Sports gambling legalized

As has been mentioned, the "integrity fees" and everyone else who wants a hand in the cookie jar are going to be the factors that make or break this on the state level. If I have to lay -120 to bet a game, I'm not doing it very often because sports betting isn't beatable at that price. In that case, I'll keep hitting up friends who go to Vegas every few months to get down for me. And underground bookmakers will do even better business.

And I wouldn't be too worried about Vegas. Sports betting doesn't make or break the town, on a profit basis it's far, far behind all the other forms of gambling in casinos. It's all about creating an atmosphere of a big sports weekend. Watching the first round of the NCAA Tournament out there is still a bucket list item for me, and that won't change just because I might be able to bet the games a few miles from home.

 

I dunno. Sitting at a sports book in Vegas on a college football Saturday is a fun thing to do once in a while. But it's mostly because it is Vegas and it attracts all kinds of characters. Otherwise, if I was betting, I'd just as soon place my bet online or over the phone and watch at home or with friends. Put a sports book in Atlantic City or one of the casinos in Connecticut or around NYC, and it isn't going to draw me. But 1) I am not a huge bettor, and 2) Maybe I am not representative of most people.

 

DraftKings said in a statement that it's been preparing since 2017 to offer sports betting, in anticipation of this ruling from the Supreme Court.

I guess the states can make whatever rules they want. One winner someone I was listening to before pointed out could be race tracks. They'd let you bet on sports at the track. ... and while you're there, if you want to place a wager or two on the ponies, go ahead.

 

Tune in to VSiN today, to say they're giddy is an understatement. Brent Musburger knew what he was doing when he signed up there.

 

William Hill and all the big gambling parlors will be blowing up the phones to state legislatures. We'll see which states are smart enough to outsource to the right people and quietly take a cut, or try to do it themselves and make a huge mess. My state couldn't even run the DMV properly for many years, I don't exactly trust them to sell me a three-team teaser.

 

Would it make it more palatable for people if you had the standard 5 or 10 percent vig on a single game, and the states taxed winnings at the individual level?