SM777
SM777
Joined: Apr 8, 2016
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Zuga
May 14th, 2018 at 7:36:47 AM permalink
Finally, the Supreme Court has removed the federal ban on sports betting. I think Monmouth Park will begin taking bets today!

http://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling
beachbumbabs
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beachbumbabs
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May 14th, 2018 at 7:44:27 AM permalink
Just beat me posting. Well played


From the NYT

The betting law, called the Professional and Amateur Sports Protection Act of 1992, prohibited states from authorizing sports gambling. It exempted Nevada, where sports betting has long been legal, along with sports lotteries in Delaware, Montana and Oregon. Other states were given a year to opt in, but none acted in time.
"If the house lost every hand, they wouldn't deal the game."
WatchMeWin
WatchMeWin
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May 14th, 2018 at 7:50:37 AM permalink
.....and now you know why there are new casinos opening up in AC. They had the foresight.
'Winners hit n run... Losers stick around'
WatchMeWin
WatchMeWin
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May 14th, 2018 at 7:52:03 AM permalink
Vegas will still always be the 'adult playground' for people to escape to. We all need a destination to do all things vice with no consequences.
'Winners hit n run... Losers stick around'
ZenKinG
ZenKinG
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May 14th, 2018 at 7:58:49 AM permalink
Time to buy real estate in Atlantic City. Thank me in 5-10 years.

Not just because of the sports betting legalization, but the Hard Rock now opening up and maybe more casinos and entertainment to come. Might be a resurgence in a town that used to be a tourist icon because of the combination of the beach and the casinos.

Maybe the Hard Rock high executives knew this was coming behind the scenes and maybe more potential to come.
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Romes
Romes
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May 14th, 2018 at 8:00:33 AM permalink
Quote: SM777

Finally, the Supreme Court has removed the federal ban on sports betting. I think Monmouth Park will begin taking bets today!

http://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling

Is there any good US based apps that most of you guys use to sports bet (since it's legal in Vegas - and now finally legal country wide)?
Playing it correctly means you've already won.
SM777
SM777
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Romes
May 14th, 2018 at 8:03:45 AM permalink
Quote: Romes

Is there any good US based apps that most of you guys use to sports bet (since it's legal in Vegas - and now finally legal country wide)?



The William Hill app is great, and they're obviously set up well for nationwide expansion for easy deposits and cash outs.

But, the Superbook at Westgate offers the most betting options, and the fairest lines (generally). If I could only have one, that would be it.
terapined
terapined
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May 14th, 2018 at 8:22:12 AM permalink
Quote: beachbumbabs

Just beat me posting. Well played


From the NYT

The betting law, called the Professional and Amateur Sports Protection Act of 1992, prohibited states from authorizing sports gambling. It exempted Nevada, where sports betting has long been legal, along with sports lotteries in Delaware, Montana and Oregon. Other states were given a year to opt in, but none acted in time.


Cool
Maybe I can play Yahoo fantasy sports leagues for real money
Yahoo had Florida residents banned from participating in real money leagues.
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
ZenKinG
ZenKinG
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May 14th, 2018 at 8:46:15 AM permalink
Quote: terapined

Cool
Maybe I can play Yahoo fantasy sports leagues for real money
Yahoo had Florida residents banned from participating in real money leagues.



Fantasy sports is different because of the entry fee (consideration) type of gambling it involves. I was involved in a potential eSports business that I decided to not pursue and fantasy sports and eSports / skill based gaming fall under the 2006 Unlawful Gambling Act and that is still in play. If something involves consideration or entry fee that is part of the prize pool, it is considered unlawful gambling.

It's a tricky and grey area though because on a state level, many states, around 38 or so differentiate between skill gaming and gambling(element of chance) but on the federal level it's banned. With the Supremacy Clause in the Constitution, federal law does trump state law when there is an indifference, but if it's not something that really matters such as international relations the federal govt generally doesnt intervene. The thing is though, this is a states rights issue and the federal govt is not even allowed to tell the states of what they can and cannot do per the 10th amendment. The problem is banks and merchants would still not open a bank account for my business regardless.

I believe fantasy sports and skill based gaming will be the next thing to be ruled upon probably in the coming years to clear out any confusion of what is and what is not unlawful gambling just like what happened today with sports betting.
Last edited by: ZenKinG on May 14, 2018
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UP84
UP84
Joined: May 22, 2012
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May 14th, 2018 at 9:08:40 AM permalink
Quote: SM777

Finally, the Supreme Court has removed the federal ban on sports betting. I think Monmouth Park will begin taking bets today!



The Supreme Court removed THIS federal ban on sports betting. It's not that sweeping a decision, and the ruling certainly doesn't mean that sports gambling is a constitutional right, or that sports bets can be taken immediately anywhere. Each state will now have to decide individually if it wants to allow sports books, and each state has the power to decided how to regulate them.

If the federal government wants to, it can still pass legislation that regulates sports betting to whatever degree it deems necessary, including eliminating sports betting nationwide, or effectively restricting it to certain states based on neural criteria.

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