sports-betting   94

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Sports fans, welcome to our new gambling hell
"If you are not already a sports gambler, you're about to have your regularly scheduled sports programming interrupted by some dude with thick eyebrows telling you about his Inside Info."
sports-betting 
july 2018 by jnchapel
NFLPA's Casey Schwab says legalized betting can affect player privacy
"Schwab said that while athlete protection is the priority, he realizes that legal sports betting also presents potential opportunities for players. The current NFL gambling policy prohibits players from doing deals with entities affiliated with gambling. The players' association has looked at potential alternative opportunities, including using their biometric data as content for a subscription product for fans and bettors."
sports-betting  data  privacy 
july 2018 by jnchapel
For first time, gamblers bet on sports at Meadowlands Racetrack
"Saturday ... the track featured the biggest harness race of the year, the Meadowlands Pace, and a new attraction: sports betting. So the vast parking lots surrounding the track were nearly full. By the end of the night, not only did [Gural's] horse, Six Pack, win the sixth race, but gamblers had put down a total of $560,000 in bets, more in a single day than at New Jersey’s other newly opened sports betting parlors. By Sunday noon, the Meadowlands sports book had taken in another $220,000."
sports-betting  horseracing  new-jersey  meadowlands 
july 2018 by jnchapel
First month of New Jersey sports betting: $16 million in wagers, $3.5 million in revenue
"NJ data is separated by operator, of which there are currently three. The revenue numbers break down like this, bearing in mind that the Ocean Resort Casino just opened on June 28: Monmouth Park: $2,279,166; Borgata: $986,831; Ocean Resort Casino: $192,671."
sports-betting  horseracing  new-jersey  monmouth-park 
july 2018 by jnchapel
Delaware sports betting numbers for first 20 days: $1 million revenue, $7 million handle
"The state’s racinos keep 40 percent of the remaining revenue; here’s how the three tracks made out in June: Delaware Park – $263,924; Dover Downs – $57,293; Harrington – $31,039. About ten percent of remaining revenue — $85,353 this month — is allocated to horse racing purses."
sports-betting  horseracing  mid-atlantic  delaware-park 
july 2018 by jnchapel
Safe bet: Legal gambling could change the way we watch, talk and experience sports
"Gambling talk was mostly verboten by traditional media and frowned upon by the leagues, but companies are suddenly angling for space. The idea is that an entity such as the Action Network or Vegas Stats & Information Network (VSiN) — another media company focused on sports betting — would be positioned like CNBC or Bloomberg News: supplementing more traditional coverage that's provided elsewhere with specifically focused content."
sports-betting  media 
july 2018 by jnchapel
When sports betting is legal, the value of game data soars
"The debate over official data is one facet of a still broader set of questions: How should sports data from any source, official or unofficial, be regulated, monitored and purchased? Who should settle a dispute over whether an in-play bet was won or lost? Does real-time data from a sporting event, like the sounds of a musical performance, have a claim to royalties and copyright protection for those who produce it? By creating a sort of monopoly, could a mandate for official data actually do more harm than good? ... Some legal experts, like Ryan Rodenberg, an associate professor of sports law at Florida State University, believe that, as with musical recordings and other copyrighted material, courts will find that real-time sports data is owned by those who produce it: the leagues and their players. Others dismiss that view. Marc Edelman, a professor of law at Baruch College, said he believed that only 'pre-scripted' events were subject to copyright — meaning that while professional wrestling performances might qualify, football, basketball and other true competitions would not."
sports-betting  data 
july 2018 by jnchapel
Let’s do a sports book
"The existing record (based largely on Nevada's, and to a lesser extent New Jersey's online betting experience) suggests that the current casino licensees — Penn National at Plainridge Park, MGM Springfield, and Wynn Resorts in Everett — would be the most effective vehicles through which to implement the Massachusetts sports betting regime under the regulatory oversight of the Gaming Commission. Each is eager to add a sports book to their own offerings, and they could function as the intermediary for expanded online offerings outside of the brick and mortar of their physical premises as may be subsequently approved by the Legislature. There is an added benefit to the Commonwealth, since sports books at casinos would likely increase the appeal of the casinos. Casino revenues would likely increase as the sports bettors drawn to them patronize the casinos' table games and slots. As discussed before, that business is higher margin for the operators and is subject to higher tax levels. Thus, there is the tangible prospect of a significant net boost to the state's finances beyond what is strictly generated by sports bets alone."
sports-betting  massachusetts 
june 2018 by jnchapel
No sports betting law passed in New York; pro leagues lose out on royalty fee
"The form of the fee changed a couple of times during the [NY] process. Final versions of the bill would have given the leagues a fifth of a percent of all wagers. Earlier drafts included a quarter-percent to the leagues, but with a cap of two percent of revenue. Either would have handed them an enormous victory as they fight for a cut of sports betting revenue. After striking out on integrity fees in West Virginia sports betting and New Jersey sports betting laws this year, the leagues looked at New York as their best chance. They likely hoped to hold up the New York sports betting legislation as a model for other state legislatures to copy. Without a law, the leagues essentially go back to the starting line with other states as they consider sports betting."
sports-betting  new-york 
june 2018 by jnchapel
Monmouth Park racing not 'cannibalized' on first weekend
"For the weekend, on-track handle for the two days was up 18 percent, while attendance jumped 21 percent, which equates to more money spent on concessions. 'I attribute the numbers to two things,' Drazin said. 'I think the bundled stakes program (on Sunday) is well received by the public, and I think sports betting really brought a lot more people in and they were the kind of people wo were wager on racing, too. Frankly, it's not even football season. There's not even that much going on. There's World Cup, there's baseball and there are futures, but this is probably a fraction of what we will see in football season' ... the question now is how much money the track made on sports betting."

