Legalized sports betting - SCOTUS

[donniesyracuse]

It’s not as if the sports leagues weren’t going to provide the content anyway

If states are going to make money off the content provided by these leagues, do people really believe that the leagues don’t deserve a cut?

 

[kirbivore]

Typical NY, always late to the party

Sports betting in New York: Coming soon, or not so fast?

 

[upperdeck]

so should we pay all the actors for oscar bets and politicians running for president. they are betting on the queens hat do we pay her?

 

[donniesyracuse]

so should we pay all the actors for oscar bets and politicians running for president. they are betting on the queens hat do we pay her?

I don’t think that is an apples to apples comparison. As far as elections go, the entities that are holding these contests are getting compensated. If Oscar betting generates significant revenue, then sure, the academy should get a cut.

 

[upperdeck]

but the sports already get a cut.. the added tv revenue from people watching who wouldnt be if they didnt bet. i know i watch more games if i have some reason and money is a reason.

the main problem is that when you add the league cuts and the state cuts they want more money than the gambling actually brings in..

 

[bpo57]

i don’t know about calling it an “integrity fee,” but I do think the sports leagues should be compensated for providing the content on which to be gambled. If they aren’t, I’m sure the leagues can make life difficult for states/casinos regarding using trademarks and showing games at the locations.

Well it's funny that nobody in Nevada has ever paid for that info. Why should the other states have to pay for it?

 

[bpo57]

If states are going to make money off the content provided by these leagues, do people really believe that the leagues don’t deserve a cut?

If you went to the NFL right now and said we've found a way to completely eliminate gambling on your games. The screeching sounds of horror you would hear emanating from the NFL's offices on Park Avenue would be heard in mainland China. Their ratings would be cut in half. More gambling equals more viewership. The sports leagues deserve nothing as they are the beneficiaries of this repeal of PASPA. . They're also the biggest bunch of hypocrites with their hands out after fighting NJ and other states tooth and nail.

 

[donniesyracuse]

but the sports already get a cut.. the added tv revenue from people watching who wouldnt be if they didnt bet. i know i watch more games if i have some reason and money is a reason

The leagues are the reason legalized sports betting is so valuable. I think they deserve a cut beyond just the increased television revenue. There are plenty of options for people to gamble already. Obviously, people want to gamble on their favorite sports, not just horse and dog racing.

 

[donniesyracuse]

Well it's funny that nobody in Nevada has ever paid for that info. Why should the other states have to pay for it?

Nevada should pay too.

 

[donniesyracuse]

If you went to the NFL right now and said we've found a way to completely eliminate gambling on your games. The screeching sounds of horror you would hear emanating from the NFL's offices on Park Avenue would be heard in mainland China. Their ratings would be cut in half. More gambling equals more viewership. The sports leagues deserve nothing as they are the beneficiaries of this repeal of PASPA. . They're also the biggest bunch of hypocrites with their hands out after fighting NJ and other states tooth and nail.

There is no doubt that they are hypocrites. I still think they deserve a cut as they are the reason for the revenue.

 

[bpo57]

Nevada should pay too.

But the leagues have been compiling statistical information for several decades. Why now the need for compensation?

 

[upperdeck]

gambling has been going on since the leagues started, they could go after vegas and the off shore guys all along but havent.. does that make like common law marriage since they ignored it for so long? they didnt go after the euro gamblers either and that was organized legal betting,

 

[donniesyracuse]

But the leagues have been compiling statistical information for several decades. Why now the need for compensation?

They deserve compensation because they are the content upon which is being gambled.

 

[donniesyracuse]

gambling has been going on since the leagues started, they could go after vegas and the off shore guys all along but havent.. does that make like common law marriage since they ignored it for so long? they didnt go after the euro gamblers either and that was organized legal betting,

Whether they asked for it before is irrelevant to me. Asking for a slice of the pie, because they are the reason sports gambling is valuable, is not an unreasonable ask in my opinion.

 

[bpo57]

They deserve compensation because they are the content upon which is being gambled.

But why now? If it weren't for gambling and fantasy sports then the NFL's ratings would be down at least 50%. The various states should, and most likely will, tell the NFL and the other leagues to go pound sand.

