first pro sports stadium or arena in the country with a full-service sports betting operation. A permanent sportsbook is being built inside the arena, but with construction delayed, the ticket box office area was converted into a temporary site. Where it stands: Legal (18 states plus D.C.): Arkansas, Colorado, Delaware, Illinois, Indiana, Iowa, Michigan, Mississippi, Montana, Nevada, New Hampshire, New Jersey, New York, New Mexico, Oregon, Pennsylvania, Rhode Island, West Virginia, Washington, D.C. Passed bill (4 states): North Carolina, Tennessee, Virginia, Washington. Active bill (9 states): , Hawaii, Kansas, Louisiana, Maryland, Massachusetts, Nebraska, Ohio, South Dakota, Vermont. Failed legislation in 2020 (12 states): Alabama, Alaska, Arizona, California, Connecticut, Florida, Georgia, Kentucky, Maine, Minnesota, Missouri, Wyoming No legislation in 2020 (7 states): Idaho, North Dakota, Oklahoma, South Carolina, Texas, Utah, Wisconsin Go deeper: The NFL's slow embrace of sports betting Quote Link to comment Share on other sites More sharing options...
The Gipper Posted September 10, 2020 Report Share Posted September 10, 2020 On 9/6/2019 at 2:09 PM, mjp28 said: Question: if you have a sports betting book near you or a short drive would you bet on the BROWNS or other pro or college games? All, some or occasionally or never? When are They supposed to adopt sports betting in Ohio Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.