See @o_crunk thread: https://twitter.com/o_crunk/status/1008696521536212992
horseracing  sports-betting  new-jersey  monmouth-park 
june 2018 by jnchapel
The 'homer effect': A new bookmaking quandary
"When the odds to win Super Bowl LIII were posted last Thursday at Monmouth Park in New Jersey, there were no signs of regional bias, no apparent concerns from bookmakers that they'd be overwhelmed, for example, by bets on the Philadelphia Eagles from local fans. The Eagles were 17-2 to win the Super Bowl at the new William Hill sportsbook at Monmouth Park, just like they were at the William Hill sportsbook at Casino Royale on the Las Vegas Strip. Philly's Super Bowl odds were 8-1 at the Borgata in Atlantic City, an MGM property; they were also 8-1 at the MGM Grand in Las Vegas. Until recently, this wasn't something Las Vegas had to deal with, but it's coming."
sports-betting 
june 2018 by jnchapel
You can't bet on Rutgers: The first day of sports gambling in New Jersey
"That guy who tweets in all caps was there, just like in Delaware, screaming at the top of his lungs and placing a $5,000 bet on the White Sox. They lost, 5-2; he said he also lost $4,000 in Delaware. He sells picks, too, if you'd like to share in that success."
horseracing  sports-betting  new-jersey  monmouth-park 
june 2018 by jnchapel
NJ sports betting: The case for Justify running in the Haskell
"And as I stood in the north end of the grandstand on Thursday morning, where the Monmouth Park Sports Book by William Hill was the epicenter of the state's new sports betting industry, it was apparent why it's so important the track land Triple Crown winner Justify for Haskell Day on July 29. The stakes have been raised, and introducing sports betting to a broader audience, thus taking full advantage of a potentially game-changing alternative revenue stream for the financially troubled racetrack, is the single-most important function of the current meet. If horsemen want more racing days and higher purses in the future, it starts with bringing the sport's latest superstar to the area."
horseracing  sports-betting  new-jersey  monmouth-park 
june 2018 by jnchapel
Two $20 bets, and they're off to sports betting in New Jersey
"Our goal is to increase purses and add more racing dates," Drazin said. Drazin estimates that once the New Jersey sports betting market stabilizes, Monmouth could handle $1 billion a year. "We think the illegal sports betting market nationally, offshore and books, is around $40 billion," he said. "Because of the demographics in New Jersey, we think total betting will reach $10 billion annually. In a mature market, we think Monmouth will take in 10 percent of the state's total handle."
horseracing  sports-betting  new-jersey  monmouth-park 
june 2018 by jnchapel
You can now place sports bets (legally) in New Jersey
"The Borgata and Monmouth Park Racetrack in Oceanport were the only places prepared to accept gamblers as sports betting started in New Jersey, and both were inundated with people apparently delighted to have the chance to part ways with their money. At both venues, officials described the moment in soaring terms — as the dawn of a 'new era' in New Jersey, and a significant opportunity to invigorate lagging Atlantic City casinos and the state's racetracks."
horseracing  sports-betting  new-jersey  monmouth-park 
june 2018 by jnchapel
Legalized sports betting is already a big hit in Delaware
One bettor: "With the bookie, you've got to wait," he says. "You don't get paid till the following week." And another: "I love sports," she says. "I love that sports betting is legal."
horseracing  sports-betting  mid-atlantic  delaware-park 
june 2018 by jnchapel
NY sports betting bills start to move, lawmakers agree on identical language
"The effort to legalize NY sports betting would allow for wagering at the state's gaming facilities through partnerships with four existing commercial casinos in the state. Those would include horse racing tracks, off-track betting parlors and Native American casinos. It would also allow for mobile wagering ... sports betting revenue would be subject to a tax rate of 8.5 percent ... the bills also give the leagues the right to dictate where some forms of data come from and codify direct involvement for the leagues in integrity monitoring and any investigations that might come up."
sports-betting  new-york 
june 2018 by jnchapel

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