NEW JERSEY SPORTS BETTING-AIN'T DEAD YET

[rezlegal]

THE  Third Circuit Court of Appeals has just agreed to hear re-argument, en banc,  (meaning by the entire panel of more than 20 Appeals Judges) of New Jersey\'s attempt to legalize sports betting.As the NY Times on -line article stated, this is like winning the lottery. It is rare for the entire panel to agree to review the holding of a three judge panel.  Stay tuned.

[Topcat]

Folks holding their breath on this prior to broad league participation in profits are going to turn blue, sooner than later.

[miff]

Sports betting is 1-9 to become legal in some form as soon as the politicians figure out their share.

[Fairmount1]

If you want to bet on the court ruling for sports betting whose stock should you buy that would be part of the action to have a TG new top?  Boyd gaming?

[Boscar Obarra]

Speaking of stocks, Betfair , listed in London, has pretty much tripled over the last year. Walmart is down 33% this year.

Just sayin.

[Fairmount1]

Boyd Gaming, $17.93 on 10/16/15.

$36.06 at close today.  

My best pick in the last 3 years.  But didn\'t make it to the window in time.

[rezlegal]

Every “sports betting” stock is up - Betfair, William  Hill ( set to run the NJ operation) and beloved CDI. The Disney folks must be tripping over themselves with joy at the potential increased viewership for ESPN.  The impact of this decision goes way way beyond its impact on Monmouth. It is likely that the betting  world as we know it has just undergone  a seismic change. The only question for this Board  is will horse racing benefit - I believe it can, but only if the geniuses who ran the game and decided OTB was an adversary in the late 1960s stay out of the way. There is sooooo much money involved ( as in 100s of billions annually), if this is run well. The bad news is all types of State government involvement— this will be interesting.

[jbelfior]

Basically guarantees at least half of all millennials in NJ will be living in their parents basement until they\'re at least 50.

Good Luck,
Joe B

[Boscar Obarra]

That was true irrespective of the Sports Gambling vote.

[Topcat]

miff Wrote:
-------------------------------------------------------
> Sports betting is 1-9 to become legal in some form
> as soon as the politicians figure out their share.


Finally got by the major hurdle legal hurdle . . . though most who thought it was going to be a slam-dunk wham-bam were grossly optimistic about how soon it would come to pass.  . . . but if they don\'t price it right, the wise guys will avoid the new outlet(s) in droves . . .

[IK]

Yippee! I get to play 30 cent lines!

I\'m not closing offshore outs just yet....

[trackjohn]

Rez:

  Couldn\'t agree more...will have untold effects on everything sports related...IMO it will NOT have any immediate impact on anyone who wagers anything of significance with off-shore accounts...BUT...in a year...the guy who downloads the phone app and wants to wager $200-$300 on a half time total or live wagering??? HUGE!  Hundreds of billions at stake in wagering alone, not to mention the value of ALL of the professional teams...I\'m curious what the NCAA\'s opinion will be...I\'m sure that it will impact their \"Student Athletes\"!...Just wait until the Federal Government gets involved (5 years at the most!)...By then we won\'t recognize today\'s \'sports bar\'s\'...comments?

John

[TempletonPeck]

I think if you look at how much Nevada casinos (don\'t) take on sports wagering, you\'ll be surprised. This isn\'t going to be the bonanza that many think.

Neighborhood bookies won\'t be affected in any way, their model is built on money-lending, which will continue to be needed no matter how legal the betting aspect may become.

[drbillym]

And the chance to write off bad debt or just not pay up

[Boscar Obarra]

Isn\'t that money lending aspect overrated?

 I\'m not a sports bettor , but hard to believe those that are demand credit .   What\'s the diff if you put it up a day before you bet, or pay a day after you lose?