 

[donniesyracuse]

But why now? If it weren't for gambling and fantasy sports then the NFL's ratings would be down at least 50%. The various states should, and most likely will, tell the NFL and the other leagues to go pound sand.

Just because someone hasn’t asked for something in the past, it doesn’t preclude someone from asking in the future. States are in a position to profit greatly because of the popularity of the sports leagues. I think it’s fair for the leagues to ask for a cut.

Of course the leagues’ stances on gambling has been inconsistent and hypocritical. That point is obvious.

With sports betting only being legal in Nevada, I think it made some sense for the leagues to maintain some distance. Now that it’s likely to be legal in many states, it makes more sense for the leagues to ask for a share.

 

[upperdeck]

there isnt nearly the money available being thrown around because gambling is a large payout sport as it exists now. a few hundred million in profit split 30 ways and then taxed and then fees payouts doesnt really go that far. just ball park if you think 500 million is going to be bet my NYers that means 475 million is being paid back so now you have 25 million left to pay for all the over head and make a profit and now the leagues want 1% of the handle so split that over several sports and tax it. they will now lose money taking bets.

there are already rumors the off shorts will lower the take since they are raking it in tax free and just undercut the legal stuff even more.

 

[donniesyracuse]

there isnt nearly the money available being thrown around because gambling is a large payout sport as it exists now. a few hundred million in profit split 30 ways and then taxed and then fees payouts doesnt really go that far. just ball park if you think 500 million is going to be bet my NYers that means 475 million is being paid back so now you have 25 million left to pay for all the over head and make a profit and now the leagues want 1% of the handle so split that over several sports and tax it. they will now lose money taking bets.

there are already rumors the off shorts will lower the take since they are raking it in tax free and just undercut the legal stuff even more.

Sucks! I do think the leagues deserve a slice of the pie. If that makes it unprofitable, then that is unfortunate.

 

[bpo57]

Just because someone hasn’t asked for something in the past, it doesn’t preclude someone from asking in the future. States are in a position to profit greatly because of the popularity of the sports leagues. I think it’s fair for the leagues to ask for a cut.

Of course the leagues’ stances on gambling has been inconsistent and hypocritical. That point is obvious.

With sports betting only being legal in Nevada, I think it made some sense for the leagues to maintain some distance. Now that it’s likely to be legal in many states, it makes more sense for the leagues to ask for a share.

I would disagree that the states will profit greatly. I don't see that happening. They'll experience a modest increase in revenue but nothing extraordinary. I'm just glad it's legal because it's beyond stupid that it could be legal in one state and illegal in all of the others. Plus all of the illegal betting that takes place with bookies and offshore.

 

[donniesyracuse]

I'm just glad it's legal because it's beyond stupid that it could be legal in one state and illegal in all of the others. Plus all of the illegal betting that takes place with bookies and offshore.

Me too

 

[STEVEHOLT]

I don’t think that is an apples to apples comparison. As far as elections go, the entities that are holding these contests are getting compensated. If Oscar betting generates significant revenue, then sure, the academy should get a cut.

i think the leagues should pay the casinos for listing their events. Betting brings more eyes and thus advertising dollars to the games. In fact, sporting events are like the only thing people watch live anymore, and if you are betting on it, you sure as hell aren't going to DVR it .

 

[donniesyracuse]

Betting brings more eyes and thus advertising dollars to the games.

Sure, but how valuable will a sports book be if it does not include the major sports leagues? Who needs whom more?

 

[upperdeck]

the sports books exist though as an after thought.. the casinos make vastly more off the in house gambling than they do the books.. for some its an overhead just as a convenience to the people staying at the hotel.. they really dont do it to make money which is why the overhead is low and the payout is high.

 

[jncuse]

The leagues should be able to operate there own betting sites if they want. And some will. Apparently the PGA Tour has a platform almost ready to go.

But they have no exclusivity or cut over their revenues from other betting sites / avenues. Let them compete with each other.

If anything I suspect the leagues will advertise their sites in games, and they will give worse odds than the more traditional books. But they will get plenty of traffic from the more casual better.

 

[upperdeck]

how can the leagues do it since you cant bet nationally and all the states have restrictions on who can offer bets?